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

Following the success of their Albion apartment development Nouveau, developer Pyco Group has launched another unique project, this one in West End.

It's another boutique development offering size and space to its future residents. Pyco sees the units more like vertical townhouses.

There are 36 apartments on offer, each with two levels and three-bedrooms,&nbsp;blending heritage-inspired architecture with greenery and sophisticated interiors.

[smartcode_project:default project_id=105965 project_image_fid=211837]

Making the most of the sub-tropical nature of Brisbane, the apartments open plan layouts will seamlessly connect to large courtyards, balconies or rooftop terraces, designed to provide a connection to the outdoors, no matter where residents are in their apartments.&nbsp;

Designed by DAH Architecture, internally the apartments will boast a rich textural palette, with a mix of hand-picked natural stone and engineered timber joinery.&nbsp;

The apartments range from 143 sqm to 216 sqm, and are priced from $1,575,000.

Larger floorplans are also on offer, spanning between 218 sqm to 272 sqm, and they start at $2,195,000. These apartments include rooftop terraces and private pools, which take in panoramic views to the city skyline.&nbsp;

[smartcode_project:default project_id=105965 project_image_fid=211838]

Landscape architects, FORM have been brought into the project to carry the leafy-nature of West End into the development, with a leafy central atrium planned for the ground floor, which will not only provide a place for residents to gather and meet, but also support cross flow ventilation and the creation of a core lightwell.&nbsp;

Located on the corner of Besant Street and Vulture Street, Atelier offers proximity and connectivity only afforded to a West End address.

The apartments are in the heart of Brisbane's premier arts and entertainment district, with South Bank less than one kilometre away, while the food and drink precinct of Boundary Street is only moments from the steps of the site.&nbsp;

[smartcode_project:default project_id=105965 project_image_fid=211841]

The Vulture Street project will replace an ageing backpacker hostel.

West End has been undergoing a huge transformation for a number of years, with the 2032 Olympic Games expected to see the redevelopment of the South Brisbane suburb continue for years to come.

Sekisui House Australia are heading toward the business end of their $1.2 billion masterplan West Village which they started in 2014.

[smartcode_project_cta:default project_id=105965]

There are 36 apartments on offer, each with two levels and three-bedrooms, blending heritage-inspired architecture with greenery and sophisticated interiors

alisonwarters@gmail.com

Pyco Group launch Atelier in West End

Gardner Vaughan Group's Estilo on the Park, in Brisbane's northern suburb of Chermside, will put residents on the fringe of 73 hectares of parklands when it's completed in mid-2024.

Two of the three towers are sold out an under construction, while the final stage of the project,&nbsp;Escencia, has a limited selection of its 50 apartments remaining.

Estilo on the Park is a rare offering in the fast-growing suburb, so close to nature set adjacent to Seventh Brigade Park while also opposite one of the largest Westfield shopping centres in the southern hemisphere.

[smartcode_project:default project_id=100682 project_image_fid=186904]

Gardner Vaughan Group have made the Kittyhawk Drive location their own, also selling out Estilo on Kittyhawk just a few doors down.

Stage one of Estilo on the Park, Lujosa, and stage two,&nbsp;Belleza, comprising 71 one and two-bedroom apartments, have already been sold, with the final and remaining stage three, Escencia, set to deliver 50 apartments, in addition to four commercial tenancies.&nbsp;

Positioned as the&nbsp;very last park side location in Chermside, Estilo on the Park offers&nbsp;a mix of floor plans over 11 levels, featuring one, two, three and four-bedroom apartments, catering to the downsizer, first home buyer, or the lifestyle upsizer market.

The amenities at Estilo on the Park are designed to provide comfort, convenience, and luxury to residents, with the development incorporating bike paths, walking trails, sporting venues, picnic areas, and one of Brisbane's best playgrounds, Kidspace, into the design.

[smartcode_project:default project_id=100682 project_image_fid=186914]

There is also undercover, secure car parking with CCTV surveillance and intercom for visitor access, providing safety and security to residents.

The apartments feature designer kitchens with European appliances and stone benchtops, zoned and ducted air conditioning, ceiling fans, floor-to-ceiling acoustic glazed windows and doors and bathrooms with imported luxury tiles and designer tapware.

Residents will have access to a rooftop terrace with indoor and outdoor dining, in addition to a number of relaxation zones, a central outdoor pool, and landscaped gardens.&nbsp;

[smartcode_project_cta:default project_id=100682]

Two of the three towers are sold out an under construction, while the final stage of the project, Escencia, has a limited selection of its 50 apartments remaining

Estilo on the Park to offer both nature and convenience in Brisbane's Chermside

Brisbane's riverside suburb of Milton is experiencing a renaissance of sorts, where the blending of its grassroots origins and mindful evolution has given birth to a vibrant community.

The thriving locale celebrates the creativity and diversity of its people while maintaining a close connection to downtown Brisbane, striking a balance between urban energy and the tranquility of the banks of the Brisbane River.

As Milton embraces its evolution, residents of 33 Manning are poised to reap the benefits of living in the thriving suburb. Nestled within the heart of Milton, this residential enclave offers a living experience that combines the charm of the area's grassroots origins with its mindful evolution.

[smartcode_project:default project_id=108736 project_image_fid=209695]

One of the greatest advantages of calling 33 Manning home is the hyper-connectivity it offers to downtown Brisbane. Situated just a stone's throw away from the CBD, residents can effortlessly access the city's amenities, employment opportunities, and cultural offerings.&nbsp;

Milton's renaissance has transformed it into a vibrant hub of creativity and innovation, and residents of 33 Manning have a front-row seat to the transformation.

The microbreweries, rum distilleries, and coffee bunkers that have become emblematic of the area's downtown vibe are just steps away, offering residents the opportunity to immerse themselves in a rich tapestry of flavours and experiences.&nbsp;

Beyond the culinary adventures, 33 Manning residents also have access to a wealth of cultural and recreational offerings. Milton's proximity to the Brisbane River invites residents to explore the scenic riverside parks and walking/cycling paths that wind their way along the water's edge. The iconic Suncorp Stadium, a world-class venue for sports and entertainment, is also just a short stroll away.

[smartcode_project:default project_id=108736 project_image_fid=209941]

Milton acts as a nexus, connecting to some of Brisbane's most well-established neighbourhoods, with 33 Manning residents in a poised position to experience it all.

To the west lies the tranquil locale of Paddington, known for its upscale boutiques, while a short drive northward brings residents to The Valley, a cosmopolitan district with a bohemian music scene and the&nbsp;sophisticated James Street precinct.

A leisurely stroll along the Brisbane River's banks leads you to South Bank, where museums, parklands, and the Queensland Conservatorium engage in a vibrant social and cultural dialogue, providing a gateway to artistic experiences and intellectual pursuits.

Crossing the river brings you to West End, a neighbourhood steeped in affluent heritage and home to a thriving Greek community, art galleries, and lush native spaces that serve as reminders of the vast tangled rainforest that once flourished here.

[smartcode_project_cta:default project_id=108736]

As Milton embraces its evolution, residents of 33 Manning are poised to reap the benefits of living in the thriving suburb

How 33 Manning embraces the renaissance of Brisbane's Milton

Luxury apartment developer GRAYA has hit another major milestone on-site at Canvas Bulimba.

A key feature of the project, the curved pre-cast concrete formwork, has been craned into place.

The curved forms give Canvas its very unique aesthetic, Graya says, softening the building's profile against the streetscape and adding some architectural flare to the suburb.

[smartcode_project:default project_id=112020 project_image_fid=198799]

Graya are forecasting completion for the end of 2023, with buyers moving in shortly after.

The development, designed by bureau^proberts, will set a new benchmark for luxury living in Brisbane's affluent river-side suburb Bulimba, which has never before seen a development with this level of architecture.

Canvas feature just 21 two, three and four-bedroom apartments, of which all but one are sold.

[smartcode_project:default project_id=112020 project_image_fid=198798]

In March, Graya set a new record for the highest price paid for a non-riverfront apartment in Bulimba.

The 185 sqm penthouse, which includes a rooftop terrace, sold for $3.5 million through project marketing agency MOTIV. It is one of three penthouses in the Love Street development and was acquired by a relative of a current Love Street resident as a secondary home in Brisbane.

Following this success, Graya released the final penthouse, which is expected to come close to topping the previous record.

[smartcode_project:default project_id=112020 project_image_fid=198801]

Carly Cottam, Founder and Chief Executive of MOTV Group, noted the strong demand from high-net-worth buyers in Brisbane's affluent inner suburbs.

"The lack of luxury properties available in the city has driven the interest."

"Graya's reputation for offering location, lifestyle, craftsmanship, and low-maintenance solutions has resonated with buyers."

The allure of Canvas extends beyond the elegant apartments themselves. Residents will have the pleasure of indulging in a range of luxurious amenities, further enhancing their living experience, including an expansive rooftop entertainment area which offers views of Newstead and the City.

The space will also include a designer pool, a heated spa, and a sauna, along with sunken lounges, barbecues, and dining areas.

Graya was founded by brothers Rob and Andrew Gray over a decade ago, who have in the last few years broadened their horizons from creating some of Brisbane's most expensive homes, and started developing boutique, multi-residential apartment projects.

[smartcode_project_cta:default project_id=112020]

A key feature of the project, the curved pre-cast concrete formwork, has been craned into place

GRAYA reach milestone at Canvas Bulimba, construction to complete end of 2023

As one of the tallest buildings in Stones Corner, Oakridge Property Group's Lumina project is set to take full advantage of its unencumbered views back to Brisbane.

The 12-level project, located above Hanlon Park, will offer gun-barrel views to the city from a number of apartments, but the best will be enjoyed from the resident rooftop.

That will feature a rooftop terrace with a resort-style pool and a number of alfresco areas, surrounded by lush landscaping.

[smartcode_project:default project_id=112745 project_image_fid=207746]

Residents will also have access to an on-site movie theatre and a resident lounge, a communal herb garden, a health club with a sauna, and a co-working space with a meeting room.

&nbsp;

The amenity doesn't stop inside Lumina, with the development strategically located in one of Brisbane's most connected address.

Residents will be within easy reach of education, health care, and transport options, in addition to&nbsp;a plethora of dining, entertainment, and leisure options.&nbsp;

There's a range of spacious one, two and three-bedroom apartments in the development designed by NMDS Architecture.

[smartcode_project:default project_id=112745 project_image_fid=207748]

Oakridge secured the Cleveland Street site of the Freemasons building in May 2021, shortly before Brisbane was announced as the hosts of the 2032 Olympics, something which Oakridge development manager Sam Clarke was handy timing.

"Maybe had we have bought the site a few months later, the land value would be considerably more given its&nbsp;location to the Olympic hub," Clarke said.

The old brick lodge, which hasn't been used for a number of years since the Freemasons moved in to the city, has been demolished.

[smartcode_project_cta:default project_id=112745]

Oakridge secured the Cleveland Street site of the Freemasons building in May 2021, shortly before Brisbane was announced as the hosts of the 2032 Olympics

Lumina, Stones Corner to capture unparalleled Brisbane skyline views

A prime inner city development site with uninterrupted views of the CBD and development approval for a 12-storey residential apartment complex has been sold.

After a competitive expressions of interest sales process, the corner site consisting of three lots, 37 Leichhardt Street as well as 8 and 10 Downing Street, was sold to ACT based Addval Developments.

Colliers Director Investment Services Nick Wedge said the property represented one of the best ‘infill’ residential development sites, in the tightly held and highly sought-after suburb of Spring Hill.

“With development approval in place for 15 luxury residential apartments over 12 levels, with the refurbishment of the existing heritage dwelling on site, this provided a great investment opportunity,” Wedge said.

“We had a lot of interest in the site due to the exceptional demand for established and new housing in Brisbane."

“Based on historical demand and likely anticipated supply, Inner Brisbane will experience a shortfall of 16,000 new apartments over the next four years," he added.

Colliers National Director Investment Services Hunter Higgins said Spring Hill was one of Brisbane’s premier inner city suburbs with unmatched locality through its connectivity to amenity including Brisbane CBD, Roma Street Parklands and Train Station and two major private hospitals and schools.

“Opportunities to develop boutique apartment or townhouse projects on the doorstep of the CBD are exceptionally rare,” Higgins said.

“This site presented an unrepeatable development opportunity, especially with market conditions continuing to improve and opportunities like this virtually non-existent."

“Both the established and new housing markets have seen exceptional demand and increased pricing across Brisbane."

“This coupled with the site-specific attributes will result in premiums being paid for the end user product,” Higgins added.

Colliers Residential Site Sales Executive James Matley said located less than one kilometre from Brisbane’s CBD this site provided a great opportunity for the purchaser.

“While it already has development approval for residential units, it is zoned as mixed-use one, allowing for a range of development outcomes," Matley said.

“The zoning provides opportunities including residential, mixed use, retirement/aged care, build to rent, student accommodation, office, a hotel or serviced accommodation, commercial, medical, retail as well as child care, all subject to council approval."

Colliers Director Investment Services Nick Wedge said the property represented one of the best ‘infill’ residential development sites, in the tightly held and highly sought-after suburb of Spring Hill

Addval Developments pay $5.1 million for Spring Hill apartment development site

Queensland's population is set to experience significant growth in the coming years, according to recent data from the Centre for Population. With expectations of a growth rate exceeding 16 percent by 2032, the spotlight is on Greater Brisbane as it emerges as the frontrunner for population expansion within the state.

The surging demand for housing across most parts of the city, coupled with the explosive population growth witnessed throughout 2021 and 2022, has laid a solid foundation for a robust property market.

Brisbane continues to outperform many other cities across the country, thanks to the prevailing undersupply of homes in the region.

And with Brisbane securing the opportunity to host the 2032 Olympic and Paralympic Games, the property market is poised for further growth and investment opportunities in the years ahead.

With the market only heating up, we've wrapped up the top inner city developments on offer that are priced under $1 million.

<h2>Allere Collection, West Village</h2>

<h2>Address: Mollison Street, West End</h2>

<h2>Developer: Sekisui House Australia</h2>

<h2>Prices from: $825,000</h2>

The Allere Collection in Sekisui House Australia's multi-award winning West End development, West Village&nbsp;

The Allere Collection is now over 75 per cent sold, and is one of the last opportunities to buy in West Village, which has formed the new focal point of the West End precinct in South Brisbane.

[smartcode_project:default project_id=114215 project_image_fid=210749]

Comprising two vertical communities, Uno and Duo, the 203-apartment The Allere Collection was released to the market off the back of the group's previous sold out building in the precinct, Altura.&nbsp;

Fronting Mollison Street, the apartments have been designed by renowned architect Rothelowman, with Uno comprising 94 residences and two levels of commercial space, and Duo, set above the West Village retail precinct, homing 109 apartments to a design which Rothelowman describe as "a bold and classic take on the quintessential Queenslander."

[smartcode_project:default project_id=114215 project_image_fid=204857]

Loacted in the Duo tower, the two-bed apartments begin from&nbsp;$825,000, set across 97 sqm with two-bathrooms and one car space,&nbsp;

Residents within the Allere Collection will have the benefit of enjoying double the amenity, with shared access to both Uno and Duo rooftops.

Crowning the Uno tower will be a pool, enclosed dining space, seating areas, a vegetable garden, conservatory, as well as ‘Paw Pavilion’ - an off leash dog space on the rooftop. Topping Duo will be a pool, heated spa, enclosed lounge room and dining space, along with outdoor barbecue facilities and sun loungers.&nbsp;

<h2>Project: 33 Manning</h2>

<h2>Address: 33 Manning Street, Milton</h2>

<h2>Developer: Goldfields Group</h2>

<h2>Prices from: $695,000</h2>

National developer Goldfields' first foray into the Brisbane off the plan apartment market has been a successful one.

Their debut project, 33 Manning in Milton, is now over 50 per cent sold having only launched earlier this year.

[smartcode_project:default project_id=108736 project_image_fid=209692]

Designed by renowned architects Rothelowman, 33 Manning pays homage to the classic Queenslander home. It offers residents the scale and function of the traditional Sunshine State home, aligned to Brisbane’s subtropical climate and transformed for contemporary high-rise living.

Goldfields CEO Lachlan Thompson said demand for 33 Manning has been strong since launch as Brisbane continues to battle undersupply and lower vacancy rates.

There are a number of two-bedroom options at 33 Manning that clock in under the $1 million mark, with prices beginning from&nbsp;$695,000. Even the two-bedroom apartments sit under the $1 million mark ($995,000), and they have a separate study space.

According to Andrew Scriven, Managing Director of Colliers Residential Queensland, the design and architecture of 33 Manning has been a key driver of interest from buyers, alongside its city-fringe location.

[smartcode_project:default project_id=108736 project_image_fid=209941]

Scriven suggested 33 Manning's two-bedroom apartments offer size and aspect, and are the best value in the inner city. He says they could yield almost five per cent for investors&nbsp;given the current rental pressures in Brisbane.

33 Manning also offers Brisbane homebuyers a rare opportunity to buy off-the-plan with a deposit of just $10,000, in conjunction with property-buying platform Coposit.

At no cost to purchasers, the free Coposit app allows buyers to secure an apartment at the current price before paying back the rest of the deposit in weekly instalments during the construction phase.

<h2>Project: Ethereal Residences</h2>

<h2>Address: 97 Swann Road, Indooroopilly</h2>

<h2>Developer: North&nbsp;</h2>

<h2>Prices from: $895,000</h2>

Coloured by an emerald green hue, Indooroopilly is one of the most naturally rich suburbs in Brisbane.

Offering residents the best of both worlds, Indooroopilly sits just 10-minutes from the city, and only seven-minutes from the foothills of Mount Coot-Tha.

[smartcode_project:default project_id=109830 project_image_fid=184163]

Brisbane-based developers North took to the amenity-rich suburb to deliver their latest residential project, in a cross-studio collaboration between the renowned Rothelowman, Carr Design and Form Landscape Architects.

The Swann Road development of just 46 apartments is aimed at the owner occupier, suiting the upsizer, downsizer, and even the first home buyer demographic.

[smartcode_project:default project_id=109830 project_image_fid=184948]

There's a range of two-bedroom apartments coming in below the $1 million club, with prices starting from&nbsp;$895,000. Each comes with two bathrooms and two car spaces, with the pricier two-bedders offering direct street access.&nbsp;

The low-rise building forms are terraced down the hillside to maximise outlook, orientation and privacy, with direct street frontage to Swann Road, Burns Street and Rennie Street.

Ethereal's Sky Terrace crowns the building, with the rooftop retreat equipped with alfresco dining amenities and a swimming pool, all set within verdant landscaping.&nbsp;

<h2>Project: Vivace Apartments</h2>

<h2>Address: 31 Tallowwood Street, Seven Hills</h2>

<h2>Developer:&nbsp;Heran Building Group</h2>

<h2>Prices from: $685,000</h2>

Seven Hills in Brisbane's inner east offers buyers both convenience to the city and an escape to nature.

It's managed to keep its quaint, suburban feel, with little to no population growth over the last decade, with just over 2,000 people calling Seven Hills home, according to the latest census data from the Australian Bureau of Statistics.

[smartcode_project:default project_id=90199 project_image_fid=205365]

There lack of population growth shows there's been little to no opportunity to buy into the already established suburb, with very little new housing options in the owner-occupier-centric market, which is why Heran Building Group's Vivace Apartments has been popular throughout it's time on the market.

Vivace offers both two and three-bedroom floorplans for under $1 million in the tightly held suburb, with the two-bedders priced from&nbsp;$685,000, while the three-bedders begin at&nbsp;$815,000. Each of the apartments feature two-bathrooms as well as two car spaces.&nbsp;

[smartcode_project:default project_id=90199 project_image_fid=205369]

Designed by Heran's internal architect, the Vivace Apartments offer a contemporary design, with a natural colour palette and timber features juxtaposed to stone.

The spacious site provides large balconies and vertical screens for privacy and shading, and contrasts with the high density solutions of the inner city.

Communal spaces are dotted around the site, including a swimming pool, barbecue facilities, a fully-equipped gym, sauna, steam room and communal lounge.

<h2>Project: Adena Residences</h2>

<h2>Address: 15 Alter Street, Wynnum West</h2>

<h2>Developer: Heran Building Group&nbsp;</h2>

<h2>Prices from: $789,000</h2>

Heran has also recently developed in another sought-after Brisbane suburb, with the group taking to Wynnum West for Adena Residences.&nbsp;

Situated in the heart of the suburb, Adena Residences enjoys a prime location just 13 kilometres from the CBD, placing residents within proximity to some of the best Brisbane has to offer.&nbsp;

[smartcode_project:default project_id=109978 project_image_fid=207522]

Adena is another on the list that offers both two and three-bedroom apartments for under $1 million. The two-bedders are priced from $694,000 with the three-bedders from&nbsp;$789,000, each with two-bathrooms and two car spaces.&nbsp;

The open-plan living areas seamlessly connect to private balconies or courtyards, allowing residents to embrace indoor-outdoor living and enjoy the beautiful surroundings.

[smartcode_project:default project_id=109978 project_image_fid=186027]

The apartments feature a range of high-quality finishes throughout, including stone benchtops, European appliances and ducted air conditioning.&nbsp;

Residents will benefit from a suite of amenities within the development, including a pool, sun lounges, a gym with 24 hour access and undercover barbecue terraces. There's also a rooftop crowning the building, complete with a garden, that takes in 360 degree views.&nbsp;

Brisbane continues to outperform many other cities across the country, thanks to the prevailing undersupply of homes in the region

The top five Brisbane off the plan apartments selling for under $1 million in May 2023

Brisbane's unit market continues to go from strength to strength.

There was hardly any downturn felt in the Queensland capital, with lack of supply and continued migration keeping prices firm while its eastern seaboard counterparts suffered near double digit losses over the last year.

Brisbane has actually seen 1.5 per cent growth over the last 12 months, according to CoreLogic. Unit values grew 0.9 per cent across April, the second best performing capital behind Sydney.

The median value of units in Brisbane is now approaching $500,000.

Colliers Director Andrew Scriven, who is handling sales at Consolidated Properties recently launched Monarch Residences in Toowong, says that in an environment of relative uncertainty, enquiry for off the plan apartment projects in Brisbane remains healthy.

[smartcode_project:default project_id=113455 project_image_fid=211496]

"By far the largest group is local owner occupiers who account for approximately 70 per cent of enquiry," Scriven said.

"This cohort consists of downsizers, rightsizers and to a lesser extent first home buyers all being attracted to different products types and locations."

Scriven added that affordability remained an issue for a large portion of the market, with&nbsp;less and less stock available in the sub $700,000 range, however there are good options available for those with larger budgets.

There's also been enquiry grow from investors, who are looking to capitalise on growing yields due to sub one per cent vacancy rates in the inner city.

[smartcode_project:default project_id=113455 project_image_fid=211498]

Developer Dibcorp has timed their Bide, Newstead apartment tower perfectly. They're able to point to an under construction project, which Keenan &amp; Co.'s Fraser Bryne says is now top of the list of questions to ask when enquiring.

"Their first question is 'is the project under construction, and if not, why?'" Byrne says.

"The second question is 'who is the development team and what have they delivered before?'".

[smartcode_project:default project_id=102309 project_image_fid=163977]

Byrne says these are completely understandable requests in the current climate.

"Buyers have access to a vast amount of information nowadays and are often well educated in buying off the plan, so they want full confidence in the project.

"I think these are completely understandable requests and in fact encourage buyers to ask these questions in their search for the right property because if they can be answered with confidence, they should feel comfortable proceeding."

[smartcode_project:default project_id=102309 project_image_fid=163974]

The Longland Street project has benefitted from the tight supply in Brisbane's inner-city, which Bryne says is driving strong buyer demand.

The last residences at Bide have just been released to the market, a collection of two and three-bedroom skyhomes.

Richard Lawrence, Founder and Managing Director at Position Property, says there's a strong imbalance between supply and demand, which isn't likely to change in the immediate future.

"We are heading into new territory in the Brisbane market with the extreme tightening of supply of new product due to more challenging construction costs," Lawrence says.

"Simultaneously, we are seeing high demand.

"Queensland’s population is growing overwhelmingly faster than every other state, with 2,201 people moving to the state each week on average in the past year.

"The majority of this growth split between interstate and international migration, as opposed to natural increase.

"Fundamentally, demand is overwhelmingly outstripping not only current supply, but the short term pipeline of supply.

"Along with this, rental vacancies are at historic lows with yields consistently exceeding the southern states, making the timing perfect for investors to enter the market.

There was hardly any downturn felt in the Queensland capital, with lack of supply and continued migration keeping prices firm while its eastern seaboard counterparts suffered near double digit losses over the last year.

City Beat May 2023: Brisbane unit markets continue growth trajectory as supply tightens

Dibcorp has launched the final release of apartments in their Newstead project, Bide, as construction continues apace.

Nestled in the heart of the suburb, the collection comprises just 12 remaining apartments, which feature two-bedroom residences and three-bedroom sky homes.&nbsp;

[smartcode_project:default project_id=102309 project_image_fid=163978]

The remaining three-bed sky homes span from 121 sqm through to 193 sqm, with two-bathrooms and two car spaces.&nbsp;

WSA and Twohill &amp; James designed Bide with the belief that the spaces we inhabit are vital to a balanced life, from the landscaping to finishes.&nbsp;

Bide represents a new way of inner-city living, complete with a range of special inclusions and an urban green space exclusive for residents to relax, unwind, and even work from home.

[smartcode_project:default project_id=102309 project_image_fid=163984]

Residents of Bide will have access to a variety of amenities, with 600 sqm of facilities spread across two levels. These amenities include BBQ facilities, private cabanas, landscaped areas, and seating throughout.

The Newstead address grants city views, while framed floor-to-ceiling windows allow plenty of natural light to spill into every aspect of the homes.

Perhaps the best aspect of Bide is its central location. Residents will be able to enjoy the convenience of having Gasworks Plaza, James Street, and Newstead River Walk all within a stroll.&nbsp;

Construction is expected to wrap up later this year, with&nbsp;LPS Group handling the build.&nbsp;

[smartcode_project_cta:default project_id=102309]

Bide represents a new way of inner-city living, complete with a range of special inclusions and an urban green space exclusive for residents to relax, unwind, and even work from home

Final collection of residences released in Dibcorp's Newstead apartment development Bide

Balmoral, one of Brisbane's most exclusive residential catchments renowned for its riverfront lifestyle, is set to welcome a new residential precinct.&nbsp;

Local developer Skyhold has had Fender Katsalidis Architects draw up plans for a medium-density development at 91 Lytton Road and 57 Andrew Street.

This site plays a key role in Brisbane’s military history and is considered a significant remnant of the United States Military presence in Brisbane during the second World War.

The project aims to transform the site, which is currently occupied by a church and carpark, into a vibrant community consisting of 181 apartments and townhouses.

<img alt="Render of the proposed Balmoral development" data-entity-type="file" data-entity-uuid="de989e27-f9d1-41fd-9bba-08b258806ecc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-19%20at%203.22.06%20pm.png?VersionId=4HkyE9ruQNZ82ZJysoEp0VIBtjfS52_S" />Render of the proposed Balmoral development. Credit: Fender Katsalidis.

"Our vision for 91 Lytton Road is to repurpose an under-utilised site into a vibrant, medium density residential precinct optimising its existing natural landscape and bringing greenery across the precinct and into the residences spread across the site." Fender Katsalidis said in their Urban Context Report.

"The proposed exterior palette reference responds creatively to subtropical, residential architecture that is local to the greater Brisbane region.

"Architectural forms have been carefully located to maximise views and solar access whilst minimising visual bulk and respecting the scale of existing and future nearby buildings."

Spanning 23,265 sqm, the site's transformation holds great promise for the neighbourhood which is currently closed off to the broader community.

The project involves the demolition of the existing church building to make way for the construction of two rows of townhouses and three medium-density residential buildings. Designed with careful consideration for the surrounding environment, the buildings feature a stepped and horizontal form that mimics the site's steep topography.&nbsp;

A mix of two and three-bedroom apartments and penthouses will be on offer, in addition to seven three-bedroom townhouses and seven four-bedroom townhouses.

The strategic positioning of the buildings takes advantage of the site's topography and maximises favourable outlooks. The arrangement allows for ample northern views, while minimising any potential overlooking onto neighbouring residential housing along Bolan Street and Thorpe Street.

To maintain the area's lush greenery and natural beauty, a deep-planting conservation area measuring approximately 7,000 sqm is proposed along the western edge of the site.

"Taking cue from the diversity of residential neighbourhoods, the proposed development consists of four distinctive approaches to facade expression that address climate attenuation, outlook and privacy to create an architectural identity that is subtropical," FK's reported continued.

"The arrangement of these facade treatments also serves to break down the scale of built mass."

<img alt="Render of the proposed Balmoral development. Credit: Fender Katsalidis." data-entity-type="file" data-entity-uuid="024d1704-deb4-47e3-ad78-a3ce0ab1939e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-19%20at%203.23.02%20pm.png?VersionId=Hl9jXTTkIow1oRmEhApUUCvDLr1MzcNB" />Render of the proposed Balmoral development. Credit: Fender Katsalidis.

Building one occupies the centre of the site and serves as the main vehicular arrival from Bolan Street, housing the porte cochere and indoor resident amenities, including a double-story lobby, co-working space and meeting rooms,&nbsp;on its ground level. This building is comprised of 37 apartments over four levels, with the residences primarily located on upper floors.&nbsp;

Residents of Building one will also have access to a dedicated function space with a 69 square meter outdoor north-facing terrace, providing breathtaking views of the river and beyond. This space can be booked for private events, offering an exclusive venue for special occasions.

Building two, comprising 62 apartments over five levels, focuses on cross ventilation and features discreet entries to courtyard apartments by the pool. These apartments benefit from sheltered areas created by deep, stepped planters.

Building three, located at the rear and elevated position of the site, is surrounded by deep planting and conservation areas, ensuring a leafy outlook for its 68 apartments over six levels.&nbsp;

Solar panels will be considered across the main apartment buildings, taking advantage of the expansive roof surface area, while energy-efficient electrical fittings and motion-activated lighting will minimise energy waste.&nbsp;

With its prime location, the development offers residents easy access to a plethora of amenities and attractions. Situated less than four kilometres from Brisbane's CBD, Balmoral provides a desirable lifestyle with its proximity to Bulimba State School, and the vibrant Oxford Street retail precinct.

The area also benefits from public transport provision, including bus lines and two major ferry terminals at Oxford Street and Apollo Road. The strategic river bend also allows for direct connectivity to the riverside suburbs of Teneriffe and Hamilton.

The apartments will also sit near to the Bulimba Barracks Masterplan to the North of the site, which proposes a mixed-use precinct with multiple buildings allowing up to 850 apartments and approximately 3300 sqm of retail floor area.

[smartcode_project_cta:default project_id=140159]

This site plays a key role in Brisbane’s military history and is considered a significant remnant of the United States Military presence in Brisbane during the second World War.

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