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

Joel Robinson

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

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

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

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

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

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

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

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

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

Melbourne off the plan apartments

The leafy Malvern East is set to welcome its newest apartment development with the upcoming release of Taylor, a boutique collection of price-pointed apartments in Malvern East.

Developed by&nbsp;<a href="/developers/eve-holdings">EVE Holdings</a>, Taylor comprises 16 one, two, and three-bedroom apartments on a large corner site in the <a href="/developments/malvern-east-vic-3145">prestigious suburb</a>, near East Malvern Station and Waverley Oval.

Taylor has been designed by the renowned architectural firm <a href="/architects/rothelowman">Rothelowman</a>&nbsp;and features a striking&nbsp;facade characterised by a strong sense of symmetry with classic materials such as brick, timber, and concrete.

The carefully designed porch was inspired by the surrounding heritage homes, while cascading greenery softens the linear composition.

[smartcode_project:default project_id=143954 project_image_fid=253003]

“The durability and materiality of Taylor is very much considered with the future in mind.," Rothelowman Director Stuart Marsland said.

"So we chose bricks and powder-coated metal because these kinds of materials stand the test of time with the rigour of the Australian sun."

The layered and textured minimalist design continues to inside the apartments which feature a neutral palette with stone accents and timber flooring.

[smartcode_project:default project_id=143954 project_image_fid=253008]

The open-plan living area is flooded with natural light, courtesy of floor-to-ceiling windows and full-height sliding doors that offer views of the treetops.&nbsp;

The indoor-outdoor flow extends to private landscaped terraces and courtyards, designed by landscape architect <a href="/architects/john-patrick-landscape-architects">John Patrick</a>.

The kitchen has bespoke stone benchtops and is well-equipped with high-end integrated appliances.

[smartcode_project:default project_id=143954 project_image_fid=253009]

The master bedroom features 100 per cent wool carpets, a walk-in robe and an ensuite with natural porcelain tiles and fluted joinery.

Location is a key highlight of Taylor, as it sits in a prime position close to both the East Malvern Station and the Monash Freeway. Just the other side of the freeway is the Malvern Valley Golf Club, Darling Park, and Basil Reserve.

Construction of Taylor by builder D5 Build is underway. Jellis Craig Projects Director Stephen Bowtell is marketing the project, with prices starting from $620,000.

[smartcode_project_cta:default project_id=143954]

Construction of Taylor by builder D5 Build is underway

Staff Writer

Malvern East's latest apartment development revealed

Property developer <a href="/developers/hewson">Hewson</a>&nbsp;has appointed Cobild as the construction partner for their Armadale apartment development, The Carlile.

The Carlile comprises a limited collection of just nine full-floor apartments, strategically positioned on High Street, right near the&nbsp;<a href="/developments/armadale-vic-3143">Armadale</a>&nbsp;train station.

The development is crowned by three full-floor penthouse residences, each with direct lift access and private garages.

[smartcode_project:default project_id=93833 project_image_fid=196528]

Designed by <a href="/architects/bayley-ward">Bayley Ward</a>, The Carlile draws inspiration from the adjacent Art Deco architecture.&nbsp;

"A restrained palette of textured, coloured concrete and fine metalwork completes the composition, establishing a sensitive and tactile edifice that is unabashedly contemporary," Bayley Ward said.

"The two heritage buildings are retained, restored, and sensitively integrated into the development providing boutique retail tenancies fronting High Street."

A discreet vine-covered archway serves as the pedestrian entry to the residences, landscaped by <a href="/landscape-architect/acre">Acre</a>.

[smartcode_project:default project_id=93833 project_image_fid=196510]

Each apartment features spacious living areas with oak flooring and floor-to-ceiling glazing offering uninterrupted views and doors opening to terraces with low-maintenance flowering plantings and trees.

A ground-floor north-facing unit has private gardens with a private swimming pool.

Kitchens, with an oversized island bench as a centrepiece,&nbsp;are well-appointed by VZUG appliances.

[smartcode_project:default project_id=93833 project_image_fid=196501]

The master bedrooms feature walk-in wardrobes and ensuites, while some apartments include a library, a bar nook, and walk-in laundries.

Acre has also paid attention to the development's communal spaces, creating a café courtyard with a feature deciduous tree and an open aspect to the street, adding character and seasonal colour to the property.

The Carlile is situated just 10 kilometres from the CBD.

<a href="/builders/cobild">Cobild</a>&nbsp;has already kicked off construction.&nbsp;<a href="/buildings/the-carlile-armadale-929-933-high-street-armadale">The Carlile</a> is slated for completion in February 2025.

[smartcode_project_cta:default project_id=93833]

Designed by Bayley Ward, The Carlile draws inspiration from the adjacent Art Deco architecture

Hewson appoint Cobild to build Carlile Armadale apartments

GURNERTM has unveiled the next project to sit under its Boutique portfolio, the $40m Cambridge Place collection in <a href="/developments/collingwood-vic-3066">Collingwood</a>.

<a href="/new-apartments/cambridge-place-2-12-cambridge-street-collingwood">Cambridge Place</a> will deliver six apartments, described as "mansion apartment living", with the design by longtime <a href="/developers/gurner">Gurner</a> collaborator <a href="/architects/warren-and-mahoney">Warren and Mahoney</a> inspired by Milan's world-renowned architecture hotels.

Residents of the half or whole-floor apartments will be welcomed home by a grand secure entrance, reminiscent of the most opulent residences of Milan, with characteristic mosaic tiling, a custom chandelier and sweeping curved staircase.

<img alt="Cambridge" data-entity-type="file" data-entity-uuid="21739034-194a-4c41-b435-3a417b13fd60" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%202.12.40%20pm.png?VersionId=7JGwiGuzNsb1el3NbBAtRrfIp.NDYnTl" />

Cambridge Place interiors have been optimised so the residences open onto enlarged landscaped terraces, while the penthouse apartment features a wrap-around garden terrace with a verdant oasis, curated to offer a hidden sanctuary of green tranquillity.

The upper floor at Cambridge Place will be one of Melbourne's finest penthouses.

This two-story penthouse with a near 250 sqm terrace garden includes a wellness room, sculptural internal staircase and a private lift, as well as an expansive master suite with a dressing room and ensuite, opening to the outdoor.

<img alt="Cambridge Place" data-entity-type="file" data-entity-uuid="34a0e2a0-c3a7-4e4f-860d-325a5fc9f1ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%201.53.44%20pm.png?VersionId=Z9_9xHtTBGJkDk6t2Ve4Hf1bncaMOQe6" />

GURNERTM's Boutique collection will offer access to GURNERTM’s own in-house design director Simon Brugaletta, who brings nearly two decades of experience to the team. Brugaletta has worked for practices all over the world including Milan, Malta and Hangzhou, China.

It was Simon’s decade of living and working in Milan that underpinned his adoration of the sophistication, style and craftsmanship of Milan’s world-famous Palazzo Parigi hotel – meaning that when Tim Gurner came asking for a hotel recommendation, Brugaletta knew just where to send him.

<img alt="Cambridge" data-entity-type="file" data-entity-uuid="a8c9fb4b-0f73-42df-9c2a-cac9e9c35df2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%201.55.11%20pm_0.png?VersionId=.5BoAIoy4Cvg2vzw7mD2AMOpI4w5Spz2" />

Residents of Cambridge Place will also enjoy exclusive access to the nearby members-only Saint Haven private club, where memberships are not only sold out but oversubscribed. As part of Gurner Group's exclusive club, members can indulge in the latest science-backed wellness, anti-aging, and holistic treatments, further enhancing the lifestyle offered by Cambridge Place.

Prices at Cambridge Place will range between $3.15 million and $10.75 million. Apartments start from 210 sqm.

Brugaletta said Cambridge Place has been designed to be timeless and sophisticated, with architecture that will complement the surrounding area as it stands today, and the Cambridge Street that will evolve over the decades.

“I lived and worked in Milan for almost a decade, so when Tim came to me and asked for a hotel recommendation for his trip I knew that he would fall in love with the style and elegance of the Palazzo Parigi – which is one of my favourite places in the city," Brugaletta said.

“From its grand entrance, custom chandelier and spiral staircase right through to its Italian stone, marble-wrapped spaces and exquisite joinery, every detail at Cambridge Place has been carefully considered to deliver the timeless elegance of Europe’s most beautiful cities."

<img alt="Gurner" data-entity-type="file" data-entity-uuid="a921aed8-0996-413a-9e2f-658058a1c0ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-02-09%20at%202.14.38%20pm.png?VersionId=YumHtrCWNWZIUcssOa9mOkTE_GFy1k6L" />

Tim Gurner says when he visited&nbsp;Milan, the Palazzo Parigi sparked incredible inspiration.

"I am really looking forward to bringing some of its grand features and old-world-charm to Cambridge Street," Gurner said.

“Our clients love the Collingwood lifestyle, they love the walkability to Melbourne’s best restaurants and gardens, but want the opulence and grandeur of a grand eastern-suburbs home. We have crafted Cambridge Place to create the best of both worlds."

Prices at Cambridge Place will range between $3.15 million and $10.75 million. Apartments start from 210 sqm.

GURNER to launch VIP campaign for luxury Collingwood apartment development, Cambridge Place

Builder developer&nbsp;<a href="/developers/delta-property-group">Delta Property Group</a>&nbsp;is expecting buyers to move into its new Toorak apartment development, The Mill Residences, later this year.

Construction of the five-level stone and metal building, featuring both apartments and townhouses at 663 Malvern Road in&nbsp;<a href="/new-apartments/toorak-vic-3142">Toorak</a>,&nbsp;is slated for mid-2024.

Over 50 per cent of the 15 dwellings at&nbsp;<a href="/buildings/the-mill-residences-of-toorak-663-malvern-road-toorak-vic-3142">The Mill Residences</a>&nbsp;have sold.

Designed by the award-winning <a href="/architects/cht-architects">CHT Architects</a> and landscaped by the renowned <a href="/landscape-architect/jack-merlo">Jack Merlo</a>, the development's facade is adorned with stone accents and expansive glazing which will integrate with its surroundings.

[smartcode_project:default project_id=25471 project_image_fid=56794]

The Mill Residences comrpise 15 luxury three, four, and five-bedroom apartments and terraces, each with large balconies or landscaped courtyards.

Entertainment in the living area is elevated to new heights with features like 75" TVs and BOSE surround sound systems in the apartments. There's further smart tech with a&nbsp;Bosch Alarm System, biometric smart door locks, and video intercom, all of which can be controlled from a smart phone.

The kitchensfeature waterfall-edge natural stone or Smart Stone island benches, walk-in butlers' pantries, and comprehensive Gaggenau appliance packages, including integrated coffee machines, 900 mm gas cooktops, and stainless-steel French door fridges.&nbsp;

[smartcode_project:default project_id=25471 project_image_fid=56798]

Optional outdoor kitchens with natural gas BBQs and sinks extend the living experience outdoors. The apartments also feature full stone bathrooms with extensive custom joinery of the finest quality.&nbsp;

Renowned interior designers <a href="/interior-designers/hecker-guthrie">Hecker Guthrie</a> have curated the interiors, characterised by a soft, neutral colour scheme and subtle styling.&nbsp;

“Classic design with a soft, neutral palette that is less about fashion and more about creating a space that will stand the test of time,” Hamish Guthrie, Director of Hecker Guthrie, says.

Each unit includes two secure basement parking spaces on two levels, along with access to visitor parking, a private storage room, and bicycle racks. Penthouses have the added luxury of three-car garages. 
&nbsp; 
The terraces range in size from 175 sqm to 240 sqm and feature a more contemporary design with neutral tones.

Nine townhomes span three levels, featuring a full-floor master suite and terrace with panoramic city views on the top level. The other eight townhomes, spanning two storeys, include a lower-level media room equipped with a projector screen and surround sound package.

[smartcode_project:default project_id=25471 project_image_fid=56796]

The design by Hecker Guthrie incorporates solid forms and authentic materials like terrazzo, textured render, and engineered oak flooring. Practicality meets aesthetics in the living area with the free-standing gas log fireplace.

Each townhouse has been designed with private outdoor spaces that integrate seamlessly with interior living areas.

“Connection to private courtyards is a key design element, with a seamless transition to the interiors. It recognizes what we love about the traditional terrace house and interprets it in a contemporary way,” Guthrie added.

The terraces also include technology features like biometric locking, BOSCH Alarm system, SOMFY remote-controlled power blinds, NBN, Foxtel, and free-to-air MATV in all rooms.&nbsp;

High-performance glazing and reverse cycle air conditioning add to the premium inclusions, along with a walk-in butler’s pantry, Gaggenau appliance wall, and stainless steel French door fridge in the kitchens.

Accessible through private laneways or the glass elevator in the lobby and basement garage, each townhome comes with two parking spaces, CCTV, keyless entry, and a video intercom system with phone app integration.

[smartcode_project:default project_id=25471 project_image_fid=56797]

Within the precinct, residents can enjoy the common spaces, including a fully equipped gym and the lush landscaping of The Mill’s central courtyard oasis, all managed by a full-time building manager.

The luxury apartments are slated for completion in mid-2024, while the townhouses are practically complete.

[smartcode_project_cta:default project_id=25471]

Delta Property to complete The Mill Residences in Toorak mid-2024

Malvern East is well known as one of Melbourne's establishment suburbs.

It's <a href="/news/vic/how-malvern-and-malvern-east-has-preserved-its-historical-character">retained a lot of its village charm</a>, with little to no development, and heritage houses lining the quaint and quiet streets.

It was this reason <a href="/developers/abadeen-group">Abadeen Victoria</a> saw <a href="/new-apartments/malvern-east-vic-3145">Malvern East</a> budding with opportunity for a luxury downsizer apartment development, which didn't encroach on the heritage buildings, but instead brought some modern flair to them.

Offering a limited selection of just seven luxury apartments, <a href="/content/abadeen-officially-announce-expansion-into-victoria-with-two-luxury-projects">Abadeen Victoria's debut Melbourne apartment development</a> positions itself as an exclusive new address tailored for individuals who value top-tier architecture, inviting interiors, and spacious floor plans in a highly desirable location near the vibrant Malvern East village.

Positioned just off Burke Road, Maléa's lower elevation grants a more intimate formal entrance. Boasting a double-height arrival hall, Maléa stands as a striking embodiment of contemporary architecture skillfully designed by the renowned architects at Ewert Leaf.

“The stoic, enduring form unites with a rich palette, combining textural brickwork, layered concrete planes, and sleek metalwork," Ewert Leaf Managing Director Will Leaf said.

"A suite of crafted details and subtle design cues unique to the project anchors the built form within the established architectural fabric."

[smartcode_project:default project_id=141969 project_image_fid=222393]

Full-height glazing throughout the development frames entrances to private gardens and terraces, while thoughtfully landscaped greenery softens the building's articulation and establishes a visual link to the iconic Central Park.

The interior design, also crafted by the team at Ewert Leaf, revolves around the concept of luxury urban living, brought to life by meticulously crafted floor plans that maximise connections between the interior and exterior spaces.

&nbsp;

[smartcode_project:default project_id=141969 project_image_fid=222407]

Abadeen Victoria Managing Director Andrew Leoncelli said they were&nbsp;thrilled about the connection between the inside and the exterior.

"We've worked really closely with John Patrick to get a great result here," Leoncelli said.

"The courtyards themselves have plenty of space for entertaining and also the opportunity to sit and relax with greenery that is well vegetated and really carefully designed."

[smartcode_project:default project_id=141969 project_image_fid=222404]

Inside, expansive kitchen, living and dining spaces feature a neutral palette enriched with figured natural stone and tonal timber flooring and joinery. Metalwork detailing strikes a tailored line to contemporary joinery forms.&nbsp;

Sustainability and environmental responsibility were also critical considerations in the design phase of Maléa, which aims to achieve a minimum 6.5-Star Green Energy Rating. This forward-thinking approach ensures Maléa is designed to meet future needs while promoting a greener lifestyle.

[smartcode_project:default project_id=141969 project_image_fid=222392]

The apartments at&nbsp;<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> will feature double glazing, concrete walls and floors, limited gas usage, rainwater harvesting, solar panels, and future electric vehicle battery storage provisions.

Located at 94 Burke Road, residents are just a short stroll away from the vibrant Malvern East village, within one kilometre from several public and exclusive private schools, and less than 30 minutes from Bayside beaches.

<a href="/new-apartments/malea-94-burke-road-malvern-east">Maléa</a> is scheduled for completion in mid-2025.

[smartcode_project_cta:default project_id=141969]

Maléa: A fresh contemporary approach to the historic Malvern East

The performance residential property market in Melbourne varied from market to market, property valuation firm Herron Todd White concluded in their Year in Review.

One of the most nuanced performances was the Melbourne CBD, which had different outcomes in the price and rental markets.

"Melbourne’s CBD is made up of predominantly units or apartments, making their sale prices a good gauge of the property market in the inner city," Herron Todd White's Director Perron King said.

"Although the prices may have decreased, rents have increased, and vacancy rates have once again fallen. This performance shows that the city is having a bounce back after a tough couple of years of the COVID-19 pandemic."

Rental demand and an expected influx of immigrants might lead to higher-density living trends, King noted.

"With times getting tougher for Australians and an expected 400,000 immigrants coming to Australia between 2023 and 2024, there could potentially be a shift in the way people live, and higher-density living could continue to show strong growth, especially considering the rental demand at the moment," King added.

<img alt="Units" data-entity-type="file" data-entity-uuid="84ce74f2-f6d7-4daa-8c8e-82a9327c6ddc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-31%20at%207.44.34%20pm.png?VersionId=9ZApCePI9kDfNX95ftXQQvERc6t5kJ19" />

King said despite challenges in the building industry, residential developments persisted, albeit with increased costs.

"The year highlighted the impact of global and local factors on Melbourne's property landscape, with changing demographics suggesting a potential shift towards higher-density living."

King said that while inner suburbs demonstrated robust performance, outer northern suburbs presented new opportunities for homebuyers and investors, adding that despite interest rate increases, stability and slight growth were observed in these areas.

&nbsp;

"Inner northern neighbourhoods such as Brunswick, Thornbury and Northcote demonstrated robust performance, albeit with limited new housing stock. Occasionally, medium-sized developers acquire larger lots to construct six to eight units or townhouses in these areas, and their prime location commands a premium."

[smartcode_project:default project_id=4802 project_image_fid=217119]

&nbsp;

&nbsp;

Generally speaking, HTW found the most affordable end of the market took the biggest hit, given the increased limitations on lending which stemmed from the RBA's interest rate hikes.

On the flip side, at top end of the market, buyers appear in many cases unfazed by interest rates, with a number of record breaking sales throughout the year.

"This is partly a result of cash purchases and the return of internationally based buyers."

Melbourne's property market year in review: Herron Todd White

In a significant stride towards completion, seasoned construction firm <a href="/builders/hamilton-marino">Hamilton Marino</a> has reached the 60 per cent construction mark at&nbsp;Chapter Ashburton, the exclusive apartment development by <a href="/developers/km-develop">KM Develop</a>.&nbsp;

Various construction milestones have been achieved, including the completion of level two lightweight steel installation and the commencement of fire and mechanical service rough-in to the basement and ground floor.&nbsp;

Subhead and sub-sill installation are in progress, while the concrete precast elements forming the structure have been completed. The project is gearing up for the roof installation, with 80 per cent of all floors already stripped out.

[smartcode_project:default project_id=105071 project_image_fid=230438]

Situated at 363-367 High Street, <a href="/buildings/chapter-ashburton-363-367-high-street-ashburton">Chapter Ashburton</a> comprises 24 meticulously designed one, two, and three-bedroom apartments.

Collaboratively designed by <a href="/architects/ewert-leaf">Ewert Leaf</a> and landscape architecture firm <a href="/landscape-architect/john-patrick-landscape-architects">John Patrick</a>, the project emphasises a timeless aesthetic on its façade, integrating greenery for a symmetrical grandeur that harmonises with the surrounding streetscape. Tactile bricks and steel palisades ensure both quality and longevity in design.

Internally, the apartments boast carefully selected finishes and warm tones, creating a neutral canvas for personalisation. Spacious open-plan living areas, flooded with natural light from large windows, seamlessly extend to expansive outdoor entertaining spaces.

[smartcode_project:default project_id=105071 project_image_fid=198021]

Premium fixtures and fittings, such as European appliances and brushed nickel tapware, feature in the kitchens and the bathrooms.

Master bedrooms feature plush wool carpets and warm timber joinery, opening up to private balconies with serene green views. Ensuites continue the luxury theme with organic feature tiles, expansive walk-in showers, and freestanding bathtubs in select apartments.

[smartcode_project:default project_id=105071 project_image_fid=198016]

Residents of Chapter Ashburton will enjoy an array of amenities, including EV charging with individual power outlets for all resident car parking spaces, integrated parcel delivery through secure lockers, and a convenient dog wash bay for pet owners. Security measures, such as card access, remote control car park access, audio-video intercom, and CCTV security throughout, contribute to residents' peace of mind.&nbsp;

The project also meets BESS sustainability standards, incorporating initiatives such as a rainwater harvesting system for toilet flushing and irrigation.

A handful of two and three-bedroom apartments are available in Chapter Ashburton, ranging in size 103 sqm to 294 sqm. Prices start from $850,000.

Chapter Ashburton is on track for residents to move in by mid-2024.

[smartcode_project_cta:default project_id=105071]

A handful of two and three-bedroom apartments are available in Chapter Ashburton, ranging in size 103 sqm to 294 sqm



Buyers to move into Chapter Ashburton in 2024 as Hamilton Marino advances construction

Ivanhoe is set to welcome a rare new residential development later this year, with construction on track at Equire's latest apartment development, Locale.

<a href="/new-apartments/locale-ivanhoe-1023-heidelberg-road-ivanhoe">Locale</a>, just 41 one, two and three-bedroom apartments priced from $685,000, is ideally located&nbsp;at 1023 Heidelberg Road, near Darebin Station and its surrounding amenity.

The project has street presence in abundance, with its architecturally striking design by&nbsp;<a href="/architects/dko-architecture">DKO Architects</a>&nbsp;soon to be revealed when the scaffold drops.

[smartcode_project:default project_id=8748 project_image_fid=189072]

The building is being constructed around a central courtyard with extensive landscaping.&nbsp;

Apartments are designed to be open and free-flowing, with the kitchen, living and dining area opening to a balcony or terrace. Each apartment features&nbsp;oak timber boards, plush carpets, and sleek tiling, creating an aesthetic that is both contemporary and inviting.&nbsp;

<a href="/developers/equire">Equire</a>&nbsp;has made sure the apartments are as functional as they are contemporary. They are equipped with&nbsp;cutting-edge heating-cooling systems and double glazing, providing all year round comfort.

[smartcode_project:default project_id=8748 project_image_fid=189067]

The kitchens feature stone bench tops with Miele appliances and integrated fridge freezers, while the fully tiled bathrooms feature brushed nickel tapware.

&nbsp;

&nbsp;

One of the standout features of Locale is the incorporation of private outdoor spaces – be it courtyards, terraces, or balconies – purpose-built for everyday living, dining, and entertaining.&nbsp;

&nbsp;

[smartcode_project:default project_id=8748 project_image_fid=189070]

The external spaces seamlessly extend the living areas, providing residents with a connection to the outdoors within the comfort of their homes.

Security and convenience are at the forefront of Locale's design, with video intercom systems ensuring a secure entry for residents and convenient lift access enhancing the overall experience.&nbsp;

The development also boasts basement parking, offering residents heightened security and peace of mind in securing their vehicles.

Construction at Locale <a href="/developments/ivanhoe-vic-3079">Ivanhoe</a> has reached a significant milestone as the structural framework, led by builder <a href="/builders/balmain-co">Balmain &amp; Co</a>, is now complete.&nbsp;

Buyers are expected to move into the project in Q2 2024.

[smartcode_project_cta:default project_id=8748]

The building is being constructed around a central courtyard with extensive landscaping

Locale, Ivanhoe's newest apartment development, approaches completion

The first cab off Deicorp's long pipeline of projects will be Cosmopolitan, their $560 million, twin-tower development in Parramatta.

The project, approved late last year at&nbsp;34 Hassall Street, <a href="/new-apartments/parramatta-nsw">Parramatta</a>, will comprise 600 one, two and three-bedroom apartments in two 45-level towers, above a new retail village hub.

&nbsp;

<a href="/architects/turner-studio">Turner Studio</a> has handled the design of the towers following an extensive design competition. &nbsp;

The innovative design incorporates a raised podium that links the two towers. The first three podiums, collectively named ‘Gully Forest,’ will feature a landscaped sanctuary adorned with lush greenery, alongside smaller breakout and seating spaces, a distinctive outdoor kitchen, and garden pavilions.

[smartcode_project:default project_id=138590 project_image_fid=236117]

The ground floor podium is strategically designed to provide extensive retail and hospitality frontages for commercial tenants, activating the entire precinct.

On the second level of the podium, an open-air community space will be home to barbecue facilities and smaller group gathering areas.&nbsp;Above will feature flexible workplace tenancies, as well as spaces designated for a fitness centre and medical practice.

[smartcode_project:default project_id=138590 project_image_fid=236119]

The building is conceived to evoke a garden-like atmosphere, providing a park-like experience for both visitors and residents. This nature-centric theme extends into the apartments, offering district views of nearby attractions such as the river and parkland.

"Minimising unhelpful sight lines and increasing solar and views has been a key consideration in the design of the towers," Turner noted in their design statement.&nbsp;

"Apartment placement and the facade have been designed to allow for at least 24m of visual privacy between the towers, even whilst maintaining an 18-metre building separation. The tower forms maximise and share these views for all the residents."

The apartments themselves are characterised by their spacious, bright, and airy interiors, featuring floor-to-ceiling glazing and doors.&nbsp;

[smartcode_project:default project_id=138590 project_image_fid=236118]

The open floor plan seamlessly connects the kitchen, living, and dining areas, leading to a balcony with panoramic city views that enhance with each ascending floor.

The galley kitchen is well-equipped with built-in cabinetry and an island bar setup for multi-purpose use.

Bathrooms showcase floor-to-wall tiles, bathtubs, and waterfall showers, incorporating wood and stone themes for a modern yet warm ambience.

Situated on the park-side edge of Parramatta’s CBD and in proximity to the new Parramatta Light Rail stop, Cosmopolitan ensures easy connections to key destinations for its future residents.

<a href="/developers/deicorp">Deicorp</a>&nbsp;has a significant pipeline of new projects, with upcoming developments in <a href="/developments/rhodes-nsw-2138">Rhodes</a>, <a href="/developments/crows-nest-nsw-2065">Crows Nest</a> and <a href="/developments/melrose-park-nsw-2114">Melrose Park</a> expected to launch in the next 18 months.

Read more:&nbsp;<a href="/news/nsw/deicorps-2024-sydney-apartment-development-pipeline-bolstered-with-1200-apartments-approved">Deicorp's 2024 Sydney apartment development pipeline bolstered with 1200 apartments approved</a>

[smartcode_project_cta:default project_id=138590]

The building is conceived to evoke a garden-like atmosphere, providing a park-like experience for both visitors and residents

Inside Deicorp's upcoming Parramatta apartment development, Cosmopolitan by Deicorp

Leading Melbourne apartment developer Hamton Property Group has been given the green light to proceed with its $500 million redevelopment of the former Hawthorn campus of the University of Melbourne.

The site has been rezoned&nbsp;from Public Use Zone to Residential Growth Zone, and a detailed development plan has also been approved by the Minister for Planning, paving the way for the site to be redeveloped into a 1.6-hectare luxury residential development.

The approved development plan allows for around 350 apartments across six boutique buildings, ranging in height from three to seven levels.

In early 2022 Hamton, who is currently developing the $2 billion Moonee Valley Park, entered a contract to buy the site from the University, subject to rezoning, with settlement due to occur in early March 2024.

Proceeds from the sale will be used by the University to meet part of its financial commitment to the new Australian Institute for Infectious Disease in Parkville, a $650m plus development in partnership with the State Government.

Read more:&nbsp;<a href="/news/vic/everything-a-buyer-needs-to-know-about-moonee-valley-park-five-minutes-with-hamtons-matt-malseed">Everything a buyer needs to know about Moonee Valley Park: Five minutes with Hamton's Matt Malseed</a>

An analysis by Charter Keck Cramer of forecast housing demand and supply in the Hawthorn catchment, commissioned by Hamton, demonstrates the severe undersupply in this established area of Melbourne over the next three years alone.

<img alt="CKC" data-entity-type="file" data-entity-uuid="fe8f1d66-e6ca-4533-b3ab-3514fc732a9b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-25%20at%2011.29.14%20am.png?VersionId=nDdl6cjxDwqqIbF99KOXqbgH8GZZQpRj" />

“This approval from the Minister for Planning enables the delivery of meaningful new housing supply in the popular inner east of Melbourne, where development opportunities of scale are non-existent, and demand for high-quality residences continues to outstrip supply,"&nbsp;Hamton Founder and Executive Chairman Paul Hameister OAM said.

“Our vision for this development is to create a global exemplar of gentle medium density housing, with a collection of mid-rise buildings set within lush green parks and gardens that prioritise people and community, with excellence in sustainability at its core.

“There are around 100 existing trees onsite, of which only four are assessed as significant – meaning only those four would ordinarily be required to be retained under the planning scheme.

“We are pleased that the Minister agreed with our decision to retain the vast majority of existing trees, and we will take our commitment to greening the habitat even further by planting an additional 100 trees, to create a truly nature-based neighbourhood."

Around one-third of the site will be green open space accessible by the local community, with deep soil planting zones that far exceed the statutory requirements.

Hamton is committed to achieving ESD excellence with this project, targeting a 5 Star Green Starrating, 7 Star NatHers rating and Climate Active certification as Net Zero.

Hamton has also committed to delivering 10 percent of the apartments as affordable housing for moderate income earners, including key workers like teachers at surrounding schools includingAuburn South Primary School, Bialik College and Scotch College.

Hamton plans to launch sales in Q3 2024, with construction to commence mid-2025.

Hamton plans to launch sales in Q3 2024, with construction to commence mid-2025

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