New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

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>.

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

Brisbane off the plan apartments

Sekisui House Australia is set to welcome more than 350 new residents to its latest completed stage at its West Village masterplan, Altura.

Altura, the tallest apartment tower and the fifth to be completed in West End’s landmark $1.2 billion West Village precinct, comprises 146 apartments, which will be occupied just in time for Christmas.

The 22-level tower was designed with a&nbsp;unique neuro-architectural approach that aims to promote a feeling of wellness through design, textures and colours.

With concept design by Smart Design Studio, detailed design by nettletontribe and landscape design by RPS, Altura’s rooftop boasts a ‘Wellness Regeneration Zone’ with infinity edge pool, magnesium spa, outdoor kitchen, barbecue area and sunken fire pit for residents to rest and recharge.

&nbsp;

<img alt="Altura" data-entity-type="file" data-entity-uuid="135b3a12-f217-4a38-9218-bdb6bd4cefe2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%2010.11.22%20am.png?VersionId=wwfVvInvKIP7fepHVAtEn_aB2Qui8gR2" />Altura's rooftop: Image credit Lucas Munro

The podium ‘Lifeplace Level’ features communal areas for connectivity, including a library, cinema rooms, private dining room with kitchenette and workspace productivity pods, while 14-metre mature kauri pines line the base of the tower forming the tranquil Kauri Grove on Kauri Lane.

nettletontribe Director David Cohen said the quality of living spaces in each Altura residence was further enhanced through connections with nature.

“One of the underpinning design principles across the West Village master plan is the integration of built form with the natural environment, which has a positive flow-on effect on our health and wellbeing,” Cohen said.

“Altura embodies this principle by incorporating greenery vertically up the building, benefiting not only the residences and balcony environments, but also the surrounding buildings in the broader West Village community.

“The design of the balconies and the façade were key to delivering a quality space for each residence that achieved outlook and connection to the natural environment, including access to natural light and ventilation.”

&nbsp;

Only two residences remain available at Altura starting from $3.6 million, including the five-bedroom, four-and- half bathroom penthouse on level 22 and the four-bedroom, three-and-a-half bathroom sub-penthouse on level 21.

<img alt="Altura" data-entity-type="file" data-entity-uuid="baaee00e-1b2e-4c0c-84dd-37d72f066c69" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-30%20at%2010.12.27%20am.png?VersionId=nwB9neuZHL4jd.wNaBMoWM1XuzirPAmM" /> 
A built in fireplace on the roof: Image credit Lucas Munro

West Village Project Director Taku Hashimoto said the distinctive Altura residence reinforced the benefits of living in West Village where community, lifestyle and wellbeing were at the forefront.

“West Village provides an unparalleled setting, combining heritage, environmental connectivity, creativity, and health and wellness aspects that encourage residents and visitors to thrive,” Hashimoto said.

“It also boasts a 99 out of 100 Walk Score, enabling residents to easily access the precinct’s Harris Farm Markets, Goodlife Health Clubs, medical and beauty hubs, and the 25-plus retail and dining options.

“We are proud to deliver Altura as part of the West Village master plan and provide its soon-to-be residents with multi-sensory, luxury living and innovation, all within a vibrant community and a stone’s throw from the city."

&nbsp;

Three final buildings are to be completed at West Village, including the Allere Collection which is currently under construction and features two connected, vertical communities Uno and Duo, 90 per cent of which is already sold out with limited residences remaining across three, four and five-bedroom options.

The Allere Collection is a curated collection of 203 residences designed by Rothelowman, with a unique, pet- friendly focus integrated across both communities and shared communal spaces set to entice families, including rooftop pools, enclosed dining spaces, seating areas, a vegetable garden and an off-leash rooftop dog space, ‘Paw Pavilion’.

[smartcode_project:default project_id=114215 project_image_fid=204857]

West Village’s master developer Sekisui House Australia is proud to continue to create homes and communities that improve with time and last for generations.

With developments in Queensland and New South Wales, Sekisui House Australia’s approach to design honours its Japanese heritage, with design guided by the principle of Satoyama — connecting people through ‘ribbons of green’ to ensure communities are in harmony with their natural surroundings.

[smartcode_project_cta:default project_id=114215]

West Village Project Director Taku Hashimoto said the distinctive Altura residence reinforced the benefits of living in West Village where community, lifestyle and wellbeing were at the forefront

Sekisui to welcome residents to Altura, West Village precinct after construction completion

National apartment developer <a href="/developers/kokoda-property">Kokoda Property</a> were very strategic in their acquisition of the site for their latest Brisbane apartment development, Ruby Ruby.

Having already completed <a href="/buildings/chester-ella-penthouse-collection-14-ella-street-newstead">Chester &amp; Ella</a> and <a href="/buildings/the-ambrose-19-23-mcdougall-street-milton">The Ambrose</a> in <a href="/new-apartments/newstead-qld-4006">Newstead</a>, Kokoda stayed near the river, but ventured much closer to the city.

They snapped up a site in <a href="/developments/milton-qld-4064">Milton</a>, which has quickly garnered attention for its quirky cafe and brewery scene attracting young professionals.

[smartcode_project:default project_id=139032 project_image_fid=232285]

The Crombie Street site 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 train lines also reach as far as Springfield and Ipswich to the south and the Redcliffe Peninsula to the north.

Ruby Ruby residents won't have to head into the city however to find amenity.&nbsp;

Brisbane’s first outdoor café strip is located a stone's throw away on Park Road, with Bunker Coffee open for breakfast and Arrivederci Pizza a popular lunchtime spot.

[smartcode_project:default project_id=139032 project_image_fid=232277]&nbsp;

<a href="/developments/milton-qld-4064">Milton</a> boasts a vibrant cultural scene, with shopping and entertainment options at Rosalie Village, The Barracks at Petrie Terrace, and the Caxton Street entertainment precinct. Additionally, the lively Milton Markets are just one block away from Ruby Ruby, which will no doubt be a weekend hotspot.

Residents will be walking distance to Milton's iconic XXXX Brewery, <a href="/developments/milton-qld-4064">Milton</a> Common, Tuk Tuk Restaurant &amp; Bar, Newstead Brewery, and Brewski Bar.

Residents will be surrounded by abundant green space, bikeways and the Brisbane River, with can play sports in <a href="/developments/milton-qld-4064">Milton</a> Park and Frew Park or stroll down the river in no time. Other popular parks and playgrounds nearby are Dunmore Park, Paddington Skatepark, Roma Street Parkland, Wickham Park and E.E. McCormick Place on the waterfront.

Sport fans will also be at home with Suncorp just 750 metres away.

Families are expected to take interest in some of the larger apartments at Ruby Ruby, to be able to stay in a connected neighbourhood near good schools. <a href="/developments/milton-qld-4064">Milton</a> State School, Hubbard's School, and Brisbane Grammar School are within 600 metres of Ruby Ruby, while Queensland University of Technology is only an eight-minute drive away.

Read more:&nbsp;<a href="/news/qld/the-rise-of-milton-whats-driving-off-the-plan-apartments-buyers-to-the-inner-brisbane-suburb">The rise of Milton: What's driving off the plan apartments buyers to the inner-Brisbane suburb</a>

[smartcode_project:default project_id=139032 project_image_fid=232284]

Residents won't even have to leave Ruby Ruby however with the extensive amenity Kokoda is flooding the 21-level Cottee Parker-designed building with.

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 heath and wellness space with a gym, infrared sauna, spa, plunge pool and a yoga studio.&nbsp;

[smartcode_project:default project_id=139032 project_image_fid=232307]

<a href="/developers/kokoda-property">Kokoda</a> is also catering for the working from home trend with a number of meeting rooms on the ground level, while the podium will home a&nbsp;private dining and lounge area, a cinema room, and a billiards room.

Read more:&nbsp;<a href="/news/qld/a-rooftop-wellness-retreat-and-a-luxe-cinema-inside-the-facilities-at-kokodas-ruby-ruby-apartments-in-milton">A rooftop wellness retreat and a luxe cinema: Inside the facilities at Kokoda's Ruby Ruby apartments in Milton</a>

<a href="/developers/kokoda-property">Kokoda</a> is expected to announce a builder for Ruby Ruby before the end of the year, with construction slated to commence in early 2024 and a target completion date in late 2025.

[smartcode_project_cta:default project_id=139032]

The Crombie Street site is ideally located just behind the Milton Train Station, a three-minute train to Roma Street Station

Why prospective buyers will be excited by the location of Kokoda's latest Brisbane apartment development, Ruby Ruby

EG Funds Management are bringing over 550 apartments to the vastly undersupplied Brisbane apartment market.

They're splitting their approved Fortitude Valley building in half, vertically not horizontally, creating two towers, one with 326 build to rent apartments, the other with 225 build to sell apartments across 33 levels.

The vast 3,582 sqm block stretches across 80 McLachlan Street and 801 Ann Street, while also having street frontages to Moregan and Connor Streets. the BTR tower will face Ann Street and the BTS tower McLachlan Street.

The Town Planning Report by Urbis said&nbsp;the Rothelowman-designed proposal delivers an exemplary design outcome that offers choice and diversity for both the apartment and rental market in Brisbane.

<img alt="EG" data-entity-type="file" data-entity-uuid="f87be608-8e20-4b6b-8ad2-2a55af6b947e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.45.10%20pm.png?VersionId=frciwo0Om0LJL5Bj53P54k0S9Mz2rNQa" />

"The development provides a memorable marker to the inner-city skyline, with vertical landscaping dispersed generously and use of contrasting colour palettes between the two towers," Urbis noted in their Assessment Report.

"The materiality creates a modern residential development with subtropical components that suitably respond to the site’s context and are unique to Brisbane."

Urbis said a key aspect of the development proposal is its building height.

"The proposed concept relies upon the existing approved height of the commercial scheme and enhances the design to provide a more refined outcome for the site involving two separate towers with greater setbacks and separation as well as reduced tower site cover."

<img alt="EG Funds" data-entity-type="file" data-entity-uuid="fd17c6e1-c060-4abd-89d6-2124547dfb90" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.44.50%20pm.png?VersionId=3eG1_QsuiRkmT7uRGqkZN1Zf9iqVqlPr" />

They said significant events have occurred since the receipt of the two previous approvals, including COVID-19, population growth, and confirmation of Brisbane as the host city for the 2032 Olympics.

"These significant events have stimulated changes to policy direction for planning and development of Brisbane.

"Recent federal, national and local strategic policies are expressing a consistent direction whereby increased height and density is supported in appropriate locations, particularly to address a critical economic and community need for housing supply.

"The proposal is aligned with this emerging policy direction, as the site is a large island site with no adjoining sensitive uses and receivers and highly accessible to public transport, employment and goods and services.

"It is of an appropriate scale and density that can accommodate significant on-site population to support the day- and night-time economy of Fortitude Valley."

<img alt="EG" data-entity-type="file" data-entity-uuid="fabcd145-42f6-4c2b-947b-77f5f4eb69d3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.50.41%20pm.png?VersionId=_lLRzKvOl8DwEDn6YXUhCU2bdA.Agjwh" />The former approval, left, vs the new plans, right

Architecture firm Rothelowman said in their Urban Context Report that the towers will make a "genuine contribution to helping solve the current housing crisis that affects Brisbane and Australia as a whole."

Part of the proposal is over 1,000 sqm of retail space which activates all four street frontages and provides a day/night economy to the area.

There will be around 300 sqm of purpose built community use space operated by the Little Big Foundation,&nbsp;over 400 sqm of privately owned public space in the form of a covered colonnade, activated plaza and sub-tropical gardens, and a subtropical colonnade along Morgan St that links together two heritage buildings; The Osbourne Hotel and St Patricks Cathedral.

Rothelowman said a deliberate focus on the power of landscape is at the heart of all design strategies embedded in the project.

<img alt="EG Funds FV" data-entity-type="file" data-entity-uuid="ece0022e-f723-4520-bc83-ba976eb816ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-27%20at%203.42.59%20pm.png?VersionId=KFlCgUpGY4QaxL7fSgxruiE8QF.7NAmJ" />

"801 Ann St seeks to provide an exemplary residential project grounded in a deep understanding of place and a sincere dedication to life in the subtropics. The design seeks to reimagine urban living with a central focus on community, generosity, and connection to nature. This approach and attitude is fundamental in providing a future focused methodology to delivering much needed housing within our rapidly evolving city.," Rothelowman said.

"Crafted through a meticulous analysis of the site and its surroundings, 801 Ann aims to seamlessly engage with the existing context of Fortitude Valley whilst offering rejuvenation to one of the more intense inner-city suburbs of Brisbane. It envisions weaving a vibrant, active, and generous urban atmosphere into the Valley heart, utilizing urban gestures and deep sheltered public spaces to establish a porous and harmonious interface with the city."

Both towers feature rooftop recreation decks with a pool, spa area, sun deck, dining room and kitchen and BBQ areas, as well as further amenity on level five with a gym for each building, a wellness spa, library, and work from home spaces.

EG Funds Management has over $5.1 billion in assets under management and a $3.9 billion development pipeline across Australia. They intend to keep the BTR tower, which they will let a national operator manage.

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The Town Planning Report by Urbis said the Rothelowman-designed proposal delivers an exemplary design outcome that offers choice and diversity for both the apartment and rental market in Brisbane

EG Funds to plug Brisbane housing supply hole with build to rent and build to sell plan apartment towers in Fortitude Valley

<a href="/developers/consolidated-properties">Consolidated Properties Group</a> has completed the first stage of construction on <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a> – the largest new apartment project in Brisbane’s western suburbs.

One of the two towers in the Coronation Drive project in <a href="/developments/toowong-qld-4066">Toowong</a> is approaching a sellout, with $300 million in sales across the whole development to date.&nbsp;

<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a>, which is being delivered by Consolidated Properties Group with funding partner Qualitas, was named Brisbane’s best performing project in the latest Urbis report, with the highest number of apartments sold in the July and September quarters.

<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a> is positioned on a 1.2-hectare site on the riverfront in <a href="/developments/toowong-qld-4066">Toowong</a> and upon completion will deliver 224 apartments and penthouse residences across two buildings.

[smartcode_project:default project_id=113455 project_image_fid=211466] 
&nbsp; 
Residents will have access to a suite of facilities including a riverside pool, gym and sauna, and an expansive rooftop terrace with dining and entertainment areas.

The <a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">$450 million development</a> recently bottomed out with earthworks complete to basement level, paving the way for both towers to start coming out of the ground first half of next year.&nbsp; 
&nbsp; 
With towers River 1 and River 2 being built concurrently, it’s anticipated construction of the whole project will be complete by the end of 2025.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211467] 
&nbsp; 
<a href="/developers/consolidated-properties">Consolidated Properties Group</a> Chairman and CEO Don O’Rorke said work is ahead of schedule due to strong demand from buyers seeking larger riverfront apartments, and the capability of Hutchinson Builders.

“<a href="/new-apartments/monarch-residences-toowong-600-coronation-drive-toowong">Monarch Residences</a> is one of Brisbane’s most sought-after addresses, with Urbis data showing this project has accounted for a third of all apartment sales in the city over the past six months,” he said.

“Sales have really gained pace in the lead up to Christmas, as people look ahead to the new year and consider their property and lifestyle aspirations. 
&nbsp; 
“River 2 now has less than 10 residences remaining for sale, all of which are home-size three- bedroom floorplans, with prices starting from $1.875 million."

WATCH:&nbsp;<a href="/news/qld/why-owner-occupiers-have-embraced-consolidated-properties-groups-monarch-residences-in-toowong">Why owner-occupiers have embraced Consolidated Properties Group's Monarch Residences in Toowong</a>

O'Rorke says the development has&nbsp;been so successful because it is unique in terms of both its location on the riverfront surrounded by expansive public parkland, and its offering - with residences created by the best in the business – <a href="/architects/john-wardle-architects">Wardle</a> and <a href="/architects/cottee-parker-architects">Cottee Parker Architects</a>.&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211495] 
&nbsp; 
“As the towers start to come out of the ground, I expect interest will ramp up even further, as prospective buyers will be able to see the project taking shape.”&nbsp; 
&nbsp; 
Hutchinson Builders Chairman Scott Hutchinson said the construction site was already a hive of activity, with more workers expected to come on board as the towers stretch skyward.&nbsp; 
&nbsp; 
“We currently have a workforce of about 200 tradies on site, but this will increase to about 400 during peak construction phases,” he said.&nbsp; 
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“Most of our tradies are local to South-East Queensland, so a project like this is an exciting opportunity to be part of creating what will be a landmark community for Brisbane.”

[smartcode_project_cta:default project_id=113455]

One of the two towers in the Coronation Drive project is approaching a sellout, with $300 million in sales across the whole development to date

Hutchinson completes earthworks at Consolidated Properties' Toowong apartment development, Monarch Residences

National developer Urbex is approaching the sellout of its luxury Manly residential development, The Wellington Collection.

They've sold out each of the six apartments in the Wellington Street building, leaving just two townhomes remaining for sale. The last apartment in the building sold for $2.6 million.

Scaffolding is expecting to come down in the next few weeks, with construction slated for early next year.

[smartcode_project:default project_id=113253 project_image_fid=207573]

“Manly already has significant value in its lifestyle offering, so it was important for any project introduced into the suburb to hit the mark with trade up or down owner-occupiers from interstate, the Sunshine Coast and Brisbane,” Craig Covacich, General Manager of Urbex Realty, said.

Covacich said the slowdown in the real estate sector off the back of interest rate hikes has not mitigated the severity of an undersupplied housing market, magnified by the turbulence developers have had to navigate to deliver their projects.

"Supply chain and labour cost issues have placed many builders and developers in financial distress, some of which have collapsed, and consumers are cautious when purchasing off the plan,"&nbsp;Covacich said.

[smartcode_project:default project_id=113253 project_image_fid=207574]

Urbex has its own building division, JMac Constructions, which&nbsp;Covacich says provides a&nbsp;point of difference and grants the business a level of resilience and flexibility.

Covacich believes the townhouse model may also be a solution to the high demand given the housing supply crisis in South-East Queensland.

“With the rise in the population in Queensland and changes to what consumers want in their homes, there is a shift in what the ‘Australian dream’ home looks like. In the past, this was a large block, four-bedroom house and a big backyard. Many are opting for building upwards, rather than outwards, and cutting out the fourth bedroom and investing those saved funds into shaping the urban space and amenities within the dwelling."

The Wellington Collection’s remaining two townhomes span over 460 sqm internally and have three bedrooms, a multi-purpose room, three car spaces, a workshop, an internal lift, and a private plunge pool.

[smartcode_project_cta:default project_id=113253]

Scaffolding is expecting to come down in the next few weeks, with construction slated for early next year

The Wellington Collection approaches sellout as construction advances toward completion

Fresh off the back of relaunching its luxury Kangaroo Point apartment developer Skye Residences, Brisbane developer Pikos Group is preparing to re-work its other project in the in demand riverside suburb.

They've applied to redesigned their Lambert Street, Kangaroo Point project, creating a full acre of inner-city parklands in the process while also&nbsp;improving building efficiency, river views, and community amenity.

The 5,284 sqm site is now being earmarked for two 15-level towers with 214 one, two and three-bedroom apartments stretching between the&nbsp;Brisbane River and Lambert and O’Connell Streets.

<img alt="Pikos" data-entity-type="file" data-entity-uuid="e8984f43-cd5c-4787-918a-ffd0224be633" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-22%20at%201.19.22%20pm_0.png?VersionId=VpQM0NfhJ8zZ_FXzPdRvB6.DpAK1up5o" />

“After working closely for several months with key consultants, Brisbane City Council, and builder partners to understand delivery costs and timeframes for the current development, we have decided to progress a redesign of the project,” Pikos Group Managing Director Pedro Pikos said.

“Pikos Group is now proposing to redevelop the site into a private riverside community-focused enclave that celebrates socially-conscious living, centred around over 4,000 sqm leisure inspired naturescape that will transcend inner urban living.

“With over an acre of terraced landscaping, it will be the largest private riverside park in Brisbane."

Pikos says the new design will&nbsp;consolidate the number of buildings from three to two, allow them to significantly open the ground plane for the delivery of greater privacy, multiple leisure activities and connectivity between the residential galleries, wider neighbourhood and the Brisbane River.

<img alt="Pikos Brisbane" data-entity-type="file" data-entity-uuid="b58187ad-ef87-4b0c-aa5f-5ed83e026f3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-22%20at%201.19.32%20pm.png?VersionId=FBlhzNmuDCVIodzHCqQVCa7n8lDzWJUn" />

The apartments will be defined by a series of soft curves echoing the Brisbane River and strong overtones of Queensland architecture. They will include a high level of luxury finishes including natural limestone kitchen benches and tiling, V-ZUG appliances, customised engineered timber floors, feature lighting and ducted air-conditioning.

More than 20 nature and leisure zones will incorporate a three-tiered aquatic leisure pool, wellness centre with infrared sauna and heated spa, outdoor lounges, meditation spaces, outdoor kitchens and dining rooms, terraced BBQ areas, outdoor gym, outdoor cinema and dog park.

The development will also include 1077sqm of private rooftop gardens, 384 resident and visitor carparks, 9 EV charging stations and 268 bicycle racks.

Pikos have also undertaken with Brisbane City Council to extend the Riverwalk at the development site to provide pedestrian river promenade connection to the city and the Docklands City Cat Ferry Terminal.

Pikos Group CEO Michelle Wooldridge said the project would redefine luxury riverfront living in Brisbane.

“Pikos Group is committed to developing world class projects in Brisbane’s most iconic locations," Wooldridge said.

"Our newest project continues the tradition, delivering an unrivalled living and leisure experience on the last undeveloped riverfront site in inner-city Brisbane."

Subject to approval, Pikos Group aims to commence construction in 2024 with an estimated completion in mid-2027. The developer is progressing discussions with several builders, with an announcement due in the coming months.

Existing buyers of the formerly named La Storia project will be offered first access to new residences prior to being released to market, with the option of a fully refunded deposit if they choose not to proceed.

The 5,284 sqm site is now being earmarked for two 15-level towers with 214 one, two and three-bedroom apartments stretching between the Brisbane River and Lambert and O’Connell Streets

First look: Pikos redesigns Kangaroo Point apartment development, creating one acre of inner-city parkland

Developments across Australia are getting greener.

In the financial year 2022-23,&nbsp;Green Star certifications increased by more than 80 per cent, the Green Building Council of Australia (GBCA) has announced.

Over 800 certifications were issued across Australia, showing sustainability is on the rise.

Jorge Chapa, Chief Impact Officer at GBCA, said the&nbsp;2022–23 financial year saw GBCA issue more than 840 Green Star certifications – the highest number since the inception of Green Star,” Chapa said.

“This year we saw an unprecedented number of certifications across a range of projects from universities to the interiors of retail stores, and from industrial precincts to sporting arenas hosting the Women’s FIFA World cup here in Australia.”

Now over 80,000 people live in Green Star rated apartment buildings, while over&nbsp;890,000 people will live or work in the 70 Green Star-certified communities, including more than 510,000 residents and 380,000 workers and students.

<img alt="Greenstar" data-entity-type="file" data-entity-uuid="13ef9712-efd0-4f4e-9f85-5cd2f77af118" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-21%20at%209.28.27%20am.png?VersionId=obKIKRQJvp3IoZmEuXlVvRZiVyf0UdvA" />

There's an upcoming release of Green Star Fitouts which will help drive&nbsp;circular, healthy, responsible and positive outcomes in commercial space, while a tailored pathway for apartment buildings within Green Star Buildings is also under development.

Chapa emphasised the importance of the relationship between Green Star, industry, and the community.

“2023 was the year of game changers, milestones, and growth for the GBCA, but also for industry who responded to the calls for a more sustainable, resilient, and healthy built environment.”

<a href="/developers/sekisui-house-australia">Sekisui House Australia's</a> West Village precinct in <a href="/new-apartments/west-end-qld-4101">West End</a> is a 6-Star Green Star Community. Their apartments feature tinted windows to reduce heat gain and energy bills, rainwater tanks to create a greywater recycling system, and a&nbsp;21kW solar PV system to generate renewable entry in the communal areas.

[smartcode_project:default project_id=114215 project_image_fid=204851]

AVJennings are pursuing a&nbsp;5-Star Green Star Community rating, as well as a 7-Star natHERS Rating, at their new <a href="/new-apartments/brunswick-west-vic-3055">Brunswick West development</a>, <a href="/buildings/harvest-square-apartments-and-townhomes">Harvest Square</a>.

The walkable community&nbsp;is fully electric, and features an 18-metre-wide green corridor with productive plantings for the enjoyment of all residents.

Over 800 certifications were issued across Australia, showing sustainability is on the rise

Apartment developments getting more sustainable: Green Building Council of Australia

ARIA Property Group has completed Trellis, one of its most sustainable Brisbane apartment developments to date.

Trellis, in South Brisbane, was sold out of all 110 apartments well before its recently completion by McNab to designs by Rothelowman.

ARIA focused its sustainable&nbsp;initiatives in four key areas: apartments, landscaping, water, and electricity.

<img alt="Trellis" data-entity-type="file" data-entity-uuid="09e45089-c17a-4b6f-8a43-a85406dc12be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-20%20at%2011.17.53%20am.png?VersionId=d6iCyJe4CXQ.s5pbQ9TycyD4OHEBP32." />

Queenslander-style balconies wrap around each apartment for natural airflow and ventilation, accentuated by generously proportioned floor plans, three-metre high ceilings, and timber flooring. Cross-flow ventilation corridors, operable architectural screen doors and double-glazed glass reduce reliance on ducted air-conditioning.

Living areas transform into seamless indoor and outdoor spaces with the flush balcony via operable glazing.&nbsp;

The distinct rooftop of the building, with its various lifestyle amenities, is crowned by a trellis-like structure from extended columns and floating beams—featuring over 4,000 plants and over ninety-four climbers ascending across the layered facade to improve biodiversity, cooling the building and reducing the heat island effect. The rooftop features a 25-metre infinity pool and hot and cold magnesium baths.

<img alt="Trellis" data-entity-type="file" data-entity-uuid="c203a647-a716-4d59-937c-b306ef3d02a8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-20%20at%2011.18.05%20am.png?VersionId=_3CoMQs_l.qHO5y4eBTstixE5.lWAMqX" />

Aria is incorporating 60,000L of rainwater tanks to capture as much rainwater as possible to irrigate planting, while they are&nbsp;also aimin to offset 100 per cent of common area electricity costs through solar panels and storing power through Tesla battery wall chargers.&nbsp;

The building will also provide a Tesla vehicle for resident use, and all parking spaces will feature infrastructure for future electric charger installation.

<img alt="Trellis" data-entity-type="file" data-entity-uuid="2b0e3383-3c9c-4c0d-bb6a-f2317a15c2db" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-20%20at%2011.17.58%20am.png?VersionId=4uD5XcYWajfF2LLx8M.44PAGbowtoXS2" />

An open-plan conservatory replaced a traditional podium. The open-plan conservatory homes a&nbsp;lead residents through a cascading water wall to the Temple of Wellness, a fully equipped fitness centre and meditation zone with weights, pilates reformers, cardiovascular equipment and meditation pods. Aria Living also offers complimentary group yoga and group personal training fortnightly.

The $60 million project, which also features a private wine bar and lounge, a resident wine cellar, and a boardroom and podcast room, sits on&nbsp;Edmondstone Street, located adjacent to Musgrave Park, one of Brisbane’s oldest and most iconic parklands.

ARIA focused its sustainable initiatives in four key areas: apartments, landscaping, water, and electricity

Staff Writer

ARIA complete Trellis, sustainable South Brisbane apartment development

The Palaszczuk Government is backing first home buyers, increasing the cap in the First Home Owner Grant scheme.

Eligible first home buyers will now be able to access $30,000 of government funding when securing their first home, double the $15,000 previously offered as part of the scheme.

The $15,000 boost will come into effect for transactions entered into on or after Monday, 20 November.

The increase means Queenslanders will have access to the equal highest First Home Owner Grant in Australia, triple the grants available in New South Wales and Victoria.

[smartcode_project:default project_id=114215 project_image_fid=210749]

It is estimated this doubling of the grant will support around 12,000 buyers to unlock their first home by 30 June 2025, when the boost is set to expire.

The Government will use funds available through the progressive Coal Royalties regime to give back to first homeowners.

Over the last three years, the Palaszczuk Government has supported more than 24,000 households into their first home through $365 million in grants.

Between 2016 and 2021, rates of home ownership in Queensland increased from 62.2 per cent to 63.5 per cent.

[smartcode_project:default project_id=108747 project_image_fid=221589]

Premier Annastacia Palaszczuk says she wants to see home owner ship rates continue to rise.

“I know how much cost of living is impacting Queenslanders, especially first home buyers,"&nbsp;Palaszczuk says.

“Our government is committed to easing these pressures by delivering the largest cost of living relief package anywhere in the nation. I want to see home ownership rates continue to rise, which is why our government is stepping up to lend a helping hand.

“The existing first home owner grant has been very successful, which is why our government is doubling the grant program - meaning eligible first home buyers will receive $30,000 cashback. I hope this puts the dream of owning a first home within reach of more Queenslanders."

[smartcode_project:default project_id=112730 project_image_fid=211248]

Treasurer of Queensland Cameron Dick says with&nbsp;evidence that there is some capacity emerging in housing construction, now is the time to get more Queenslanders into their own home.

“Queensland’s strong budget position gives us the flexibility to adapt to changing conditions like this, by reinvesting the proceeds from progressive coal royalties,"&nbsp;Dick says.

“Getting more Queenslanders into their own home is something the LNP could not do, because they would hand these progressive royalties back to coal companies, royalties that are helping to pay for this increase to the First Home Owners Grant.”

The Palaszczuk Government is investing $5 billion into social and affordable housing, which include $1.25 billion over five years for social housing supply and homelessness support.

Their $70 million Build-to-Rent Pilot Project&nbsp;has approved three developments which will deliver 1200 apartments to the rental market, including up to 490 at discounted rent.

Eligible first home buyers will now be able to access $30,000 of government funding when securing their first home, double the $15,000 previously offered as part of the scheme

Queensland's First Home Owner Grant doubles to get more first home buyers into the property market

<a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a> is the newest luxury apartment project by longtime Brisbane developer Pikos Group.

The three-building, Kangaroo Point development with just two apartments per floor has been a hit with local baby boomers since its launch a few months ago.

With everything going on at <a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a>, including the recent construction kick off, Urban CEO Mike Bird caught up with Pikos Group's CEO Michelle Wooldridge to talk about the project in depth.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/_V4d8JV7R8w?si=OcXfZxzrLb4I3-4D" title="YouTube video player" width="560"></iframe>

Wooldridge, a former director at Lendlease and also currently the Queensland Division Council Vice President at the&nbsp;Property Council of Australia, says the <a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">River Terrace site</a> speaks for itself.

"It's a beautifully designed, beautifully finished product with great amenity, but it's all about the location, it's all about the uninterrupted views, the connectivity to the city," Wooldridge says.

Read more:&nbsp;<a href="/news/qld/skye-residences-the-kangaroo-point-clifftop-location-offering-the-best-of-brisbane">Skye Residences: The Kangaroo Point clifftop location offering the best of Brisbane</a>

[smartcode_project:default project_id=90059 project_image_fid=218021]

<a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Skye Residences</a>, under construction by Tomkins Commercial, sits&nbsp;on a vast 2,300 sqm site above the Kangaroo Point cliffs. The <a href="/new-apartments/skye-residences-kangaroo-point-8-river-terrace-kangaroo-point">Conrad Gargett-designed buildings</a> will home 68 luxury apartments.&nbsp;

Residents will get exclusive access to the 1,000 sqm sky deck which will home an infinity pool and a rooftop leisure and restaurant precinct.&nbsp;

All apartments feature uninterrupted views of the Brisbane City skyline, South Bank, the Botanic Gardens and the Brisbane River.

[smartcode_project_cta:default project_id=90059]

With everything going on at Skye Residences, including the recent construction kick off, Urban CEO Mike Bird caught up with Pikos Group's CEO Michelle Wooldridge to talk about the project in depth

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