For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

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<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

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Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

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Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

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The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

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The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

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Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

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Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Spyre Group

The record-breaking Queensland developer Spyre Group is set to launch its first Melbourne apartment development, in the Bayside suburb of Hampton.

The boutique project, Hampton Ltd, will see just 20 apartments and three townhouses developed across three three-level buildings on the corner of Thomas Street and Deakin Street, near Hampton Beach and Bayside's entertainment capital Church Street in nearby Brighton.

Spyre Managing Director Daniel Laruccia, who hails from Victoria, said the company's ambition has been to extend&nbsp;the same level of design and innovation down south.

He said the key factor was the location.

“In our pursuit to offer an unmatched living experience for those who desire the extraordinary, we discovered Hampton is the ideal canvas to bring this vision to life - a prime bayside location brimming with untapped potential," Laruccia said.

The two and three-bedroom apartments are expected to be popular among empty nester downsizers and young professionals.

<a data-entity-type="file" data-entity-uuid="4c9320c7-a33b-4c54-9a44-fed7dbcd899f" href="/new-apartments/hampton-ltd-24-thomas-street-hampton-vic-3188"><img alt="Hampton Ltd" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%285%29.jpg?VersionId=kAi7KGYL6QlkPxGL2.FNOMrDwZ4Uq4gY" /></a>

Architects MLD Studio designed the project, with the interiors crafted by Studio Brent Lee.

Jellis Craig Bayside&nbsp;agent Melina Scriva, who is marketing the project, said Hampton Ltd represented a unique proposition in the area.

“Spyre brings a genuine passion to their projects and an unwavering dedication to exceptional quality," Scriva says.

"Hampton Ltd introduces a bespoke offering that the Bayside community hasn’t seen before.”

Interior layouts are designed around focal points such as the open plan kitchens and master bedrooms, spaces where people spend most of their time. The living area flows around the entertainer’s kitchen where a sculptural island bench, crafted from Vanilish Pearl marble, stands as a statement piece.

<a data-entity-type="file" data-entity-uuid="bac5e003-9ec8-452b-a461-79459c34cf30" href="/new-apartments/hampton-ltd-24-thomas-street-hampton-vic-3188"><img alt="Hampton Ltd" data-entity-type="" data-entity-uuid="" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Track%20Listing%20CTA%20template%20-%20landscape%20%286%29.jpg?VersionId=g9MKOSMQ6okcQ7JcN4GWNceHUFEGxy63" /></a>

The master bedrooms offer generosity of space and abundant natural light. They feature lush wool carpets, and an expansive walk-in wardrobe with feature timber-look joinery.

Spyre has more than $750 million of luxury developments under their belt in South East Queensland, across Brisbane and the Gold Coast.

Laruccia said the company was regarded in Queensland for having the foresight, and ability to conceive projects that enhance the “lifestyle wealth’’ of their residents and Spyre wanted to bring that vision to Melbourne.

“Spyre has identified a genuine demand in the market for aspirational properties that inspire through their design and innovation,’’ Laruccia said.

Spyre’s Moray House development on the New Farm reach of the Brisbane River broke the record for Brisbane’s most expensive apartment sale, when its two-level 800 square metre penthouse <a href="/news/qld/spyre-secure-15-75-million-brisbane-apartment-record-at-moray-house-new-farm-riverfront-development">sold off the plan for $15.75 million in January</a>.

In March last year, the penthouse of Spyre’s Glasshouse development at <a href="/news/qld/spyre-group-smash-queensland-apartment-record-with-20-million-burleigh-heads-penthouse-sale">Burleigh Heads on the Gold Coast sold for $20 million</a>, giving it the title of Queensland’s most expensive off-the-plan penthouse.

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Spyre Managing Director Daniel Laruccia, who hails from Victoria, said the company's ambition has been to extend the same level of design and innovation down south.



Spyre Group unveil first Melbourne apartment development, Hampton Ltd

Brisbane is set to see it's first sky garage, a term coined for garages that are located on the same level as the apartment, often reserved for only the premium residences at the top of the tower.

There's only a handful of examples of the rare inclusion across the world. They've been a custom feature in luxury high-rises in Dubai, Singapore and Miami.

Only one other project in the whole of Australia can boast a sky garage, the under construction <a href="/new-apartments/neue-grand-613-st-kilda-road-melbourne">Neue Grand on St Kilda Road</a>, which made headlines in 2018 when it announced it was creating a number of sky garages adjoining the living space.

Brisbane developer Spyre Group will be bringing the sky garage to their record-breaking <a href="/developments/new-farm-qld-4005">New Farm apartment development</a>, Moray House.

<img alt="Moray House" data-entity-type="file" data-entity-uuid="5aba67cf-fff3-469a-8c8c-2304467ad1db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-26%20at%2010.58.59%20am.png?VersionId=AgT3kxDs6rbLT1mt8DsJbLLujWXl0iHe" />

There will be two apartments with the sky garage feature. The residents of the apartments will&nbsp;be able to pull in off Moray Street, enter a remote-control operated car lift, and drive into their own garage in their apartments above the Brisbane River.

Once at their apartment’s level, residents will have the luxury of reversing from the elevator into their private sky garage, which can be viewed from the adjoining glass-walled gym.

The other two car spaces can be accessed by taking the car elevator down to the parking garage at the bottom of the development. The car journey from entering the vehicular lift to the basement is expected to be 18 seconds.

“The sky garage will appeal to luxury vehicle enthusiasts who want privacy as well as the additional security of garaging their car in their apartment rather than using regular basement parking,’’ Spyre director Andrew Malouf said.

[smartcode_project:default project_id=105057 project_image_fid=209769]

The six-residence development features views that frame the Story Bridge and follow the Riverwalk from Howard Smith Wharves to the Eagle Street precinct in the CBD.

Moray House has been described as “akin to living in a tree house’’ and features full floor length garden beds, allowing residents to express their individuality.&nbsp;

The exterior design communes with the surrounding Jacaranda trees and will take on different hues as the seasons change.

The interiors include the highest finishes of Chambord stone in a complex grain, European oak herringbone flooring and bespoke timber joinery. The chef-grade kitchens feature WOLF appliances an integrated Liebherr fridge and freezer and VZUG dishwasher.

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“Each apartment can be individually curated for the new owners with custom components that allow their homes to truly classify as ‘one of one’, Malouf added.

"These include a lap pool, sky garages, wellness rooms and personalised gyms."

Residence 6, an 800 sqm penthouse across two levels in Moray House, which features a roof garden, sold in January for $15.75 million, <a href="/news/qld/spyre-secure-15-75-million-brisbane-apartment-record-at-moray-house-new-farm-riverfront-development">breaking the record for Brisbane’s most expensive apartment sale</a>.

Residence 4 sold for $9 million to a couple who were relocating to <a href="/developments/brisbane-qld">Brisbane</a> from Sydney’s eastern suburbs.

The sale, which is the equivalent to $34,749 per sqm, is just below the $34,870 per sqm rate Spyre achieved in March with the $13.6 million sale of the penthouse of its luxury <a href="/developments/toowong-qld-4066">Toowong development</a>, Arc, then setting the off-the-plan record for <a href="/developments/brisbane-qld">Brisbane</a>.

Spyre has appointed Contrast Constructions to build Moray House, which is expected to take around 14 months to complete. Demolition is currently underway

With demolition underway on the site at 65 Moray Street, Spyre has appointed Contrast&nbsp;Constructions as builder of the development, which is expected to take around 14 months.

[smartcode_project_cta:default project_id=105057]

There's only a handful of examples of the rare inclusion across the world. They've been a custom feature in luxury high-rises in Dubai, Singapore and Miami.

Spyre Group to bring luxury-defining sky garage to Brisbane at Moray House

Brisbane-based South East Queenslander developer Spyre Group has secured another off the plan penthouse record.

Having broken the record for the most expensive apartment sale in the Gold Coast (and Queensland) last year when they sold the penthouse of their Burleigh Heads project Glasshouse for $20 million, Spyre has marked the same feat in Brisbane.

They've already sold the penthouse in their striking New Farm project Moray House, on the riverfront Moray Street in New Farm.

[smartcode_project:default project_id=105057 project_image_fid=209770]

The penthouse has 800 sqm across two levels, and will feature its very own sky garage. The sale equates to nearly $20,000 per sqm.

Simon Caulfield at Place Kangaroo Point sold the apartment to a couple who live on Moray Street.

Spyre Group Director Andrew Malouf says the bueau^proberts-designed development will&nbsp;solidify Brisbane’s status as a destination for prestige property.

[smartcode_project:default project_id=105057 project_image_fid=209775]

There are only six apartments in the architecturally-impressive, with prices starting from $9 million. The apartments have an average living space of 320 sqm.

“The starting price of $9 million owed itself to the development’s exceptional location and craftsmanship,” Malouf said.

“This property will be both a first and last of its kind.

“Each apartment can be individually curated for the new owners with custom components that allow these homes to truly classify as ‘one of one’. These include a lap pool, sky garages, wellness rooms and personalised gyms.”

[smartcode_project:default project_id=105057 project_image_fid=209774]

Moray House will feature natural materials that reflect the surrounding topography, elegant curves, stonework and cabinetry.

“While the design is breathtaking, the added appeal is the direct access to the Brisbane riverwalk and the views of the Story Bridge and city skyline from every residence.”

Spyre Group Design Manager Kent Pinel said Moray House residents would enjoy a home specifically built for sub-tropical living at an unrivalled location.

“It will present locals with a redefined vision of what a personal sanctuary ought to be,” Pinel said.

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The penthouse has 800 sqm across two levels, and will feature its very own sky garage. The sale equates to nearly $20,000 per sqm.

Spyre secure $15.75 million Brisbane apartment record at Moray House, New Farm riverfront development

The penthouse crowning Arc Toowong, the newest Brisbane development from prominent South East Queensland developer Spyre Group, will be one of the priciest ever developed in the Queensland capital.

Spyre are seeking $14.5 million for the luxury 700 sqm spread atop the striking riverfront project designed by bureau^proberts.

The developer will be shooting for back to back records with the Toowong penthouse, having earlier this year secured the biggest price for any Queensland apartment, both off the plan and established, at it's boutique Burleigh Heads project, Glasshouse.

Bureau^proberts, who also designed Glasshouse, were again tasked with creating a visually-unrepeatable development.

[smartcode_project:default project_id=112987 project_image_fid=201583]

The penthouse boasts&nbsp;100 metres of unobstructed river frontage across two floors, the largest river frontage for a multi-resident property in Brisbane. It comprises four bedrooms, including an expansive master which has&nbsp;180-degree views over the river and St Lucia, and a private ensuite with a separate wellness spa featuring a steam room and ice bath overlooking a tropical garden.

Spyre Group Design Director Kent Pinel said that every design choice of the two-level penthouse was curated to serve a distinctly Brisbane lifestyle for a discerning buyer who appreciates rarity, craftsmanship, and who seeks an enriching life.

“From the moment you enter, you quickly find there is little the apartment cannot do,” Pinel said.

[smartcode_project:default project_id=112987 project_image_fid=207942]

“Everything exists to elevate the residents’ level of living. You have the grand art gallery and open plan living space for the entertainer, the private studies for the work-from-home executive, the blank canvas gallery wall for the culturally curious, a 5-car private garage and basement recreation space, and a private spa for the wellness inclined individuals seeking to optimise their routine."

So far 90 per cent of the buyers have been downsizers from Brisbane's western suburbs.

"It’s a property for the locals” Pinel said.

[smartcode_project:default project_id=112987 project_image_fid=207939]

The most impressive feature of the penthouse is its private rooftop terrace, which offers 360-degree views over the Brisbane skyline, the river, Mt Coot-tha and St Lucia. It comes complete with a 20-metre pool, heated spa, private yoga green and an entertainer’s kitchen with subtropical landscaping wrapping the space.

The kitchen features tailored European appliances by V-Zug and an arbored island bench thermally moulded into a solid surface, a versatile man-made material.

“Arc is our opportunity to define the architectural difference in an emerging city that is truly subtropical, maybe the only one of its kind in the world, and the rooftop terrace is built to enrich this lifestyle,” Pinel added.

[smartcode_project:default project_id=112987 project_image_fid=201584]

“You can’t get the same architectural experience of the open rooftop, the river frontage, or the subtropical garden landscaping in places like Sydney, New York, even the Gold Coast, especially not for the price.

“Brisbane has the perfect subtropical climate for this lifestyle and we're pioneering to create a design standard unique to our river city.”

The 28 apartments, which start at around $3 million, are being marketed by YPM Group.&nbsp;

The sub-penthouse, the only other four-bedroom apartment in the development, has a $7.25 million price tag.

[smartcode_project_cta:default project_id=112987]

Spyre are seeking $14.5 million for the luxury 700 sqm spread atop the striking riverfront project designed by bureau^proberts

Brisbane's best penthouse? Spyre Group light up Toowong with ARC penthouse

The Gold Coast apartment market has been rocked with a $20 million sale, breaking every record in the Sunshine State.

The two-level penthouse in Glasshouse in Burleigh Heads, which features one of the most impressive rooftops money could buy, has sold for not only an apartment record (both of​f the plan and established) in the Gold Coast, but the whole of Queensland.

It&#39;s topped some of the best penthouses in Brisbane, and even the apartments that line Noosa&#39;s beachfront Hastings Street strip.

The penthouse, one of just three apartments in South East Queensland developer Spyre Group&#39;s dress circle project at 10 Goodwin Terrace, has been snapped up by an interstate buyer. They visited the impressive display suite, and intend to use the apartment as a holiday home.

[smartcode_project:default project_id=104773 project_image_fid=189485]

It&#39;s the speediness of the sale that has shocked property watchers and local developers with proper marketing only really taking place earlier this year. Even some of Sydney Harbour&#39;s biggest&nbsp;sales take years to find a buyer.

There hasn&#39;t been a development produced on the Gold Coast that has come close to finding a $20 million apartment buyer. It&#39;s a figure more associated the purchase of a prime development site, as opposed to one of the apartments in the development.

The penthouse,&nbsp;which spans 970 sqm of living space, an area more than five times the size of an average home, has two separate living spaces, four bedrooms across two levels, six bathrooms, a media room, infrared sauna, fire pit, outdoor bar, multiple outdoor dining and lounge areas, a gym, wine cellar and private five car garage.

The staggered rooftop has never-to-be-built-out views over Burleigh Heads Beach, and features its own private pool and spa deck. The rooftop was an important factor in the purchase, CBRE Residential Projects Senior Director Nicholas Clydsdale said. &quot;It&#39;s a perfect space to share with family and friends and create memories,&quot;&nbsp;Clydsdale said.

Clydsdale added that there were three big drivers for the purchase; the location, the finish, and of course the rooftop.

&quot;This location perfectly combines proximity and amenity with an unsurpassed connection to the natural surrounds, all while ensuring the privacy of a stand-alone home is retained in this impeccable residence,&quot;&nbsp;Clydsdale added.

[smartcode_project:default project_id=104773 project_image_fid=189487]

Spyre Group&rsquo;s director Andrew Malouf said the record sale is a crowning achievement for the company after laying plans last year to create in Glasshouse the ultimate coastal address in one of Australia&rsquo;s most sought-after locations.

&ldquo;We received a great deal of genuine interest in this property and the market was very accepting of the value proposition it presented,&rdquo;&nbsp;Malouf said.

&ldquo;It&rsquo;s a true reflection of what happens when a perfectly elevated, unrepeatable location is met with the very best of design detail and finish. To have a market so enthused by this level of offering is a great outcome and a call to where the Group is headed.&rdquo;

Glasshouse is the most exclusive project yet to be delivered by the Brisbane-based Spyre Group, which has had a stellar run of across six projects on the Gold Coast since 2018.

[smartcode_project:default project_id=104773 project_image_fid=188873]

The Burleigh Heads development comprises just three exclusive residences, each encased in floor-to ceiling glass to capture sweeping to capture the views across Burleigh Beach and north to Surfers Paradise.

The ground-floor apartment occupies the entire floor and features a lower-level terrace. Above will be the full-floor middle residence, with each of these lower residences delivering a commanding 300sqm of living space.

All three residences feature bespoke inclusions that have been likened to works of art, including custom handblown lights by SOKTAS and an impressive kitchen island bench and bathroom vanities which are crafted from Italian marble.

&ldquo;Each of these superb residences offer unrivalled style, scale and standard overlooking the Gold Coast&rsquo;s breathtaking coastal landscape,&rdquo;&nbsp;Malouf added.

&ldquo;The location is unique, iconic and without doubt the best place of anywhere in Australia to be delivering a project of this calibre to the market.&rdquo;

[smartcode_project:default project_id=104773 project_image_fid=188871]

Clydsdale&nbsp;said that Glasshouse Burleigh offers a new level of luxury within Australia&rsquo;s most desirable beachfront enclave, where every element has been refined to the highest possible standard.

&ldquo;The calibre of this sale validates Burleigh Heads as a world-class destination worthy of a world-class penthouse,&rdquo;&nbsp;Clydsdale said.

Glasshouse is the latest in a series of successful projects undertaken by Spyre Group since it ventured out of its home market in Brisbane four years ago.

Among its milestone achievements was the sale of a full-floor penthouse at the $57 million Cala Dei Coolangatta last year to a local family for $7.1 million.

The company has evolved into one of the leaders in luxury apartments developments, with multiple award-winning projects across the Gold Coast and Brisbane.

It is close to completion on the $77 million Natura Residences on the Burleigh Heads Esplanade which sold out in one weekend in early 2020. The project was also marketed by Clydsdale.

Spyre Group is currently progressing toward a construction commencement for Glasshouse which is expected to be completed in late 2023.

[smartcode_project_cta: project_id=104773]

The penthouse, one of just three apartments in South East Queensland developer Spyre Group's dress circle project at 10 Goodwin Terrace, has been snapped up by an interstate buyer

Spyre Group smash Queensland apartment record with $20 million Burleigh Heads penthouse sale

Rarely does a new adjective need to be created to define a project.

But such is the calibre of what the South East Queensland developer&nbsp;Spyre Group is offering at their latest Burleigh Heads apartment development, Glasshouse, the term &quot;hyper-luxe&quot; has been coined, and the boutique project of just three apartments certainly warrants the tag line.

No developer has gone as far as producing something quite as special as Glasshouse, which when completed will no doubt be the most expensive apartment project&nbsp;across the whole of the Gold Coast.

The two-level penthouse, with one of the most impressive private rooftops arguably in the country, could be the first Queensland apartment ever to&nbsp;break through the $20 million mark.

[smartcode_project:default project_id=104773 project_image_fid=189487]

The project, on the dress circle Goodwin Terrace in Burleigh Heads, which&nbsp;has been one of the most in demand apartment markets on the Gold Coast in the last 18 months, has been designed in collaboration with Bureau^proberts, whose brief from Spyre was simple yet impactful: &quot;Create the impossible.&quot;

&quot;This remarkable stretch of beachfront gave us astonishing design possibilities,&quot; Bureau^proberts Director Terry McQuillan said.

&quot;We knew we needed an architectural response that captured and amplified the natural qualities of this extraordinary place&mdash;something that was as distinctive and rare as the site itself. And we&rsquo;ve done that. We&rsquo;ve brought something stridently new to Burleigh Heads.&quot;

[smartcode_project:default project_id=104773 project_image_fid=189485]

Spyre Group Director Andrew Malouf says every element of Glasshouse is an impossible feat.

&quot;As a development firm committed to continued excellence and evolution, Glasshouse Burleigh presented Spyre Group with the opportunity to leave a permanent mark on not only the street scape of Goodwin Terrace, but to forever change boutique property development in the South East,&quot; Malouf said.

&quot;For Spyre Group, Glasshouse is the culmination of tireless years spent dedicated to the importance of place. The position of this impossible project is intrinsic in what makes it one completely beyond compare.

&quot;Three glass homes positioned perfectly on a land parcel that holds the most acclaimed beachfront status in Queensland.&quot;

Glasshouse comprises three four-bedroom apartments, targeting the high-end owner-occupier or holiday maker who doesn&#39;t want the maintenance of a grand home.

[smartcode_project:default project_id=104773 project_image_fid=188873]

Spyre designed the apartments with that in mind, offering around 300&nbsp;sqm of indoor and outdoor living space for the first and second level apartments, with the sprawling penthouse offering over 970 sqm of internal and external living area.

Each apartment has been designed to orientate the living spaces to the east, capturing the never-to-be-built-out views across the ocean. The entertaining starts from the kitchen, where there&#39;s the most impressive island bench, crafted out of natural materials.

Every fixture and finish has been hand selected by a leading design team focussed on the delivery of the art piece that is Glasshouse. Leading partners such as Gessi Tapware, Porcelanosa tiles, Wolf Appliances, and custom handblown lights by SOKTAS culminate to deliver the residences.

[smartcode_project_cta: project_id=104773]

Spyre Group Director Andrew Malouf says every element of Glasshouse is an impossible feat.

When luxury is redefined: What Spyre Group is producing at Glasshouse, Burleigh Heads apartments

The apartment redevelopment of the Hotel Komune Resort, at Coolangatta&#39;s Greenmount Beach, is set to begin.

Construction is slated for September at the already sold-out project by the Brisbane-based Spyre Group, who secured sales of all of the 30 apartments in just four weeks earlier this year.

It achieved an average sale price of $1.9 million, with prices rising as high as the penthouse which sold for $7.1 million.

It fell some way short of the area penthouse record, which is categorized in this market as south of Mermaid Beach, to not include the established high-rise developments in Surfers, Broadbeach&nbsp;and Main Beach.

David Calvisi&#39;s FORME Projects holds that mantle, securing a $9 million sale of the penthouse in his Koichi Takada-designed Norfolk at Burleigh Heads. The luxury development, which saw the bulk of its sales two years ago, well before the COVID-enduced boom in the area, also saw two further apartment sales at $8.5 million.

With the same team as Norfolk, and less than a kilometre away, FORME&nbsp;are set to launch 96 The Esplanade, with locals suggesting the penthouse could be priced around the $15 million mark.

[smartcode_project:default project_id=99968 project_image_fid=159159]

Paul Geddoun&#39;s S&amp;S Projects recently sold the two-level penthouse in Awaken at Rainbow Bay for $8.15 million.

<a href="/news/qld/first-look-spyre-group-lodge-exclusive-burleigh-heads-apartment-development">Read more:&nbsp;First look: Spyre Group lodge exclusive Burleigh Heads apartment development</a>

Hutchinson Builders, Australia&#39;s largest privately owned construction company, will deliver Spyre&#39;s&nbsp;$57 million project, which will rise 12 storeys on its Marine Parade dress circle address. The old Hotel Komune building has been demolished.

It is expected the development will be completed in the first quarter of 2023.

&ldquo;We are thrilled to have Hutchinson&rsquo;s on board to deliver our latest Gold Coast project following the extraordinary sell-out,&rdquo; Spyre Group Director Andrew Malouf said.

&ldquo;Cala Dei will transform the pristine beachfront site from a boisterous hub into a serene collection of residences to accommodate a new generation of Coolangatta locals,&rdquo;&nbsp;Malouf added.

&ldquo;Given that the southern Gold Coast appeal is higher than ever, we are excited to start bringing this collection of ultra-desirable homes to life.&rdquo;

[smartcode_project:default project_id=89840 project_image_fid=171556]

The Coolangatta market has gone from strength to strength over the last six months.

Miles Residences, by KTQ Group, smashed their sales targets when they launched their redevelopment of the Kirra Beach Hotel late last year.

The most recent development is The Emerson, developed by the Melbourne-based&nbsp;Hirsch &amp; Faigen, who are behind the Palm Beach apartment project Hemingway.

It achieved an average sale price of $1.9 million, with prices rising as high as the penthouse which sold for $7.1 million

Construction to start at Cala Dei, the redevelopment of Coolangatta's Hotel Kommune

The South East Queensland developer Spyre Group has lodged plans for their most boutique project yet on the Gold Coast.

Having spent around $11 million on 10 Goodwin Terrace, Burleigh Heads, earlier this year, the Andrew Malouf-led developer has filed for an exclusive collection of just three apartments on the near beachfront site.

Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is crowned by a two level penthouse with its own private rooftop pool.

&ldquo;10 Goodwin Terrace brings something new to the long-established coastal neighbourhood of Burleigh Heads,&rdquo; the design statement from bureau^proberts suggests.

<img alt="" height="814" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/spyre_4.jpg" width="1200" />

&ldquo;It resolves a form and envelope that achieves transparency where maximum exposure is required and shelter where refuge is called for. Demonstrating a deep understanding of the qualities of this site, the architecture creates an expression that honours a coastal landscape and reinforces a sense of belonging to its place.&rdquo;

There was a pre-lodgement meeting with the Gold Coast City Council where a six level development was discussed, however despite the height of adjoining towers, the council considered the building height to represent a departure from the medium density residential zone code and the strategic framework.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/spyre_5.jpg" width="1200" />

Spyre&nbsp;went away and came back with just the three apartments, each with a density of one bedroom per 60 sqm.

Goodwin Terrace has been popular for boutique apartment developments. The local developer&nbsp;FORME, led by managing director David Calvisi, recently sold out Luna, at 50 Goodwin Terrace. Those apartments had a starting price of $4.1&nbsp;million.

FORME also sold out&nbsp;Norfolk, designed by Koichi Takada Architects, at 46 Goodwin.

<a href="/developments/gold-coast-qld?source_news_article_id=104762&amp;ref=news_body_link"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_20.jpg" width="1200" /></a>

Spyre have had success locally too, with their sold-out Natura development located around the corner on The Esplanade. More recently Spyre&nbsp;sold out their Coolangatta apartment development Cala Dei in just four weeks.&nbsp;

The&nbsp;collection of 31 two and three-bedroom residences sold for an average of $1.9 million, with 11 sales recording a purchase price over $2.5 million.

Design Statement

10 Goodwin Terrace, Burleigh Heads is an expression of the natural landscape - suspended between an ancient, rugged headland and endless, glassy ocean. Drawing parallels to the topography of Burleigh Headland, the building form steps in unison with the topography. The architectural envelope echoes the ephemeral quality of the ocean with a rippling surface of fluted glass enclosing eastern and western sides. Three whole-floor apartments frame the panorama of rolling sands and Coral Sea that stretches north from this place of unrivalled aspect and outlook.&nbsp;

While the architecture explores an expression that abstracts and champions an exhilarating coastal location, the development is committed to making an enduring contribution to the street and neighbourhood of Burleigh Heads. This will be achieved through carefully considered street and boundary interfaces and a commitment to an architectural and landscape expression that honours this place of natural beauty. For residents of the development, the architecture will create a sanctuary that amplifies the divine qualities of this location &ndash; drawing inside, the sound of waves, salt-laden breezes and tempered, sub-tropical sunlight.&nbsp;

The interior realm explores an experience that presents in trilogy. It is distinguished by open, invited, and private realms which draw distinctive parallels to the open expanse of the ocean, the intermediary shoreline, and the sanctuary found in the refuge of the landscape. This linear sequence, connecting living spaces overlooking the shoreline to private retreats nestled into the foothills of Burleigh Heads, captures the full spectrum of the building&rsquo;s distinctive, spatial experience.&nbsp;

<img alt="" height="729" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/spyre_2.jpg" width="1200" />

On the rooftop, the ambition to create a habitable, formed landscape is legible in the expression of cascading pools and terraces. Natural landscape is interwoven to create shade and ground the experience in this place of elevation. Smaller gardens take seed in the crevices of the fa&ccedil;ade where the fluted shell of the east and west fa&ccedil;ade merge to become solid panels encasing the southern edge.

Landscape is further sown into sculptural gardens framing the edges to balconies. Mature, native landscape is introduced at street level to create inviting spaces for the public realm.&nbsp;

<img alt="" height="628" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/spyre_rooftop.jpg" width="1200" />

10 Goodwin Terrace brings something new to the long-established coastal neighbourhood of Burleigh Heads. It resolves a form and envelope that achieves transparency where maximum exposure is required and shelter where refuge is called for. Demonstrating a deep understanding of the qualities of this site, the architecture creates an expression that honours a coastal landscape and reinforces a sense of belonging to its place

[smartcode_project_cta: project_id=104773]

Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is crowned by a two level penthouse with its own private rooftop pool

First look: Spyre Group lodge exclusive Burleigh Heads apartment development

With the recent sell-out of Cala Dei, luxury Gold Coast buyers are looking at the remaining stock in other recently announced off-the-plan developments.

Brisbane-based developer Spyre Group stunned the market with a sell-out of Cala Dei at Greenmount just four weeks after its online launch.

&ldquo;It&rsquo;s definitely solidified our commitment to the Gold Coast, and due to the nature of Cala Dei&rsquo;s sell out we have proceeded to acquire a further two beachfront sites that we intend to launch in the second half of this year,&rdquo; said Spyre Group director Andrew Malouf.

<a href="/developments/gold-coast-qld?source_news_article_id=101655&amp;ref=news_body_link" target="_blank"><img alt="" height="797" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gc_newest_tile_jpeg_3_0.jpeg" width="1200" /></a>

Situated at Coolangatta, the exclusive collection of two and three-bedroom residences sold for an average of $1.9 million, with 11 sales recording a purchase price over $2.5 million.

The penthouse, which sold for $7.1 million to a local family, is the second highest price ever fetched for an apartment south of Mermaid Beach.

The majority of residences were sold to local buyers from South-East Queensland, attributing 55 per cent of the sales, while 42 per cent of apartments sold to interstate buyers. Just one apartment was sold to an international buyer from Singapore.

<h2>Other luxury developments on the market in the Gold Coast</h2>

The hunger for high-end living in pristine positioning is as fierce as ever, especially on the Gold Coast.

Luxury developments are popping up all over the coastal city as demand increases for residences with water views and luxury resort-style facilities.

In just the last week, Urban reported that <a href="/news/qld/summit-110-on-broadwater-approaching-sell-out">Summit 110, the Broadwater development from Centa Property Group, is also approaching sell-out</a>.

But in case you&#39;ve missed out on Cala Dei, here are a few of our favourite new luxury developments on the Gold Coast:

1. <a href="/buildings/one-cannes-1-cannes-avenue-surfers-paradise">One Cannes</a> 
Address: 1 Cannes Avenue, Surfers Paradise QLD 4217 
Three-bedroom apartments from $1,000,004

[smartcode_project:default project_id=97810 project_image_fid=159844]

Developed by Marquee Development Partners, One Cannes is the latest residential tower from the group in the Gold Coast&rsquo;s Surfers Paradise.

Just 10 days after launching their development, 65 per cent of the apartments snapped up with over $55 million worth of sales in the week and a half.

Designed by Plus Architecture, the tower features 78 two, three and four-bedroom apartments, floor-to-ceiling windows and water views showcasing the beauty of the Gold Coast.

The development&rsquo;s business lounge, boardroom and meeting rooms were inspired by Qantas&rsquo; first class lounges.

2. Shoreline 
Address: 61 Old Burleigh Road, Surfers Paradise QLD 4217 
Three-bedroom apartments from $1,369,900

[smartcode_project:default project_id=22057 project_image_fid=150842]

Another development from Marquee, Shoreline is another brand-new Surfers Paradise tower set to be created by the Queensland development group.

The boutique development features 27 half-floor apartments, the size of an average new house, with an abundance of storage.

Located in an ideally positioned pocket between Broadbeach and Surfers Paradise, the residence is just five minutes from the Broadbeach Surf Club.

Designed by BDA, Shoreline features a fluid design inspired by curling waves of the beach, European style spa, sauna and shower, magnesium pool and a gym with reformer pilates and barre.

3. <a href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island">Chevron One</a> 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
Two-bedroom apartments from $1,175,000

[smartcode_project:default project_id=6515 project_image_fid=68832]

Comprising 236 one, two and three-bedroom apartments, Bensons Property Group&rsquo;s Chevron One stands as an iconic landmark in Surfers Paradise.

Rising 40 floors, the stylish high-rise features an organic sculptural form and rotating geometry that maximises views.

With close to 2000sqm of resort-style amenities, residents will enjoy Chevron&rsquo;s intuitive design and numerous facilities.

Designed by Marchese Partners, these amenities include a residents&rsquo; lounge, floating cinema, dining facilities and sculpted garden.

With the recent sell-out of Cala Dei, luxury Gold Coast buyers are looking at the remaining stock in other recently announced off-the-plan developments

max.kwok_55688

Luxury Gold Coast apartments to watch if you missed Spyre Group’s sold-out Cala Dei at Greenmount

The south east Queensland&nbsp;developer Spyre Group have officially launched Cala Dei, their newest apartment block in Coolangatta.

Cala Dei, which will replace the Komune Resort on Marine Parade, will comprise 31 apartments across its 12 levels designed by&nbsp;bureau^proberts. It will sit in landscaping by CUSP.

<img alt="" height="981" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/144_marine_parade_coolangatta_2000.jpg" width="1600" />

Prices start from $779,000 for one of the 90 sqm, two bedroom, two bathroom apartments, which come with a parking spot.

<img alt="" height="1038" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cala_dei_4.jpg" width="1800" />

There are further two bedrooms priced at $889,000 and $999,000, the latter is located on the ninth level.

The three bedroom apartments start from $2,575,000 and span 280 sqm. They have four bathrooms and an open plan kitchen, living and dining space that opens to a beachfront balcony.

<img alt="" height="930" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cala_dei_1.jpg" width="1800" />

The priciest offering is $3,249,000 for the sub-penthouse positioned on the north-east corner of the development. The two penthouse apartments, each with their own private rooftops, are yet to be released.

Spyre Group bought the 862 sqm Marine Parade&nbsp;site from a company directed by Komune Resort owner Anthony Cannon and Fitness First founder Tony de Leede.

After spending the better part of a decade focusing on developments in Brisbane, Spye Group director Andrew&nbsp;Malouf sees the Gold Coast market shaping up as a long-term proposition for the company.

<img alt="" height="1163" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cala_dei_2.jpg" width="2000" />

&ldquo;The challenge always starts with securing the right site, and we&rsquo;ve been fortunate on the Gold Coast over the past few years targeting only the best beachfront sites in each area, especially with our latest acquisition at Coolangatta,&rdquo; he said.

&nbsp;&ldquo;The Gold Coast&rsquo;s natural environment may be what attracts people in the first place but creating luxury residences at this level provides a reason for many to stay.

&ldquo;The market is well supported by locals and increasingly by interstate buyers, and remarkably we see that trend continuing for some time.&rdquo;

&nbsp;

Spyre Group

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