Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Brisbane off the plan townhouses

<a href="/developments?title=st+lucia">St Lucia</a> is set to receive an injection in architecture, with Contreras Earl putting together plans for five striking apartments near Perin Park.

A private developer, who bought 122 Gailey Road, an original post-war home on 810 sqm earlier this year for $1.78 million, is seeking to create the row of what are more like townhouses that apartments, each with three bedrooms across four levels.

In their submission to the Brisbane City Council,&nbsp;Contreras Earl said the&nbsp;site presents a great opportunity to create a landmark building that will be integrated with the natural landscape of its surroundings.

"The building design responds to multiple parameters such as orientation, context, topography, environment, user and community. The connection between the building and the site was of primary importance driving the design process."

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="ddfc30ed-2b8e-45b2-8a8b-44a91a31a24f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.43.12%20am.png?VersionId=HbEVYU8yW8b7IrN2OXPQA99B9cHU5QBN" />

They said the intent&nbsp;is to feel that the building has always been part of the site and is intended to look like a natural rock formation.

"The building achieves an interesting relationship between solidity and transparency which reinforces its directionality and the material selection of warm concrete, aluminium, stone and translucent glass mixed with the landscape layout plays also a very important role in blending the building with the natural character of its context.

"The result is a unique architectural expression that will create unique experiences for its users and the surrounding community.

"Architecture needs to inspire, give hope about the future and create a special connection with people and that’s what this building will intend to do. This new landmark building will be a new architectural asset for the urban fabric of St. Lucia and of the city of Brisbane."

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="1c16f7a2-3f86-4460-a191-37aefbb9841f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%208.43.00%20am.png?VersionId=CIfiozIODOqZRpY6Hfoci2bE35bdlldi" />

Each townhouse has a garage on the ground level, with a storage room, laundry, and a multi-purpose room.

The living, kitchen and dining sits on level one, an extends to a wide balcony. Level two homes three bedrooms, the masters with walk-in wardrobes and ensuites. The two end townhouses have a built in study nook, while the middle three have a home office room.&nbsp;

Every townhouse has a rooftop deck with a plunge pool and alfresco dining area.

<img alt="St Lucia" data-entity-type="file" data-entity-uuid="6c094a20-72b2-4a4a-acc4-f333e253b797" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-14%20at%209.04.06%20am.png?VersionId=Hvs4I.FCF29xJPR8rEALVnx0aTeZIRRe" />

"[There's] a unique rooftop terrace which will make these buildings special, the terrace gives each of the dwellings a special connection with the context where people can take advantage of the beautiful and peaceful views of the Brisbane city and Mount Coo-tha," Contreras Earl added.

Families are likely to show interest given the size and the location as the address falls into catchment for the highly sought-after Ironside State School.

St Lucia is well known for its new and off the plan developments. The most recent was <a href="/buildings/160-macquarie-160-macquarie-street-st-lucia">160 Macquarie Street</a> by <a href="/developers/qm-properties" target="">QM Properties</a>, which completed earlier this year. That was St Lucia's first riverfront residential development in more than a decade.

The 33 Rothelowman-designed apartments, built by McNab, sold out before construction completion. They were 80 per cent sold before construction even began.

Read more:&nbsp;<a href="/news/qld/construction-starts-on-160-macquarie-st-lucias-first-riverfront-apartments-in-a-decade">Construction starts on 160 Macquarie, St Lucia's first riverfront apartments in a decade</a>

In their submission to the Brisbane City Council, Contreras Earl said the site presents a great opportunity to create a landmark building that will be integrated with the natural landscape of its surroundings.

First look: Architectural apartments set for St Lucia

The Park Ridge area is poised for growth and development.

The Council envisions the area as a highly desirable place to live and work, taking advantage of its natural assets. With the recent upgrade of the Mt Lindesay Highway, Park Ridge has become a strategically positioned suburb with significant potential, despite being 30 kilometres away from the Brisbane CBD.

The Park Ridge Master Planned Area (MPA), according to the Logan City Council's vision, aims to develop as an integrated and sustainable urban community. The MPA is expected to accommodate a population of approximately 30,000 people and provide up to 8,000 jobs by 2026.

One developer tapping into the anticipate growth is Property &amp; Equity who have delivered a collection of 23 townhomes to the area.&nbsp;

[smartcode_project:default project_id=110047 project_image_fid=185736]

Wattlebrush Gardens offers a prime location that has attracted homebuyers and investors alike, situated near the entrance to the Mount Lindsay Highway.

Residents will benefit from the recent completion of the Logan Hospital expansion, a $145 million project, which has transformed the hospital into a state-of-the-art health facility, catering to the growing population in the southwest growth corridor.

Just over one kilometre away lies the Park Ridge Town Centre retail precinct, which features popular supermarkets Coles and Woolworths, as well as a range of specialty retail, food, and health stores.&nbsp;

For additional shopping needs, the Grand Plaza Shopping Centre in Brown Plains is a short seven-minute drive from Wattlebrush Gardens, offering a wide selection of stores.

[smartcode_project:default project_id=110047 project_image_fid=185739]

Educational facilities are also a hot commodity in Park Ridge, with Wattlebrush Gardens nearby to a number of schools.&nbsp;Park Ridge State High School and Park Ridge Primary are both within close proximity, as is Park Ridge Childcare and Preschool, a spacious centre situated on 2.5 acres of land.

Within a 20-minute drive, residents can reach renowned universities such as the University of Southern Queensland and Griffith University, Logan Campus, as well as the TAFE QLD Brisbane Loganlea Campus.&nbsp;

Three-bedroom townhomes are still available in Wattlebrush Gardens, with prices starting at an affordable point of&nbsp;$490,000.&nbsp;

[smartcode_project_cta:default project_id=110047]

Wattlebrush Gardens offers a prime location that has attracted homebuyers and investors alike, situated near the entrance to the Mount Lindsay Highway

Staff Writer

Wattlebrush Gardens to take advantage of Park Ridge development

Stockland has released what will be one of the final residential stages in their $590 million Stockland Newport masterplan on the Redcliffe Peninsula, north of Brisbane.

The newest stage, Lake Residences, is one of the most impressive yet. Just 15 waterfront townhouses run along the water, where future residents will have direct access to their own private marina berth.

The Lake Residences are already under construction by top tier builder McNab, who have already completed the framework and are soon to have the roofs all installed. They're targeting a completion date of mid-2024.

[smartcode_project:default project_id=107206 project_image_fid=224781]

The two and three-level townhouses have been designed by Hollindale Mainwaring Architecture.&nbsp;

The kitchen features integrated SMEG appliances, a butlers pantry and a striking curved bench. That flows to the open plan living and dining area, which connects with an alfresco terrace. Some homes have a bar with wine storage adjoining their kitchen, and a full outdoor kitchen on the alfresco terrace.

[smartcode_project:default project_id=107206 project_image_fid=224784]

The living area is cleverly positioned both to take in waterviews and take in maximum natural light, with large windows looking out to the lake and a double-storey void with skylight bringing in light from above.

There's even a plunge pool and an outdoor shower in the landscaped courtyard garden which is located privately near the access to the marina berth.

There has been interest from younger downsizers who are wanting a boatie lifestyle without the maintenance, or the cost, of a waterfront home. There's direct access from the lake to Moreton Bay.

Around 30 per cent of enquiries have come from New South Wales and Victoria, primarily due to the comparative affordability of living lakeside in Newport QLD versus the cost in Sydney and Melbourne.

[smartcode_project:default project_id=107206 project_image_fid=224783]

Stockland filled in the lake in 2018, with some&nbsp;one and a half billion litres of sea water flowed into the lake. It took three years to build&nbsp;the 14-metre deep non-tidal lake, which is the centrepiece of the $590 million masterplan.

The Lake Residences occupy one of the most exclusive pockets in the 143-hectare masterplan which Stockland acquired in 2015.

They're located next to Lakeview Park on Aqua Street, just a short walk down Lakeview Promenade to the recently opened Newport Market Place which has a number of restaurants and cafes as well as an IGA, medical centre, and beauty specialist stores.

Coming out of Lakeview Promenade and heading the other way, residents will meet the&nbsp;AFL Sports Complex and Nathan Road Wetland Reserve.

[smartcode_project_cta:default project_id=107206]

Stockland release The Lake Residences with private marina berth at Newport QLD

Brisbane unit vales continued to grow over September as supply remains incredibly tight in the Queensland capita.

CoreLogic's monthly Hedonic Home Value Index showed another surge in Brisbane unit vales over last month, a further 1.1 per cent. The rolling quarterly gains of 3.7 per cent makes the Brisbane unit market one of the best performing unit markets in the country.

The Brisbane unit median is now&nbsp;$539,169, a rise from the previous months $520,000.

CoreLogic Research Director Tim Lawless said the performance of the housing market in Brisbane reflects the underlying supply dynamic, with advertised supply levels around 40 per cent below the previous five-year average.

"The trend in advertised stock levels is a key influence on housing values," Lawless says.

"The flow of new listings has been on an upwards trajectory since early June, bucking the normal seasonal trend where new listings are typically flat to falling through winter. Over the four weeks ending September 24th, the flow of new capital city listings was 14 per cent higher than at the same time last year and 8.0 per cent above the previous five year average."

Lawless notes however that, while total&nbsp;capital city listings remain below last year and less than the five-year average, there is a clear upswing in available supply.

<h2>What's happening in the Brisbane off the plan apartment market?</h2>

The <a href="/developments/brisbane-qld">Brisbane off the plan apartment market</a> is firing on all cylinders, still driven by a lack of supply across the city.

The supply constraints was evident in Rider Levett Bucknall's 2023 Crane Index which showed the Queensland capital recorded a net loss in crane numbers over the past six months.

Pikos Group have timed the relaunch of their Kangaroo Point apartment development, Skye Residences, perfectly, at a time where there's little to no premium riverfront apartment projects.

They've secured a number of sales at the luxury two-tower, 68-apartment development on one of the best sites in the whole of Brisbane.

Pikos Group CEO Michelle Wooldridge says the response from the immediate local market has been overwhelming, with Brisbane buyers accounting for $20 million in sales over last month alone.

"Many buyers have viewed more than five residential projects and revisted Skye, realising it cannot be matched for quality of finish and its absolute riverfront location," Wooldridge says.

“People can see the tower crane in place, a full basement completed and that construction of the building is progressing and a reality. While many other projects have been put on hold, Skye is clearly progressing and this certainty has boosted demand.”

[smartcode_project:default project_id=90059 project_image_fid=218024]

Pikos recently completed the excavation of the basement on the River Terrace site, a major milestone in construction. They've appoted Tomkins Commercial to build the project, which will be complete in 2025.

Read more: <a href="/news/qld/pikos-advance-construction-at-kangaroo-point-apartment-development-skye-residences">Pikos advance construction at Kangaroo Point apartment development, Skye Residences</a>

Wooldridge says buyers were attracted to the views on offer and apartment sizes, with all luxury residences featuring uninterrupted views of the Brisbane City skyline, South Bank, the Botanic Gardens and the Brisbane River.

“We are finding that buyers require a visual demonstration of value which Skye offers in abundance including a strong recognition of, and appreciation for, generous use of natural stone throughout the residence, premium Vzug appliances and Parisi tapware, master king sized suites with upgraded built-in wardrobes, and ensuites with baths

“Our purchasers are motivated to upgrade their living environment, and at the same time, maximise a riverfront lifestyle on Brisbane’s premier dress circle, within walking distance of waterfront dining and the CBD."

[smartcode_project:default project_id=90059 project_image_fid=218025]

At the other end of the market, longstanding Brisbane developer Azure has continued its success in Brisbane's northern corridor, doubling down on what sales manager Allyce Kluger says is a niche market to be developing in.

"We're one of few developers creating design-led and amenity rich townhouses in the northern corridor," Kluger says, adding that the northern hub has "everything a buyer would need."

"The northern corridor has grown in popularity, with good schools, transport and retail. Our projects are more price pointed than a house, while families have also been attracted to a lock up and leave, low maintenance lifestyle which a house doesn't tend to offer," Kluger said.

Azure have been developing in the northern corridor for a number of years. They've already sold two thirds of their yet to be launched 76-townhouse development Willow in North Lakes, and they're soon to launch Elwood by Azure, another 68 townhouses in Mango Hill bordering a nature reserve.

They're currently construction their sold out Munro by Azure in Bundamba.

Kluger said Azure's biggest marketing tool is to point prospective buyers&nbsp;in the direction of their previously completed projects nearby to show what it would be like living in an Azure community.

"We have 25 year caretaking agreements in every community we develop to ensure we deliver on the promise and our properties remain special forever. We are also a builder developer and can therefore give buyers confidence in the final price, having a deep understanding of the true construction costs.”

Next year Azure will launch their Casuarina project at 6 Grand Parade which will have 91 "subtropical" apartments and terraces.

The Brisbane off the plan apartment market is firing on all cylinders, still driven by a lack of supply across the city

City Beat September 2023: Locals snap up off the plan projects in and out of Brisbane

Frasers Property Australia has released the final&nbsp;riverfront home in their Hamilton development Rivers Reach.

Rivers Reach comprises just&nbsp;11 ultra-luxury freehold homes in the Brisbane’s blue-chip riverside suburb. They've held the final residence back until it was completed.

Scott Ullman, General Manager Development Queensland at Frasers Property Australia, said Rivers Reach represents the final riverfront release within its 2.5-ha Hamilton Reach master-planned community.&nbsp;

“This rare collection of riverfront homes delivers an immense architectural presence right on the edge of the Brisbane River,’’ Ullman said. &nbsp;

<img alt="Rivers Reach private riverfront terrace" data-entity-type="file" data-entity-uuid="68ee83dc-f669-4a88-8e8d-21b7bf93cc98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/72%20Parkside%20Circuit%20Hamilton%20Pool.jpeg?VersionId=hlAClHD74bXcdiupSSGz9lDBc1ZgfaR1" />

“We knew we were creating something extraordinary, and this has been reflected by the high number of &nbsp;local buyers – more than 80 per cent – who understand the lifestyle of this tightly held pocket and have a &nbsp;strong connection to the river, and the city.”&nbsp;

Two of the Rivers Reach homes remained off-market until the project was completed last month, with the neighbouring three-storey home snapped up before it hit the market by a couple already residing at Hamilton Reach. They bought it through Frasers Property’s Care and Rewards program, which offers Priority Access and Repeat Purchase Rewards to existing customers.&nbsp;

Ullman said the final home within Rivers Reach embodies grand design, striking interiors and meticulous attention to detail and is priced at $4.3 million.&nbsp;

“When you step into the impressive entrance of this home you are immediately struck by the feeling of floating above the river,’’ he said. &nbsp;

“The clever design makes full use of the absolute riverfront site with the residence opening onto the river to take in the panorama. All living areas, the master bedroom and an incredible six-metre void between the levels provides unobstructed views and a complete connection to the river.’’ &nbsp;

Located at 72 Parkside Court, Hamilton, the home provides four spacious bedrooms, all with ensuites, and is set over two living levels with an additional three-car basement garage serviced by a private lift.&nbsp;&nbsp;

<img alt="Rivers Reach living area" data-entity-type="file" data-entity-uuid="b0edc6bb-747a-442e-85b4-dd5810738d82" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/72%20Parkside%20Circuit%20Hamilton%2011%20Interior.jpeg?VersionId=v1JKf9wB42j29H28kHMn3.NtiABhm1w1" />

The first level can be entered from a private riverfront terrace and flows seamlessly to lavish living areas, a &nbsp;dream chef’s kitchen with a spacious butler’s pantry, the fourth bedroom, and riverside entertaining areas with a solar-heated pool and city views.

The remaining bedrooms and stunning master suite are located on the upper level. The master suite includes a walk-in robe and ensuite with river views from a freestanding bath. &nbsp;

Luxurious features include statement lighting, Blackbutt timber flooring, premium wool carpets, floor-to-ceiling windows and doors, and a built-in gas barbecue on the riverfront terrace, which enjoys sweeping views towards the city.&nbsp;

The expansive kitchen provides natural marble features and custom cabinetry alongside a fully integrated &nbsp;Liebherr fridge and freezer, and a 195-bottle refrigerated wine cabinet. Other features include intelligent home automation, a private security system, an abundance of storage and concealed water tank.&nbsp;

<img alt="Rivers Reach expansive kitchen" data-entity-type="file" data-entity-uuid="1351c6ad-7e7a-4d41-852f-0d542be5fce8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/72%20Parkside%20Circuit%20Hamilton%20Kitchen.jpeg?VersionId=ANkCpNnuTdC1PVSbFFPAlRSHk08StGfO" />

The $37 million Rivers Reach development was designed by award-winning architecture studio bureau^proberts and constructed by leading Queensland builder McNab. &nbsp;

Liam Proberts, Creative Director of bureau^proberts, said the homes were designed to amplify their compelling waterfront position.

“Living spaces were pulled to the very edge of the floorplans to strengthen the visual and spatial connections made between the architecture and the Brisbane River,’’ he said.&nbsp;

Rivers Reach is located six kilometres from the Brisbane CBD and only moments from a popular local café, &nbsp;the CityCat Ferry stop, Eat Street markets, Portside Wharf, and Racecourse Road’s fashion and dining precinct.&nbsp;

Rivers Reach comprises just 11 ultra-luxury freehold homes in the Brisbane’s blue-chip riverside suburb

Frasers complete Rivers Reach, Hamilton development of luxury homes

Local buyers have led the race for luxury apartments and villas in the latest stage of Mirvac's racecourse-fronting community, Ascot Green. The $129 million in sales has prompted the ASX-listed developer to start taking registrations of interest for the next building.

All available apartments in Ascot Green’s third stage, Charlton House, which is under construction and anticipated for completion in mid-2024, have sold, proving the ongoing appetite for modern living in inner-Brisbane.

Buyers in the 14-level development, which will be situated directly adjacent to Eagle Farm Racecourse and at the doorstep of Ascot’s vibrant shopping and dining village, have predominately been locals looking to upgrade and downsize, along with former Brisbane residents moving back to their hometown.

[smartcode_project:default project_id=108351 project_image_fid=179497]

Mirvac General Manager Residential Queensland, Warwick Bible, said the sales result at Charlton House demonstrated the strength of the market, with the average apartment sale $1.29 million.

“Families were quick to secure the elevated three and four-bedroom villas and apartments; downsizers and empty-nesters have loved the two-bedders and first home buyers have snapped up single bedroom apartments,” he said.

“First home buyers like the affordability of the one-bedroom apartments coupled with the rooftop facilities and communal dining areas which they can use as an extension of their home for entertaining and relaxing.

“These exceptional facilities including gym, pool, barbecues, rooftop dining with panoramic views, and extensive sub-tropical landscaping are a drawcard for all buyers as they add value to their investment and their lifestyle.

“We already have a number of purchasers registering their interest for the next stage, so are encouraging anyone who is interested in finding out more to get in touch so they don’t miss out.”

[smartcode_project:default project_id=108351 project_image_fid=194813]

The team is also already fielding strong rental enquiries for Charlton House, with the building to feature onsite management.

With the first two stages of Ascot Green – Ascot House and Tulloch House - complete and sold-out, some Charlton House buyers have already experienced life at the community while visiting friends and family.

Celestine Frost purchased a three-bedroom villa in Charlton House, sparked by first hand knowledge about the benefits of living in Mirvac’s masterplanned communities.

Frost’s aunt lives in Ascot House, while her parents live in Mirvac’s Waterfront Newstead, on the Brisbane River in Newstead.

“I have known the Mirvac brand for many years through family who’ve owned in various communities, so I was confident buying in Ascot Green,” Frost said.

“I am currently living in the Waterfront Newstead precinct which confirms what I knew of Mirvac in terms of producing quality homes with generous inclusions and great facilities.

“My aunt already lives in an earlier stage of Ascot Green and spoke very favourably about the location, so it was an easy choice for me.”

[smartcode_project:default project_id=108351 project_image_fid=179498]

Another of Frost’s relatives will also move into Charlton House once it is completed in mid-2024, motivated by family recommendations.

As a single mother who works full-time, Frost was looking for a new home that was easy to maintain, while having the benefits of a large family house.

“Our villa is a good alternative between a house and an apartment,” she said.

“We have the benefit of walking directly outside to the lawn, we are close to the pool and have a separate garage with direct access to our villa.

[smartcode_project:default project_id=108351 project_image_fid=194814]

“We have all the perks without the maintenance, including a gym and entertaining area I can use for my daughter’s parties and spending time with family and friends.

“We also have two balconies that look out to the track and my aunt loves seeing the horses training in the mornings, which I know my daughter will love also.”

Charlton House is part of Brisbane Racing Club’s $1.2 billion masterplan redevelopment of Eagle Farm.

On completion, Charlton House will feature 112 one, two, three and four-bedroom apartments, including a limited collection of three and four-bedroom villas with direct access and sweeping views of the greens, or views of the city.

[smartcode_project_cta:default project_id=108351]

Mirvac General Manager Residential Queensland, Warwick Bible, said the sales result at Charlton House demonstrated the strength of the market, with the average apartment sale $1.29 million

alisonwarters@gmail.com

Mirvac prepare next Ascot Green apartment building after selling out Charlton House

Frasers Property Australia has officially unveiled its $500 million masterplanned community, The Quarry, in Keperra in Brisbane’s north-west.

The 48.7-hectare hillside precinct is transforming from the Keperra Quarry into <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">Brisbane’s most elevated community</a> featuring a mix of home and land sites, Rothelowman-designed terrace home residences, extensive placemaking, and shared resort-style amenity.

Cameron Leggatt, Executive General Manager Development, said the company has spent the past two years undertaking an extensive transformation of the landscape with a focus on placemaking and connectivity.

“This is without doubt one of the most significant urban transformations we’ve undertaken and it’s a challenge we’ve embraced wholeheartedly,” Leggatt said.

“Some of Brisbane’s most celebrated precincts have been transformed from industrial style uses into vibrant urban renewal precincts and <a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Quarry</a> is one of those chapters in that renewal.

“The site’s sculptural setting lends itself to dynamic architecture and landscaping, and we have partnered with an exceptional team of architects, place makers and landscape designers to bring our vision to life.”

Read more:&nbsp;<a href="/news/qld/first-look-exclusive-frasers-plans-revealed-for-keperra-quarry-site">First look exclusive: Frasers plans revealed for Keperra Quarry site</a>

<img alt="Frasers" data-entity-type="file" data-entity-uuid="57f041e8-431d-4273-bbb0-a55f1d4410c1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2011.59.44%20am.png?VersionId=SskubuZF5Xa2RVuAegeZd1ZvSBri694w" />

Located 9.5 kilometres north-west of the <a href="/developments/brisbane-qld">Brisbane CBD</a>, Keperra is an established suburb with pent-up demand for new housing supply due to its proximity to leading schools, healthcare, and major transport infrastructure.

<a href="/new-townhouses/the-quarry-by-frasers-property-1004-samford-road-keperra-qld-4054">The Keperra Quarry</a>, which mines granite, has operated for more than 60 years and will progressively curb operations as the development of the residential stages advance.

Scott Ullman, General Manager Queensland Development, said more than 1,000 people attended The Quarry’s community celebrations on Saturday 8 July to experience the transformation for the first time.

“In the first week since The Quarry launched, we have received more than 450 enquiries and 150 walk-ins to the onsite sales centre for the first land release of 29 home sites,” Ullman said.

“Our sales team are working through the immense volume of interest, and we look forward to providing a further update in the weeks ahead.”

Ullman said homes will be built on elevated platforms up to 170m above sea level, enabling them to capture views overlooking the D’Aguilar Range, Glasshouse Mountains, Moreton Bay and beyond.

“Residents will also enjoy access to ClubQ, the $5 million Rothelowman-designed community recreation centre complete with an entertainer's kitchen, dining room, event spaces, library and work zones,” he said.

<img alt="Frasers Quarry" data-entity-type="file" data-entity-uuid="6ffe2406-a31f-4ed2-b64d-88275c262d78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-21%20at%2011.59.39%20am_1.png?VersionId=M99urMbAQ7XK2qro5pCue2ViKD.LH.63" />

“Other ClubQ amenities include a 25m lap pool with an adjoining sun deck, two additional resort-style walk- in pools with an integrated waterfall and kids splash and play area, and a private wellness centre featuring a fully equipped gymnasium and meditation room."

Ullman said it's not a traditional subdivision.

"More than 40 per cent of the community is dedicated to existing bushland and newly curated green space and resident amenities. ClubQ is the heart, and the residents will own it.”

The landscaping surrounding ClubQ will be woven throughout the site to deliver multiple green areas with outdoor barbecues and nature play spaces, alongside more than 100,000 plants and trees in a true mission towards regeneration.

“Our passion for innovation and creating vibrant communities across Australia has been part of our history for almost 100 years,” he said.

“With this history comes a track record of delivering transformational urban renewal, from the award- winning Hamilton Reach community on the Brisbane River, to Midtown in Macquarie Park in New South Wales, also a former quarry site.”

Land prices at The Quarry start from $580,000.

Frasers has spent the past two years undertaking an extensive transformation of the landscape with a focus on placemaking and connectivity.

Frasers unveil $500 million The Quarry masterplan in Keperra

A collection of townhouses set to "deliver housing choice and contribute to housing affordability in a time of well documented supply and affordability issues" has been submitted in <a href="/developments/mcdowall-qld-4053">McDowall, north of Brisbane</a>.

There's been an application for 20 townhouses at 996 Hamilton Road, lodged by a company tied to&nbsp;Chris Hall, the managing director at local property development service company Hall Property Solutions.

The 5,368 sqm block, with a 50 metre frontage to Hamilton Road, is currently occupied by a 1946 home, which is proposed to be demolished.

The development will sit next door to the under construction townhouse development Banskia McDowall, currently being developed by Allister Lewison's Equire.

<img alt="Equire" data-entity-type="file" data-entity-uuid="eb43d9e9-a3d3-4175-9adb-fb06d40a949c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-12%20at%209.00.40%20am.png?VersionId=rHTRQ.DpxOHiU4OpHwBiHDjeX_wkDd2L" />The Banksia McDowall project by Equire. Image credit: Equire

There was a&nbsp;formal pre-lodgement meeting with Council in February. The key items addressed at the meeting included density, building height, road widening, refuse, stormwater, and biodiversity.&nbsp;

Council provided in principle support for the proposal at the meeting.

The Town Planning Report by Urban Strategies said townhouses are the predominant form of development on the southern side of Hamilton Road. The northern side of the road is predominantly&nbsp;dwelling houses in the Low Density Residential Zone. Hamilton Road is identified as an Arterial Road under the <a href="/developments/brisbane-qld">Brisbane City</a> Plan 2014.

"The development represents sensibly scaled infill development on a well-located development site in the Urban Footprint.," the Report said.

Andrew Spilar Design have put together the plans for the two and three-level townhomes, which will have either three or four bedrooms. They will take up 45 per cent of the site, with deep planting taking up over 10 per cent.

49 resident parking spaces will accompany the townhouse, in either garages or in tandem driveways.

<img alt="McDowall" data-entity-type="file" data-entity-uuid="165e2c34-0a2a-4fcb-9770-8183a530039b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-12%20at%208.44.10%20am.png?VersionId=eOHOBbxhUSCQUBtxRczLqFRObeYSvkgD" />

Part of the development is a newly created road which will connect to Ponti Street to complete the structure plan for the development.

The site is in walking distance to public transport on Becketts Rd)and local services including <a href="/developments/mcdowall-qld-4053">McDowall Village Centre</a> and McDowall Reserve.

"The residential density (approx. 37 dwellings per hectare) and mixed 2-3 storey outcome is consistent with the emerging low-medium density character and building height south of Hamilton Road, the Report noted.

"The proposal provides for a high-quality architectural outcome and the dwelling will sit within a landscaped setting."

The development will sit next door to the under construction townhouse development Banskia McDowall, currently being developed by Allister Lewison's Equire

First look: Townhouses slated for Brisbane's McDowall

Keystone Urban Developments has taken to Brisbane's north for their latest development.&nbsp;

Taking up a position in the sought after suburb of Bridgeman Downs, the group will deliver a new community with a collection of 70 townhomes.

[smartcode_project:default project_id=13461 project_image_fid=152647]

Situated between the bustling Brisbane CBD and the picturesque Sunshine Coast, Motif boasts a prime location that ensures everything residents will need is within easy reach.

Whether it's indulging in outdoor activities, dining at restaurants, shopping for essentials, or seeking entertainment options, the community provides a stone's throw proximity to a plethora of amenities.

Each townhome within Motif has been designed to meet the needs of modern living. With a choice of either four-bedrooms or three-bedroom plus multipurpose rooms, the homes offer versatility to accomodate various lifestyles.

[smartcode_project:default project_id=13461 project_image_fid=152652]

The townhomes feature European appliances, ensuring functionality and style in the kitchen. The kitchen and bathrooms boast 40 millimetre stone benchtops, while smart ducted air conditioning is installed throughout.

The ensuite bathrooms are equipped with double vanities, as well as floor-to-ceiling tiles and frameless shower screens.&nbsp;

The residences also benefit from private patios, further extending the living space in each home.&nbsp;

[smartcode_project_cta:default project_id=13461]

With a choice of either four-bedrooms or three-bedroom plus multipurpose rooms, the homes offer versatility to accomodate various lifestyles.

Brisbane off the plan townhouses

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