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

Joel Robinson

The apartment price gap drawing Sydney buyers west

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

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

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

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

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

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

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

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

Brisbane Apartments

The Brisbane unit market was the best performing across every capital of February, according to CoreLogic&#39;s&nbsp;Monthly Hedonic Home Value Index.

Values jumped 1.5%, following the 1.4%&nbsp;gains over January. Values are now 2.9% up over 2022 already, well on their way to matching the 14.4% growth over 2021,&nbsp;

The quarterly performance, up 4.5%, is the highest in the country for the unit market.

[smartcode_project:default project_id=27815 project_image_fid=185118]

The median apartment value in Brisbane is now $468,393. At the start of 2021, it was just over $390,000.

Recent figures from PRD Research suggest price growth will continue. PRD calculate the&nbsp;the inner median unit price sits at $530,000. The middle is $467,000. The outer median sits at $397,000.

[smartcode_project:default project_id=102309 project_image_fid=163977]

&quot;The outer-ring provides affordability for first home buyers and is also the fastest growing,&quot; the report noted.

&quot;Buyers must be quick to secure their property.&quot;

&quot;There is a revival in the unit market after a period of price discounting in mid-2020.&quot;

Mosaic Property Founder and Managing Director Brook Monahan recently told Urban that he believes Brisbane apartment market has the most potential for growth in Queensland.

[smartcode_project:default project_id=107030 project_image_fid=172480]

&quot;There&#39;s just not enough high quality built form for owner occupiers wanting bigger units, and world class amenity, in the five kilometre ring around Brisbane,&quot; Monahan said, suggesting there&#39;s been a chronic undersupply for that type of buyer&nbsp;since around 2018.

&quot;That issue is getting worse, not better, with the amount of people still moving to Brisbane,&quot; Monahan added.

The quarterly performance, up 4.5%, is the highest in the country for the unit market

What happened to Brisbane apartment values over February?

Probuild&rsquo;s long-delayed 443 Queen St apartment project in Brisbane was a major contributor to the construction company&rsquo;s failure as costs ran out of control, according to industry insiders.

Huchinson Builders had bid for the project but could not compete with Probuild on the construction tender price.&nbsp;

With an estimated $5 billion in office, residential and infrastructure projects, Probuild had 18 major projects underway when administrator Deloitte Australia was appointed on Wednesday.

Due to its unique design the 443 Queen St tower has been described as a &quot;tropical high rise Queenslander.&quot;

&ldquo;We came second on that job but Probuild were well under us (on price),&rdquo; Hutchinson Builders chairman Scott Hutchinson told Brisbane&#39;s Courier Mail following the rival Probuild going into administration this week.

[smartcode_project:default project_id=6226 project_image_fid=37149]

&ldquo;Costs ran out of control,&quot; Hutchinson speculated.&nbsp;

&quot;Financiers are backing these projects without asking whether they have the balance sheet to complete the jobs.&rdquo;

He said clients also had a role to play ensuring the price of building a project added up for contractors.

&ldquo;The problem is some will want to get a backyard builder to construct the Opera House,&rdquo; Mr Hutchinson said.

Mr Hutchinson said his firm would be interested in taking on incomplete projects but it was too early to make any decisions.

Hutchinson noted that Probuild&rsquo;s South African parent Wilson Bayly Holmes-Ovcon (WBHO) had realised to its peril that the Australian construction industry was one of the toughest in the world to make money.

In a statement to the Johannesburg Stock Exchange on Wednesday, WBHO said the &ldquo;level of risk versus reward&rdquo; in the Australian construction market meant the company would no longer provide financial assistance to Probuild.

[smartcode_project:default project_id=6226 project_image_fid=37089]

Responsibility for the cost blowout of completion of the 47-level apartment tower at 443 Queen Street in the heart of Brisbane&rsquo;s CBD will now be taken up by its developer Cbus Property, which is understood to have approached Melbourne lawyers Arnold Bloch Leibler on Thursday to represent them. 
&nbsp; 
The press reports have suggested the project &quot;may be haemorrhaging as much as $120 million,&quot; The Australian reported.

WBHO blamed, in part, the Australian government&rsquo;s &ldquo;hardline approach of managing Covid-19&rdquo;.

&ldquo;A combination of border restrictions, snap lockdowns and mandatory work-from-home regulations for many sectors, has had a considerable impact on property markets,&rdquo; it said in a statement.&nbsp;

[smartcode_project:default project_id=6226 project_image_fid=37148]

Stronger-than-expected pre-sales for Cbus Property&rsquo;s 443 Queen had seen the construction announcement ahead of schedule in August 2017 with the appointment of &quot;tier 1 firm ProBuild.&quot; There was a 2020 completion schedule.

At the time, more than half of the 264 apartments had been sold as demolition of the office onsite and construction got underway at what was the last riverfront location in the Brisbane central business district.&nbsp;

The 47 storey tower which will include 106 one bedroom, 106 two bedroom and 54 four bedroom apartments saw 52 sales on its November 2016 launch weekend. Prices ranged from $569,000 for a one-bedroom apartment to $3 million for a four-bedroom. The vast majority of buyers were Brisbane owner occupiers, with 10 per cent of buyers from interstate.

By October 2020 when construction had been scheduled for completion, The Courier Mail reported it was only up to level 32 &nbsp;after a &quot;revolving door of Probuild site managers.&quot;

[smartcode_project:default project_id=6226 project_image_fid=37090]

A blunder had seen windows in nine levels pulled out which threw the work sequence out for plumbers, plasterers, tilers and other trades.

COVID-19 restrictions on the three lifts on site allowed only four people at a time instead of the usual 10, so with almost 200 workers on the job, it&rsquo;s taking some of them an hour before their work started.

Probuild wanted the trades to put in longer hours, but ran into opposition from the CFMEU.

There was one crane on site instead of two as the firm sought ways to cut costs.

The development application for the project was lodged with the Brisbane City Council in 2015, with subsequent extensive court delays from neighbours who were set to have their views impacted.

[smartcode_project:default project_id=6226 project_image_fid=37090]

Stronger-than-expected pre-sales for Cbus Property’s 443 Queen saw construction begin ahead of schedule in August 2017

jchancellor-FAypfDUnLy

Hutchinson Builders could seek 443 Queen St, Brisbane construction tender second time around

Property group Mirvac has secured the sellout of its Quay Waterfront Newstead project.

Mirvac is taking the next step by lodging a development application for Sky Stage 2, a part of its $1 billion Waterfront Newstead community on the Brisbane River.

Quay follows on from Mirvac&rsquo;s highly successful previous stages at Waterfront Newstead &ndash; Pier, Park and Unison.

[smartcode_project:default project_id=90553 project_image_fid=147606]

The Quay sellout was advised in its latest ASX update.

As sales neared 100 percent, Mirvac head of residential Stuart Penklis described the response to Quay as &quot;phenomenal.&quot;

The sales tally sat at just over half in the $180 million Newstead apartment tower last July.

With apartments priced from $382,000 across its 25 levels, Quay was designed by Mirvac&#39;s in-house design team.

[smartcode_project:default project_id=90553 project_image_fid=147612]

The expansive three and four bedroom sky pavilions started from $2,925,000.

The striking building, designed by Mirvac&#39;s award-winning in-house design team, will feature lush landscaping climbing the tower by landscape architect RPS. 
&nbsp;

Quay is part of the $1 billion Waterfront Newstead community on the Brisbane River

Mirvac secures sell out at Quay, Brisbane apartment project

Brisbane median unit prices have recovered from a dip in 2020, according to PRD Research.

With all rings recording positive price growth in 2021, the inner median unit price sits at $530,000. The middle is $467,000. The outer meidan sits at $397,000.

&quot;The outer-ring provides affordability for first home buyers and is also the fastest growing,&quot; the report noted.

&quot;Buyers must be quick to secure their property,&quot; it added.

The 2017-2021 price growth was 6% in the inner ring (+$30,001).

[smartcode_project:default project_id=102309 project_image_fid=163974]

The middle ring growth was 3.1% (+$14,000).

The outer ring growth was 6.4% (+$24,000).

The Brisbane market update report divides the city into the inner-ring (0-5km from the city), middle-ring (5-10km from the city), and outer-ring (10-20km from the city).

Units in all three Brisbane rings are selling for higher than the first list asking price, the report advised.

[smartcode_project:default project_id=31674 project_image_fid=175289]

&quot;There is a revival in the unit market after a period of price discounting in mid-2020.&quot;

Units in the outer-ring recorded the highest average premium of 2.7% while inner-ring units recorded the smallest premium.&nbsp;

The other indicator of an improved conditions for sellers is units are selling quicker, especially in the middle and outer rings as demand starts to shift due to an increase in people working from home.

The days to sell a unit continued to decline over the past 18 months to 46 days in the inner ring, 39 days in the middle and outer.&nbsp;

&quot;The Brisbane unit market is moving faster again, allowing for new stock to come to the market,&quot; it advised.

Off the plan projects in the inner ring include Bide in the heart of Newstead, 3 km from Brisbane CBD.

[smartcode_project:default project_id=102309 project_image_fid=163973]

Its one bedroom offerings sold out quickly in the 89 apartment project by Dibcorp Properties which was launched last year.

Elsewhere in the inner ring Mosaic will be launching its latest project in Toowong, which will be Mosaic&#39;s 11th project in six years in the inner-west.

Its prior projects have included Kensington by Mosaic, positioned directly across from the Toowong Memorial Park featuring 63, 2- and 3- apartments and a penthouse over nine levels.

[smartcode_project:default project_id=93863 project_image_fid=160903]

In the outer ring seaside suburb of Manly, 191 Stratton is a collection of contemporary one, two and three-bedroom residences by the developer, DeMartini Fletcher.

It is one block from the main waterfront.

[smartcode_project:default project_id=31674 project_image_fid=175290]

Designed by Ellivo Architects, the development embraces open-plan living and dining and landscaped balconies.

Set in the outer ring seaside suburb of Manly, 191 Stratton is a collection of contemporary one, two and three-bedroom residences

Brisbane apartment market selling faster with prices on the rise: PRD Research

All the talk has been about how the Gold Coast has dominated the South East Queensland apartment market since COVID triggered an exodus from the southern states.

And the fanfare around the coastal areas, with the majority of the country working from home for the last few years, has seen Queensland&#39;s capital fly quietly under the radar.

Mosaic Property Group Founder and Managing Director Brook Monahan believes&nbsp;the inner ring surrounds of Brisbane has the most potential of any market in the state, and is looking to invest even further across its development pipeline after building a solid reputation over the last 17 years across south east Queensland.

&quot;There&#39;s just not enough high quality built form for owner occupiers wanting bigger units, and world class amenity, in the five kilometre ring around Brisbane,&quot; Monahan said, suggesting there&#39;s been a chronic undersupply for that type of buyer&nbsp;since around 2018.

&quot;That issue is getting worse, not better, with the amount of people still moving to Brisbane,&quot; Monahan added.

<img alt="" height="684" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-31_at_4.06.43_pm.png" width="1028" /> 
The Witton in Indooroopilly, which Mosaic sold out last year

Data from the Australian Bureau of Statistics showed&nbsp;Queensland gained around 7000 people from net interstate migration over the March 2021 quarter alone.

&quot;With the amount of infrastructure being delivered across the city, not to mention international travel getting back to normal at some point this year and the pipeline of development in preparation for the 2032 Summer Olympics, there is just nowhere near enough housing stock.&quot;

The low stock is a pain point for the owner-occupier demographic, but not for investors, who Monahan says aren&#39;t quite back in full force just yet.

While Mosaic tend to cater for local owner occupiers&nbsp;in their developments, some investors who bought apartments to lease in Brisbane,&nbsp;have seen rental yields go through the roof.

&quot;If it&#39;s difficult to buy a larger apartment due to low supply, then the only option is to rent, and those who invested are benefitting from the tight supply and huge migration numbers,&quot; Monahan said.

Mosaic will be launching five projects in Brisbane across 2022,&nbsp;nine all up across South East Queensland. They&#39;ll be venturing into the Kangaroo Point and East Brisbane apartment markets&nbsp;after much success there in recent years, including the&nbsp;The Sinclair,&nbsp;which is fully sold out and due for completion mid this year.

One of their major focuses for the last eight years has been in Brisbane&#39;s inner west suburbs, which Monahan identified as a high growth area back in 2014. Last year they sold out&nbsp;The Witton in Indooroopilly, The Patterson in Toowong, and Kensington in Toowong, with all sales going&nbsp;to database buyers before hitting the open market.

The first to launch this year will also be in Toowong, which will be Mosaic&#39;s 11th project in the space of six years in the inner-west.

<img alt="" height="745" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/lissner_mosaic.jpg" width="1200" /> 
The soon-to-be-launched Toowong project.

The development, designed by DKO directly behind Toowong Shopping Centre, will offer a mix of large two and three-bedroom units and luxury penthouses.

The facade is inspired by the detailing and repetition of the traditional Queenslander. The veiled podium references the nearby Regatta Hotel on the Brisbane River.

There are four&nbsp;different zones on the rooftop. There&#39;s a&nbsp;wet zone,&nbsp;including&nbsp;pool and&nbsp;wet deck,&nbsp;with views to the city and river; a dining zone,&nbsp;including&nbsp;outdoor BBQ area and shelter&nbsp;overlooking the city&nbsp;and river; a wellness zone, which is a combination of a yoga lawn and gardens; and the multiuse zone to the south west which can be utilised for co-working during office hours or a communal kitchen and dining area after hours and on the weekends.

Mosaic Property Group boss Brook Monahan believes the inner ring of Brisbane has the most potential of any market in the state.



Why the Brisbane apartment market has the most potential in Queensland: Five minutes with Mosaic's Brook Monahan

Ethereal Residences, located in the&nbsp;leafy riverside suburb Indooroopilly, is a brand-new addition to the Brisbane&#39;s&nbsp;affluent western suburbs.

The Swann Road development of just 46 apartments is aimed at the owner occupier, suiting the upsizer, downsizer, and even the first home buyer demographic.

Designed in collaboration between Rothelowman and Carr Design, Ethereal Residence&nbsp;is pitched as lofty and light, and is named ethereal after the way the project&nbsp;appears to float above the lush landscape below.

[smartcode_project:default project_id=109830 project_image_fid=184166]

Urban has had a look at the project in finer detail and highlighted the key five drivers for buyers.

1. Thoughtful interiors

At Ethereal, Carr Design has created serene environments in the project&rsquo;s interior design, detail, scale and proportion.

&ldquo;The material palette that we&rsquo;ve chosen for Ethereal, relate to the colours and the palette that are drawn literally from nature&rdquo;, Carr&rsquo;s Chris McCue said.

[smartcode_project:default project_id=109830 project_image_fid=184948]

No matter which scheme residents choose, the tone and texture connect back to the Brisbane locale,

In the dark scheme, a rich materiality connects to the exterior fa&ccedil;ade and the urban streetscape, while the lighter scheme, through its sandy-coloured texture, alludes to the coastal energy of the Brisbane shoreline.

2. Elevated views

Residents of the Indooroopilly development enjoy elevated views thanks to the amazing opportunity that the topography presents.

All apartments offer expansive views across leafy, vegetated suburban contexts, with views to the north, east, south-east, and south.

[smartcode_project:default project_id=109830 project_image_fid=184950]

Rothelowman architect Duncan Betts notes that residences have generous connections to the outdoors through expansive verandah space.

&ldquo;Most apartments have a 270-degree aspect from their living, dining [and] kitchen, which I think is a unique offering&rdquo;, he said.

3. Green neighbourhood 

&ldquo;When people arrive to Ethereal, they&rsquo;ll feel that it sits beautifully in the landscape; the greenness, the lushness, the established canopies,&rdquo; FORM&#39;s landscape designer Matt Franzmann said.

Ethereal&#39;s landscaping was designed to provide&nbsp;a dense, green neighbourhood feel, with a series of smaller courtyards at ground-level.

&nbsp;

[smartcode_project:default project_id=109830 project_image_fid=184165]

Other green areas include rooftop recreation areas, elevated vegetation and canopy tree-lined spaces.

&ldquo;We want people to be able to have different opportunities to socialise, whether they just want to go up with their [partner] and have a glass of wine, or meet up with a group of friends&rdquo;, Franzmann said.

4. Great location

Situated less than seven kilometres from the Brisbane CBD, Indooroopilly boasts absolute convenience while still preserving a nice, quiet suburban feel.

[smartcode_project:default project_id=109830 project_image_fid=184164]

The dynamic landscape of Indooroopilly is one that is relaxed and comfortable, with the largest demographic recorded as independent youth.

Ethereal is in close proximity to both the University of Queensland and the Queensland University of Technology, as well as a selection of private and secondary schools.

5. Spacious floorplans

With all floorplans featuring at least two bathrooms, and some with an additional study, spacious layouts provide room for the whole family.

Expected to reach completion in late 2023, Ethereal creates meaningful experiences thanks to its bespoke and high-quality interiors and architecture.

[smartcode_project:default project_id=109830 project_image_fid=184949]

&ldquo;People will appreciate the quality and the bespoke, customised approach through the balustrade details, the curvilinear &ndash; almost draped concrete, high-quality brick, interplayed with the nice accents of dark metal&rdquo;, said Betts.

&ldquo;It&rsquo;s an aspirational piece.&rdquo;

[smartcode_project_cta: project_id=109830]

The Swann Road development of just 46 apartments is aimed at the owner occupier, suiting the upsizer, downsizer, and even the first home buyer demographic.

max.kwok_55688

Five reasons Ethereal Residences in Indooroopilly should be on a buyer's shortlist

The development of The Montague Markets precinct in Brisbane&#39;s West End kicked off some 15 years ago.

Now, the awarded Queensland property developer Pradella, has announced the final development in the masterplan that has breathed new life in to the West End area.

The Lanes at West End, which follows the sell-out success of Montague Markets and Enclave, is set to&nbsp;be the crown jewel in the $1.3 billion masterplan. Part of The Lanes will be Wave Residences, which will feature 138 apartments.

There will be a mix of one, two and three-bedroom apartments plus media rooms on offer, as well as an exclusive&nbsp;Penthouse Collection.

Future residents of The Lanes will have the added convenience of the rest of the masterplan being complete, with the already&nbsp;thriving Montague Markets retail precinct on their doorstep. The retail precinct features&nbsp;an array of dining options, services and stores including a full-line Woolworths.

The Lanes will feature resort-style amenities including an expansive 200 sqm lagoon pool with beach entry and an infinity edge overlooking the city, an impressive Rooftop Retreat spanning almost 2,000 sqm including a bar with sweeping views of Brisbane&rsquo;s skyline, a contemporary dining pavilion, and an opulent wellness retreat complete with mineral pool and steam room.

<img alt="" height="746" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-26_at_10.35.43_am.png" width="1112" />

Having delivered over 17 projects in West End since the year 2000, Pradella has partnered with bureau^proberts, LAT27 and Position Property to create&nbsp;The Lanes, which is focused to exceed the expectation of&nbsp;the rightsizer demographic, or those looking to invest.

Pradella Sales and Marketing Director, Lee-Anne Kielar, said that the announcement of The Lanes comes following the fast uptake of boutique residences at Montague Markets and Enclave, and that this may be the last chance for buyers to secure a luxurious contemporary apartment within the vibrant West End precinct.

&ldquo;There has been an unprecedented level of buyer demand for luxury apartments over the last couple of years and we anticipate The Lanes will follow suit in terms of popularity,&rdquo; Kielar said.

&ldquo;Residences have sold out so quickly that stage releases and construction were fast-tracked across both Montague Markets and Enclave to keep up with demand.

&ldquo;We are thrilled to be able to deliver Pradella&rsquo;s final West End residential development, The Lanes, which will conclude Pradella&rsquo;s $1.3 billion investment into this thriving inner-city locale. Not only is this a great achievement in terms of Pradella&rsquo;s construction milestones, but these masterplanned projects also showcase a level of upmarket living not seen before in this area.&rdquo;

Fast facts:

- Pradella&rsquo;s newest masterplanned community, The Lanes at Montague Markets, West End

- Superb selection of premier residences including one, two and three-bedroom apartments with media rooms, plus the stunning Penthouse Collection

- Resident-only amenities include architecturally landscaped gardens, picturesque pocket parks, a stunning Rooftop Retreat spanning almost 2,000sqm with private dining pavilion and bar, wellness retreat complete with mineral pool and steam room, and an expansive lagoon pool with infinity edge and sweeping views to the city.

- The final component of the Riverside West End masterplan, ultimately comprising three residential towers with city and suburban views

The Lanes at West End follows the sell-out success of Montague Markets and Enclave. Part of The Lanes will be Wave Residences, which will feature 138 apartments.



Pradella announce The Lanes, the final piece in West End's Montague Markets precinct

The Newstead Federal Boot Factory, bought by Brisbane billionaire John Van Lieshout last year, is set to go ahead with its apartment redevelopment.

Van Lieshout, the founder and former owner of the Super A-Mart furniture store chain, has however tweaked with the plans that he inherited when the 1821 sqm site at 14 Maud Street was bought.

They were designed by Joe Adsett Architects, and had planned for 52 apartments across nine levels.

New plans submitted to the Brisbane City Council see the Brisbane-based Ellivo Architects design a slightly more boutique project, with just the 41 apartments.

<a href="/new-apartments/federal-14-maud-street-newstead">To get the latest updates on the project and when it hits sales, enquire here</a>

<a href="/new-apartments/federal-14-maud-street-newstead"><img alt="" height="622" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/federal_ellivo_2.jpg" width="1200" /></a> 
The old plans, left, and new plans, right, proposed for the site. Image credit: Ellivo Architects

The plans are for a mix of two, three and four bedroom apartments, still across nine levels, with the rooftop being the focal point of the resident amenity.

Half of the roof is the huge 190 sqm penthouse with four bedrooms, a home office, and a 112 sqm wrap around balcony, while the other half has a communal&nbsp;outdoor dining room and kitchen&nbsp;and a swimming pool with day beds.

The project&nbsp;will be integrated with the old Federal Boot Factory on its heritage 1012 sqm lot, with the retention and adaptive reuse of the Goldsworthy and Perkins Boot Factory heritage building into ground floor retail.

<a href="/new-apartments/federal-14-maud-street-newstead">To get the latest updates on the project and when it hits sales, enquire here</a>

New plans submitted to the Brisbane City Council see the Brisbane-based Ellivo Architects design a slightly more boutique project, with just the 41 apartments

Newstead's Federal Boot Factory apartment development plans get refresh

Queensland developers were among some of the most active, and busy,&nbsp;in 2021.

The Gold Coast boomed as much as anywhere in the country, with interstate migration still seeing thousands move from the southern states, while Brisbane picked up an early burst of sentiment with the news they would be hosting the 2032 Summer Olympics.

Some of Queensland&#39;s top developers&nbsp;have been planning for 2022 and&nbsp;acquiring development sites, while also happy to leave any official project launch to near Christmas given the border reopening to prospective New South Wales and Victoria buyers.

We&#39;ve taken a look at who&#39;s been busy in the market, with site acquisitions and project launches, heading in to 2022.

<h2>Cube Developments</h2>

Cube Developments is one of the most well known developers on the Sunshine Coast. They&#39;ve built&nbsp;up their pipeline for 2022, with further site acquisitions&nbsp;in the lakeside suburb of&nbsp;Birtinya.

They recently secured a near&nbsp;9,000 sqm site in Cardinal&nbsp;Place, which will host up to 245 apartments, adding a further $100 million to Cube&#39;s&nbsp;Birtinya&nbsp;portfolio.

Cube, led by director Scott Juniper, recently submitted $75 million plans for Oasis Apartments, just 56 residences across three buildings at Bokarina Beach.

Juniper said that he expected the new sites acquired by Cube would&nbsp;relieve the pressure currently experienced in the Sunshine Coast housing market.

&ldquo;Our commitment to the Sunshine Coast is resolute and has culminated in a site where we can rapidly cater to the strong demand that we&rsquo;re experiencing,&rdquo; Juniper said.

Currently Cube are selling Seasons Birtinya, a two-building development of 146 apartments designed by Cottee Parker Architects.

&quot;The&nbsp;brief was to create a unique and elevated &#39;Work Rest Play&#39; environment in response to the post COVID lifestyle shift, with leading amenity for the Sunshine Coast,&quot; Cottee Parker director Sandra Browne told Urban.

[smartcode_project:default project_id=106957 project_image_fid=184876]

They also have in market Nature by Cube, a luxury project at Cotton Tree.

<h2>Siera Group</h2>

The Brisbane-based Siera Group will be heading in to 2022 ready to launch their first Gold Coast apartment project.

Dubbed Tapestry, designed by BDA Architecture to&nbsp;pay homage to the Island&#39;s new Home of the Arts precinct,&nbsp;will have 83 apartments across its 17 levels.

Offering two and three-bedroom apartments, Tapestry will be crowned by an exclusive resident rooftop featuring a resort-style&nbsp;swimming pool with day beds, a spa, and a pool deck. A&nbsp;barbecue and alfresco area, will sit in landscaping, as will dining surrounded by an edible garden.

There&#39;s set to be a private dining space with a terrace and fire pit, a gym with sauna and steam room, and a lounging area with a lawn.

[smartcode_project:default project_id=108641 project_image_fid=179071]

The Brisbane-based development and construction firm is headed by&nbsp;managing director&nbsp;and founder Brent Thompson, who sits on the board of UDIA QLD and chairs the Brisbane&nbsp;City Council&nbsp;Policy&nbsp;Committee.

Thomson said he wanted to create something that was targeted at a wider net, rather than the multi million dollar apartments that are limited to the fortunate few.

&quot;We want the local owner occupier, who could be living&nbsp;in a medium-size house in the area, to be able to downsize or rightsize, or have others who just want to find a new lifestyle, and have the opportunity to do so without being priced out.&quot;

Siera is committed to the Gold Coast, having also snapped up a further development site, on the dress circle Garfield Terrace where they intend to create an owner-occupier driven boutique collection of apartments.

<h2>Aria Property Group</h2>

The Brisbane-based Aria Property Group recently secured council approval for Urban Forest, a Koichi Takada-designed South Br​isbane apartment development which when proposed last year was dubbed &quot;the world&#39;s greenest residential tower&quot;.

The project, some 194&nbsp;apartments across 18 levels, was slated to have&nbsp;over 1,000 trees and 20,000 plants when it was going to be 392 apartments across 30 levels before the size was reduced. Now there will be 550 trees and 25,000 plants.

A mix of two, three and four-bedroom apartments, Urban Forest will also feature a cafe, 1,450 sqm ground floor park, a rooftop rec deck with pool, gym, dining room, cinema, spa with hot and cold pools, sauna &amp; steam rooms, workspace, wine room, resident&rsquo;s lounge and bar and bbq areas.

<img alt="" height="910" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aria_south_brisbane.jpg" width="1200" />

Also in the pipeline is a&nbsp;Kangaroo Point apartment development.&nbsp;Dubbed Riviera, the complex between&nbsp;470 and 480 Main Street will have&nbsp;124&nbsp;apartments across 12 levels.

Aria, who recently won two awards at the 2021&nbsp;QLD Master Builders Award for its West End apartment development, Tree House,&nbsp;just sold out Trellis, their most sustainable project to date.

Aria has been led by its managing director, Tim Forrester, since he founded the company in 2003.

<h2>FORME</h2>

The local developer FORME has just launched its second Koichi Takada-designed&nbsp;apartment project on the Gold Coast.

Sea, at 96 The Esplanade in Burleigh Heads, has just 30 apartments across its 17 curved levels.&nbsp;

[smartcode_project:default project_id=99968]

&quot;Since the scaffold dropped at Norfolk, the building has quickly become an icon&quot; FORME managing director David Calvisi said, with the architecture flooding social media.

Even the popular beach photographer&nbsp;Aquabumps have prints available of the iconic facade.

&quot;Norfolk has been a great success and it was important we carried the key elements of its success, mainly via the architecture, through the design at 96 The Esplanade&quot;, Calvisi added.

[smartcode_project:default project_id=99968 project_image_fid=159159]

Sea will have 23 half-floor apartments of around 220 sqm, as well as three full-floor residences with around 440 sqm of space.

Calvisi&#39;s eye next year will be on Brisbane, where he has a striking commercial development on James St, and recently secured a site on Doggett Street which will home around 30 apartments.

<h2>MOSAIC PROPERTY</h2>

After constant sell outs in 2021, Mosaic are certainly one to watch in 2022. They will be launching seven apartment projects all up next year.

Their most recently announced will be their first in Bilinga, just north of Coolangatta, where SJB Architects has designed a seven-level, 13-apartment building at 1 Surf Street.

<img alt="" height="729" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/surf_st_bilinga_mosaic_0.jpg" width="1200" />

They have Florence, on Burleigh Heads The Esplanade, and a project in Brisbane&#39;s Toowong.

One of the most impressive is likely to be Florence by Mosaic, nine full-floor apartments across nine levels, also in Burleigh Heads.

Last year was one of Mosaic&#39;s biggest since it was founded by its managing director Brook Monahan. They sold&nbsp;out L&#39;Orient on the Sunshine Coast, The Witton in Brisbane&#39;s Indooroopilly, and Kensington in Toowong, all to database buyers.

<h2>ANIKO GROUP</h2>

Responsible for transforming a large section of Hope Island, Aniko will be continuing their development on the Gold Coast island&nbsp;in 2022.

Next year, pending approval, the George Mastrocostas-led Aniko will launch their latest project at 10 Sickle Avenue, a further 185 apartments spread across two buildings.

They&#39;ve&nbsp;had their go-to architecture firm, the local Archidiom, create&nbsp;plans for the two mid-rise buildings, focused around a central recreation area feature a pool, gym, theatre, residents lounge and outdoor seating and lawns.

It will join their recently approved Athena Residences, at 6-8 Sickle Avenue.

[smartcode_project:default project_id=95317 project_image_fid=171840]

Also launching next year will be their $52 million gated townhouse project at&nbsp;31-35 Grant Avenue.

The development, dubbed No.35 Grant Avenue, will see 48 townhouses developed, as well as 10 waterfront duplex villas,&nbsp;designed to reflect upmarket city-inspired living. The project will centre around an expansive park precinct with walkways and gardens.

Aniko&nbsp;is also preparing to submit an application for marina berths which will be available for sale.

<h2>HABITAT DEVELOPMENT GROUP</h2>

The local Sunshine Coast developer, Habitat Development Group, will be launching two projects to the market in 2022.

In August Habitat&nbsp;lodged plans for St Clair Apartments, some 200 apartments on Lake Kawana in&nbsp;Birtinya.

There will be 100 apartments in each eight-level building, made up of 46 two-beds, 119 three-bedroom apartments, making up 60 per cent of the development, and 35 four-bedroom and penthouse apartments.

<img alt="" height="664" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/st_clair_habitat_main.jpg" width="1200" />

Habitat Development Group managing director Cleighton Clark said they are excited about the project and look forward to Habitat playing its part in the growth and evolution of the&nbsp;Birtinya&nbsp;lakeside precinct.

&quot;There&rsquo;s already been some exciting momentum created by&nbsp;Stockland&nbsp;and other strong local developers,&quot; Clark said, adding that the&nbsp;Birtinya&nbsp;precinct was awarded the 2020 National UDIA Award for Master-planned Development.

Their other project will be The Corso, their second&nbsp;from Economic Development Queensland (EDQ)&nbsp;in the new&nbsp;Maroochydore&nbsp;CBD, having sold out their $83 million Market Lane project.

The new $94 million development, will include two towers, one 15-storey tower offering 116 apartments, including five penthouses, and an eight-storey tower, comprising 42 apartments and 715sqm of retail space.

Designed by Sunshine Coast-based K Architecture, the project will include a large resort pool on the ground floor and a communal rooftop terrace on level four connecting the two towers.

<h2>SHERPA PROPERTY GROUP</h2>

Sherpa were another developer with a stellar 2021.

Their Perspective range, including Perspective Two Sea and the neighbouring Perspective Nexus in Palm Beach were&nbsp;immensely popular, selling out within weeks of each other earlier this year.&nbsp;

Perspective Two Sea hadn&#39;t even officially launched, with buyers between $3.5 million to $4.75 million coming forward from their&nbsp;database.

Actively looking for further development sites, Sherpa recently secured a Mermaid Beach block at&nbsp;72-74 Albatross Avenue, one of the suburb&#39;s premier streets, just off Hedges Avenue.

<img alt="" height="816" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sherpa_albatross.jpg" width="1200" />

That will see Perspective Albatross constructed, just eight beachfront apartments. There will be six three-bedroom apartments and two whole-floor penthouses designed by Cottee Parker.

Also expected to launch in 2022 is Perspective Broadwater, just six apartments&nbsp;in Biggera Waters, and Perspective Nexus, 34 three-bedroom apartments across 14 levels.

The Gold Coast boomed as much as anywhere in the country, with interstate immigration still seeing thousands move from the southern states

Top 8 Queensland developers to look out for in 2022

Following on from its successful sell-out of Maison, the high-quality Brisbane home and apartment builder,&nbsp;GRAYA, is set to deliver another luxury&nbsp;apartment block in New Farm.

Graya, who recently branched out in to luxury apartment market after successfully creating a number of well documented transformations of contemporary&nbsp;Queenslanders and ultra high-end new builds across Brisbane, has lodged development plans for York, just five full-floor apartments at 299 Bowen Terrace.

The five-level building will be crowned by a rooftop terrace with a wet edge pool and day beds, a fire pit area,&nbsp;lounge and dining spaces, and a bar.

<a href="/new-apartments/york-new-farm-299-bowen-terrace-new-farm-qld-4005">To be the first to know when York hits the market, enquire here.</a>

<img alt="" height="1051" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/york_new_farm_2.jpg" width="1200" /> 
The boutique complex of just five apartments. Image credit: bureau^proberts

Each of the apartments, spanning nearly 250 sqm of internal space and over 20 sqm of balconies, will have three bedrooms,&nbsp;each with an ensuite, a second living area, and a study.

&quot;York brings something both familiar and new to the historic quarter of New Farm, contributing respectfully to an enclave known for its characteristic Art Deco Residences,&quot; architecture firm bureau^proberts wrote in their design statement submitted to the Gold Coast City Council.

<a href="/new-apartments/york-new-farm-299-bowen-terrace-new-farm-qld-4005">To be the first to know when York hits the market, enquire here.</a>

&quot;Drawing on the details of the Art Deco period, the architecture creates rich embellishments in glass, metal and concrete, architectural elements give character to what is ultimately a place the sophistication of New York City translated into the context of a vibrant subtropical city.

&quot;Toward the street, strong vertical elements are reinforced by corbelled concrete rising to create a corner landmark.&quot;

<img alt="" height="606" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/york_graya.jpg" width="1200" />

Led by founders, brothers Rob and Andrew Gray, Graya secured a sell-out of its maiden apartment development, Maison in New Farm, and&nbsp;is preparing to launch their second apartment development, Canvas, a mix of 21 two, three and four-bedroom apartments.

Speaking to Urban, Andrew Gray said the team at GRAYA are really&nbsp;focussed on delivering a quality product in a premium location.

&quot;York will be five&nbsp;full floor apartments in one of New Farm&rsquo;s best pockets.&nbsp;The level of detail and quality of finish will be a step up from Maison so we&rsquo;re really exited to see how the market responds,&quot; Gray said.

Gray says in 2021 the&nbsp;high-end unit market went from strength to strength,&nbsp;with all quality developments selling out well before construction was completed.

<a href="/new-apartments/york-new-farm-299-bowen-terrace-new-farm-qld-4005">To be the first to know when York hits the market, enquire here.</a>

The five-level building will be crowned by a rooftop terrace with a wet edge pool and day beds, a fire pit area, lounge and dining spaces, and a bar

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