<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Brisbane Apartments

Sekisui House Australia has recently launched their latest collection of residences in their West End project, West Village.&nbsp;

The Allere Collection features two connected vertical communities, Uno and Duo, delivering a mix of one, two, three, four and five-bedroom residences.

[smartcode_project:default project_id=114215 project_image_fid=205524]

Local West End-based architecture firm, Rothelowman, designed the apartments in the 20-storey towers, with both towers set to be constructed simultaneously.

Fronting Mollison Street, Uno will comprise 94 residences upon completion, along with two levels of commercial space.&nbsp;

Filling in the upper levels of the tower is a collection of luxury penthouses and a sub-penthouse, with the latter boasting a home-sized floor plan featuring four-bedrooms and three-bathrooms, across 222 sqm of space.&nbsp;

<img alt="Image: four-bed sub-penthouse floorplan" data-entity-type="file" data-entity-uuid="1ea7d1c3-3ecd-4e64-98df-3deaacb9c25e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-15%20at%205.09.35%20pm.png?VersionId=uGoRqdXOjmS.jtGD0ETHHNxZTV7RQqlT" />

Priced at $3,686,499*, the sub-penthouse is targeting the downsizer market, or those looking to live somewhere well connected, with the West Village precinct achieving a 99/100 walk score rating.&nbsp;

Allowing connections to occur through meaningful spatial experiences, each of the residences has been designed to respond to the ever-changing needs of its occupants, with a character inspired by the urban fabric of West End.&nbsp;

Designed with a distinctive sculptured tectonic wall, Uno is emblazoned with subtropical greenery that projects outwardly through the generously-sized verandas to the north and south, along with integrated landscaping along the upper level terraces.

Crowning Uno will be a pool, enclosed dining space, seating areas, a vegetable garden, conservatory, as well as ‘Paw Pavilion’, which provides an off leash dog space within the building.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=205525]

The towers are set within a living heritage village that pays homage to the Peters Ice Cream and Cone Factories, built in 1920, located just 800 metres from the Brisbane CBD. 
&nbsp; 
A full-line Woolworths supermarket takes up shop in the community, along with Harris Farm Markets, Goodlife Health Clubs, a chemist, medical centre and more than 25 food and lifestyle providores.&nbsp; 
&nbsp; 
*Price correct at time of publication.

[smartcode_project_cta:default project_id=114215]

Priced at $3,686,499*, the sub-penthouse is targeting the downsizer market, or those looking to live somewhere well connected, with the West Village precinct achieving a 99/100 walk score rating. 

alisonwarters@gmail.com

Inside the Allere Collection: A look into the Uno sub-penthouse

Mirvac will start construction on the latest stage of Australia’s first racecourse fronting community, Ascot Green, with the $135 million Charlton House the next instalment in the historic Eagle Farm redevelopment.&nbsp;

In a bid to address a significant shortage of new apartments in the city, work will begin on the 14-level apartment building, with Mirvac working with Eagle Farm Racecourse owner, Brisbane Racing Club (BRC), just three months after its launch to market, with more than $70 million of apartments already sold - predominately to local buyers.&nbsp;

[smartcode_project:default project_id=108351 project_image_fid=179497]

According to new research released in Place Advisory’s Spring 2022 Apartment report, it is estimated Brisbane currently has just two months of new apartment supply, with deferred projects exacerbating supply and demand pressures.&nbsp;

Reinforcing its confidence in Brisbane, Charlton House is the third apartment project that ASX-listed developer, Mirvac currently has under construction in the city, delivering housing diversity in some of the most sought-after inner ring precincts.&nbsp;

Mirvac General Manager Residential Queensland, Warwick Bible, said the start of construction was a major milestone for the community, following the fast-tracking of Charlton House to meet demand.&nbsp;

“Our buyers have shown strong confidence in Charlton House and, to start construction just three months after launch, shows we echo that confidence in this development and the broader Brisbane apartment market,” he said.

“This milestone gives our purchasers certainty with the knowledge their apartment is being delivered by Mirvac that designs, masterplans and manages its projects every step of the way and which has done so for over 50 years."

[smartcode_project:default project_id=108351 project_image_fid=194813]

“The start of construction also signals the next phase of urban renewal for the historic Eagle Farm, giving more people the opportunity to live in this fantastic location,” he added.

Charlton House marks the third stage of Mirvac’s Ascot Green community, part of Brisbane Racing Club’s $1.5 billion masterplanned redevelopment of Eagle Farm, which will see the precinct transformed with luxury apartments, offices, a new shopping and dining precinct and a range of entertainment options.&nbsp;

Mirvac has already completed and sold-out Tulloch House and Ascot House at Ascot Green, with both buildings situated directly on Eagle Farm Racecourse, in the blue-chip suburb of Ascot.&nbsp;

Charlton House will comprise 113 one, two, three and four-bedroom apartments, and a limited collection of three and four-bedroom villas, with apartments sold from $499,000 through to more than $3 million.

[smartcode_project:default project_id=108351 project_image_fid=194811]

&nbsp;“Given about a third of Ascot is racecourse, there is very limited supply in this highly sought-after precinct, with demand only set to grow leading up to the 2032 Olympics, with the precinct’s proximity to facilities like the Athlete’s Village in Hamilton and Brisbane Indoor Sports Stadium in Albion," continued Bible.

“Larger apartments designed for owner-occupiers are in extremely high demand in Brisbane’s inner- ring, and buyers have been quick to secure their place at Charlton House as a result, with our premium apartments among the first to sell.”&nbsp;

Brisbane Racing Club Chairman, Neville Bell OAM, said the start of construction is an important stage in the BRC Masterplan.&nbsp;

“The commencement of Charlton House is the third stage of our partnership with Mirvac, undoubtedly a significant milestone in working towards the completion of the Brisbane Racing Club’s $1.5 billion Masterplan,” he said.

 
“Our Masterplan has set the standard for the redevelopment of ancillary land owned by race clubs around the country, in doing so we are safeguarding our legacy and relevance as a club for years to come."

[smartcode_project:default project_id=108351 project_image_fid=194814]

“Eagle Farm Racecourse is the heart of the Ascot and we look forward to welcoming the residents of the 113 residences to our community,” Bell added.&nbsp;

Bible said Charlton House, like previous Ascot Green releases, was popular with downsizers, although its diverse apartment offering appeals to a range of buyers, including young professionals and families.&nbsp;

“The location of Charlton House sets it apart. It is extremely rare – unique, even - to live in an inner-city apartment surrounded by 50 hectares of green space, including the racecourse,” he said.

“The tranquillity the location offers, close to the CBD, restaurants, cafes, shops and the airport, is attracting purchasers across the board."&nbsp;

[smartcode_project:default project_id=108351 project_image_fid=179498]

Designed by Mirvac Design, Charlton House features a rooftop sanctuary with a private dining room taking in Brisbane city skyline views. It also features intimate lounge areas and extensive sub-tropical landscaping, with a gym and resort-style pool on the ground level overlooking the racecourse.&nbsp;

Charlton House joins the $197 million Quay luxury riverside apartments, along with Mirvac’s first QLD build-to-rent project, the $270 million dual-tower LIV Anura, which are both under construction in the $1 billion Brisbane River development, Waterfront Newstead.

Mirvac Construction, the Group’s dedicated construction arm, is building all three projects, with Charlton House to create more than 300 direct and indirect construction jobs over its 21-month build program, anticipated for completion in mid-2024.&nbsp;

[smartcode_project_cta:default project_id=108351]

Reinforcing its confidence in Brisbane, Charlton House is the third apartment project ASX-listed developer Mirvac currently has under construction in the city, delivering housing diversity in some of the most sought-after inner ring precincts. 

Construction begins on latest Ascot apartment stage in Mirvac’s Eagle Farm redevelopment

The landmark Freemason building in Stones Corner is soon to be replaced by a contemporary apartment tower.

Oakridge Property Group, led by Andrew Niven, is preparing to launch Lumina, a striking glass-swathed tower at 17 Cleveland Street in Stones Corner, just south of the Woolloongabba Olympic precinct

Oakridge secured the site of the Freemasons building in May 2021, shortly before Brisbane was announced as the hosts of the 2032 Olympics, something which Oakridge development manager Sam Clarke was handy timing.

"Maybe had we have bought the site a few months later, the land value would be considerably more given its&nbsp;location to the Olympic hub," Clarke said.

The old brick lodge, which hasn't been used for a number of years since the Freemasons moved in to the city, will be demolished.

<a data-entity-type="file" data-entity-uuid="d727d606-e4f1-4ae5-b987-d2f573e76ed2" href="/new-apartments/lumina-stones-corner-17-cleveland-street-stones-corner"><img alt="The development-approved Lumina" data-entity-type="file" data-entity-uuid="d727d606-e4f1-4ae5-b987-d2f573e76ed2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Stones%20Corner%20Lincoln%20Exterior%20Final%20www.nordstudio.com_.au%20-JPG%20%28lower%20resolution%20for%20email%20use%20only%29.jpg?VersionId=UMlLIOzE5REoFM36Zukhe1wJA1hrLYV4" /></a>

NMDS Architecture has drawn up the plans for the 12-level project, which will home 97 apartments, as well as two ground level retail spaces.

The tower has been orientated to take in extensive views. The bigger three-bedroom units, which are expected to appeal to the family demographic, face both the park and the city.

Oakridge Property Group has put together a mix of one, two and three-bedroom apartments to cater for all types of buyers, from investors and first home buyers to rightsizers, downsizers, and families.

That's been reflected in the amenity, Clarke adds.

"We have targeted that family market, either families living in the development, or downsizers and third generation families who want to have the extended family over," Clarke said.

There's a dedicated kids play area, with an acrylic or astro turfed floor which will be netted. There will be a roofed area for further activity, as well as two pools, a spa, private dining space with kitchen, barbecue areas, a communal garden, and a gym with a sauna.

Oakridge Managing Director Andrew Niven said the decision to build their next project in Stones Corner was a no brainer.

“Stones Corner really holds a strong community with family-focused fundamentals, and for us, it was important to take that into consideration when designing Lumina," Niven said.

<a data-entity-type="file" data-entity-uuid="46870eda-5e9c-4c0f-935c-2ac8562ce04a" href="/new-apartments/lumina-stones-corner-17-cleveland-street-stones-corner"><img alt="The rooftop at Lumina" data-entity-type="file" data-entity-uuid="46870eda-5e9c-4c0f-935c-2ac8562ce04a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Stones%20Corner%20Arch%20Wall%20Feature%20Final%20www.nordstudio.com_.au%20-JPG%20%28lower%20resolution%20for%20email%20use%20only%29.jpg?VersionId=hBcPhosuulW2kWDLovpjofDqWT171X52" /></a>

"It wasn’t about just designing another block of apartments, it was about designing a home, offering unparalleled living for all ages and playing a part in the gentrification of this upcoming suburb while also paying homage to the suburb’s history.

“With the recent improvement and boom of local infrastructure, jobs and amenities being on the fringe of Woolloongabba, Stones Corner is truly evolving into a desirable location to live. We really look forward to playing a small role in the gentrification of this upcoming suburb," Niven added.

Oakridge Property Group is currently building its sold out Taringa development The Addison, following the sell out of The Jasmine, Indooroopilly apartment project in 2020.

<h2>Fast Facts</h2>

Address: 17 Cleveland Street, Stones Corner,&nbsp;QLD 4120

Developer: Oakridge Property Group

Architect: NMDS Architecture

Apartments: 97 apartments

Levels: 12

Commercial: 2x ground level retail

Amenity:&nbsp;Rooftop pool, sun pool, spa, private dining space with kitchen, gym with sauna, kids zone, seating and barbecue areas, viewing deck, communal garden

NMDS Architecture has drawn up the plans for the 12-level project, which will home 97 apartments, as well as two ground level retail spaces

Oakridge Property Group set to launch Stones Corner apartments near Brisbane Olympic precinct

South-east Queensland residential developer TRK Property Group has lodged plans for a two-tower apartment development on a disused site at Indooroopilly.

The group amalgamated the site over two years, with a budget motel to make way for the residential development.

<img alt="" height="1336" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.50.29_pm.png" width="1340" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

Landing in the heart of Indooroopilly at 140 Central Avenue, TRK&rsquo;s latest project will comprise 127 apartments across two seven-storey towers, as well as six two-storey terrace homes.

Designed by renowned architects, Rothelowman, the project expects to attract interest from young families and downsizers, with a mix of two and three-bedroom residences on offer at the riverside suburb site.

A subtropical promenade creates a divider between the residential buildings, with the space set to activate the ground plane.

From the curation of the subtropical native landscape, Rothelowman have maintained a focus on connection to nature and openness throughout the entire design of the project.

<img alt="" height="1334" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.51.02_pm.png" width="1334" /> 
Render of the proposed subtropical landscaped promenade at the140 Central Ave, Indooroopilly development. Credit: Rothelowman

Operable facades and the design of voids give residents maximum access to natural light and ventilation, while the living areas all connect to generous semi-enclosed outdoor spaces, with the Terrace Home residents benefitting from access to private subtropical native landscapes.

&ldquo;140 Central Avenue will provide local residents in the highly desirable established suburb of Indooroopilly with an authentic subtropical architecture that connects people with their environment,&rdquo; Rothelowman said in their architecture plans.&quot;

&ldquo;The now heightened global awareness of the ecological importance for humanity&rsquo;s relationship with the planet can be addressed holistically through both lifestyle choices and people&rsquo;s relationship with evolved urban living environments.&rdquo;

<img alt="" height="872" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.50.43_pm.png" width="2198" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

&ldquo;In this project all aspects of the architecture and interiors are conceived as one and with a humanist agenda. Design strategies are employed in plan and three dimensions to promote connection with nature, natural light, ventilation and sense of space within all apartments.&quot;

Crowning the seven-storey tower facing Central Ave will be a residential rooftop space, complete with a pool and landscaped garden.

The development is also set to comprise a gym, sauna, children&rsquo;s play area and informal work-from-home spaces across the site as well.

<img alt="" height="1322" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-28_at_1.52.00_pm.png" width="2192" /> 
Render of the proposed residential development&nbsp;at 140 Central Ave, Indooroopilly. Credit: Rothelowman

Designed by renowned architects, Rothelowman, the project expects to attract interest from young families and downsizers, with a mix of two and three-bedroom residences on offer at the riverside suburb site.



Indooroopilly set to welcome new apartment development at 140 Central Ave

Leading private Brisbane developer, Consolidated Properties Group, in joint venture with the Qualitas Real Estate Opportunity Fund 2, has&nbsp;received approval for Monarch Residences, a $375 million development of the last significant riverfront parcel of land at Toowong in Brisbane.

The&nbsp;development of 600 Coronation Drive will see two 15-level towers built among three acres of riverfront gardens with around 130 metres of direct river frontage.

The development approval allows for a third 15-level tower to be built on the site, however it is expected that this third tower will not proceed to make way for the Toowong to West End Green Bridge in the future.

The two Monarch Residences towers will include 233 apartments that will be launched to market in Spring this year. There will be a mix of&nbsp;one, two, three&nbsp;and four bedroom skyhomes, river villas and penthouses. The Monarch Residences are priced from $550,000 for the one-bedroom apartments through to $8 million-plus for the penthouses.

Monarch Residences have been designed to maximise views across the Brisbane River and the city. AIA Gold Medal award-winning architect John Wardle Architects (JWA) has designed the development with support from local Brisbane architects Cottee Parker Associates.

Consolidated Properties Group Chairman Don O’Rorke said Monarch Residences will become the signature address in Brisbane’s inner west.

“Monarch Residences will set a new standard in apartment living in Toowong with its premium location and unsurpassed quality and style," O'Rorke said.

“Monarch Residences is an outstanding offer and will be unique for the area with its extensive gardens which run to the river’s edge. It will become renowned in the local area, and we look forward to working with Hutchinson Builders to get it started.”

Monarch Residences site is rich in history, with the local community awaiting its development. It will provide a significant uplift for the local Toowong community as the development approval includes an extension of the Bicentennial Bikeway, a riverfront park and the restoration of the Heritage listed Middenbury House. Upon completion, Middenbury House will be accessible to the public for the first time since it was built in 1865. Its refurbishment will include a conversion into a café and restaurant.

Consolidated Properties Group and Qualitas Group purchased 600 Coronation Drive for $35.5 million from Sunland in March 2022. The site has been vacant since 2006 when the ABC decommissioned their operations.

Consolidated Properties Group Head of Residential James MacGinley said 85 per cent&nbsp;of those registered so far have been locals.

"Feedback on the apartment design from these locals have reaffirmed the deliberate approach we’ve taken to enlarge living areas and balconies to embrace Queensland living,"&nbsp;MacGinley said.

The development of 600 Coronation Drive will see two 15-level towers built among three acres of riverfront gardens with around 130 metres of direct river frontage.



Consolidated Properties to launch two-tower Toowong apartment development after council sign off

The luxury Queensland and New South Wales apartment developer, Holm Developments, are set to build on&nbsp;the site of the former Brisbane Quarry.

The group engaged&nbsp;Plus Architecture to design the project at&nbsp;336 Kingsford Smith Drive in Hamilton. Just 16 apartments will be spread across several terraced stories.

Holm Developments Director,&nbsp;Godfrey Esmonde, said the suburb is one of the premier locations in Brisbane with River and city views.

&quot;There is a consistent market for luxury Hamilton homes and a number of good developers are doing off the plan homes in Hamilton,&quot;&nbsp;Esmonde said.

&quot;We believe that a market will also exist for the luxury apartment market and people will want the Hamilton location but maybe not the maintenance and upkeep of a luxury house,&quot;&nbsp;Esmonde said, adding that a large&nbsp;apartment with city and river views makes sense.

Overlooking the Brisbane River, Plus say the form and function are designed to capture and enhance the relationship between river, outdoor living, and luxury interiors.

<a href="/new-apartments/336-kingsford-smith-drive-hamilton"><img alt="" height="1112" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_3.42.39_pm.png" width="1920" /></a> 
Render of the proposed apartments planned for the former Brisbane Quarry site. Credit: Plus Architecture

With the steeping nature of the Quarry site, the group designed the apartments across varying terraced levels, ranging from two to six storeys.

The horizontal lines of the slab edges and balustrade upturns create visual interest as the building steps up Quarry street and define the edge to open balconies, while external screens create intimacy between street, occupant views and solar control.

&ldquo;The building is the best of amenity, river views, suburban convenience and neighbourhood together in a timeless and elegant form,&rdquo; said Plus Architecture in their proposed plans.

<a href="/new-apartments/336-kingsford-smith-drive-hamilton"><img alt="" height="1112" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_3.43.07_pm.png" width="1912" /></a>

Render of the proposed apartments planned for the former Brisbane Quarry site. Credit: Plus Architecture

A mix of apartment configurations will be offered across the development, following an open-plan design that opens out to the neighbouring river.

One one-bedroom apartment will feature on the lower ground floor, along with three two-bedroom plus study apartments and two three-bedroom apartments.

The upper ground floor will home two additional two-bedroom apartments, with these offering two bathrooms instead of a study. Sharing the level are two four-bedroom apartments, which span 125 sqm, oriented toward the family owner-occupier.

<a href="/new-apartments/336-kingsford-smith-drive-hamilton"><img alt="" height="1116" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-07-07_at_3.42.22_pm.png" width="1926" /></a> 
Render of the proposed apartments planned for the former Brisbane Quarry site. Credit: Plus Architecture

Three three-bedroom apartments, each covering 105 sqm will grace the first level of the building, while the remaining two levels will comprise two additional three-bedroom apartments, one on the second level and the other on the third, with a remaining four-bedroom apartment also on the second floor.

Esmonde expects a majority of buyers to come from the Hamilton and Ascot areas, with homeowners looking to downsize, along with interstate buyers from Sydney and Melbourne.&nbsp;

&quot;We are buoyed by the continual sale of high-end homes in the region and believe that the luxury market will continue to perform strongly.&quot;

It&#39;s the group&#39;s first time developing a multi-residential building in the Hamilton suburb,&nbsp;with works currently underway on a 14 townhouse project across the road in Ascot, called Ascot Row.&nbsp;

Holm are developing two other projects south of the border, with 47 units planned for Pama Casuarina and 14 units, dubbed Kai, slated for the Kingscliff beachfront.

The group engaged the experienced, Plus Architecture to design the project, with 16 boutique residences to be split across several terraced stories.



Holm Developments set for luxury Hamilton apartments on former Brisbane Quarry site

The luxury home builder and now residential apartment developer, Graya, has been given the green light to push on with its second high-end residential project in Brisbane&#39;s inner-ring.

They&#39;ll soon be launching Canvas, a collection of just 21 two, three and four-bedroom apartments in the sought-after riverfront suburb of Bulimba.

Speaking recently to Urban, Rob Gray, who with brother Andrew founded Graya in 2013, said they were attracted to the&nbsp;Love Street site given its proximity to the Oxford Street lifestyle precinct.

[smartcode_project:default project_id=112020 project_image_fid=198790]

Gray said the three-level zoning allowed them to create something&nbsp;more affordable than what they usually create in the trophy home space.

&quot;We saw value in being able to bring something to what is one of Brisbane&#39;s top suburbs without pricing out the majority of the market as we do in the single home space,&quot; Gray said.

&quot;Most GRAYA supporters now have a change to own one for themselves.&quot;

Canvas will home a rooftop amenity level with the standout feature the infinity pool and spa. The rooftop offers&nbsp;views back to the Brisbane CBD.

[smartcode_project:default project_id=112020 project_image_fid=198792]

Graya has a long-line of prestige home builds to their name, setting a number of street and suburb records in the last few years.

But the move to multi-res was on the cards from day one.

&quot;We always wanted to go into multi-res, it was just a case of timing,&quot; Gray said. The team have been building around 12 luxury houses a year in some of Brisbane&#39;s best suburbs.

Their first multi-res project, Maison in New Farm, was just five luxury full-floor apartments that all sold off th​e plan with an average price of $3.2 million, with sales ranging between $2.8 million and $4.3 million.

Gray says&nbsp;buyers at Canvas should have confidence in the resale value of the Graya product.&nbsp;A Maison apartment that sold off th​e plan for $2.9 million in 2020 resold earlier this year for $5 million.

[smartcode_project:default project_id=112020 project_image_fid=198793]

Gray&nbsp;adds that, in the current uncertain times regarding&nbsp;the problematic construction industry, those developers who also build their project, are ultimately going to deliver.

&quot;There will be a real shortage of supply in the coming years, with developers who also build not facing the same types of challenges of those having to hire an external company to construct the project,&quot; Gray suggested.

&quot;There&#39;s also the fact that as a developer and builder, it&#39;s our job to think about every facet of the development. Sometimes when the developer isn&#39;t the builder, details can be missed.&quot;

They had bureau^proberts design&nbsp;Canvas, with the&nbsp;brief to create Graya homes in the sky and&nbsp;create the best unit block in the suburb..

&quot;Bureau^proberts stood out for us having nailed the luxury owner-occupier stock,&quot; Gray said, adding that their last 10 designs, which included Glasshouse, Thornton Residences, Cala Dei and Natura, have been very successful.

[smartcode_project:default project_id=112020 project_image_fid=198804]

Graya&#39;s longstanding reputation has seen them field a number of enquiries from either past clients, or friends of past clients, who know the Graya brand and have seen first hand what they&#39;ve produced over the years.

The name Canvas derives from the art world.

&quot;We try to make every project like a work of art,&quot; Gray said, adding that the facade of Canvas was so unique, and some of the intricate details they have brought into the rest of the building, that the&nbsp;word Canvas was an apt name for the project.

Motiv&#39;s Carly Cottam will be handling the sales of Canvas, with launch expected in late June.

[smartcode_project_cta: project_id=112020]

Speaking recently to Urban, Rob Gray, who with brother Andrew founded Graya in 2013, said they were attracted to the Love Street site given its proximity to the Oxford Street lifestyle precinct

Exclusive: GRAYA get green light for Canvas, luxury Bulimba apartments

The Brisbane unit market is showing consistent growth,&nbsp;according to CoreLogic&#39;s Monthly Hedonic Home Value Index.

Values jumped 1.4%, following the 1.6% gains in March and 1.5%&nbsp;over February. Values are now 6% up over 2022 already, well on their way to matching the 14.4% growth over 2021.

The quarterly performance, up 4.6%, is the highest in the country for the unit market.

The median apartment value in Brisbane is now $488,393. At the start of 2021, it was just over $390,000.

[smartcode_project:default project_id=109830 project_image_fid=184164]

Following the RBA&#39;s first interest rate rise in nearly 12 years at the May meeting,&nbsp;the Real Estate Institute of Queensland (REIQ) said the&nbsp;resilient Queensland market the higher rate forecasts.

REIQ CEO Antonia Mercorella said given the level of inflation, this may not be the last interest rate rise we see, but it was important to recognise that many market conditions and external factors remain favourable in Queensland.

&ldquo;We know that consumer confidence is key, and this move by the RBA will certainly make people stop and think more carefully about how much they are prepared to borrow, because it&rsquo;s a timely reminder that interest rates can and do go up,&rdquo; she said.

[smartcode_project:default project_id=13276 project_image_fid=80720]

&ldquo;While on the face of it, it&rsquo;s not an insignificant rise, in the grand scheme of things interest rates have been at historic lows for some time and are still very low.

&ldquo;This is also where our relative affordability is an advantage, as our average home loan rate is much lower than in capital cities like Sydney and Melbourne, and so the impact will be felt less here.

&ldquo;We remain confident in the resilience of the Queensland market because the need and demand for housing is irrespective, and an interest rate rise simply causes people to rethink what they are prepared to spend and how big of a loan they are prepared to enter into.&quot;

Total advertised inventory of both houses and apartments&nbsp;is more than 20 per cent below levels from a year ago in Brisbane, and around 40 per cent lower than the previous five-year average.

[smartcode_project:default project_id=27815 project_image_fid=192735]

The median apartment value in Brisbane is now $488,393. At the start of 2021, it was just over $390,000

Brisbane apartment market insights: What happened over April

As Brisbane&rsquo;s median house price skyrockets, the gap to the median apartment price widens, but it&rsquo;s set to be short-lived with Colliers research showing the apartment market tipped is for a dramatic price increase.

Brisbane&rsquo;s median house price increased by 10.7 per cent to $890,000 in the March quarter, according to research by Colliers.

The gap between the median house price and the median apartment price is at 49 per cent, the greatest differential Brisbane has seen in two decades.

However, Colliers Director Residential Queensland Andrew Roubicek believes the city is in for a significant price increase in the apartment market as we move into the second half of 2022, with compounding pressures on the construction sector forcing developers of new stock to lift prices.

[smartcode_project:default project_id=100681 project_image_fid=162779]

&ldquo;Working closely with developers, builders and architects as part of the project marketing arm of Colliers, and selling more than 5,000 apartments annually, we have seen first-hand the impact of labour and material shortages,&rdquo; Roubicek said.

&ldquo;Costs are rising by up to 30 per cent, and recent floods and COVID-induced issues are intensifying the problem and causing significant delays on construction timeframes.&rdquo;

The impact of cost increases as a result of compounding environmental factors has had a dramatic impact on the construction sector, with several builders entering voluntary administration of falling into receivership.

However, Roubicek said the impacts of the cost increases and external pressures had a far wider reaching implications than the construction sector alone.

[smartcode_project:default project_id=100681 project_image_fid=162782]

&ldquo;There have been several examples of new developments achieving presale requirements of around 80 per cent, only to have developers refund deposits and tear up contracts because building costs have escalated to a point that the development is financially unviable,&rdquo; he said.

&ldquo;It&rsquo;s left homebuyers utterly upset and disgruntled, particularly in what has become such a competitive market.

&ldquo;As a consequence, developers who are looking to acquire new development sites are forced to increase their projected sale prices by around 20 per cent in their feasibilities. Just 18 months ago a two-bedroom apartment in Brisbane might have sold off the plan for $9,000 per square metre.

&ldquo;But, to build that apartment today the developer would need to achieve a sale price of $11,000 per square metre for the project to stack up. That&rsquo;s a 20 per cent price increase passed directly onto buyers,&rdquo; he added.

[smartcode_project:default project_id=25721 project_image_fid=157090]

Roubicek said the economic impact of interest rate increases would further impact on housing affordability, forcing buyers back into the apartment market.

&ldquo;Buyers may see better value in the established apartment market in the short-term, as opposed to buying new off the plan. However, this will be a short-lived alternative as supply dries up and investors stake advantage of rental vacancy rates.

&ldquo;We expect surge in demand from investors as the rental vacancy rates continue to fall to less than one per cent and rental yields approach five per cent. This increase in demand will have a significant impact on the second hand apartment pushing up prices reflecting the price of a new apartment.&rdquo;

The gap between the median house price and the median apartment price is a staggering 49 per cent, the greatest differential Brisbane has seen in two decades.



Why Brisbane apartments are set to see significant price growth: Colliers International Australia

A&nbsp;prime corner site in the burgeoning Kangaroo Point area, 58 - 62 Leopard Street is set to become the latest residential offering by renowned developers Aria.

Currently home to Brisbane&rsquo;s iconic event theming and hire company, The Prop House, the group have lodged a development application for the landmark site, adjacent to the Cross River rail and the Olympic stadium.

Soaring 20-levels into the sky, the project will be Aria&rsquo;s latest in a long line of successful collaborations with Rothelowman and RPS Landscape Architects.

<a href="/new-apartments/canopy-house-by-aria-58-62-leopard-street-kangaroo-point"><img alt="" height="1799" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ariaproperty_group.jpeg" width="1200" /></a> 
Render of the proposed development in Kangaroo Point. Image sourced.&nbsp;

Comprising 98 residences, the project will deliver a mix of two, three and four-bedroom apartments, with vistas of both stretches of the Brisbane River.

Residences will feature balconies that integrate with adjoining internal living areas, through sliding stackable doors on recessed runners, to create large semi-outdoor living areas, as well as high ceilings and permeable facades that allow natural light to penetrate into the building.

Operable windows in every home will help to facilitate cross-flow ventilation, while also providing further opportunity for residents to enjoy the views of their sought-after location.

&ldquo;Our vision was to create a world class development with an enviable architectural form that will assist in the revitalisation of the Kangaroo Point South and Woolloongabba Centre Neighbourhood Plan Areas,&rdquo; said Aria in their development application.

In order to take advantage of the site&rsquo;s significant corner location as both the western gateway into the neighbourhood plan area and an intersection of two key roads, the building has been designed to play the role of a &lsquo;landscaped architectural gateway&rsquo; form, which emphasises the corner setting and arrival into the neighbourhood plan.

&ldquo;We wanted to provide a highly quality and usable public open space that will enhance the pedestrian experience commute to the Gabba, the Cross River rail and the Woolloongabba Bus Station (WBS) precinct.&rdquo;

Over 830 sqm of landscaping is proposed across the site by RPS, including a significant landscape offering within the ground level public open space. In addition to this, there will also be a significant vertical column of mature trees that rise up the full gateway corner of the building.

<a href="/new-apartments/canopy-house-by-aria-58-62-leopard-street-kangaroo-point"><img alt="" height="1056" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aria_2.jpeg" width="1200" /></a> 
Render of the proposed landscaped greenery embodying the building and communal areas. Image sourced.

This overtly green gesture identifies the precinct as a sub-tropical and sustainable area, acting as a catalyst for future developments in the local area.

The expansive ground floor parkland space will serve as an extension of the footpath creating a significant piece of public realm and the highly articulated built form allows every apartment to engage the outdoors.

The ground level incorporates a range of features, including a large forecourt for gathering and meeting, multiple chill out spaces for relaxation, recreation and refuge, an exceptional standard of urban design including water features, benches and seating, and a prominent feature tree on the corner of the intersection.

The entire 800 sqm rooftop is devoted to communal open space where&nbsp;residents will benefit from a large furnished resident lounge space, outdoor dining areas and barbecue facilities, a pool, spa and terrace lounge area, and unrestricted views of the South Brisbane and the D&rsquo;aguilar Ranges, the Gabba, End, South Bank, Mount Cootha and CBD.

Comprising 98-apartments, the project will deliver a mix of two, three and four-bedroom apartments, with vistas of both stretches of the Brisbane River.



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