A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Joel Robinson

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

The City of Sydney has approved plans for <a href="https://www.apartments.com.au/developers/billbergia">Billbergia Group</a> and Metrics Credit Partners’ $3.5 billion Castlereagh Place project in the heart of the Sydney CBD

The towers will be among the tallest in <a href="https://www.apartments.com.au/developments/sydney-nsw-2000">Sydney</a>'s CBD, with more floors than any other residential tower in the city.&nbsp;

The 6,000 sqm site was acquired by the joint venture partners in 2024. It is the largest amalgamated land parcel in the Sydney CBD and comprises eight individual sites fronting Castlereagh, Pitt and Liverpool Streets.&nbsp;

<a href="https://www.apartments.com.au/new-apartments/castlereagh-place-sydney-324-348-pitt-street-sydney-nsw-2000">Castlereagh Place</a> will transform an underutilised city block into a landmark mixed-use destination, anchored by two 82-storey towers comprising 607 luxury residences above an 8-level podium housing a 209-room luxury hotel. A 1,000 square metre civic park on ground level features a curated mix of food, beverage and retail.

The plans have been refined over the past year to rebalance the residential and hotel offering, and reconfigure the retail footprint to create a stronger, more dynamic dining experience.

A three-level flagship building on the prominent corner of Pitt and Liverpool Streets will be the gateway to the Castlereagh Place lifestyle precinct. Set to become a Sydney icon, the building is capable of housing multiple hospitality venues.

“Castlereagh Place is designed to be the City's next great urban oasis - an energetic mixed-use precinct that pulses with life, day and night,"&nbsp;said Joseph Kinsella, Group Director of Billbergia.

"It will bring the vibrancy of places like Barangaroo and Darling Quarter into a more accessible, central destination at the very heart of Sydney."

Kinsella said the project will build on&nbsp;Sydney’s growing laneway culture with the City’s largest network of new activated lanes - an expanded, next-generation take on precincts like Angel Place, Palings Lane and Ash Street in Wynyard.

[smartcode_project:default project_id=134477 project_image_fid=374401]

Castlereagh Place has been designed by architects <a href="https://www.apartments.com.au/architects/fjc-studio">fjcstudio</a> in collaboration with Trias Studio, Aileen Sage and Polly Harbison Design, joint winners of an international design competition in 2018.&nbsp;

Signature design elements from the original scheme remain unchanged, while the public domain has been significantly enhanced, delivering 60 per cent more open-to-sky space.

Pedestrian access will also be enhanced through new laneways linking Pitt, Liverpool and Castlereagh Streets, drawing people into a new civic park with outdoor seating, landscaping and integrated public art.

With activated laneways supported by strong hospitality offerings, Castlereagh Place is tipped to become a vibrant new dining destination in the heart of Sydney’s CBD.

It marks the largest undertaking to date for the Billbergia and Metrics Credit Partners partnership. Together they are developing other underutilised Sydney sites into mixed-use precincts, including the $2.2 billion Concord Central and the $1.3 billion Chatswood Grand Residences.

Metrics Managing Partner and Group CEO Andrew Lockhart said Castlereagh Place is a landmark project that will redefine Sydney’s skyline.

"As the tallest residential high-rise development, the revitalised site will offer panoramic views across the CBD and surrounds. We are excited to partner with Billbergia to reinvigorate an underutilised site and create a sophisticated and contemporary mixed-use offering situated in the heart of Sydney.”

Total apartments within the towers have increased to 607 dwellings, with a focus on larger floorplans. Aligned to growing market demand, Castlereagh Place now comprises 299 three-plus-bedroom apartments, 198 two-bedroom units and 110 one-bedroom configurations.

[smartcode_project:default project_id=134477 project_image_fid=374402]

Resident amenities will include an exclusive residents club containing a gym, rooftop pool, dining rooms, co-working spaces, library, golf simulator, games room, cinema room, and access to an exclusive concierge service. There will be around 500 basement car spaces below the towers.

The development will also include a state-of-the-art wellness centre, set to feature a bathhouse with magnesium pools, hot/cold plunge pools and premium amenities.

&nbsp;

According to fjcstudio, the towers will feature distinctive yet elegant architectural design reflecting Sydney’s geometry and urban character, with a network of through-site links and intimate public spaces activating the streetscape.

"Castlereagh Place is a city-making project of significant scale and ambition," said Richard Francis-Jones, Design Director at fjcstudio.

"It will create a rich urban complex of public open spaces, landscaped gardens, and vibrant laneways. Defining these new public spaces and the important streetscape of Castlereagh Street is a sequence of fine-grained, diverse retail and hotel architecture designed in collaboration with Aileen Sage, Polly Harbison Design and Trias.

“Rising above the tree-lined, human-scale streetscape are two slender residential towers that will transform the city skyline and look towards the Harbour, Hyde Park, and the Royal Botanic Garden.”

Demolition and early construction works have commenced onsite at Castlereagh Place.

[smartcode_project_cta:default project_id=134477]

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Everton Park

The amenity offering in residential developments is always a hot topic, with many developers of late forming their own exclusive clubs within their projects.&nbsp;

The likes of resort-inspired pools, sun lounges, gyms and even teppanyaki grills are becoming standard, as more developers look to elevate homebuyers lifestyles’.&nbsp;

At Mirvac’s Ashford Residences at Everton Park in Brisbane’s inner-north, more than $2.5 million has been invested in the Ashford Club, offering a suite of residential facilities overlooking a one-hectare eco area to the Kedron Brook parkland.

Featuring a pool with a splash area for children, lounge chairs, a teppanyaki grill, fire pit, barbecue facilities, a turfed area for entertaining and a gym, the club is appealing to purchasers across the board, from first home buyers, to professionals, families and downsizers.

The ASX-listed group have notched up more than $80 million in sales since launching the Ashford Residences, with the final four homesites now officially launched to the market. &nbsp;

[smartcode_project:default project_id=28504 project_image_fid=207507]

Mirvac General Manager Residential Queensland, Warwick Bible, said buyers were embracing the Ashford Club, designed to raise the bar for luxury living in Brisbane’s inner-north.

“We’ve seen lifestyle becoming an increasing emphasis for homebuyers for some time, and this has been accelerated even further post Covid-19,” he said.

“People are looking for a home that delivers more. Many are moving from apartments where they have had access to resort amenities, and they want the same level of lifestyle in a new community.

“These facilities also create a space for residents to form a real sense of community and connection, to host family and friends and enjoy facilities like the pool, gym and teppanyaki bar without owning and maintaining them – all factors that add to their appeal.”

Registered and ready to build on, the final lots range from 405 sqm and are priced from $730,000, offering a rare opportunity to build new, just seven kilometres from the Brisbane CBD.

Jaime Andueza, who purchased a 420 sqm lot at Ashford Residences, said the extensive residents’ facilities were a significant point of difference and key factor in his decision to move to the inner-north, after living southside for two decades.

The Chief Digital Officer and his partner, Aaron, are putting the finishing touches on their new five-bedroom, three living and five-bathroom home, which they anticipate moving into by Christmas.

“The Ashford Club has an elegant design, which is a differentiator from any other development we viewed,” said Andueza.

“There’s an incredibly beautiful view to the Kedron Brook, so you can go to the pool area and absorb the nature around you. It is luxurious and privileged, considering it is so close to the city.”

Andueza said his first impression of Ashford Residences was ‘sensational’.

“I had been looking at what was available in the market and had always wanted to build. When I saw the location of the blocks of land at Ashford Residences, I immediately realised it was a great opportunity,” he said.

“Having compared it to existing homes elsewhere, I felt the value and lifestyle offered was 
significantly greater. We’re looking forward to the neighbourly atmosphere and being part of the Ashford community.”

[smartcode_project:default project_id=28504 project_image_fid=207502]

Ashford Residences have been a hit among buyers, with the most recent terrace home release selling-out to a waiting list prior to its official launch.&nbsp;

“We held the final four lots for release when they were ready to build on and buyers could see how the community had taken shape, and anticipate they will be in high demand,” Bible said.

“The opportunity to build new in this area is extremely rare and the location alongside Kedron Brook only adds to the desirability, as does the exclusive residents’ facilities in the Ashford Club.

“The proximity to Brisbane CBD and the village charm of Everton Park, home to an expanding mix of restaurants, cafes, bars and shops, is also seeing buyers zero in on the area.”

Ashford Residences will comprise a total of 124 residences upon completion in late 2023, with 80 terrace homes and 43 freestanding homes.&nbsp;

The final property, a heritage Queenslander known as Murphy’s Dairy Residence, is anticipated to launch to market early next year. Refurbishment works are underway on the historic home, which is situated on a rare 900 sqm lot that has been meticulously landscaped.

[smartcode_project_cta:default project_id=28504]

alisonwarters@gmail.com

Mirvac deliver resident’s club to entice new homebuyers to Ashford Residences 

The final release of town and terrace homes within Rogerscorp’s Fable development in Everton Park has been fast-tracked to meet demand after the success of Stage One.

Launched in April this year, Fable by Rogerscorp, has already attracted strong demand from a diverse range of buyers including upgraders, retirees and a new post-Covid buyer type, ‘family rightsizers’ seeking convenience, lifestyle and easy access to amenity within connected suburbs.

[smartcode_project:default project_id=112680 project_image_fid=196534]

Ten of the residences have already been sold to a waitlist of buyers prior to public launch.

Fable’s second and final stage comprises 26 town and terrace homes with four floorplan designs ranging from 186 sqm to 216 sqm – virtually a small lot home.&nbsp;

Many feature a double garage, study nook, butler's pantry, as well as spacious master-bedrooms with double vanity ensuites.&nbsp;

Each of the kitchens boast floor to ceiling timber cabinetry, a breakfast bar, butlers or walk-in pantries, Smeg appliances including induction cooktop and semi-integrated dishwasher and generously-appointed storage options.

Created by an all-local team of Queensland-based designers and property experts - Rogerscorp, Z Architects, Devcon Property Group and Position Property - the vision for Fable&nbsp;captures the modern southeast Queenslanders’ home in a connected urban community with a green heart.

[smartcode_project:default project_id=112680 project_image_fid=200119]

Rogerscorp Director Simon Rogers said Fable’s desirable location and homely communal design had been a major drawcard for a variety of buyer types.

“Fable has been designed as a community for modern families of all ages and sizes to connect, relax and unwind in the heart of Everton Park, which is exactly the lifestyle people are seeking post-Covid,” said Rogers.

“The amenities at Fable mimic those within the humble Queensland-style backyard, such as the barbecue and pizza oven, resort style pool with loungers, herb garden, open lawn space and fire pit, allowing residents to come together and enjoy life’s simple pleasures.”

Rogerscorp has appointed residential home builder, Devcon Building Co to commence construction of Fable in January 2023 following the success of its partnership on Nest, a townhome project in Bracken Ridge.

[smartcode_project:default project_id=112680 project_image_fid=196538]

Position Property's Richard Lawrence said the early sales success experienced at Fable reflects the desirability of the project’s urban neighbourhood concept.

“Fable is already attracting a wide variety of buyer types seeking a home with access to amenities right on their doorstep, which is exactly what the project was designed for,” said Lawrence.

“The strong interest we have received in Stage One has resulted in a waitlist for the final stage, so we anticipate these fast-tracked residences will sell quickly.”

Fable offers a total of 57, three-bedroom town and terrace homes with a choice of warm or light interiors and premium features throughout, including&nbsp;freestanding baths and waterfall showers, seamless indoor-outdoor living areas, flowing Coastal oak flooring and generous floor plan designs.

[smartcode_project:default project_id=112680 project_image_fid=196537]

At the central heart of the community is Fable’s resort-style pool, pocket park, outdoor kitchen and dining and yoga lawn.

Rogerscorp is a family-owned property development and investment company, with a diversified portfolio of commercial, healthcare, retail, childcare and residential projects.

The group has a growing portfolio valued at over $280 million, with new sites being acquired swiftly the company is set to nearly double their portfolio just this year.

[smartcode_project_cta:default project_id=112680]

Fable’s second and final stage comprises 26 town and terrace homes with four floorplan designs ranging from 186 sqm to 216 sqm – virtually a small lot home. 

Rogerscorp launch final stage of Everton Park townhouse development Fable to meet demand

From its humble postwar-era<text data-test="textbox" direction="ltr" height="10.9449462890625" lengthadjust="spacingAndGlyphs" textlength="158.144844055176" x="65.8568954467773" y="-721.671630859375"> beginnings, Everton Park is in a</text><text data-test="textbox" direction="ltr" height="11.032958984375" lengthadjust="spacingAndGlyphs" textlength="186.844940185547" x="65.5488891601562" y="-706.671630859375"> state of renewal, with contemporary</text><text data-test="textbox" direction="ltr" height="10.9450073242188" lengthadjust="spacingAndGlyphs" textlength="138.125946044922" x="65.5488891601562" y="-691.671569824219"> architecture, urban art and</text><text data-test="textbox" direction="ltr" height="10.9449462890625" lengthadjust="spacingAndGlyphs" textlength="195.192848205566" x="66.0328903198242" y="-676.671630859375"> unprecedented connectivity to greater</text><text data-test="textbox" direction="ltr" height="11.032958984375" lengthadjust="spacingAndGlyphs" textlength="177.339836120605" x="65.7468948364258" y="-661.671630859375"> Brisbane.</text>

The newest residential opportunity in the area will be Fable by Rogerscorp, a collection of 57 town and terrace homes set privately among&nbsp;generously<text data-test="textbox" direction="ltr" height="11.032958984375" lengthadjust="spacingAndGlyphs" textlength="194.522933959961" x="66.0768890380859" y="-601.671630859375"> landscaped gardens, while also offering an abundance of</text><text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="193.993850708008" x="66.0768890380859" y="-586.671569824219">&nbsp;convenience from its Woolworths Street location.</text>

<text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="193.993850708008" x="66.0768890380859" y="-586.671569824219"></text>

Located just 8-kilometres from the CBD and only 15-minutes to the Brisbane Airport, Fable is placed to take advantage of both the immediate neighbourhood as well as the wider Brisbane City.

Previously&nbsp;the idea for the site was for high density apartments across four buildings, but&nbsp;Rogerscorp Director Simon Rogers said the new plans meet the evolving needs of the surrounding neighbourhood and ensures families have modern living options within the community that suit their lifestyle.

[smartcode_project:default project_id=112680 project_image_fid=196538]

&ldquo;Everton Park is one of the suburbs in north-west Brisbane that has changed rapidly in recent years thanks to a variety of new amenity and &lsquo;city lifestyle&rsquo; offerings,&quot; Rogers said.

&ldquo;We wanted to challenge the ideals of residential living and introduce elements of resort style living.

&quot;We realised this offered more opportunity for the residents to do what they love and enjoy most.&quot;

From the surroundings, the development was designed almost as&nbsp;an enclosed city,<text data-test="textbox" direction="ltr" height="11.032958984375" lengthadjust="spacingAndGlyphs" textlength="317.213584899902" x="65.5268936157227" y="-652.341064453125"> to ensure resident privacy from the adjoining commercial precinct.</text>

[smartcode_project:default project_id=112680 project_image_fid=196534]

Designed by Z Architects, the material palette allows for these dwellings to be seen as a unified object from afar, yet upon closer inspection, the individualism of each dwelling stands out.

Similar to the site being surrounded by amenity, the masterplan surrounds a central park, the focal point of private amenity and congregation for the residents and its visitors. Residents will enjoy ultra-exclusivity with an array of resort-style facilities&nbsp;including recreation and relaxation amenities like a pool, sun lounges, herb and veggie garden, barbecue pavilion, pizza oven, and fire pits.

Precinct planning in the design was key to afford each concourse an identity dissimilar to that of another. This is done through a variance of unparalleled built forms, a strategy not often associated with townhouse developments. In doing so it creates an identity and a sense of belonging to each dwelling that is unique to its setting within the development.

[smartcode_project:default project_id=112680 project_image_fid=196540]

The town and terrace homes include designer appliances and high-quality finishes throughout.

On the ground floor of each townhouse is a minimum of two cars, laundry and a terrace<text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="496.722793579102" x="66.0768890380859" y="-382.340972900391"> leading to the backyard. Additional multi-purpose terraces are designed into some of the dwellings,</text><text data-test="textbox" direction="ltr" height="10.9450073242188" lengthadjust="spacingAndGlyphs" textlength="485.436645507812" x="65.5488891601562" y="-367.340972900391"> allowing the occupants to engage with the backyard.</text>

The living levels all lead out to an elevated balcony space, a place that allows<text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="495.512878417969" x="65.5488891601562" y="-292.340972900391"> occupants to have a passive surveillance of the streetscape and the internal parkland. This allows</text><text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="488.460594177246" x="65.3288955688477" y="-277.340972900391"> the buildings to breathe by occupying the subtropical environment, out of the direct sunlight and</text><text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="485.041870117188" x="65.5488891601562" y="-262.340972900391"> open to ventilate. </text>

<text data-test="textbox" direction="ltr" height="11.0330200195312" lengthadjust="spacingAndGlyphs" textlength="485.041870117188" x="65.5488891601562" y="-262.340972900391">Beyond this is the bedroom floor, perched up high above the ground plane, this</text><text data-test="textbox" direction="ltr" height="11.0329895019531" lengthadjust="spacingAndGlyphs" textlength="230.403846740723" x="65.8568954467773" y="-247.341003417969"> space becomes a place of retreat for occupants</text>.

[smartcode_project:default project_id=112680 project_image_fid=196537]

&quot;As the modern way of living changes, the way we think about and design homes must also adapt. To us, this meant creating spaces that were inviting and nurturing, where self-care and wellbeing simply became part of everyday life.&rdquo;

&ldquo;Fable was curated to be a collection of ultra-modern, sustainable and bespoke masterpieces,&quot; Rogers added.

&quot;Through well considered architecture it seamlessly fuses with the surrounding urban and natural area, this is why Fable is set to redefine urban living.&rdquo;

[smartcode_project_cta: project_id=112680]

Rogerscorp Director Simon Rogers said the new plans meet the evolving needs of the surrounding neighbourhood and ensures families have modern living options within the community that suit their lifestyle.



Rogerscorp set to launch Fable, Everton Park townhouse development

The national developer Mirvac has seen buyers snap up the first release of Ashford Residences, its Everton Park project just north of the CBD.

All of the 24 terraces have been snapped up which has seen Mirvac bring forward construction to this month.

The cheap entry point, starting at $630,000, has seen first home buyers dominate the purchasers. There we 10 first home buyers, accounting for over 40 per cent of the buyer demographic. They&#39;ve taken advantage of the $15,000 HomeBuilder grant and the $15,000 first home buyer grant.

There were five downsizer purchases and five investors who are getting back in to the market, and four buyers upgrading.

[smartcode_project:default project_id=28504]

Mirvac have appointed Brighton Homes to deliver the 80 Ashford Residences townhouses, with further stages to also be fast-tracked and released to the market in the coming weeks. There has already been expressions of interest in the next lot of 33 terraces, some of which have up to 217 sqm of space.

There will also be 43 freestanding homes in the wider development.

Each purchaser has the opportunity to customise their terrace, with the ability to choose from five main colour schemes and a number of different fittings. 
 
Warwick Bible,&nbsp;Mirvac&#39;s&nbsp;general manager of residential development&nbsp;said he was pleased to have Brighton Homes on board to ensure the quality of construction was on par with the community&rsquo;s stellar location alongside Kedron Brook and five star resident facilities.

&ldquo;This is the first built product at Ashford Residences and we are confident Brighton Homes will bring these beautifully crafted terraces to life exactly as we have imagined,&rdquo; he said.

[smartcode_project:default project_id=28504 project_image_fid=150616]

&ldquo;As with all Mirvac communities, we have designed the terrace homes to embrace the look and feel of their surroundings, so in this case it&rsquo;s all about capturing light, breezes and appreciating the natural, leafy surrounds of the adjacent Kedron Brook.

&ldquo;We&rsquo;ve extended the greenery in to our community with each home boasting a landscaped private courtyard, along with access to the Ashford Club, which features a communal turfed area for residents to relax and entertain guests, complemented by resort-style amenities including a pool, barbeque, teppanyaki grill, fire pit and gymnasium.

&ldquo;Lifestyle has been a major drawcard for purchasers, who have been predominantly local owner-occupiers including families, downsizers and first time buyers &ndash; who will enjoy the convenience of having multiple schools nearby along with the revitalised Everton Park Plaza with a range of new restaurants and cafes.

&ldquo;With construction starting on the first stage, we&rsquo;re expecting the strong demand to continue from buyers looking for a brand new home they can move in to soon, with completion on the first stage expected by late 2021/early 2022.&nbsp;

[smartcode_project_cta: project_id=28504]

<h2>Other developments by Mirvac</h2>

[smartcode_project:default project_id=90553]

Mirvac has released the latest apartments in its $1 billion Quay Waterfront Newstead community.&nbsp;

Following development approval in mid 2020 the latest tower, Sky Precinct, will be located alongside the Brisbane River and will join previously completed stages including Pier, Park and Unison.

The 25 storey tower will home 143 one, two, three and four-bedroom apartments that have been designed by Mirvac&rsquo;s team to cater specifically to owner-occupiers.

&nbsp;

Mirvac has just secured a sell-out of stage one of the project, which will be fast-tracked to meet demand

Why first home buyers have dominated sales in Mirvac's Everton Park townhouse development Ashford Residences

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There’s good news for former ­Cronulla Sharks star Ben Barba.
He’s finally managed to offload his former Brisbane home after just under a year on the market. He got $800,000 for it, having sought offers over $849,000 when first listed.
The price for the four-bedroom Everton Park home was revised down to offers over $799,000 before its sale.
Barba paid $769,000 in 2013, after his move to the Broncos. He only spent one season at Red Hill before moving to the Sharks.
It was a better result for Barba than he had on his Shire home.
Barba, now a labourer in North Queensland after being deregistered from the NRL for a string of high-profile incidents, sold his former ­Caringbah South home for $1,085,000 last year, nearly $100,000 less than he paid five years earlier.
This article was first published in the Sunday Telegraph.
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Former Shark Ben Barba sells Queensland investment

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The Monarc Health &amp; Childcare Hub, in Everton Park, has commenced construction and is expected to be open by mid-2020.
Located at 55 Woolworths Street, Everton Park, the Health &amp; Childcare Hub is the first stage of a 1.1 hectare mixed use urban precinct called Monarc that received Brisbane City Council approval in June.
Local Brisbane developer Rogerscorp is developing the holding, which will ultimately include the Health &amp; Childcare Hub, accompanied by four residential apartment towers.
Three tenants have already pre-committed to the development, making it 90% occupied.
The Monarc Health &amp; Childcare Hub totals approximately 2,763 square metres over 3 levels, and features 72 carparking bays with all levels connected by elevators.
The Everton Park Medical Centre was secured on a 10-year lease with two 5-year options by Harry Dever and Chris O’Driscoll from Colliers International who are exclusively marketing the first stage of the development. They will be occupying 600 square metres within the Hub and will be co-located alongside two other pre-committed tenants. 
One of them is Harmony Early Learning Journey which is founded and operated by Chris and Gabrielle Giufre. They will open a 112 place childcare centre after signing a 20-year lease term with two 5-year options through Mitchell Willet from Cushman &amp; Wakefield.
The third tenant will be a Chemist occupying 200 square metres which Rogerscorp has secured on a 10-year lease term with two 5-year options. 
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Everton Park health and childcare hub set for 2020 opening

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EG, one of Australia’s leading commercial real estate fund managers, draws the Core Plus Fund (CPF1) to a close with the successful sale of North West Plaza, Everton Park QLD.
EG’s CPF1 was initiated in 2014 with a total gross acquisition asset value of $231 million across 7 assets over a 3-year acquisition horizon. 
The Fund consisted of Sydney, Melbourne and Brisbane office, industrial and retail real estate assets which had the potential for uplift via strategic capital works and active asset management initiatives.
“We are incredibly happy with the performance of CPF1. The Fund has vindicated the investment strategy of identifying and acquiring assets which disproportionally benefit from repositioning while also ensuring strong underlying cash-flows on limited downside risk” Divisional Director, Daniel Farley said.
Assets within this portfolio also included office properties 92 Pitt Street Sydney, 277 William Street Melbourne and 223 Liverpool St, Darlinghurst.
 The Fund will deliver net returns to investors of well over 20% EIRR.
The final disposal for the Fund was Brisbane neighbourhood shopping centre, North West Plaza, (pictured above) which has transacted at $42.5 million in June 2019. 
The successor fund, EG’s Australian Core Enhanced Fund (EG ACE) has completed its first close of $500 million and is open for further investment for the next 12 months.
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EG successfully close Core Plus Fund No.1 after Everton Park sale

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Former rugby league star Ben Barba is selling his Brisbane investment property.
Barba, whose fall from grace has seen him swap a $500,000-a-year league career to being a labourer, paid $769,000 in 2013 for <a href="https://www.realestate.com.au/property-house-qld-everton+park-130905414" target="_blank">the Everton Park home</a>.
It was bought after his move to the Broncos.
Barba only spent one season at Red Hill before moving to the Cronulla Sharks when the four-bedroom home became a $750 a week rental.
Innov8 Property Sales ­Albany Creek agent Michael Spillane is seeking offers above $849,000.
The vast 1985-built home sits on 1100 square metres.
Barba retains his $1.18 million Caringbah South home that became a rental after the winger headed to France to play rugby union in 2017.
The former Dally M Medallist currently faces two charges of public nuisance following an alleged domestic violence incident on Australia Day at the Townsville Casino with his partner Ainslie Currie, which led to his sacking by the North Queensland Cowboys.
With his league career in tatters, Barba has been a lab­ourer at a Mackay garage door manufacturing business owned by his cousin Adam Doull.
Meanwhile, Barba plays soccer for the Mackay Rangers in the Mackay Premier League.
This article was first published in the Sunday Telegraph.
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