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

Joel Robinson

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

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

Sammut secures approval for debut Brisbane apartment development in Toowong

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

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

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

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

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

Main Beach

Pearl Main Beach is set to soar 31&nbsp;levels in to the sky&nbsp;from its prime Main Beach Parade location when it is completed in mid-2022.

The apartment tower of just 80 residences, which has two and three-bedroom apartments which start from 95 sqm, was designed with a nod to its position just across the road from the beach.

Apartments, and the extensive amenity, all have floor-to-ceiling windows, to take in views either of the beach and the Gold Coast Skyline, or back to the hinterland.

[smartcode_project:default project_id=106752 project_image_fid=182210]

The brief was&nbsp;to create a statement entry, starting the luxury resident journey&nbsp;as early as possible.&nbsp;

An American design firm, who specialises in six-star international residences, created the luxury lobby, with a brief to set the scene of the luxury that Pearl will bring residents.

There&#39;s&nbsp;soothing pearl hues, accented by high-end finishes, as well as&nbsp;opalescent accent walls and a true hotel-style concierge desk.

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Every apartment has a balcony to capture the views. They act as an extension of the open plan kitchen, living and dining area, which acts as the hub of the apartments.

The kitchen is the heart of the apartment.&nbsp;Designed with a&nbsp;crisp white palette, the kitchen&#39;s are&nbsp;fitted with stone benchtops and Miele appliances, and offer the ultimate open plan space, with an island bench with sink facing the living area.

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Bedrooms are set away from the living space, but also feature full-height glass for sunrise and sunset.

The considered internal design includes well-appointed ensuites and walk-in robes.

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Residents will have high-end amenity throughout the tower, the most impressive the rooftop swimming pool and&nbsp;recreational facilities with skyline views.

On the same&nbsp;level is&nbsp;a dining area with wine cellar, available for private bookings.

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There will be also be a&nbsp;gym and a residents lounge.

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Apartments, and the extensive amenity, all have floor-to-ceiling windows, to take in views either of the beach and the Gold Coast Skyline, or back to the hinterland

Inside Pearl, Main Beach apartments, designed to take in extensive views

The trend of lower density, high-rise towers continues to gather pace at the latest Gold Coast apartment tower launch.

GDI Group, headed by long-time Gold Coast developer Dean Gallagher, are soon to launch Drift Residences, a 27-level tower designed by Plus Architecture at 16-18 Hughes Avenue, near the central hub of Tedder Avenue in Main Beach.

There is approval for 44 apartments, but GDI has recently submitted a minor change notice to the Gold Coast City Council to add a further two apartments, and add another three levels to the building to make it 30 storeys.

The three-bedroom, 262 sqm apartments, just two per floor, will run from the second level to level 22.

From there will be the penthouse collection, five four-bedroom apartments spanning the whole floor and offering 531 sqm each.

<a href="/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">To be the first to be alerted to the sales launch, enquire&nbsp;here.</a>

<img alt="" height="1162" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/drift_residences_entry.jpg" width="1200" />

There will be a single two-level penthouse crowning the tower, which will have 1,109 sqm and have five bedrooms, five bathrooms, and its own private roof terrace with a plunge pool.

Residents shared amenity will focus around the wellbeing centre, which will feature an infinity pool, sauna, steam and massage rooms, a spa, cold therpay pool, health club, yoga room, a lounge with fireplace, and an outdoor barbecue area.

&ldquo;Our vision for Drift Residences has grown from a desire to create a timeless and enduring building that reflects the beauty and prestige of its Main Beach surrounds and will be admired for generations to come,&rdquo; GDI Group managing director Dean Gallagher said.

&ldquo;The planning stage, realised in collaboration with Plus Architecture, has been meticulous.

<a href="/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">To be the first to be alerted to the sales launch, enquire&nbsp;here.</a>

&ldquo;Our focus on prioritising both luxury and wellbeing has seen the emergence of an innovative design that optimises the comfort of its inhabitants.&rdquo;

Gallgher intends to keep one of the apartments for himself.

<img alt="" height="600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/drift_residences_pool.jpg" width="1200" />

&ldquo;Drift Residences will set a new Gold Coast benchmark for intuitive design,&rdquo; he said.

&ldquo;I look forward to personally taking up residence in this remarkable building and seeing it fulfill its promise as the epitome of a Main Beach lifestyle.&rdquo;

Plus has drawn inspiration form the coastal landscape. Danny Juric, director at Plus Architecture, said&nbsp;

&quot;Drift Residences will provide all the convenience you&rsquo;d expect from a home in the suburbs, but with one clear advantage, unprecedented views and prime location,&rdquo; Danny Juric, Director of Plus Architecture, said.

<img alt="" height="598" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/drift_hero.jpg" width="1200" />

<a href="/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">To be the first to be alerted to the sales launch, enquire&nbsp;here.</a>

Deborah Provost, of DP Project Marketing, who will be marketing the apartments, is expecting&nbsp;discerning, lifestyle-seeking downsizers and luxury holiday home buyers.

&ldquo;We believe Drift Residences will set a benchmark for Main Beach that appeals to the luxury downsizer,&rdquo; Provost said.

&ldquo;We believe our market will come predominantly from local and Brisbane downsizers and undoubtedly from interstate markets when the borders re-open.&rdquo;

About the developer

Drift is GDI Group&rsquo;s latest residential venture and follows the success of its $55 million, 100-plus apartment Varsity Waters development at Varsity Lakes.

Established for more than 30 years, the company has developed a diverse and substantial portfolio of projects across all sectors throughout Queensland&rsquo;s southeast corner. Among its current pipeline is a retail/commercial precinct in Toowoomba, where it also has been involved in land subdivision and residential developments.

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The three-bedroom, 262 sqm apartments, just two per floor, will run from the second level to level 22

Drift Residences, Main Beach apartments, set for launch

The Monaco, the luxury Main Beach apartment development by the local developer Ignite Projects,&nbsp;has secured a sell-out.

The Rothelowman-designed,&nbsp;24-level tower, with just 24 half and full-floor apartments, sold with an&nbsp;average sale price of $4.6 million. The penthouse secured $9.5&nbsp;million when bought by a Sydney buyer, who was in lockdown at the time of purchase.

The tower will rank as one of, if not the most expensive on the Gold Coast, not counting&nbsp;the smaller, boutique beachfront projects that might only rise five or six levels.

&nbsp;It&#39;s not the first time&nbsp;Ignite boss&nbsp;Josh Foote has seen stellar results recently, having quickly knocked over his apartment development at&nbsp;Palm Beach.

They sold out Cabana, a collection of 32 beachfront apartment, in six weeks, one of the quickest sell-outs the Gold Coast had seen for a long time.

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&quot;The Monaco naturally took a little longer, given the near $5 million average apartment price&quot;, Foote says.

&quot;The buyer pool is considerably smaller, less than one per cent of buyers can spend that much.&quot;

&ldquo;The building is setting a new standard for the suburb, which is getting a well-deserved facelift thanks to the $205 million revitalisation of the Spit to turn it into the Gold Coast&rsquo;s version of Hyde Park and a 300-berth marina at The Southport Yacht Club.&rdquo;

The Monaco saw a mix of local buyers, and those interstate from Sydney and Melbourne, NPA Projects Director Andrew Erwin, who exclusively handled the sales, said.

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&quot;It will be a second home for a lot of the buyers, but some will be calling it home&quot;, Erwin told Urban.

The Sydney-based buyer of the expansive two-level 630 sqm penthouse was impressed by the design and unrivalled location, and plans to use it for his &lsquo;forever home&rsquo;.

Construction is now underway by McNab Builders, with an estimated completion date of 2023.

Foote says there&#39;s no surprise to see the heightened demand for the Gold Coast, which he expects to continue now the country has seen what locals have seen for years.

&quot;It&#39;s just all about lifestyle, 100 per cent&quot;.

The developer worked on a few projects with a friend in his native Auckland before moving to the Gold Coast.

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&quot;It wasn&#39;t the value of the Gold Coast that brought me here, it was the lifestyle, and then the value become apparent.&quot;

Foote expects to be heading back to the Southern end of the Gold Coast for his next development, but like many in the industry, is finding it difficult to find a suitable site, for the right price.

&quot;I like developing down there. It&#39;s where I live, and it&#39;s probably the most beautiful part of the Gold Coast.

&quot;But it&#39;s that competitive at the moment, it&#39;s hard to find a site that will stack up. Land value is so high due to the demand for houses in desirable locations, even really old houses where an interstate buyer can knock down and rebuild and still see value.&quot;

He reckons great sites with any development potential have nearly doubled in price in the last 12 months or so. Crazy times.

Construction is now underway by McNab Builders, with an estimated completion date of 2023

The Monaco, Main Beach secures sell-out as one of Gold Coast's most expensive apartment towers

The longstanding South East Queenslander developer, Drew Group, have submitted plans for their next project.

It&#39;s set in the heart of Main Beach at 11 Cronin Avenue, where they have plans to develop two soaring apartment towers dubbed Lagoon Main Beach.

Drew Group, led by Jonathan Drew since 2005, have history in the area and know it well,&nbsp;having previously created the 16-level, 29-apartment developer Cerulean on&nbsp;Pacific Street.

&ldquo;As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this concept will be the central focus throughout the project until future residents move in,&quot; Drew said.

The company, founded in the early 1980s, have recently developed&nbsp;The Beach Houses, a collection of 15 luxury villas at Kirra Point, and their latest project The Village, 72 apartments and beach houses at Palm Beach.&nbsp;That was the fastest selling project in the Gold Coast over 2019 and 2020, securing all of the apartments in just three months.

Lagoon Main Beach will be one of their&nbsp;highest&nbsp;density projects, homing 248 apartments across two towers. It will be set however across a sprawling 4,000 plus sqm site, an amalgamation not seen since the 1980s. Drew Group will reduce&nbsp;the seven existing cross overs to just three.

The towers&nbsp;will be linked by a central resort-style heated swimming pool and spa area, hence the name Lagoon. Here will also be barbecue areas, pool lounges, and a 65 sqm gym with treatment rooms.

[smartcode_project:default project_id=108747 project_image_fid=188180]

Tower 1 will be the larger of the two towers, soaring 31 levels in to the sky and having 137 apartments. It&#39;s a mix of 100&nbsp;two-bedroom apartments, which start from 91 sqm of internal space, and 34 three-bedrooms which start from 154 sqm of living area. The typical floorplan will see five apartments per floor, up until level 27, where the larger three-bedroom sub-penthouses start.

The three four-bedroom penthouses&nbsp;start from level 30 and are spread across two levels.&nbsp;The ground level homes three of the four bedrooms, as well as the kitchen living and dining space. Upstairs is the master suite, a media room, and a huge terraces reaching over 100 sqm terrace with outdoor kitchen, dining area, and private plunge pool.

Tower 2 will rise 23 levels and have 111 apartments, a breakdown of 89 two-bed apartments and 22 three-bedders.

Both will have level 15 residential lounge, where there will be a focus on the new work from home life, with a number of work from home booths, a meeting room,&nbsp;multi purpose rooms&nbsp;and terraces.

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Drew Group appointed Plus Architects to design the development with sustainability, environmental, infrastructure and urban renewal at the forefront of their brief resulting in a well crafted design that answers the needs of modern apartment living.

The towers have been oriented to maximise the views by Plus, who say it&#39;s all about the water.

&quot;[It&#39;s] beach side living with resort-style lifestyle&quot;, Plus wrote in their submission to the Gold Coast City Council.

&quot;The design is approached with simple vision inspired by the rolling waves and soft natural forms of the coastline,&quot; the executive summary by Plus read.

&quot;The towers are shaped to enhance the visual experience of its residents, forming undulating waves along the Northern and Southern facades generating a highly articulated form. The stagger of building form direct views from each apartment, providing a curated experience of the coastline and hinterlands.&quot;

The towers will be set in landscaping by&nbsp;FORM Landscape Architecture, who have focused on the landscape vision to connect to the poolside, create a statement identity on arrival, instal vertical greenery on the tower, and engage ground landscape and street interface.

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<h2>Executive Summary</h2>

The design is approached with simple vision inspired by the rolling waves and soft natural forms of the coastline. The towers are shaped to enhance the visual experience of its residents, forming undulating waves along the Northern and Southern facades generating a highly articulated form.

The stagger of building form direct views from each apartment, providing a curated experience of the coastline and hinterlands. These elegant forms are reinforced by adopting a refined and timeless palette.

The proposed design provides a high level of lifestyle and amenity with generous recreational facilities on the podium including an expansive lagoon inspired pool and spa with integrated lounges and cabanas linking the two towers. Connected to this is a gymnasium, BBQ and dining areas. Additional recreation space punctuates the tower forms at the 15th level offering all residents access to work from home suites, shared lounges and terraces to further experience the expansive views.

This document is to be read in conjunction with the development application report prepared by UPS for the development of a 2 tower, 23 and 31 storey residential development at 11-23 Cronin Avenue, Main Beach. The locality contains a mixture of existing and future developments up to 36 storeys.

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<h2>About the developer</h2>

Drew Group have been delivering apartments across SEQ for the last 15 years. Drew Group is a family owned property development and investment company that has been operating in Queensland since 1982. Jonathan Drew has been managing director of the company since 2005.

&ldquo;Our focus on opportunities has been market driven, giving us a wide scope of experience across a range of project types including residential, retail, commercial and hotel developments,&quot; Drew Group note.

&ldquo;As a group we focus on attention to detail with all our projects and look for opportunities to exceed in design, location and results. Through a very &ldquo;hands on&rdquo; approach to all aspects of the development process we manage to successfully obtain optimal outcomes for our buyers and investors.&rdquo;

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Lagoon Main Beach will be a higher density project for Drew Group, homing 248 apartments across two towers

First look exclusive: Drew Group submit plans for two-tower apartment development, Lagoon Main Beach

Located&nbsp;at the northern tip of the Gold Coast, the affluent, residential suburb of Main Beach is an enviable location for budding investors and families who love the beachside lifestyle.

Just walking distance from some of the region’s most iconic beaches, dining precincts and celebrated recreational venues, it provides convenient access to everything this relaxed beachside location has to offer.

Although demographics point to a large portion of established independents, youth and elderly singles, families moving to Main Beach have been steadily growing.

This is all thanks to the convenience of living close by the Marina Mirage, which has an array of boutique shopping and waterfront dining experiences.

The area is also home to two of the Gold Coast’s most luxurious five-star hotels, the Sheraton Grand Mirage Resort and the decadent Palazzo Versace.

Over the past year alone, two-bedroom units in Main Beach have seen weekly asking prices grow 17.0 per cent, according to SQM Research.

This is significant when compared to Brisbane’s 12-month change of 6.5 per cent for two-bedders.

Urban takes a look at the top Main Beach apartments for sale on Apartments.com.au.

1. Lagoon Main Beach 
Developer: Drew Group

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Set to be the largest Main Beach development since the 1980s, Drew Group’s Lagoon will be set over a large amalgamated 4,000sqm site.

Designed by Plus Architecture and From Landscape Architects, the development will boast 248 apartments spread across two towers, rising 23 and 31 levels.

Residents will also have access to a range of luxury amenities, including a central lagoon-style pool and spa, complete with integrated cabanas and deck chairs.

2. La Mer 
Developer: Polites Property Group &amp; QNY Group

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Ideally located in the heart of Main Beach, La Mer boasts luxurious three and four-bedroom apartments with spacious floorplans exceeding 307sqm.

Designed by Archidiom, the residences feature two ocean-view balconies, a large walk-in pantry, spacious separate laundry and dedicated storage areas.

Among the development’s communal recreational facilities include a 13-metre pool, barbeque facilities, private sun lounges and a yoga lawn.

3. Pearl Main Beach 
Developer: Raptis

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Located at 3550-3552 Main Beach Parade, Pearl rises 30 floors and boasts 80 two and three-bedroom residences.

Pearl Main Beach offers a striking architectural presence and includes an exquisite lobby, rooftop pool and easy beach access.

Each residence maximises expansive views with floor-to-ceiling windows, while clean lines and a gentle palette inspire harmony and relaxation.

4. Midwater 
Developer: Heran Building Group

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Boasting 165 residences in one, two and three-bedroom configurations, Midwater apartments are now available in Main Beach.

Designed by Cottee Parker Architects, the development boasts stunning interior design, resort-style amenities and picturesque views year-round.

Resident facilities include fully-automated valet parking, a beachfront infinity lap pool, smart home automation, rooftop pool, wellbeing centre and beach access.

5. Belvedere 
Developer: Winten Property Group

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Belvedere is yet another addition to the growing, rich history of Main Beach, as the largest new residential block on Tedder Avenue.

Located just 300m from the beach and a massive 2,655sqm site, the refined and sophisticated façade reflects the quality of residences within.

Amenities include 24-metre lap pool, grand entrance, grand lobby, four-storey atrium, rooftop pool and resident dining spaces.

Over the past year alone, two-bedroom units in Main Beach have seen weekly asking prices grow 17.0 per cent, according to SQM Research

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Top five Main Beach apartments for sale on the Gold Coast

A locked-down Sydney buyer has snapped up the penthouse in the Gold Coast&rsquo;s own apartment principality &ndash; The Monaco &ndash; for $9.5 million, as developer Ignite Projects pushes forward with construction next week ahead of an imminent sell out.

The Monaco, which has been two years in the making, is being developed by Ignite Projects and built by McNab Builders, opposite the Southport Yacht Club at the doorway to the much-loved Spit.

The Sydney-based buyer of the expansive two-level 630 sqm penthouse was impressed by the design and unrivalled location, and plans to use it for his &lsquo;forever home&rsquo;.

The penthouse sale caps off a buying rush with all but one of the 24 residences in the $110 million building sold with an average sale price of $4.6 million.

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Ignite Projects managing director Josh Foote said buyers in the opulent development will have the veritable keys to the kingdom when construction is completed in 2023.

&ldquo;The Monaco in many ways represents the renaissance of Main Beach, with the building replacing an aging unit block and a well-known house, referred to locally as the &lsquo;container home&rsquo;,&rdquo; Mr Foote said.

&ldquo;The building is setting a new standard for the suburb, which is getting a well-deserved facelift thanks to the $205 million revitalisation of the Spit to turn it into the Gold Coast&rsquo;s version of Hyde Park and a 300-berth marina at The Southport Yacht Club.&rdquo;

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Mr Foote said buyers have been attracted to the attention to detail and customisation options available in the residences.

&ldquo;Buyers can customise their apartment, including their entire kitchen and have access to first-class facilities including a 24-metre heated pool alongside a private dining area and virtual golf simulator,&rdquo; he said.

&ldquo;I liken each apartment to an art gallery because of the thought that has gone into every aspect from the Greek marble and Spanish handmade wall tiles in the ensuite through to the designer cocktail bar and fluted columns throughout. It is all about luxury and refined living.&rdquo;

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Andrew Erwin, of NPA Projects, who is marketing The Monaco, said buyers are responding to the enhanced level of amenity on offer.

&ldquo;Each apartment in The Monaco has the feel of a penthouse with unrivalled luxury,&rdquo; Mr Erwin said.

&ldquo;The apartments in The Monaco have sold really well and to be almost sold out before construction even starts is an amazing achievement.&rdquo;

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&ldquo;Buyers have come from interstate and locally within Main Beach, which is the home of luxury apartment living on the Gold Coast.

&ldquo;The median apartment sale price in Main Beach in May was $795,000 &ndash; more than $300,000 above the Gold Coast median of $458,000.&rdquo;

The Monaco contains a collection of 25 full-floor and half-floor residences at 2-4 MacArthur Parade, Main Beach.

Andrew Erwin, of NPA Projects, who is marketing The Monaco, said buyers are responding to the enhanced level of amenity on offer.

Construction begins at The Monaco, Main Beach apartment tower, as penthouse sells for $9.5 million

The luxury Main Beach apartment tower The Monaco is set to begin its construction next month, with the biggest drawcard for buyers being the customisation on offer.

For Helene Omeros, whose family owns and runs the multi-award winning Omeros Brothers Seafood Restaurant at Marina Mirage around the corner, and her husband&nbsp;Charles Millard, it was the option to completely customise their kitchen.

The couple are downsizing after buying a three-bedroom, three-bathroom apartment on the 11th level of The Monaco,&nbsp;which is being developed by local developer Ignite Projects and designed by Rothelowman.

&ldquo;We&rsquo;re a close family and we spend a lot of time cooking and eating together so having the ideal kitchen is so important to us,&rdquo; Omeros said.

Omeros Brothers is a Gold Coast icon with the Omeros family having operated some of the country&rsquo;s leading restaurants for more than 40 years.&nbsp;

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Millard said it is very important as the kitchen lends itself not just to the practicalities of cooking but entertaining as well.

&ldquo;The kitchen is always the focal point of entertaining at least for the first hour after guests arrive,&rdquo; he said.

&ldquo;That&rsquo;s why we want to be interacting with our guests rather than having our backs to them while we use the cooktop and ovens. &ldquo;We find it works best if the ovens and cooktop are built into the island bench facing the living area so that way the entertaining flows perfectly.

He said key features for the couple will include gas cooktops, two fridges and two over-sized ovens as well as a generous butler&rsquo;s pantry.&nbsp;Omeros said they will be sure to consult her dad and brother on the design on the kitchen before it gets built.

Andrew Erwin, of NPA Projects, said the customizable kitchen is one of the key drawcards for people buying in The Monaco.

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&ldquo;People love working with our concierge team and the kitchen designers to design the kitchen they&rsquo;ve always wanted but until now been unable to have in an apartment,&rdquo; he said.

&ldquo;Combined with the fact it is a boutique building with a recreation space complete with a 24-metre heated pool alongside a private dining area and virtual golf as well as stunning views from every apartment adds up to The Monaco being the complete package.&rdquo;

Omeros said, as well as the&nbsp;customizable kitchen option, the amazing location and unbeatable views incorporating the Broadwater and ocean were key reasons for purchasing in The Monaco.

&ldquo;We don&rsquo;t get Broadwater views at our current building so that&rsquo;s a lovely change. The Monaco is also close enough to walk to my job at the family restaurant,&rdquo; she said.

&ldquo;I&rsquo;ve lived in Main Beach for six years and it has definitely grown on me, and my husband, who has been in Main Beach for over 18 years. It will be even better when we move into The Monaco.&rdquo;

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Millard said he loves the &ldquo;village vibe&rdquo; of the suburb.

&ldquo;People are so nice here in Main Beach. It is a more mature area, but we do have younger people moving in.

&ldquo;The suburb has also historically held its value better than Broadbeach and Mermaid Beach during past downturns. We&rsquo;re now getting national press that Main Beach is where there is huge demand and not enough stock and that will keep going into next 
year.&rdquo;

The Monaco is a 24-level north-facing apartment building with a collection of luxury full-floor and half-floor residences at 2-4 MacArthur Parade, Main Beach.

Three-bedroom, three-bathroom apartments, with two multi-purpose rooms, are priced from $4.45 million with construction by McNab due to start this September.

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Andrew Erwin, of NPA Projects, said the customizable kitchen is one of the key drawcards for people buying in The Monaco

Customisable options the biggest driver for The Monaco, Main Beach apartments buyers

The veteran Gold Coast developer Raptis has launched sales at its latest Main Beach apartment development, the $160 million Pearl, Main Beach.

The 30-level tower at 3550-3552 Main Beach Parade will have 80 apartments, including&nbsp;a luxury two-level penthouse.

Pearl, Main Beach, is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis who started the company in Sydney&nbsp;back in the mid 1960s.

Raptis&nbsp;said they&#39;ve been waiting for the right site to enter Main Beach.

&quot;With the reinvigoration of Main Beach and the growing owner-user market, we&rsquo;ve been looking for the right location for our involvement in the suburb,&quot;, Raptis said.

&quot;We&#39;ve found it with Pearl, which we&rsquo;re very excited to bring to Main Beach.&rdquo;

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Raptis believed the current property cycle offered unique opportunities for buyers to secure a sought-after Main Beach lifestyle.

&ldquo;Empty-nesters, wherever they are located, are achieving more for their homes at the point of sale, providing them with the liquidity to secure a Main Beach lifestyle. It&rsquo;s a great moment for the Gold Coast and we&rsquo;re excited Pearl, Main Beach will offer a lifestyle many residents thought was out of reach.&rdquo;

The two-bedroom, two-bathroom Pearl apartments that span 85 sqm start from $749,000. The three-bedroom, 140 sqm&nbsp;apartments are priced from $1,345,000.

Residents will have access to the rooftop swimming pool and recreational facilities with skyline views. On the same level is a dining area with wine cellar, available for private bookings.

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A super penthouse crowns the top two levels. It will have over 700 sqm of living space with four bedrooms, its own private pool, multiple living areas and an opulent library. The whole floor apartment will have 360-degree views from the beach to the hinterland.

The price is yet to be finalised, however it is expected to&nbsp;to rival the Soul penthouse which recently sold for over $14,000 per sqm, suggesting a sale of the Pearl penthouse at around the $10 million mark.

There will be&nbsp;two further skyhomes with 550 sqm of living space and&nbsp;12 sub-penthouses, priced from $1.975 million.

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Construction is underway and is expected to be completed in August 2022.

To the end of 2020, Queensland recorded the highest rate of net interstate migration of any state, according to the ABS. Over 30,000 additional residents were drawn to Queensland due to the state&#39;s response to COVID-19

Raptis joint managing director Evan Raptis said the Gold Coast had recorded strong price growth against the backdrop of the pandemic.

&ldquo;Compared to the East Coast capitals, the Gold Coast still offers discernible value to buyers &ndash; especially for those that seek to elevate their lifestyle,&rdquo; Raptis said, adding that Pearl, Main Beach would appeal to a broad base of buyers.

About Raptis

Raptis is a Queensland-based development company jointly led by Jim and Evan Raptis. Raptis has been an innovator of style and functionality across integrated residential, resort, retail and commercial development.

Over more than 40 years, it has created more mixed-use developments than any other Gold Coast development company, including the landmarks Tower of Chevron Renaissance, Southport Central and the Phoenician.

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Pearl, Main Beach is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis



Raptis launch Pearl, Main Beach apartment tower amid booming Gold Coast market

The local Gold Coast developer Winten Property Group has already secured over 60 per cent of its apartment sales in their latest Main Beach tower, Belvedere.

That&#39;s seen construction of the 24-level tower at 25 Woodroffe Avenue fast-tracked, with Hutchinson Builders now kicking off the build of the 127 apartment&nbsp;building&nbsp;toward the start of October

Winten&#39;s national head of residential sales Karl Rameau said the line share of buyers have been locals that already live in the area, as well as those from interstate who already own.

Rameau says nature of the site and the sheer size of the BDA Architecture-designed building and the apartments has been a defining difference for buyers.

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&quot;It&#39;s a fairly big building on a generous block of land&quot;, Rameau said.&nbsp;

&quot;A lot of 27-level buildings are on anywhere between 500 sqm and 1000 sqm, but Belvedere is on 2,655 sqm which gives residents a higher level of movability around the building.&quot;

Rameau says the apartment sizes have been attractive with the downsizer.

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&quot;The two-bedroom apartments have 120 sqm to 130 sqm of living space, which is generous for the Gold Coast these days&quot;, Rameau suggests, with the two-bed apartments starting from $780,000 and three-bedrooms from $1,075,000.

There are a handful of skyhomes rom $1.56 million and five terraces from $2.2 million.

&quot;The bulk of sales have been between that $800,000 to $1.5 million mark to the owner-occupier.&quot;

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The Woodroffe Avenue tower is just 100 metres to Tedder Avenue, 300 metres to the beach and 450 metres to the closest tram stop.

There&#39;s a 24 metre lap pool with cabanas and daybeds.

The development is across the road from White, the owner-occupier focused apartment block of just 27 full floor apartments.

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Winten's national head of residential sales Karl Rameau said the line share of buyers have been locals that already live in the area



Winten secure 60% sales in Main Beach apartment tower Belvedere

The Heran Building Group have focused on the residents amenities at its Gold Coast development Midwater, nestled between Main Beach and the Nerang River.

Designed by Cottee Parker Architects, the apartments have been designed as a collection of open light-filled spaces with seamless connection to the natural environment.

There are 106 apartments in the 38 level tower at 3496 Main Beach Parade, with the amenities crowning the development.

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The amenities include an infinity pool, smart home automation a fully equipped well-being centre with gym, outdoor yoga, steam &amp; sauna facilities plus a great selection of world-class amenities nearby.

Resort-style luxury is further curated through durable fixtures and fittings enhanced by warm lighting.

The open plan kitchen, living and dining&nbsp;areas open&nbsp;to large entertaining terraces, while full height glass sliding doors and louvres open to allow cooling breezes inside.

Additionally, smart home automation gives residents easy access to an integrated system of devices designed for comfort, security and convenience. Lighting, audio and video, blinds, air-conditioning and security are all controlled by your all-in-one touch screen, remote or smart phone.

&nbsp;

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Midwater offers both beach and riverfront access. There&#39;s also a fully automated valet.

Prices start from&nbsp;$649,900 for a one bedroom apartment, $849,900&nbsp;for a two bedder and&nbsp;$1,779,900 for a three bedroom apartment.

A limited number of residences are on offer with breathtaking sea views, stunning interior design and luxurious resort-style amenities

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