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

Over the last two decades, Mosaic Property Group has grown from a construction firm focussing on large suburban blocks around 10 kilometres outside of Brisbane, to become one of, if not the most sought-after and trustworthy brand for buyers across the whole of South East Queensland.

<a href="/developers/mosaic-property-group">Mosaic</a> Founder Brook Monahan started the company in 2004 and it steadily progressed from suburban blocks to high-end homes and then into smaller unit complexes. They even partnered with the Queensland Government on some affordable housing projects their business was that diverse.

It was 2012 when the company rebranded with the intention of reaching a cross-section of the market that&nbsp;t was based on understanding what the consumer wanted and then being able to consistently deliver that across a long period of time.

Since then the company has delivered over $2 billion worth of apartments across the booming South East Queensland region, with a further $1 billion currently under construction.

We recently caught up with Brook to talk about Mosaic and how they've grown into one of the largest builder developers in the area.

<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/z01RgqOlEqk?si=uct5RW2J9Gzk8Tc5" title="YouTube video player" width="560"></iframe>

Monahan says that while the company has become known as a luxury brand in the marketplace, that's not what they set out to do.

"We set out to design and deliver product that the market responded well to, and that form and function was just as important as architecture and beauty, but most importantly that people knew we did things for the right reasons over the long term, and that the buyer that bought off us today would be another buyer in the future, and if it wasn't them it would be one of their family members or friends," Monahan said.

Monahan says they've always said they'll be a developer that responded to a larger cross-section of the market.

"We'll deliver projects now that are mostly suited to wealthy downsizers in luxury apartment markets, particularly on the coast, where apartment prices ranges might be between $5 million to $12 million which we couldn't have dreamt of 20 years ago, but then we've also got a diversity of product that will enable people to come and buy a two-bedroom, or two-bedroom plus MPR product in any of one of our markets that suits a different buyer demographic."

As for advice for off the plan buyers, Monahan says do your homework.

"If you don't understand the track record of the organisation, and I'd encourage that track record to relate to whatever it is the project they're now taking to the consumer.

"If you've got a developer, even if they've got a track record, is that track record reflective of the type of product that you're looking to buy off that developer, and if not, I would say proceed with caution in the current market.

For more information on Mosaic Property and what projects they're currently working on, visit their <a href="/developers/mosaic-property-group">Urban Profile here</a>.

Monahan says that while the company has become known as a luxury brand in the marketplace, that's not what they set out to do

Michael Bird

How Mosaic became one of the most trusted developers in South East Queensland: Five minutes with Brook Monahan

Brisbane property developer&nbsp;Opalyn Property Group is luring first home buyers to its high-end Indooroopilly apartment development, Natura.

The price of the two-bedroom apartments, with two bathrooms, two parking spaces, and 90 sqm of living space, are being offered at $749,000, under the government's $750,000 cap for first home buyers to trigger the $30,000 First Home Owners Grant.

<a href="/new-apartments/natura-indooroopilly-55-york-street-indooroopilly-qld-4068">Natura</a>&nbsp;comprises 35 apartments in the heart of&nbsp;<a href="/developments/indooroopilly-qld-4068">Indooroopilly</a>&nbsp;on York Street, not far from Indooroopilly Shopping Centre and around 800 metres from Taringa Train Station.

[smartcode_project:default project_id=94606 project_image_fid=213600]

There are two and three-bedroom apartments on offer in the five-level building designed by&nbsp;<a href="/architects/vsa-designs">VSA Designs</a>. The&nbsp;interiors feature a neutral palette inspired by nature, accentuated by high-quality finishes and fixtures sourced from renowned brands.

The living areas are characterised by their spaciousness and abundance of natural light. Generous glazing, coupled with the Whisper window glazing system, allows sunlight to permeate throughout the interiors, creating a bright and airy ambience.

[smartcode_project:default project_id=94606 project_image_fid=160863]

Each apartment features two balconies, extending the living areas and offering residents a connection to the outdoors. Each also has two undercover secure car parks with intercom security access.

The kitchens within Natura are designed to be both stylish and functional, equipped with SMEG appliances and stone benchtops.

&nbsp;

Residents of Natura will also have exclusive access to a rooftop terrace designed to facilitate social gatherings and provide additional areas for entertainment, complete with BBQ facilities, a separate dining area, and break-out zones enveloped by lush manicured gardens.&nbsp;

[smartcode_project:default project_id=94606 project_image_fid=160862]

Natura has already reached its pre-sales milestones, with anticipation that the remaining apartments will be quickly snapped up once construction commences.

Cule Constructions has been appointed to oversee the construction of Natura, slated for completion in May 2025.

<a href="/developers/opalyn-property-group">Opalyn Property Group</a>&nbsp;has been developing in Brisbane for over four decades, creating a number of projects in Chermside.

[smartcode_project_cta:default project_id=94606]

Cule Constructions has been appointed to oversee the construction of Natura, slated for completion in May 2025

Staff Writer

Natura Indooroopilly apartments give first home buyers a boost with $30k government incentives on offer

Bespoke property developers Feltham Property Group are just two units away from a complete sell-out of their Taringa apartment project, Oakman Residences.

<a href="/new-townhouses/oakman-residences-27-union-street-taringa">Oakman Residences</a>, located on the border of the blue-chip suburbs of <a href="/new-townhouses/toowong-qld-4066">Toowong</a> and <a href="/developments/taringa-qld-4068">Taringa</a>, is set to welcome its residents this year. The development has garnered significant interest from local buyers in the area, who appreciate the unique qualities of this community.

Through retaining 90 per cent of the mature natives onsite, Oakman Residences connects and immerses itself with the heritage streetscape and the neighbouring parklands, delivering a boutique collection of just 24 homes.&nbsp;

Oakman Residences comprises 17 luxury, low-maintenance park-fronting three-bedroom townhomes, along with six full-floor three-bedroom sky homes. The latter are all sold out. The remaining townhouses start from $2.195 million.

[smartcode_project:default project_id=112924 project_image_fid=204785]

Designed by the Elizabeth Anderson-fronted <a href="/architects/hal-architects">Hayes Anderson Lynch</a>, in collaboration with Studio LMD in the interiors, the architecturally designed streetscapes that run through the site have been inspired by the iconic brickwork of Brisbane’s luxury retail and dining precinct, James Street. The timeless design intertwines with traditional Queenslander elements and modern interior fit-outs.

“Designed around the community, Oakman Residences has been crafted to create a sense of privacy and seclusion to each of the dwellings, while feeling protected and nestled within a community,” says Anderson.

[smartcode_project:default project_id=112924 project_image_fid=204777]

The residences are built to the highest standards with solid concrete walls and slabs and feature timber flooring and extra high ceilings in the living area, Bosch appliances in the kitchen, and New Zealand wool carpet in the bedroom. &nbsp;

Additionally, oversized balconies extend the living spaces, providing views of the parklands, while a butler's pantry complements the kitchen setup.

Homeowners can choose from two colour scheme options, both featuring a neutral palette designed to serve as the ideal blank canvas for adding their personality.

[smartcode_project:default project_id=112924 project_image_fid=204779]

The Union Street development is immersed in the suburb’s greenery, boasting resort-style landscaping as well as a curated selection of amenities taking a prime north-east position.

The crown jewel of the development is Kaieta House, an 1890s Federation Queenslander that is being fully restored as part of the development, complete with all the latest fixtures and finishes.&nbsp;

[smartcode_project:default project_id=112924 project_image_fid=204782]

The project also features a circular infinity edge pool, with submerged sun lounges and a Baja shelf, along with a floating timber deck and fire pit with a retained mature native gumtree, a sky terrace with dining and seating overlooking the park, and an outdoor resident’s kitchen with barbecue facilities and a teppanyaki station.

Nestled near Brisbane Boys College, Oakman Residences is conveniently located within walking distance of cafes, restaurants, public transport, and the Brisbane River, making it an attractive prospect for those seeking a luxurious yet connected lifestyle in Taringa.

The development is nearing completion, with construction expected to finish in the middle of this year.

[smartcode_project_cta:default project_id=112924]

Oakman Residences comprises 17 luxury, low-maintenance park-fronting three-bedroom townhomes, along with six full-floor three-bedroom sky homes

Oakman Residences in Taringa approaches sell-out 

Brisbane's off the plan apartment market is expected to be "chronically undersupplied for the next two to three years," a new report by property consultancy firm Charter Keck Cramer has suggested.

Charter Keck Cramer's Metro Brisbane&nbsp;State of the Market H2 2023&nbsp;found there were just 1,100 apartments launched in 2023,&nbsp;&nbsp;-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.

"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.

CKC said that whilst new apartment prices are still increasing and are being met with market acceptance in the higher-end and downsizer projects, this has not yet occurred in the mainstream segment of the market.

<h2>Repricing of off-the-plan apartments</h2>

Charter Keck Cramer said their analysis of Brisbane’s housing market shows that the price gap between detached houses and established units is 56% (the pre-pandemic average was 33%).

"Importantly, our detailed analysis of the established unit market (i.e. townhouses and apartments) shows established units are currently undervalued by +5% to +15% and given the supply/demand imbalance will continue to correct upwards over 2024 as the market finds a new equilibrium.

"Furthermore, the percentage of household income required to service a mortgage on a median-priced house has risen to 36% which is +10% to +15% above levels observed prior to COVID.

"When this is considered in light of the deposit hurdle and diminished purchasing capacity of buyers, many will simply need to make trade-offs should they wish to enter the for sale market with greater demand to be driven into the build to sell apartment market."

When the house price hierarchy is once again established, meaning when the established unit market gets closer to the cost of houses, then new off the plan apartments will be able to be delivered at price points which again make apartment development feasible.

"The timing for when this occurs comes down to when rates start to be cut and when government incentives are introduced, however the industry needs to prepare for dramatic price increases in new off the plan apartments of +25% to +30% (compared to prepandemic prices) over the next 12-18 months across many markets."

The median house price in Brisbane at December 2023 was $876,000, whilst the median unit price was $561,000.&nbsp;

<h2>Brisbane supply metrics</h2>

CKC said that while&nbsp;Brisbane’s City Fringe Region has historically been the city’s most active apartment region due to supportive planning controls as well as the proximity to, and views of, the Brisbane River and CBD, as the apartment market continues to mature, the Inner and Middle Regions will demonstrate a growing importance to Brisbane’s apartment supply.

Just 1,100 apartments were launched in 2023, the lowest&nbsp;volume of launches recorded in more than a decade and a -57% reduction on the previous 12 months. The most active region over the past decade has been the City Fringe Region, however Brisbane’s Inner Region has grown in importance over recent years and was the most active region in 2023, accounting for almost 50% of launches.

<img alt="Brisbane CKC" data-entity-type="file" data-entity-uuid="b5e608d4-4e12-422b-8225-643cd4664ed0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%2012.17.04%20pm.png?VersionId=eoD1hM5qous_c6_AtfNq22Nm5W1.UDMa" />

Only 1,600 apartments started construction in 2023 the lowest number of commencements recorded over the past decade and a decrease of -88% from the peak of 13,300 apartment commencements in 2015.

Brisbane recorded 2,200 apartment completions in 2023. This was an uptick of +70% on the 12 months prior but remains significantly below longer-term trends.

CKC said that completions are forecast to increase again over the next 12 months with 3,100 currently under construction and due to be completed in 2024, but due to the low level of launches and commencements recently, apartment completions are forecast to contract once again to just 1,200 in 2025.

"Charter Keck Cramer expects Brisbane’s apartment market to remain chronically undersupplied for at least the next 2-3 years given current market conditions and the time taken to mobilise and build out high-density projects."

<img alt="Brisbane CKC" data-entity-type="file" data-entity-uuid="5deb2774-0030-42c5-ae2a-744442c91287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-15%20at%2012.17.38%20pm.png?VersionId=mz.FIFQ4SeM48vXaNu_PN7mCm73mNo.N" />

<h2>Outlook over 2024</h2>

Charter Keck Cramer says conditions in early 2024 will be very similar to those of late 2023, and that it will take a lot more than interest rate cuts to stimulate the build-to-sell and build-to-rent apartments both initially back to life, but also to facilitate them to deliver the unprecedented quantum of apartments required to allow the Federal and State Governments to achieve the aspirational housing targets.

"After considering all the data, our view is that the market will start to turn towards the middle of 2024. Interest rates need to be cut by at least the middle of the year and several incentives need to be introduced immediately to stimulate the BTS and BTR apartment markets.

"These are the swing variables as to how quickly the BTS and BTR apartment markets start to turn and how quickly the housing and rental crisis is addressed."

Charter Keck Cramer expects Brisbane’s apartment market to remain chronically undersupplied for at least the next 2-3 years given current market conditions and the time taken to mobilise and build out high-density projects.

Brisbane market to be"chronically undersupplied: for next two to three years: Charter Keck Cramer

Brisbane&nbsp;developer <a href="/developers/ausdev">AUSDEV</a> is nearing the completion of their <a href="/developments/nundah-qld-4012">Nundah</a> apartment development Eight on Eton, which only has a handful of apartments left for sale.

<a href="/buildings/eight-on-eton-nundah-8-eton-street-nundah">Eight on Eton</a>&nbsp;is down to its final few apartments, just two-bedroom units remaining which at $619,000 fall under the Queensland Government's expanded First Home Owner Grant which gives first home buyers a $30,000 grant for purchases under $750,000.

<a href="/developers/ausdev">AUSDEV</a> has also dished up an incentive for investors. They've guaranteed a five per cent rental return for the first year.

[smartcode_project:default project_id=14915 project_image_fid=215800]

All one and three-bedroom apartments have been snapped up by eager buyers who will be moving into the seven-level Eton Street building in mid-2024.

The interiors are designed to suit the modern lifestyle, featuring light-filled spaces, expansive outlooks and open-plan living.

Eight on Eton, situated amid Brisbane's affluent suburbs such as <a href="/new-apartments/clayfield-qld-4011">Clayfield</a> and <a href="/new-apartments/ascot-qld-4007">Ascot</a>, is a seven-floor tower housing a total of 49 apartments.

[smartcode_project:default project_id=14915 project_image_fid=179525]

Located in one of Brisbane's most well-connected suburbs, Eight on Eton offers easy access to public transportation, including trains and buses, as well as proximity to the M7 Tunnel and the nearby airport.

Its location, just eight kilometres from the <a href="/new-apartments/brisbane-qld">Brisbane</a> CBD, makes it an attractive choice for commuters and urban dwellers.

[smartcode_project_cta:default project_id=14915]

Last chance for $30k stamp duty savings at Nundah's Eight on Eton as completion approaches

Despite Brisbane's staggering price growth which has seen it overtake Melbourne in median dwelling value, there's still a strong appetite from first home buyers in the market, as long as there's a compelling enough price point to purchase.

There's <a href="/news/qld/stock-levels-shrink-toward-five-year-lows-in-brisbanes-off-the-plan-apartment-market-urbis-brisbane-apartment-market-insights-q4-2023">few developments being launched across Brisbane</a>, but those that do, and have competitive priced stock, are seeing strong demand from first home buyers because there tends to only be a handful of one-bedroom apartments in a building nowadays, with developers leaning towards two and three-bedroom units.

We've crunched the numbers and wrapped up the top five apartment developments that have drawn the interest of first home buyers so far in 2024.

<h2>Project: Ruby Ruby</h2>

<h3>Location: 12 Crombie Street, Milton QLD 4064</h3>

<h3>Developer: Kokoda Property</h3>

<a href="/developers/kokoda-property">Kokoda Property</a>'s Ruby Ruby will rise 21 levels from 12-18 Crombie Street and will comprise 144 apartments, ranging from 65 sqm to 155 sqm. Prices for <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> start at $799,000.

Ranking first in Apartments.com.au's list of top enquiries by first home buyers for apartment developments in <a href="/new-apartments/brisbane-qld">Brisbane</a>, the feedback from the Urban community voted Ruby Ruby's amenities, floor plan designs, and great location as the development's key strengths.

The 144-apartment building will feature a wellness rooftop with a wet-edge swimming pool that spans the full width of the building. Completing the fitness component of the rooftop is a health and wellness space with a gym, infrared sauna, spa, plunge pool and yoga studio.&nbsp;

[smartcode_project:default project_id=139032 project_image_fid=232307]

Kokoda is also catering for the working-from-home trend with several meeting rooms on the ground level, while the podium will be home to a private dining and lounge area, a cinema room, and a billiards room.

The development will offer a variety of unit configurations, including 54 one-bedroom units, 77 two-bedroom units, 12 three-bedroom units, and two four-bedroom penthouses on the 20th floor.

Moreover, Ruby Ruby is ideally located just behind the <a href="/developments/milton-qld-4064">Milton</a> Train Station, a three-minute train to Roma Street Station. The site has also quickly garnered attention for its quirky cafe and brewery scene attracting young professionals.

<h2>Project: Panorama</h2>

<h3>Location: 37 Mayne Road, Bowen Hills QLD 4006</h3>

<h3>Developer: Arden Group</h3>

<a href="/buildings/panorama-bowen-hills-37-mayne-road-bowen-hills">Panorama</a>, made up of 256 one and two-bedroom apartments over 25 levels designed by <a href="/architects/arqus-design">Arqus Design</a>, is more than competitively priced when put next to comparable apartment developments in Brisbane.

Suited to both investors and first-home buyers, the ready-to-move-in-apartments start from an affordable price of $495,000 for a one-bedroom, one-bathroom unit.

Just over two kilometres from the Brisbane CBD and less than 10-minute walk to some of Brisbane’s best retail, commercial and employment hot spots, Panorama sits in a desirable location.

[smartcode_project:default project_id=7711 project_image_fid=192988]

The building is also located 200 metres from Bowen Hills Station and a 10-minute ride to the Brisbane airport.

On the ground level, Panorama provides residents with convenient retail services, while on level five, the Panorama Retreat features an exclusive resort level, including a lap pool with an adjoining plunge pool, Zen garden, a landscaped north-facing ‘quiet zone,’ barbecue, entertainment terrace, gym facilities and sauna.

The Panorama Skydeck crowns the building and features&nbsp;private nooks, a cinema, bar, and kitchen.

<h2>Project: Wattlebrush Gardens</h2>

<h3>Location: 14 Wattlebrush Court, Park Ridge QLD 4125</h3>

<h3>Developer: Property &amp; Equity</h3>

<a href="/developments/park-ridge-qld-4125">Park Ridge</a> is a peaceful, low-crime rate, strategically positioned suburb with significant potential, despite being 30 kilometres from the Brisbane CBD.

The Council envisions the area as a highly desirable place to live and work, taking advantage of its natural assets, especially with the recent upgrade of the Mt Lindesay Highway.

One developer tapping into the anticipated growth is <a href="/developers/property-equity">Property &amp; Equity</a>, which has delivered a collection of 23 townhomes to the area.&nbsp;

[smartcode_project:default project_id=110047 project_image_fid=185744]

Property &amp; Equity's townhouse development <a href="/new-townhouses/14-wattlebrush-court-park-ridge">Wattlebrush Gardens</a> offers a prime location that has attracted first-home buyers and investors, situated near the entrance to the Mt Lindsay Highway.

Three-bedroom townhomes are still available in Wattlebrush Gardens, with prices starting at an affordable point of $490,000.&nbsp;

Residents will also benefit from the recent completion of the Logan Hospital expansion, a $145 million project, which has transformed the hospital into a state-of-the-art health facility, catering to the growing population in the southwest growth corridor.

Educational facilities are also a hot commodity in Park Ridge, with Wattlebrush Gardens near Park Ridge State High School and Park Ridge Primary.

<h2>Project: Breathe Residences</h2>

<h3>Location: 27 Lorne Street, Alderley QLD 4051</h3>

<h3>Developer: Guavalime</h3>

Although just approaching its launch, <a href="/developers/guavalime">Guavalime</a>'s Breathe Residences in <a href="/developments/alderley-qld-4051">Alderley</a> ticks all the boxes for first-home buyers.&nbsp;

<a href="/new-apartments/breathe-residences-alderley-27-lorne-street-alderley-qld">Breathe Residences</a> offers a variety of configurations to choose from, one, two, and three-bedroom apartments, conveniently situated just a six-minute walk away from the train station and directly opposite Alderley Village.

[smartcode_project:default project_id=143502 project_image_fid=249939]

Inside, the apartments feature exposed concrete ceilings in the living area, while balconies or outdoor rooms feature built-in bench seats and planter boxes, extending living spaces outdoors while offering opportunities for relaxation and greenery.

Local builder <a href="/builders/geocal-group">Geocal Group</a> has already been appointed to build Breathe Residences, which is expected to officially launch soon through <a href="/project-marketer/position-property">Position Property</a>.

<h2>Project: Parque</h2>

<h3>Location: 3 McConaghy Street, Mitchelton QLD 4053</h3>

<h3>Developer: Carbone Developments</h3>

Another recently launched project, <a href="/developers/carbone-developments">Carbone</a>'s <a href="/new-apartments/parque-mitchelton-3-mcconaghy-street-mitchelton">Parque</a> in <a href="/developments/mitchelton-qld-4053">Mitchelton</a> has already gained traction on Apartments.com.au, particularly among first home buyers, presenting one of the rarest opportunities to buy off the plan in an area starved of new apartment supply.

Starting from $450,000, the 60 one and two-bedroom apartments have been designed by <a href="/architects/red-door-architecture">Red Door Architecture</a> to make the most of Brisbane's tropical climate, with the open plan kitchen, living and dining areas opening onto balconies.

[smartcode_project:default project_id=140363 project_image_fid=250246]

The project features a swimming pool and a gym, as well as a sun deck with barbecue facilities and park views.

Slated for completion in July 2025, Parque Michelton's location is one of the stand-out features of the project. Not many projects have the convenience of a train station 35 metres away as well as sitting on 6,100 sqm Osborne Road Park.

Brisbane's top five most popular apartment developments for first home buyers in 2024

The number of off the plan apartments in Brisbane is heading toward five-year lows, data from Urbis found.

The&nbsp;Urbis Apartment Essentials Report showed there were 112 sales in Q4 2023 in <a href="/developments/brisbane-qld">Brisbane</a>, 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.

<img alt="Brisbane Apartment Market Insights Q4 2023" data-entity-type="file" data-entity-uuid="57b2ae14-dd5b-4e5a-a256-d44f13518f6c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Total%20sales%20v%20available%20stock%20Brisbane.jpg?VersionId=0G5ibSO._0BkgWusjAZSZIyc1Wk.nj7r" />

Developers who are able to get their projects in market are reaping the benefits.&nbsp;

<a href="/developers/kokoda-property">Kokoda Property</a>'s apartment development <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> in <a href="/developments/milton-qld-4064">Milton</a> saw took 87 of the 112 sales over the quarter, with a weighted average sale price of $827,011.

The likes of&nbsp;<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>&nbsp;in <a href="/developments/toowong-qld-4066">Toowong</a>, <a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a> in <a href="/developments/kangaroo-point-qld-4169">Kangaroo Point</a>, <a href="/new-apartments/nouveau-albion-8-16-anstey-street-albion">Nouveau</a> in <a href="/developments/albion-qld-4010">Albion</a>, and Queens Wharf Tower in <a href="/developments/brisbane-city-qld-4000">Brisbane City</a>, all secured a handful of sales, but did so at stellar prices, with the weighted average sale price between $1,645,000 and $3.67 million, a sign there's a strong market demand for premium apartments in Brisbane's inner ring.

<img alt="Brisbane Apartment Market Insights Q4 2023" data-entity-type="file" data-entity-uuid="549b2148-3fd1-47d1-a889-a59b79c962a7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Brisbane%20Top%20Projects.jpg?VersionId=YA.3AVsIIskBXNkE36veUJiwd4UmI5Ak" />

Outside of inner Brisbane, the inner west region was the most active in terms of sales over Q4 2023 with 94 apartments sold.

Only nine apartments are available to purchase in the CBD, which makes <a href="/news/qld/first-look-meritons-full-plans-for-first-brisbane-apartment-development-revealed">Meriton's 800-apartment development</a> a game-changer for the city. Morris Property Group is also expecting to have around 180 apartments up for grabs on Eagle Terrace after they <a href="/news/qld/first-look-exclusive-2032-brisbane-olympics-has-morris-property-group-swap-eagle-terrace-office-tower-for-apartments">filed an application to change the use</a> of their commercial office tower plans to residential.

Developers who are able to get their projects in market are reaping the benefits. 

Stock levels shrink toward five-year lows in Brisbane's off the plan apartment market: Urbis Brisbane Apartment Market Insights Q4 2023

Sekisui House Australia has unveiled the final release of apartments in their penultimate stage of their multi-award winning West End masterplan.

They've just taken to market the Opulent Release, a collection of four and five-bedroom luxury apartments in the <a href="/new-apartments/the-allere-collection-west-village-mollison-street-west-end">Allere</a> Collection, which comprises two towers, Uno and Duo. Uno and Duo, which are 95 per cent sold, will be the second to last buildings in the $1.2 billion, 2.6-hectare West Village precinct which <a href="/developers/sekisui-house-australia">Sekisui</a> started developing in 2016.

Designed by the renowned architecture firm <a href="/architects/rothelowman">Rothelowman</a>, Uno and Duo towers rise 20 levels above West Village in the heart of&nbsp;<a href="/developments/west-end-qld-4101">West End</a>.

[smartcode_project:default project_id=114215 project_image_fid=257536]

The residences feature distinctive marble interiors, echoing classic Italian sensibilities. The Opulent apartments in Uno showcases a blush palette of pink, beige, cream, and grey marble, while those in Duo feature Verde Atlantis Marble, blending shades of blues, greens, and greys.

The four-bedroom apartments come equipped with high-end Miele appliances, including an integrated fridge and freezer, a five-burner gas cooktop, a steam oven with microwave, a pyrolytic (self-cleaning) oven, and an integrated dishwasher.&nbsp;

The five-bedroom penthouses take luxury a step further with additional features such as a Vintec underbench wine fridge and V-Zug combination steam and pyrolytic ovens.

[smartcode_project:default project_id=114215 project_image_fid=257538]

Both configurations feature herringbone lay floorboards and motorised block-out roller blinds in bedrooms, along with motorised sheer curtains in living areas.

Amenities at The Allere Collection include pet-friendly facilities and access to two shared rooftop pools exclusively for residents. Uno offers a dedicated dog off-leash area named 'Paw Pavilion,' while Duo features a doggy day spa for DIY washing.

Situated just 800 metres from <a href="/new-apartments/brisbane-qld">Brisbane</a> CBD, the development offers proximity to the city's cultural hub, Southbank, and QPAC, with Metro Arts conveniently located downstairs.&nbsp;

The appeal of The Allere Collection spans a diverse demographic, attracting first home buyers, pet owners, and both young and established families.&nbsp;

[smartcode_project:default project_id=114215 project_image_fid=207148]

The prime location on Mollison Street, close to seven schools, further enhances its allure among families seeking convenient access to education hubs.

The broader West Village precinct, encompassing 2.6 hectares, 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_cta:default project_id=114215]

The residences feature distinctive marble interiors, echoing classic Italian sensibilities

Sekisui release final apartments in West Village's Allere Collection

Renowned South East Queensland developer Mosaic Property Group has sold out its Toowong apartment development, The Prescott, before construction has completed.

<a href="/new-apartments/the-prescott-by-mosaic-toowong-24-28-lissner-street-toowong">The Prescott</a>, on a 2,108 sqm site on Lissner Street on the fringe of&nbsp;<a href="/developments/toowong-qld-4066">Toowong</a>&nbsp;village, comprises 100 apartments across a 14-level building. There were 10 apartments that featured in Mosaic's sought-after Masterpiece Series.

Mosaic partnered with acclaimed design firm <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="/new-apartments/east-brisbane-qld-4169">East Brisbane</a>. The architectural design incorporates cascading and climbing plants on each facade, creating green spines throughout The Prescott.

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.

[smartcode_project:default project_id=107029 project_image_fid=251124]

The design of The Prescott draws on&nbsp;local historical references, particularly architectural detailing and craftsmanship, to bring something refreshing and new to Toowong.

Architecture and materiality are timeless, with a strong emphasis on landscaping, including an abundance of cascading and climbing plants. Seven green spines feature across the building, connecting the ground to the rooftop, breathing life into each facade.

A veiled podium references the nearby Regatta Hotel and surrounding masonry apartment context with the inclusion of breeze blocks.

[smartcode_project:default project_id=107029 project_image_fid=251119]

Mosaic's building arm,&nbsp;<a href="/builders/mosaic-construction">Mosaic Construction</a>, completed the ground-level concrete slab pour last month, a massive task involving 1320 cubic metres of concrete. Weather permitting, the team aims to complete the forming and pouring of the level two slab by the end of March.

<a href="/developers/mosaic-property-group">Mosaic</a>&nbsp;has 11 projects under construction in Brisbane and the Gold Coast, the majority of which are sold out. The Prescott is Mosaic's third apartment development in Toowong, following the successful&nbsp;<a href="/new-apartments/the-patterson-by-mosaic-15-archer-street-toowong">The Patterson by Mosaic</a>&nbsp;and&nbsp;<a href="/buildings/kensington-by-mosaic-36-sylvan-road-toowong">Kensington by Mosaic</a>.

[smartcode_project_cta:default project_id=107029]

Mosaic has 11 projects under construction in Brisbane and the Gold Coast, the majority of which are sold out

Mosaic sell out The Prescott in Toowong

Joint venture partners&nbsp;Guavalime and Capital Prudential grabbed one of the closest residential development sites to Alderley Station for their latest Brisbane apartment development.

Their new project, <a href="/new-apartments/breathe-residences-alderley-27-lorne-street-alderley-qld">Breathe Residences</a> at 27 Lorne Street, is ideally located near the corner of Samford Road and a stone's throw from the heart of Alderley.

Future residents of the <a href="/architects/loucas-architects">Loucas Architects</a>-designed building will be just 450 metres from Alderley Station on South Pine Road, where there's a number of bus stops heading into Roma Street.

[smartcode_project:default project_id=143502 project_image_fid=249940]

Half way between the one, two and three-bedroom apartment development and the station is Alderley Plaza, anchored by a Coles supermarket and also home to Japanese grocery store Genki Mart, Alderley Australia Post, a chemist, and a number of multi-cultural restaurants.

Around 200 metres from the front door of Breathe Residences is the most popular pub in the suburb, the Alderley Arms Hotel, a mainstay for locals and visitors to Alderley for a number of years.

The closest cafe is Brisbean Cafe, close to the entry of the station just over 300 metres away.

[smartcode_project:default project_id=143502 project_image_fid=249939]

The neighbourhood's liveability is further enhanced by its abundance of parks.

The Banks Street Reserve, a 30-hectare park just a nine-minute walk south of Breathe Residences, offers a variety of recreational activities, from biking along the scenic bikeway to bushwalking and enjoying open spaces.

There is also Grinstead Park, a five-minute walk north of Breathe Residences, perfect for all ages with its exercise equipment, BBQ areas, dedicated bike track for kids, soccer and basketball courts, tennis wall, and massive fort playground.

<a href="/architects/loucas-architects">Loucas Architects</a>&nbsp;designed Breathe Residences, capturing modern Australian design. The central concept focuses on the building’s "lungs" – a garden courtyard at the core, surrounded by pathways promoting mobility, connections, and peaceful moments within the gardens.

<a href="/developers/guavalime">Guavalime</a>&nbsp;and&nbsp;<a href="/developers/capital-prudential">Capital Prudential</a> has already appointed&nbsp;<a href="/builders/geocal-group">Geocal Group</a>&nbsp;to build Breathe Residences, which is expected to officially launch soon through Position Property.

[smartcode_project_cta:default project_id=143502]

Alderley's liveability is enhanced by its abundance of parks, cafes, and central train station



Brisbane off the plan apartments

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Brisbane off the plan apartments

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News