The Melbourne-based HLA Group is the latest developer to expand into South East Queensland, lodging plans for a unique mixed-use short-term accomodation and apartment building in Taringa, with the building design inspired by the Glasswing Butterfly.

The development application for 10 Morrow Street seeks approval for a total of 232 dwellings, comprising 116 residential apartments and 116 short-stay accommodation units. The build-to-sell residential component is made up of 31 one-bedroom apartments, 67 two-bedroom apartments, 17 three-bedroom apartments, and a single four-bedroom apartment, offering a diverse mix aimed at singles, couples, families, and downsizers.

<img alt="Taringa" data-entity-type="file" data-entity-uuid="33913cd4-9839-4456-b325-d35b3f8b4694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.26%E2%80%AFPM.png?VersionId=sLvc7jUrYzDwqPDZBPrXTosKHDSp.qrt" />

Designed by Ellivo Architects, the tower takes strong inspiration from nature, with the architectural language driven by one of Queensland’s most delicate species. As described in the planning documents submitted to Brisbane City Council, Ellivo Architects state the design is “inspired by the elegance of the Glasswing butterfly," and mirrors the graceful sweep of its wings, a form that feels light, fluid, and alive.

“Lush subtropical greenery is throughtfull woven throughout, transforming the building into a sanctuary in the heart of the city.”

The proposal positions the building as more than a conventional residential tower, with Ellivo Architects describing 10 Morrow Street as “an urban oasis that blends short term accomodation with residential living. A destination for rest, relaxation, and renewal.”

<img alt="Taringa" data-entity-type="file" data-entity-uuid="84e9a0ff-464e-4973-bffe-5d5a8fe9f087" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.32%E2%80%AFPM.png?VersionId=dhX9eVgUaQE2TvCzJPhF8N8_hzYSKpyK" />

Formally, the building’s massing and floorplate are directly shaped by its butterfly inspiration. Ellivo explain that, “adopting the wings of the Glasswing Butterfly, the tower's plan is divided into four distinct quadrants, each shaped to mirror the wing's segmented geometry and taking the slender ‘veins’ up the facade of the tower.”

"This approach results in a sculpted tower form with articulated façades and a strong vertical expression."

<img alt="Taringa" data-entity-type="file" data-entity-uuid="5947011d-ff6c-4a57-bdc1-9072a472a79c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.40.29%E2%80%AFPM.png?VersionId=nnGqd4WCZM8AOJZY.c3u49BO4LurKRhb" />

The Assessment Report by Human Habitats said the 19-storey tower capitalises on its strategic connectivity and prominence at the entrance of Taringa Village and adjoining the Taringa Station.

"The proposal offers a significant revitalisation of the subject site that integrates architectural excellence, innovation, and sustainable design to directly address long-standing connectivity and safety challenges, housing supply , and diversity together with enhanced streetscape activation and convenient access to major transport corridors."

HLA Group Australia is registered to South Yarra and is currently delivering Adamson No.5, just 15 luxury apartments that start from around $2 million.&nbsp;

Joel Robinson

The Butterfly Effect: Glasswing butterfly inspires Taringa apartment development

Sutherland Shire-based developer Sammut Group, who was one of the first Sydney developers to jump to the Gold Coast at the onset of the pandemic back in 2020, is looking to expand its QLD pipeline.

The developer, who will complete COAST on Surfers Paradise's beachfront Garfield Terrace early next year, has filed plans for a 42-unit block on the river in Toowong.

Bureau^proberts designed the Glen Road building, suggesting that 44 Glen "acknowledges a transitioning suburb."

"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 maintain its character and charm," the architecture noted in the Urban Design Report submitted to the Brisbane City Council.

The "well-considered residential offerings" no doubt refers to Consolidated Properties Monarch Residences, which is approaching completion on Coronation Drive, and Graya's ARC Residences a few doors down.

<img alt="Sammut" data-entity-type="file" data-entity-uuid="bc73fa6a-e0c9-4ab1-b8d1-84cb8b45a932" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.22%E2%80%AFPM.png?VersionId=fxM0S81Jd.qZJTe5Wdju0TuOfnyxbM3C" />

"With a site rich in history - proud in its riverfront setting, the architectural form of 44 Glen is a direct influence of its contextual place," the report added.

"The considerations of a flood impacted site, adjacent development scales, local view corridors, unique dual river vantage &amp; city aspects result in a shaped, elegant building form proud in its setting."

<img alt="Sammut" data-entity-type="file" data-entity-uuid="53469fd8-e7e4-4a50-a992-417221187e93" src="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" />

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.

Public records show the last time the site traded was last year when JGL Properties bought it for $8.7 million. It sold to Sammut with development approval for The Dell, just 22 luxury apartments.

The Assessment Report by Urbis suggested the new plans "are consistent with the City Plan provisions, particularly the themes and outcomes of the strategic framework, purpose, overall outcomes and the intent of the High Density Residential Zone."

"The proposed changes are generally consistent with the previous approval. Notably, the development continues to deliver a residential scheme with high quality architectural design and features."

They said the proposed change maximises the number of dwellings overlooking the Brisbane River, highlighting its importance as a natural asset in inner city developments.

Sammut makes Brisbane apartment play

After several years defined by rapid price growth, tightening construction conditions and a thinning development pipeline, the Gold Coast apartment market is entering a more considered phase.

Demand for well-located, design-led apartments remains strong, particularly in established coastal suburbs where supply is constrained and planning controls are more defined. At the same time, elevated construction costs, financing pressures and longer approval timelines have forced many developers to recalibrate, resulting in fewer projects, but generally higher-quality ones.

The result is a market that is increasingly polarised. At one end are tightly held, boutique developments targeting owner-occupiers seeking generous internal space, high levels of amenity and proximity to the beach. At the other are larger mixed-use or higher-density schemes that rely on scale, strong branding and careful staging to proceed. What has largely disappeared, although some developers are able to make it work, is the mid-market volume product along the coast.

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Buyer demographics are still mixed. Local buyers from South East Queensland are now driving the majority of enquiry and transactions. Where purchasers were predominantly cashed-up buyers from southern capitals which really kicked off the multi-year boom, recent price growth across Queensland has shifted that profile, with SEQ-based buyers increasingly well capitalised and active in the market.

Like the majority of the country, the Gold Coast is expected to fall well short of its housing targets. Around 38,000 new dwellings are required over the next decade to keep pace with population growth, with the majority expected to be apartments in new high-rise buildings. That equates to roughly 50 high-rise developments each year, a figure that is unattainable in the current environment of elevated construction costs and ongoing labour constraints.

When supply falls this far short of demand, upward pressure on prices becomes inevitable, placing developers in a strong position across much of the coast.

Below are 10 of the most notable Gold Coast apartment projects set to come to market next year, developments that reflect where the market is heading and the type of product buyers are increasingly seeking.
</article>

<h2>Exhale 
Where: Surfers Paradise 
Who: SIERA</h2>

SIERA will launch its beachside Surfers Paradise apartment development, Exhale, in early 2026. The project targets the suburb’s missing middle near Northcliffe Beach, delivering just 54 generously scaled two- and three-bedroom apartments, a density blend between high-rise living and full-floor residences rarely seen locally.

Designed by BDA Architecture, the 25-level tower will house a maximum of three residences per floor.

[smartcode_project:default project_id=112661 project_image_fid=300829]

The slender form draws from surrounding sand dunes and the coastal landscape, with two dedicated entry points, one toward Northcliffe light rail station and the other providing direct beach access just 60 metres from the site.

Wellness underpins Exhale’s design. A two-level podium will feature a heated spa, sauna and gym, a Zen garden, a north-east-facing pool, and private dining and lounge spaces that extend daily living beyond the apartment.

[smartcode_project:default project_id=112661 project_image_fid=355937]

SIERA Founder and Director Brent Thompson says the project was shaped around how residents would live, a design process that began even before securing the prime site.

<h2>Sandpiper 
Where: Broadbeach 
Who: Polycell</h2>

Polycell will launch its second Broadbeach project in early 2026, following the success of its debut development, The Rochester, which is approaching sell-out ahead of its late-2027 completion.

<a href="https://www.apartments.com.au/new-apartments/sandpiper-broadbeach-155-old-burleigh-road-broadbeach-qld-4218">Sandpiper</a> will replace the existing Sandpiper Resort on Old Burleigh Road, rising more than 50 storeys and delivering around 200 apartments, predominantly two- and three-bedroom residences, alongside a limited collection of four- and five-bedroom homes.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="d4ca0547-afd0-4e1f-9b24-2ebbc0ef3dd6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Sandpiper%202.jpg?VersionId=m8fhW_jnIA9G93M79AQsw29j5NT9r8Bl" />

Designed by BDA, Sandpiper will mirror the elevated amenity offering seen at The Rochester. Residents will arrive via a porte-cochere into a hotel-style lobby, with private facilities spread across three levels including a lap pool with floating day beds, hot and cold plunge pools, sauna and steam rooms, gym and yoga studio, golf simulator, private dining spaces, wine room, and an upper-level residents’ club.

MOTIV is handling the sales campaign.

<h2>Josephine by Mosaic 
Where: Burleigh Heads 
Who: Mosaic</h2>

Bullet-proof South East Queensland developer Mosaic Property Group will unveil its latest luxury Burleigh Heads beachfront apartment development in the new year.

Located on the Esplanade, Mosaic's third on the exclusive strip, <a href="https://www.apartments.com.au/new-apartments/josephine-by-mosaic-166-the-esplanade-burleigh-heads-qld-4220">Josephine</a> will comprise just 27 high-end half- and full-floor homes, all with uninterrupted views across the beach and Pacific Ocean.

[smartcode_project:default project_id=149424 project_image_fid=353507]

Part of Mosaic's Masterpiece Series, Josephine is positioned at the ultra-boutique end of the market, offering generous internal volumes framed by full-height glazing, hand-selected stone, rich timbers and bespoke detailing. The sculptural form, defined by soft curves and arching elements, is informed by the natural movements of wind, water and dunes along the Burleigh and Palm Beach shoreline.

Resident amenities will include a pool, spa, gym and sauna.

<h2>Palmiere 
Where: Palm Beach 
Who: BPG Developments</h2>

BPG Developments will return to Palm Beach early next year with <a href="https://www.apartments.com.au/new-apartments/palmiere-66-jefferson-lane-palm-beach-qld-4221">Palmiere</a>, seven years after completing Sable Palm Beach nearby.

Led by Glen Williams and Nick Parr, the builder-developer will deliver 71 two- and three-bedroom apartments and a small collection of townhouses across a 14-storey building fronting Jefferson Lane.

Designed by Plus Studio, the project draws on Queensland’s coastal vernacular through textured render, rebated concrete panels and aluminium fins. Wellness facilities will include a pool, gym and yoga deck.

<img alt="Palmiere" data-entity-type="file" data-entity-uuid="593192d9-1c75-49e3-980f-e2e9d2f124b3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%209.47.40%E2%80%AFAM.png?VersionId=OJ09LnC.q2eXAiqJWG6QLr0JRxhkISlC" />

“Palmiere represents a natural extension of BPG Developments’ growing coastal portfolio and reinforces our commitment to delivering high-calibre residential projects across Southeast Queensland.”

“Palm Beach embodies the core principles of our approach. A bespoke, refined design, exceptional craftsmanship and a genuine connection to place.

MOTIV will handle the sales campaign.

Director Carly Cottam says Palmiere will appeal to a large section of the market seeking a luxury address in an attainable price point, just one block back from the beach. 
 
“A site like this is incredibly rare and we expect the market to react positively and swiftly when we launch early next year.”

<h2>What: Bronze on Chevron 
Where: Chevron Island 
Who: Gardner Vaughan Group</h2>

Brisbane-based Gardner Vaughan Group (GVG) is making its Gold Coast debut with<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a>, a 119-apartment development scheduled to launch in early 2026.

The project will comprise one- to four-bedroom apartments alongside two ground-floor retail tenancies designed to complement Chevron Island’s village character.

<img alt="Bronze" data-entity-type="file" data-entity-uuid="57842e97-394c-4c3d-b51d-03925f3645b8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%2010.41.33%E2%80%AFAM.png?VersionId=87P1xIhmx0D3.ITqxcL8dxSSj3I_nCXB" />

GVG Chief Executive Officer Simon Betteridge described the move as “a strategic and natural evolution” of the company's growth, extending its legacy of reliable delivery across Brisbane, the Sunshine Coast, and Moreton Bay.

“Our entry into the Gold Coast is both a strategic and natural evolution of our business,” said Simon Betteridge, Chief Executive Officer of GVG. “We’ve long admired the Gold Coast’s lifestyle offering, cultural vibrancy and strong demand for thoughtfully designed homes. We’re excited to bring our approach to development into this dynamic market.”

Colliers will manage the sales campaign.

<h2>Rana 
Where: Palm Beach 
Who: Macquarie York</h2>

Macquarie York is expanding its Palm Beach portfolio with <a href="https://www.apartments.com.au/new-apartments/rana-palm-beach-16-20-twenty-third-avenue-palm-beach-qld-4221">Rana</a>, a 13-storey residential development designed by Plus Studio.

Located on Twenty Third Avenue across an amalgamated 1,215 sqm site, Rana will deliver 60 apartments, 44 two-bedroom and 16 three-bedroom homes, supported by a recreation deck featuring a pool, gym, sauna and BBQ terrace.

<img alt="Rana" data-entity-type="file" data-entity-uuid="6afd9552-f6c5-4a79-8316-dd850663469d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%2010.42.54%E2%80%AFAM.png?VersionId=1KkD2F9cLVCpiihmG9DZJKrx3EM.llGQ" />

The design adopts a refined, coastal palette of natural materials, defined by slim slab edges, vertical battens, and deeply set recesses that enhance both privacy and architectural rhythm.

Plus describes the tower as “a refined yet understated aesthetic that balances warmth with contemporary elegance”.

The developer, led by Roy Skaf, also has a luxury project on Jefferson Lane, Azariah, launching in 2026, as well as a riverfront tower on Sunset Blvd in Surfers Paradise.

<h2>Where: Kirra 
Who:&nbsp;Immerse Projects</h2>

Immerse Projects will bring its next Kirra development to market in 2026, following the completion of Rhythm earlier this year.

Founded by industry veteran John Kearney, the group will deliver 105 apartments across a 14-storey tower on <a href="https://www.apartments.com.au/new-apartments/5-haig-street-coolangatta-qld-4225">Haig Street</a>,, just metres from the beach. The mix includes two- and three-bedroom apartments, as well as three two-storey beach houses.

Apartments will start from 70 sqm internally, while the amenity-rich podium will feature a lap pool, spa, gym, children’s play area, and co-working spaces designed to complement a relaxed, connected lifestyle.

<img alt="Haig" data-entity-type="file" data-entity-uuid="61362ae6-6ee6-4f91-9e4d-854243d04399" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%2010.47.10%E2%80%AFAM.png?VersionId=cmfd_Lg0ahgroMZiOBqDa3.SI0aUqiLR" />

Kearney says the design “embraces its coastal setting,” enhancing Kirra’s distinctive character while providing attainable alternatives to the full-floor apartments that dominate the beachfront.

“Kirra has much more amenity on its doorstep than other parts of Coolangatta,” Kearney said. “There’s a real sense of identity here-it’s a really special place”.

<h2>Nalu 
Where:&nbsp;Miami 
Who:&nbsp;Monaco Property Group</h2>

Monaco Property Group will launch <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-miami-qld-4220">Nalu</a> next year, a luxury beachfront apartment development on Marine Parade in Miami.

Designed by Koichi Takada Architects in collaboration with BDA, the low-rise, U-shaped building will deliver 46 two- to five-bedroom residences, each with expansive wrap-around balconies capturing panoramic ocean views.

The project occupies a 7,238 sqm site acquired for $70 million and will feature resort-style amenities including a pool, lounge areas, yoga space, hammam, steam rooms, and hot and cold plunge pools, all set within a lush landscaped environment.

<img alt="Nalu" data-entity-type="file" data-entity-uuid="9e2fecb7-81b0-44e5-8c02-05ff08f1c603" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%209.37.10%E2%80%AFAM.png?VersionId=Ci91LNpLfK_9S5uexOfGwaTmybM6DPoc" />

Monaco Property Group Co-founder Jonathan Grasso says their plans for Nalu will be defined by a commitment to quality, incredible landscape, world class amenity and wellness and an architectural statement of excellence.

“The site is not only one of the largest beachfront development sites on the Gold Coast, but its position overlooking the beachfront and close proximity to the heart of Nobby Beach provides a truly unique opportunity for our team to create an incredible residential development that will be a legacy for years to come."

<h2>Avva 
Where: Broadbeach 
Who: Bassar Group</h2>

Bassar Group will take to market Avva next year, its sister tower to the successful Infinity development on Surf Parade.

Designed by BDA, the 33-storey tower will deliver 56 half- and full-floor three-bedroom apartments, each spanning approximately 166 sqm. The angular form will add a sculptural presence to the Broadbeach skyline.

<img alt="Bassar" data-entity-type="file" data-entity-uuid="6eafc222-7da9-4e42-8a1a-998d8a2ae06d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%208.56.00%E2%80%AFAM.png?VersionId=br3dEys85q0fB2bmwbDLfTgSaeKqM7Z8" />

Amenities will include a lap pool, wellness area, yoga deck and sauna facilities. The project will replace the former MaxMar apartment block.

Bassar Group Director Leo Sarris said the team is proud to contribute to a suburb they call home, describing Avva as a “wonderful addition” to Broadbeach.

<h2>Where: Kirra 
Who: MAYD Group</h2>

MAYD Group is expected to launch its $350 million luxury hotel and apartment development in North Kirra next year.

Designed by MAS Studio in collaboration with Mim Design, the mixed-use project will comprise a 160-room five-star hotel and 60 private residences, including two penthouses and five double-storey beach houses, across a 4,742 sqm site with 90 metres of beachfront.

Resident amenities will include a private pool with wet edge, yoga lawn, bar, cinema and relaxation zones, alongside access to hotel concierge services, dining and lounges.

<img alt="Mayd" data-entity-type="file" data-entity-uuid="fe40866c-79b1-4cd9-8b69-0c92ff3fe509" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%208.57.10%E2%80%AFAM.png?VersionId=M0pZ9asXdlH2XBf4.im70vVMzzukzuFd" />

MAYD Group Founder and Director Todd Mould said the project capitalises on North Kirra’s rare beachfront scale and proximity to the expanding Gold Coast Airport, offering a balance between holiday and permanent living.

&nbsp;

“We are extremely bullish on the Gold Coast luxury market and will continue to invest in strategic sites that allow us to deliver best-in-class luxury projects across residential and mixed-use asset classes," Mould says.

The top 10 new apartment projects to launch on the Gold Coast in 2026

Geocon Group has been given the green light to develop its Woden Pool Project, securing the future of the aging community facility with a contemporary aquatic centre designed for year-round use by families, schools, fitness enthusiasts and the broader community.&nbsp;

There will be 286 new units delivered as part of the first stage. There will be around 700 units across three stages.

“This approval represents an important step forward for Woden and reflects a significant private investment into a major community sport and recreation facility," Geocon says.

"We understand how important the Woden Pool has been to local families over the years and we are proud to be contributing to infrastructure that will deliver long-term benefits for residents, families and the broader community, while supporting the continued revitalisation of the Woden Town Centre.”

The new facility will comprise:

• An eight-lane 25 metre lap pool

• A 20-metre warm water program pool with relaxation zone

• Dedicated facilities for families and recreation, including a toddlers’ pool, learn to swim pool, leisure pool, and indoor and outdoor water play splash pads

• Wellness amenities, including steam and sauna facilities, a marshalling area to support organised programs and events, and an on-site café

These inclusions have been designed to support year-round use, cater to a wide range of user groups and meet contemporary standards aquatic facilities. Supporting Woden's Evolution The Woden Pool Project aligns with the ACT Government's vision for Woden Town Centre as a vibrant, high amenity urban hub.

With approval secured, Geocon Group is preparing to formally release the associated residential apartments to the market, capitalising on the project’s prime Woden Town Centre location and its integration with a major new indoor aquatic facility.

“We have designed the residential apartments as part of a well-considered Woden precinct that prioritises lifestyle, long-term amenity and connectivity," added Geocon.

"Future residents will benefit from a premium town centre location and the integration of high-quality recreation and lifestyle infrastructure, providing confidence in the quality and longevity of the development.”

The residential release will highlight the unique opportunity to secure housing within a precinct anchored by significant new lifestyle and recreation infrastructure. Works are expected to commence on site once all relevant approvals are in place. The existing ice rink will continue to operate as usual, and the current 50-metre outdoor pool will remain operational during its normal seasonal opening days and hours.

Geocon approved for Woden Pool project

&nbsp;

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> has secured development approval for its $240 million Flourish Symphony, a project set to bring affordable apartment living to <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a>.

With prices starting from $665,000, Sherpa begins to move <a href="https://www.apartments.com.au/new-apartments/symphony-south-brisbane-21-23-cordelia-street-south-brisbane-qld-4101">Symphony</a> into its delivery phase, with construction now commenced. They will deliver 138 apartments across 27 levels, offering a mix of one-, two-, and three-bedroom residences.

Brisbane is experiencing a major population growth as it gears up for the Olympics, with research suggesting its population will reach 4.34 million by 2066, leading to a surge in demand for affordable residential apartments.&nbsp;

“Getting council approval marks an exciting milestone for us at Sherpa,” said Christie Leet, founder of Sherpa Group.

[smartcode_project:default project_id=7574 project_image_fid=3770]

“Brisbane is such an incredible location and is undergoing a period of major growth as it looks to host the 2032 Olympic Games and enjoys significant population growth and supply challenges. We hope to accommodate this growth by delivering affordable apartments that locals have a genuine chance of securing when some apartments in the market are cost-prohibitive.”

The DA approval follows closely behind Symphony’s sales success, which has seen 73 per cent of apartments sold within one week of launching.

The project builds on the group’s success in Palm Beach on the Gold Coast, where it has recently launched Flourish Oasis.

“We are immensely humbled by the response we have received for the Flourish brand so far -it’s clear each project has resonated with buyers seeking thoughtful, innovative design,” added Leet.

“We want to create spaces where everyday life feels extraordinary – that’s what Flourish is about.”

[smartcode_project:default project_id=7574 project_image_fid=5155]

Located at 21–23 Cordelia Street, Symphony is positioned at the heart of Brisbane’s entertainment, offering exceptional walkability to dining, leisure, galleries, the CBD and transport hubs.&nbsp;

Residents will have access to a rooftop oasis that rivals 5-star resorts, showcasing a wellness and recreation area spanning more than 1,400 sqm across two levels, featuring a heated pool, steam room, saunas, and hot and cold plunge pools.

Additional amenities include work-from-home spaces, private treatment room, pool deck cabanas and private outdoor BBQ areas; a private dining room and residents’ lounge; a fully equipped gym and yoga studio; and panoramic views of the Brisbane skyline and Mt Coot-tha.

Sherpa Group has been among the most prolific developers on the Gold Coast in recent years, undertaking 15 projects since 2018, now adding Symphony to its $1.35 billion workbook.

[smartcode_project_cta:default project_id=7574]

Sherpa approved to develop Symphony, South Brisbane

Mortgage Activity

While the value of new loans dipped this month, refinancing has skyrocketed to an all-time high in June.

Latest figures from the ABS show the total value of refinanced loans hit $16.24 billion in June, up $1.37 billion in just one month, in seasonally adjusted terms.

That $16.24 billion figure is made up of a record&nbsp;$10.84 billion&nbsp;from owner occupier&#39;s refinancing, up 112% on a year ago, and&nbsp;$5.41 billion from investors, up 67% year on year.

[smartcode_project:default project_id=26734 project_image_fid=153694]

Refinancing has risen sharply in recent months, fuelled by record low rates. COVID has also prompted many families overhaul their finances.

In the past 12 months, $151.12 billion worth of mortgages have been refinanced, in seasonally adjusted terms.

RateCity.com.au research director, Sally Tindall, said the record high in refinancing in June suggested mortgage holders were racing to lock in low rates in case they rise.

&ldquo;At the start of COVID, we saw a spike in refinancing as people rushed to lock in a competitive rate. COVID was a wake-up call for people to get their finances in order, and banks were at the ready, handing out some of the lowest rates in history,&rdquo; she said.

&ldquo;Over a year later and we&rsquo;ve now hit a new record high, although this time, the surge is more likely to be fuelled by a fear of missing out.&quot;

&ldquo;In the last five months, dozens of lenders, including the big four banks, have hiked many of their longer-term fixed rates. Taking these record-low fixed rates off the table has been the push some people needed to refinance,&quot; she added.

The latest figures from the ABS show the total value of refinanced loans hit $16.24 billion in June, a new record high

jordan_55689

Mortgage refinancing is hitting record highs: RateCity

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Mortgage holders are continuing to refinance their home loans as banks fight for market share as interest rates continue to hold at record lows.
There's no suggestion from the RBA that rates will change until at least 2022 as the central bank attempt to drive the economy.
And as fixed rate mortgages expire, more and more mortgage holders are likely to refinance.
<img src="https://www.urban.com.au/images/2020/9/14/Refinancing.png" alt="">
According to CoreLogic's early market indicators, refinancing mortgages have rose 1.4 per cent.
That takes refinancing up over 23 per cent year on year.
Mortgages for new purchases dropped slightly over the last week, down -01.8 per cent, but are still over 25 per cent up year on year.
And CoreLogic has seen a -42 per cent decline over the week in MIP reports, which is reports for a mortgagee in possession valuation..
<h1>Newly Advertised Properties</h1>
Newly advertised properties were up 2.41 per cent over the week, according to CoreLogic's database.
New listings however are still -5.6 per cent down over the month.
Rental listings are up 5.2 per cent, again still down over the month.
<img src="https://www.urban.com.au/images/2020/9/14/Newly%20advertised%20property.png" alt="">
<h1>Pre-listing Activity</h1>
There's been a small rise in pre-listing activity, which CoreLogic define as more comparative market analysis reports being generated through their platform.
This report is essentially an indicator of new listings on the horizon.
<img src="https://www.urban.com.au/images/2020/9/14/pre-listing%20activity.png" alt="">
 
 
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Refinancing mortgages continue to rise as new listings also up: CoreLogic's weekly snapshot

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Mortgage activity is up 10 per cent on this time last year, according to CoreLogic's new Early Market Indicators report.
Through to the week ending June 28, activity was up 10.33 per cent on the same time in 2019.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/6/30/Mortgage%20activity.jpg" target="_blank">click here</a>.
<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/2020/6/30/Mortgage%20activity.jpg" alt="">
 
Unsurprisingly the uptick in mortgage activity has been driven by mortgage holders refinancing given record low interest rates.
Mortgage holders refinancing are up 33 per cent over the same week last year. Refinancing made up 68 per cent of new mortgages written week ending June 28.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/6/30/Loan%20Purpose.jpg" target="_blank">click here</a>.
<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/2020/6/30/Loan%20Purpose.jpg" alt=""> 
New mortgages written are up 11 per cent over the same week in 2019. 
 
 
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Mortgage activity up 10 per cent, driven by refinancing: CoreLogic

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EXPERT OBSERVATION
Demand for fixed rate home loans was stable in October, reveals data from Mortgage Choice.
According to the Company’s home loan approval data, demand for fixed rate home loans has stalled, accounting for 14% of all home loans written throughout the month of October, the same proportion as the month prior.
Our home loan data reveals that despite extremely competitive fixed-rate pricing, borrowers are reluctant to lock in a fixed rate. The level of demand for fixed rate home loans has not changed in four months and is significantly lower year on year. In fact, fixed rate loans accounted for a quarter of all home loan demand in October 2018.
In the current low-rate environment, we are seeing interest rates on fixed-rate home loans fall below 3% p.a., which makes it even more surprising to see fixed rate demand hover at levels not seen in eight years.
That being said, speculation is rife that the Reserve Bank of Australia will cut the cash rate a fourth time this cutting cycle, which would be reason enough to keep borrowers from locking in.
Demand for fixed rate loan products varied across the country. Borrowers in Victoria were the least likely to fix, with only 7% of borrowers locking in their rate, followed by Western Australia where 8% locked into a fixed rate product.
Meanwhile, borrowers in New South Wales were the most likely to choose a fixed interest rate home loan, with 18% choosing this loan, followed by borrowers in South Australia, where 17% chose to fix.
I suspect fixed rate demand is likely to remain at the same levels into the new year.
With such low interest rates on offer, now could be a great time to lock into a fixed rate home loan or make the decision to fix part of your home loan so can enjoy the best of both worlds. Ultimately, the answer to the fixed versus variable debate will come down to each borrower’s unique financial situation, needs and long-term goals.
My advice to borrowers who foresee a change to their income or face the possibility of budget constraints would be to speak to their mortgage broker. If you seek the comfort of knowing that you will have home loan repayment certainty, a fixed rate loan might be the right option for you.
That being said, if you want to take advantage of rate drops, a variable rate home loan might be a more suitable choice. We have seen variable rate home loan interest rates fall significantly off the back of three cash rate cuts from the Reserve Bank of Australia. If the RBA cuts the cash rate again, we could see variable rates drop even further.
Borrowers who are deciding whether to opt for a home loan with a variable, or a fixed interest rate would be well advised to speak to their local mortgage broker to discuss their options.
SUSAN MITCHELL is the Mortgage Choice Chief Executive Officer
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Fixed rate home loans remain unpopular: Mortgage Choice's Susan Mitchell 

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EXPERT OBSERVER
The latest ABS data on new housing credit showed a sharp rise in the value of home loan commitments, driven by a surge in owner occupier lending as well as a smaller rise in investment lending.
The rise in the value of owner occupier housing finance commitments over the September quarter (+12.1%) was the fastest quarter-on-quarter gain since the September quarter of 2015 (13.7%), taking the value of new owner occupier home loan commitments 17.3% higher since bottoming out in May earlier this year.
Growth in investment lending hasn’t been quite as strong, however the value of investment loan commitments was up 6.0% over the September quarter, which was the fastest gain since the December quarter of 2016.
The value of investment loan commitments is now 8.4% higher than the May 2019 trough.
With owner occupier credit outpacing investment credit, investors now comprise the lowest portion of housing loan commitments since the ABS records commence in 2003, currently tracking at 24.8% of the value of new mortgage commitments.
In contrast, shortly after the first round of macro-prudential rules were introduced in December 2014, investors comprised 43% of national mortgage demand. The trends in housing credit are similar across the states, with the value of owner occupier loan commitments generally outpacing investors.
Click <a href="https://www.propertyobserver.com.au/images/2019/11/14/Mortgage%20volumes%201.JPG" target="_blank">here</a> to enlarge.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%201.JPG" alt="">
New South Wales The value of owner occupier loan commitments was up 12.3% over the September quarter, compared with a 3.3% rise in investment.
Although investment credit growth is slower, NSW has the largest concentration of investment activity across the states, with investors comprising 30.5% of mortgage demand based on value.
First home buyers have surged higher over the past couple of years, as stamp duty exemptions and lower housing values have encouraged first timers back into the market.
First home buyers have comprised more than 25% of owner occupier mortgage demand since March this year, more than double the proportion of first home buyers prior to the market peak.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%202.JPG" alt="">
Victoria The value of owner occupier home loan commitments was 11.3% higher over the September quarter, compared with a 10.6% lift in investment lending.
Non-first home buyers drove the quarterly gains, with the value of loans up 13.4%, compared with a 9.2% rise in first home buyer lending.
The value of investor loan commitments remains almost 9% below the level a year ago, however Victoria is showing the second largest concentration of investors (after NSW), comprising 25.2% of mortgage demand in September.
First home buyers have been holding above 30% of owner occupier mortgage demand since February this year.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%203.JPG" alt="">
Queensland Investors are driving the largest increases in the value of mortgage activity, with the value of investor loans up 12.5% over the September quarter, compared with a 8.4% lift in owner occupier lending.
Despite the larger rise in investment lending, investors comprise only 17.9% of mortgage demand across Queensland, the second lowest proportion across the states (after WA).
First home buyers showed a larger lift in the value of lending over the quarter, up 11.1% compared with a 8.4% increase in the value of non-first home buyer loans.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%204.JPG" alt="">
South Australia Non-first home buyers are driving mortgage demand across South Australia, with the value of mortgage commitments up 10.8% over the September quarter, compared with a relatively flat 0.8% lift in first home buyer lending and a 1.3% increase in investment lending.
First home buyers have seen a stronger result over the past year, with the value of loans up 9.4%.
The September data showed investors comprised 21.9% of mortgage demand, which was well below the decade average of 29.9%.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%205.JPG" alt="">
Western Australia Mortgage activity is finally showing an upwards trend across Western Australia, with the value of owner occupier lending up 15.8% over the September quarter, while the value of investor loans surged 24.1% higher.
The quarterly result was the strongest gain for owner occupier lending since 2009 and the surge in the value of investment loans was the highest since 2005.
Mortgage lending is rising from a very low base, especially across the investor segment, after a prolonged period of weak credit growth.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%206.JPG" alt="">
 Tasmania Mortgage lending was positive on an annual basis across each of the broad market segments, driven by a surge in investment lending over the quarter (+32.4%) and a less substantial 26.2% lift in the value of owner occupier loans.
Tasmania was the only state to record an annual lift in the value of mortgage commitments across each of the broad market segments.
 
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%207.JPG" alt="">
Northern Territory The value of mortgages was down over the quarter and over the year across each of the broad market segments.
Over the past year, investor mortgage commitments were down the most (-30.5%), with a large fall across the first home buyer segment as well (-29.7%).
With housing values around 31% below their peak across the NT, first home buyers are taking advantage of very healthy levels of housing affordability, showing the highest concentration of any State or Territory across the NT, comprising 38.2% of owner occupier demand based on the value of new commitments.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%208.JPG" alt="">
Australian Capital Territory The value of owner occupier mortgage commitments was up 20.7% over the September quarter, driven by a surge in first home buyer activity where the value of lending jumped 75% higher.
The value of mortgage lending across the larger non-first home buyer sector of the market was up 10.3% and investment lending was 9.5% higher over the quarter.
The rebound in new housing credit flows is running in parallel with increased buyer activity and rising residential property values.
<img src="https://www.urban.com.au/images/2019/11/14/Mortgage%20volumes%209.JPG" alt="">
According to CoreLogic’s Home Value Index, national dwelling values bottomed out in June this year, the same month that housing credit started to rise.
The improved credit flows have been supported by APRA’s decision to relax borrower serviceability rules, as well as the lowest mortgage rates since at least the 1950’s.
The flow of new credit is likely to be a key factor monitored by policy makers.
Any sign of a material rise in speculative buying activity, higher household debt or a slip in lending standards could be met by another round of macroprudential credit tightening, however at the moment, despite the recent surge in housing credit, investors remains underrepresented in the market and overall credit growth (based on the RBA credit aggregates) remains subdued, implying a strong focus on debt reduction from households.
The next round of APRA statistics providing an insight into key metrics covering riskier areas of lending such as the proportion of interest only loans and the proportion of high LVR lending is due out next month.
These statistics should provide some further guidance around any regulatory response that could impact on housing credit activity.
TIM LAWLESS is the CoreLogic head of research.
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New mortgage commitment values rising sharply: Tim Lawless

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<div class="b-article_blog__wrapper__intro">
Mortgage brokers settled 59 per cent of residential home loans in the 2018 September quarter, which was up from 53 per cent in the same quarter of 2017.
The escalating credit crunch implemented by the big banks in the wake of the banking royal commission triggered the largest year-on-year increase for any quarter over the last four years. 
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<div class="b-article_blog__wrapper__content">
The data from CoreLogic also revealed that settled broker volumes slipped between the September 2017 and September 2018 quarters from $51.77 billion to $50.19 billion, a three per cent fall.
Mortgage brokers provide their potential clients access to a panel of 34 lenders on average.
<div class="b-article_blog__wrapper__intro">
The new statistics reporting a sharp rise in broker market share came from the research group Comparator, a CoreLogic business.
Deloitte Access Economics issued a report last July which said the industry employed an estimated 22,215 people, which included 14,230 active brokers and 7,985 support staff.
Mortgage brokers, on average, have 13.8 years of experience in the industry.
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Australian mortgage brokers are settling 59 per cent of residential home loans

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Both Queensland and Victoria has the highest month on month change for mortgage market activity, according to CoreLogic’s latest weekly report.
The property data firm says that both Queensland and Victoria’s mortgage market activity has increased by 6 percent.
<a href="/images/2016/12/05/Mortgage%20market%20activity.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/12/05/Mortgage%20market%20activity.jpg" alt="">
This is compared to New South Wales with the lowest increase of only 1 percent.
On a month to month trend basis, however, Tasmania has the highest increase of 5 percent.
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Queensland and Victoria's mortgage market activity increases by 6 percent

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Darwin has the highest median time on market out of all capital cities, according to CoreLogic’s latest weekly report.
On average, a house at Darwin can expect to be on the market for 104 days, while units take 113 days to sell.
The average vendor discount in the city is the highest, with an 8% discount for homes and a 9% discount for units.
<a href="/images/2016/10/31/Capital%20city%20median%20time.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Capital%20city%20median%20time.jpg" alt="">
This is in contrast to Sydney, where the average home will sell after being on the market for 28 days, while units will sell after only 27 days.
Similarly, the average vendor discount in the harbour city is low – 4% for both a home and a unit.
Western Australia has the highest month on month change for mortgage activity with a recorded 4% increase to 101.2 on the index value.
However, this still represents a decline in the month on month trend line by more than 4%, as the city's market attempts to recover form a post mining boom slump.
<a href="/images/2016/10/31/Mortgage%20market%20activity.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Mortgage%20market%20activity.jpg" alt="">
Tasmania had the highest decline for month on month (4%), resulting in an index value of 84.8.
South Australia has seen the highest growth in listing market activity with an increase of 6% month to month with a seasonal change increase of 1%.
<a href="/images/2016/10/31/Listing%20market%20activity.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/31/Listing%20market%20activity.jpg" alt="">
Overall, the listing market activity for all capital cities have declined by 1% despite a seasonal increase of 1% to balance it out.
The biggest decline was in Tasmania, where the month to month change declined by 9%.
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Darwin's median time on market exceeds 100 days for houses and units: CoreLogic

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Mortgage market activity has decreased, according to CoreLogic, especially in Queensland and WA.
<a href="/images/2016/09/26/Screen%20Shot%202016-09-26%20at%2011.42.52%20AM.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/26/Screen%20Shot%202016-09-26%20at%2011.42.52%20AM.jpg" alt="">
 
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