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.

Joel Robinson

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

The Gold Coast Planning Committee has supported the preliminary approval for the Benowa Gardens Urban Village project following an extensive community consultation and assessment process.

The proposal will now proceed to a full council vote on June 2.

The application sought approval for a masterplanned urban village on the existing Benowa Gardens Shopping Centre site, combining new housing, retail, dining, health and lifestyle amenities within a walkable, integrated precinct.&nbsp;

The proposed redevelopment includes around 413 apartments integrated above a revitalised mixed-use centre featuring a full-line supermarket of 4,000 sqm, 6,000 sqm of specialty retail and dining space across around 30 retailers, a 7,000 sqm health and wellness precinct, and roughly 9,630 sqm of office and medical suites.&nbsp;

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="fb36ae47-80bc-45f0-9914-31b0c7b6007d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C4%201121%20FI.jpg?VersionId=6mRKk2uU4r67TmTt39DKGUlvFRbTVqWa" />

The broader masterplan also includes very significant traffic and transport improvements, wide pedestrian walkways, upgraded pedestrian and cycle connections, and enhanced public areas designed to create a more connected and walkable community environment.&nbsp;

Centre owner Patrick Lu said the milestone reflected months of detailed planning, technical assessment and ongoing communication with local residents, businesses, schools and stakeholders.

“We appreciate the time, consideration and care Council officers and the Planning Committee have given this proposal throughout the assessment process,” Lu said.

“We also sincerely thank the local community for engaging with us, sharing feedback and participating in the consultation process over many months.

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="32fd1fc3-d0e6-485f-ac57-9916c9bcb818" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/PR26576%20Ashmore%20Road%20C5%201121%20FI_2.jpg?VersionId=fz8qQKDBLQ7MyFRc856Zccfbh9nFwLOe" />

“We understand projects of this scale bring questions and concerns, which is why we have worked hard to listen carefully, provide information transparently and continue refining elements of the proposal where possible.

“Our vision has always been to create a well-designed, community-focused urban village that responds to the changing needs of the Gold Coast, while delivering improved amenity, housing diversity, healthcare access and local lifestyle benefits.

“This proposal is about creating a genuine live-work-play environment where residents can access everyday services, schools, healthcare, dining, shopping and green space within walking distance, while also supporting local jobs and economic activity.”

<img alt="$1b Benowa Gardens Urban Village moves to Full Council following Planning Committee support" data-entity-type="file" data-entity-uuid="50dfbd04-590e-4fc6-983b-766880947867" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Dining%20Day%20Time%20-%20High%20Resolution.jpg?VersionId=BP7ZoKJ0DdL_8iRkkC8VVx99moICV6kg" />

Lu said the proposal had evolved significantly through consultation and technical review, particularly around traffic, pedestrian and student safety and neighbourhood connectivity.&nbsp;

Melissa Griffin, Director at Urbis, said the recommendation recognised the strategic importance of delivering more housing and services within established urban areas already supported by infrastructure.

“This proposal represents the type of thoughtful, integrated growth that planning frameworks across South-East Queensland are encouraging,” Ms Griffin said.

“The project seeks to place housing, retail, healthcare and employment opportunities together in a highly accessible location close to schools, transport and existing services.

“Importantly, the process has involved significant technical assessment and community engagement to ensure local issues and feedback were properly considered throughout the planning pathway.”

$1 billion Benowa Gardens Urban Village heads to council vote following Planning Committee support

Surfers Paradise is officially set for its first new residential development with a 45-storey skybridge connecting the two towers.

John Camilleri’s Celestino Developments has been given the green light by the Gold Coast City Council to develop its major beachfront precinct across its huge 4,000 sqm oceanfront site at <a href="https://www.apartments.com.au/new-apartments/63-79-garfield-terrace-surfers-paradise-qld-4217">63–79 Garfield Terrace</a>, just five months after its <a href="https://www.apartments.com.au/news/qld/first-look-exclusive-billionaire-winx-breeder-s-bold-two-tower-surfers-paradise-play-with-45th-storey-skybridge">submission in late 2025</a>.

The approved scheme will deliver two towers rising 55 and 48 storeys, connected by a skybridge positioned on level 45 that will house a range of resident-only wellness and entertainment spaces.

In its notice of approval, the Gold Coast City Council said the&nbsp;proposed overall built form has been designed to complement the scale, intensity and protect the adjacent amenity and surrounding streets through the use of varied setbacks, site cover and architectural elements.

<img alt="First look exclusive: Billionaire Winx breeder’s bold two-tower Surfers Paradise play with 45th-storey skybridge" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-30%20at%209.53.48%E2%80%AFAM.png?VersionId=ADyPJ_TFbJvSU9wZFOiCBnlPtgF7VWqW" />

Designed by <a href="https://www.apartments.com.au/architects/dbi">DBI</a>, the development will comprise 275 apartments across the two towers, including a mix of two-, three-, and four-bedroom residences, as well as several penthouses. The apartments will sit above a landscaped podium featuring more than 90 metres of beachfront pool frontage, private resident lawns, lounges, and wellness spaces.

DBI said the design draws heavily from the movement and form of the coastal environment, with curving balcony lines and sculpted façades intended to soften the scale of the towers while maximising ocean outlooks and passive shading outcomes.

“The project occupies a rare, uninterrupted oceanfront site and has been shaped by a design philosophy that merges architectural elegance with environmental responsiveness and a carefully curated lifestyle experience,” DBI said in planning documents submitted to the Gold Coast City Council.

The most distinctive element of the approved project is the skybridge linking the two towers at level 45. The elevated communal space is planned to include executive lounges, formal dining areas, wellness facilities, and panoramic ocean-facing outlooks.

“The skybridge enhances the identity of the development, promotes social interaction, and delivers a lifestyle experience not found elsewhere on the Gold Coast,” DBI said.

At podium level, residents will have access to a suite of resort-style amenities, including resident lounges, private dining rooms, a yoga lawn, gymnasium, plunge pools, and treatment spaces. The beachfront pool has been designed with separate lap, lounge, and children’s areas extending across the width of the site.

The project will also introduce new food and beverage offerings along the Enderley Avenue and Oceanway frontages, contributing additional activation to the beachfront precinct.

First look: Winx billionaire’s beachfront Surfers Paradise apartment development greenlit

Brisbane off the plan apartments

Brisbane developer Shayher Group has revealed the first stage of its highly anticipated Bulimba Barracks masterplan.

<a href="/developers/shayher-group">Shayher</a> secured the <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">Bulimba Barracks</a> in 2020, buying it from the Department of Defence who had owned it since 2015 when the Commonwealth government disposed of the site as a defence asset.

Since 2020 the majority of the buildings that were part of the barracks from World War II to the 1980s have been demolished. The only building that has been retained is the fabrication workshop which was a barge building shop in World War II.

That will form one of three buildings for the <a href="/new-apartments/bulimba-barracks-stage-1-167-apollo-road-bulimba">first stage of the redevelopment</a> of the 20.73-hectare site. Shayher is first focusing on a 6,382 sqm block fronting Apollo Road in the northwest corner of the site. They're planning two low-rise apartment buildings with 69 apartments, separated by a laneway from the fabrication workshop which will be restored.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="20c132a1-f7e0-4120-9d19-c594aa89f9e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%209.44.29%20am.png?VersionId=28UWuHHWpkdbXnno5yIT333N4LdhYD9a" />

The fabrication workshop will home a display suite during the market and construction phase of the development, before being converted into a food and beverage hospitality venue with a cafe and outdoor dining next to the Brisbane River.

Shayher had Buchan Group put together the plans for the two three-level buildings. While not having to bow to strict heritage rules given the former factories on the block had been torn down, there was the consciousness that the buildings be located, designed and constructed to reflect the footprint, overall bulk, and scale of the WWII buildings.

The 69 apartments will be split across two buildings that will be divided by a central community garden, complete with a 13-metre resident swimming pool, activities lawn, sauna, outdoor dining cabana and cabana lounges. Each building will have a rooftop garden with golf-putting greens and open lawn spaces for yoga and lawn bowls. One rooftop will have a reduced-size pickleball court.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="935d39ed-5b74-4d3a-a28b-7e5a90bdede2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%209.44.43%20am.png?VersionId=tDMrv1X818lMTsOsN1qaM7fWw7ViUAbW" />

There will be 10 one-bedroom apartments on offer, 38 two-beds and 21 three-bedroom units. They will sit above 180 basement parking spaces.

Buchan Group said in their Urban Context Report the <a href="/new-apartments/bulimba-qld-4171">Bulimba</a> Barracks represents an eastern gateway to the river’s edge and symbolises the continuing evolution of Brisbane’s inner city.

"The intent is to start creating a new neighbourhood as envisioned in the Masterplan approved in 2022, which seamlessly integrates with adjoining neighbourhoods and surrounding residential areas providing new opportunities for connectivity and access to the riverfront," the architecture firm said.

<img alt="Bulimba Barracks" data-entity-type="file" data-entity-uuid="9753bc6e-8a40-4372-9ce9-407b046c5240" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-13%20at%2010.18.50%20am.png?VersionId=Z_GE9Amz0oTdce6ntn6U5867g5Enuso2" />

They said the development&nbsp;offers an exciting opportunity for the renewal of an underutilised site and activation to the surrounding area.

"The focus for the development will be on providing a new offering to the local area. The fabrication workshop will be retained and adapted to create a new community heart that will provide a strong visual identity for the neighbourhood and new neighbourhood centre."

Development of the site is set to occur over the next five to 10 years, broadly following the masterplan layout in the Bulimba District Neighbourhood Plan.

Shayher has experience delivering multi-stage developments in Brisbane. They've previously created the $1 billion mixed-use precinct, Brisbane Quarter on George Street. That features three towers, a mix of residential and commercial next door to Brisbane Square and behind Brisbane City Hall.

Development of the site is set to occur over the next five to 10 years, broadly following the masterplan layout in the Bulimba District Neighbourhood Plan.



First look exclusive: Shayher Group file for first stage of Bulimba Barracks

Buyer demand across the country is shifting to units as housing affordability continues to put a strain on budgets.

Research by property data analytics company CoreLogic shows worsening affordability, particularly in capital city markets where house prices have soared.

CoreLogic Economist Kaytlin Ezzy says demand is now tilting towards unit and apartment living due to affordability concerns, particularly in capital cities.

"House values surged nearly 40 per cent since March 2020, while unit values rose 17.9 per cent, indicating the widening gap between house and unit values," Ezzy says.

<img alt="House vs Unit growth" data-entity-type="file" data-entity-uuid="488729a0-d3ea-441b-952b-da4978c13edb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/2405_COTM.PNG?VersionId=J38cRtz3_VtXJL8a4njyWTPBtzxbrtDd" />

&nbsp;

Hobart is the only capital that saw stronger value growth in houses (0.8 per cent) compared to units (0.6 per cent) over the three months to April.

"Given the worsening affordability environment and the growing possibility that interest rates could be higher for longer, it's unsurprising that demand has skewed towards the more affordable unit sector," Ezzy added.

Over the three months to April, lower quartile dwelling values rose three per cent, more than twice the pace of upper quartile values (1.1 per cent), with growth conditions continuing to be skewed toward the more affordable section of the market.&nbsp;

Read more:&nbsp;<a href="/news/nsw/city-beat-may-2024-sydney-unit-growth-doubles-houses-in-april">City Beat May 2024: Sydney unit growth doubles houses in April</a>

Read more:&nbsp;<a href="/news/qld/city-beat-may-2024-gold-coast-unit-market-continues-to-surge">City Beat May 2024: Gold Coast unit market continues to surge</a>

Read more:&nbsp;<a href="/news/qld/city-beat-may-2024-brisbane-unit-growth-doubles-houses-in-april">City Beat May 2024: Brisbane unit growth doubles houses in April</a>

The prolonged high-interest rate environment has seen buyer demand continue to skew towards more affordable housing alternatives, with most capitals now recording stronger growth in the more affordable unit sector

Staff Writer

Apartment and townhouse value growth surges ahead of houses amid tightening affordability: CoreLogic

Brisbane's unit growth over April was so strong that it doubled the growth in its house market, which in itself was the third best performing capital city house market in the country.

CoreLogic's Home Value Index showed unit values in the Queensland capital jumped another 1.6 per cent, compared to the 0.8 per cent growth in houses.

It was a fourth straight month of one per cent plus gains in the unit market, which is now up 6.2 per cent over&nbsp;2024, the second best performing capital city unit market only behind Perth (8.2 per cent).

The median value for units in Brisbane has now risen over $600,000 for the first time and is closing the gap on Melbourne's median unit value ($613,000).

<h2>What happened in Brisbane's off the plan apartment market in April?</h2>

The biggest news in the off the plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop <a href="/new-apartments/sorano-house-kangaroo-point-12-hamilton-street-kangaroo-point">Sorano House</a>&nbsp;in&nbsp;<a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>&nbsp;sold for $14 million, setting a price per square metre record

The sale, to a local, reflected an internal price per sqm of over $45,000, bettering the former record at&nbsp;<a href="/new-apartments/moray-house-65-moray-street-new-farm">Moray House</a>&nbsp;by&nbsp;<a href="/developers/spyre-group">Spyre Group</a>&nbsp;in&nbsp;<a href="/new-apartments/new-farm-qld-4005">New Farm</a>, which set the record at $35,000 per sqm late last year.

The penthouse, with 311 sqm of internal living space, a 39 sqm balcony and a 333 sqm rooftop, is one of just seven apartments in the Hamilton Street development by&nbsp;<a href="/developers/trezetto-developments">Trezetto Development</a>.

[smartcode_project:default project_id=6206 project_image_fid=231550]

There was more news from the affluent riverside suburb in April with&nbsp;<a href="/news/qld/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast">Pikos Group</a>&nbsp;securing approval for their latest instalment of apartments in Kangaroo Point.

Having launched Skye Residences late last year, Pikos has been given the green light for&nbsp;Gaia, two 15-level buildings&nbsp;designed by&nbsp;<a href="/architects/dko-architecture">DKO Architecture</a> at&nbsp;<a href="/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point">108 Lambert Street</a>&nbsp;which will home 215 apartments and a full acre of inner-city parklands in the process.

<img alt="Pikos Group secures approval for Gaia Kangaroo Point apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Gaia_0.png?VersionId=4s4TxYvYiVdAXS.zvdzYcdPMrzQRA2z6" />

<a href="/news/qld/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast">Pikos Group</a>&nbsp;founder and Executive Director Pedro&nbsp;<a href="/developers/pikos-group">Pikos</a>&nbsp;said the vision for Gaia has been a decade in the making and follows the amalgamation of eight individual lots to create 5,284 sqm of pure river frontage.&nbsp;

Read more: <a href="/news/qld/pikos-group-secures-approval-for-gaia-kangaroo-point-apartments">Pikos Group secures approval for Gaia Kangaroo Point apartments</a>

Prominent developer Aria is making further moves in Kangaroo Point, securing the site next to their approved <a href="/new-apartments/canopy-house-by-aria-58-62-leopard-street-kangaroo-point">Canopy House</a> project which has allowed them to go back to the drawing board and make the project bigger.<img alt="First look: Aria bulk up Canopy House in Kangaroo Point by buying next door" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-16%20at%208.29.27%20pm.png?VersionId=EcbkV1.4aU3qa_g5kxyNXsrkqKpgJOuZ" />

They're trying to bulk up the development, now across 2,300 sqm at 50-62 Leopard Street, proposing to add a further four levels to the 29-level tower by <a href="/architects/rothelowman" target="">Rothelowman</a>. That will see it add a further 60 apartments, taking it from 136 units to 196.

Read more: <a href="/news/qld/first-look-aria-bulk-up-canopy-house-in-kangaroo-point-by-buying-next-door">First look: Aria bulk up Canopy House in Kangaroo Point by buying next door</a>

Brisbane townhouse developer <a href="/developers/tocu-properties">Tocu Properties</a> is too looking central with their first apartment tower.

They've looked to&nbsp;<a href="/developments/west-end-qld-4101">West End</a> where they've had&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>&nbsp;draw up plans for a seven-level apartment development on a six-lot amalgamation, one of the last remaining infill development sites.

<img alt="First look: Tocu Properties file West End apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-08%20at%202.55.00%20pm.png?VersionId=kmmVDJLDjORu2KAAqTiHkM1FwIhGBEPp" />

The proposal is for 42 two and three-bedroom apartments, 30 of which will have an additional multi-purpose room.

Read more: <a href="/news/qld/first-look-tocu-properties-file-west-end-apartment-plans">First look: Tocu Properties file West End apartment plans</a>

The Gold Coast-based architecture firm&nbsp;<a href="/architects/contreras-earl-architecture">Contreras Earl Architecture</a>&nbsp;is continuing to add its striking design eye to Brisbane.

Having submitted&nbsp;<a href="/news/qld/first-look-architectural-apartments-set-for-st-lucia">plans for Vista in St Lucia late last year</a>&nbsp;for five striking apartments,&nbsp;Contreras Earl Architecture has put together a design for Victa's next project in the neighbouring&nbsp;<a href="/new-apartments/taringa-qld-4068">Taringa</a>.

The project, dubbed La Flor at 128-130 Swann Road will replace two single-level houses on 1,042 sqm.

<img alt="First look: Contreras Earl pen new Taringa apartment project, La Flor" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.32.15%20pm.png?VersionId=axXVW32r_DyNT1ZFLyGBSZCj1l6xzUZj" />

La Flor draws inspiration from nature, with its design metaphorically likened to the unfolding petals of a flower and translates into an architectural interplay between openness and enclosure.&nbsp;

The six-level building will have eight three-bedroom apartments and a four-bedroom penthouse with a private rooftop. The rest of the rooftop is reserved for resident amenities, comprising a resort-style pool, a sauna, extensive seating, barbecue spaces and sun lounges.

Read more: <a href="/news/qld/first-look-contreras-earl-pen-new-taringa-apartment-project-la-flor">First look: Contreras Earl pen new Taringa apartment project, La Flor</a>

Another interesting development application came in from the Melbourbe-based&nbsp;diversified investment group and property developer <a href="/developers/salter-brothers">Salter Brothers</a>.

Salter Brothers, who own and operate a handful of retreats across the Gold Coast and outer Brisbane through their Spicers Retreats brand which they acquired in late 2022, is seeking&nbsp;to demolish the Mercure Brisbane Garden City Hotel in&nbsp;<a href="/new-apartments/upper-mount-gravatt-qld-4122">Upper Mount Gravatt</a>&nbsp;and develop a new 17-level apartment building at 18 Macgregor Street.

<img alt="First look exclusive: Salter Brothers plot new Brisbane apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-23%20at%201.23.47%20pm_0.png?VersionId=LH.BweyVRU7hUcA4BfOYHT5O630PJLYQ" />

They've had&nbsp;<a href="/architects/bates-smart" target="">Bates Smart</a>, who has worked more in Sydney and Melbourne since it was founded in the mid-1850s, create the plans for the mixed-use building that will have 101 apartments above a four-level podium. That will home a 90-space childcare centre and parking for 107 cars.

The debut project will rise on a 5,356 sqm site ideally located a five-minute walk from Garden City Westfield, one of Brisbane's largest shopping centres.

Read more: <a href="/news/qld/first-look-exclusive-salter-brothers-plot-new-brisbane-apartments">First look exclusive: Salter Brothers plot new Brisbane apartments</a>

The biggest news in the off the plan apartment market in Brisbane came from the riverfront where the two-level penthouse atop Sorano House in Kangaroo Point sold for a record $14 million

City Beat May 2024: Brisbane unit growth doubles houses in April

Brisbane is crying out for new supply in the off the plan apartment market.

Confidence in the Queensland capital is at an all-time high, and there's no suggestion of a slowdown in demand.

Assisting in the growth in the unit market is the lack of new projects. There's not been a release of a new apartment development, certainly nothing close to a tower development, in months.

Developers have been active however over April, which bodes well for Brisbane's future supply.

Of course, these projects won't be realised for several years, with the approval phase, marketing, and then the build generally making the lifespan of a new development between four to five years, depending on density and the speediness of the approval process.

We've wrapped up the top five apartment developments that were submitted to the Brisbane City Council in April.

<h2>Address: 18 Macgregor Street, Upper Mount Gravatt</h2>

<h3>Developer: Salter Brothers</h3>

One of the most interesting apartment developments submitted in Brisbane in April was in <a href="/developments/upper-mount-gravatt-qld-4122">Upper Mount Gravatt</a>, where&nbsp;diversified investment group and property developer <a href="/developers/salter-brothers">Salter Brothers</a>&nbsp;has sought to create their first project in Brisbane.

Salter Brothers is seeking to demolish the Mercure Brisbane Garden City Hotel&nbsp;and develop a new 17-level apartment building at <a href="/new-apartments/18-macgregor-street-upper-mount-gravatt">18 Macgregor Street</a>.

<img alt="First look exclusive: Salter Brothers plot new Brisbane apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-23%20at%201.25.21%20pm.png?VersionId=7_hXoO1RkzCAYSX0V_05iv_vT4kAgzO5" />

They've had <a href="/architects/bates-smart">Bates Smart</a> create the plans for the mixed-use building that will have 101 apartments above a four-level podium. That will home a 90-space childcare centre and parking for 107 cars.

There will be eight apartments per floor, six two-beds and two three-bedders. The apartments are expressed as "gently undulating petals," Bates Smart wrote in their submission to the Brisbane City Council.

Read more: <a href="/news/qld/first-look-exclusive-salter-brothers-plot-new-brisbane-apartments">First look exclusive: Salter Brothers plot new Brisbane apartments</a>

<h2>Address: 28 Beesley Street, West End</h2>

<h3>Developer: Tocu Properties</h3>

<a href="/developers/tocu-properties">Tocu Properties</a>, which has been developing townhouses across Brisbane's inner-ring suburbs, is moving into the apartment market in the <a href="/developments/west-end-qld-4101">West End</a>.

They've had&nbsp;<a href="/architects/woods-bagot">Woods Bagot</a>&nbsp;draw up plans for a seven-level apartment development on the corner of Beesley and Filmer streets, one of the last remaining infill development sites within the highly sought-after West End precinct.

<img alt="First look: Tocu Properties file West End apartment plans" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-08%20at%202.55.00%20pm.png?VersionId=kmmVDJLDjORu2KAAqTiHkM1FwIhGBEPp" />

The proposal is for 42 two and three-bedroom apartments, 30 of which will have an additional multi-purpose room.

Crowning the building will be a 656 sqm rooftop amenity level with an infinity edge pool, hot and cold plunge pools, and open lawn and barbecue areas with views over <a href="/developments/brisbane-qld">Brisbane</a>.

Read more: <a href="/news/qld/first-look-tocu-properties-file-west-end-apartment-plans">First look: Tocu Properties file West End apartment plans</a>

<h2>Project: Canopy House by Aria, Kangaroo Point</h2>

<h3>Address: 58-62 Leopard Street Kangaroo Point, Kangaroo Point QLD 4169</h3>

<h3>Developer: ARIA Property Group</h3>

<a href="/developers/aria-property-group">ARIA</a> is again seeking to bulk up its upcoming <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a> apartment project, <a href="/new-apartments/canopy-house-by-aria-58-62-leopard-street-kangaroo-point">Canopy House</a>.

The Tim Forrester-led developer is seeking to add a further four levels to the previous 29-level tower by&nbsp;<a href="/architects/rothelowman" target="">Rothelowman</a>, which were approved in August after a&nbsp;change application in June last year.

<img alt="First look: Aria bulk up Canopy House in Kangaroo Point by buying next door" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-16%20at%208.29.27%20pm.png?VersionId=EcbkV1.4aU3qa_g5kxyNXsrkqKpgJOuZ" />

The new design will also see an extended podium which will now feature a resident park with a barbecue kitchen and outdoor dining area, playground, and seating pods.

The documents suggest the new design will improve the facade, providing a "greater visual relief to the built form and significantly increasing the project’s ‘Green Factor’."

Read more: <a href="/news/qld/first-look-aria-bulk-up-canopy-house-in-kangaroo-point-by-buying-next-door">First look: Aria bulk up Canopy House in Kangaroo Point by buying next door</a>

<h2>Project: La Flor, Taringa</h2>

<h3>Address: 128-130 Swann Road</h3>

<h3>Developer: Vista Projects</h3>

The Gold Coast-based architecture firm <a href="/architects/contreras-earl-architecture">Contreras Earl Architecture</a> has put together a design for their next project in the neighbouring&nbsp;<a href="/new-apartments/taringa-qld-4068">Taringa</a>&nbsp;on behalf of developer <a href="/developers/vista-projects">Vista Projects</a>.

<img alt="First look: Contreras Earl pen new Taringa apartment project, La Flor" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-04-22%20at%208.32.03%20pm.png?VersionId=HeeqUErVssguFX_j7YbQb3AwAQUvGMVZ" />

The six-level project, dubbed La Flor, will have eight three-bedroom apartments and a four-bedroom penthouse with its own private rooftop. The rest of the rooftop is reserved for resident amenities, comprising a resort-style pool, a sauna, extensive seating, barbecue spaces and sun lounges.

La Flor draws inspiration from nature, with its design metaphorically likened to the unfolding petals of a flower and translates into an architectural interplay between openness and enclosure.&nbsp;

Read more: <a href="/news/qld/first-look-contreras-earl-pen-new-taringa-apartment-project-la-flor">First look: Contreras Earl pen new Taringa apartment project, La Flor</a>

&nbsp;

<h2>&nbsp;Project: Gaia</h2>

<h3>Address: 108 Lambert Street, Kangaroo Point QLD 4069</h3>

<h3>Developer: Pikos Group</h3>

Even rarer than a submission at the moment is the approval of a new tower.

Brisbane developer&nbsp;<a href="/news/qld/pikos-property-group-changes-to-kangaroo-point-maroochydore-employment-hub-of-the-sunshine-coast">Pikos Group</a>&nbsp;is backing up its recently launched Skye Residences in Kangaroo Point with another project in the affluent suburb.

They've been given the green light for Gaia, two 15-level buildings at&nbsp;<a href="/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point">108 Lambert Street</a>&nbsp;which will home 215 apartments as well as creating a full acre of inner-city parklands in the process.

<img alt="Pikos Group secures approval for Gaia Kangaroo Point apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Gaia_0.png?VersionId=4s4TxYvYiVdAXS.zvdzYcdPMrzQRA2z6" />

Designed by&nbsp;<a href="/architects/dko-architecture">DKO Architecture</a>, both residential towers at Gaia have been oriented to capture sweeping views of the city and river, with all apartments featuring luxury internal finishes of natural stone, timber flooring and premium appliances.&nbsp;

The River Tower includes a mix of three and four-bedroom apartments, some with a multi-purpose room, while the City Tower will have two and three-bedroom apartments with an additional multi-purpose room.

Read more: <a href="/news/qld/pikos-group-secures-approval-for-gaia-kangaroo-point-apartments">Pikos Group secures approval for Gaia Kangaroo Point apartments</a>

There has been new developments plans submitted by Aria, Salter Brother and Tocu Properties across Brisbane in April

The top five new apartment developments planned across Brisbane in April

The burgeoning Stones Corner in Brisbane, on the fringe of the Woolloongabba Olympic precinct, is set for a new apartment development with the recent approval of a two-tower project just off Hanlon Park.

Peter Gartshore from the family-ran Idec Group is behind the plans on the 3,846 sqm site at <a href="/new-apartments/73-85-cleveland-street-stones-corner">73-85 Cleveland Street</a>, which will feature a striking skybridge connecting the two recreational rooftops designed by NMDS Architecture.

The development will have 226 apartments, split into 79 one-bedroom apartments, 83 two-bedders, 62 three-bedroom units, and only two four-bedroom apartments.

The skybridge will connect the two rooftop recreation areas that total 1273 sqm, allowing residents from both towers to access the full range of recreational facilities that include&nbsp;a pool, spa, terrace area, gym, sauna, showers, change rooms, alfresco and indoor dining areas, a theatre, community garden, and a dedicated dog walking area.

The submitted town planning report highlights the strategic importance of the proposed site in&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>, stating that it falls within a growth node on a selected transport corridor identified under the City Plan. It emphasises that areas within these nodes offer opportunities for more intense urban forms that cater to the needs of the local community.

<img alt="Twin tower apartment development proposed for Stones Corner" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-16%20at%2010.57.15%20am_0.png?VersionId=HA9ugUKWWoVT.sMLNezZta6A1OGOH1dn" />Render of the proposed twin tower&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>&nbsp;development. Credit: NMDA Architecture

The report emphasises the housing crisis in the southeast Queensland region, with low rental and housing stock levels, and states that the project will provide 226 additional housing opportunities near centres, community services, and transport options.

<a href="/developments/stones-corner-qld-4120">Stones Corner</a>, located just over two kilometres from Woolloongabba, the home of the 2032 Olympic Games, is undergoing significant urban transformation with the aim of residential and mixed-use densification.<img alt="Twin tower apartment development proposed for Stones Corner" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-16%20at%2010.57.40%20am.png?VersionId=gqA7E4EGRrPWzlrhMaNWTPJ1RuYS0exI" />Render of the proposed twin tower&nbsp;<a href="/developments/stones-corner-qld-4120">Stones Corner</a>&nbsp;development. Credit: NMDA Architecture

The development will prioritise green spaces and landscaping. The landscaping design by Wild Studio includes vertical green walls extending the full height of the building, feature trees at the main entrance on Cleveland Street, raised garden beds, and planter boxes with climbing and cascading plants.

The integration of greenery aims to create a vertical, subtropical micro-climate that enhances the building's appearance, provides cooling to residents, and contributes to the overall streetscape.

The development will include three basement levels with space for 330 cars. While the area is well-serviced by public transport, alternative transportation options will also be provided to residents. A car share system will enable those without vehicles to access ten electric vehicles, and there will be ample bicycle parking spaces, 283 in total, supported by an on-site bicycle workshop.

The project will comprise 226 apartments ranging from one to four bedrooms on a 3,846 sqm site at 75-85 Cleveland Street

New apartment development approved for Stones Corner

Latent Defects Insurance (LDI), is changing the game for off the plan apartment buyers in Australia.

This insurance product provides off-the-plan apartment buyers with a 10-year warranty on their new apartment and the building it's situated in. The cover is purchased by the property developer/builder (pre-construction) and is designed to protect owners against any immediate or future problems with the structural components of their new property, from leaks to cracks and everything in between.

Some of Sydney’s biggest and most respected developers have embraced the new insurance. The likes of Deicorp, Kanebridge, <a href="/developers/abadeen-group">Abadeen</a>, Coronation Property and Urban Property Group have rolled out the insurance across some, if not all of the projects they’re currently undertaking.&nbsp;

Sydney-based Resilience Insurance, the first insurer to launch LDI in Australia, is now taking the product national, and is having conversations with developers in Melbourne, Brisbane, the Gold Coast and Perth.&nbsp;

<h2>How does Latent Defects Insurance work?</h2>

Resilience Insurance CEO Corey Nugent says the insurance, which has been around for about seven decades across the globe, benefits both the purchaser and the developer.

“Ultimately what we’re trying to do is build better buildings the consumers can have trust in, but more importantly improve the post completion and settlement process, so that when buyers take possession, they have full insurance protection, from day one, for 10 years” Nugent says.

“The insurance protects the buyer from any structural defects in the building, and developers who have taken Resilience LDI have reported an uptick in both sales volumes and sale values compared to competing developments that don’t have Resilience LDI.”

[smartcode_project:default project_id=7106 project_image_fid=239175]

While giving confidence to the consumer at the end of the build, Resilience LDI is actually in place throughout the build process. Rather than it solely being used as a rectification product, the insurance kicks in to fix issues when they arise, rather than down the track following completion. Of course the insurance protects owners at that stage too, however the ideal scenario is any problems that come up during the building get fixed well before settlement.

Resilience has a string of expert partners who are onsite even before construction has started to ensure even the ground the development is being built on is structurally sound.

<h2>What does LDI mean for off the plan apartment buyers?</h2>

A survey undertaken by MatterFact, Apartments.com.au’s data product, shows the biggest thing holding back prospective purchasers from buying an off the plan apartment is the trust and faith they have in the developer, followed closely by the concern the build won’t be of good quality. It was a common consensus on the survey conducted from state to state, where delivery was much more of an issue raised compared to budgets, approvals or price of the apartment.

[smartcode_project:default project_id=112966 project_image_fid=213736]

“LDI is about to change the game in the off the plan apartment market,” Apartments.com.au CEO Mike Bird says, adding that the insurance will be a huge boost to helping solve Australia’s housing crisis.

“With the large imbalance of supply and demand in Australia, there has to be a move to off the plan apartments, but to get there, consumers need to be more confident in delivery.

“Unfortunately the industry has been tarnished by a small number of developers who haven’t acted on behalf of the consumer in the last five years or so. Developers who have Resilience LDI are telling consumers that they’re in a partnership with them, and they will deliver the quality that they promised. If they don’t, then the insurance protects the purchaser, without all the trials and tribulations of litigations and long, drawn out court cases which often cost thousands of dollars as well as significant upheaval whether it be mental or physical.

<h2>How does Latent Defects Insurance impact the developer?</h2>

Data collected by MatterFact also showed 60 per cent of off the plan apartment seekers would pay over 1.5 per cent of the apartment price for it to have LDI cover, which typically outweighs how much it costs a developer to purchase Resilience LDI.&nbsp;

Nugent says there have been instances already where developers have reported prices with a four to five per cent increase due to them having LDI, compared to similar projects in the same area.

[smartcode_project:default project_id=134951 project_image_fid=223715]

While there’s been a handful of progressive new tools to try and build confidence in the off the plan industry, such as the iCIRT-rating system and KMPG’s Building Trustworthy Indicator, no one has gone as far as Resilience LDI in terms of actual protection for an off the plan apartment buyer.

NSW Building Commissioner David Chandler recently lauded the introduction of LDI, suggesting it will improve the design and construction of apartment buildings in NSW.

“These reforms have come about due to the united commitment of government and industry to transform the NSW construction sector,” Chandler said.

“NSW is now in the position of being a national leader in offering an insurance product of this type for Class 2 buildings because of the three years of conscious effort and commitment by Government and industry to the journey we have been on under Construct NSW.

“We’re looking to clean up the market and bring an end to expensive litigation against developers who have deep pockets or subsequently vanish into thin air.”

To find out more about Resilience LDI, <a href="https://resilienceinsurance.com.au/">click here</a>.

Resilience Insurance CEO Corey Nugent says the insurance, which has been around for about seven decades across the globe, benefits both the purchaser and the developer

What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?

Tim Forrester's Aria Property Group is set to continue its transformation of South Brisbane with another sustainable apartment development approved.

They've been given the green light by the Brisbane City Council to develop a new tower on a triple block at <a href="/new-apartments/164-190-melbourne-street-south-brisbane">164-190 Melbourne Street</a>, where the former Malouf's Fruit Shop and Bond's Sweet Factory once stood.

<img alt="ARIA Property Group South Brisbane apartment tower" data-entity-type="file" data-entity-uuid="4e4cefd0-ab13-4f32-ab2c-8a7077f95164" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ARIA%20South%20Brisbane%20podium.jpg?VersionId=Qvpj8vTV5gasTbYdKC.LL20ejymtsQym" />

The sustainably conscious developer, known for their signature rooftop amenity and sustainability efforts, will be constructing a new apartment tower at 33 Manning Street, on the corner of Melbourne and Manning Streets—the first of three towers across the amalgamated site.

Aria has collaborated with <a href="/architects/bates-smart">Bates Smart</a> and <a href="/architects/richards-and-spence">Richards &amp; Spence</a> for the design and development of the approved tower, slated to feature 84 apartments spread across 14 levels, along with extensive rooftop amenities.

The design statement submitted to the <a href="/new-apartments/brisbane-qld">Brisbane</a> City Council emphasised the tower's spacious dwellings catering to a diverse population, including families and students.

The design emphasises natural light, cross ventilation, and practical living considerations, including private bedrooms, generous kitchens, and flexible living spaces.&nbsp;

<img alt="ARIA Property Group South Brisbane apartment tower - pool" data-entity-type="file" data-entity-uuid="151973fe-6fd1-47e4-ac32-86c6e45b45d5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ARIA%20South%20Brisbane%20pool.jpg?VersionId=omiTiq1hYRaI1XODP3dMZajkJxWqDnO7" />

The tower's amenities include a commercial gym on the first level, a 20-metre pool at the heart of the rooftop, a plunge pool with city views, an amphitheatre for evening cinema, and a residents' dining room.

The new project adds to Aria's portfolio in <a href="/developments/south-brisbane-qld-4101">South Brisbane</a>, following their successful <a href="/new-apartments/trellis-20-edmondstone-street-south-brisbane">Trellis</a> development known for its sustainable features and their flagship development, <a href="/buildings/the-standard-13-17-manning-street-south-brisbane">The Standard</a>, located in the vibrant Fish Lane precinct.

[smartcode_project_cta:default project_id=112380]

The new project adds to Aria's portfolio in South Brisbane, following their successful Trellis development known for its sustainable features and their flagship development, The Standard, located in the vibrant Fish Lane precinct

Aria set for new South Brisbane apartment tower after council nod

Brisbane developer Skyhold has settled on its prime Balmoral site where it will soon be launching a new $150 million apartment development.

Skyhold's Zhen Chen bought <a href="/new-apartments/91-lytton-road-balmoral">91 Lytton Road, Balmoral</a>, a 23,265 sqm site, for $27.5 million three years ago, with settlement just occurring.

Last year Skyhold <a href="/news/qld/fender-katsalidis-designed-plans-lodged-for-balmoral-apartment-development">submitted plans to the Brisbane City Council</a> for four medium-density buildings that were recently approved. There will be&nbsp;mix of two and three-bedroom apartments and penthouses, as well as 14 townhouses.

“<a href="/developers/skyhold">Skyhold</a> is excited to be launching our next signature project within the upmarket <a href="/new-apartments/bulimba-qld-4171">Bulimba</a>/<a href="/new-apartments/balmoral-qld-4171">Balmoral</a> catchment," Zhen Chen said.

"Opportunities of this scale within the inner city are almost non-existent and our vision for the site aligns with this once-in-a-generation opportunity.

“Our vision, designed by internationally celebrated architect Fender Katsalidis responds to current market demands, resulting in generous private open space alongside intergenerational communal recreation opportunities. The development offers housing diversity for housing entrants as well as 
right-sizers within the area."

<img alt="Skyhold" data-entity-type="file" data-entity-uuid="acfe7666-58f7-486a-b5c0-e71d24febc1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-05-07%20at%209.58.59%20am.png?VersionId=i8s6WSG9EUd6WdRdgczJO4UN0pQCQ3eC" />

Knight Frank's Blake Goddard, who sold the site, said it was sought after during the sales campaign.

“During the campaign we had strong interest in the property, with over 120 enquiries from a range of buyers attracted to the uniquely large parcel of land with multiple favourable development outcomes," Goddard said.

“The site lies within one of Brisbane’s most popular and prestigious residential locations, <a href="/new-apartments/balmoral-qld-4171">Balmoral</a>, a suburb that has ideal neighbourhood amenity and close proximity to the Brisbane River, less than four kilometres from the CBD.

“A residential development on the site will benefit from the strong demand to live in the area and the high surrounding residential dwelling price."

Fender Katsilidis, who designed the project, said in the Urban Context Report as part of the project submission that their vision is to repurpose an under-utilised site into a vibrant, medium-density residential precinct optimising its existing natural landscape and bring greenery across the precinct and into the residences spread across the site.

The site will home four medium-density buildings with a range of apartments and townhouses on offer

Skyhold settle on Balmoral site for $150 million new apartment development

Brisbane’s inner-city is getting closer to seeing the completion of its newest apartment development in Indooroopilly, The Audrey, by builder-developer&nbsp;Savve Developments &amp; Construction.

One of the biggest drawcards of&nbsp;<a href="/new-apartments/the-audrey-109-clarence-road-indooroopilly">The Audrey</a>, a boutique block of just 30 apartments, is its prime location, on a 1610 sqm&nbsp;site at 107 Clarence Road,

Beyond the amenities provided within The Audrey, including a rooftop pool with cabanas, barbecue facilities and a fire pit area, residents will benefit from easy access to a variety of establishments, activities, and services in the immediate area.

[smartcode_project:default project_id=94824 project_image_fid=209991]

Centrally located in a walkable community, The Audrey offers the best of all worlds, with the casual vibe of the tree-lined Clarence Road while being just moments away from a vibrant array of cafes and restaurants, world-class shopping destinations, and prestigious golf courses.

The convenience of nearby train stations and the new boardwalk along the Brisbane River adds an extra degree of accessibility, connecting residents to the CBD, which is just nine minutes away.

<a href="/developments/indooroopilly-qld-4068">Indooroopilly</a>&nbsp;Station is just a five-minute walk from the site, as is the Indooroopilly Shopping Centre, which is the largest shopping destination in the western suburbs of <a href="/new-apartments/brisbane-qld">Brisbane</a>&nbsp;with over 360 specialty stores, 16 cinema rooms and a food court.&nbsp;

[smartcode_project:default project_id=94824 project_image_fid=210022]

The Audrey is also close to two premier golf courses adjacent to each other, the Indooroopilly Golf Club and the St Lucia Golf Links, both a five-minute drive away.

In addition to shopping and entertainment, the surrounding area also boasts a variety of educational institutions, including The University of Queensland, Indooroopilly State High School, Brigidine College, St Peters Lutheran College, Ambrose Treacy College and Holy Family Primary School.&nbsp;

The Audrey, currently under construction by the building arm of&nbsp;<a href="/developers/savve-developments-construction">Savve Developments &amp; Construction</a>, has been met with keen buyer interest, with over 70 per cent of the apartments already spoken for.

The project was&nbsp;initially approved to deliver 35 apartments across eight storeys upon completion, however, now just 30 units will be delivered following several amalgamations.

Food and beverage tenancies will take up the ground floor. There will also be office space.

[smartcode_project_cta:default project_id=94824]

The Audrey is close to two premier golf courses adjacent to each other, the Indooroopilly Golf Club and the St Lucia Golf Links, both a five-minute drive away

The heart of Indooroopilly: Inside the location of The Audrey apartments

Inspired by nearby parklands and strategically located near Kedron Brook and the vibrant retail and lifestyle precinct of the suburb, Parklane effortlessly integrates into the dynamic landscape of Lutwyche.

Located at 25 Swinburne Street, <a href="/new-apartments/parklane-lutwyche-25-swinburne-street-lutwyche">Parklane</a> enjoys a prime spot between two well-maintained parks. To the west lies Prentice Park, while Wesley Street Park sits across Swinburne Street.&nbsp;

Prentice Park is bordered by Kedron Brook to the other side, featuring playgrounds, dog-friendly spaces, and a network of bikeways that meander along the brook's path. This strategic placement offers residents a tranquil environment, with easy access to green spaces and recreational facilities.

[smartcode_project:default project_id=25483 project_image_fid=250557]

Accessibility is a key feature of Parklane's location, with its proximity to essential transport links. Situated just six kilometres from Brisbane's CBD, residents benefit from accessible connectivity, further enhanced by the Northern Busway Station, which is just a seven-minute walk from the development.

In addition to its convenient location, Parklane offers residents easy access to a range of everyday amenities within walking distance.

Market Central Shopping Centre is only a six-minute walk away, while the recently refurbished Crown Hotel is just 350 metres down <a href="/developments/lutwyche-qld-4030">Lutwyche</a> Road.

Furthermore, the proposed Lamington Markets lifestyle precinct, located just eight minutes on foot, promises to enhance the area's appeal with its gourmet offerings and recreational amenities. For those seeking culinary delights or a caffeine fix, popular local restaurants and cafes such as Nepalese restaurant Spicy Momo &amp; Bar, Coffee Pasal, and Caruso's Coffee are only a few minutes' walk from Parklane.

[smartcode_project:default project_id=25483 project_image_fid=250558]

A concentration of schools around Parklane underscores its appeal to families seeking quality education options for their children, with schools like Wooloowin State School, Holy Cross School in&nbsp;<a href="/new-apartments/wooloowin-qld-4030">Wooloowin</a>, <a href="/new-apartments/windsor-qld-4030">Windsor</a> State School, St. Mary of the Cross School, and <a href="/new-apartments/kedron-qld-4031">Kedron</a> State High School all within a 700-metre radius.&nbsp;

With the final release underway, the development has seen an impressive uptake, with all units sold thus far being acquired by owner-occupiers. Only a limited number of units remain available.

Construction of Parklane by builder <a href="/builders/sig-group">SIG Construction Group</a> is approaching completion, with settlement expected in the coming months.

[smartcode_project_cta:default project_id=25483]

Construction of Parklane by builder SIG Construction Group is approaching completion, with settlement expected in the coming months

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