<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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



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