<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Gold Coast off the plan apartments

The last sky home in Broadbeach's recently completed Beach House development by Andrews Projects, has hit the market.

The newly launched penthouse, which has a price guide of $6.5 million, crowns the 14-level building which features a curved facade designed by bureau^proberts.

There are just 12 full-floor apartments in the Australia Avenue building, featuring open-planned floorplans, north-facing views, and large floor-to-ceiling windows.

Andrews Projects Sales Manager Sarah Andrews said Beach House was designed with owner occupiers in mind, with the majority of purchasers to date being downsizers. A number of buyers came from Victoria.

“Our vision for Beach House was to bring house-sized proportions into an apartment space; floorplans are functional and provide similarities to purchasers’ current homes to make the transition into sky living seamless," Andrews says.

Each home features a kitchen island bench over four metres long, as well as a butler's pantry, dual work from home spaces, a second multi-purpose room and access to the exclusive resident’s only rooftop, complete with a heated infinity pool, spa, gym, sauna and a sunken lounge.

“We don’t expect Residence 1201 to last long, the amount of interest we receive on a daily basis for Beach House is phenomenal - it’s been very well received by the market as there is nothing comparable to in Broadbeach and won’t be for a long time," Andrews added.

“The design and consideration of the site in relation to its neighbours has been really well thought out; the exterior is alluring and features the signature Andrews Projects curves, while extended concrete slabs and vertical blades work as functional sun protectors and privacy screens."

The first 10 residences sold within a week of launching to market back in 2021. Buyers are expected to move in within the coming weeks.

Andrew Projects is currently developing Cascade in Robina, a $250 million, two-tower project set within one hectare of resort-style landscaping and amenity.

[smartcode_project:default project_id=135618 project_image_fid=210936]

A 25-metre magnesium pool, gym, spa pool and sauna form part of the state-of-the-art wellness centre, while generous landscaping complements the lush communal areas which include an amphitheatre and private poolside cabana.

The development, which is due to commence construction in mid-2023, is now selling the second tower apartments, which start from $750,000 for a two-bedroom unit.

The newly launched penthouse, which has a price guide of $6.5 million, crowns the 14-level building which features a curved facade designed by bureau^proberts

Andrews Projects release Beach House penthouse in Broadbeach

La Isla, the completed Southport apartment development, is offering its investor buyers a rare six per cent rental guarantee for the first year of ownership.

Eric Machado, Director at Sutherland Group Property who are marketing the La Isla apartments on behalf of developer Draycon, says the rental guarantee will be particularly appealing for investors from Interstate.

"I don't know of any development on the Gold Coast, or even in South East Queensland, which is offering a 6% rental guarantee on purchase," Machado says.

[smartcode_project:default project_id=134731 project_image_fid=213012]

"The guarantee offers certainty for an investor that they will start to see a return straight away."

There are some dual key apartments on offer which have so far been snapped up by local investors, while some are currently occupied and managed by Draycon.

Draycon initially saw the La Isla building as an opportunity to develop and keep the entire project but pivoted to the more traditional selling model given the lack of brand new apartments available on the Gold Coast.

[smartcode_project:default project_id=134731 project_image_fid=213013]

"There's hardly any brand new apartments available on the Gold Coast, never mind projects tailor-made for the investor," Machado added

A portion of the &nbsp;La Isla residents are owner-occupiers, residing in the two and three-bedroom, owner-occupier focused apartments. Most of the owner-occupiers were driven by both the size of the apartments, and the high-end resident amenity on offer.

[smartcode_project:default project_id=134731 project_image_fid=207740]

Crowning the 14-level La Isla is a rooftop infinity pool, a hot tub on the north-east corner and an open entertaining area offering never-to-be-built-out views over the Broadwater, Marina Mirage and Southport Yacht Club. Residents also have easy access to other areas of the Gold Coast, with a tram stop right outside the Queens Street building.

La Isla was complete late last year to a design by architects Burling Brown.

Southport is undergoing a regeneration and opportunities are limited.

[smartcode_project_cta:default project_id=134731]

Eric Machado, Director at Sutherland Group Property, says the rental guarantee will be particularly appealing for investors from Sydney and Melbourne.

La Isla Southport apartments offer rare rental guarantee for investors

Following a property boom, capital cities tend to see prolonged contractions in the market, generally driven by an affordability pinch.

It's happened in Sydney and Melbourne, with values coming back over -10 per cent over the last 12 months. The COVID-induced boom however saw some Sydney suburbs see gains of over 50 per cent.

While the Gold Coast saw values spike due to the huge number of interstate migrants either working remotely for years or making the permanent move to the coastal hotspot, the anticipated end of the growth cycle has many believing there's a new entry point which prices won't go back below.

That's been recently reaffirmed with new data from property data analytics company CoreLogic, who suggest unit values are just -3.5 per cent lower than they were this time 12 months ago. In fact, the value of units has grown over the last two months. CoreLogic's Home Value Index found Gold Coast unit values rose 0.1 per cent in March and a further 0.8 per cent in April.

The median value of an apartment on the Gold Coast is now $654,000, according to CoreLogic.

A lot of agent feedback is positive, with demand in most areas still outstripping supply.

Pezet Matheson Managing Director Jayde Pezet says they had a strong run of sales between Coolangatta and Main Beach across April.

"In Coolangatta, Esprit, Rhythm Kirra Hill and Rockpool saw a great run of unconditional sales over the past four weeks, whilst Lagoon Main Beach commenced construction which ignited a string of extremely qualified enquiries that resulted in sales," Pezet says.

[smartcode_project:default project_id=108747 project_image_fid=198830]

Pezet says lead flow has softened, however&nbsp;the quality of leads is much stronger, with a solid conversion rate for projects that are currently under construction and being undertaken by credible developers with highly credentialed consultants.

"We see a steady back end to 2023 for projects that are well funded, commenced construction with well-known builders and that have a robust team to deliver," Pezet added.

Demand is still alive at the high end of the market too,&nbsp;NPA Projects Director Andrew Erwin says.

"Despite ongoing concerns with construction certainty, the Gold Coast luxury apartment market has been remarkably vibrant leading into and post Easter, with downsizers and relocators motivated to find a suitable project with completions forecast for 2024/25," Erwin says, adding that there is&nbsp;a sense that new markets will emerge with international interest spiking.

[smartcode_project:default project_id=108982 project_image_fid=210142]

Ray White Head of Projects Caitlin Rosenboom says the Gold Coast&nbsp;residential market continues to outperform others around the country due to a number of key principles.

"The combination of domestic population growth due to continuing interstate relocations; and international migration, which is steadily returning to pre-pandemic levels, puts increased demand on an already critically undersupplied property market," Rosenboom says.

"Investors in particular are keen to purchase property off the plan on the likely assumption that demand will continue to outstrip supply in the foreseeable future, suggesting steady and continuing capital growth and, of course, excellent investment yields. &nbsp;

"With the volume of development applications continuing to slow and fewer residential projects being launched, those who purchase off the plan in successful projects will reap the rewards.”

Urban.com.au data showed a further increase in buyer interest for Gold Coast off the plan property from New South Wales. There was also increased levels of search demand from Queensland. which is starting to trend upwards following a sharp decline in search at the start of 2022.

Seven of Queensland's top 10 most searched suburbs by interstate property buyers were on the Gold Coast. Broadbeach was again the most popular, followed by Burleigh Heads, Coolangatta, Palm Beach, Surfers Paradise, Kirra, and Main Beach.

<img alt="Urban QLD interstate data" data-entity-type="file" data-entity-uuid="3dac7d6b-2272-46fa-880f-79ead48a068a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-02%20at%203.42.09%20pm.png?VersionId=mlpCoAELos4h1z65UIIv35lyohv8FkKj" />

Urban.com.au CEO Mike Bird says the Gold Coast has a long and interesting road ahead of it.

"What tells me there’s legs in the market is some of the best developers both in Australia and internationally are developing in the burgeoning area," Bird says.

"Tim Gurner and Harry Triguboff are two of our most prolific developers, and they’re contributing thousands of apartments to the skyline, while international developer SPG Land is also bringing the same level of density.

"Even a member of the UK Royal Family picked Main Beach as their first ever project in Australia. That to me suggests there's more growth in the local market, from local, interstate, and international buyers." 
&nbsp;

&nbsp;

A lot of agent feedback is positive, with demand in most areas still outstripping supply

City Beat May 2023: How the Gold Coast unit market continues to hold firm following COVID boom

When it comes to urban living with a relaxed attitude, Chevron Island’s village is the place to be.&nbsp;

Uniquely located between the suburbs of Surfers Paradise and Bundall but separated by the waters of the Nerang River, Chevron’s charm comes through its connection to the surrounding suburbs whilst still seeming worlds away.

And now, a new luxury tower is set to take centre stage in the sought after suburb with Aniko's Orama.

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Orama, which means "vision" in Ancient Greek, is a 21-storey tower that will offer 102 luxury residences. The development's unparalleled location next to the water and just a few steps away from the heart of the Gold Coast – Surfers Paradise – gives residents not only unparalelled views but also a remarkable amount of privacy.

Despite its proximity to Surfers Paradise, Chevron Island is a quiet residential suburb that's perfect for people who want to live near the beach without the noise and crowds of a busy tourist destination.

And with the newly developed Green Bridge linking residents to Surfers Paradise, Chevron Island is also a key extension of the Arts and Culture Precinct, headquartered at the famed Home of The Art (HOTA).

Orama residents will be able to enjoy a host of fine dining restaurants, eateries, and cafes just a short stroll away. Places like Fu Manchu Oriental, Bottega Italian Restaurant, and Palette Restaurant offer a range of dining options for discerning palates.

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Located at 12-16 Weemala Street, Orama sits just off from the main drag of Chevron Island, with Thomas Drive featuring a crop of boutique retailers amongst the offerings as well as the Colin Sweeny Art Gallery, Chevron Island’s fishing platform and Chevron’s Rowing Club also sitting amongst the wealth of amenity surrounding the residences.

Other nearby destinations for shopping, dining, and world-class entertainment include Pacific Fair Shopping Centre, Capri on Via Roma, and The Star Casino.

And with easy access to public transport, major shopping centres, and entertainment venues, Chevron Island is a central location that's perfect for busy urbanites.

Chevron Island is also only a short walk from some of the Gold Coast's most popular beaches, such as Surfers Paradise Beach, Broadbeach, and Burleigh Heads. This makes it the perfect location for those who want to enjoy the sun, sand, and surf without having to travel far from home.

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Despite its proximity to Surfers Paradise, Chevron Island is a quiet residential suburb that's perfect for people who want to live near the beach without the noise and crowds of a busy tourist destination

alisonwarters@gmail.com

Why the village vibe of Chevron Island is drawing attention

Southport has long topped the list for first home buyers on the Gold Coast due to its relative affordability compared to its neighbouring Main Beach.

Boutique developer Busikon is tapping into the entry-level market with a twist, with sub-$500,000 apartments at their Waverley Residences project designed by renowned architect Rothelowman, who have designed some of the country's best buildings.

The Waverley Residences offer 60 one, two and three-bedroom apartments across its eight levels.

[smartcode_project:default project_id=106723 project_image_fid=170910]

The apartments are fitted with modern fixtures and fittings, including 100 per cent wool carpet throughout, handpicked ceramic and porcelain wall tiles in the bathrooms, composite timber flooring across living and dining spaces, and a reconstituted stone island bench in the kitchen.

High-quality appliances have been incorporated throughout, including ceramic cooktops, dishwashers, ovens and rangehoods.&nbsp;

The apartments are also equipped with separate enclosed laundry areas, large window panels that allow plenty of natural light in, built-in feature shelves and plenty of storage space.

[smartcode_project:default project_id=106723 project_image_fid=170911]

Situated in one of the Gold Coast's most sought-after suburbs, residents will have easy access to public transportation, shopping centres, restaurants and cafes.

There's a range of two-bedroom apartments still remaining, with prices starting from&nbsp;$498,000.&nbsp;

Spanning from 93 sqm to 106 sqm, each includes a study space, along with two-bathrooms and one car space.&nbsp;

[smartcode_project_cta:default project_id=106723]

The Waverley Residences offer 60 one, two and three-bedroom apartments across its eight levels

The Waverley Residences: Rothelowman-designed Southport apartments attracting first home buyers

After undertaking over $500 million worth of projects since 2018, the Southport-based Aniko Group has become&nbsp;the only Gold Coast builder to be ranked among The BCI Construction League’s top 30 construction companies nationally for 2022.

Aniko Group, founded and led by George Mastrocostas who has more than 20 years experience in the development industry, has debuted on the BCI list at number 27.

The company was one of only a handful of Queensland builders and the only Gold Coast builder to be ranked in the list. It was also one of the few integrated development groups to make the top 30 behind the likes of Lendlease and Mirvac.

The BCI Construction League lists the nation’s top 50 builders, including developer-builders, and ranks them by the total value of projects they have commenced construction in any given year.

The BCI Construction League lists just three projects for Aniko Group in 2022, which is the lowest number of project starts of any company in the top 30.

The three projects have a total end value of $318 million, making the average value of each project $106 million, and on this metric Aniko Group is positioned at number eight among the nation’s top 50 builders.

Mastrocostas says the debut ranking in the BCI Construction League is among the many achievements by Aniko Group since he founded the company five years ago. Aniko Group is widely acknowledged for singlehandedly changing the face of Hope Island through a series of sold-out luxury apartment projects, including its latest, the $150 million Athena Quays.

[smartcode_project:default project_id=109922 project_image_fid=207989]

“We’re especially proud to be among the few fully integrated developers and builders to be included in the BCI list,” Mastrocostas said.

“The ranking sets our company apart from our competitors amid the challenges faced by the construction industry. We are very proud of what we have achieved to date and for the plans we have in train to meet continued demand for new residences on the Gold Coast.”

Aniko Group is bringing forward construction of its $120 million Orama high-rise development at Chevron Island, after achieving an <a href="/news/qld/aniko-approach-50-sold-at-orama-chevron-island-apartments">unprecedented level of pre-sales</a>.

[smartcode_project:default project_id=111898 project_image_fid=209596]

The company is also finalising designs for a <a href="/news/qld/aniko-lodge-plans-for-1-5-billion-mermaid-beach-development">landmark $1.5 billion four-tower development</a> on a long-vacant site at Mermaid Beach. The mixed-use development will deliver a range of residential, commercial, hotel and dining facilities to the waterfront site which is located next to the entrance of Pacific Fair shopping centre.

Mastrocostas said the strength of Aniko Group’s workbook is founded through the combination of innovative projects and its capabilities to deliver on its vision through its dedicated construction division.

“Being both builder and developer provides us with greater control over the construction process and gives us the flexibility to pursue opportunities that minimise the risk for buyers.

"Buyers in the current market are looking for certainty and our integrated model delivers this, which is why we have so many repeat customers across our portfolio.”

The company was one of only a handful of Queensland builders and the only Gold Coast builder to be ranked in the list



Aniko Group ranked among nation's top builders

Multi-award winning construction and development group Rawcorp are well underway with construction on their latest coastal development, ISLA Kirra Beach.

There's just six residences remaining at ISLA, a boutique block of 37 apartments at 10 Coyne Street, just a minutes walk from the famed Kirra Beach. The north-facing apartments offer extensive views across Kirra Beach.

ISLA Kirra Beach offers the ultimate in space, privacy and lifestyle, with just three residences per floor and an abundance of resort-style amenity.

&nbsp;

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Designed to promote a lifestyle of relaxation and wellness, the amenity on offer includes a pool with a Baja shelf and outdoor deck, along with sun lounges and a resident's outdoor lounge.

There will also be a sunset bar, European sauna, an outdoor shower and outdoor dining and barbecue facilities, along with a&nbsp;full-scale gym, indoor private dining, an indoor lounge, work from home facilities, and a yoga and stretching lawn.&nbsp;

[smartcode_project:default project_id=24465 project_image_fid=209076]

Internally, the apartments boast premium finishes including ducted air-conditioning, Smeg appliances, integrated fridges and 40mm stone benchtops.

They've designed the apartments to be spacious and offer seamless integration between the open plan kitchen and living areas, with the outdoors, with the entertainer's kitchens the heart of the homes.&nbsp;

&nbsp;

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The full-height glass frontage provides an abundance of natural light and ventilation into the homes, while also offering up protected views to Kirra Beach, the Pacific Ocean and the Gold Coast coastline.&nbsp;

Generous master-bedrooms provide a tranquil retreat in each apartment, with large walk-in robes and well-appointed ensuites with double vanities.&nbsp;

They even include dedicated laundry rooms with ample storage throughout.&nbsp;

[smartcode_project_cta:default project_id=24465]&nbsp;

ISLA Kirra Beach offers the ultimate in space, privacy and lifestyle, with just three residences per floor and an abundance of resort-style amenity

ISLA Kirra Beach apartments over 80% sold with construction well underway

The Canberra-based apartment developer Amalgamated Property Group have doubled down on the Broadbeach apartment market.

Having successfully recently launched Amaya Broadbeach at 30 First Avenue, now under construction and 40 per cent sold, the Graham Potts-led company has secured a prime site just 700 metres away near Nikiforides Park.

It's the 1,820 sqm Chelsea Avenue site that was&nbsp;put together for Raptis by local development amalgamation specialists GV Property Group in early 2022.

Raptis had&nbsp;development approved plans for a 41-level, Archidiom-designed tower with 180 apartments.

Three-bedroom apartments dominated the plans, some 144 on offer. The remaining 36 apartments were two-bedders.

The recreation level was planned for level four, where there&nbsp;will be a&nbsp;swimming pool, residents' lounge, community living area including barbecue and outdoor dining area, gardens, a gym, sauna, and a&nbsp;yoga / meeting room. APG has tweaked the plans and will launch&nbsp;<a href="/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach">Affinity Broadbeach</a>&nbsp;in late 2024.

<img alt="Raptis Chelsea" data-entity-type="file" data-entity-uuid="2ff36c6e-8423-40f3-81ed-8805d0a2066b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-22%20at%202.00.57%20pm.png?VersionId=AjHYqcBS4BaDfvVjqYh17wlK5NdWzC3J" />The plans submitted to council by Raptis. Image credit: Archidiom

Raptis are still in the Broadbeach apartment market. They're soon to launch The Sterling at 6-8 George Avenue.

They recently went back to council to chop 17 levels off the tower, dropping the density from 138 apartments to 80, an even split of two and three-bedroom units.

<a href="/news/qld/first-look-exclusive-raptis-to-chop-17-levels-off-the-sterling-broadbeach-apartments">Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments</a>

APG's new acquisition will be another joint venture with their project partner Base Developments, who they are working with on Amaya.

Amaya is now on track for completion in late 2024 after a strong start to its marketing campaign.

Gold Coast Builders GCB Constructions kicked off the earthworks in December, and started the foundation work in January.&nbsp;

<a href="/news/qld/amalgamated-property-group-starts-construction-of-amaya-broadbeach-apartment-tower">Read more:&nbsp;Amalgamated Property Group starts construction of Amaya, Broadbeach apartment tower</a>

Nicholas Clydsdale, Senior Director of CBRE Residential Projects, said the combined strength of APG and Base Developments and their ability to commence projects without financial restrictions imposed by lenders, positions Amaya as a rare gem in the current market where buyers are seeking certainty.

It's the 1,820 sqm Chelsea Avenue site that was put together for Raptis by local development amalgamation specialists GV Property Group in early 2022

First look: Amalgamated Property Group double down on Broadbeach apartment market with Raptis site acquisition

It only took a soft launch for reputable Gold Coast developer Aniko Group to secure almost 50 per cent of their new Chevron Island apartment tower, Orama.

Aniko, led by George Mastrocostas, is only just putting the finishing touches to their onsite display suite at 12-16 Weemala Street, a large site which they acquired in 2021 through GV Property Group.

They were inundated with enquiry from locals, who have made up the bulk of the purchasers in the 102-apartment project since Aniko started its coming soon phase over the summer, Aniko Sales Director Peter Malady says.

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Prices have ranged from $895,000 through to the $3.15 million penthouse, which is expected to exchange next week to a local downsizer.

"Most of the buyers, as we expected, have come from either Chevron Island, or within a five kilometre radius," Malady said, adding that buyers have come from Surfers and Paradise, just the other side of the Chevron Island Bridge.

"Most of them are downsizing their family homes and are wanting a more maintenance free lifestyle in a village community."

Malady said their second largest buying demographic are lock up and leave holidaymakers from Sydney and Melbourne.

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"There's wealthy clientele from all areas of Sydney and Melbourne who are securing two-bedroom apartments and will use it for themselves when they come and holiday, and will lock it up for the rest of the time."&nbsp;

Malady says Sydney purchasers have, for a long time, been more prevalent across their portfolio than those from Melbourne, however it's been more of an even split at Orama.

Orama was designed by Plus Architecture, who noted in their design statement that&nbsp;the design of the tower was inspired by the natural soft and subtle movements of the surrounding environment, the form dips and curves to mimic these graceful lines.

"This ultimately crafts a highly articulated building which not only takes these movements into consideration, but also captures the picturesque surrounds."

Crowning the project on level 21 is a 550 sqm rooftop which will feature&nbsp;a striking lap pool and spa.

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Having nearly cleared the 50 per cent sold milestone, Aniko are well on track to kick off construction on time. They're targeting to start the build in Q4 2023.

As a builder developer, Aniko don't have the trials and tribulations of most developers across the Gold Coast, indeed across most of the country.

"We'll be pulling our building team from Athena Residences on Hope Island when that's finished and they'll start building Orama," Malady says.&nbsp;

"It's a rare, and and incredibly attractive proposition for buyers in today's off the plan property market. We don't need to find a builders and battle with cost increases, we just move from one of our own developments to the next. It's a great vote of confidence in the project that we have a 100 per cent completion rate on everything we've done."

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Prices have ranged from $895,000 through to the $3.15 million penthouse, which is expected to exchange next week to a local downsizer

Aniko approach 50% sold at Orama Chevron Island apartments

Beautiful Broadbeach ranked as Apartments.com.au's most searched Queensland suburb in March, unsurprising given the demand profile for the booming pocket just south of the Surfers Paradise hub.

CBRE Residential Director Nicholas Clydsdale, who is marketing APG's Amaya Broadbeach on First Avenue, says Broadbeach's very distinguishable pockets offer something for everyone.

"Northern Broadbeach has a very separate identity to southern and central Broadbeach," Clydsdale says.

"Each of the different areas draw a different buyer. Some prefer to be in the centre, while there are more owner-occupier-centric areas in Northern Broadbeach which draws those who don't want to be in the thick of it, and prefer to be closer to the Surf Club."

We've wrapped up the hottest projects on the market in Broadbeach.

<h2>Project: The Rochester 
Developer:&nbsp;Polycell Developments 
Apartments: 170</h2>

The Rochester is Broadbeach's latest apartment tower to hit the market. It's biggest selling point is its extensive amenity, unrivalled for this type of tower across the Gold Coast.

Situated on an 1813 sqm corner block on Surf Parade and Britannia Avenue, the project has been designed by BDA Architecture with a huge focus on its facilities.

[smartcode_project:default project_id=112276 project_image_fid=211193]

The Rochester offers residents access to two whole floors of five-star amenities and resort-style living, including the exclusive Executive Club located on level 26.

The Executive Club boasts a full floor of entertainment areas, such as a sky lounge, private and communal dining spaces, a commercial kitchen for catering, and a cellar room equipped with chilled individual wine and whiskey lockers for the secure storage and display of residents' fine wines and liquors.

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The Premier Collection of premium apartments are located above the Executive Club. The Premier Collection includes two-bedroom apartments starting at $1.359 million and three-bedroom plus MPR apartments priced from $2.171 million.

The designer apartments are generously sized, with two-bedroom floor plans starting at 112 sqm. Three-bedroom apartments span156 sqm and start at $1.57 million.

<a href="/news/qld/the-rochester-broadbeach-to-feature-over-2-200-sqm-of-resident-amenity">Read more:&nbsp;The Rochester, Broadbeach to feature over 2,200 sqm of resident amenity</a>

<h2>Project: Victoria &amp; Albert 
Developer: Iris Capital 
Apartments: 401</h2>

Iris Capital's Victoria &amp; Albert project has attracted strong interest from buyers since its inception and has continued to do so throughout its development process.

<a href="/news/qld/victoria-albert-broadbeach-urbans-most-popular-gold-coast-project-in-march">Urban's most popular project in March</a>, V&amp;A will bring will bring over 400 apartments to the central Broadbeach area, on the site of the former Niecon Plaza which has been demolished to make way for the two-tower development which includes extensive retail and dining options at the foot of the buildings.

The two towers, one of 30-storeys and the other 40, are expected to be finished by late 2026.

[smartcode_project:default project_id=107928 project_image_fid=184935]

Architecture firm DBI have designed the two towers, which offer a mix of one, two, three, and four-bedroom floorplans, drawing inspiration from the coastal environment and catering to the growing demand for larger apartments.

The project's location, just 50 metres from the beachfront and in close proximity to world-class restaurants, shopping centres, and entertainment venues, has further fueled interest in the residential, retail, and culinary precinct.

Residents will have access to the Podium Club facilities located on the fourth level, designed to enhance the resort-style living experience.

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The facilities include a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by lush sub-tropical gardens.

Topping off the iconic residential offering is the Residents Skylounge on the top level of the Victoria tower. It includes luxury dining, lounge, wellness, and work zones that are perfectly designed to embrace the spectacular views of the surrounding coastline.

<a href="/news/qld/over-50-restaurants-and-cafes-within-300-metres-how-victoria-albert-embraces-the-best-of-broadbeach">Read more:&nbsp;Over 50 restaurants and cafes within 300 metres: How Victoria &amp; Albert embraces the best of Broadbeach</a>

<h2>Project: Amaya Broadbeach 
Developer: Amalgamated Property Group 
Apartments: 120</h2>

Canberra-based developer Amalgamated Property Group, in partnership with Base Developments, are behind the 33-level tower Amaya Broadbeach, at the northern end of Broadbeach on First Avenue.

The DBI-designed tower, now 40 per cent sold and under construction, features a mix of two and three-bedroom apartments, priced from $935,000.

[smartcode_project:default project_id=111866 project_image_fid=203516]

Amaya launched to the market in September last year and has been met with keen interest from buyers who have been attracted to the spacious floorplans, and the fact there's a maximum of four apartments per floor.

The tower was created to seamlessly connect residents with nature. From views of the Hinterland and the ocean waves to the surrounding greenery of parks and streets, the building offers residents a constant connection with their natural surroundings.

[smartcode_project:default project_id=111866 project_image_fid=205115]

The tower's distinctive form is characterised by its individual yet harmonious east and west facade designs. The east facade features soft horizontal bands that emulate the rhythmic waves of the beach, balanced by glass panelling.

A podium level features a pool, gym, sauna, steam room, resident's lounge and dining room, and an outdoor patio and recreation space with barbecue facilities.

<a href="/news/qld/amalgamated-property-group-starts-construction-of-amaya-broadbeach-apartment-tower">Read more:&nbsp;Amalgamated Property Group starts construction of Amaya, Broadbeach apartment tower</a>

CBRE Residential Director Nicholas Clydsdale says Broadbeach's very distinguishable pockets offer something for everyone.

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