<p data-end="460" data-start="273">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.</p>

<p data-end="972" data-start="462">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.</p>

<p data-end="972" data-start="462"><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" /></p>

<p data-end="1568" data-start="974">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.</p>

<p data-end="1568" data-start="974">“Lush subtropical greenery is throughtfull woven throughout, transforming the building into a sanctuary in the heart of the city.”</p>

<p data-end="2022" data-start="1570">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.”</p>

<p data-end="2022" data-start="1570"><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" /></p>

<p data-end="2481" data-start="2024">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.”</p>

<p data-end="2481" data-start="2024">"This approach results in a sculpted tower form with articulated façades and a strong vertical expression."</p>

<p data-end="2481" data-start="2024"><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" /></p>

<p data-end="2727" data-is-last-node="" data-is-only-node="" data-start="2483">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.</p>

<p data-end="2727" data-is-last-node="" data-is-only-node="" data-start="2483">"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."</p>

<p data-end="2727" data-is-last-node="" data-is-only-node="" data-start="2483">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;</p>


Joel Robinson

The Butterfly Effect: Glasswing butterfly inspires Taringa apartment development

<p>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.</p>

<p>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.</p>

<p>Bureau^proberts designed the Glen Road building, suggesting that 44 Glen "acknowledges a transitioning suburb."</p>

<p>"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.</p>

<p>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.</p>

<p><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" /></p>

<p>"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.</p>

<p>"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."</p>

<p><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" /></p>

<p>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.</p>

<p>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.</p>

<p>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."</p>

<p>"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."</p>

<p>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.</p>


Sammut makes Brisbane apartment play

<p data-end="326" data-start="135">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.</p>

<p data-end="706" data-start="328">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.</p>

<p data-end="1154" data-start="708">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.</p>

<article data-scroll-anchor="true" data-testid="conversation-turn-16" data-turn="assistant" data-turn-id="request-68be079c-2280-8332-8559-2c8fc21704c5-15" dir="auto" tabindex="-1">
<p data-end="409" data-is-last-node="" data-is-only-node="" data-start="60">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.</p>

<p data-end="495" data-start="80">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.</p>

<p data-end="652" data-start="497">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.</p>

<p data-end="859" data-is-last-node="" data-is-only-node="" data-start="654">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.</p>
</article>

<h2>Exhale<br />
Where: Surfers Paradise<br />
Who: SIERA</h2>

<p>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.</p>

<p data-end="745" data-start="645">Designed by BDA Architecture, the 25-level tower will house a maximum of three residences per floor.</p>

<p>[smartcode_project:default project_id=112661 project_image_fid=300829]</p>

<p data-end="972" data-start="747">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.</p>

<p data-end="1194" data-start="974">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.</p>

<p>[smartcode_project:default project_id=112661 project_image_fid=355937]</p>

<p>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.</p>

<h2>Sandpiper<br />
Where: Broadbeach<br />
Who: Polycell</h2>

<p data-end="1623" data-start="1430">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.</p>

<p data-end="1878" data-start="1625"><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.</p>

<p><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" /></p>

<p data-end="2292" data-start="1880">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.</p>

<p data-end="2292" data-start="1880">MOTIV is handling the sales campaign.</p>

<h2>Josephine by Mosaic<br />
Where: Burleigh Heads<br />
Who: Mosaic</h2>

<p>Bullet-proof South East Queensland developer Mosaic Property Group will unveil its latest luxury Burleigh Heads beachfront apartment development in the new year.</p>

<p data-end="2651" data-start="2492">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.</p>

<p data-end="2999" data-start="2653">[smartcode_project:default project_id=149424 project_image_fid=353507]</p>

<p>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.</p>

<p>Resident amenities will include a pool, spa, gym and sauna.</p>

<h2>Palmiere<br />
Where: Palm Beach<br />
Who: BPG Developments</h2>

<p data-end="3254" data-start="3134">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.</p>

<p data-end="3453" data-start="3256">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.</p>

<p data-end="3661" data-start="3455">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.</p>

<p><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" /></p>

<p>“Palmiere represents a natural extension of BPG Developments’ growing coastal portfolio and reinforces our commitment to delivering high-calibre residential projects across Southeast Queensland.”</p>

<p>“Palm Beach embodies the core principles of our approach. A bespoke, refined design, exceptional craftsmanship and a genuine connection to place.</p>

<p>MOTIV will handle the sales campaign.</p>

<p>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.<br />
<br />
“A site like this is incredibly rare and we expect the market to react positively and swiftly when we launch early next year.”</p>

<h2>What: Bronze on Chevron<br />
Where: Chevron Island<br />
Who: Gardner Vaughan Group</h2>

<p data-end="4101" data-start="3941">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.</p>

<p data-end="4263" data-start="4103">The project will comprise one- to four-bedroom apartments alongside two ground-floor retail tenancies designed to complement Chevron Island’s village character.</p>

<p><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" /></p>

<p>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.</p>

<p>“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.”</p>

<p>Colliers will manage the sales campaign.</p>

<h2>Rana<br />
Where: Palm Beach<br />
Who: Macquarie York</h2>

<p data-end="4728" data-start="4604">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.</p>

<p data-end="4949" data-start="4730">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.</p>

<p><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" /></p>

<p>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.</p>

<p>Plus describes the tower as “a refined yet understated aesthetic that balances warmth with contemporary elegance”.</p>

<p>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.</p>

<h2>Where: Kirra<br />
Who:&nbsp;Immerse Projects</h2>

<p data-end="5306" data-start="5179">Immerse Projects will bring its next Kirra development to market in 2026, following the completion of Rhythm earlier this year.</p>

<p data-end="5550" data-start="5308">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.</p>

<p>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.</p>

<p><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" /></p>

<p>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.</p>

<p>“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”.</p>

<h2>Nalu<br />
Where:&nbsp;Miami<br />
Who:&nbsp;Monaco Property Group</h2>

<p data-end="6067" data-start="5949">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.</p>

<p data-end="6288" data-start="6069">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.</p>

<p data-end="6534" data-start="6290">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.</p>

<p><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" /></p>

<p>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.</p>

<p>“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."</p>

<h2><b>Avva<br />
Where: Broadbeach<br />
Who: Bassar Group</b></h2>

<p data-end="6933" data-start="6813">Bassar Group will take to market Avva next year, its sister tower to the successful Infinity development on Surf Parade.</p>

<p data-end="7146" data-start="6935">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.</p>

<p><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" /></p>

<p>Amenities will include a lap pool, wellness area, yoga deck and sauna facilities. The project will replace the former MaxMar apartment block.</p>

<p>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.</p>

<h2><b>Where: Kirra<br />
Who: MAYD Group</b></h2>

<p data-end="7475" data-start="7361">MAYD Group is expected to launch its $350 million luxury hotel and apartment development in North Kirra next year.</p>

<p data-end="7739" data-start="7477">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.</p>

<p data-end="7913" data-start="7741">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.</p>

<p><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" /></p>

<p>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.</p>

<p>&nbsp;</p>

<p>“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.</p>


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

<p>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;</p>

<p>There will be 286 new units delivered as part of the first stage. There will be around 700 units across three stages.</p>

<p>“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.</p>

<p>"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.”</p>

<p>The new facility will comprise:</p>

<p>• An eight-lane 25 metre lap pool</p>

<p>• A 20-metre warm water program pool with relaxation zone</p>

<p>• Dedicated facilities for families and recreation, including a toddlers’ pool, learn to swim pool, leisure pool, and indoor and outdoor water play splash pads</p>

<p>• Wellness amenities, including steam and sauna facilities, a marshalling area to support organised programs and events, and an on-site café</p>

<p>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.</p>

<p>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.</p>

<p>“We have designed the residential apartments as part of a well-considered Woden precinct that prioritises lifestyle, long-term amenity and connectivity," added Geocon.</p>

<p>"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.”</p>

<p>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.</p>


Geocon approved for Woden Pool project

<p>&nbsp;</p>

<p><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>.</p>

<p>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.</p>

<p>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;</p>

<p>“Getting council approval marks an exciting milestone for us at Sherpa,” said Christie Leet, founder of Sherpa Group.</p>

<p>[smartcode_project:default project_id=7574 project_image_fid=3770]</p>

<p>“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.”</p>

<p>The DA approval follows closely behind Symphony’s sales success, which has seen 73 per cent of apartments sold within one week of launching.</p>

<p>The project builds on the group’s success in Palm Beach on the Gold Coast, where it has recently launched Flourish Oasis.</p>

<p>“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.</p>

<p>“We want to create spaces where everyday life feels extraordinary – that’s what Flourish is about.”</p>

<p>[smartcode_project:default project_id=7574 project_image_fid=5155]</p>

<p>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;</p>

<p>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.</p>

<p>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.</p>

<p>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.</p>

<p>[smartcode_project_cta:default project_id=7574]</p>


Sherpa approved to develop Symphony, South Brisbane

Mortgage Volume

<div>Australia's largest mortgage aggregator Australian Finance Group (AFG) reported in its&nbsp;Mortgage Index&nbsp;that year-on-year total quarterly mortgage volumes increased by +8 percent to a record $15.19 billion.</div>

<div>&nbsp;</div>

<div>The index is not seasonally adjusted.&nbsp;</div>

<p><br />
<img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG4.jpg" /><br />
&nbsp;</p>

<div>Since the standard variable home loan rate fell below 7 percent in Australia in the September 2012 quarter, the average mortgage size has increased by +$90,000 or +23 percent.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG2.jpg" target="_blank">Click to enlarge</a></p>

<p><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG2.jpg" /></p>

<div>&nbsp;</div>

<div>Investor market share ticked back to 32 percent in the quarter - well down from the 2015 peak of 40 per cent - in part due to more restrictive lending criteria, combined with widespread fears of an apartment oversupply.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG5.jpg" target="_blank">Click to enlarge</a><br />
<img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG5.jpg" /></p>

<div>According to AFG the lift in mortgage volumes was largely driven by homeowners looking to save, with refinancers accounting for 38 percent of activity, up from 36 percent in the prior year comparative quarter. AFG noted that home loans are widely available from below 4 percent.&nbsp;</div>

<p><strong><span style="text-decoration: underline;">State versus state</span></strong><br />
&nbsp;</p>

<div>At the state level the average mortgage size hit new highs in New South Wales ($597,656) and Queensland ($400,566). South Australia also notched a fresh high average mortgage size of $379,405. Elsewhere average mortgage sizes were either at or below previous peaks.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG1.jpg" target="_blank">Click to enlarge</a></p>

<div class="separator"><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG1.jpg" /></div>

<p>&nbsp;</p>

<div>Quarterly mortgage lodgement volumes hit record highs in each of the three most populous states plus South Australia, offset by declines in Western Australia and the Northern Territory.&nbsp;</div>

<div class="separator">&nbsp;</div>

<div class="separator"><a href="/images/2016/10/10/AFG3.jpg" target="_blank">Click to enlarge</a></div>

<div class="separator"><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG3.jpg" /></div>

<div class="separator">&nbsp;</div>

<div>Victoria continues to defy gloomy predictions with heady levels of buyer activity, while Queensland also recorded an very large year-on-year uplift, even after accounting for possible shifts in AFG's market share.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG6.jpg" target="_blank">Click to enlarge</a></p>

<div class="separator"><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG6.jpg" /></div>

<p><br />
<strong><span style="text-decoration: underline;">The wrap</span></strong>&nbsp;</p>

<div>The AFG figures are always well worth a read given their materiality.<br />
<br />
The headline result was very strong, but it does need to be recognised that a significant volume of mortgage finance presently relates to refinancing in the prevailing low interest rate environment.<br />
<br />
These data suggest to me that interstate buyers are likely to see better results in Queensland than elsewhere, at least initially (for the right property type, at any rate, which does not mean high-rise apartments). The economy of Western Australia remains in recession, and as a result Perth may not come on to the radar of interstate buyers until 2018.&nbsp;</div>

<div>&nbsp;</div>

<div>
<p><span><em>PETE WARGENT&nbsp;is the co-founder of&nbsp;<a href="https://allenwargent.com/" rel="nofollow" target="_blank">AllenWargent</a>&nbsp;property buyers (London, Sydney) and a best-selling author and&nbsp;<a href="https://petewargent.blogspot.com/" rel="nofollow" target="_blank">blogger</a>.</em></span></p>

<p><em>His&nbsp;latest book is&nbsp;<a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" rel="nofollow" target="_blank">Four Green Houses and a Red Hotel</a>.</em></p>
</div>


pwargent-M4siyDbqQY

Average mortgage size hits new high: Pete Wargent

<html><body>
<div>
<div>EXPERT OBSERVATION</div>
<div> </div>
<div align="justify">Private sector credit (effectively outstanding loans) rose by 0.2 per cent in May after a 0.4 per cent rise in April. It was the slowest monthly growth in 16 months. Credit was up 4.8 per cent over the year – equalling the slowest rate in four years.</div>
<div align="justify"> </div>
<div align="justify">Investor housing finance was flat in May with annual growth easing to a record low of 2.0 per cent. The data has been compiled since 1990.</div>
<div align="justify"> </div>
<div align="justify">In seasonally-adjusted terms, new detached house sales fell by 4.4 per cent in May to stand 12.8 per cent down on the peak in December and stand 14.1 per cent lower than a year ago.</div>
<div> </div>
<div>Private sector credit figures have implications for finance providers, retailers, and companies dependent on business spending.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2018/6/29/CJ%20Graph%201.JPG" alt=""></div>
<div> </div>
</div>
<div>
<div><strong>What does it all mean?</strong></div>
<div> </div>
<div align="justify">The regulators have been clearly successful in slowing investor demand for home loans. Investor home lending is still growing, but at the slowest pace in 28 years of records.</div>
<div align="justify"> </div>
<div align="justify">Overall Aussie consumers and businesses remain wary about taking on more debt. Credit is broadly lifting in line with the nominal growth of the economy with owner-occupier home loans and business lending providing the main supports. The Reserve Bank will be comforted by recent trends.</div>
<div align="justify"> </div>
<div align="justify">Banks will need to work harder for the affections of borrowers and savers. Aussies are reluctant to borrow and returns on savings are arguably more attractive in the sharemarket.</div>
<div> </div>
<div><strong>What do the figures show?</strong></div>
<div> </div>
<div>Private sector credit (effectively outstanding loans)rose by 0.2 per cent in May after a 0.4 per cent rise in April. It was the slowest monthly growth in 16 months. Credit was up 4.8 per cent over the year – equalling the slowest rate in four years.</div>
<div> </div>
<div>Housing credit grew by 0.4 per cent in  per cent May and has risen 0.4-0.5 per cent a month over the past year. But annual growth eased from 6.0 per cent to 5.8 per cent – the lowest growth rate for over four years.</div>
<div> </div>
<div>Owner occupier housing credit rose by 0.6 in May to stand 7.9 per cent higher over the year.</div>
<div> </div>
<div>Investor housing finance was flat in May with annual growth easing to a record low of 2.0 per cent.</div>
<div> </div>
<div>Personal credit fell for the fourth straight month, down 0.1 per cent in May to be down 1.3 per cent over the year. It was the biggest annual decline in six years.</div>
<div> </div>
<div>Business credit fell by 0.2 per cent in May with annual growth easing from an 8-month high of 4.3 per cent to 3.8 per cent.</div>
<div> </div>
<div>Both M3 and Broad Money rose by 0.4 per cent in May to be up 2.5 per cent for the year. Broad Money is growing at the slowest annual pace in 25½-years.</div>
<div> </div>
<div>Term deposits with banks fell by $0.6 billion to $581.1 billion in May. Annual growth fell from 3.2 per cent to a four month low of 3.1 per cent.</div>
<div> </div>
<div>Loans and advances by banks grew by 4.9 per cent in the year to May. And loans and advances by non-bank financial intermediaries rose by 4.4 per cent over the year, down from a 9½-year high of 7.1 per cent in March.</div>
<div> </div>
<div>Deposits at banks rose by just 0.1 per cent in May to stand 2.5 per cent higher than a year ago.</div>
<div> </div>
<div>In seasonally-adjusted terms, new detached house sales fell by 4.4 per cent in May to stand 12.8 per cent down on the peak in December and stand 14.1 per cent lower than a year ago.</div>
<div> </div>
<div>The Housing Industry Association reported: The monthly reduction in May was synchronised across the surveyed states – sales fell by 6.8 per cent in New South Wales, 4.6 per cent in Victoria, 5.0 per cent in Queensland, 0.2 per cent in South Australia and 2.4 per cent in Western Australia.</div>
<div> </div>
<div>No data was published by the HIA for multi-unit sales.</div>
<div> </div>
<div><strong>What is the importance of the economic data?</strong></div>
<div> </div>
<div>Private sector credit figures are released by the Reserve Bank on the last working day of the month. Credit is separated into three categories – housing, other personal and business. Private sector credit is effectively the amount of loans outstanding in the economy. If growth in lending is strong then it suggests that credit from financial institutions is freely available, underlying demand for assets such as cars and houses is firm and that the price of credit (interest rates) is attractive.</div>
<div> </div>
<div>The Housing Industry Association releases data on the sales of new homes each month. The HIA collects the data each month from a sample of Australia's largest 100 home builders. The survey covers around 15 per cent of the home building industry.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2018/6/29/CJ%20graph%202.JPG" alt=""></div>
<div> </div>
<div><strong>What are the implications for interest rates and investors?</strong></div>
<div> </div>
<div>Home building and buying activity will be driven by those seeking to live in the dwellings rather than looking at homes as a potential investment. The latest trends in lending should allay concerns about the potential for a massive oversupply of homes developing.<br><br>
</div>
<div>The reduction in investor home loan demand should ensure that home prices grow at more sustainable rates over the next few years.</div>
<div> </div>
<div>Credit and money growth remain sluggish, keeping inflationary pressures at bay.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2018/6/29/CJ%20Graph%203.JPG" alt=""></div>
<div> </div>
<div>CommSec expects official interest rates to remain on hold until 2019.</div>
<div> </div>
<div><em>Craig James is chief economist at CommSec.</em></div>
</div>
</body></html>

cjames-5S2v74qSNK

Record slowdown for investor home loans: Commsec's Craig James

<div>Australia's largest mortgage aggregator Australian Finance Group (AFG) reported in its&nbsp;Mortgage Index&nbsp;that year-on-year total quarterly mortgage volumes increased by +8 percent to a record $15.19 billion.</div>

<div>&nbsp;</div>

<div>The index is not seasonally adjusted.&nbsp;<br />
<img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG4.jpg" /><br />
&nbsp;</div>

<div>Since the standard variable home loan rate fell below 7 percent in Australia in the September 2012 quarter, the average mortgage size has increased by +$90,000 or +23 percent.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG2.jpg" target="_blank">Click to enlarge</a></p>

<p><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG2.jpg" /></p>

<div>&nbsp;</div>

<div>Investor market share ticked back to 32 percent in the quarter - well down from the 2015 peak of 40 per cent - in part due to more restrictive lending criteria, combined with widespread fears of an apartment oversupply.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG5.jpg" target="_blank">Click to enlarge</a><br />
<img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG5.jpg" /></p>

<div>According to AFG the lift in mortgage volumes was largely driven by homeowners looking to save, with refinancers accounting for 38 percent of activity, up from 36 percent in the prior year comparative quarter. AFG noted that home loans are widely available from below 4 percent.&nbsp;</div>

<p><strong><span style="text-decoration: underline;">State versus state</span></strong><br />
&nbsp;</p>

<div>At the state level the average mortgage size hit new highs in New South Wales ($597,656) and Queensland ($400,566). South Australia also notched a fresh high average mortgage size of $379,405. Elsewhere average mortgage sizes were either at or below previous peaks.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG1.jpg" target="_blank">Click to enlarge</a></p>

<div class="separator"><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG1.jpg" /></div>

<p>&nbsp;</p>

<div>Quarterly mortgage lodgement volumes hit record highs in each of the three most populous states plus South Australia, offset by declines in Western Australia and the Northern Territory.&nbsp;</div>

<div class="separator">&nbsp;</div>

<div class="separator"><a href="/images/2016/10/10/AFG3.jpg" target="_blank">Click to enlarge</a></div>

<div class="separator"><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG3.jpg" /></div>

<div class="separator">&nbsp;</div>

<div>Victoria continues to defy gloomy predictions with heady levels of buyer activity, while Queensland also recorded an very large year-on-year uplift, even after accounting for possible shifts in AFG's market share.&nbsp;</div>

<p><a href="/images/2016/10/10/AFG6.jpg" target="_blank">Click to enlarge</a></p>

<div class="separator"><img alt="" data-entity-type="" data-entity-uuid="" src="/images/2016/10/10/AFG6.jpg" /></div>

<p><br />
<strong><span style="text-decoration: underline;">The wrap</span></strong>&nbsp;</p>

<div>The AFG figures are always well worth a read given their materiality.<br />
<br />
The headline result was very strong, but it does need to be recognised that a significant volume of mortgage finance presently relates to refinancing in the prevailing low interest rate environment.<br />
<br />
These data suggest to me that interstate buyers are likely to see better results in Queensland than elsewhere, at least initially (for the right property type, at any rate, which does not mean high-rise apartments). The economy of Western Australia remains in recession, and as a result Perth may not come on to the radar of interstate buyers until 2018.&nbsp;</div>

<div>&nbsp;</div>

<div>
<p><span><em>PETE WARGENT&nbsp;is the co-founder of&nbsp;<a href="https://allenwargent.com/" rel="nofollow" target="_blank">AllenWargent</a>&nbsp;property buyers (London, Sydney) and a best-selling author and&nbsp;<a href="https://petewargent.blogspot.com/" rel="nofollow" target="_blank">blogger</a>.</em></span></p>

<p><em>His&nbsp;latest book is&nbsp;<a href="https://www.bigskypublishing.com.au/Books/General-Interest/Four-Green-Houses--and-a-Red-Hotel/1015/productview.aspx" rel="nofollow" target="_blank">Four Green Houses and a Red Hotel</a>.</em></p>
</div>


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