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

There's no stopping Brisbane in either the house or unit market.

January marked yet another month of gains of one per cent or over in both the house and unit market, while other capital cities show a few signs of growth softening, CoreLogic's Hedonic Home Value Index for January showed.

Brisbane's unit market, which incorporates both apartments and townhouses, jumped 1.1 per cent to be 13.6 per cent up in the last 12 months. Across 2023 the unit market gained 12.2 per cent.

The median unit value in Brisbane is now $568,000 and is approaching Melbourne's median of $608,000. Brisbane's median dwelling value (both houses and units), <a href="/news/qld/brisbanes-median-dwelling-price-overtakes-melbourne-after-staggering-price-growth-corelogic">overtook Melbourne</a> at the back end of last year, primarily driven by the housing market.

<h2>What's happening in Brisbane's off the plan apartment market?</h2>

Feedback from both agents and developers continues to be positive, with high enquiry volumes, high numbers coming through the door, and high conversions.

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Kokoda Property</a> is continuing to make sales at its <a href="/new-apartments/milton-qld-4064">Milton apartment development</a> <a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a>.

The Cottee Parker-designed tower with 144 apartments across 21 levels is fast approaching sell out, having only tentatively launched to the retail market.

The project has incredible amenity, centred on a rooftop wellness space with an infinity pool, a gym, infrared sauna, spa, plunge pool and yoga studio.

[smartcode_project:default project_id=139032 project_image_fid=231171]

Busy Woolloongabba developer Sarazin is too making strides in their latest project <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia</a>, in <a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a> on the fringe of the <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> precinct.

Murcia, on Overend Road just 150 metres from The Gabba, has been one of Urban's most popular Brisbane apartment developments since it launched to the market in June 2023. The 18-level,187-apartment building is named after the Spanish city of Murcia, and has influences of the beachside city throughout its architecture and landscape design.

[smartcode_project:default project_id=135094 project_image_fid=214684]

Sarazin State Director Adam Rainbird says there's plenty of activity in the market, and the start of the year has seen it pick up again.

"We’re seeing a lot of buyers at our Murcia project either upsizing or downsizing locally," Rainbird says.

[smartcode_project:default project_id=135094 project_image_fid=214645]

"We’ve got a variety of owner-occupier stock which suits various different life stages of owner-occupiers.

"We’ve also had buyers from further afield who have their main home in Noosa or even far north Queensland but want a city base.

Rainbird says one of the big drivers of sales at <a href="/news/qld/a-front-row-seat-to-the-2032-brisbane-olympics-how-murcia-residences-is-set-to-take-advantage-of-woolloongabba-boom">Murcia is the location</a>, with the Cross River Rail a big infrastructure project which will connect future residents to the city in minutes.

He says underpinning the whole off the plan apartment market is a supply shortage, and it’s getting worse.

"If you have a good product on the market, there’s definitely the demand for it."

[smartcode_project:default project_id=135094 project_image_fid=214682]

<a href="/developers/holm-developments">Holm Developments</a> Founder and Director Godfrey Esmonde says what they're going to focus on in 2024 is providing confidence.

"I think confidence is the key for all aspects of the industry," Esmonde says.

"From a finance perspective the lenders are going to want to be confident in the products appeal, the developers ability and especially the selected builder. Being able to instil confidence in your lender will go along way to securing the necessary funding to get projects up and running. Doubts over any of the above may see projects stall even if on paper the returns look good."

He says from a sales perspective, it's about creating confidence in the market.

"Buyers want to be confident that the developer is competent and has a track record of delivering, they want to be confident the funding is available for the project so that it commences onsite and they want to be confident the builder is financially stable and will be there at the end of the project."

As far as how the market looks for 2024, Esmonde says the outlook is good with inflation slowing and rates possibly stabilising or reducing.

"I think there will be a surge in sales as people become more confident about the general financial outlook but I don’t think it will be a mad rush, too many people have been burnt recently or know someone who has and as such they will be more cautious about jumping in. Thus if you can&nbsp; instil that confidence you should be ahead of the pack to capitalise."

Holm is currently marketing <a href="/buildings/ascot-row-89-95-stevenson-street-ascot">Ascot Row</a>, just 14 luxury apartments on Stevenson Street in Ascot.

City Beat February 2024: Brisbane's 2023 property market gains continue into 2024

Brisbane builder developer Carbone Developments has launched its latest apartment project, Parque.

Parque Mitchelton, in Brisbane's north-west, will home 60 one and two-bedroom apartments at&nbsp;3 McConaghy Street, a literal stones throw from <a href="/new-apartments/mitchelton-qld-4053">Mitchelton</a> Station.

With the backdrop of Osborne Road Park, <a href="/new-apartments/parque-mitchelton-3-mcconaghy-street-mitchelton">Parque Mitchelton</a>&nbsp;presents one of the rarest opportunities to buy off the plan in an area starved of new apartment supply.

Starting from $450,000, many of Parque Mitchelton's apartments feature leafy park views, providing a peaceful retreat within the heart of the city.

[smartcode_project:default project_id=140363 project_image_fid=250242]

The apartments have been designed by Red Door Architecture to make the most of Brisbane's tropical climate, with the open plan kitchen, living and dining areas opening onto balconies.

Buyers will have the opportunity to choose a custom upgrade package as part of their purchase if they buy before or during the construction phase.

The project features a swimming pool and a gym, as well as a sun deck with barbecue facilities and park views.

[smartcode_project:default project_id=140363 project_image_fid=250238]

Slated for completion in July 2025, Parque Michelton's location is one of the stand out features of the project.

It's located a stones throw away from the Michelton Station which is 20-minutes from Brisbane's Roma Street Station.

Not many projects have the convenience of a train station 35 metres away as well as being on a park. Parque Michelton is aptly named for sitting on Osborne Road Park, a 6,100 sqm park with a children's playground and large grassed areas.

Parque Michelton is also within close proximity to a number of cafes, restaurants and shopping centres.<img alt="Parque" data-entity-type="file" data-entity-uuid="3c634b32-73c2-4f7d-a0e6-f99463dee1c8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-01%20at%204.01.48%20pm.png?VersionId=odwws9PNbVHvvP7gh9yi9iVuWHq_4aDJ" />

<a href="/developers/carbone-developments">Carbone Developments</a> has been developing in Brisbane for over two decades. They've developed both house s and multi-residential projects in the likes of&nbsp;<a href="/new-apartments/lutwyche-qld-4030">Lutwyche</a>, <a href="/new-apartments/redland-bay-qld-4165">Redland Bay</a> and <a href="/new-apartments/chermside-qld-4032">Chermside</a>.

They have future projects coming up in <a href="/new-apartments/windsor-qld-4030">Windsor</a> and Redland Bay.

Staff Writer

Carbone launch Parque, Mitchelton apartment development

Brisbane's real estate picture, overall, shows stability, adaptability, and promising growth.

That's the view of&nbsp;Herron Todd White Director David Notley, who noted in the property valuation firm's 2023 Year in Review the Brisbane market experienced fluctuations over the year, but ultimately there are a lot of factors driving the market.

"When thinking about the things that surprised us this year, it’s hard to go past the ongoing strong demand for housing," Notley said.

"Yes, population growth and a rosy outlook leading to the 2032 Olympic Games all helps but given the interest rate rise cycle may not yet be quite over and that there might well still be some economic pain on the horizon, you might expect demand to slow a little. This simply hasn’t been the case and the recent uptick may well continue into next year as well."

Notley said while the&nbsp;beginning of 2023 delivered a little more stability following the RBA's 2022 interest rate rises, buyers still had some trepidation around when or if rates would rise again.

"Property owners weren’t keen to list their homes during a time of reduced buyer demand and uncertainty around the economy.&nbsp;However, the net effect was resilient property prices, remaining largely unaffected despite the temporary dip in activity.

"The pace picked up a little over mid-year. It would appear that some buyers who had delayed their plans were feeling a little more secure in the economic landscape.

"This strengthening in the market – both sales volumes and prices – has continued through to the end of the year. Some interesting statistics show how well we’ve performed in comparison to other capital cities, too. CoreLogic data to October reveals Brisbane’s rolling quarterly change in property values was greater than both Sydney and Melbourne as we tail out the year. But of course, markets are more nuanced than this with various price points, property types and locations all seeing different outcomes in 2023."

<img alt="HTW" data-entity-type="file" data-entity-uuid="8ae6c2f2-4c40-4184-9713-f67cbd3c8c0a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%207.44.34%20pm_1.png?VersionId=18o1yE2kXRv5xBo1JvvtrQ1KkxLJeWZq" />

&nbsp;

Notley said units and townhouses gained popularity among first-time buyers, offering an affordable entry into the property market.&nbsp;

&nbsp;

"Big money was also being regularly spent on the apartment market," Notley said.

"Downsizers/empty nesters who have done well riding Brisbane’s property wave over the past few decades were able to enjoy some very impressive living.

"New apartment sales – both completed and off-the-plan – at $3 million-plus price points were a regular occurrence during 2023."

Brisbane's population surge has intensified pressures on the tight rental market, with meagre vacancy rates of approximately 0.9%.

"That flags an extreme imbalance with very tight supply butting up against huge demand. As a direct result, there has been upward pressure on rents. This seems to have prompted some investors to re-enter this sector of the market over recent months, which is a good thing."

To address affordability concerns for first-time homebuyers, the state government recently announced a doubling of the first homeowner’s grant to $30,000, albeit limited to new builds.

"The bump will be enormously helpful to first-time buyers but might also drive up the price of property in certain locations. Activity in fringe estates or new stages in the growth corridors – such as Ripley out to the west of Brisbane – might pick up on the back of the announcement."

&nbsp;

"New apartment sales at $3 million-plus were a regular occurrence during 2023": Herron Todd White's Brisbane year in review

Stones Corner might not have even been officially recognised as a suburb until 2017, but the inner-Brisbane pocket is expected to do even more than ride on the coat tails of the infrastructure boom in&nbsp;Woollangabba.

The small 60-hectare suburb with a population of around 2,500&nbsp;has been a popular suburb in recent years, particularly since the announcement of the 2032 Brisbane Summer Olympics. Developers have managed to secure land in <a href="/developments/stones-corner-qld-4120">Stones Corner</a>&nbsp;for a fraction of the price of larger sites in Woollangabba, which is helping them get to the construction phase of projects faster.

While the billions of dollars worth of infrastructure earmarked for Woollogabba will inherently benefit suburbs surrounding it, as well as of course the whole of Brisbane, Stones Corner has a number of its own infrastructure projects which will take the suburb to another level of desirability.

The Buranda Village Shopping Centre, albeit technically in Woollangabba but very much on the fringe of Stones Corner, was approved for a redevelopment to turn it into a&nbsp;mixed-use precinct with new build-to-rent and commercial towers, as well as a hotel and a number of bars and restaurants.

Definitely in Stones Corner is Stones Corner Village, which will to be redeveloped to incorporate a mix of residential and commercial uses. Two adjoining towers will be built above 3,000 sqm of retail, further enhancing Stones Corners' lifestyle appeal.

Set to take advantage of the Stones Corner boom is longtime Brisbane developer&nbsp;<a href="/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, who are developing <a href="/new-apartments/stonebrook-stones-corner-10-flora-street-stones-corner">Stonebrook</a>, a nine-level, owner-occupier focused tower on the fringe of Hanlon Park, crowned Australia's best park in 2023.

[smartcode_project:default project_id=114094 project_image_fid=223429]

The builder developer, who is focusing on two, three and four-bedroom apartments in the building, is on track for a late 2024 completion of the development which could well sit in one of Stones Corners' best areas.

Future residents will have&nbsp;direct access to Hanlon Park, an ideal spot for a morning or evening walk or even cycle. Hanlon Park boasts a revamped children's playground, walking and riding tracks, and a natural waterway.

[smartcode_project:default project_id=114094 project_image_fid=246997]

Stones Corner Village, currently operating until its redevelopment, is a four-minute walk from the front door of Stonebrook, which coffee pit stops&nbsp;Lady Marmalade, Shady Palms, and Clove n Honey are even closer.

Come evening, dining and entertainment options abound, with highlights such as Crafty Fox Alehouse &amp; Kitchen or 5 Boroughs.

[smartcode_project:default project_id=114094 project_image_fid=223427]

For families, Stonebrook is within one kilometre of primary and secondary educational institutions such as Buranda State School, St James Primary School in&nbsp;<a href="/new-apartments/coorparoo-qld-4151">Coorparoo</a>, <a href="/new-apartments/greenslopes-qld-4120">Greenslopes</a> State School, Narbethong State Special School, and Villanova College. The closest University of Queensland campus is two kilometres away.

Stones Corner is the perfect place for those seeking proximity to Brisbane CBD while enjoying the tranquillity of suburban living.

[smartcode_project_cta:default project_id=114094]

Why Stones Corner is proving an attractive investment proposition

St Lucia is set for a luxe new riverside development with plans submitted for River Edge, a striking bureau^proberts-designed collection of apartments.&nbsp;

There will be just eight three-bedroom apartments and two four-bedroom penthouses in the four-level building at&nbsp;<a href="/new-apartments/river-edge-7-ryans-road-st-lucia">7 Ryans Road</a>, just a few hundred metres down the river from Guyatt Park and its ferry wharf.

<a href="/architects/bureauproberts">bureau^proberts</a>&nbsp;said in their Design Report submitted to the Brisbane City Council that&nbsp;the building's architecture is inspired by the changing landscape of the riverbanks between <a href="/new-apartments/toowong-qld-4066">Toowong</a> and the University of Queensland.

<img alt="River Edge" data-entity-type="file" data-entity-uuid="d40a4073-5533-4574-bd45-94e863b45091" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%203.30.44%20pm.png?VersionId=PE8A0FX9_CjRl1FA1dQdw35wUvfuuq4w" />

"River Edge is a celebration of the natural beauty and subtropical lifestyle that defines the character of St Lucia, Brisbane,"&nbsp;bureau^proberts&nbsp;said.

"Nestled along the meandering riverbanks between Toowong and the peninsula of the University of Queensland at St Lucia, this boutique ten apartment development takes its inspiration from the fractured riverbank formations and movements, allowing the architecture to seamlessly merge with the surrounding environment."

They said the fractured slab edges that reach out to the riverbank are then carved away to erode the building form between residences to enhance views up and downstream.

"The development is designed to be an enduring testament to the symbiotic relationship between architecture and nature, offering residents a blend of luxury and tranquillity."

<img alt="River Edge" data-entity-type="file" data-entity-uuid="00e3e7af-5e93-4793-8108-75e87f49eade" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%203.29.32%20pm.png?VersionId=7mmPcH0.2CFV.730OiTAJCU7rTjGX2bd" />

The communal facilities will be located on the roof where there will be rainforest atrium, a swimming pool with sweeping views, flanked by two private terraces of the two penthouses, each with their own plunge pools.

There's just one low-rise building between River Edge and the actual river edge.

&nbsp;

&nbsp;

&nbsp;

&nbsp;

Ranging from 140 sqm to 181 sqm for the apartments and penthouses from 334 sqm to 354 sqm, each residence boasts spacious balconies spanning 27 sqm to 100 sqm, offering panoramic views of the Brisbane River.&nbsp;

The development also features a rooftop communal garden and pool terrace, complete with a barbecue and dining area overlooking the river.

Part of the rooftop will only be exclusive for penthouse residents, which will include private plunge pools and outdoor dining-entertaining areas.

A distinctive feature of River Edge is a large cave-like rainforest courtyard, designed to transform the typical lobby space into a lush, light-filled garden, fostering cross ventilation throughout the apartment interiors and creating a dramatic arrival experience for residents.&nbsp;

There would also be a landscaped pathway to the river to activate the river's edge for residents to enjoy.

The proposal includes a basement level with 27 parking spaces and bike storage.

&nbsp;

&nbsp;

&nbsp;

In response to a growing demand from the discerning pool of property downsizers, plans have been officially filed for an opulent residential development along the prestigious riverfront of <a href="/new-apartments/st-lucia-qld-4067">St Lucia</a>—one of <a href="/new-apartments/brisbane-qld">Brisbane</a>'s oldest, affluent, and tightly held suburbs.

The proposed development, dubbed River Edge, would replace planner and property owner Josephine Morris' five-bedroom, three-bathroom family home on the 1758 sqm site at 7 Ryans Road into ten upscale, house-sized luxury riverside apartments.

&nbsp;

&nbsp;

"River Edge is a celebration of the natural beauty and subtropical lifestyle that defines the character of St Lucia, Brisbane," bureau^proberts said.

St Lucia set for luxury downsizer riverside apartment development

National builder developer <a href="/developers/arden-group">Arden&nbsp;Group</a> is creating something a little different in East Brisbane with its latest apartment project, Eighteen Park.

The project, in both its density and design, is more commonly seen around the bend in Kangaroo Point. But because it's not, Arden have been able to offer the premium apartments at a fraction of the price of what they would be facing the city.

Starting from $1.78 million,&nbsp;<a href="/new-apartments/eighteen-park-east-brisbane-18-park-avenue-east-brisbane">Eighteen Park</a>&nbsp;comprises just 27 three-bedroom apartments, adjacent to the protected Mowbray Park at 18 Park Avenue.

Designed by the renowned architecture firm <a href="/architects/altis-architecture">Altis</a>, the 12-storey residential tower boasts a curvilinear façade, following the gentle bend of the river's edge, softened with vertical green spaces that ascend towards the sky.

[smartcode_project:default project_id=113519 project_image_fid=223266]

Upon entering the building, residents are greeted by a theatrical lobby with soaring four-metre-high ceilings. The warmth of materials inspired by the adjacent park creates an inviting atmosphere.

The apartments are designed with open living and dining areas that lead out to balconies overlooking views of Mowbray Park and rare north-east panoramas of the Brisbane River that will remain unobstructed.

The elevated 2.7-metre ceilings throughout the home maximise natural light and breezes, creating a bright and airy ambience.&nbsp;

[smartcode_project:default project_id=113519 project_image_fid=206252]

The kitchens are well-appointed with a suite of Miele appliances and feature stone benchtops, and a butler's pantry.

Residents of Eighteen Park will have access to a rooftop oasis with an open-air infinity-edge pool as the centrepiece. The rooftop will also have a covered entertainment area with BBQ facilities, seating pods, as well as a wellness centre with a sauna and yoga deck. A gym, with state-of-the-art Technogym machines, is located on the ground level.

[smartcode_project:default project_id=113519 project_image_fid=205959]

Eighteen Park is located within steps of the Mowbray Park CityCat and provides convenient access via the river to all of <a href="/new-apartments/brisbane-qld">Brisbane</a>'s best dining and shopping destinations.&nbsp;

Construction is underway with Groupline Constructions, with completion forecast for 2025.

The project is one of only two currently on the market in&nbsp;<a href="/new-apartments/east-brisbane-qld-4169">East Brisbane</a>. The other is Sarazin's <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a>, which has been popular across all market segments.

[smartcode_project_cta:default project_id=113519]

&nbsp;

Eighteen Park is one of only two currently on the market in East Brisbane

Above Mowbray Park and the Brisbane River: Inside Arden's Eighteen Park

Busy Brisbane developer Pradella has kicked off its new pipeline for 2024, launching Jardinia, their first residential apartment development in Yeronga.

Jardinia, Spanish for garden, comprises 87 one, two, three, and four-bedroom residences across a five-level building at 26-36 Shottery Street, near&nbsp;<a href="/developments/yeronga-qld-4104">Yeronga</a>&nbsp;Station and the amenity of Fairfield Road.

Designed by <a href="/architects/wiltshire-stevens-architecture">Wiltshire Stevens</a>, Jardinia offers carefully crafted apartments that go beyond their walls, featuring a living green façade that connects with the surrounding environment.

Upon entering the apartments, residents are greeted with a private entry foyer that leads to open-plan living spaces seamlessly extending to extensive terraces, creating an effortless sense of connectivity and airiness.&nbsp;

[smartcode_project:default project_id=137221 project_image_fid=249212]

The kitchens are well-equipped with SMEG appliances and feature stone countertops and an island fitted with a sink.

The spacious master suites include large walk-in robes and feature ensuites with dual vanities, a freestanding bathtub, and a separate shower. Other bedrooms provide built-in robes and convenient access to the main bathroom.&nbsp;

Some of the larger apartments offer a multi-purpose room which is expected to be utilised as either an extra bedroom, home office, or a media room.

[smartcode_project:default project_id=137221 project_image_fid=249209]

Jardinia offers residents the choice of two contemporary colour schemes.

The rooftop terrace at Jardinia draws inspiration from the riad gardens of palaces in distant lands, featuring lush greenery, a resort-style pool, sunbeds, and entertaining areas.

Health and well-being are also a priority, with amenities such as a multi-purpose media room and a well-equipped gym.

[smartcode_project:default project_id=137221 project_image_fid=249210]

Jardinia takes pride in incorporating EnviroDevelopment elements, achieving a 5-leaf certification from the UDIA EnvironDevelopment.

Position Property are marketing apartments at <a href="/new-apartments/jardinia-yeronga-26-36-shottery-street-yeronga-qld-4104">Jardinia</a>, with prices start at $559,000.

<a href="/developers/pradella">Pradella</a>, led by Kim Pradella, has been developing in Brisbane's inner-ring since being founded in 1956. They're well known for their $1 billion Montague Markets precinct in West End.

Last year they <a href="/news/qld/pradella-secure-their-next-brisbane-apartment-development">secured a prime site in Toowong for another project</a> which they're expected to file a development application for this year.

[smartcode_project_cta:default project_id=137221]

Position Property are marketing apartments at Jardinia, with prices start at $559,000

Pradella launch Yeronga apartment development Jardinia

Prominent national property developer&nbsp;Sekisui House Australia&nbsp;has secured a 4 Star Gold Star rating from the Independent Construction Industry Rating Tool (iCIRT).

The iCIRT rating system is an initiative driven by the NSW Building Commissioner to improve transparency within the industry by assessing their experience and capability, aiming to enhance public trust and market transparency for home buyers. The distinction of a 4-Gold Star rating positions Sekisui House as one of the leading developers in the NSW, aligning with the company's dedication to creating high-quality, sustainable communities.

Hide Seguchi, CEO of Apartment &amp; Mixed-Use Developments at <a href="/developers/sekisui-house-australia">Sekisui House Australia</a>, said the 4-Gold Star iCIRT rating is a reflection of the team's hard work and steadfast dedication to excellence.

"It affirms our commitment to integrity and sustainability, which are the cornerstones of our community-building philosophy," Seguchi said.

"The certification will strengthen the confidence our customers have in us, reinforcing our position as a trusted leader in the industry.”

The iCIRT rating rigorously evaluates developers and builders across six critical criteria: character, capability, conduct, capacity, capital, and counterparties. Sekisui House’s 4-Gold Star rating is supported by its impressive track record in Australia, operational transparency, solid customer relationships, strong partner and supplier networks, and extensive technical expertise and engineering proficiency within the team.

“This iCIRT rating plays a vital role in the property market in NSW for both homebuyers and the industry,” Seguchi added.

“It provides buyers with the assurance they need when making one of the most important decisions of their lives. Our high iCIRT rating is a testament to our ability to construct homes and communities that stand the test of time. We encourage all potential homebuyers to incorporate the iCIRT rating into their property research process.”

Sekisui currently has a number of multi-residential projects in both New South Wales and Queensland.

[smartcode_project:default project_id=114215 project_image_fid=204853]

In Brisbane they're longtime, multi-award winning development West Village is drawing to a close. Having started developing the landmark Peter's Ice Cream Factory site in <a href="/new-apartments/west-end-qld-4101">West End</a>, Sekisui now have the final apartments available in the penultimate stage, The Allere Collection. They will then release the final instalment of the thriving mixed-use precinct, <a href="/new-apartments/callista-on-park-west-end-49-mollison-street-west-end">Callista on Park</a>.

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-sekisuis-plans-for-west-village-final-tower-callista-on-park">First look exclusive: Sekisui's plans for West Village final tower, Callista on Park</a>

In Sydney they have their $1 billion billion masterplan in <a href="/new-apartments/norwest-nsw-2153">Norwest</a>, <a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153">The Orchards</a>, which is well on its way to becoming another thriving new community.

[smartcode_project:default project_id=111509 project_image_fid=191136]

They will be completing the third stage, <a href="/buildings/the-orchards-lumia-norwest-104-fairway-drive-norwest-nsw-2153">Lumia</a>, later this year, and have recently launched new releases <a href="/new-apartments/the-orchards-i-veue-central-norwest-104-fairway-drive-norwest-nsw-2153">Veue Central</a> and <a href="/new-apartments/sanctuary-wentworth-point-willow-release-11-wattlebird-road-wentworth-point-nsw-2127">Willow</a>.

The Turner Studio-designed masterplan will cover 1.4-hectares and when finished&nbsp;will comprise 1,300 apartments, extensive parklands, outdoor cinema, playgrounds, and a community centre.

They also have a $5 billion, 30-hectare project in Melrose Park North which will include around 6,000 new apartments, a new town centre and retail village, as well as a house and land project in Gledswood Hills.

Sekisui House Australia awarded 4-star rating under the independent construction industry rating tool iCIRT

Sekisui House Australia earn 4-star iCIRT rating

Brisbane developer Spyre has sold 70 per cent of the apartments in their striking <a href="/new-apartments/toowong-qld-4066">Toowong</a> apartment development&nbsp;<a href="/new-apartments/arc-residences-toowong-570-coronation-drive-toowong">Arc Residences</a>, with demolition now starting to occur on site.

<a href="/developers/spyre-group">Spyre</a>&nbsp;ended 2023 with the demolition team remobilised on the Coronation Drive site, with their machinery and recommenced with the hard demolition phase.

The demolition crew is now diligently working to dismantle the concrete structure of the existing house, paving the way for the subsequent deconstruction of the apartment building.&nbsp;

&nbsp;

Arc Residences comprises a collection of 24 three and four-bedroom apartments on the banks of the <a href="/new-apartments/brisbane-qld">Brisbane</a> River.

[smartcode_project:default project_id=112987 project_image_fid=222190]

Designed by <a href="/architects/bureauproberts">bureau^proberts</a>, the architecture of Arc Residences emphasises a delicate balance between privacy and aesthetics.&nbsp;

Arc offers a new level of privacy and sun protection, emphasising visual appeal through expansive greenery and striking plays of light and shadow. The design, influenced by the Brisbane River, seamlessly integrates a supreme sense of scale, linear elements, and intricate details.

“Each guest is greeted with a striking and sophisticated marble entrance that sets the tone for the residence. Warm bronze tapware that brings out the richness in the stone immediately draws the eye to a bold way of living to be proud of,” Spyre Group's Kent Pinel said.

Inside, the apartments feature neutral tones of white and cream are balanced with bold accents and tapware throughout, while irregular shapes and free-flowing forms add visual interest to the homes.

[smartcode_project:default project_id=112987 project_image_fid=201583]

“We have created warm sophistication through a striking yet subtle interior palette. Arc exemplifies the ultimate interior specification,” Design Leader of Bureau Proberts, Dan Liddy, said.

Each Arc residence is carefully crafted to showcase stunning panoramic views, spanning over 180 degrees from <a href="/new-apartments/st-lucia-qld-4067">St Lucia</a> to <a href="/new-apartments/south-brisbane-qld-4101">South Brisbane</a>.&nbsp;

Arc also features a rooftop experience with an integrated landscape and all the essential lifestyle amenities in this elevated space.

Strategically located at the heart of Toowong's vibrant lifestyle hub, Coronation Drive is just moments from an array of dining, entertainment and transport options.&nbsp;

Arc Residences has instant access to all of Brisbane’s best connected by nearby walkways, ferry terminal and train station.

The development is slated for completion in 2025.

[smartcode_project_cta:default project_id=112987]

Arc Residences has instant access to all of Brisbane’s best connected by nearby walkways, ferry terminal and train station

Spyre's Arc Residences in Toowong hits 70% sold as demolition approaches

Last year the Queensland Government increased its support for first-home buyers in Queensland, doubling the First Home Owner Grant (FHOG) from $15,000 to $30,000 for eligible first home buyers.

The move saw Queensland FHOG became the highest first home owner grant in Australia.

The FHOG grant in Queensland however only applies to units less than $750,000.

The government estimates that this increase in the grant will assist around 12,000 buyers in acquiring their first homes by the time the boost expires on 30 June 2025.&nbsp;

We've looked at the best off the plan apartments in Queensland where first home buyers can secure the $30,000 FHOG.

<h2>Project: St Clair Birtinya</h2>

<h3>Price: Two-bedroom from $749,000</h3>

<h3>Developer: Habitat Development Group</h3>

<a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a> developer <a href="/developers/habitat-development-group">Habitat</a>'s recently launched St Clair in <a href="/new-apartments/birtinya-qld-4575">Birtinya</a> offers FHOG-eligible two-bedroom apartments starting at $749,900, with only limited units remaining for the 113 sqm two-bedder.&nbsp;

Designed by <a href="/architects/k-architecture">KArchitecture</a>, the $150 million development, on two side-by-side blocks on Waterfront Retreat, will comprise two eight-level residential towers with 200 two, three and four-bedroom apartments.

[smartcode_project:default project_id=108399 project_image_fid=230367]

There will be a maximum of 13 apartments on each level. Some of the large penthouse apartments will have over 50 sqm of outdoor space, while a handful of courtyard apartments will have around 90 metres of gardens.

Crowning St Clair is a communal rooftop terrace enveloped by lush subtropical landscaping with an outdoor kitchen and BBQ facilities. The rooftop deck faces Bokarina Beach towards the east, while the lounge overlooks the hinterland to the west.

A 25-metre resort-style lap pool is on the ground level, featuring a five-metre shallow wading entry adjacent to a BBQ pavilion. A residents' 16-seat dining room with a private outdoor terrace complements the pool for social gatherings.&nbsp;

[smartcode_project:default project_id=108399 project_image_fid=230359]

There's also a 1,000 sqm of exclusive resident parklands with barbecue facilities and a firepit area.&nbsp;

St Clair is in the heart of the Sunshine Coast's Health Precinct and less than a five-minute drive from Stockland Birtinya Shopping Centre and Bokarina Beach.&nbsp;

The development is under construction by <a href="/builders/habitat-construction-group">Habitat Construction Group</a>, with estimated completion in Q1 of 2026.

<h2>Project: Murcia Residences, East Brisbane</h2>

<h2>Price: One-bedroom apartments from $695,000</h2>

<h3>Developer: Sarazin</h3>

Prominent <a href="/new-apartments/woolloongabba-qld-4102">Woolloongabba</a> developer <a href="/developers/sarazin">Sarazin</a>'s <a href="/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia Residences</a> is offering one-bedroom apartments starting at $685,000, eligible for QLD's double FHOG scheme.

Located only 500m from the new Cross River Rail and 2032 Games precinct, the <a href="/architects/hal-architects">HAL Architects</a>-designed Murcia comprises 187 one, two, three and four-bedroom apartments, all designed to offer spacious and open-plan living.&nbsp;

The one-bedroom units feature large floor-to-ceiling glass windows and up to three metres of ceiling to allow plenty of natural light to flood in, combined with the generous proportions of the living spaces that extend to the balcony.

[smartcode_project:default project_id=135094 project_image_fid=241262]

The kitchens will be well-appointed with a choice of sophisticated Miele or ILVE kitchen appliances including an integrated dishwasher, oven and cooktop.

Crowning the development will be a suite of residential amenities, including an infinity pool, accompanied by private poolside cabanas and sun lounges.

Just steps away from the pool will lie the unique wellness centre, where residents can benefit from chilled and heated magnesium plunge pools, a steam room and a sauna, as well as alfresco private dining and barbecue facilities.&nbsp;

Completion of Murcia Residences is slated for March 2026.

<h2>Project: Andiamo Apartments, Hope Island</h2>

<h2>Prices: Two-bedroom apartment from $544,488</h2>

<h3>Developer: Robert Laybutt</h3>

Developer Robert Laybutt is offering some of the most affordable apartments on Hope Island at Andiamo Apartments.

They have two-bedroom apartments range between $544,488 and $700,816, before the $30,000 Government assistance.

[smartcode_project:default project_id=139743 project_image_fid=218960]

Andiamo had already been a hit with local first home buyers even before the increase in the QLD FHOG was announced.

Andiamo Apartments comprises 76 apartments centred around a resort-style pool on Broadwater Avenue.

First home buyers have also been attracted to the low body corp, just $70 a week, despite the swimming pool, barbecue area, multi-purpose room and access to lifts.

Brisbane off the plan apartments

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