<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

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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