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>.

Joel Robinson

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

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Brisbane off the plan apartments

Gardner Vaughan Group have been at the forefront of apartment development in South East Queensland since it was founded in 1989.

In the last 35 years, the company has grown from a building and design company to a fully-fledged builder-developer.

They're currently selling four projects across both Brisbane and the Sunshine Coast, while they have future projects coming up in Redcliffe&nbsp;and <a href="/new-apartments/nundah-qld-4012">Nundah</a>.

With everything going on at <a href="/developers/gardner-vaughan-group">Gardner Vaughan</a> at the moment, we recently caught up with Gardner Vaughan Director Sam Gardner to talk about what they're up to.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/SUzKsDG7L6I?si=tBabPbXIL4jV2iSL" title="YouTube video player" width="560"></iframe>

Gardner Vaughan has moved from around 20 to 50 apartments per development to around 90 to 120 per stage.

"A lot of that comes down to the control of having input into every single facet of development," Gardner says, adding that they brought development in house about a decade ago.

"We know that being a builder developer in Queensland at the moment gives us an advantage. It's an interesting environment that we find ourselves in, but it's an environment conducive to builder developers."

Gardner says it's important to build a level of trust with buyers in the off the plan market.

"One of the biggest hesitations of our buyers buying off the plan is that trust, and one of the ways you can improve this trust is by showing a track record and your experience, but it's really taking the buyers and everyone else involved through the process of showing them what we're thinking, showing them how these developments have been designed, showing them how we've had the end user in mind."&nbsp;

Gardner Vaughan has recently released the final stage of their <a href="/new-apartments/chermside-qld-4032">Chermside</a>&nbsp;apartment development, <a href="/new-apartments/estilo-on-the-park-chermside-81-kittyhawk-drive-chermside">Estilo on the Park</a>, on the doorstep of Seventh Brigade Park. They're also parkside in <a href="/new-apartments/stones-corner-qld-4120">Stones Corner</a> where they are developing <a href="/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>, 90 apartments on Hanlon Park, voted Australia's best park in 2023.

A further two of GVG's current projects are up on the Sunshine Coast. <a href="/new-townhouses/bokarina-beach-homes-bokarina-boulevard-bokarina">Zinc</a> in <a href="/new-apartments/bokarina-qld-4575">Bokarina</a> has almost completed construction and has just one apartment left to sell, while <a href="/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina">Bask</a>, a few doors down, will start construction once Zinc has completed.

To find out more information about Gardner Vaughan, visit their <a href="/developers/gardner-vaughan-group">Urban Profile</a>.

Gardner Vaughan has moved from around 20 to 50 apartments per development to around 90 to 120 per stage as a builder developer

Michael Bird

How Gardner Vaughan is creating trust as a builder developer in South East Queensland: Five minutes with Gardner Vaughan Group Director Sam Gardner

Brisbane's unit market will not slow down.

CoreLogic's Monthly Hedonic Index showed growth in the apartment and townhouse market across the Queensland capital outstripped houses again, with value gains of 1.5 per cent in March.

The median unit value in&nbsp;<a href="/developments/brisbane-qld">Brisbane</a> is now at $587,000, continuing to close the gap on Melbourne, whose median unit value is $612,000.

Brisbane unit values are now 4.1 per cent up over 2024, the second best performing capital behind Perth. Comparatively, Brisbane houses are up 2.8 per cent over the same period.

<h2>What happened in Brisbane’s off-the-plan apartment market in March?</h2>

While prices continue to boom across the unit sector, there's still little new movement in Brisbane's tightly held new apartment supply.

Charter Keck Cramer says the Brisbane market will be <a href="/news/qld/brisbane-market-to-be-chronically-undersupplied-for-next-two-to-three-years-charter-keck-cramer">chronically undersupplied for the next two to three years</a>.&nbsp;

Charter Keck Cramer's Metro Brisbane State of the Market H2 2023 found there were just 1,100 apartments launched in 2023, -76 per cent less than the decade average, while low completions are forecast for the next three years.

They did note that recently launched projects are achieving strong sales results.

"These are priced predominantly at the upper end of the market and targeted towards those who can accept the higher price points required to offset increased build costs," the report noted.

They said other local buyer segments remain priced out of the market or are disincentivised to buy given the uncertainty with interest rates and the significant upfront financial handbrake of stamp duty.

<a href="/architects/urbis">Urbis</a> also noted that the stock levels in Brisbane have shrunk toward five-year lows.&nbsp;

The Urbis Apartment Essentials Report showed there were 112 sales in Q4 2023 in Brisbane, with the lowly stock levels resulting in just 512 apartments available to buy.&nbsp;

Supply has been dwindling since Q1 2023 when there were nearly 1,400 apartments on the market with around 500 of those being sold.

In response to strong demand at the upper end of the market,&nbsp;<a href="/developers/sekisui-house-australia">Sekisui</a>&nbsp;launched the Opulent Release in their penultimate stage of their $1.2 billion West End master planned precinct, West Village.

The Opulent Release comprises just four and five-bedroom apartments toward the top of the towers of Uno and Duo, which together form the <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">Allere Collection</a>, which comprises two towers, Uno and Duo.&nbsp;

Read more:&nbsp;<a href="/news/qld/sekisui-release-final-apartments-in-west-villages-allere-collection">Sekisui release final apartments in West Village's Allere Collection</a>

[smartcode_project:default project_id=114215 project_image_fid=204872]

Uno and Duo, which are 95 per cent sold, will be the second to last buildings in the 2.6-hectare West Village precinct which Sekisui started developing in 2016.

The appeal of the Allere Collection spans a diverse demographic, attracting first-home buyers, pet owners, and both young and established families.&nbsp;

The prime location on Mollison Street, close to seven schools, further enhances its allure among families seeking convenient access to education hubs.

[smartcode_project:default project_id=114215 project_image_fid=204843]

The broader West Village precinct also showcases the heritage-listed former Peters Ice Cream Factories, a nod to the area's industrial heritage.&nbsp;

Upon completion, West Village will comprise 1,200 residences, accompanied by 20,000 sqm of commercial space, an 18,000 sqm retail precinct, and a one-hectare expanse of open parklands and heritage laneways.&nbsp;

[smartcode_project:default project_id=107029 project_image_fid=251119]

Elsewhere <a href="/developers/mosaic-property-group">Mosaic Property Group</a> sold out their <a href="/developments/toowong-qld-4066">Toowong</a> apartment development, <a href="/new-apartments/the-prescott-by-mosaic-toowong-24-28-lissner-street-toowong">The Prescott</a>, with all 100 apartments snapped up before its completion.

The Prescott is Mosaic’s third project in Toowong following the successful <a href="/new-apartments/the-patterson-by-mosaic-15-archer-street-toowong">The Patterson by Mosaic</a> and <a href="/buildings/kensington-by-mosaic-36-sylvan-road-toowong">Kensington by Mosaic</a>.

Mosaic partnered with <a href="/architects/dko-architecture">DKO</a>, their second collaboration following the rapid sellout of <a href="/buildings/the-mowbray-73-northcote-street-east-brisbane-qld-4169">The Mowbray</a> in <a href="/developments/east-brisbane-qld-4169">East Brisbane</a>. The architectural design incorporates cascading and climbing plants on each facade, creating green spines throughout The Prescott.

[smartcode_project:default project_id=107029 project_image_fid=251124]

Prospective residents of The Prescott can anticipate a lifestyle that takes advantage of Brisbane's subtropical climate with rooftop recreation spaces that include a pool, a gym with a yoga lawn, and multiple dining areas with panoramic views of the Brisbane River, Mount Coot-Tha, and the city skyline.

Mosaic's building arm, <a href="/builders/mosaic-construction">Mosaic Construction</a>, has already completed the ground-level and level-two concrete slab pour in the last two months.

Read more:&nbsp;<a href="/news/qld/how-mosaic-became-one-of-the-most-trusted-developers-in-south-east-queensland-five-minutes-with-brook-monahan">How Mosaic became one of the most trusted developers in South East Queensland: Five minutes with Brook Monahan</a>

What happened in Brisbane’s off the plan apartment market in March?

City Beat April 2024: Brisbane unit market outstrips house growth as boom continues

Brisbane developer Pikos Group 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 by the Brisbane City Council for Gaia, two 15-level buildings at <a href="/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point">108 Lambert Street</a> which will home 215 apartments as well as creating a full acre of inner-city parklands in the process.

Pikos Group founder and Executive Director Pedro Pikos 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;

“The opportunity to amalgamate such a large riverfront site at Kangaroo Point is unrepeatable,” Pikos said.&nbsp;

“Gaia will transform this rare waterfront site into an inner-city sanctuary that embraces its incredible &nbsp;connectivity to the river and the city, delivering two residential towers and the city’s largest private parkland along a secluded pocket of the Brisbane River.”&nbsp;

Designed by <a href="/architects/dko-architecture">DKO Architecture</a>, Gaia is the second project in Pikos Group’s luxury riverfront property portfolio and follows <a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye by Pikos</a>, currently under construction at River Terrace,&nbsp;<a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>.&nbsp;

<img alt="Pikos Group gets green light for GAIA" data-entity-type="file" data-entity-uuid="c939c0c6-908f-4465-b09d-b6d406fa2308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Gaia%20Kangaroo%20Point.png?VersionId=yYgN9DPSunixHg7LRSJsGLHqSjms5cCT" />

Pikos Group Chief Executive Officer Michelle Wooldridge said Gaia has been designed as a luxurious urban retreat designed to merge city living with riverside tranquillity.&nbsp;

“The name Gaia means ‘connected to earth,’ which perfectly encapsulates our vision for the site as a holistic residential and wellness precinct grounded in nature,” Wooldridge said.&nbsp;

“In revisiting the design to enhance its buildability, we uncovered the opportunity to open view corridors and create expansive green spaces.&nbsp;

“In doing so, we’ve created Brisbane’s largest private parkland community, with just shy of one acre of riverfront gardens and green spaces providing extensive amenity and connection to nature to all residents.&nbsp;

“The site itself is incredibly tranquil and embraces this quiet pocket of the river while enjoying excellent connectivity to the city. This will only improve once the city’s green bridges are complete.”&nbsp;

Wooldridge said 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;

Residents will have access to wellness&nbsp;amenities including a riverside pool and pool terrace, with hot and cold plunge pools, set amongst the landscaped gardens, as well as an indoor/outdoor gym, BBQ and outdoor dining, rooftop dining and garden workshop, yoga lawn and outdoor cinema, private dining room, and work-from-home lounge.&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.

[smartcode_project_cta:default project_id=7684]

Pikos Group Chief Executive Officer Michelle Wooldridge said Gaia has been designed as a luxurious urban retreat designed to merge city living with riverside tranquillity

Staff Writer

Pikos Group secures approval for Gaia Kangaroo Point apartments

Lutwyche's newest apartment development, Parklane, spearheaded by boutique property developer Ferro Property Group, is approaching completion.

With the final release underway, <a href="/new-apartments/parklane-lutwyche-25-swinburne-street-lutwyche">Parklane</a> has seen an impressive uptake, with all units sold thus far being acquired by owner-occupiers. Only a handful of the 19 three and four-bedroom apartments remain.

[smartcode_project:default project_id=25483 project_image_fid=250562]

Architecture firm&nbsp;<a href="/architects/ferro-chow-architects">FerroArch</a>&nbsp;were inspired by the surrounding parklands. Parklane sits between two parks, xx and xx, on&nbsp;Swinburne Street.

The apartments feature light and airy interiors with on-trend light oak floors, boasting generous proportions and spacious balconies overlooking Kedron Brook.

The kitchens are equipped with a full suite Smeg appliances, complemented by functional butler’s pantries.

[smartcode_project:default project_id=25483 project_image_fid=250559]

Bedrooms offer ample storage with sliding robe space, while the master suite stands out with multiple robes, an ensuite with a freestanding bath, and a double basin vanity with illuminated wall mirror cabinets.

Residents of Parklane will enjoy exclusive access to amenities, including a swimming pool, entertaining area, and lounge terrace.

[smartcode_project:default project_id=25483 project_image_fid=250561]

Parklane's location on Swinburne Street adds to its appeal, placing residents just six kilometres from the CBD and within walking distance from the Northern Busway Station, Market Central Shopping Centre, local cafes, the Crown Hotel, and the proposed Lamington Markets lifestyle precinct.

Construction of Parklane by builder <a href="/builders/sig-group">SIG Construction Group</a> is approaching completion, with settlement expected in April.

<a href="/developers/ferro-property-group">Ferro Property Group</a>&nbsp;were a&nbsp;UDIA Queensland Finalist in 2021 and they're currently working as a joint venture partner on <a href="/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">MIRA</a>, the luxury Gold Coast apartment development on Northcliffe Beach.

[smartcode_project_cta:default project_id=25483]

Parklane's location on Swinburne Street adds to its appeal, placing residents within walking distance from the Northern Busway Station, Market Central Shopping Centre and the proposed Lamington Markets lifestyle precinct

Parklane, Lutwyche apartments approach completion

<a href="/developers/national-enterprises-pty-ltd">Woollangabba</a>&nbsp;is undergoing a huge transformation in the lead-up to the Brisbane 2032 Summer Olympics.

Set to see the transformation unfold is residents at <a href="/buildings/the-carl-residences-21-25-carl-street-woolloongabba">The Carl Residences</a>, the suburb's newest residential address.

Buyers will be moving in soon to the 87-apartment development by&nbsp;<a href="/developers/national-enterprises-pty-ltd">National Enterprises</a>&nbsp;on Carl Street,&nbsp;

Just a handful of apartments remain, starting from $495,000.

[smartcode_project:default project_id=27631 project_image_fid=195780]

The Carl Residences presents an attractive opportunity for first home buyers seeking affordable yet well-connected addresses in Brisbane. The Carl Residences qualifies for the $30,000 First Home Owners Grant.

“These apartments are an exceptional opportunity for the first home buyer,” <a href="/project-marketer/remax-qld">RE/MAX</a> Experience’s David Cotterill said when speaking to Urban in 2021.

“The overall design is sleek and modern, the fit-out is stylish and high quality, and balconies are spacious. In fact, all spaces are large.”

The apartments boast light-filled interiors with city views from the north side starting from the fourth level.

The kitchens are modern and stylish and are well-equipped with Bosch appliances.

[smartcode_project:default project_id=27631 project_image_fid=214046]

Set over 12 levels, Carl Residences also offers residents several amenities, including secure underground parking, outdoor gym facilities, and a rooftop pool with a barbecue and entertainment area.

Cotterill said the location of the apartments will result in good rental returns for investors.

Located less than three kilometres from the CBD and only a seven-minute walk from the nearest station, Carl Residences provides residents with both privacy and connectivity—making Woolloongabba an appealing choice, especially with the anticipation of the 2032 Brisbane Summer Olympics.

[smartcode_project:default project_id=27631 project_image_fid=195789]

The upcoming 2032 Summer Olympics have spurred significant investment in the area to create a vibrant 24/7 precinct that will endure beyond the conclusion of the games.&nbsp;

The Queensland and federal governments have pledged $7 billion to transform <a href="/new-apartments/brisbane-qld">Brisbane</a>'s sporting and event venues, including a rebuild of The Gabba, just four minutes away, which will serve as the central hub for the games.

[smartcode_project_cta:default project_id=27631]

Cotterill said the location of the apartments will result in good rental returns for investors

Buyers set to move into The Carl Residences in Woollangabba

Brisbane's riverfront is arguably the most sought-after spot for anyone to live.

The likes of <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>, <a href="/developments/new-farm-qld-4005">New Farm</a> and <a href="/developments/hawthorne-qld-4171">Hawthorne</a> always have their suburb records set on the river. It's been a regular occurrence over the last decade that one of those suburbs has taken out the most expensive house sale in Brisbane.

Seldom does the opportunity arise for a true riverfront apartment development, given the cost of the land and the difficulty of prying a large enough site out of the hands of an owner who will know opportunities to buy back onto the riverfront will be few and far between.

The property developing Zullo family, who run luxury apartment developer <a href="/developers/bellevue-queensland">Bellevue Queensland</a>, bought their slice of riverfront on Byron Street in <a href="/developments/bulimba-qld-4171">Bulimba</a>, buying an old walk-up on 1,454 sqm in early 2022.

Two years after securing the site, they've launched <a href="/new-apartments/apollo-bulimba-63-byron-street-bulimba">Apollo Bulimba</a>, a collection of just 12 apartments starting from $2.125 million, a price unrivalled for the riverfront position.

[smartcode_project:default project_id=144437 project_image_fid=261631]

Apollo Bulimba has been designed by Esat Design who have focused on creating a subtropical lifestyle with a Mediterranean-inspired building and interiors, featuring white textured finishes and rich bronze and copper accents.

The interior palette features warm neutral tones with timber flooring, hand-picked Signorino stone benchtops, brushed metal tapware, and VZUG appliances integrated into the kitchens.

Offering 16 metres of Brisbane River frontage, the apartments will offer sweeping river and city skyline views. The sprawling penthouse will take in the best views, barring the rooftop which will be home to a communal swimming pool, pool deck, and a barbecue lounge for residents.

[smartcode_project:default project_id=144437 project_image_fid=261640]

Apollo is the only off the plan apartment development for sale in Bulimba, which has experienced a scarcity of new apartments in recent years

Luxury home builder and apartment developer GRAYA recently completed their Bulimba apartment development Canvas, which sold out before completion.&nbsp;

Bellevue Queensland have more luxury apartment developments coming up in <a href="/developments/coorparoo-qld-4151">Coorparoo</a>,&nbsp;<a href="/developments/lutwyche-qld-4030">Lutwyche</a> and <a href="/developments/west-end-qld-4101">West End</a>.

[smartcode_project_cta:default project_id=144437]&nbsp;

Apollo is the only off the plan apartment development for sale in Bulimba, which has experienced a scarcity of new apartments in recent years

Rare opportunity to buy on the Brisbane River as Apollo Bulimba apartments launch

Sustainability and amenity-focussed Brisbane developer, Aria Property Group, is pushing on with its significant apartment development pipeline in the Queensland capital.

Their latest project, <a href="/new-apartments/casamia-west-end-105-107-jane-street-west-end">Casamia West End</a>, is building on the success of their nearby <a href="/buildings/tree-house-111-jane-street-west-end">Tree House</a> development and their recently completed <a href="/buildings/upper-house-66-hope-street-south-brisbane">Upper House</a> in <a href="/new-apartments/south-brisbane-qld-4101">South Brisbane</a>.

When speaking to Urban last year,&nbsp;<a href="/developers/aria-property-group">Aria</a> Development Director Brent Liddell said Casamia is a testament to their commitment to creating remarkable living spaces that pay homage to the unique character of <a href="/new-apartments/west-end-qld-4101">West End</a>.

The 14-level tower of just 44 apartments at 105-107 Jane Street sits adjacent to Tree House, which won the Best High-Density Development in Australia at the 2023 UDIA Awards. The apartments at Casamia range from two to four bedrooms and overlook the beloved Davies Park.&nbsp;

[smartcode_project:default project_id=139836 project_image_fid=261746]

Designed by <a href="/architects/rothelowman">Rothelowman</a> and drawing inspiration from the works of Spanish architect Antoni Gaudi, Casamia showcases a sophisticated sculptural form with a curvaceous flowing façade and artistic screening details that provide shade and dappled light into each home.

Each apartment boasts three-metre-high ceilings, expansive double-glazed glass panels throughout, and spacious wrap-around balconies accessible from the open-plan living and dining areas.

The kitchens at Casamia are well-appointed with state-of-the-art appliances from brands like Gaggenau, Sub-zero, and Whispair. The culinary space features glass splashbacks to gardens and natural stone island panels.

[smartcode_project:default project_id=139836 project_image_fid=261751]

Casamia includes nearly 1,000 sqm of resident amenity spaces throughout the building, continuing Aria's tradition of producing extensive rooftop amenities.

Crowning the building will be an infinity pool, wellness space such as hot and cold magnesium baths, a sauna, a personal training studio, and a Residents' Lounge &amp; Dining Room accessible as members of The Rooftop Garden Club.

Aria Living, the dedicated property management arm of Aria, will manage Casamia. The management service includes an onsite property management team and concierge services.

[smartcode_project:default project_id=139836 project_image_fid=261744]

As part of Aria's commitment to sustainable living, Casamia introduces an electric vehicle (EV) focus. The development offers an electric Mercedes EQC as part of its car-sharing program, while also being EV-ready, providing infrastructure for residents to install EV chargers.

Casamia is projected to reach completion in 2026. Apartments start from $3.7 million.

[smartcode_project_cta:default project_id=139836]

Designed by Rothelowman and drawing inspiration from the works of Spanish architect Antoni Gaudi, Casamia showcases a sophisticated sculptural form with a curvaceous flowing façade and artistic screening details that provide shade and dappled light into each home

Aria push on with West End riverfront apartment development, Casamia

A bold new proposal has been put forward for Brisbane’s 2032 Olympic Games which merges both Brisbane Live and the Gabba stadium into a new “Gabba Olympic Park”.

The plan aims to host both the swimming and athletics events at the same location, creating a single vibrant hub for athletes, swimmers and spectators alike.&nbsp;

Presented by local architecture firm Hayes Anderson Lynch Architects, the Gabba Olympic Park proposal includes a 17,000-seat Aquatic and Entertainment arena set above the Woolloongabba Cross River Rail station, connected to a new 55,000-seat Gabba stadium to replace the current facility. &nbsp;

A new footbridge across the SouthEast freeway will link the precinct with Southbank, the <a href="/developments/brisbane-qld">Brisbane</a> River and the CBD via the Goodwill bridge.&nbsp;

<img alt="The Gabba Olympic Park - an architect's vision" data-entity-type="file" data-entity-uuid="8eed4f69-fc47-4704-9c52-94fb9fb6a259" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/The%20Gabba%20Olympic%20Park%20focus.png?VersionId=_jAl6T0ITv5RaZyyQBQ9lMuIsS2hrROu" />

Architect Elizabeth Anderson from Hayes Anderson Lynch Architects said their proposal creates a legacy of a unique entertainment and sporting precinct, with a distinctive Queensland feel, located in the inner city and above a newly built train station.

"Brisbane needs a new entertainment centre and a new stadium anyway, so it makes sense to combine both into one precinct; with 50% funding from the Federal Government, we are offering Queensland an extraordinary opportunity at half the cost!” &nbsp;

The proposal aligns with the vision of Premier Stephen Miles and Opposition Leader David Crisafulli to avoid building a third stadium in Brisbane. And centralising both the swimming and athletics to one precinct significantly reduces construction costs and improves construction efficiency, with estimates of over $1b in cost savings.&nbsp;

“As local architects based at <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>, our vision is for an iconic Olympic legacy for Brisbane, just like Expo88 was for Southbank," Anderson added.

"<a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> is perfectly located, sized, and serviced to feature Brisbane on the world stage. &nbsp;In the short and long term, it is the only location that makes any sense for sports and entertainment in Brisbane. All the other Brisbane Olympic stadium locations are a joke. &nbsp;Why would we destroy koala habitats or change a beautiful inner-city park when we have a superior location on our CBD doorstep?”

The short-term relocation of the AFL and Cricket to the RNA showgrounds would allow unimpeded construction of the precinct, with the sporting codes returning to a world-class stadium which will last many years into the future. “The English would never extinguish Lords, so why would we do the same to the historic Gabba?”, questioned Anderson.&nbsp;

The proposed Gabba Olympic Park already boasts a comprehensive transport infrastructure network, including a new train station, a new metro station, and existing bus interchanges. This network ensures cost-effectiveness and operational efficiency during the Olympic events and beyond. &nbsp;

This transformative project heralds a sustainable and vibrant future for Brisbane and its residents.&nbsp;

Key Features of The Gabba Olympic Park:&nbsp;

<ul>
	<li>55,000-seat iconic Olympic Ceremony stadium to replace the current Gabba Stadium (to be demolished and rebuilt)&nbsp;</li>
	<li>New world-class Arena, featuring a 17,000-seat Entertainment Centre and Aquatic Park above the Cross River Rail station, metro, and bus interchange&nbsp;</li>
	<li>Innovative green elevated Olympic Plaza, open-air auditorium, and parkland&nbsp;</li>
	<li>Preservation of heritage-listed East Brisbane State School and former police station&nbsp;</li>
	<li>Creation of an iconic Olympic green footbridge linking directly to the Brisbane River, Southbank Riverwalk and CBD via the Goodwill bridge&nbsp;</li>
	<li>Inclusion of a warm-up track at Raymond Park&nbsp;</li>
	<li>Minimal disruption to surrounding road networks and transport hubs&nbsp;</li>
</ul>

The proposal aligns with the vision of Premier Stephen Miles and Opposition Leader David Crisafulli to avoid building a third stadium in Brisbane

Hayes Anderson Lynch propose new Brisbane 2032 Olympic Games plan

Developer Ausdev has secured a sell-out at its Nundah Village apartment development, Eight on Eton, just before construction reaches its completion.

The 47 apartments at <a href="/buildings/eight-on-eton-nundah-8-eton-street-nundah">8 Eton Street</a>, which will sit above commercial spaces, is expected to settle in mid-2024.

[smartcode_project:default project_id=14915 project_image_fid=179524]

Nestled among Brisbane’s most sought-after suburbs like <a href="/new-apartments/clayfield-qld-4011">Clayfield</a> and <a href="/new-apartments/ascot-qld-4007">Ascot</a>, <a href="/new-apartments/nundah-qld-4012">Nundah</a> offers an enviable lifestyle marked by convenience and connectivity. Its proximity to the Brisbane CBD, domestic and international airports, esteemed educational institutions, healthcare facilities, fine dining, boutique shopping, parks, and transport networks positions Eight on Eton as a pinnacle of desirable living.

[smartcode_project:default project_id=14915 project_image_fid=179531]

The project proved popular with downsizers, first home buyers and seasoned investors.

The diversity in apartment options, offering one, two, and three-bedroom layouts, caters to a broad spectrum of residents, while three commercial spaces on the ground floor adds further convenience to future residents.

Project Property Sales handled the marketing of the project

[smartcode_project_cta:default project_id=14915]

The project proved popular with downsizers, first home buyers and seasoned investors

Eight on Eton apartment development sells out before completion in Nundah Village

The Newstead Collective, one of Newstead's largest development projects, has hit the market.

Both local and interstate developers are expected to be circling the 7,440 sqm site which incorporates&nbsp;75 Longland Street, 11, 13 and 23 Stratton Street with 22 and 24 Kyabra Street.

It has plans with the Brisbane City Council for a three-tower development with over 1,000 apartments and a variety of retail outlets including&nbsp;such as cafes, restaurants, well-being, and health and beauty.

Colliers Queensland agents Troy Linnane and James Matley and Capital Markets Residential National Director Robert Papaleo have been appointed to launch an international expression of interest campaign for the significant residential development opportunity in the heart of Newstead.

The site has an approximate total site area of 7,440 sqm with frontages to Longland, Stratton and Kyabra streets. On completion it will become a new residential and lifestyle precinct, adjacent to Gasworks Plaza, providing a variety of options for the escalating number of people looking to live and socialise in Brisbane’s sought after Newstead precinct.

Similar scale inner city development sites have transacted for over $100 million.

<img alt="Newstead" data-entity-type="file" data-entity-uuid="85e23812-32e7-47bb-8b45-ada99aa5141d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-27%20at%2012.42.13%20pm.png?VersionId=uxUIK7hJyw5pKX0Op6N5XsKVnGgR9z7u" />

Colliers Queensland Residential Director Troy Linnane said the development concept relates to a masterplanned staged, three-tower project providing 1,001 apartments and 2,713 sqm of ground floor retail uses.

"Positioned in an unrivalled location, 'The Newstead Collective' is a stone's throw away from the Brisbane River and iconic destinations like James Street and Howard Smith Wharves, offering a variety of entertainment and lifestyle options that will complement the lifestyle aspirations of its future residents,” Linnane said.

“The apartment typologies vary to include studio, one, two and three bedroom apartment options.

“Based on historical demand and current supply, inner Brisbane will experience a shortfall of approximately 14,000 new apartments over the next four years, which highlights the chronic housing crisis in Brisbane."

<img alt="Newstead" data-entity-type="file" data-entity-uuid="bce9ca66-42af-429c-95ed-965a41d74052" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-03-27%20at%2012.42.07%20pm.png?VersionId=zD6xRHjq0MAK5hFeZV.ungUpYzGA2isi" />

Colliers Queensland Residential Executive James Matley said this is the last residential development opportunity of scale within the heart of Newstead, that will provide much-needed housing for both owner-occupiers and renters in this precinct.

“Due to the strong population growth and the lack of housing supply, with a current vacancy rate of 1.0%, we will continue to see price and rental growth in the Brisbane apartment market for the foreseeable future," Matley said.

"This development offers an inspired design that creates a thriving urban community around a piazza where residents can live, shop, dine, and relax in Brisbane’s most desirable inner-city suburb.

“The average sale price for new apartments in inner Brisbane is $1,726,500, which is the highest on record for new apartments. Price and rent increases are expected to continue given the growing demand v supply imbalance."

Situated in the heart of Brisbane’s best apartment neighbourhood and most sought-after inner city suburb, Newstead Collective offers unmatched amenity being in walking distance to James Street precinct, the Fortitude Valley entertainment precinct, 3km from the CBD, and 15 minutes drive from Brisbane Airports.

The project has been designed by Brisbane-based, award-winning architects Bureau Proberts, with the development application now lodged with Brisbane City Council for assessment.

Similar scale inner city development sites have transacted for over $100 million

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