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

Joel Robinson

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

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

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

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

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

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

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

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

Billbergia, Metrics, approved for $3.5 billion Sydney skyscrapers

New Developments

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The Grounds of Kew in Melbourne will be the first apartment project in Australia to have its own private putting greens.
Each of the four courtyard apartments will have the option to install their own private greens.
The courtyards range in size from 237sqm – 271sqm.
The Beulah International development will feature 20 luxury residences, with prices starting from $1,415,000.
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Award-winning landscaper Paul Bangay has drawn inspiration from the grand estates and gardens of Kew to create a private playground for each ground floor residence.
Beulah International general sales manager Jamie Baldwin said Kew is home to one of Melbourne’s oldest established golf clubs, which has 1,300 playing members.
“This is a fantastic and rare opportunity for residents, as they can practise their putting skills before playing down at the local club,” he said. 
Beulah has partnered with Australian professional golfer and PGA Member Craig Spence, who has provided guidance on how to achieve the best possible private putting green experience in the residences, and will host a putting masterclass at the display suite next month. 
Spence has played 14 years on world tours including a US PGA tour and Europe and won the 1999 Australian Masters. 
Spence said having access to a personal practice putting green is a dream opportunity. 
“So much so, that even Tour Professionals in the US are putting in private putting greens,” he said. 
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Beulah International executive director Adelene Teh said Beulah’s vision is to deliver the first project in Kew amongst the Sackville Ward community, with multiple four-bedroom, 4-garage apartment homes. 
“Kew is one of the most prestigious addresses in Melbourne and is an untapped market when it comes to hyper-luxury, modern developments,” she said. 
Drawing inspiration from Sackville Ward’s grand mansions and Federation Architecture, The Grounds will only be four levels high. 
Featuring a range of two, three and four-bedroom single level residences, The Grounds of Kew will be priced from $1.415 million to $4.920 million, with apartments ranging in size from 106sqm – 296sqm internally with additional outdoor space. 
Two lavish penthouses will sit atop The Grounds, accessed by a private lift.
 
For more information <a href="http://www.thegroundsofkew.com.au" target="_blank">click here.</a>
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jrobinson-rf4aSBido9

Courtyard apartments in new Kew development with very own putting green

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Guest Observer
Dwelling approvals were a touch firmer than expected in March, rising 2.6% in the month vs consensus forecast of a 1% gain. Approvals are up 14.5%yr although the gain is exaggerated by monthly volatility affecting the base period. For Q1 as a whole, approvals are up 2.1%qtr and 8.5%yr.
Volatility more generally remains a significant issue, making it difficult to get a precise fix on momentum. Our preferred approach is to focus on 3mth averages as shown in the table right and as solid lines in most of the accompanying charts. However even this has shown significant volatility since late last year especially in the lumpy 'high rise' segment that has dominated the current cycle (monthly moves in this segment have averaged ±40% since Nov).
For the March month, the headline gain was led by a strong rebound in +6.1%mth and a reasonably solid 1.1%mth gain for private detached houses. For Q1 as a whole, units were up 1.8%qtr and houses up 2.4%qtr. Within the 'units' segment 'high rise' rebounded over 20% in the March month but were still down 6.9%qtr. 'Low rise' approvals rose 4.9%qtr.
On a combined basis, 'non-high rise' approvals were down 0.9%mth but up 3%qtr. This is a little firmer than expected with construction-related finance approvals pointing to more of a softening. For Q1 as a whole, Non high rise approvals are up 4.8%yr.
The state detail shows strength is heavily concentrated in Vic with total approvals in the state up +7.3% in the March month. Although a sharp high rise spike in Nov means Vic approvals are down 6.7% for Q1 as a whole they are up an impressive 20% on Q1 last year.
NSW recorded a sharp pull-back in the month (–12%). Qld approvals dipped 0.8% although within this a sharp pull back in units was offset by a strong rise in houses (+6.5%mth). On a quarterly basis, NSW is showing a clear trend decline with total approvals down 2.7%yr whereas Qld approvals are up solidly by 15.2%yr.
Overall, the state detail looks to be broadly consistent with an expected pull-back in high rise approvals concentrated in NSW and Qld with Vic expected to hold up better. The value of renovation approvals fell 6.3% in the month, down 4.5%qtr for Q1 as a whole with a slight downtrend now in place.
The value of non-res building approvals declined 4.6%mth but followed a 22% rebound in Feb from a similar sized declined in Jan. The dominant driver continues to be a sharp fall back in the previously very strong office segment.
Overall, despite the stronger than expected read on dwelling approvals this month the state mix on high rise activity remains consistent with lead indicators pointing to another leg lower led by NSW and Qld. Meanwhile construction-related finance approvals continue to point to a further softening to come for non-high rise segments.
<h2 class="Textspacebefore">Matthew Hassan is senior economist with <a href="https://www.westpac.com.au/" target="_blank">Westpac</a>.</h2>
 
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Volatility in high-rise dwelling approvals continues: Westpac's Matthew Hassan

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The Melbourne-based developer The Shakespeare Group has awarded a $150 million building contract to builder, Icon Co, for the construction of its landmark residential project, St. Boulevard.
It is on St Kilda Road.
The developer has commenced construction across all three buildings (Anaca, Ginko and Magnolia) at once, with the view to deliver the first two completed towers in late 2019, and the third in Q1 2020.
"Commencing construction on St. Boulevard is an important milestone that we are proud to share with our purchasers and future purchasers to give them confidence not just in the project, but in the off-the-plan industry overall," director of The Shakespeare Group, Catherine Law.
The development, home to three residential towers comprising a total of 420 apartments, will have over 4,000 square metres of 5-star resident amenities and lush landscapes.
Architects Elenberg Fraser have included amenities including a resort-style pool, private dining and entertainment areas, children’s play areas, a karaoke and games room, fully-equipped gym, spa, sauna and private cinema room.
Icon Co is one of the industry’s most sought-after builders, having delivered over 125 projects worth over $2.5 billion.
St. Boulevard indicated the sales success of the project has seen some 75% of apartments sold. 
The move comes amid growing industry concerns about the rising cost of construction across Victoria, which has stalled some developments and placed upward pressure on the supply of new apartments. 
According to the latest CoreLogic Cordell Housing Index Price Index, increasing competition among developers to meet Victoria’s rapid housing needs pushed the prices of construction in Victoria up by 5% from 2016 - 2017. 
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Icon secures $150 million St Kilda Road, St. Boulevard construction contract

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R&amp;F Property Australia has today turned the sod on what will become one of Footscray’s most significant and largest urban regeneration projects – Live City.
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The site represents a new era for the Kinnears Ropeworks factory. 
The site is centrally positioned between the Victoria University, Western Hospital and Highpoint Shopping Centre.
The sit is being repurposed into a residential and mixed-use precinct of up to 1,450 dwellings. 
Built in 1908, the former Kinnears Ropeworks will require econservation works to be undertaken and R&amp;F Property Australia has told River and Yarraville Ward councillors it is committed to honouring the factory’s industrial past.
It is R&amp;F Property Australia’s first development in Victoria after purchasing the site in August 2016. 
Its experienced development team have been working with Heritage Victoria over the past 18 months to design and deliver an exciting new precinct which carefully balances the site’s State Heritage listing.
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R&amp;F Property Australia vice president Thomas Chiu said the project will create a lively community.
“Live City will set the tone for Footscray’s newest precinct with conservation of three heritage buildings, approximately 1,450 apartments, specialty retail, commercial offices and public spaces to bring this vibrant new community to life,” he said.
“The development comes with a vision to create a sustainable hub that integrates seamlessly with the surrounding local neighbourhood, along with increased housing and amenity for Melbourne’s inner- west. 
“We want to create lively communities that have good transport connections, shops, cafes and access to employment and education facilities,” Mr Chiu said. 
Development will be staged over the next 6-8 years, to incorporate six precincts with a project total end value estimated at $750 million. 
The first stage of Live City is located on the site’s western edge between Ballarat Road and Kinnears Street and will feature 208 residential apartments within three buildings.
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Heights will vary between eight and eighteen storeys and will comprise a mix of retail, residential and carparking facilities on the ground level.
R&amp;F Property Australia is part of R&amp;F Properties, a global property development group.
Its offices in Melbourne and Brisbane, R&amp;F Property Australia works closely with all levels of government, industry partners, local contractors and communities to create high-quality, high-demand mixed-use, residential, commercial, and urban development projects.
For more information <a href="http://ppmga.com.au/project/r-f-property-australia-l-v-e-project/" target="_blank">click here.</a>
 
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Construction begins at Live City, the $750 million Footscray regeneration project

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The Lennox Parramatta, a mixed-use riverside development, will comprise 441 studio, one, two, three and four-bedroom residences.
Residences will range from 40 square metres to 206 square metres internally with prices starting at $495,000 to more than $3.5 million for the development’s opulent SkyVillas.
<a href="https://www.realestate.com.au/project/the-lennox-parramatta-600016030" target="_blank">The project </a>also includes 5,500 square metres of retail and mixed-use space and eight levels of basement parking.
The tower’s slender reflective glass form has an expected construction completion date in late-2020. 
Located at the junction of the historic Lennox Bridge and Parramatta’s Church Street dining and shopping precinct, the $450 plus million project will rise 47 levels.
It is the result of a Project Development Agreement by the City of Parramatta and PCC DevCo1 Pty Ltd, with development management by EQ Projects. 
The design is by architects, Marchese Partners, with the styling by Lorena Gaxiola.  
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Lorena Gaxiola decor at The Lennox Parramatta with pricing from $495,000

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A development site in Applecross, the Perth riverside suburb, is set to change the face of the skyline.
The 1.75 hectare site in the coveted Canning Bridge Precinct is being offered with the vision of the current consortium of landowners.
They engaged global design group Woods Bagot to develop a concept master planned community.
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The result of the international studio team’s work has been ‘Applecross Central’, a mixed use precinct with six distinct zones; specialty retail, premium residential accommodation, commercial office space, a 5-star hotel, retirement living and a school, all set amongst integrated public spaces.
 “The vision was about creating the next generation of mixed-use developments for Perth”, Woods Bagot director Mark Mitcheson-Low said. 
“The development will take Perth to new heights and is a project that could be recognised anywhere as a world-class advancement to the next century community”.
“The complementary and distinctively designed mixed-use precinct balances a mix of commercial, residential, retail and community services and amenities and brings convenience to the doorstep of the Applecross community."
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JLL's Nigel Freshwater, Sean Flynn and Tom Nattrass are marketing the property on the corner of Canning Highway and Sleat Road.
Freshwater said the site offered a rare opportunity.
“The ‘Applecross Central’ site provides significant development scale and tremendous, unprecedented scope for a fully integrated, high density mixed-use development precinct envisaged to become the thriving heart and form the centerpiece of the Canning Bridge Precinct.
“This is a very rare opportunity indeed and without doubt will attract significant local, national and offshore interest from developers and investors, seeking a truly unique and unrivalled project, capable of delivering a full suite of end-product across a multitude of sectors."
Applecross Central is being offered for sale via expressions of interest.
For more information click here.
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Applecross set for new skyline

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International award-winning aged care developer Mark Moran Group are teaming up with a number of industry leaders to create a new batch of residential apartments on Sydney's upper north shore.
The Warrawee apartments dubbed 'Embrace' will be created by architect Benson McCormack, interior designer Evette Moran and landscape architect Charlie Albone.
The project at 1496 Pacific Highway will comprise 52 one, two and three bedroom apartments over two buildings. 
Mark Moran Group founders Mark and Evette Moran decided that the time was right to share their expertise, according to Mark Moran Group property director David Bacon.
“Our development philosophy is to consistently design with integrity and innovation… maintaining a specific focus on user delight and life quality," Bacon said.
"We develop, own and successfully operate a varied property portfolio across seniors, residential, tourism and hospitality sectors… a collaboration with residential apartments is the next exciting step for the Mark Moran Group.
Bacon said Mark Moran Group have assembled an exceptional project team to deliver a unique and wonderful setting.
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Savills are marketing the campaign lead by the director of residential projects Peter Coulton.
“Evette Moran is regarded as one of the most innovative interior designers around," Coulton said. 
In 2016 she was awarded Industry Changemaker for innovation for all of Australia and Asia.
“The architects, Benson McCormack Architecture, have worked with landscape architect Charlie Albone from the hit television programme, Selling Houses Australia, to create a beautiful communal courtyard downstairs between the two buildings," Coulton said.
A rooftop garden will feature BBQs and shading, providing living space extensions and space for a true community to foster.
There will be citrus trees and a herb garden within the central communal courtyard.
The development overlooks a nature reserve at the rear, while existing native trees on the site have been included in the landscape plans.
For more information <a href="http://www.embracewarrawee.com.au/" target="_blank">click here.</a>
 
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Mark Moran Group diversify into residential development 

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Three new retail shops facing Liverpool Road in the upcoming Ashfield Central project are listed through Belle Property Commercial Inner West.
The Abacus Property Group development comprises of 101 apartments above the three retail lots.
The development, located in the heart of Ashfield’s commercial precinct, is described as prime real estate by Belle Property Commercial Inner West agent, Rocco Tripodi.
“This part of Liverpool Road is prime real estate for businesses because the Ashfield Mall and train station generate an enormous amount of traffic flow every day.
"In fact, we see the highest volumes of pedestrian foot traffic on this Liverpool Road Retail Strip compared to any other precinct in the area,” he said.
Rocco citing the recent sales of ANZ Bank and Chemist Warehouse at strong yields, as reinforcement of the substantial interest in the suburb. 
“This is further reinforced by the commencement of the redevelopment of Ashfield Mall, which will include 101 new and sold-out residential apartments, substantial expansion of the shopping centre, 100 place childcare centre and the three retail strata shops on Liverpool Road that we are offering."
Offers for the Ashfield Central retail close March 22.
Recently two retail properties in the heart of Ashfield fetched a combined $14.53 million.
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Belle Property lists three Ashfield Central retail spaces

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The Reed Brisbane development group is giving buyers five years to settle if they buy any of the 20 remaining apartments in the 228-unit Belise project in Brisbane's Bowen Hills.
His deferred settlement marketing campaign was recognition of the difficult financing environment for investors, director Richard Ash said.
Buyers need to pay a deposit – of $60,000 or more – before they can take possession of a unit.
They will also pay monthly lease fees for five years, when the developer would hand over the title.
It will also sell the remaining units at prices ranging from about $400,000 up to $1 million unconditionally for cash at a lower price than those buying on a deferred basis.
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Reed has paid back its debts on the project, which completed last year, but has changed its offer.
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"The world has changed," he told Fairfax Media.
"There is no doubt the availability of debt for home owner-occupiers and investors has changed.
"Purchasers will find it easier to refinance or get finance in five years' time."
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Unit prices were likely to rise during the next five years, Mr Ash said.
"We think there may be some downside left but probably not a lot," he said.
"We're very comfortable that in the next three to five years there is upside in those prices."
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The deferred sales weren't a sign of distress on the part of the developer, fellow Reed director Ric Peterson said.
Property Observer wrote in 2014 that with 80% of the apartments sold, Belise would soon see a tower crane on the site.
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The $120 million<a href="https://www.belise.com.au/" target="_blank"> Belise project</a> had completion expectations for March 2016.
In 2016 the remaining in the development had prices start from $477,000. 
They had been advertised as "cash flow positive investments" from "year one". This would be for the after-tax outcome for a one-bedroom plus study with a 90% lend for assumed household income buyer of $80,000 to $180,000, at a $471,000 purchase price.
Breaking this down for a one-bedroom plus study shows that to get a substantial after tax cash flow, you would be renting it out furnished ($15,000 packages are available from the developer) or the positive cash flow is $1.63 per week after tax in year one. Adding the furniture package alters the numbers by slightly increasing the rent and providing more depreciation deductions. Interestingly, repairs and maintenance are kept equal for both equations. They make 5% annual capital growth rate assumptions. Body corporate is expected at $3,650 for year one and property management is estimated at 8% plus GST. A furnished apartment is projected as bringing in an after-tax positive cash flow of $84.20, according to their equations.
It was a slow start for the project, having launched in October 2010, but in November 2013 was seeing traction.
The median unit price in Bowen Hills peaked at $498,000 several years ago, according to RP Data.
 
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Five year delayed settlements offered at Brisbane's Belise development

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The transformation of one of Australia’s most iconic former prisons into a new age urban village will commence this month, with construction work to begin on the 167-year-old Pentridge Prison.
Pentridge Coburg developer Shayher Group will start work on the construction of the 6,000 square metre site’s large retail hub first, which will deliver cinemas and a new supermarket for Coburg when competed in late 2019.
The retail precinct will feature a shopping centre as well as a 15-screen Palace Cinemas.
The shopping centre is the centrepiece of Shayher Group’s vision to transform the former Pentridge Prison into a vibrant mixed-use urban village comprising cafes, restaurants, a hotel, shopping facilities as well as apartments and public open space.
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Spanning approximately 6.7 hectares, Pentridge Coburg will create more than 8000 jobs, including more than 1200 permanent jobs across retail, hospitality and hotel industries.
Shayher Group spokesperson Anthony Goh said construction commencement aimed to give future tenants and the local community confidence that the project is on track.
“This is an important milestone for the revitalisation of Pentridge Prison and its transformation into a vibrant community asset, driving economic and employment growth locally,” he said.
“The construction process will be sensitive to the existing heritage of the prison and undertaken in a manner that will ensure the heritage elements live on for many decades to come.
“For our future retail tenants, Palace Cinemas, Zero95 Wood Fire Pizza Bar and Adina, the construction commencement marks the beginning of our journey in making Pentridge Coburg a place for the local community to experience and enjoy.”
Pentridge Coburg’s retail precinct has generated strong interest from Melbourne’s hospitality and retail industry, which sees the potential a project of this size has to reinvigorate the local Coburg economy and turn the area into the next inner-city hotspot.
In addition to Palace’s support for the project, Adina has signed on to operate a 120-room hotel on site.
Pentridge is on the Victorian Heritage Register, which is overseen by Heritage Victoria. 
Shayher Group has invested more than $2 million through various restoration works, including restoring the iconic guard towers.
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