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

So, if you are considering a Queensland property to call home; what can you enjoy doing whilst living in this beautiful state? Keep reading as we take a deep dive into everything you need to know about living in Queensland and some tips for buying property there.

Davis Gale

The ultimate guide to buying off-the-plan property in Queensland in 2021

Fresh off the back of two UDIA QLD Awards, the South East Queenslander developer Mosaic has secured yet another sell-out, before the project even hit the open market.

Their second Maroochydore&nbsp;development, LOrient, part of Mosaic&#39;s&nbsp;Masterpeice Series developments,&nbsp;lasted just a few weeks before selling, with prices starting from $2.75 million.

LOrient, named after the French port famous for its maritime history,&nbsp;netted the Sunshine Coast&#39;s most expensive apartment sale, with a 571 sqm apartment selling for $7.5 million.

It bettered the existing $6 million record,&nbsp;set at Avalon by Mosaic a few doors down. Avalon by Mosaic&nbsp;just won&nbsp;the&nbsp;High Density &ndash; 10 storeys or less award at UDIA QLD awards.

&quot;We are humbled by how receptive the market has been to our developments, which has resulted in our projects selling out in record time,&quot; Mosaic Property boss Brook Monahan told Urban.

<img alt="" height="521" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lorient.jpg" width="1200" />

&quot;We are working hard to bring launches forward to meet the robust ongoing demand for Mosaic product&nbsp;in highly sort after locations.&quot;

Mosaic had to drop the number of apartments in the eight-level building from 21 to 15, due to the interest in making the apartments even bigger than what was offered.

The boutique development, set on the Maroochy River at 90&nbsp;Duporth Avenue, had been set for 21 three-bedroom apartments. Now there will be just 12 three-bedders, two four-bedroom apartments, and one massive five-bedroom apartment.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lorient_mosaic.jpg" width="1200" />

Level one will home the&nbsp;resident amenity, which includes a 60 sqm gym, a lap pool with spa, lounges, and a cabana.

Construction is now expected early next year, well ahead of schedule, due to the speed of the sales.

LOrient is the first apartment project on the Sunshine Coast designed by&nbsp;bureau^proberts.

&quot;The site at 90 Duporth Avenue connects an established avenue of apartments to the water&rsquo;s edge of the Maroochy River,&quot; the design statement by&nbsp;bureau^proberts read.

&quot;The architecture responds with sensitivity to its site, both natural and man-made, with apartments rising to eight&nbsp;storeys to contribute a scale that is consistent with its neighbourhood.&quot;

<img alt="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lorient_mosaic_kitchen.jpg" width="1200" />

There will be continued interest in the area from Mosaic heading in to 2022.

&quot;We remain very passionate about the Sunshine Coast which is undergoing such a dynamic evolution,&quot; Monahan said.

&quot;We are proud to have created a benchmark offerings, including Drift, Avalon, and now Lorient, amongst others, and look forward to continuing to lead the way for high-quality multi-residential development in the region.&quot;

Mosaic recently took out two awards at the UDIA QLD awards, both for its previous Sunshine Coast developments.

Drift by Mosaic, Coolum Beach&rsquo;s first new apartment development in 13 years, won the&nbsp;Medium Density Development award. Mosaic engaged extensively with the local community to deliver a responsive design, taking advantage of the sloping 4,161 sqm site.

The $104 million, Avalon by Mosaic apartment project, built on a historic pocket of land on the Maroochy River, won the&nbsp;High Density &ndash; 10 storeys or less award.

Mosaic had to drop the number of apartments in the eight-level building from 21 to 15, due to the interest in making the apartments even bigger than what was offered


Mosaic net sell-out of their latest boutique Maroochydore apartment development, LOrient

The prominent Sunshine Coast developer Cube Developments has snapped up the last remaining beachfront site on the Sunshine Coast.

The 3,215 sqm block at Bokarina Beach, located between Calounda and Mooloolaba and adjacent to Bokarina Beach, is earmarked for a six level apartment building of up to 75 apartments.

Cube director Scott Juniper says they will be planning something more boutique, offering a point of difference to the other developments in the masterplan.

&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 says, adding that those developments will have ground floor activiation.

Juniper says they are going the other way.

<img alt="" height="622" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cube_location_2.jpg" width="1200" />

&quot;The market has evolved very quickly&quot;, Juniper said.

&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;We won&#39;t be having retail at the ground floor. We are designing the area to create an exclusive compound for residents. They will feel special when they enter the building.&quot;

On entry there will be an architectural threshold walk through with draping landscape. Private dining spaces and a gym will feature, and Juniper says they are planning something special with landscaping around the swimming pool.

They&#39;re currently in redesign, having appointed local architect Cameron Sheedy to design the building.

&quot;We really know what we want. The brief is very detailed and that we want it to be boutique, and we felt Cameron was the best person to create our vision.&quot;

The Bokarina project will join Cube&rsquo;s growing Sunshine Coast portfolio, which includes three other residential apartments in neighbouring suburb Birtinya.

This includes the sell-out $27 million project One Prosperity, which is under construction and slated for completion at the end of this year; Curve, a sell-out $37 million project, which is due for completion next month and the recently launched to market &lsquo;Seasons by Cube&rsquo;.

Cube director Scott Juniper says they will be planning something more boutique, offering a point of difference to the other developments in the masterplan

Cube Developments plan, Oasis, boutique apartment development at Bokarina Beach, Sunshine Coast

Offering a collection 27 one, two and three-bedroom townhomes, Ascent is the newest development to hit the Sunshine Coast.

Situated at 19 Ellis Way, each residence offers an open plan layout with natural light and an undeniable feeling of space.

The home harmonises perfectly with the relaxed lifestyle of the Sunshine Coast, with residents enjoying parklands, schools, shops and restaurants just minutes away.

[smartcode_project:default project_id=27638 project_image_fid=83429]

&ldquo;A beacon for informed investors and the young professional alike, all eager to settle and enjoy living in this ultimate location&rdquo;, the developers said.

Architecturally designed, the project features a sophisticated design, timber features and thermal chimney skylights.

Ascent incorporates a stylish blend of sophistication and modern design offering buyers the best of both worlds with low-maintenance townhouse living and low body corporate fees.

[smartcode_project:default project_id=27638 project_image_fid=83430]

Some of the home&rsquo;s features include louvred windows, stone benches, generous balconies and a single lock-up garage.

The development is conveniently located less than ten minutes to Caloundra Business District.

[smartcode_project_cta: project_id=27638]

The home harmonises perfectly with the relaxed lifestyle of the Sunshine Coast, with residents enjoying parklands, schools, shops and restaurants just minutes away

max.kwok_55688

A look at Ascent, the latest townhouse development in Sunshine Coast’s Meridan Plains 

The longstanding Sunshine Coast developer&nbsp;Henzell Property Group&nbsp;is set to create a mixed-use development in Caloundra, which they say will be one of the most exciting launches the Sunshine Coast will see in 2021.

Henzell, who have been reshaping the Sunshine Coast over the last four decades, have acquired the Suncourt Motel,&nbsp;set on a prized, mostly vacant,&nbsp;6,175 sqm site at the entry to Caloundra.

Henzell will develop&nbsp;high-end retail and dining at street level, with modern apartments dedicated to owner-occupiers above.

The&nbsp;135 Bulcock Street site, also with a street frontage to Omrah Avenue, was a unique opportunity to create a new entry statement for central Caloundra, Henzell Property Group sales director Marcus Muir says.

&ldquo;We have had our eye on this property for some time, so what we have planned has been carefully considered,&quot; Muir says.

&quot;We feel this site, with the correct product mix, will be one of the most exciting launches that the Sunshine Coast will see in 2021.

&ldquo;This development will combine luxurious residences offering exceptional views within an entertainment precinct that will attract high end lifestyle operators locally and from across Queensland.

&ldquo;We have already commenced discussions with a number of dining and retail operators and there are many more who have yet to move to the Coast as they have been waiting for the perfect location.&rdquo;&nbsp;

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marcus_muir_and_mclean_henzell_smaller.jpg" width="1200" /> 
Marcus Muir, left, with Henzell&nbsp;director McLean Henzell. Image supplied

Henzell Property Group plans to deliver the project in two stages, with the design taking advantage of the two-street frontage by creating an activated laneway for vehicle and pedestrian access between Bulcock Street and Omrah Avenue providing a new sidewalk boulevard restaurant precinct.

&ldquo;This will become an iconic Sunshine Coast location for residents and visitors alike providing a new streetscape that connects Bicentennial Park, north of Omrah Avenue, and south to the beachfront,&rdquo; Muir said.

&ldquo;The location offers everything that residents could want in a Sunshine Coast lifestyle with an easy stroll to some of Caloundra&rsquo;s best beaches and shopping with Bulcock Street right at your doorstep.

&ldquo;When combined with luxurious apartments offering generous floor plans and either northern orientation or sprawling ocean views, this is exactly what the market is looking for in a coastal residence.&rdquo;

The first stage of the development will comprise a boutique collection of 39 apartments over 10 levels that will boast some of the best view&rsquo;s that Caloundra has to offer.

Preliminary works have already begun at this stage ahead of Henzell Property Group releasing apartments to the market.

&ldquo;We have chosen to release the most boutique offering to the market first to cater for exceptional demand for luxury residences by owner-occupiers,&rdquo; Muir said.

&ldquo;Stage one will comprise a collection of two and three-bedroom residences along with a penthouse collection, resort style pool and tranquil pool side areas.&rdquo;

Henzell Property Group has been buoyed by the success of its latest development at Pelican Waters, with a sell-out of an exclusive release of luxury residences in the first stage of the $200 million precinct known as The Cove.

[smartcode_project:default project_id=27849 project_image_fid=151643]

All 15 homes in the Terrace Collection were snapped up for a total of $12 million, highlighting the appeal of high-end residences among-end users on the Sunshine Coast.

&ldquo;Buyers in this segment of the market are typically looking for a relaxed lifestyle close to the water and within easy reach of retail, dining and entertainment facilities,&rdquo; Muir added.

&ldquo;With this iconic new development, we are planning to add a new level of sophistication to the natural appeal that attracts so many people to the Caloundra lifestyle.&rdquo;

Henzell acquire Sunshine Coast's Suncourt Motel, plans mixed-use Caloundra development

The Sunshine Coast developer Henzell Property Group has sold-out its collection of terraces in its first stage of The Cove, their $200 million masterplanned community at Pelican Waters

The boutique release of just 15 townhomes and penthouse terraces, dubbed the Terrace Collection, were bought&nbsp;by owner-occupiers, predominantly those who live&nbsp;locally.

The five penthouse terraces were snapped up within a week of their release.

They are part of The Cove&#39;s first stage, Corsica Residences, which comprises 51 residences all up. There&#39;s been 39 sales so far.

Sales have been so quick Henzell have brought forward construction, which could start this month.

[smartcode_project:default project_id=27849 project_image_fid=151643]

Marcus Muir, sales and marketing director at Henzell, said a number of the buyers were attracted by the premium lifestyle on offer for residents in&nbsp;The Cove.&nbsp;

&ldquo;There&rsquo;s been a strong local owner occupier trend, with 80% of buyers from Pelican Waters, and all of them have been drawn by the quality of the residences and the level of exclusive resident amenities that would be right at home in a world-class resort.

&ldquo;We&rsquo;re experiencing exceptional demand across the entire Corsica Residences release which has set a remarkable early pace for our staged program to deliver The Cove&rsquo;s master plan over the next few years.&rdquo;

[smartcode_project:default project_id=27849 project_image_fid=151642]

The Cove will home a number of luxury, resort-inspired amenities including an outdoor lagoon style pool with a swim up bar, set within a tropical landscape and reserved for the exclusive use of residents.

The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for more than 30 years.

The master-planned community will be delivered in four stages over the next four years and when completed it will comprise a total of 220 apartments and terrace homes, a grocer and waterfront restaurant.

The five penthouse terraces were snapped up within a week of their release.

Henzell Group secure $12 million Terrace Collection sell-out at The Cove Pelican Waters

Demand for apartments&nbsp;is not letting up on the Sunshine Coast.

Cube Developments, led by veteran developer Scott Juniper, have secured a sell out of their $27 million apartment&nbsp;project One Prosperity in the small waterfront suburb of Birtinya, and are soon to sell all of the apartments in their boutique Mooloolaba project Picasso.

Picasso saw high demand from investors from Sydney and Melbourne, and Juniper says the trend, which he&#39;s seen across the whole of the portfolio,&nbsp;isn&#39;t slowing down.

[smartcode_project:default project_id=29372]

&quot;The demand on the Sunshine Coast has been exceptional,&quot; Juniper says.

&quot;We had a much higher increase in both investor demand and owner occupier demand from Melbourne and Sydney,&quot; Juniper says, adding that there are still high number of owner-occupiers moving from the southern states to the Sunshine Coast.

&quot;People are still not tied to the city, there&#39;s been no change to that&quot;, Juniper says.

<img alt="" height="770" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/cube_2.jpg" width="2228" /> 
Cube&#39;s sell-out One Prosperity development. Image supplied 
 
Investors are still keen from Sydney and Melbourne, with the vacancy rate holding firm at record lows of around 0.5 per cent.

Cube&#39;s latest offering is Seasons by Cube, which Juniper says is a much more budget conscious apartment development in Birtinya.

The majority of stock in the development of 146 apartments is under $600,000, with it focused on bringing an affordable product to the market.

<img alt="" height="884" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seasons_by_cube.jpg" width="1486" /> 
Seasons by Cube, designed by Cottee Parker. Image supplied

Prices start from $495,000.

Cube only have a handful of apartments left at another one of their Birtinya developments, Curve, which is set for completion in July.

&quot;There are quite a few people in the market looking to move immediately, reflected by the area&#39;s very low vacancy rate&quot;, Juniper suggests, adding that that gives Curve an advantage in the current market that the product will be available to move in in just a few months.

Cube have their&nbsp;premium product,&nbsp;Nature at Cotton Tree in Maroochydore, overlooking&nbsp;Rotary Park and the Maroochy River.

Juniper told Cottee Parker Architects to deliver&nbsp;the best the Sunshine Coast has ever seen.&nbsp;

<a href="/buildings/nature-by-cube-maroochydore"><img alt="" height="700" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/nature_juniper.jpg" width="733" /></a> 
The luxury Nature development. Image supplied

&quot;Nature allowed me to do some things you couldn&#39;t do in other developments&quot;, Juniper says of the boutique 13 apartment development. The ground floor is dedicated tp communal space and facilities&nbsp;including a 25-metre lap pool, gym, steam room and sauna and&nbsp;yoga studio, as well as barbecue areas and a private dining area.

Cube are also in the planning stages of one of their best projects to date in Alexandra Headland.

Cube's latest offering is Seasons by Cube, which Juniper says is a much more budget conscious apartment development in Birtinya



Sunshine Coast apartment demand continues as Cube sell-out one development, launch another

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The local developer Henzell Property Group has sold more than 80 per cent of the first stage of Corsica Residences, part of their $200 million master-planned community on the Sunshine Coast.

The waterfront apartment and townhouse in Pelican Waters at Caloundra has seen 38 townhouses and apartments sales across the first stage, with strong demand locally as well as huge interest from interstate buyers looking to Queensland.

It was local owner-occupiers who drove the majority of sales. 

Apartments range in size from 143 sqm to 261 sqm and are priced from $625,000, with terrace homes up to 267s qm priced from $800,000.

<a href="/new-apartments/the-cove-stage-1-1-glover-place-pelican-waters"><img alt="" height="793" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_cove_townhouses.jpg" width="1600"></a>

Construction on the first homes is expected to commence in May this year with buyers snapping up the first stage off the back of the penthouse terrace collection sell-out late last year. 

All five of the luxury penthouse terrace collection within the first stage sold within a week since its launch to market. One of the three bedroom apartments in the penthouse collection sold to a Melbourne buyer purchasing sight unseen for $1.5 million.

[smartcode_project:default project_id=27849]

Mclean Henzell, managing director of Henzell Property Group, said the sales achieved are reflective of the high demand for luxury new residences in Pelican Waters tailored toward downsizers.

“We have been overwhelmed with inquiry since the launch and to have sold more than 80% of apartments and terrace homes in the first stage, including the sell-out of our penthouse terrace collection, puts us way ahead of where we anticipated,” Mr Henzell said.

“The sales reflect the extremely strong underlying demand for downsizer product among a local market of buyers who have been a part of the Pelican Waters community for many years but wish to downsize. 

The Cove is the final instalment in the Pelican Waters community which the Henzell family has been developing for over 30 years. It is set to be completed in 2025.

<a href="/new-apartments/the-cove-stage-1-1-glover-place-pelican-waters"><img alt="" height="801" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_cove_entry.jpg" width="1200"></a>

The Cove will be developed over four stages and includes 220 apartments and terrace homes, a grocer and waterfront restaurant. O.G.E Group Architects has designed the full masterplan.

Marcus Muir, sales and marketing director at Henzell Property Group, said that while the community was designed to appeal to local owner-occupiers and downsizers, exceptional interest has come from interstate buyers seeking to relocate to the Sunshine Coast.

“The Cove has been meticulously designed over a number of years to bring something to market that buyers were calling out for,” Mr Muir said.

“The Covid pandemic is definitely elevating peoples’ plans to move from southern states to Queensland and we’re seeing an increase in enquiries week on week.”

 

 
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The waterfront apartment and townhouse in Pelican Waters at Caloundra has seen 38 townhouses and apartments sales across the first stage

Henzell Property Group see 80% stage one sellout of Corsica Residences in masterplanned Sunshine Coast community The Cove

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The former Socceroo Brett Holman and wife Femke have downsized on the Sunshine Coast.

Having sold their Peregian Beach holiday home for $2.55 million mid-way through last year, they’ve gone off-market to secure a near new property in the same coastal suburb.

They’ve spent $1.15 million on a home on the Peregian Golf Course.

Only completed last year, the home has five bedrooms, including a master with its own sitting area, walk in wardrobe and ensuite which spans the entire length of the top level.

There’s a dedicated media room, a kitchen with butler’s pantry and an alfresco area overlooking the pool.

<img alt="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/peregian_holman_2.jpg" width="1200">

Richardson &amp; Wrench Noosa agent Kerry Sullivan secured the sale off-market.

The Holman’s had previously nearer the beach, but flipped the modern 2018-built home half way through last year.

Having paid $1.95 million, they sold the Tim Ditchfield-designed four bedder for $2.55 million.

Holman, who runs a small football academy in the Sunshine Coast, and Femke are based in a five bedroom home in New Farm, which they bought for $2.43 million in 2016 when returning to Australia after spending 14 years playing soccer across Europe and Asia.

Born in Bankstown, Holman started his soccer career at Parramatta Power in the NSL before joining Dutch club Feyenoord in 2002.

Holman left Holland in 2012 to join Aston Villa in the English Premier League for a season then went on to play in Dubai and Abu Dhabi.

Holman has represented the Socceroos 63 times, scoring nine goals.
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Former Socceroo Brett Holman buys Peregian Beach new-build

CoreLogic’s best of the best 2020 report has revealed that the highest median unit value in Queensland&nbsp;was found in Noosa Heads, just shy of $900,000.

The report revealed Australia’s $7.2 trillion residential real estate market proved resilient in the face of a global pandemic, leaving an overall positive market outlook for 2021.

Eliza Owen, CoreLogic’s head of research, said the report highlighted the resilience of luxury markets in Australia.

On the overall top ten apartment markets every suburb&nbsp;listed amongst the nation’s best for unit value were located in Sydney, with Point Piper taking the top spot as it did in 2019 with a median unit value exceeding $2.28 million.

Queensland's Laguna Quays however had Australia's lowest median unit value at just $76,123

"The Sunshine Beach on the Sunshine Coast has seen the highest annual capital growth in houses nationally, compared with 2019 when St Kilda in Melbourne saw the highest housing growth,” Eliza&nbsp;Owen said.

<h2>Here are a two luxury apartments available on the Sunshine Coast</h2>

1. First Bay by Mosaic

<a href="/new-apartments/first-bay-by-mosaic-131-coolum-terrace-coolum-beach">131 Coolum Terrace, Coolum Beach QLD 4573</a>

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/first_bay.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="410" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/first_bay.jpg?itok=6OLSI7X8" width="580" /></a></figure>

With an estimated completion time late 2021 the&nbsp;direct beach-front location,&nbsp;First Bay, will feature a very limited collection of apartments across two boutique&nbsp;buildings.

Featuring just 36&nbsp;two and three-bedroom residences, featuring the Masterpiece full-floor penthouse for $2,900,000.

Their nearby development Drift by Mosaic, built in 2019 is already sold out.

2. Lumina Residences

14 Serenity Close, Noosa Heads QLD 4567

<figure><a href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lumina.jpg"><img alt="" data-entity-type="" data-entity-uuid="" height="400" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/lumina.jpg?itok=xU_nqaQD" width="580" /></a></figure>

Developed by Cape Bouvard, Lumina Residences in the exclusive residential enclave of Settler’s Cove offering the facilities of a 5-star luxury resort.

Also known as L2, luxury residences are available&nbsp;From $1.75 million.

&nbsp;

CoreLogic’s best of the best 2020 report has revealed that the highest median unit value in Queensland was found in Noosa Heads, just shy of $900,000

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