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.

Joel Robinson

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

&nbsp;

Developer GURNER™ Group has revealed $1.65 billion in residential sales nationally across the 12 months to December 2025, driven largely by the continued momentum of its Docklands wellness-focused precinct, Elysium Fields.

The sales result was generated across seven projects in Victoria and New South Wales, headlined by Elysium Fields, GURNER™’s $2.75 billion mixed-use precinct planned for Harbour Esplanade in Docklands.

The project has recorded more than $500 million in sales across the first three towers, equating to around 580 apartments sold.

The first tower, Helios, has now sold out of its 240 private residences, with GURNER™ preparing to release a premium penthouse collection comprising 15 three-bedroom penthouses in coming weeks.

[smartcode_project:default project_id=144441 project_image_fid=370975]

Elysium Fields is being developed on the long-held 20,000 sqm Docklands site at 208-226 Harbour Esplanade, which had remained undeveloped for more than two decades prior to GURNER™ taking over the project around four years ago.

Construction has now commenced across four towers ranging between 18 and 30 storeys, with Hamilton Marino and Maxcon appointed as builders.

Once complete, the precinct is expected to comprise around 1,100 residences, alongside retail, hospitality and public realm uses integrated throughout the site.

[smartcode_project:default project_id=144441 project_image_fid=370981]

Designed by Fraser &amp; Partners in collaboration with GURNER™ Design House, the project has been positioned around the developer’s broader focus on wellness-led residential living.

“We don’t sell apartments. We create a true luxury lifestyle that simply doesn’t exist elsewhere in the market today,” Founder and Executive Chairman Tim Gurner said.

“To deliver that requires an extraordinary level of detail, coordination and discipline across multiple verticals, from design and hospitality through to wellness and service.”

“We’ve always believed that living extends far beyond the physical residence. It’s about how you feel the moment you arrive, how you live day-to-day, and the ecosystem that supports that.” 
[smartcode_project:default project_id=144441 project_image_fid=370977]

The project’s design places a heavy focus on landscaping, wellness amenities and biophilic design principles.

Plans include around 3,700 sqm of landscaped gardens and open space throughout the precinct, alongside a retail and dining offering spanning approximately 5,000 sqm.

The broader public realm strategy centres around what GURNER™ describes as the “Path of Life”, an urban forest and landscaped pedestrian environment intended to connect the various buildings and wellness spaces across the precinct.

The apartments themselves will incorporate a range of wellness-focused inclusions, including purified air and water systems, circadian lighting, antimicrobial surfaces, and optional in-home wellness upgrades.

[smartcode_project:default project_id=144441 project_image_fid=370980]

Gurner said the company’s experience through its Saint Haven wellness clubs had directly informed the residential offering now being incorporated into Elysium Fields.

“We’re seeing a clear global shift toward longevity, performance and proactive health,” Gurner said.

“Our role is to deliver that in a way that feels seamless, highly private and beautifully resolved within the environments we create.”

A large component of the wellness offering is planned through the resident amenity and health facilities proposed within the precinct.

That includes plans for bathing and recovery facilities spread throughout the towers, incorporating mineral pools, saunas, steam rooms, flotation therapy, red light therapy and wellness lounges.

The developer is also seeking approvals for what it describes as a “reverse ageing medical clinic” within the precinct.

[smartcode_project:default project_id=144441 project_image_fid=370978]

According to project information released by the group, the proposed facility would include cryotherapy, IV infusion therapy, infrared and dry saunas, PEMF beds, MRIs, DEXA scans, brain scans and blood analysis services.

Within the first tower, Helios, residents will also have access to a dedicated amenity offering known as the Sky Private Club.

The upper 15 levels of the building will include private lounges, dining spaces, rooftop amenities and optional private wellness studios integrated within residences.

The Helios tower itself comprises 260 apartments ranging between 60 sqm and 300 sqm, including a collection of penthouses.

That includes a planned two-storey penthouse spanning around 600 sqm with uninterrupted bay views.

The Elysium Fields precinct is being delivered in partnership with Digital Harbour Holdings, a consortium that includes the Liberman family, which controls the development rights across the Docklands site.

[smartcode_project:default project_id=144441 project_image_fid=370979]

The sales result comes as GURNER™ continues expanding its national development pipeline beyond Victoria.

“We have a strong pipeline across Australia and are now focused on scaling into key markets including New South Wales and Queensland, while continuing to build on our Melbourne base,” Gurner said.

“We currently have more than $3 billion in the market, growing to over $5 billion by October, and expect to materially outperform last year in the 2026 calendar year.”

The result also reflects the continued strength of the upper-end apartment market in Melbourne, particularly for owner-occupier-focused product with large-scale amenity and lifestyle offerings.

[smartcode_project_cta:default project_id=144441]

Record result anchored by the Group’s “utopian” Elysium Fields precinct – defying market headwinds in Docklands.

Elysium Fields drive Gurner to $1.65 billion in apartment sales over 2025

National Australia Bank (NAB) will fund <a href="https://www.apartments.com.au/new-apartments/palmera-residences-gold-coast-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a>, a $1 billion, 52-level luxury residential tower being developed by Central Equity in one of the Gold Coast’s most tightly held coastal locations at Northcliffe.

The project, launched recently by <a href="https://www.apartments.com.au/developers/central-equity">Central Equity</a>, one of Victoria’s largest private residential developers, comes at a time when construction funding for large residential developments has become increasingly competitive as lenders tighten exposure to the sector.

Multiplex has been appointed the builder, and construction is now underway.

[smartcode_project:default project_id=108274 project_image_fid=365784]

Since its first project, Central Equity has delivered more than 85 residential developments with a combined end value exceeding $8 billion.

Palmera reflects Central Equity’s growing focus on the Gold Coast luxury apartment market and continues a relationship between Central Equity and NAB that dates back to the late 1980s, when the bank funded one of Melbourne’s earliest inner-city residential towers at a time when high-rise apartment living in the CBD was largely unproven.

“NAB’s funding of Central Equity’s $36 million CBD development in the late 1980’s to the financing of the billion-dollar tower today highlights the long-term relationship between the two organisations in delivering major residential projects” said Central Equity Founder and Chairman Eddie Kutner.

He said NAB’s early support was instrumental in helping establish the company’s development model.

“When we commenced our first residential tower in the late 1980s the concept of funding off-the-plan apartments was still largely untested in Australia,” Kutner said.

“NAB recognised the opportunity early and supported the project when others were uncertain. That relationship has now continued for more than 37 years across many developments.”

[smartcode_project:default project_id=108274 project_image_fid=365771]

Central Equity was established in 1987 when Melbourne’s CBD and Southbank precinct were still dominated by warehouses and commercial buildings. Fewer than 100 residents lived in Southbank at the time, and large-scale residential development in the inner city was not widely considered.

Recognising changing demographics and lifestyle preferences, the company began developing high-rise residential projects designed to bring permanent residents into the city centre.

Central Equity has provided accommodation for approximately 40,000 residents across Melbourne’s CBD and Southbank, while also incorporating supporting infrastructure including essential lifestyle facilities like retail spaces, childcare facilities and neighbourhood activity centres.

Central Equity has spent many years assembling the Palmera development site on the corner of Garfield Terrace and Frederick Street in Northcliffe, creating a supersite of around 3,300 sqm.

The developer said the Palmera apartment tower reflects its long-term view of the Gold Coast as a growing and increasingly diversified economy.

[smartcode_project:default project_id=108274 project_image_fid=365768]

Supported by infrastructure including the light rail network, major road upgrades expanded education, hospital and medical facilities and continued expansion at the Gold Coast Airport with more international and domestic flights.

Positioned in the tightly held Northcliffe precinct, the 52-level tower will deliver 347 apartments, targeting buyers seeking a high-end coastal lifestyle, from downsizers to interstate investors.

Designed by Marchese Partners with interiors by DBI, Palmera has been conceived as a next-generation residential offering, featuring a collection of oversized apartments, with premium three-bedroom residences offering sweeping northern views stretching from Surfers Paradise through to Burleigh Heads.

[smartcode_project_cta:default project_id=108274]

NAB funds $1 billion Surfers Paradise apartment development, Palmera

Two years after completing one of the newest developments in North Sydney, developer <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a> is turning its attention to the rapidly evolving St Leonards apartment market.

The developer, which completed AURA by Aqualand on North Sydney's Walker Street, has lodged plans for a 5,918 sqm site at <a href="https://www.apartments.com.au/new-apartments/33-37-herbert-street-st-leonards-nsw-2065">33-37 Herbert Street, St Leonards,</a> seeking approval for a pair of residential towers rising above a shared podium opposite Royal North Shore Hospital.

The proposal forms part of the broader transformation underway across the St Leonards-Crows Nest precinct, where former industrial and commercial sites are increasingly being redeveloped into high-density mixed-use projects tied to major transport infrastructure.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="2cc428cf-fe70-4cac-9cd5-264ad53af62c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.56%E2%80%AFAM.png?VersionId=otKSnHtbjAvAddOnovyXQMgcAwE6DMe1" />

According to the planning documents, the site sits “within the St Leonards–Crows Nest Strategic Centre, identified by the NSW Government as a key area for accommodating future jobs and housing across Sydney.”

The proposal has been designed by fjcstudio, formerly FJMT Studio, and is being progressed through the State Significant Development pathway due to its scale and affordable housing provision.

The scheme would comprise 413 apartments, including 46 affordable housing units, alongside retail and commercial uses fronting Herbert Street. The project would also include communal open space, landscaping, a swimming pool, gymnasium, children’s play areas and podium-level resident amenities.

Planning documents show the development would consist of a part-13, part-39 storey tower form positioned above a four-storey podium.

“The development comprises a unified podium that activates the street interface, and two setback towers to accommodate new housing supply while maintaining an appropriate human scale at ground level,” fjcstudio noted in its Design Report.

The northern and southern towers have been shaped to respond to the surrounding skyline while also limiting overshadowing impacts to nearby public open space, particularly Talus Reserve.

The design report said the differing tower heights were intended to “contribute to a varied skyline while responding to the surrounding built form context and solar access considerations.”

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="36da62dc-ff9e-41f2-a7e3-7be38373751c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.45%E2%80%AFAM_0.png?VersionId=Mo6Rp2r.XRLTzIfg_PEEpw8NepDH8UBs" />

The site sits directly opposite Royal North Shore Hospital and within walking distance of both St Leonards Station and the new Crows Nest Metro station.

While the site itself sits just outside the formal Crows Nest Transport Oriented Development boundary, the planning documents repeatedly reference its alignment with the broader TOD objectives reshaping the Lower North Shore.

“The site is located adjacent to St Leonards Station and in close proximity to Crows Nest Metro which is within the Crows Nest Transit Orientated Development Accelerated Precinct which has been identified by the NSW Government to support housing delivery,” the Design Verification Statement noted.

According to fjcstudio, the project has been designed to respond to the broader transition occurring across St Leonards, where increasing residential density is being concentrated around transport infrastructure and employment hubs.

“The broader precinct is undergoing significant change, with a mix of existing mid-rise buildings and newer high-density developments,” the report stated.

“Recent and approved projects indicate a consistent shift toward taller built form, typically organised as tower-and-podium typologies with more active ground levels.”

The proposal includes close to 6,000 sqm of retail and commercial space across the ground floor and podium levels, designed to create a more activated street edge along Herbert Street.

Aqualand’s plans would also introduce a landscaped podium shared between the two towers, with communal open space in the form of a podium rooftop designed to support resident interaction and improve urban greening outcomes. The scheme would also introduce pocket parks at the northern and southern ends of the site, including a landscaped area at the corner of Herbert and Ella streets designed to improve pedestrian amenity and soften the streetscape.

&nbsp;

The proposal is being progressed through the NSW Government’s Housing Delivery Authority pathway, which was introduced to accelerate housing supply across the state. The application was declared State Significant Development in April 2025 following an expression of interest process.

<img alt="Aqualand" data-entity-type="file" data-entity-uuid="faf6d97d-2671-454f-b85a-fe1c6a7be608" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%209.51.49%E2%80%AFAM.png?VersionId=diVd28OBVr5.YV.7prrOz.uAanwwwm7a" />

St Leonards has been particularly active with new developments in recent weeks. Developer SP Setia’s <a href="https://www.apartments.com.au/news/nsw/first-look-sp-setia-targets-st-leonards-skyline-with-40-storey-tod-tower">plans for a new 42-storey tower</a> recently went on exhibition through the same pathway, while <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">Stockland’s 52-storey tower proposal</a> was also recently unveiled.

Aside from the St Leonards project, which is expected to take around nine months to move through the approvals process ahead of a potential 2027 launch, Aqualand is also preparing to launch Boronia, a new apartment project in Roseville comprising around 111 apartments on Larkin Street.

The developer also has approvals in place for the next stage of the Barangaroo precinct, which will feature new residential, retail, hospitality and community uses, alongside a new metro entry across the five-hectare site.

More than 50 new retail destinations are planned for Central Barangaroo, alongside a 270-metre-long boulevard connecting Hickson Park to Nawi Cove. Together with Harbour Park, more than 50 per cent of the precinct will comprise public open space and parkland.

First look: Aqualand joins St Leonards apartment party

Caloundra

Karam Boutique Residential has lodged plans with the Sunshine Coast Council for a seven-storey residential apartment building.

Landing on the corner of Canberra Terrace and Arthur Street, the site spans 3,284 sqm, with the proposed built form fanning out from the podium level.

TMarshall are behind the design of the apartments, which comprise 24 three-bedroom apartments, along with two four-bedroom penthouses.

Four apartments will sit across each level, bar the top floor, with living, dining and kitchen space following an open-plan layout.

<img alt="" height="714" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_4.46.11_pm.png" width="1510" />

Each apartment extends on to an open balcony with the outer apartments benefitting from an additional balcony overlooking the resident&rsquo;s pool, which is located behind the building.

The seventh floor will home the two penthouses, each spanning 372 sqm internally, with three balconies as well as a planter box space, which cover 99 sqm collectively.

The four-bedroom penthouses mirror one another with the floorplan, each including three-bathrooms and two car spaces.

Centrally located in Caloundra, the southern gateway to the Sunshine Coast and only an hour north of Brisbane, residents&rsquo; will be perfectly positioned in one of Queensland&rsquo;s premier lifestyle destinations.

This idyllic seaside suburb is renowned for having over 30 kilometres of pristine beaches with a plethora of foreshores and an array of parklands and coastal pathways.

Residents will benefit from direct access to Pumicestone Passage, a mecca for all types of water sports as well as being just a short drive from the picturesque Sunshine Coast Hinterland and the Glass House Mountains.

Perfectly positioned close to all amenities being just minutes from public transport, 3 minutes from Caloundra Shopping Centre and the major supermarkets and retail stores, 12 minutes from the Sunshine Coast Hospital precinct, 25 minutes from the Sunshine Coast Airport and an hours drive from Brisbane and its Domestic and International Airport.

The group have a number of other projects currently in the pipeline, including Lighthouse by Karam which sits on the same road as the newly proposed development XXX

alisonwarters@gmail.com

Karam Boutique Residential lodge plans for Canberra Terrace apartments in Caloundra

The newest Sunshine Coast mixed-use development, Paloma Paloma, is not only unique for the coastal suburb of&nbsp;&nbsp;Caloundra,&nbsp;but unique for Queensland.

That&#39;s the view of&nbsp;Colliers Director Residential, Daniel Hirst, who is marketing the 11-storey apartment tower, part of the wider mini-precicnt which include a fully integrated 110-room hotel in a separate tower and a three-level podium of retail and dining.

&quot;It&#39;s a landmark development unlike anyone has seen before,&quot; Hirst told Urban.

[smartcode_project:default project_id=110945 project_image_fid=195440]

&quot;They&#39;re large apartments, designed to be lived in, and offering a high level of finishes, from limestone floors to natural stone bench tops.&quot;

Decibel Architecture has collaborated closely with award-winning landscape architecture practice LatStudios to create a building that breathes and one that is unique to Queensland.

For architectural inspiration, the group looked to the iconic headlands of Caloundra where waves crash against marbled tidal ledges of rockpools weathered by time.

Developed by CURA, Paloma Paloma&nbsp;will&nbsp;feature onsite resort-style amenities, including spaces for things like yoga and fitness, in addition to a wellness spa and resort-style swimming pool.

[smartcode_project:default project_id=110945 project_image_fid=195437]

Hirst is expecting local and interstate buyers, predominantly in their mid 40s to late 50s, who want everything in one place.

&quot;They&#39;ll be discerning buyers, maybe semi-retired, and wanting something which gives them a feeling of status and luxury when they get home.

&quot;They will want the convenience of dining underneath, and the easy access to beaches, possibly without the pretentiousness found in some other areas nearby.

[smartcode_project:default project_id=110945 project_image_fid=195441]

&quot;Residents will still have that status symbol, while also having the convenience of work from home facilities, and easy access to Brisbane.&quot;

Two of the penthouses have already sold, both to locals from Shelley Beach and Pelican Waters.

Stella Collective handled the interiors of the 74 apartments, with the materials and spaces designed to receive cooling sea breezes and encourage slow living.

[smartcode_project_cta: project_id=110945]

"It's a landmark development unlike anyone has seen before," Hirst told Urban

Paloma Paloma apartments launch at Caloundra

The longstanding Sunshine Coast developer&nbsp;Henzell Property Group&nbsp;is set to create a mixed-use development in Caloundra, which they say will be one of the most exciting launches the Sunshine Coast will see in 2021.

Henzell, who have been reshaping the Sunshine Coast over the last four decades, have acquired the Suncourt Motel,&nbsp;set on a prized, mostly vacant,&nbsp;6,175 sqm site at the entry to Caloundra.

Henzell will develop&nbsp;high-end retail and dining at street level, with modern apartments dedicated to owner-occupiers above.

The&nbsp;135 Bulcock Street site, also with a street frontage to Omrah Avenue, was a unique opportunity to create a new entry statement for central Caloundra, Henzell Property Group sales director Marcus Muir says.

&ldquo;We have had our eye on this property for some time, so what we have planned has been carefully considered,&quot; Muir says.

&quot;We feel this site, with the correct product mix, will be one of the most exciting launches that the Sunshine Coast will see in 2021.

&ldquo;This development will combine luxurious residences offering exceptional views within an entertainment precinct that will attract high end lifestyle operators locally and from across Queensland.

&ldquo;We have already commenced discussions with a number of dining and retail operators and there are many more who have yet to move to the Coast as they have been waiting for the perfect location.&rdquo;&nbsp;

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/marcus_muir_and_mclean_henzell_smaller.jpg" width="1200" /> 
Marcus Muir, left, with Henzell&nbsp;director McLean Henzell. Image supplied

Henzell Property Group plans to deliver the project in two stages, with the design taking advantage of the two-street frontage by creating an activated laneway for vehicle and pedestrian access between Bulcock Street and Omrah Avenue providing a new sidewalk boulevard restaurant precinct.

&ldquo;This will become an iconic Sunshine Coast location for residents and visitors alike providing a new streetscape that connects Bicentennial Park, north of Omrah Avenue, and south to the beachfront,&rdquo; Muir said.

&ldquo;The location offers everything that residents could want in a Sunshine Coast lifestyle with an easy stroll to some of Caloundra&rsquo;s best beaches and shopping with Bulcock Street right at your doorstep.

&ldquo;When combined with luxurious apartments offering generous floor plans and either northern orientation or sprawling ocean views, this is exactly what the market is looking for in a coastal residence.&rdquo;

The first stage of the development will comprise a boutique collection of 39 apartments over 10 levels that will boast some of the best view&rsquo;s that Caloundra has to offer.

Preliminary works have already begun at this stage ahead of Henzell Property Group releasing apartments to the market.

&ldquo;We have chosen to release the most boutique offering to the market first to cater for exceptional demand for luxury residences by owner-occupiers,&rdquo; Muir said.

&ldquo;Stage one will comprise a collection of two and three-bedroom residences along with a penthouse collection, resort style pool and tranquil pool side areas.&rdquo;

Henzell Property Group has been buoyed by the success of its latest development at Pelican Waters, with a sell-out of an exclusive release of luxury residences in the first stage of the $200 million precinct known as The Cove.

[smartcode_project:default project_id=27849 project_image_fid=151643]

All 15 homes in the Terrace Collection were snapped up for a total of $12 million, highlighting the appeal of high-end residences among-end users on the Sunshine Coast.

&ldquo;Buyers in this segment of the market are typically looking for a relaxed lifestyle close to the water and within easy reach of retail, dining and entertainment facilities,&rdquo; Muir added.

&ldquo;With this iconic new development, we are planning to add a new level of sophistication to the natural appeal that attracts so many people to the Caloundra lifestyle.&rdquo;

Henzell acquire Sunshine Coast's Suncourt Motel, plans mixed-use Caloundra development

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The Priceline Pharmacy building in the Sunshine Coast suburb of Caloundra at 66 Bullock Street has been offered to the market
The property, 100 per cent leased to Star Pharmacy Group Pty Ltd, is being offered for sale via an expressions of interest campaign.
The asset is being marketed and sold by Ray White Commercial QLD father and son duo Stephen and Elliot Kidd, in conjunction with Henzells Commercial Real Estate’s Paul Bell.
Mr Stephen Kidd said the two-level commercial building was in the heart of one of the Sunshine Coast’s most popular tourist destinations.
“A new corporate head lease from the Star Pharmacy Group over the entire building is being offered, with the ground floor retail occupied by Priceline Pharmacy and upstairs previously used as a function room,” he said.
“The current net income produces $166,340 after all deductions, including land tax.”
Mr Elliot Kidd said Star Pharmacy Group acquired and refurbished their tenancy in 2016.
“The ground floor income is underwritten by a fresh five-year corporate lease with options until 2045,” he said.
Mr Bell said the upper level comprised open-plan accommodation that was currently fitted out for an entertainment venue.
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j.ballantyne1990-6AQqhLzZaK

Priceline Pharmacy building in Sunshine Coast's Caloundra listed

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Rugby league legend Allan 'Alfie' Langer and wife Janine have sold their Sunshine Coast apartment.
They paid a savvy $865,000 for the apartment in 2016, given the three bedroom unit sold for $1.26 million when new in 2010.
They have secured a $955,000 sale, after asking offers over $949,000.
The open plan beachfront apartment has a beach-facing balcony with views across Bulcock Beach to Bribie Island.
REMAX Caloundra agent Lachlan Anderson sold the apartment.
Langar, the Rugby League hall of famer, is currently on the coaching panel at the Brisbane Broncos, as well as with the Australian national team. 
A bronze statue of Langar was revealed earlier this year outside Suncorp.
This article was first published in the Weekend Australian.
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League legend Allan Langer sells Sunshine Coast apartment

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Caloundra is ranked among Queensland’s fastest selling localities for houses, according to a recent Investar report.
The property data firm says that it takes on average 50 days for houses in Caloundra to sell.
This was followed by Bahrs Scrub at 60 days and Park Ridge at 69 days.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="97">
Suburb
</td>
<td valign="top" width="55">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="98">
Days on market
</td>
<td valign="top" width="113">
Current median price
</td>
</tr>
<tr>
<td valign="top" width="97">
Caloundra
</td>
<td valign="top" width="55">
4551
</td>
<td valign="top" width="60">
4
</td>
<td valign="top" width="98">
50
</td>
<td valign="top" width="113">
$488,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Bahrs Scrub
</td>
<td valign="top" width="55">
4207
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
60
</td>
<td valign="top" width="113">
$392,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Park Ridge
</td>
<td valign="top" width="55">
4125
</td>
<td valign="top" width="60">
4
</td>
<td valign="top" width="98">
69
</td>
<td valign="top" width="113">
$418,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Greenslopes
</td>
<td valign="top" width="55">
4120
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="98">
71
</td>
<td valign="top" width="113">
$475,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Deebing Heights
</td>
<td valign="top" width="55">
4306
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
76
</td>
<td valign="top" width="113">
$354,500
</td>
</tr>
<tr>
<td valign="top" width="97">
Ripley
</td>
<td valign="top" width="55">
4306
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
78
</td>
<td valign="top" width="113">
$353,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Wishart
</td>
<td valign="top" width="55">
4122
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
78
</td>
<td valign="top" width="113">
$599,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Thornlands
</td>
<td valign="top" width="55">
4164
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
79
</td>
<td valign="top" width="113">
$493,000
</td>
</tr>
<tr>
<td valign="top" width="97">
Caloundra West
</td>
<td valign="top" width="55">
4551
</td>
<td valign="top" width="60">
4
</td>
<td valign="top" width="98">
79
</td>
<td valign="top" width="113">
$486,500
</td>
</tr>
<tr>
<td valign="top" width="97">
Molendinar
</td>
<td valign="top" width="55">
4214
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="98">
85
</td>
<td valign="top" width="113">
$462,000
</td>
</tr>
</tbody></table>
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-caloundra-125648086" target="_blank">9 Third Avenue</a>, Caloundra (above) recently sold for $540,000 after spending 11 days on the market.
Built in 1965, the 630 square metre house last sold for $110,000 in 1999.
Another three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-caloundra-125863158" target="_blank">11 Minchinton Street</a>, Caloundra (below) recently sold for $516,000 after spending five days on the market.
Built in 1960, the 610 square metre house last sold in 2012 for $195,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/15/11%20Minchinton%20Street.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-caloundra-124119718" target="_blank">14 Orsova Terrace</a>, Caloundra (below) sold this year for $595,000 after spending nine days on the market.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/15/14%20Orsova%20Terrace.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-caloundra-124434438" target="_blank">10 Third Avenue</a>, Caloundra sold this year for $545,000 after spending two days on the market.
Built in 1970, the 630 square metre house sold for $455,000 in 2009.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/09/15/10%20Third%20Avenue.jpg" alt="">
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Caloundra ranks as fastest Queensland locality to sell houses: Investar

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Caloundra is the fastest ranked suburb in Queensland where a house will spend the least amount of time on the market, according to Investar’s latest market report.
The property investment firm states that the average time a house in Caloundra will spend is 67 days.
This is followed by Durack with 68 days and Birtinya with 69 days.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Postcode
</td>
<td valign="top" width="106">
Bedrooms
</td>
<td valign="top" width="106">
Days on market
</td>
</tr>
<tr>
<td valign="top" width="106">
Caloundra
</td>
<td valign="top" width="106">
4551
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
67
</td>
</tr>
<tr>
<td valign="top" width="106">
Durack
</td>
<td valign="top" width="106">
4077
</td>
<td valign="top" width="106">
3
</td>
<td valign="top" width="106">
68
</td>
</tr>
<tr>
<td valign="top" width="106">
Birtinya
</td>
<td valign="top" width="106">
4575
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
69
</td>
</tr>
<tr>
<td valign="top" width="106">
Algester
</td>
<td valign="top" width="106">
4115
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
73
</td>
</tr>
<tr>
<td valign="top" width="106">
South Ripley
</td>
<td valign="top" width="106">
4306
</td>
<td valign="top" width="106">
4
</td>
<td valign="top" width="106">
74
</td>
</tr>
</tbody></table>
For the median price of $481,000 in Caloundra investors are able to purchase a four bedroom home at <a href="https://www.domain.com.au/22-osprey-street-caloundra-qld-4551-2012952959" target="_blank">22 Osprey Street</a> (above) that is for sale for $460,000.
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Houses in Queensland's Caloundra spend 67 days on market on average: Investar

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Developer AVJennings has completed construction on the first stage of its new Creekwood Central precinct in Caloundra on Queensland's Sunshine Coast.
The development features 31 double story architecturally designed townhouse with a choice of five contemporary two and three bedroom floorplans, with prices starting from just $345,000.
Creekwood Central has five home designs - the Clovelly, Fraser, Iluka, Esperance and Hamilton which range up to 178 sqm and a five to six star energy rating.
All townhomes feature open plan living and dining areas, with a generous kitchen complete with European stainless steel appliances, stone benchtops and ample storage. The townhomes have been designed to be light and breezy, with large windows for cross-ventilation and supported by air-conditioning in the main living areas and master bedroom.
Rod Chadwick, AVJennings Queensland state general manager said Creekwood Central has been created in response to increasing demand from buyers for homes that offer convenience and connectivity.
"These townhomes are turn-key, so home buyers can see the quality of their new home first hand and make the move as soon as they are ready," he said.
"We also believe variety and individuality are important, so we have included a range of floorplans and a choice of two colour schemes called Sandstone and Pumice in Creekwood Central to appeal to different markets.
"I anticipate first time buyers, investors and downsizers will snap up the two bedroom, two bathroom, single garage Hamilton and Fraser townhomes, with a choice of a 'loft' design with a balcony or a traditional terrace style home with front and rear courtyards.
"Those looking for a larger abode will find the Clovelly, Iluka and Esperance designs meet their needs, with three bedrooms, two bathrooms plus powder room and a single or double garage. These designs all include outdoor entertainment areas and a dedicated study space for students or professionals needing a home office.
"These townhomes have been designed not only to suit residents but also the Creekwood lifestyle, so home buyers can take advantage of the community's proximity to the lake and beach."
For more information, <a href="https://creekwood.com.au" target="_blank">click here</a>.
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