A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Joel Robinson

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

Beachfront

Sydney-based luxury developer Sammut Group has signed Australia&rsquo;s largest builder Multiplex to construct its debut Gold Coast development, the $200 million absolute beachfront, COAST, at Garfield Terrace.

The appointment comes on the heels of the premium apartment project achieving a sales record for the Gold Coast with an average price of $5.25 million per apartment recorded as buyers flocked to the development following its release late last year.

COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.

<a href="/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise"><img alt="" height="634" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bm_cam07_balconyinterior.jpg" width="1200" /></a>

Buoyed by strong sales, Sammut Group, which is undertaking the development in partnership with financier Alceon Group, is now looking ahead to the delivery phase of the luxury beachfront tower.

&ldquo;The appointment of Multiplex as our building partner for COAST is a significant milestone for this landmark development,&rdquo; said Sammut Group CEO Allen Sammut.

&ldquo;After achieving exceptional sales success, we are now progressing to construction of our vision to create the Gold Coast&rsquo;s premier residential address, firmly supported by one Australia&rsquo;s most experienced builders.&rdquo;

Multiplex has been responsible for the delivery of several of Southeast Queensland&rsquo;s most high-profile developments, including Destination Gold Coast Tower 2 at Star Residences, Queens Wharf Brisbane, Jewel Gold Coast, and the W Hotel Brisbane.

[smartcode_project:default project_id=101672 project_image_fid=185690]

The appointment to deliver Sammut Group&rsquo;s $200 million COAST will add to the builder&rsquo;s already strong pipeline of projects in Queensland.

&ldquo;We are delighted to be working with such a well credentialled developer as Sammut Group on such an iconic development for the Gold Coast,&rdquo; said Multiplex Regional Director, David Redding.

&ldquo;COAST will be a defining benchmark for the Gold Coast, and we look forward to leveraging our extensive track record of delivering high quality projects across Australia to bring this striking residential collection to life.&rdquo;

Sammut Group COO Julian Sammut said the company was looking forward to taking the next step in bringing the project to life for buyers.

&ldquo;This is an exciting project for us, being our first in Queensland, and we are looking forward to breaking ground on Gold Coast soil in the coming weeks,&rdquo; he said.

<a href="/new-apartments/coast-surfers-paradise-43-garfield-terrace-surfers-paradise"><img alt="" height="482" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bm_cam04_kitcheninterior.jpg" width="1200" /></a>

COAST will deliver a suite of beachfront residences over 35 levels to the Surfers Paradise beachfront, contained in a striking tower designed by PBD architects.

The appointment of Multiplex is a major employment boom for the Gold Coast with the project expected to employ approximately 400 workers during its construction period.

&ldquo;We take very seriously the jobs creation that is afforded to us through securing such quality projects,&rdquo; said Mr Redding.

Just eight apartments remain to be sold at COAST, the first for Sammut Group on the Gold Coast after three decades of delivering premium-project excellence in iconic locations across Sydney.

The multi-award-winning developer has incorporated a wealth of resident amenities in the COAST design, including a 32-metre pool that wraps around the exterior of the building along the entire eastern and northern frontages.

[smartcode_project:default project_id=101672 project_image_fid=185691]

This will be accompanied by a cabana and lounges, a barbecue entertaining area, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar with breakout areas and a commercial-sized gym.

COAST has ignited the imagination of buyers, setting a new price record for sub-penthouses twice on the Gold Coast, one for $8.775 million and then another for $8.95 million &ndash; both of which sold to interstate buyers.

[smartcode_project_cta: project_id=101672]

COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.



alisonwarters@gmail.com

Sammut Group appoint Multiplex to build $200 million luxury Surfers Paradise beachfront apartment development, COAST

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The Melbourne-based developer Lowe Living have only one apartment remaining in their luxury Bayside development Azura Aspendale, which saw solid sales growth despite the COVID-19 pandemic.

The Foster Street townhouse and apartment development was launched in March last year, the same month COVID had Australian's in lockdown. Within six months of the project launch, 26 of the 27 residences had sold.

Construction is well underway on Azura Aspendale, a mix of eight townhouses and 19 apartments created by design-studio Golden. They created the homes in collaboration with landscape architect Jack Merlo and Chamberlain Architects.The project is expected to be completed in late 2021.

Lowe Living Founder and managing director, Tim Lowe, said that the meticulous craftsmanship and unparalleled attention to detail of Azura Aspendale, combined with the elite location of pure beach- front living, will present a once in a lifetime opportunity for buyers.

“Azura Aspendale is inspired by its unique location,” Mr Lowe said. “Its sophistication and sensitivity to its surrounds is something we have not yet seen in beach-side living.”

[smartcode_project:default project_id=26408]

“From the tranquillity afforded by spectacular use of light and space and its carefully crafted floorplans that promote open-plan living and connection to the outdoors, to its sleek, stylish and premium finishes, Azura Aspendale represents a new generation of high-end coastal living.”

“Its absolute beach front location, with supreme views of the bay, combined with its thoughtful design, makes Azura Aspendale one of a kind.”

Inspired by tropical modernism examples in Brazil and Asia, the material palette of concrete, red brick and timber, sits in harmony with the coastal landscape.

Jack Merlo has given great consideration to the coastal location, using feature foliage and greenery to link the landscape and architecture.

“One of the most unique aspects of Azura Aspendale is the relationship between architecture, landscaping and surrounds,” said Mr Lowe. “These elements have all been carefully considered to create a sense of tranquillity and a private sanctuary, nestled beside the beach.”

“With the beauty of Port Phillip Bay quite literally on your doorstep, and only a short walk to the vibrant eateries and cosmopolitan amenities of Aspendale and neighbouring suburbs, Azura Aspendale will give owners the rare opportunity to enjoy a sea change while not compromising on locale or quality."
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The Foster Street townhouse and apartment development was launched in March last year, the same month COVID had Australian's in lockdown

Only one apartment remains at Lowe Living's Azura Aspendale

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Sydney's harbourfront Rose Bay is set to get a new boutique beachfront apartment development.

Plans have been lodged for a small project of three apartments at 5 Collins Avenue, on the beach and facing the Sydney Harbour.

The $3.43 million plans will see the current 1910's Federation Arts &amp; Crafts mansion demolished.

The property belongs to Kate Champion, the wife of the Laser Clinics founder Alistair Champion. It last sold for $18 million in 2019.

<img alt="" height="881" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/champion_rose_bay.jpg" width="1200">

The MHNDUnion designs (pictured top and below) have two two bedroom apartments on the ground level, one with its living area opening to a private swimming pool, and the adjoining apartment with its own garden terrace.

Unit one, with the garden, spans 93 sqm internally and next door with the pool has 108 sqm of living space.

<img alt="" height="813" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/5_collins_rose_bay_2.jpg" width="1200">

Upstairs is the 214 sqm, full floor penthouse. It will have three bedrooms, including one master suite with walk in wardrobe, a TV room, a study and four bathrooms.

Each apartment is designed with the open plan kitchen, living and dining area oriented to face the harbour.

The Champions are based in the luxury Woollahra mansion Ilicus which they bought for $13 million in 2017.
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Rose Bay to get new beachfront apartment development

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A Blueys Beach house has been listed for sale through Pacific Palms Real Estate agent Matt Healey.
The <a href="https://www.realestate.com.au/property-house-nsw-blueys+beach-133135062" target="_blank">Newman Avenue property</a> offers a sleek modernist style with high vaulted ceilings, a cantilevered deck and an abundance of glass.
Its walls of sliders sweep back embracing the sparkling ocean, rolling paddocks and district views.
The four-bedroom, two-bathroom home has a master wing with ensuite, walk-in robe, and a whole floor children's or guest wing featuring two bedrooms, bathroom and lounge or teen retreat. The 700 sqm has easy lift access to each of its three levels and features open plan living and dining rooms separated by the gourmet eat-at gas kitchen. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/22/19_Blueys%20Beach%20Living%20Room%20.jpg" alt="" style="caret-color: #000000; color: #000000;"> There is also a garden terrace featuring a gardener's sink, easy care landscaped gardens with veggie patch, internal access to the double lock up garage, powder room, internal laundry and vast storage areas. The property last sold in 2010 for $910,000. 
According to Domain, four other four-bedroom houses in Blueys Beach have recently been sold. A similar four-bedroom, two-bathroom on <a href="https://www.realestate.com.au/sold/property-house-nsw-blueys+beach-130602282" target="_blank">Croll Street</a> sold for $1.2 million. 
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Blueys Beach three-storey oceanfront house for sale

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The luxury beachfront house on Eastbourne Avenue in Clovelly sold for $6 million yesterday. 
The <a href="https://www.realestate.com.au/sold/property-house-nsw-clovelly-132095294" target="_blank">four-bedroom, two-bathroom house</a> sold through Phillips Pantzer Donnelley estate agents, Alexander Phillips and David Tyrrell.
The two-storey home has a wide frontage that opens out to unobstructed ocean and coastal views. The home also has a north facing landscaped garden. 
All the bedrooms have custom built-ins, while the master suite has a skylit dressing room with its own private terrace.
Built in 1925, the property has been redesigned to display a contemporary beach aesthetic.
The house features a lounging area that opens out to a covered terrace, Wide Oak floorboards, an Escrea fireplace, a Carrara marble island in the kitchen, and marble bathrooms. 
The 259 sqm property was last sold in 2014 for $2.5 million, and $2.3 million in 2007.  
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Luxury beachfront house in Clovelly sold 

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The ZEN beach retreat in Bargara, Queensland has been listed for $4 million.
Occupying 1,315 sqm of beach front property, the holding comprises 11 bedrooms, 6.5 bathrooms and a reception area.
Fronting Kelly's Beach at <a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/property-house-qld-bargara-131731574" target="_blank">54 Miller Street</a>, Violette Sinclair and Joshua Rub of Raine and Horne are marketing the listing.
The retreat won the new "Business Award of the Year" in 2018 and seized the overall prize of  "Auswide Business of the Year 2018". 
It holds uninterrupted views of the ocean and its horizon on one side and a deck overlooking the 10-meter Magnesium therapeutic pool and Bali Hut on the other. 
Comprising a three bedroom main residence plus four two bedroom villas, the main residence comes equipped with a wellness sanctuary and an intense hydrotherapy spa.
Situated on the coastline of the Southern Great Barrier Reef, it is only 13km to Bundaberg and 375km to Brisbane.
A one night stay in the Executive Suite costs $704.
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ZEN Beach Retreat in Bargara for sale

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A beachfront Forresters Beach retreat is for sale.
Situated at <a href="https://www.realestate.com.au/property-house-nsw-forresters+beach-130046466" target="_blank">88 Kalakau Avenue, Forresters</a> Beach the home comes without a price guide.
Set on 582 sqm the two bedroom two bathroom house has uninterrupted ocean panoramas over two levels.
<img src="https://www.urban.com.au/images/2018/12/6/Kakkan%203.JPG" alt="">
The open plan design is described as "embracing magnificent ocean views."
Featuring heated floors, stone finished kitchen features and a Jacuzzi the beachfront home comes with a number of alfresco areas.
The home last sold for $2.2 million in 2016.
<img src="https://www.urban.com.au/images/2018/12/6/Kakkan%202.JPG" alt="">
Located near shops, cafes, public transport links and Erina fair, the home is set on a tiered parcel of land.
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Beachfront Forresters Beach retreat for sale

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Bespoke furniture maker Mark Tuckey and wife Louella have listed their luxury northern beaches home.
The <a href="https://www.belleproperty.com/77P1371/?subOffice=77&amp;auth=88b4455e760ec5802c016d1f9113efe2#&amp;gid=1&amp;pid=11" target="_blank">waterfront home on the sands of Clareville Beach</a> is locally know as the Home and Away house, with the garden used as one of the sets for a while.
Tuckey has owned the residence, with classic Pittwater P &amp; O style rounded, for nearly a decade. He paid $3.1 million in 2009.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/12/Clareville2.jpg" alt="">
Set on 900 sqm, the classic beach home with three bedrooms and two bathrooms features floor to ceiling glass, taking in views across Pittwater to Lion Island.
A master retreat on its own level also has water views, while a heated swimming pool sits in the lush tropical gardens.
The home is filled with furniture and designer art, from works by David Bromley to furniture from Borg Morgensen. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/12/12/Clareville3.jpg" alt="">
A week before the birth of their child Chilli, Bromley painted a rabbit and butterfly in the bedroom as a gift. The couple have another child, Indigo, and two dogs Scribble and Lillypup.
Belle Property Avalon agent Mark Griffin is marketing the home.
Tuckey started his furniture business Ancient Modes in Melbourne in 1990 with a couple of hundred dollars and a blue F-100 truck.
 
 
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Furniture maker Mark Tuckey lists Clareville Beach home

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A luxury architecturally designed home on the largest beachfront holding in Mollymook, fronting the exclusive Collers Beach, has been listed for sale. 
Allen Jack + Cottier designed the <a href="https://www.realestate.com.au/property-house-nsw-mollymook-129864742" target="_blank">three bedroom Burleigh Way home</a> on the 7,675 sqm absolute beachfront holding.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/15/molly1.jpg" alt="">
Set in private rainforest-like gardens, there's also self-contained accomodation on the parcel comprising one bedroom, as well as a separate two car garage.
The property last traded $3.1 million in 2008, which still stands as the Mollymook record.
<div>Ray White Surfside Properties - Ulladulla owner Darryl Leslight doesn't know what price it can achieve due to its uniqueness.</div>
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<div>"What I can say is that the vendors purchased the property in 2008 for $3.1M and property values in the area have certainly increased since that time, to varying degrees," he said.</div>
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<div>"But the vendors are commercial and are prepared to meet the market. </div>
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<div>"They seldom use the property and in some cases have not visited for periods in excess of 12 months."</div>
 
 
 
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Mollymook's finest home listed for auction

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A syndicate of buyers, including mortgage broker John Kolenda and his wife Milenka, have sold Emerald Cove, their Central Coast weekender for $3,225,000.
The 3200 square metre property last traded 18 months ago for $2,999,999.
It was renovated and landscaped last year by Kolenda, Jennifer Davitt and Adrian Lee.
It came with initial $3.5 million hopes.
The Hamptons-style house, with 125 metres of beachfrontage at Umina, was bought by Goldman Sachs managing director Nell Hutton.
It has been returning over $100,000 annually in rental income.
There are also architectural plans available for a substantial 10 bed, 12 bath, two pool residence with sky-garden, an abundance of living areas and tennis court.
Umina Beach last year had a $3.58 million purchase by wealthy businessman Tony Borg.
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