Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sunshine Coast

The prominent Sunshine Coast developer, Cube Developments, has bolstered its 2022 pipeline, securing four super lots in the growing Bir​tinya area.

The near 9,000 sqm Cardinal Place site will host up to 245 apartments, adding a further $100 million to Cube&#39;s Birtinya portfolio.

Cube Developments Director Scott Juniper said that he expected the new sites to relieve the pressure currently experienced in the Sunshine Coast housing market.

&ldquo;Our commitment to the Sunshine Coast is resolute and has culminated in a site where we can rapidly cater to the strong demand that we&rsquo;re experiencing,&rdquo; Juniper said.

&ldquo;For us, Birti​nya was the perfect location - it&rsquo;s one of the fastest growing suburbs on the coast and the site itself is nestled in the Birtinya Business Village, adjacent from the Town Centre and of course benefitting from stunning Lake Ka​wana with its waterfront vantage.

&ldquo;The property is just 20 minutes from Marooc​hydore and Cal​oundra, 30 minutes from the Sunshine Coast Airport and just over an hour to land you in Brisbane CBD.&rdquo;

Cube&#39;s already solid Birtinya portfolio includes&nbsp;Seasons by Birtinya, a three-tower, 146-apartment project in its second stage release.

[smartcode_project:default project_id=106957 project_image_fid=184863]

That&#39;s proved popular with&nbsp;first home buyers and investors, who were been attracted to&nbsp;the affordable $499,000 entry point for a two-bedroom apartment in the Cottee Park-designed development.

Juniper said there was significant interest due to&nbsp;the project&#39;s plethora of amenities and location.

&ldquo;We&rsquo;ve witnessed strong uptake from both first home buyers and investors who are drawn to Seasons&rsquo; amenities, which provides incredible value for money given the price point,&quot; Juniper says.

[smartcode_project:default project_id=106957 project_image_fid=184875]

&ldquo;All while being located in the heart of it all,&nbsp;Bir​tinya&nbsp;is really starting to come into its own; residents will enjoy waterfront vistas, beach access is just moments away and as it is a relatively new suburb, it has fantastic infrastructure to cater to demand.&rdquo;

Amenities include outdoor BBQ and gathering spaces, private dining room, lounging areas, sun decks, a 25-metre lap pool, fully equipped gym, yoga studio, spa and sauna.

Cube also has the&nbsp;50 sold-out lakeside residences at One Prosperity and the completed, 55-dwelling Curve project.

Cube has recently delivered Beach Life at Alexandra Headland project Beach Life, which settled at the start of this year, and its boutique Mooloolaba project Picasso is due for completion by mid next year.

Cube Developments Director Scott Juniper said that he expected the new sites to relieve the pressure currently experienced in the Sunshine Coast housing market

Cube Developments set for further Birtinya apartment development

The prominent Sunshine Coast developer, Cube Developments, has lodged plans for its latest apartment development.

They&#39;ll be creating Oasis Apartments, just 56 apartments across three buildings at Bokarina Beach, a site they acquired earlier in the year.

At the time of purchase, Cube Director Scott Juniper said the&nbsp;3,215 sqm block, located between Calounda and Mooloolaba and adjacent to&nbsp;Bokarina Beach, was earmarked for a six level apartment building of up to 75 apartments.

<a href="/new-apartments/oasis-apartments-bokarina-25-kombi-street-bokarina">To keep up to date with the development and its launch, enquire here</a>

But Juniper wanted to go the other way, planning something more boutique which would offer&nbsp;a point of difference to the other developments in the masterplan.

<img alt="" height="657" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/oasis_apartments_bokorina_3.jpg" width="1200" />

&quot;Three of the five sites nearby are under construction and are quite large scale, large built form projects, some with over 100 units,&quot; Juniper said, adding that those developments will have ground floor activation.

&quot;We&#39;re looking to go boutique, with larger format units, and really build to the strength of what&nbsp;Bokarina has become,&quot; Juniper said.

<a href="/new-apartments/oasis-apartments-bokarina-25-kombi-street-bokarina">To keep up to date with the development and its launch, enquire here</a>

They had local architect Cameron Sheedy put together the plans for the 56 apartments, a maximum of four apartments per level. Each building rises six storeys.

There are six two-level penthouses, each with at least three-bedrooms plus a multipurpose room. The biggest penthouse has four bedrooms. They range from 160 sqm to 242 sqm, and feature their own rooftop terraces with a private lap pool.

They had local architect Cameron Sheedy put together the plans for the 56 apartments.

Cube lodge $75 million plans for Oasis Apartments at Sunshine Coast's Bokarina Beach

A wave of local and interstate high-rollers have pinpointed the Sunshine Coast apartment market, with the local apartment developer, Cube Developments, seeing huge success at their&nbsp;Maroochydore apartment development, Nature by Cube.

Over three quarters of the luxury development has sold since it achieved development approval in August, totalling $32 million worth of sales to date.

Nature by Cube, on the dress circle The Esplanade,&nbsp;was pinned for 13 luxury apartments across eight-levels, crowned by an expansive 475 sqm penthouse.

But buyers have been keen on replicating the penthouse scale and level of luxury across the lower levels, combining two apartments to create the bigger space, with six bedrooms being combined.

[smartcode_project:default project_id=89721 project_image_fid=172109]

Cube Developments Director Scott Juniper says&nbsp;that buyers are moving to the area and are looking to maintain inner-city luxuries alongside a post-COVID lifestyle shift.

&ldquo;Buyers are seeking to achieve the best of both worlds - the open-air and relaxed lifestyle that the Sunshine Coast offers, coupled with a high-end home that is on par with their Brisbane,&nbsp;Sydney or Melbourne residence,&rdquo; Juniper said.

&ldquo;We&rsquo;re meeting the need with a flexible design and build model that is culminating in homes that are far from cookie cutter and truly bespoke; we&rsquo;re creating something that you&rsquo;ve never seen before.&rdquo;

The mega-apartments span full floors and will feature&nbsp;seven-metre frontage living with enormous semi-outdoor entertaining and kitchen spaces, as well as two dining areas, a private wine cellar, beverage service bar and multiple home offices.

[smartcode_project:default project_id=89721 project_image_fid=172105]

The penthouse was secured&nbsp;for nearly $7 million.

Architecture firm Cottee Parker designed the development, with Juniper&#39;s brief simple: &#39;We want the best the Sunshine Coast has ever seen.&#39;

Cottee Parker Director Sandra Browne said the expansive design of the sky home has been fashioned to retain waterfront views across the master bedroom and communal living spaces, with an architectural spec which has not yet been seen on the Sunshine Coast.

[smartcode_project:default project_id=89721 project_image_fid=172106]

&ldquo;This is the largest penthouse that we&rsquo;ve been part of creating in the area, and is within the top of Cottee Parker&rsquo;s national portfolio in terms of its sheer size,&rdquo; Browne said.

&ldquo;We have certainly taken advantage of this to capture the views - which are nothing short of spectacular, and maximise the frontage over the water.&quot;

Only three apartments at Nature by Cube remain, and are priced from $2.95 million.

[smartcode_project_cta: project_id=89721]

Nature by Cube was pinned for 13 luxury apartments across eight-levels, crowned by an expansive 475 sqm penthouse

Maroochydore apartments snapped up at Nature by Cube as buyer's seek amalgamated mega-apartments

A record $16.1 million was paid at auction for a luxury Noosa apartment.

It was the top selling auction result among the 669 apartment auctions held over the past week, according to CoreLogic, which put the national success rate at 70 percent.

There was a national $807,000 median apartment sale.

There were the four phone bidders at the auction of the three-level Hastings Street apartment, located within the late 1980s Hastings Park complex.

Friday afternoon&rsquo;s auction was held by Tom Offerman Real Estate.

The four-bedroom, four-bathroom apartment came with northerly views to Little Cove and First Point.

<img alt="" height="789" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hastings_st_2.jpg" width="1200" />

It has been tightly held having last sold in 2004 at $4.5 million, and before that for $790,000 in 1993.

It was among the last sold in the 1989-built terraced complex of nine apartments.

Designed by John Dimitriou Architects (JDA), the terraced complex took four years to sell out for its Noosa Heads developer Brian Wood.

&ldquo;Apartments of this calibre commanding such presence, rarely come to market,&rdquo; noted selling agent Rebekah Offerman.

&ldquo;Hastings Park&rsquo;s history of back-to-back year-round bookings makes this a judicious one-off investment opportunity,&rdquo; she added.

<img alt="" height="784" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hastings_st_3.jpg" width="1200" />

Its peak season nightly rate has been $3100.

The price surpassed the previous record Noosa apartment sale of $14m in February last year elsewhere on Hastings St.

The Queensland auction apartment record was set this year at $15.25 million when the Soul penthouse at Surfers Paradise went to May auction.

The Noosa LGA has clocked over 70 apartment sales over $2m so far this year, compared to 55 apartment sales over $2m last year, above the 41 secured during 2019, according to CoreLogic.

The Noosa LGA has had over 70 apartment sales over $2m so far this year

jchancellor-FAypfDUnLy

Record $16.1 million luxury Noosa apartment auction

The Sunshine Coast developer, Cube Developments, has lodged plans for its latest coastal development, dubbed Harmony.

Cube, led by director Scott Juniper, is seeking to create a resort-style apartment development in Alexandra Headland, tabling plans to the Sunshine Coast Council for three seven-level buildings&nbsp;at 8 Mari Street, which will home 109 apartments.

Modulus Architects has drawn up the plans which will be centred around a swimming pool and set in landscaping by FORM Landscape Architects.

There will be just two and three-bedroom apartments,&nbsp;

<img alt="" height="693" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/harmony_by_cube_2.jpg" width="1200" /> 
One of the sleek towers. Image credit: Modulus Architecture

Modulus advise in their design statement that the apartments have been designed with sub-tropical Queensland living in mind; providing expansive living zones opening out to external balconies, whilst offering zones for relaxation and&nbsp;privacy.

&quot;Nestled amongst the trees, the sculptural form of Harmony rises above the treetops to encompass the panoramic view of the Pacific Ocean.

&quot;External balconies are wrapped and enveloped by a sculptural exo-skeleton reminiscent of the internal structures of marine elements such as coral and shells.&quot;

<img alt="" height="702" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/harmony_by_cube_3.jpg" width="1200" /> 
The towers will sit side by side on Mari Street. Image credit: Modulus Architecture

Harmony will be Cube&#39;s&nbsp;second development in Alexandra Headland after Beach Life, at 120 Alexandra Parade, which sold out all of its 55 apartments.

Cube recently secured a sell-out of their Mooloolaba development, Picasso, and currently have in market Seasons Birtinya.

Modulus Architects has drawn up the plans which will be centred around a swimming pool and set in landscaping by FORM Landscape Architects

Cube Developments lodge plans for Alexandra Headland apartment project, Harmony

Construction is ramping up at the sold-out Mooloolaba apartment development, Picasso.

The project, by the local Cube Developments, has just completed the second level of the seven-level development, which is hoping to have a roof on by Christmas.

Construction is expected to complete at the start of next year, with settlements forecasted for Q1 2022.

[smartcode_project:default project_id=8370 project_image_fid=180893]

Picasso is another case of the interstate buyers dominating sales in the area.&nbsp;Only two or three buyers hailed from the Sunshine Coast, Cube Developments Director Scott Juniper said.

&quot;The majority of sales have been outside the local region, with around 30 per cent coming from interstate so far&quot;, Juniper added.

[smartcode_project:default project_id=8370 project_image_fid=180895]

The mid-year sell-out was quicker than Cube expected.

Juniper puts it down to the product and the lack of stock.

&quot;There are&nbsp;no new apartments selling in Mooloolaba, so this was a big draw-card, as a&nbsp;rare opportunity for buyers to purchase new in the area,&quot; Juniper says.

[smartcode_project:default project_id=8370 project_image_fid=180894]

&quot;The large modern apartments set&nbsp;Picasso apart from the market.&quot;

The $12.5 million development,&nbsp;a stone&#39;s throw from&nbsp;Mooloolaba Esplanade, comprises 12 apartments across seven storeys.

The interstate trend is one the Cube team are also seeing&nbsp;at their luxury Maroochydore project Nature, where buyers a wave of local and interstate high-rollers are wanting to&nbsp;maintain inner-city luxuries alongside a post-COVID lifestyle shift.

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&ldquo;Buyers are seeking to achieve the best of both worlds - the open-air and relaxed lifestyle that the Sunshine Coast offers, coupled with a high-end home that is on par with their Brisbane,&nbsp;Sydney or Melbourne residence,&rdquo; Juniper said.

Nature by Cube, on the dress circle The Esplanade,&nbsp;was pinned for 13 luxury apartments across eight-levels, crowned by an expansive 475 sqm penthouse.

But there&#39;s been interest in amalgamating apartments on the lower levels, to match the same size of the penthouse.

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Construction is expected to complete at the start of next year, with settlements forecasted for Q1 2022

Cube Developments advance construction on sold-out Mooloolaba apartment development, Picasso

The busy Sunshine Coast developer Cube Developments has seen an unprecendented uptake in apartments over the last six weeks, securing nearly $16 million in sales in their Birtinya apartment development, Seasons.

The keenest buyers have been first home buyers and investors, who have been attracted to&nbsp;the affordable $499,000 entry point for a two-bedroom apartment in the Cottee Park-designed development.

There&#39;s been 25 sales in the past six weeks or so in the first stage release. Now Cube are looking at launching stage two.

Scott Juniper, Cube&#39;s director, said buyers have been attracted to the project&#39;s plethora of amenities and location.

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&ldquo;We&rsquo;ve witnessed strong uptake from both first home buyers and investors who are drawn to Seasons&rsquo; amenities, which provides incredible value for money given the price point,&quot; Juniper says.

&ldquo;All while being located in the heart of it all, Birtinya is really starting to come into its own; residents will enjoy waterfront vistas, beach access is just moments away and as it is a relatively new suburb, it has fantastic infrastructure to cater to demand.&rdquo;

Amenities include outdoor BBQ and gathering spaces, private dining room, lounging areas, sun decks, a 25-metre lap pool, fully equipped gym, yoga studio, spa and sauna.

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&ldquo;Purchasers have also been eager to secure something in today&rsquo;s market as opposed to bidding it out at auction and being overpriced,&quot; Juniper added.

&ldquo;A perfect example is the latest Birtinya home that saw 16 bidders partake in front of a packed street. Buying off the plan allows purchasers to secure today&rsquo;s market rate, which is likely to only increase as demand for this suburb soars.&rdquo;

Cube commissioned Timothy Birch Studio to install a large scale public art that scales the sides of the building, which has been another drawcard for buyers.

Fusing architecture, materiality and art, the installation will scale&nbsp;tower one and tower two, spanning up to seven stories.

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There's been 25 sales in the past six weeks or so in the first stage release. Now Cube are looking at launching stage two

First home buyer and investor demand soars at Cube Developments Birtinya apartment project, Seasons

The Sunshine Coast developer Cube Developments have been given sign off by the local council for their boutique Cotton Tree, Maroochydore apartment development, Nature by Cube.

The 12 luxury apartments at 49 The Esplanade, on the&nbsp;Maroochydore coastline, has already seen huge buyer interest, with nearly half of the apartments already sold.

Nature is catering for pent up demand for luxury beachfront living since the mass northerly migration to the Sunshine Coast.

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2020 saw Queensland undergo its&nbsp; biggest population boom in 16 years, with 30,000 people relocating to the Sunshine State.

Scott Juniper, director of Cube Developments,&nbsp;said the Cottee-Parker designed project is attracting buyers wishing to maintain a high-end, highly connected lifestyle in a home that is on par to their Sydney and Melbourne residences.

&ldquo;There is a real upmarket quality to the area of Cotton Tree, and it&rsquo;s all on Nature&rsquo;s doorstep - from the parklands, aquatic centre, retail on one side, sports activity on the other - it&rsquo;s all a stone&rsquo;s throw away,&rdquo; Juniper said.

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Juniper told&nbsp;Cottee Parker Architects&nbsp;to deliver&nbsp;the best the Sunshine Coast has ever seen.&nbsp;

&ldquo;While remaining connected, the site itself maintains a high level of exclusivity and privacy, being less built up than other areas and with fewer neighbours.

&quot;Maroochydore is currently undergoing a large urban renewal process, with the development of the &lsquo;Maroochydore City Centre&rsquo; business precinct and $2.5 billion of private sector investment that will help to re-energize the area and develop a thriving and vibrant community.

&ldquo;This will all contribute to an enviable offering in this coastal pocket, further amplified by the Sunshine Coast airport, which will assist jetsetters even further as air travel opens up.

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&ldquo;With little more than a handful of residences left - certainly not enough to satisfy the demand we&rsquo;re seeing come through - we&rsquo;re seeing snap decisions made to avoid missing out,&rdquo; he said. Nature by Cube is priced from $2.95 million.&nbsp;

Cube are well known in the area for their quality developments. They&#39;re currently selling Seasons in Birtinya, a&nbsp;much more budget-conscious apartment development in&nbsp;Birtinya.

They&#39;re planning a boutique project at Bokarina Beach, located between Calounda and Mooloolaba and adjacent to&nbsp;Bokarina Beach.

Read more:&nbsp;<a href="/news/qld/cube-developments-plan-oasis-boutique-apartment-development-at-bokarina-beach-sunshine-coast">Cube Developments plan boutique apartment development at Bokarina Beach, Sunshine Coast</a>

Cube Developments get green light for luxury Cotton Tree, Maroochydore apartments

The masterplanned community&nbsp;Azure, in Forest Glen in the Sunshine Coast region, is set to have a number of rainforest-style villas bookend its mini-masterplan.

Developer Michael Cullen&nbsp;has lodged plans for 15 boutique villas in the Owen Creek Road development, which when completed&nbsp;will comprise of six stages across 20-acres, with communal parks, walking tracks and large open spaces.

Cullen has had Paul Butterworth Architect draw up the plans for the villas which will&nbsp;sit on blocks of land ranging from 164 sqm to 504 sqm. There are four different styles of villas, each having three bedrooms.&nbsp;

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There will be villas at the other end of the townhouse community, which has 90 lots ranging from 195 sqm to 391 sqm. Buyers will have the option of building their own home, or buying as part of a house and land package.

Town Property sales agent Craig Morrison has been marketing the sought-after estate.

Last year, in the midst of the COVID-fuelled demand for the area, Morrison sold the first stage of the development, 21 lots, in one weekend when it launched.

There&rsquo;s now just a handful of lots remaining, starting from $365,000.

There will be villas at the other end of the townhouse community, which has 90 lots ranging from 195 sqm to 391 sqm

Sunshine Coast land development Azure set for rainforest villa collection

The local Sunshine Coast developer&nbsp;Habitat&nbsp;Developments are set for a 200-apartment development on the Maroochy River.

Habitat, led by director Cleighton Clarke, has lodged plans with the Sunshine Coast Council for St Clair Apartments at 930 &amp; 931 Birtinya Boulevard, located directly adjacent to Lake Kawana.&nbsp;

There will be 100 apartments in each eight-level building, made up of 46 two-beds, 119 three-bedroom apartments, making up 60 per cent of the development, and 35 four-bedroom and penthouse apartments.

Habitat Development Group managing director Cleighton Clark said they are excited about the project and look forward to Habitat playing its part in the growth and evolution of the Birtinya lakeside precinct.

"There’s already been some exciting momentum created by Stockland and other strong local developers," Clark said, adding that the Birtinya precinct was awarded the 2020 National UDIA Award for Master-planned Development.

K Architecture designed the buildings which curve in sync with each other, and are separated by a walkway to the water.

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Each building will rise eight levels from the ground, with a further two-levels of basement parking which will hav over 400 parking spaces.

“St Clair has a really elegant design and will capitalise on its prime waterfront location," Clark said.

"This prime waterfront development promises stunning ocean views and across Lake Kawana to the east as well as committed green space to the west."

There will be 13 apartments on each level, apartment from the ground floor which will have 12 and level eight which will have 10.

Some of the bigger penthouse-style apartments have over 50 sqm plus outdoor space, with a handful of courtyard apartments&nbsp;with over 90 sqm of gardens.

The ground floor homes the amenity, including a 25 metre swimming pool, communal dining room and a games and play lawn. The rooftop terrace will have seating and dining areas.

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Habitat are hoping the project will start in mid to late 2022, and will be completed in Q1 2024, pending approval.

Habitat recently sold out&nbsp;their $83 million&nbsp;Maroochydore&nbsp;project Market Lane, and are set to launch another Maroochydore&nbsp;project, The Corso, next year.

Clark said his enthusiasm for the Sunshine Coast has been reinforced by the strong market interest in Habitat’s existing projects under construction which are all completely sold out.

“We’ve been building on the Sunshine Coast for the past 16 years and this is the most buoyant market I’ve ever seen," Clark said.

“Rental vacancy rates have been low on the Sunshine Coast for a number of years, but vacancy is incredibly tight and we’ve witnessed very strong rental growth in the last year. Apartments are renting for 20% more than they were 12 months ago in projects we’ve completed and continue to manage.

"St Clair provides us another project to commence alongside some of our other exciting projects we’re planning in 2022."

“We’ve been building on the Sunshine Coast for the past 16 years and this is the most buoyant market I’ve ever seen," Habitat boss Cleighton Clark said.

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