Gold Coast developer Drew Group is fast approaching sell-out at its Main Beach apartment development, Lagoon Main Beach.

In the last nine months, Drew Group and sales partner Pezet Matheson have secured 31 sales totalling over $75 million, as the two-tower development advances towards completion under the expert eye of Hutchinson Builders.

“Today's buyers are more discerning than ever," Drew Group Managing Director Jon Drew says.

"It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

[smartcode_project:default project_id=108747 project_image_fid=193023]

Just over 50 per cent of recent&nbsp;sales have been to local buyers, reflecting the deep trust and connection within the Gold Coast community that Drew Group has developed over the years.

Demand has been particularly robust at the top end, with two of the three exclusive penthouses already sold, alongside five sub-penthouses. Only seven apartments remain in Lagoon's Signature Series — one&nbsp;penthouse and six sub-penthouses.

[smartcode_project:default project_id=108747 project_image_fid=284864]

Drew Group has also removed the much-maligned sunset clause from all contracts at Lagoon. The sunset clause — although rarely invoked, yet on occasion known to have been — allows developers to take back contracts on apartments should the building not be completed within the timeframe specified in the contract.

Pezet Matheson Co-Director Jayde Pezet says the fact Lagoon is&nbsp;within a year of completion, and has no sunset clause in contracts, provides certainty to buyers.

"This is paramount in the current market," Pezet says.

Drew Group has committed to providing the highest level of security inclusions — none more impressive than the Ubiquity Access Control System, a cutting-edge facial recognition technology that is one of the most state-of-the-art keyless entry systems on the market.

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One of the biggest drawcards to Lagoon has been the size of the apartments.

"It is unlikely that any future new development in Main Beach will be able to offer such spacious living at this price point," Drew says.

"Today's buyers are more discerning than ever, carefully evaluating amenities like gyms, spas, workspaces, and beach lockers, along with quality finishes. It's essential to provide something truly unique that sets a development apart, and we believe Lagoon has achieved just that."

Lagoon is set to complete construction in mid-2026.

[smartcode_project_cta:default project_id=108747]

Joel Robinson

Lagoon Main Beach approaches sell-out as local buyers drive $75m in sales

National apartment developer Abadeen has topped out its debut Gold Coast apartment project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea Palm Beach</a>.

Buyers will move into the $120 million development in early 2026, with builder Emicon now focusing its attention towards the fitout stage of the apartments.

<a href="https://www.apartments.com.au/developers/abadeen-group">Abadeen</a>’s Executive Chairman and Founder, Justin Brown, said topping out at Villea represented an exciting step forward for the company’s national growth and the delivery of a benchmark coastal development.

“Villea Palm Beach represents everything Abadeen stands for — design-led living, premium quality, and the convenience we are bringing for residents to feel part of a perfect beachside community," Brown said.

"It is a particularly special project for us, being our first with spectacular ocean views, just metres from the water and with the addition of ground-floor retail. To reach the top floor is a proud moment, and I am incredibly proud of the Abadeen and Emicon teams for the way they are bringing this project to life for future residents.”

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Pierre Saab, Director of builder <a href="https://www.apartments.com.au/builders/emicon">Emicon</a>, said topping out was an exciting milestone and the team is now focused on interiors and detailing.

“This is a fantastic milestone to reach. With the final roof pour complete, we’ve moved into the fit-out stage where the detailing will truly bring Villea to life,"&nbsp;Saab said.

"Standing on the top floor, the team was struck by the stunning 180-degree views of the ocean and all that <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> has to offer — a daily reminder of the exceptional lifestyle this project will deliver.”

[smartcode_project:default project_id=106840 project_image_fid=336441]

Nick Clydsdale, Director of SRQ, who is managing sales and marketing for Villea, said the milestone marks the next phase of the sales campaign.

“With construction now at its highest point, we are excited to kick start the next phase of the campaign off the back of strong sales momentum driven by the local market,"&nbsp;Clydsdale said.

"Villea is a prized offering in the popular suburb of Palm Beach— ideally suited to owner-occupiers and downsizers seeking a convenient and beautiful coastal lifestyle. At the same time, with forecasts pointing to further price growth across the Gold Coast in 2025, Villea offers investors the opportunity to enter early in the upswing cycle."

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&nbsp;

Designed by acclaimed architects <a href="https://www.apartments.com.au/architects/bda-architecture">BDA</a>, Villea comprises 69 two- and three-bedroom residences with light-filled layouts, premium finishes including timber flooring, Fisher &amp; Paykel appliances, and high-performance glazing to maximise comfort.

Many residences capture ocean views, while all benefiting from generous open plan designs and access to shared amenities like a&nbsp;pool, gym, barbecue facilities, and outdoor entertaining spaces, all just 400m from the beach.

A ground floor retail leasing campaign is also underway, with Abadeen set to handpick a curated mix of tenants to enhance the experience for both residents and the wider community.

[smartcode_project_cta:default project_id=106840]

Abadeen tops out Villea Palm Beach

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has officially unveiled its vision for a landmark development in Little Bay.

The vertically integrated developer-builder is set to launch <a href="https://www.apartments.com.au/new-apartments/este-jennifer-street-little-bay-nsw-2036">ESTE</a>, a collection of low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis Architects</a>, comprising 94 apartments.

Targeted at local downsizers, upgraders, nature lovers, and golf enthusiasts, ESTE offers close proximity to Kamay-Botany Bay National Park, Little Bay Beach, and the renowned St Michael’s Golf Club — widely considered one of New South Wales’ top courses.

Many of the apartments, with interiors by Richard Stanisich, boast uninterrupted ocean views — a rare offering in Sydney.

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Residents will enjoy exclusive access to a private rooftop amenity level featuring a heated infinity pool, a fitness centre equipped with the latest TechnoGym technology, and a sauna.

Urban Property Group has taken a careful and considered approach to the design and planning stages, ensuring ESTE delivers an architecturally appropriate and sensitive addition to a suburb that rarely sees new development.

Plans were first submitted to Randwick City Council in late 2022, following concept approval from the NSW Government earlier that year.

Construction commenced in November 2024, with the project expected to top out in Q4 2025 and reach completion in Q3 2026.&nbsp;

Urban was one of the first developers in New South Wales to adopt the sought-after 10-year <a href="https://www.apartments.com.au/news/resilience-latent-defects-insurance">Latent Defects Insurance policy from Resilience Insurance</a>. The policy — that can only be taken out by developers or builders and not by individual apartment buyers — covers any structural or waterproofing defects for a full 10 years post-completion, providing buyers with the most comprehensive protection available when purchasing off the plan.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/what-is-latent-defects-insurance-and-is-it-bringing-confidence-to-the-off-the-plan-apartment-market">What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?</a>

SRM Residential will be launching ESTE in the coming months.

[smartcode_project_cta:default project_id=112343]

Urban Property Group unveils ESTE Little Bay apartments

For the first time, prospective off the plan apartment buyers in Sydney's <a href="https://www.apartments.com.au/developments/homebush-nsw-2140">Homebush</a> can purchase with the confidence of a 10-year defect protection for their new apartment building.

<a href="https://www.apartments.com.au/new-apartments/bridge-road-residences-homebush-3-5-bridge-road-homebush-nsw-2140">Bridge Road Residences</a>, the latest development by <a href="https://www.apartments.com.au/developers/ventus-group">Ventus Group</a>, is the first new apartment complex in the area to offer the highly sought-after 10-year Latent Defects Insurance, provided by Resilience Insurance.

This policy, which applies to all 80 apartments in the new building on Bridge Road, covers homeowners against&nbsp;structural or design defects defects that may arise within the first 10 years after the building's completion. It can only be taken out by the developer or builder of the new development, and not by individual apartment owners.

Half of the apartments in the building have already been quickly snapped up. Buyers have been attracted by the insurance policy, along with the guarantee of a quality build, thanks to the insurance's Technical Inspection Service. This service involves third-party experts visiting the construction site at least once a month to ensure the building is being properly constructed, making defects highly unlikely.

[smartcode_project:default project_id=6989 project_image_fid=2132]

Located on Bridge Road, the development offers a mix of apartment configurations, from studios to three-bedroom apartments.

Apartments have been designed&nbsp;by MX Architects with liveability in mind, featuring open-plan layouts, engineered timber floors, wool-blend carpet in bedrooms, and either ducted or split-system air conditioning depending on configuration.&nbsp;

Many apartments also include north-facing aspects or oversized balconies, enhancing natural light and outdoor usability.

The development includes landscaped communal gardens with a central lawn, shaded seating, and barbecue areas. A rooftop terrace offers views across the city and Sydney Olympic Park. These amenities are designed to provide outdoor spaces for both relaxation and socialising, without increasing maintenance burden.

[smartcode_project:default project_id=6989 project_image_fid=2135]

Bridge Road Residences is less than 10 minutes’ walk from Homebush Station and close to major road links including the M4 and M8.&nbsp;

Residents will have immediate access to Rochester Street’s cafes, grocers, and restaurants, as well as retail and dining hubs at North Strathfield’s Bakehouse Quarter, Strathfield Plaza, and DFO Homebush.&nbsp;

The area is also well-served by schools and tertiary institutions, including Homebush Public School and the University of Sydney.

Construction is being led by <a href="https://www.apartments.com.au/builders/one-way-dc">One Way Development &amp; Construction</a>. They are expecting to complete the build in Q3 2026.

[smartcode_project_cta:default project_id=6989]

Bridge Road Residences brings 10-year defects guarantee to Homebush

<a href="https://www.apartments.com.au/developers/romano-property-group">Romano Property Group</a> has appointed AG Construct to deliver their boutique new Fitzroy apartment development, Napier 235.

Half of the apartment in the architecturally-striking block of 14 have already been snapped up.

Located just 150 metres from Brunswick Street, <a href="https://www.apartments.com.au/new-apartments/napier-235-235-napier-street-fitzroy-vic-3065">Napier 235</a> will bring a mix of two and three-bedroom residences to the tightly held inner-city neighbourhood, including a full-floor penthouse and one townhouse.

[smartcode_project:default project_id=144904 project_image_fid=3217]

Designed by <a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a> with landscaping by <a href="https://www.apartments.com.au/landscape-architect/florian-wild">Florian Wild</a>, Napier 235 presents a sculptural, low-rise form that aligns with Fitzroy’s heritage character while introducing contemporary detailing.&nbsp;

Residences are all north-facing and feature large private terraces, with living areas that connect to the outdoors via floor-to-ceiling sliding glass.

Inside, kitchens are anchored by 3.5-metre stone island benches and include walk-in pantries, Miele and Gaggenau appliances, and built-in bars with wine fridges in most apartments.&nbsp;

Customisable floor plans allow buyers to tailor internal layouts to suit their needs.

[smartcode_project:default project_id=144904 project_image_fid=3220]

Sustainability has been prioritised from the outset. Napier 235 ranks in the top five per cent of Victorian developments under current planning policy benchmarks, reflecting efficient energy use and environmentally responsible design.

Napier 235 places residents within walking distance of <a href="https://www.apartments.com.au/developments/fitzroy-vic-3065">Fitzroy</a>’s food and retail precincts, including Marion, Morning Market, and Bentwood Café. Fitzroy Gardens, Carlton Gardens, and tram connections to the CBD are also nearby. Despite its proximity to major amenity, the development sits within a quieter residential pocket.

Pricing for two-bedroom apartments at Napier 235 starts at $1,225,000.

[smartcode_project_cta:default project_id=144904]

Construction to commence at Napier 235 in Fitzroy as Romano appoints builder

Castlecrag

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The billionaire founder of Platinum Asset Management Kerr Neilson has spent $5.3 million on a waterfront reserve Castlecrag trophy home.
The mid-century modern home, with views of Middle Harbour, sold at June auction.
Blindley House was designed by architect John M Brindley in 1955 as his own residence.
New owners moved in during the 1960s and added an extension.
It was sold by the retired Sydney surgeon Frank Fisher and his wife Penelope, who had lived in the home for more than 50 years.
The six bedroom, two bathroom house sits on a 1,581 sqm block.
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Kerr Neilson buys mid century modern Brindley House in Castlecrag

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<div>
A tightly held property that fronts Sydney Harbour is on the market for the first time in 80 years.
It is being marketed by Ray White Crows Nest and Lower North Shore sales agent Chris Keane as “the most secluded property on Sydney Harbour”.
The heritage listed three bedroom house at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGYOibd6Xun2zx4tHhzJlIDs8CmWXJrUBOBNnPZiwsatQ=&amp;rh=ff004334d3569497d72c695cef41a2b0debde6d7" target="_blank">233 and 233a Edinburgh Road, Castlecrag</a> was built in 1912 out of Canadian redwood.
The north-east facing, 6500 square metre property is predominantly bushland on the edge of the harbour in Sugarloaf Bay.
<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/2018/11/12/5.%20Living%20Room.jpg" alt="" style="font-size: 12.16px;">
Vendors Terry Hey of Carlingford and his sister have decided to sell the family property.
“It would have to be the most photographed property in Middle Harbour as every boat that comes past here stops to take a photo. It’s such a great location and it’s a once in a lifetime opportunity for a lucky buyer,” Hey said.
“Our father (Alfred) bought the property at age 24 years old in 1938 and he moved back into it in the 1970s and lived there for many years before he passed away at the of age 99 years.”
“The tidal pool is adjacent with the heritage listed house and while you cannot own the tidal pool the rates with Maritime are very reasonable.
“There is nothing like this in Sydney Harbour for its bushland and isolation.
“The property has been in the family since the 1930s and in the last 40 years I have been looking after the place but it’s time for us to move on.”
<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/2018/11/12/RS18330_DJI_0009.jpg" alt="">
Keane said it was a unique opportunity for buyers.
“This property and land with both lots, totals more than 6500 square metres (approx) which is a rare commodity in Sydney and Australia for that matter with the Australian Bureau of Statistics estimating an average Aussie block size of 474 square metres,” Keane said.
“It has been in the same family for over 80 years and is one of only three homes that were positioned down on the water overlooking Sugerloaf Bay.”
“This is the only one of the three that remains privately owned. The other two properties are owned and rented out by council. This is literally a once in a lifetime opportunity said.”
</div>
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Home on Sydney Harbour listed for first time in 80 years

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Pangloss, a Castlecrag four bedroom home of both architectural and historical significance, is set for September 27 auction. 
It has been listed by Bernard Ryan and Chris Keane from Ray White Lower North Shore. 
Defined by its two symmetrical wings and natural sandstone, the design of Pangloss at<a href="https://www.realestate.com.au/property-house-nsw-castlecrag-129203662" target="_blank"> 3 The Bastion</a> is an original compilation between two of Australia's most noteworthy architects, Walter Burley Griffin and Eric Nicholls.
The home comes with the theatrical circular living room, formal dining room with Art Deco fireplace, multi-purpose TV room, kitchen with integrated Miele dishwasher, Master suite pavilion, and other three bedrooms. 
<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/2018/9/17/castlecrag%202.jpg" alt="">
Other highlights include heated saltwater pool, Tallowwood timber floors, garden water system and landscaping including vine covered turrets, lush gardens and outdoor shower.
It is within walking distance to celebrated restaurants and cosmopolitan cafes along with popular schools and express buses.
The suburb's median house price sits at $2.78 million, according to CoreLogic. 
<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/2018/9/17/castlecrag%203.jpg" alt="">
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Walter Burley Griffin and Eric Nicholls collaboration in Castlecrag set for auction

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The Bulwark is one of Castlecrag's premier addresses and is where some of the finest examples of architecture from the late Bill Lucas are located.Bill Lucas are located.
Lucas built his family home with architect wife Ruth Harvey on the bushland street in 1957.
Dubbed The Glass House, constructed out of steel and glass, the four bedroom home was the first Lucas built on The Bulwark.
It last traded for $560,000 in 1998.
A decade later he would put his name to the two neighbouring homes.
Two years ago one of the homes sold for $2,055,000, and now the home next door is up for sale.
The <a href="https://www.realestate.com.au/property-house-nsw-castlecrag-128323794" target="_blank">four bedroom family home</a> retains its Mid-century modernism, with split levels, white painted ceilings, open treat stairs, slate floors and a fish tank.
<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/2018/5/28/CRAG2.jpg" alt="">
It spans three storeys with six different levels and integrates sandstone boulders that form part of the walls in the lower levels.
Entry to the home below street level is through a semi-tropical landscaped garden, with a curved path leading to a bridge across to the front door. The 740 sqm parcel of native bush leads down to Sailors Bay.
A number of outdoor decks and balconies overlook Castle Haven Reserve.  
Modern House agent Marcus Lloyd-Jones has the listing. 
<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/2018/5/28/CRAG3.jpg" alt="">
In his early days, Lucas designed Moonbah Ski Lodge in Thredbo.
He was a part-time lecturer at the School of Architecture of the UNSW for a decade.
He and Harvey headed up the Paddington Society, which prevented the inner city suburb from comprehensive redevelopment and keep its charm and grandeur.
Worked on an off with Cracknell &amp; Lonergan Architects.
 
 
  
 
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jrobinson-rf4aSBido9

The Bulwark, Castlecrag's Bill Lucas Mid-century modern home listed

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A four-bedroom home at 7 The Scarp, Castlecrag sold at weekend auction for $3.4 million through Phillips Pantzer Donnelley.
The Alex Popov-designed residence is known still among the neighbourhood as "Jane Campion's house."
But it was offered by Axolotl co-founder Kris Torma and his partner, Suzanne Dutton.
The Oscar-winner had sold the property in 2008 for $1.65 million.
Leonard Teale, the 1970s actor known for his role in TV drama Homicide, called The Scarp property home until he died in 1994, and his wife Liz Teale sold it in 1998 for $900,000.
The price guidance was $3 million to $3.3 million.
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Alex Popov-designed Castlecrag trophy sold

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Historic Duncan House, which is quintessential Castlecrag, has been sold.
It was the last house in the suburb designed by architect Walter Burley Griffin when built in 1934 for Frank and Anice Duncan.
It features a distinctive facade of sandstone and knitlock concrete blocks. 
It has only had the three owners selling first in 1989 at $430,000.
The late Dick Crebbin, who was chairman of the Marrickville Holdings margarine manufacturing company, and his wife Joan purchased it in 1997 for $1,075,000, having sold their nearby Penhallows estate.
<a href="https://www.domain.com.au/real-estate-agent/heidi-king-820394/" target="_blank">Heidi King, of LJ Hooker Castlecrag</a> had the offering listed for recent auctions with expectations around $3 million.
King said it was the vision of the original Castlecrag where closeness to the garden and nature were integral elements of housing design.
"A rare opportunity to secure one of the 14 Burley Griffin designed homes," she said of the waterfront reserve home which has an 1989 addition at the front of the four bedroom house.
The Duncan's inspired the formation of the Walter Burley Griffin Society.
This article first appeared in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Historic Duncan House, Castlecrag, sold

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Former Macquarie Bank executive Michael Carapiet and wife Helen have listed their long-held family home in Castlecrag.
The couple have owned the five bedroom home with swimming pool and spa since paying $1,865,000 in 1998.
McGrath Northbridge agents David Howe and Harriet Halmarick have a March 4 auction guide of $5.7 million to $6.2 million.
The couple are off to Northbridge.
Michael is chair of the ASX-listed Link Group. He was a member of Macquarie Group's Executive Committee from 2005 until he retired in 2011.
The veteran investment banker headed Macquarie Capital during Macquarie's rapid growth as an investment bank. 
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Former Macquarie Bank executive lists in Castlecrag

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Dr Stanley Quek, owner of diversified real estate group Greencliff, has bought the Quadrangle Shopping Village in Castlecrag, on Sydney’s lower north shore for $25 million.
The neighbourhood shopping centre is located on the corner of busy Eastern Valley Way and Edinburgh Road.
It has been acquired from the Mok family who had held the property for over 30 years in an off-market direct yield of just under 5 percent.
Current tenants of the shopping centre include IGA, Rodney Clark and Australia Post, as well as a number of convenience retailers and food and beverage operators.
The purchase represents Greencliff’s continued diversification in the property space following Dr Quek’s retirement as CEO and chairman of Frasers Property Australia.
Dr Quek said he wanted to bring "exciting concepts" to the neighbourhood village.
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Greencliff's Stanley Quek acquires Castlecrag Shopping Village

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Optometrists Anthony and Gina Chapman-Davies have listed their waterfront Castlecrag property.
It was built by a family member in the 1960s.
Set on a 1005-square metre block and inclusive of a boatshed, jetty, slipway and pontoon, the four-bedroom house spans two floors, with living areas and a bathroom on each level.
There are DA-approved plans to rebuild.
The property is listed for September 17 auction with Heidi King of LJ Hooker Castlecrag who has $5 million hopes.
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Castlecrag offering by optometrists

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Relatively low auction numbers continue to contribute to high clearance rates.
Although the 471 auctions listed on Saturday were higher than the previous weekend’s 394, auction numbers remained seriously below the 727 auctioned on the same weekend last year.
Regional results were remarkably consistent, with all areas sharing in the booming market, Dr Andrew Wilson at Domain advised.
The upper north shore recorded the highest clearance rate at 88.9 percent and the highest sales at 48.
This was followed by the lower north at 87.5 percent, the south at 86.3 percent, the northern beaches at 84.4 percent, the central coast at 83.3 percent, the north west at 81.8 percent, the inner west at 81.1 percent, Canterbury Bankstown at 79.3 percent, the west at 78.3 percent, the south west at 77.8 percent and the city and east with a clearance rate of 77.1 percent.
Notable sales reported at the weekend included a six-bedroom home at <a href="https://www.domain.com.au/219-edinburgh-road-castlecrag-nsw-2068-2012926449">219 Edinburgh Road, Castlecrag</a> (above) sold for $3.65 million by Richardson and Wrench Castlecrag and Northbridge/Sotheby’s Realty.
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