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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

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

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

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

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

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

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

Urban Video

Developer Lucent Capital is bringing a fresh new to townhouse living in Northcote.

They've recently launched Bastings Community, a collection of less than 50 architecturally-designed townhouses by&nbsp;Kavellaris Urban Design (KUD) in the heart of one of the most family friendly precincts in Melbourne.

Immediately drawn to the architecture, we headed down to the onsite display suite&nbsp;of <a href="/new-townhouses/bastings-community-westgarth-88-bastings-street-northcote">Bastings Community at 88 Bastings Street</a>, where we also had a chance to speak to Lucent Capital Founder Panos Miltiadou and Billy&nbsp;Kavellaris from KUD to hear about the project in more detail.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/G4im_OEGP7s?si=XvoGvmhW15C4eS-F" title="YouTube video player" width="560"></iframe>

What we saw were developer and architect working in tandem with one another, passionate about the project they've been able to produce for their future residents.

Miltiadou says they're lucky to have Kavellaris on board, and that the product int he display suite represents exactly what they're trying to achieve.

Every detail has been considered at Bastings.

Often in townhouse developments there are a number of different directions which dictate. But at Bastings, every townhouse faces north.

"We didn't want to turn our townhouses in an east and west direction and avoid this opportunity to have sun through the course of the day" Miltiadou says.

"All of our private open space faces north. that's where you entertain, and that's where the largest private open space is for every home."

"From&nbsp;living we enter the dining then kitchen, so that sun is fully utilized through the majority of the day through the north sun aspect.

[smartcode_project:default project_id=134979 project_image_fid=231065]

Bastings Community is committed to achieving Operational Carbon Neutrality for at least a decade.&nbsp;Carbon neutrality means&nbsp;having a balance between emitting carbon and absorbing carbon from the atmosphere in carbon sinks.

KUD have ensured that Bastings is centred on creating a sustainable home and lifestyle for its future residents.

"Bastings Community is all about environmental sustainability. With a 7.5 NatHERs Rating and a carbon neutral footprint, our core focus was to ensure we have above best practice environmental sustainability credentials.

[smartcode_project:default project_id=134979 project_image_fid=231079]

"We wanted to ensure that the environment was at the forefront of every architectural decision and intervention."

Not only is Bastings Community creating an environmental and architectural statement, it is ideally located in the best pocket of Northcote.

It's within close proximity to a number of schools, the popular Johnson Park, and a few minutes walk to Dennis Train Station on the Hurstbridge line and the <a href="/new-townhouses/northcote-vic-3070">Northcote</a> Train Station on the Mernda line.

[smartcode_project_cta:default project_id=134979]

Inside Bastings Community: Urban's video tour of Northcote's newest off the plan townhouse development

What makes a new apartment project stand out?

Many say location is everything, and Mirvac's latest apartment development, <a href="/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a>, has one of the best locations in Melbourne's inner ring.

It's just on the fringe of the liveliness and convenience of Brunswick, while being positioned closer to the nearby Carlton North and Princes Hill, directly opposite the 39-hectare Princes Park.

We recently had a wander around the area and wrapped up some of the best spots around the project.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/d-ar7pZc4Ug?si=3D38a0WVGPm4aIM3" title="YouTube video player" width="560"></iframe>

Prince &amp; Parade provides the ultimate in nature, convenience and connectivity.&nbsp;

The iconic Princes Park is not only home to the Carlton Football Club but also offers a range of leisure activities for residents to enjoy, including the Princes Park Bowls Club, Royal Park Tennis Club, and the nine-hole Royal Park Golf Course.

[smartcode_project:default project_id=4802 project_image_fid=220673]

There's a number of local hospitality venues like&nbsp;the auropean-style wine bar WasFlower, and Italian Ciao Mamma!, as well as Old Palm Liquor, Mamma's Boy Trattoria, and Brunswick Wine Shop, ensuring there's something to please every palate. And for those seeking a diverse array of international cuisines, Little Andorra, Kent Hotel, Florian, La Luna Bistro, Matteo's Restaurant, Capitano, and Di Stasio Carlton offer a number of options.

Art enthusiasts will appreciate the creative collections at Beinart Gallery and the immersive experience at 1280, while the nearby Brunswick Baths provide a refreshing escape for residents.&nbsp;

[smartcode_project:default project_id=4802 project_image_fid=217137]

The nearby Jewell and Royal Park Train Stations ensure that the city and its surroundings are easily accessible, granting residents the freedom to explore Melbourne's vibrant neighbourhoods effortlessly. Buses and trams are also an integral part of the area, with numerous transport links connecting Prince &amp; Parade residents to the greater Melbourne region.&nbsp;

The building, designed by&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>&nbsp;in collaboration with&nbsp;<a href="/developers/mirvac" target="">Mirvac</a>&nbsp;Design and in landscaping by&nbsp;<a href="/news/jack-merlo-sheds-light-on-the-landscape-design-for-hawthorn-park" target="">Jack Merlo</a>, comprises 166 one, two three and four-bedroom apartments.

The striking project is targeting the owner-occupier, particularly local downsizers who currently live in houses or terraces and are starting to see equity build back up in their homes. It's also expected to be popular with affluent young professionals.

[smartcode_project_cta:default project_id=4802]

Prince & Parade provides the ultimate in nature, convenience and connectivity

Brunswick location tour: What's within walking distance from Mirvac's Prince & Parade apartment development

New developer PERIFA announced itself into the Sydney off the plan development space in 2023 when they revealed plans to redevelop a significant site on Sydney Harbour.

Teaming up with Justin Brown's Abadeen, the joint venture partners will <a href="/news/nsw/perifa-and-abadeen-to-create-putney-waterfront-precinct-putney-wharf-residences">redevelop Putney's historic&nbsp;Halvorsen boatshed site</a> to create a 15,870 sqm lifestyle precinct on the water.

There's nothing new however about <a href="/developers/perifa">PERIFA</a> in terms of its experience in the development industry.

With everything going on at PERIFA, Apartments.com.au CEO Mike Bird caught up with development industry veteran, PERIFA Co-Founder and Managing Director Fabrizio Perilli, to talk about off the plan development in Sydney and the plans for PERIFA.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/MggjpuGJTNs?si=T0Eh4oww6ih7ajYk" title="YouTube video player" width="560"></iframe>

Perilli is the president of the&nbsp;Property Council&nbsp;of Australia's NSW&nbsp;division and Managing Director of PERIFA's parent firm Versatile Group who has been developing and constructing high-end residential developments predominantly across the north shore for a number of years.

The former TOGA CEO says having the construction arm in Versatile&nbsp;brings a lot of confidence to the buyer.

"They know what they're going to get [with this model,"&nbsp;Perilli says.

"We're putting a lot of work in in regards to our schemes and making sure they're buildable, at the right price point, meeting the right quality.

"I really believe in the vertically integrated model and I think it has a massive advantage compared to the third party model."

PERIFA be looking at advancing the plans for the Putney project, dubbed Pier 20, this year. They'll be creating a community with&nbsp;a waterfront dining and commercial precinct within the restored Halvorsen boatshed, two three-level apartment buildings, 18 three-level townhouses, and a 36-berth marina.

<img alt="PERIFA" data-entity-type="file" data-entity-uuid="2157c21f-1c2c-433f-aa97-8fa59d28d2c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.48.09%20am.png?VersionId=AuZ2KbdrTI2ruTFLmz9JHGEfaDfV7yrv" />

Perilli says it's one of those iconic projects you only get to do every so often in your career.

"Putney has been a bit of a hidden gem for many years, and the chance you get to redevelop a wharf building into 19 amazing apartments is quite unique. You don't get many chances to do that many times in your life."

Perilli expects the buyer pool to come from a market which is in the proximity of Putney like Hunters Hill and Gladesville.

[smartcode_project_cta:default project_id=13962]

&nbsp;

Michael Bird

How PERIFA's vertically integrated model brings confidence to off the plan apartment buyers: Five minutes with PERIFA Co-Founder Fabrizio Perilli

Since launching the redevelopment of Moonee Valley Park back in 2019, Melbourne developer Hamton has continued to transform the racecourse surroundings into a $2 billion masterplan.

With everything going on at Moonee Valley Park in <a href="/new-apartments/moonee-ponds-vic-3039">Moonee Ponds</a>, Apartments.com.au CEO Mike Bird sat down with Hamton Managing Director Matt Malseed to discuss the development.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/PElObglwXRc?si=Wt4gK08_CO3PXLaH" title="YouTube video player" width="560"></iframe>

Builder ICON recently kicked off construction of the latest stage of Moonee Valley Park, <a href="/new-apartments/trackside-house-moonee-ponds-moonee-valley-racecourse-moonee-ponds">Trackside House</a>, the first building in the precinct that overlooks the track back to the city. It will also have the only units that will overlook the finishing straight.

Malseed says one of the unique features of the masterplan is that all of the buildings are spread out.&nbsp;

"It isn't just one good side and one not so good side, there's incredible aspects all around our botanical park. The vision for the precinct is for a neighbourhood within a botanical park."

[smartcode_project:default project_id=105114 project_image_fid=210517]&nbsp;

<a href="/new-apartments/trackside-house-moonee-ponds-moonee-valley-racecourse-moonee-ponds">Trackside House</a> will comprise just over 200 apartments across 11 levels.&nbsp;

Also under construction is <a href="/new-apartments/stonepine-house-at-moonee-valley-park-kenna-street-moonee-ponds">Stonepine House</a>, that includes&nbsp;119 one, two and three-bedroom units.

Both buildings will have extensive resident amenity like a rooftop pool, hobby room, state of the art gym, and private dining areas which are bookable by the resident app.

[smartcode_project:default project_id=110367 project_image_fid=199239]

<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developers/hamton&amp;source=gmail&amp;ust=1705021977799000&amp;usg=AOvVaw0E_KxTvB4sh4R5VDysaj1S" href="/developers/hamton" target="_blank">Hamton</a>&nbsp;has worked with&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/architects/rothelowman&amp;source=gmail&amp;ust=1705021977799000&amp;usg=AOvVaw0Of0cUOZCUhZcA2AbzprPG" href="/architects/rothelowman" target="_blank">Rothelowman</a>&nbsp;for completed residential stages in the project. They're also working on Trackside and Stonepine House.

Cera Stribley has put plans together for the next stage of the precinct, which will be home a further 442 apartments to the growing community.

[smartcode_project_cta:default project_id=110367]

Since its launch in 2019, Hamton, a prominent Melbourne developer, has been steadily shaping the $2 billion masterplan of Moonee Valley Park. In a recent interview with Hamton's Managing Director, Matt Malseed, Urban.com.au CEO Mike Bird explores key insights for potential buyers.

Everything a buyer needs to know about Moonee Valley Park: Five minutes with Hamton's Matt Malseed

Jonathan Drew, the accomplished Managing Director of Drew Group, sheds light on the remarkable triumphs and unique standing of Lagoon Residences in the Queensland real estate landscape. With a pedigree as a third-generation developer and an impressive portfolio featuring 15 noteworthy projects, Jonathan Drew introduces a wealth of experience and a keen understanding of market dynamics to the forefront of the discussion.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/_lR8U2968ws?si=2BF8OZiWIWFFURrP" title="YouTube video player" width="660"></iframe>

[smartcode_project_cta:default project_id=108747]

Setting the Benchmark in Main Beach 
Lagoon Residences, situated in the heart of Main Beach on a sprawling 4,000 square meters site, is not just a residential project; it's a benchmark for evolved luxury and responsible development. Drew Group, cognisant of the diverse market profiles, meticulously crafted the project to offer a wide range of options, including spacious three-bedroom apartments with media rooms. The emphasis on quality living is evident, with storage cages and an impressive 89% of apartments featuring two side-by-side car parks.

Sustainability as a Cornerstone 
The commitment to excellence extends beyond aesthetics, with Lagoon Residences achieving a remarkable six-and-a-quarter Nat's Green Star rating. Sustainability is ingrained in the project's DNA, from fully double-glazed windows reducing thermal loads to the integration of solar panels for communal use, rainwater tanks for landscaping, and provisions for electric vehicles and charging systems. Drew Group's forward-thinking design not only caters to current demands but positions Lagoon Residences as a future-proof investment.

[smartcode_project:default project_id=108747 project_image_fid=191661]

Shifting Paradigms: Owner-Occupiers in Focus 
Jonathan Drew challenges the traditional segmentation of apartments as either investor or owner-occupier-centric. With a shift in market dynamics, more owner-occupiers are embracing apartment living, and Drew Group responded by creating homes within the apartment framework. The larger-sized apartments, designed with ample storage, spacious kitchens, and king-size bedrooms, resonate with those seeking a home within the vibrant community of Main Beach.

Progressive Partnerships and Efficient Approvals 
Acknowledging the role of Gold Coast City Council in fostering progress, Jonathan Drew highlights their efficient collaboration, resulting in one of the fastest development approvals in a decade—just three months. The Council's progressive outlook and Drew Group's meticulous adherence to planning guidelines led to a harmonious approval process, setting a positive precedent for future developments.

[smartcode_project:default project_id=108747 project_image_fid=204481]

Personal Commitment and Community Integration 
Beyond professional success, Jonathan Drew underlines the personal commitment to Lagoon Residences. Family members and close friends are not just part of the project; they are moving in as residents. This personal stake underscores the immense responsibility Drew Group feels in delivering a residence that goes beyond expectations.

For those considering investing in Lagoon Residences, Jonathan Drew advises seeking developers with a proven track record, reputable builders like Hutchinson, and projects under construction. Lagoon Residences epitomizes the perfect alignment of experience, expertise, and personal commitment, making it a standout choice for those seeking luxury living on the Gold Coast.

[smartcode_project_cta:default project_id=108747]

[smartcode_project:default project_id=108747 project_image_fid=221592]

&nbsp;

Jonathan Drew, the Managing Director at Drew Group, delves into the extraordinary success and rare position of Lagoon Residences in the Queensland market. As a third-generation developer with a portfolio of 15 projects, Jonathan Drew brings a wealth of experience and a keen eye for market dynamics to the forefront.

Nurturing excellence: Jonathan Drew and the vision behind Lagoon Main Beach

Pikos Group's CEO Michelle Wooldridge Discusses Brisbane's Property Market and Exciting Developments

Apartments.com.au's CEO Mike Bird recently had an insightful conversation with Michelle Wooldridge, the CEO of Pikos Group. With a wealth of experience in the property market, including roles with major developers, Wooldridge shared her perspectives on Brisbane's property market and provided a glimpse into Pikos Group's exciting future.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/xtIs4BgHEf8?si=1iMMNneu5wpjcwB1" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

Evolution of Brisbane's Property Market

Wooldridge highlighted the evolution of Brisbane's property market over the past 5 to 10 years, emphasizing the city's growth and evolving placemaking initiatives. The rise of owner-occupiers and increased interest from interstate and international buyers indicate Brisbane's appeal. With significant precincts like Eagle Street and Queens Wharf nearing completion, coupled with the upcoming Olympics, Brisbane's property market is experiencing tremendous momentum.

Challenges and Opportunities

The interview touched on challenges arising from major infrastructure projects, such as hospital developments and the Olympics. Wooldridge acknowledged the positive impact of these projects on Brisbane's growth but highlighted the pressure on the subcontractor market. Despite challenges, the underlying fundamentals and the confidence in Brisbane's growth trajectory provide a solid foundation for continued success.

Changing Perspectives on Urban Living

Wooldridge and Bird discussed the shift in perspectives on urban living, emphasizing lifestyle choices and the appeal of apartments. Brisbane's favorable weather, coupled with high-quality products, makes the city an attractive option for those reassessing their living preferences. The discussion touched on the changing needs of residents, including downsizers and mature families, who seek the convenience and lifestyle benefits of well-located, high-end projects.

[smartcode_project:default project_id=90059 project_image_fid=218025]

Pikos Group's Pipeline and Vision

Wooldridge shared Pikos Group's impressive pipeline, boasting a $1.2 billion portfolio. The diverse projects, strategically located in or near riverfront precincts, contribute to the group's confidence in Brisbane's future growth. The discussion highlighted Pikos Group's transition from a business-to-business (B2B) model to a developer holding and managing stock, marking a new phase in the company's approach.

Confidence in Pikos Group's Future

Assembling a team with both tier-one corporate capability and entrepreneurial innovation, Pikos Group aims to deliver exceptional projects. Wooldridge expressed confidence in the team's ability to blend experience and innovation, citing the Lambert Street project at Kangaroo Point as an exciting example of this synergy.

[smartcode_project:default project_id=90059 project_image_fid=218022]

[smartcode_project_cta:default project_id=90059]

The conversation concluded with Bird expressing Apartments.com.au's enthusiasm for partnering with Pikos Group, recognizing the depth of experience and the exciting prospects the collaboration promises for Brisbane's property market.

Stay tuned for Pikos Group's transformative projects that marry corporate expertise with entrepreneurial spirit, shaping Brisbane's urban landscape for years to come.

[smartcode_project:default project_id=90059 project_image_fid=218023]

Dive into Brisbane's property market in this interview with Michelle Wooldridge, the CEO of Pikos Group. Gain valuable insights into the evolution of Brisbane's real estate scene, driven by placemaking initiatives and an influx of interstate and international interest. 

Explore the challenges and opportunities presented by major infrastructure projects like hospitals and the upcoming Olympics, and discover how Pikos Group is strategically positioned with a $1.2 billion pipeline to capitalise on the city's growth. 

How Brisbane's apartment market is coming into its own with Michelle Wooldridge, CEO at Pikos Group

Iwan Sunito Unveils Vision for One Global Capital's Future Developments

In a recent interview with Apartments.com.au, Mike Bird sat down with Iwan Sunito, the CEO and founder of <a href="/developers/one-global-capital">One Global Capital</a>, to delve into the company's impressive background and its exciting vision for the future.

While <a href="/developers/one-global-capital">One Global Capita</a>l may seem like a new player, it's the rebranded face of Crown Group, a family office that has already delivered $4 billion worth of developments.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/RKUijhaQ1-E?si=DFNp_PISd90TSNIJ" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

Background and Rebranding

Sunito clarified that <a href="/developers/one-global-capital">One Global Capital</a> is the fresh identity chosen to present his family office, formerly known as Crown International Investment. The rebranding, which took place in 2023, aligns with the philosophy of "One Vision, Infinite Possibilities", emphasising the global reach of the company. Sunito highlighted the intention to continue the legacy of successful projects, pushing boundaries in 2023 and beyond.

Upcoming Projects

With an impressive portfolio of almost $1.5 billion worth of developments in planning, <a href="/developers/one-global-capital">One Global Capital</a> is set to make its mark quickly on the Sydney off the plan apartment market. Sunito shared details about two major projects – a $1 billion, 300-apartment development in Macquarie Park and a groundbreaking $1.2 billion project in Chatswood. The latter is expected to be the largest of its kind, featuring an extraordinary design that aligns with <a href="/developers/one-global-capital">One Global Capital'</a>s commitment to excellence.

Target Audience and Urban Living Trends

Sunito discussed the evolving trend of urban living, noting that more people are gravitating towards city living. <a href="/developers/one-global-capital">One Global Capital </a>aims to tap into the local and global buyer markets. Sunito explained that they are targeting residents who seek high-rise living with extensive amenities, catering to both local buyers and the influx of migrants contributing to Australia's population growth.

Signature Amenity and Thoughtful Design

A key focus for One Global Capital has always been thoughtful design. Sunito, an architect by background, stressed the importance of creating an experience of space that goes beyond technology and style. He emphasised the need for buildings to be world-class, with an iconic and timeless design. Sunito shared the joy of seeing people positively respond to their buildings, reinforcing the psychological and physiological impact of well-designed structures.

The Future Vision

Looking ahead, Sunito expressed his commitment to pushing the boundaries of design, emphasising that great architecture contributes to a legacy beyond profitability. He highlighted the psychological value of buildings, noting that they should be designed to withstand the test of time and become iconic landmarks.

In closing, Sunito shared his excitement about the future, where One Global Capital is set to go public in the next five years. The company's focus remains on creating a green city for the future, reflecting their passion, purpose, and commitment to being more than just developers.

&nbsp;

Stay tuned for <a href="/developers/one-global-capital">One Global Capital</a>'s transformative projects, where innovation and care converge to shape the urban landscape.

In a recent interview with Urban.com.au, Mike Bird sat down with Iwan Sunito, the CEO and founder of One Global Capital, to delve into the company's impressive background and its exciting vision for the future. While One Global Capital may seem like a new player, it's the rebranded face of Crown International Investment, a family office that has already delivered $4 billion worth of developments.

Iwan Sunito unveils vision for One Global Capital's future apartment developments

Highett Common by Sunkin Property Group is set to rise from <a href="/new-apartments/highett-vic-3190">one of the best spots in Bayside</a>, connected to both extensive public transport, amenity, and the beach.

We recently visited the <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> display suite at <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">37 Graham Road</a> to look at the project in more detail.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/m_OkpzOXFS4?si=99Oi8HMW38waEN0K" title="YouTube video player" width="560"></iframe>

In a city like Melbourne, where public transport is so good, buying a home in an up-and-coming fringe suburb is always an astute choice. Highett is a prime example – you're close to the beach, there's a thriving hub of bars and eateries, and you can hop on the train and be in the city in under 40 minutes.

Architecturally designed by famed Melbourne-based design practice ClarkeHopkinsClarke, <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common's thoughtful masterplan</a> offers provisions for sustainable living, verdant green spaces and apartments crafted using the finest quality materials.

[smartcode_project:default project_id=108019 project_image_fid=212654]

Whether you're after a one, two or three-bedroom apartment, <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> has a range of intuitive floorplans to choose from. What I love is that all apartments have been thoughtfully oriented with floor-to-ceiling glazing to make the most of the parkland views – it's the kind of attention to detail that comes with great design.

The 9.3-hectare masterplan includes a Conservation Reserve, a one-hectare public park and playground and a new community library – with walkways taking you through leafy, tree-lined corridors and boulevards. In fact, over 40 per cent of the site is dedicated to green open space.

At <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>, you'll also have access to multiple state-of-the-art gymnasiums with wellness areas and two luxurious swimming pools, one outdoor and one indoor – as well as residents' dining room and lounge perfect for hosting gatherings with friends and family.

[smartcode_project:default project_id=108019 project_image_fid=213936]

You'll also have access to a platform that enables you to connect with your neighbours via a smart community app, enabling you to book amenities, receive project updates and alerts, join social clubs, sign up for fitness and wellness activities and access local business services.

As the first medium-density masterplanned, Net Zero Carbon community in Victoria, the all-electric development boasts solar panels for energy generation into the development, smart car charging capability, recycled rainwater for irrigation, sustainably sourced timber and steel and many more energy efficiency features.

[smartcode_project:default project_id=108019 project_image_fid=212514]

Located at 37 Graham Road, <a href="/new-apartments/highett-vic-3190">Highett</a> Station is literally a two-minute walk away; <a href="/new-apartments/highett-vic-3190">Highett</a> Shopping Centre with a Woolworths supermarket and specialty shops right next door.

You can cycle to the beach and bay trail, and you're spoilt for choice when it comes to dining and bar options along <a href="/new-apartments/highett-vic-3190">Highett</a> Road. Civil works across the whole masterplan are currently well underway, with completion of the first stage of <a href="/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a> slated for mid-2025.

[smartcode_project_cta:default project_id=108019]

We recently visited the Highett Common display suite at 37 Graham Road to look at the project in more detail

Staff Writer

Display Suite Tour: Inside the Highett Common masterplanned development by Sunkin Property Group

In an exclusive interview, Apartments.com.au CEO Mike Bird sits down with Daniel Clarke, General Manager at Sherpa Property Group, to delve into the fascinating journey of Nexus, the sixth project under the renowned Perspective brand. Initially approved as a 14-level building, the project faced a twist when the courts overturned the decision. However, Clarke shares how this setback became an opportunity for redesign, resulting in what they believe is the best code-accessible development.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/vTRw2CJauWI?si=XQSO5QL8qhCchg6c" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

[smartcode_project_cta:default project_id=108324]

Clarke expresses his excitement about the redesigned project, emphasising its enhanced functionality and aesthetic appeal. The article highlights the positive response from existing buyers, who, despite the project's initial hiccups, have shown confidence in Sherpa Property Group's commitment to delivering an exceptional product.

[smartcode_project:default project_id=108324 project_image_fid=232460]

As the conversation unfolds, Clarke sheds light on the buyer demographic, emphasising the spaciousness of the apartments, which range up to 200 square meters. The mix includes three to four-bedroom units, attracting a local market, down-sizers, and even interest from interstate buyers, particularly from Sydney and Melbourne.

The article concludes with insights into Sherpa Property Group's development philosophy under the Perspective brand. With a focus on the "less is more" approach, Clarke explains how their design strategy evolved based on feedback and interest generated by earlier projects. The Perspective brand's consistent emphasis on larger, more livable spaces resonates with buyers and reflects the company's commitment to creating unique and appealing coastal living experiences.

[smartcode_project:default project_id=108324 project_image_fid=232523]

Prospective buyers are encouraged to explore the recently finished display suite at Perspective on Albatross, showcasing the company's commitment to quality and innovative design. The interview offers a unique perspective on Sherpa Property Group's approach, providing potential buyers with valuable insights into the developer's track record and commitment to delivering outstanding coastal living experiences.

[smartcode_project_cta:default project_id=108324]

[smartcode_project:default project_id=108324 project_image_fid=231829]

&nbsp;

Join us in this insightful interview with Daniel Clarke, the General Manager at Sherpa Property Group, as he discusses the exciting journey of the Nexus project, the sixth under the Perspective brand.

Everything a buyer needs to know about Sherpa's Perspective Nexus, Palm Beach - Five Minutes with Daniel Clarke

Why Fitzroy, Why Now? 
Purchased five years ago, the Fitzroy site for Fabbrica Fitzroy, has witnessed an intriguing evolution. Ash Bramich sheds light on the adaptive approach PACE took, responding to shifts in the market. The focus on owner-occupiers became paramount, leading to a redesign that increased apartment sizes and catered to downsizers. This dynamic response to market demands reflects PACE's commitment to meeting the evolving needs of property buyers.

&lt;p&gt;&lt;iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/SWmQoOutbwI?si=MwWtEYNZo47hpz0o" title="YouTube video player" width="560"&gt;&lt;/iframe&gt;&lt;/p&gt;

[smartcode_project_cta:default project_id=139552]

The Industrial Vibe: Designing Fabbrica Fitzroy 
Mike Bird commends PACE for its innovative design approach at Fabbrica Fitzroy, seamlessly blending the industrial aesthetic with a modern twist, perfectly mirroring Fitzroy's eclectic charm. The conversion of an industrial warehouse into Fabbrica Fitzroy, a contemporary masterpiece, not only aligns with Fitzroy's vibe but also instills confidence in potential buyers. The visual transformation, backed by substantial investment, stands as a testament to PACE's dedication to authenticity and quality.

Unveiling Fabbrica Fitzroy: Size, Mix, and Market Focus 
Fabbrica Fitzroy boasts 78 apartments, strategically mixing one, two, and three-bedroom configurations. With a focus on owner-occupiers and downsizers, the project includes townhouses with street frontage, catering to diverse preferences. A deliberate emphasis on larger apartments addresses the changing landscape of property demands.

[smartcode_project:default project_id=139552 project_image_fid=240740]

PACE's Evolution and Rebranding 
Ash Bramich outlines PACE's strategic evolution, acknowledging past success and pivoting towards a more owner-occupier-centric approach. The recent rebrand, reassessment of values, and collaboration with top-tier consultants signify a commitment to understanding the market and aligning projects with buyer expectations.

PACE's Unique Advantage: Developer and Builder Synergy 
Mike highlights PACE's advantage as both a developer and builder. With over 30 years of experience and a track record of delivering over 100 projects, PACE navigates challenges more efficiently, ensuring promises are not just met but exceeded.

[smartcode_project:default project_id=139552 project_image_fid=240743]

Building on Fitzroy's Legacy 
The interview draws parallels with Fitzroy's rich development history, mentioning iconic developers like Neometro, Milieu, and Piccolo. PACE, with Fabbrica Fitzroy, join this league and aims not only to meet but exceed the benchmarks set by these industry stalwarts.

In an era where property buyers seek transparency and authenticity, PACE Development Group's dedication to quality, innovative design, and buyer-centric approaches positions Fabbrica Fitzroy as a formidable player in Fitzroy's dynamic landscape.

Stay tuned for more updates as we delve deeper into Fabbrica Fitzroy with PACE Development Group.

[smartcode_project_cta:default project_id=139552]

[smartcode_project:default project_id=139552 project_image_fid=240744]

In a candid interview conducted amidst the chic urban landscape of Fitzroy, Mike Bird, CEO of Urban.com.au, sat down with Ash Bramich, the Sales and Marketing Director of PACE Development Group, to unravel the story behind their upcoming project - Fabbrica Fitzroy. 

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