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;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<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;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<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.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<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.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

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.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

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.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Main Beach

The Monaco is the set to take centre stage at Main Beach on the Gold Coast when it&#39;s completed at the end of 2022.

The 24 level, glass-wrapped tower&nbsp;designed by Rothelowman&nbsp;will home just six half floor apartments, 17 full floor apartments and a double storey penthouse.

Urban sat down with Josh Foote, managing director of&nbsp;Ignite Projects who are developing the building,&nbsp;to discuss the project.

JR: What are the highlights of The Monaco and what do you think will attract buyers to the project?

JF: The Monaco offers a level of luxury rarely seen in apartments on the Gold Coast. We offer the ability to customise large sections of the 388m2 apartment to really make the home perfect for you. Every buyer can completely design their own dream kitchen, with the expertise of our interior designer on hand.&nbsp;

[smartcode_project:default project_id=26730 project_image_fid=83445]

JR: Why did you choose to target the ultra-luxury buyer? Did you see a gap in the market?

JF: I saw the emergence of some ultra-luxurious apartments in our capital cities and realised no-one was delivering this level of project apartment on the Gold Coast.&nbsp; We have some amazing houses here, but the downsizers were selling these and had no comparable apartments to move to.&nbsp; I wanted to offer the next level for apartment living and really raise the bar for Gold Coast apartments.

[smartcode_project:default project_id=26730 project_image_fid=83448]

JR: What did you like about the site?

JF: I just felt like Main Beach was ready for its resurrection and the renaissance was imminent, so I had my focus there.&nbsp; When this site popped up, I knew it offered the best of both the Marina and ocean views and the best thing is the views will never be built out.&nbsp; It ticked so many boxes for a sellable high-end location.

JR: What was the brief for Rothelowman?

JF: Celebrate the views. Bring the &lsquo;wow&rsquo; and push the design limits of a 6-star luxury hotel.

[smartcode_project:default project_id=26730 project_image_fid=83447]

JR: Why the name &lsquo;The Monaco&rsquo;?

JF: The name refers to a number if elements that all relate the principality of Monaco.&nbsp; When anyone thinks of Monaco they think of luxury and that is what our building will always have with the quality we have invested and the calibre of our buyers.&nbsp; The original idea with the sky garage and sports cars tied in with the Monaco Grand Prix and even now the calibre of the cars that will be parked in the garage will still reflect the style and quality of European motor racing.

[smartcode_project:default project_id=26730 project_image_fid=83446]

JR: Who do you think will be most interested in The Monaco?

JF: Our current buyers come from all parts of Australia but they all have one thing in common, a taste for quality and style.&nbsp; This building appeals to people who are looking for a really high level of quality and something that is quite unique from other projects.&nbsp; They will, like The Monaco, stand out from the crowd.

JR: What made you choose the Gold Coast after success in New Zealand?

JF: I was looking for a change, and a location that had good project opportunity, great weather, friendly people and an amazing lifestyle, which is hard to find.&nbsp; I&rsquo;ve travelled extensively all over the world and there are very few places that match the GC.

JR: Do you have any other projects in the pipeline?

JF: After the recent sell-out of Cabana in Palm Beach and the imminent sell out of The Monaco, naturally I&rsquo;m looking for another project, especially in the current climate.&nbsp; It&rsquo;s a competitive market out there right now but there are a couple of great beach front sites I&rsquo;m working on.&nbsp; It&rsquo;s all about the sand for me.

The 24 level, glass-wrapped tower designed by Rothelowman will home just six half floor apartments, 17 full floor apartments and a double storey penthouse

What buyers need to know about The Monaco: Five minutes with Ignite Projects director Josh Foote

The property development firm Polites Property Group, in a joint venture with construction company Descon Group Australia, have lodged plans for a $95 million tower&nbsp;on the Gold Coast&#39;s Main Beach.

Polites, ran by the Polites brothers Alex and Marcus, have an interest in the luxury Palm Beach development Cabana, while Descon are set to start construction on the luxury Southport development Waverley this year.

The Main Beach project to be known as La Mer, at 3580 Main Beach Parade&nbsp;on the west side of the street not fronting the beach,&nbsp;will home 28&nbsp;single level&nbsp;apartments designed by the local architecture firm Archidiom, as well as a large penthouse.

[smartcode_project:default project_id=95606 project_image_fid=164808]

Archidiom are also&nbsp;behind a tower at 3550 Main Beach just up&nbsp;the road, as well as Aniko&#39;s Grant Avenue, Hope Island development and Sea at Palm Beach.

The 751 sqm site is currently home to the 1980s three-storey apartment building Denver Court.

The development application package from Archidiom suggested the project takes&nbsp;the opportunity for the design of a contemporary, innovative subtropical building to provide a &lsquo;relaxed beachfront&rsquo; living.

[smartcode_project:default project_id=95606 project_image_fid=164806]

&quot;The development will contribute positively to the character of the area by replacing the existing tired low rise building with a project displaying fresh, simple architectural lines to create modern urban living,&quot; the submission read.

&quot;The large liveable apartments which maximise natural light and cross ventilation through the provision of spacious living and balcony areas will be appealing to a large demographic of potential buyers.&quot;

The typical floor plan will be two three bedroom apartments, both orientated towards&nbsp;the north-east and south-east ocean views.

[smartcode_project:default project_id=95606 project_image_fid=164809]

There will be a two level recreational level on level three.

The building will feature a podium which is&nbsp;articulated with grand curvilinear arches and flying canopies and planters to respond in scale to the surrounding streetscape character, with shade provided for through a recessed&nbsp;east facing lobby.

Construction is reported to commence in May next year.

The 751 sqm site is currently home to the 1980s three-storey apartment building Denver Court

Tower reveal: Polites Property Group and Descon lodge plans for Main Beach tower La Mer

The Monaco is set to be Main Beach's most luxurious tower when it's completed at the end of 2022.

The 24 level tower, designed by Rothelowman and delivered by Ignite Projects,&nbsp;will comprise&nbsp;six half floor apartments, 17 full floor apartments and a&nbsp;double storey penthouse.

Urban has taken a look at six reasons why The Monaco should be on a buyers shortlist.&nbsp;

[smartcode_project:default project_id=26730]

1. The Developer

The Monaco is being developed by Ignite Projects, who pride themselves&nbsp;on delivering innovative, memorable and quality developments.

Led by managing director, Kiwi&nbsp;Josh Foote, Ignite&nbsp;have had success on the Gold Coast before and currently have another development selling at Palm Beach.

They completed the luxury Palm Beach development Periscope&nbsp;in 2019 and are currently behind the <a href="/news/qld/eight-reasons-palm-beach-apartment-development-cabana-should-be-on-your-shortlist">boutique development Cabana nearby</a>.

Ignite had success in New Zealand in Auckland in 2017 and 2018, creating 19 apartments at Alba Takapuna and 20 apartments in the development Aria.

2. The Architect

The award-winning architecture firm Rothelowman have designed The Monaco. They say&nbsp;the unique location provides for an uninterrupted panoramic aspect taking in The Spit, the Broadwater, Main Beach and the Moreton Bay Islands.&nbsp;

<a href="/buildings/the-monaco-main-beach-2-4-macarthur-parade-main-beach"><img alt="" data-entity-type="" data-entity-uuid="" height="783" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_monaco_view.jpg" width="1800" /></a>

"The relatively modest scale of the site contributes to the potency of the project by allowing for a boutique luxury residential offering, comprised of full-floor single and double-storey sky-villas," the architecture firm describe the project.

"The approach to the design has been one seeking clarity and simplicity, allowing for the natural attributes of the location to take precedence. This focus is true for both the internal amenity of the dwellings but also the way in which the architecture contributes to the&nbsp;urban realm at both the immediate and macro scales."

3. The Location&nbsp;

The Monaco is located at 2-4 Macarthur Parade, outside of the hustle of Surfers Paradise but only a short stroll to the central hub Tedder Avenue.

To the east of the development, across the road is&nbsp;Main Beach Pavilion cafe, as well as the Southport Surf Life Saving Club and the sands of Main Beach.&nbsp;

To the west is the Southport Yacht Club where there's the Waterfront Restaurant located beside Jack Gordon Park.

4. The Facilities

Residents will have access to a 24 metre heated pool, bordered by daybeds and set in lush rainforest foliage.&nbsp;

There's a barbecue and dining area with built in seating. Adjacent is The Monaco's wellness studio comprising a gym, pilates reformer beds, an inverted yoga bench, a steam room and a treatment room.

One whole floor of the Monaco has been dedicated to private storage for each resident, while there's also a virtual golf room and pet grooming room.

<a href="/buildings/the-monaco-main-beach-2-4-macarthur-parade-main-beach"><img alt="" data-entity-type="" data-entity-uuid="" height="899" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_monaco_palm_beach_1.jpg" width="1600" /></a>

5. Customisable kitchen

Off the plan buyers will have the opportunity to create their own kitchen in their new apartment, working with The Monaco's exclusive kitchen designer.

An island bench forms the focal point of the kitchen which will be kitted out with VZUG appliances and feature storage equipment behind textured natural travertine stone cabinetry.

Each kitchen will have a butler's pantry at the rear.

<a href="/buildings/the-monaco-main-beach-2-4-macarthur-parade-main-beach"><img alt="" data-entity-type="" data-entity-uuid="" height="888" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_kitchen_the_monaco_3.jpg" width="1600" /></a>

6. The master suite

A full quarter of the apartment is dedicated to the master suite.

Making up the master suite is the bedroom, a dressing area with a marble make-up counter and double full-height mirrors.

The statement walk-in-wardrobe is flanked on two sides by&nbsp;floor-to-ceiling tinted glass cabinets.

<a href="/buildings/the-monaco-main-beach-2-4-macarthur-parade-main-beach"><img alt="" data-entity-type="" data-entity-uuid="" height="1185" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_monaco_palm_beach_wir.jpg" width="1600" /></a>

The Monaco’s master ensuite features a semi-outdoor space that creates a&nbsp;connection with the coastal vistas.

The open-plan design allows for abundant natural light, while the opulent curves of the extravagant marble vanity and the stone, free-standing bath give the bathroom a luxury&nbsp;appeal.

The 24 level tower, delivered by Ignite Projects, will comprise six half floor apartments, 17 full floor apartments and a double storey penthouse.



Six reasons why The Monaco at Main Beach should be on a buyers shortlist

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The Gold Coast's Main Beach is set for a new 24 level apartment tower.

Gallagher Property Group, led by New Zealander Dean Gallagher, have secured approval for the apartment tower at 16 Hughes Avenue.

Plus Architecture have designed the building which will comprise 42 three bedroom apartments and two four bedroom apartments spanning the top two levels.

"Our team was inspired by the nature surrounding the Gold Coast including the flora, and land forms," the submission to the Gold Coast City Council from Plus Architecture read.

"By combining the local native tree forms with the fluid forms of the ocean, we’ve created a series of residences protected by curved canopies formed out of linear battens creating both privacy but also screening to the Wester sun while creating visual interest, exaggerating the horizontal ocean views, and allowing for the light an shadow to come into the units in a variety of interesting ways through out the day.

<img alt="" height="787" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hughes_avenue_main_beeach_2.jpg" width="620">

"These canopy forms rest on a solid rock base made of horizontal bricks."

The development will sit in landscaping by Shepherd Urban Landscape Architecture.

Level one will home the resident amenities, which include a spa and spa deck, sauna, lap pool, barbecue area, residents lounge, gym and a yoga space. There will be three levels of basement parking.

The impressive sub penthouse and penthouse will each have four bedrooms, a home office and a self-contained area and span the whole floor of the 23rd and 24th level.

The penthouse will feature its own rooftop terrace complete with private gym, kitchen and wine storage, dining area, fire-pit and day beds as well as a pool.

Gallagher's investment vehicles paid $6.8 million for the 1,062 sqm Hughes Ave site late last year. On the property was a block of five apartments and a single level cottage. 
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Gallagher Property Group, led by New Zealander Dean Gallagher, have secured approval for the apartment tower at 16 Hughes Avenue.

Take a look at Main Beach's newest apartment tower

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White will be a landmark building on the skyline of the Gold Coast and a welcome modern addition to the Main Beach scene boasting an exclusive selection of full-floor apartments and a multi-level penthouse.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/white-24-26-woodroffe-avenue-main-beach" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/white-24-26-woodroffe-avenue-main-beach-e76220cffd2dd41f05e7f81d455f142d.jpg?itok=f5je6-xf" style="width: 580px; height: 327px;"></a></figure>Each full-floor apartment is incredibly spacious at 325 sqm. Complete with three bedrooms, three and a half bathrooms, two large living areas and an unmatched, spacious verandah, perfect for entertaining family and friends before a beautiful ocean view.

Every apartment has a lift to lounge elevators and two side by side car parking spaces. 
The kitchens are another stand-out feature, designed to be an entertainers dream with a large scullery.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/white-24-26-woodroffe-avenue-main-beach" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/white-24-26-woodroffe-avenue-main-beach-f32f6137516b35c1db17c9ad878d80ad.jpg?itok=gVXYWBoL" style="width: 580px; height: 326px;"></a></figure>Live a tranquil lifestyle in the heart of everything, only moments from the stunning Main Beach at White. White offers all the elements essential to modern apartment living - luxury, location, privacy and security.

White Main Beach Residences will be a landmark building on the skyline of the Gold Coast and a welcome modern addition to the Main Beach scene boasting an exclusive selection of full-floor apartments and a multi-level penthouse.

Enjoy the best Main Beach has to offer, only moments from Tedder Avenue, and the vibrant restaurants, cafes, bars, clubs and nightlife of Surfers Paradise. Southport’s commercial district is full of quirky shops and all of your daily needs.

Located steps from the iconic Tedder Avenue and the gorgeous Main Beach, White offers all the elements essential to luxurious apartment living - luxury, location, privacy and security.
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urban.com.au

Stunning full-floor apartments overlooking the Gold Coast Hinterlands.

Apartment sellers in the luxury Main Beach block Sea have joined the windfall gains kicked off by the off the plan buyers three years ago.

The sixth level sub-penthouse in the boutique block of just seven whole floor apartments has just sold for $6.3 million, some $800,000 higher than it was bought for just eight months ago.

The whole floor apartment spans 365 sqm and has three ensuited bedrooms, a home office and a media room.

<img alt="" data-entity-type="" data-entity-uuid="" height="796" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sea_main_beach_2.jpg" width="1200" />

The sale was secured in just 15 days by Ray White Surfers Paradise agent Robert Graham, to a local couple from the Gold Coast.

Investors will no doubt be looking to some of Main Beach’s high end apartment developments given the resale value which Sea, on the beachfront Main Beach Parade, has seen in recent years.

The majority of Sea’s off the plan buyers have seen huge price gains when re-selling their apartments following its mid-2018 completion.

<img alt="" data-entity-type="" data-entity-uuid="" height="802" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sea_main_beach_3.jpg" width="1200" />

Most off the plan sales took place in early 2018, a few months before the Bayden Goddard-designed block was completed.

The second level apartment sold for $3.3 million in early 2018, and less than 15 months later when completed sold for $5 million. It traded again last year, bought for $5.35 million by the Dominos Pizza boss Don Meij.

<img alt="" data-entity-type="" data-entity-uuid="" height="787" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sea_main_beach_4.jpg" width="1200" />

Apartment five, another which sold for $3.3 million off the plan in 2018, sold last year for $5.5 million, a $2.2 million gain in just two years.&nbsp;

It was sold by Brittany Eastment, wife of car dealer Greg Eastment, the latter still owning the ground level after his $3.5 million off the plan buy.

The whole floor apartment spans 365 sqm and has three ensuited bedrooms, a home office and a media room.

Main Beach apartment complex Sea secures $6.3 million sub-penthouse sale

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A Main Beach, Queensland Penthouse has been listed for $7.2 million.

Located at the top of the Marquis on Main a residential only tower, it holds sweeping beach and ocean views.

Situated at 42/11 Peak Avenue the penthouse comprises five-bedrooms and four-bathrooms across 868 sqm.

The building features resort style facilities and is within walking distance of innumerable amenities, beaches and transport options.

The abode is currently being listed through Fox's Real Estate.

Built in 2003, the home has been on and off market, mostly on, since 2013 seeking as low as $5.95 million in 2018/2019 but has yet to sell. It was briefly listed in June last year at $6.7 million.

For sale in the same building is unit 11, on market since May last year, seeking $2.875 million. It last sold for $950,000 in 2012.

Construction was started in 2002 by FKP of its $45 million Marquis on Main tower at Main Beach after achieving unconditional sales of about 50 per cent with early deals including the sale of a whole-floor sub-penthouse for $1.75 million.
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Built in 2003, the home has been on and off market, mostly on, since 2013 seeking as low as $5.95 million in 2018/2019 but has yet to sell

Marquis on Main Beach penthouse listed for $7.2 million 

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Businesswoman Katie Page’s Gold Coast boutique beachfront development at Main Beach, M3565 has secured its biggest sale to date.

A NSW buyer has spent $5.75 million on their 315 sqm fifth floor apartment.

The sale is the third in 2020, with two lower-floor apartments selling at $4.4 million and $4.75 million.

Robert Graham, of Ray White Prestige, advised there was just the one remaining apartment available in the complex where the Harvey's retain a bolthole given ongoing Magic Millions commitments.

<img alt="" height="1315" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/m3565_1.jpg" width="2000">

During its marketing Graham suggested M3565 had knocked Jade, previously the Gold Coast’s premier apartment block, from its mantle.

Like everything she turns her mind to, M3565 proved to be a cut above anything else seen on the Gold Coast.

Part of that stems from the fact that Katie Page and her husband, Gerry Harvey, are long time Main Beach devotees, so she knew the likely buyer needs.

There are seven apartments in the boutique Virginia Kerridge-designed building at 3565 Main Beach Parade.

<img alt="" height="1505" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/m3565_2.jpg" width="2000">

The typical whole floor apartments come with four bedrooms and four bathrooms.

Excluding the two level penthouse, the apartments were initially priced between $5 million and $7 million.

The remaining sixth floor apartment will be marketed at more than $6 million.

The previously highest sale was $5.5 million for the fourth floor apartment in 2018 which ranked as the highest price paid for a beachfront apartment in the Gold Coast that year.

Page bought the 882 sqm site for $15.5 million in 2007 and when they formally hit the market in 2017, Page announced she was keeping the two level penthouse.

<h2>Developments Nearby</h2>

<h2>White, Main Beach</h2>

Address - 24-26 Woodroffe Avenue, Main Beach

Less than 300 metres from the beach and offering a more affordable luxury apartment is White.

The McNab developed, WMK Architecture-designed tower is offering 325 sqm full floor apartments. Each apartment has three bedrooms, three and a half bathrooms, two living areas and a verandah.

Prices start at $2.2 million for the apartments which all feature a lift to lounge elevators and two side by side car parking spaces.

<img alt="" height="1490" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/white_main_beach.jpg" width="2000">
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Businesswoman Katie Page’s Gold Coast boutique beachfront development at Main Beach, M3565 has secured its biggest sale to date

Katie Page secures biggest M3565 sale at Main Beach

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Gold Coast-based developer Ignite Projects have appointed McNab Construction to build their 25 level Main Beach project, The Monaco. 
The <a href="/buildings/the-monaco-main-beach-2-4-macarthur-parade-main-beach">Monaco at 2-4 MacArthur Parade</a> will home 25 half and full-floor residences, adjacent to the Southport Marina. 
Designed by Rothelowman, the new tower will feature the Southern Hemisphere’s first car elevator to apartments, sky garage and a custom-designed kitchens for each buyer. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/12/The%20Monaco%203.jpg" alt="">
Apartments in the Monaco will offer up to 362 sqm of living space, a communal 24-metre heated pool and an additional multi-purpose space, as well as the sky cave.
One whole floor of the Monaco has been dedicated to private storage space.
"McNab has a brilliant track record for delivering projects that exceed all expectations in terms of quality and deliverables, so they are a good fit for our project team,” Ignite Projects’ Josh Foote said. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/12/The%20Monaco%202.jpg" alt="">
Construction is expected to take 20 months to complete and will begin around mid-next year. 
The project is expected to support over 200 construction jobs a day during peak times, McNab Construction manager Mark Jewell said. 
 
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Builder appointed for new luxury Gold Coast development The Monaco

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Shafston International College founder Keith Lloyd has offloaded his Surfers Paradise apartment for $5 million.
Lloyd bought the 680 square metre garden apartment in the Ocean Isles complex on Main Beach Parade in 2011 for $4.96 million.
It has three ensuited bedrooms, a customised home office, entertainers bar, home theatre and a library.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/8/main%20beach%201%201.jpg" alt="">
The living space opens to a private swimming pool and spa.
Michael Kollosche and Duncan Longmore at Kollosche Broadbeach secured the sale.
It had traded higher in 2007 at $6.42 million.
It's been bought by the downsizing Tony Burnett and wife Toni Ferguson, who run TB Hotels
They sold their former Admiralty Drive, Surfers Paradise waterfront earlier this year for $7,975,000 to entrepreneur Tony Quinn.
This article was first published in the Weekend Australian. 
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