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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A ground floor atrium will be a feature of a new laneway development linking Melbourne's South Yarra station and Chapel Street.
The atrium is part of Forrest Hill precinct's latest apartment project Yarra One and is designed by Fender Katsalidis Architects.
The atrium will feature a stage area with tiered seating for performances.
The atrium will connect Yarra Lane to Daly Street flows through to Chapel Street.
Andrew Leoncelli, managing director for residential projects at CBRE said there has been a true commitment to making a positive contribution to South Yarra’s growing community with the creation of this atrium.
“The atrium is an example of placemaking at its best and will transform the Forrest Hill precinct with its diverse range of amenity for both residents and the wider community.”
Karl Fender, founding director of Fender Katsalidis Architects said Yarra One’s atrium takes inspiration from Melbourne’s renowned network of laneways – the lifeblood of the city’s built environment – bustling with cafes, galleries, specialty shops and eclectic boutiques.
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Atrium and performance space slated for Yarra One development

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Developer Hyecorp Property Group are set to build a six storey residential development in Sydney's southern suburb of Sutherland.
The 33 apartment development, named Sia, is located at 66 Glencoe Street features  one-bedroom apartments range from $585,000 to $625,000, two-bedroom apartments priced from $770,000 to $840,000 and three-bedroom penthouse apartments ranging from $1,100,000 - $1,200,000.
Stephen Abolakian, managing director, Hyecorp Property Group said Sutherland was the obvious choice for the group when deciding where to build their first project outside of the lower north shore.
“Hyecorp is now a fast-growing company and there is a limited amount of development sites in the lower north shore, where we have been primarily active,” he says.
“When we were researching which area to expand into, Sutherland was a standout.
"It’s a low-risk area, it’s well-established with a strong population and there is high demand for the right kind of properties.
“We believe Hyecorp is well-placed to fill the gap in the market and the deliver for what Sutherland residents are looking for and Sia is a great example of this.
"We are offering high quality apartments in an area that has all the infrastructure and amenities that residents could want,” he says.
George Benlian, director of sales and acquisitions Hyecorp Property Group said Sia’s pricing was set before the State Government announced its housing affordability package and the company is hoping the development will attract a diverse range of buyers.
“Sutherland doesn’t have a lot of new stock that comes up – the availability of new apartments is very limited,” he says.
“So we anticipate there will be plenty of local buyers and investors attracted to Sia, as well as strong interest from first home buyers from other parts of Sydney, given the generous stamp duty concessions in the Government’s housing affordability package.
“Sutherland is an area that definitely has the potential for more density and growth in the medium-long term, so Hyecorp is thrilled to be coming into the community at this point in time.”
Hyecorp’s in-house architect Troy Kassabian says key to the design of Sia was maximising both the indoor and outdoor space of each apartment.
“The balconies and outdoor areas are really a continuation of the indoor living spaces to make the most of the views, the breeze and the natural light,” he says.
“Hyecorp prides itself on our attention to detail. For example, the apartments all feature full- size pantries with spice racks, high-quality Bosch appliances, ducted reverse cycle air- conditioning, gas points, high ceilings, high windows and shadowline cornices to include a sense of luxury.”
The grand opening of Sia’s full-fitted display apartment will be held on Saturday 29th July 2017 from 10am to 2pm at level 1, 49-51 Eton Street, Sutherland.
The display apartment will be open Thursdays to Sundays from 10am to 2pm following the grand opening.
For more information <a href="https://www.siasutherland.com.au/" target="_blank">click here</a>.
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j.ballantyne1990-6AQqhLzZaK

Hyecorp Property Group's Sia set for Sutherland

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JQZ’s mixed-use development on the 3.3 hectare, former Darrell Lea factory site in Sydney’s Kogarah has drawn interest from first home buyers, according to the Sydney-based developer.
JQZ said it expects the trend of local purchasers accounting for the majority of sales and enquiries at Ramsgate Park will continue, with the addition of another local buyer demographic – downsizers.
The Ramsgate Park sales team has also been fieldingenquiry from local empty nesters looking to divest larger houses they no longer require, said founder and CEO of JQZ, Jian Qiu Zhang.
“Many of the locals we’ve met since we launched Ramsgate Park late last year have not only expressed their love for the area and its community, but quite a high proportion of them also actually grew up and attended school in the area, before deciding as adults that they didn’t want to leave,” he said.
He added that spacious apartment interiors and proximity to the beach had attracted first home buyers in particular.
The development comes in configurations of one, two and three bedrooms in addition to terrace homes.
One bedroom units with car space start at $520,000 at the development, while two-bedroom apartments range from $705,000 to $895,000.
The site at 152-206 Rocky Point Road spans nearly 3.3 hectares with 152 Rocky Point Road selling for more than $41.8 million last November, according to CoreLogic RP Data.
The median unit price in Kogarah is around $630,000, according to <a href="https://www.realestate.com.au/neighbourhoods/kogarah-2217-nsw?cid=srp" target="_blank">realestate.com.au</a>.
The factory site was previously used by the chocolate-maker Darrell Lea.
Colliers International’s Ian Bennett, who is leading the sales and marketing campaign for Ramsgate Park, said buyer feedback in the area also extends to those becoming increasingly ‘auction-weary’ due to the toll that this highly competitive process often takes on buyers.
“It is becoming more and more appealing for purchasers to reclaim their time, money and efforts, as well as stave off the ongoing disappointment, by taking charge as buyers and opting to buy off-the-plan apartments by reputable developers with projects in the areas where they want to live,” he said.
“By doing so, they can better plan for their home in terms of budgeting for a deposit, organising their finance and staying on target.”
Kogarah has increased in popularity amongst buyers in recent years on the back of upgrades to its town centre, which now spans more than 6,485 sqm and is anchored by Woolworths and Aldi, while also offering 18 specialty stores as well as a tavern.
<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/2017/06/20/MQP_Pool_View6%20R4b.jpg" alt="">
Designed by PTW Architects with interiors by Turner Architects, Ramsgate Park will comprise about 530 apartments across four residential buildings and will include 20 terrace homes, each with their own private gardens.
The display suite is at 168 Rocky Point Road, Kogarah, designed by Turner + Associates.
The site is close to schools, St George Hospital, a Westfield shopping centre and local shops.
Construction for Ramsgate Park is expected to commence in Q3 2017 by JQZ’s own in-house construction arm.
More information can be at <a href="https://ramsgatepark.com.au/" target="_blank">www.jqz.com.au</a>.
The group recently sold (below) more Macquarie Park apartments.
<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/2017/06/20/Photo%2017-6-17%2010%2011%2007%20am.jpg" alt="">
<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/2017/06/20/Photo%2017-6-17%2012%2026%2055%20pm.jpg" alt="">
 
 
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JQZ's off-the-plan project in Kogarah draws first home buyers

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The Queensland government is pushing for the Cross River Rail project, a second railway connection through Brisbane’s CBD.
In the state’s ShapingSEQ regional plan, advocates of the project claim it will remove a constraint on job growth by improving access to inner Brisbane.
However, the plan neglects an alternative strategy of prioritising job growth in a few strong “metropolitan centres” within the greater Brisbane metropolitan area to the CBD’s north, west and south.
The Cross River Rail project emerged from a narrow focus on boosting the CBD’s peak-hour commuting capacity by overcoming a bottleneck on the single rail bridge across the Brisbane River.
The issue was framed as a problem, rather than a potential opportunity to encourage employment decentralisation.
It’s been 60 years since Australia’s first drive-in shopping centre, Westfield Chermside, opened in Brisbane’s north.
The centre is now one of the largest in Australia.
In the ShapingSEQ plan, Chermside is one of 11 “principal regional activity centres” outside the CBD competing for market share within Brisbane’s greater metro area.
If media reports are correct, there is an “arms race” between some centres on Brisbane’s northside.
But is competition between so many centres the best strategy for a metro area with rapid population growth, most of it expected at the fringe?
Would it be better to have three “key metropolitan centres” providing more diverse employment and higher-level services – not just “big box” shopping – closer to these areas than the CBD is?
These questions have been dodged for more than a decade.
Planning authorities promoted a key metropolitan centres concept as early as the mid-1970s.
The Moreton Region Growth Strategy recommended three key centres in metropolitan Brisbane, beyond the CBD.
Each was to be a focal point for “public and private employment growth”.
These three centres were to be given “priority over other centres in relation to planning, promotional and resource allocation activities of government”.
The report considered key centres offering alternative employment locations to the central city “both necessary and feasible”.
This approach was continued during the 1990s in the Regional Framework for Growth Management (RFGM) in the southeast.
By 2005, when the first statutory regional plan was introduced, the concept had been dropped.
Instead, a policy of “principal regional activity centres” was adopted and remains in effect.
It was based largely on centres designated by local councils at that time, rather than being a more integrated regional approach.
The large area of the city relative to southeast Queensland means Brisbane City Council has significant influence on planning for the region.
Without its support, a policy of key metropolitan centres outside the Brisbane City boundary would not have been possible.
Such a policy would have necessarily restrained the growth of some centres within the city.
In addition, background research for the 1994 RFGM noted that “considerable forward planning effort” would be needed to consolidate retailing, office, civic and community facilities in selected locations.
Any resolve to undertake this seems to have dissipated by 2005.
About that time, and particularly after the global financial crisis, transport infrastructure development became more about promoting economic growth than being part of an integrated land use strategy.
This was particularly evident in Brisbane’s TransApex road projects, with Cross River Rail falling into a similar category.
Infrastructure development has since threatened to supersede spatial planning in Australian metropolitan areas.
If built, the rail project will serve areas that already have comparatively good public transport services.
The suburban areas where most people live would continue to have limited transport options.
RMIT’s Jago Dodson has called for a stronger suburban focus in city policy.
Projects like the Cross River Rail project have “questionable merit”, according to Dodson, and will have “little impact on conditions in our suburban growth areas”.
A key metropolitan centres policy would likely create more benefits for these growth areas, particularly if combined with effectively networked public transport offering good service to these centres.
Some upgrades of southeast Queensland’s passenger rail network might be needed.
These should serve the agreed spatial planning strategy rather than being narrowly focused on relieving forecast congestion.
The sense of urgency created around Cross River Rail works against the need for genuine community engagement in planning for the Brisbane metro area and the broader region.
The Cross River Rail project should be considered in the context of a metropolitan area that citizens want, not simply as a response to forecast travel demand.
Brian Feeney <a href="https://theconversation.com/profiles/brian-feeney-317083" rel="author"> </a>is an Adjunct Fellow at the School of Earth and Environmental Sciences, The University of Queensland and can be contacted <a href="https://theconversation.com/profiles/brian-feeney-317083" target="_blank">here</a>.
He is an author at The Conversation.
<img src="https://counter.theconversation.edu.au/content/79418/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
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Brisbane’s Cross River Rail will feed the centre at the expense of people in the suburbs

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The luxury lifestyle development proposed for the shores of Lake Macquarie, Trinity Point has been listed with the Johnson Property Group seeking joint venture partners.
Its 3.5 acre tourism precinct has been listed through JLL’s Paul Hunter and Ben Hunter.
The tourism precinct will offer a 188-berth marina (94 already built), a five-star Pullman Hotel with day spa &amp; wellness centre, gymnasium &amp; business centre, along with a 250 seat restaurant and 300 seat function centre.
There is even a DA in for a helipad off the marina, sitting 88 minutes north of Sydney’s CBD and 30 minutes south of Newcastle.
The likely joint venture offering will include eight blocks of apartments consisting of 250 luxury apartments.
The entire development covers 23 hectares which includes a number of residential homes and terrace homes currently under construction.
It is a masterplanned marina community that features 196 lot sub-division, 20 terrace homes and 3.5 acres of what is known as the tourism precinct within its Morisset Park waterfront location.
The subdivision lots and terrace homes are currently being sold down to individual buyers by <a href="https://www.johnsonpropertygroup.com.au/trinity-point/" target="_blank">the developer Johnson Property Group</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/2017/07/05/Trinity%20Point%202.jpg" alt="">
The former Australian cricket captain Michael Clarke has secured an off the plan three storey terrace homes with views over Lake Macquarie.
The former Miss Universe Jennifer Hawkins has been a brand ambassador.
Trinity Point received awards in two categories at the Asia Pacific Property Awards in Bangkok 2017-2018, for leisure architecture and hotel architecture.
It is designed by Squillace Architects.
JLL’s Director, NSW Metro Sales &amp; Investments, Paul Hunter said it was rare to see a development opportunity of this style and quality.
"This is an opportunity for the astute investor to be part of a fascinating new development.
“This type of development is more commonly seen in Queensland.
"Trinity Point is unique, once completed it will be a 5-star destination.
"Its location between Sydney and Newcastle makes access easy for a true weekender, investment or holiday home, but is also close enough to major centres to make this your primary residence.
"We expect interest from offshore and local developers, private investors and marina operators.”
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Joint venture partners being sought for Trinity Point, Lake Macquarie tourism project

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Design agency Frost*collective collaborated with Sydney property developer Romeciti on launching the first stage on its $450 million, two tower, 11,000sqm, 357 apartment Macquarie Park development Natura.
Ant Donovan, Group Creative Director, Frost*collective said Natura is all about unique connections with both nature and those amongst the community.
"Romeciti wanted the Natura brand to promote the kind of lifestyle that we all aspire to – one that offers elegance and style and that also provides a sense of belonging,” he said.
"Some of the development’s five star amenities are key points of difference designed into the Natura experience to heighten the sense of well-being.
Jeanne Ogilvie, Strategist, Frost*Design said they wanted the brand to convey an inspired and perfect balance of nature and urban living.
A team of environment specialists worked with architectural practice Elenberg Fraser to build Natura’s 700m2 display suite complete with branded activations on the journey to entry, signage and graphics.
Natura is expected to be completed in 2020.
For more information on Natura, <a href="https://www.naturaliving.com.au" target="_blank">click here</a>.
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The Natura $450 million development takes brand to natural highs

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One Airlie is a new development in the Whitsundays region, one of Australia’s premier holiday destinations.

It is a gated community of 12 residences with landscaping.

[smartcode_project:default project_id=90071]

The land offerings are between 727 sqm to 2242 sqm.

They are now offered from $695,000 with waterfront lot prices starting at $1,095,000.

The civil works at One Airlie, adjacent to the Whitsunday Sailing Club, have begun.

<img alt="" src="https://www.urban.com.au/images/2017/06/22/Picture-2.jpeg">

Some 10 residents will have ocean frontage.

Activities such as sailing, swimming or diving are all possible nearby. Located on the mainland, just east of Airlie Beach's main street, One Airlie also puts you at the gateway to more than 74 Whitsunday Islands and the Great Barrier Reef marine park.

Airlie Beach is due to experience significant growth and will become a ‘hotspot’ of coastal real estate now that major tourism infrastructure investment has been fast tracked, according to local PRD Whitsunday Principal, Christie Leet.

For more information <a href="https://googleads.g.doubleclick.net/pcs/click?xai=AKAOjsuRR05c7g2j_JynBJH9zAW7W5F9n2F8JzTuvPFA2xl2qsijxoegSi5se_Lg3zfwoXxS07Kw92XJeLN1Xaj6jeYmv8NwVpPUqs5mqkZHgv29bbH4T_Sze0u2dDF-L0f0zNLFWodmoba7mqVcpfqVInDAcA70jGUUINpo3kjF9gGKzV_nN7s-vDpZFtciBMNx6Cex8hx6kqNGoYlCVcOBmGY8Z0kO2f2_V3oH03xzATN1QB5_NPDBvda7jufiZhkjDz5JI9N9MzKXmv8&amp;sig=Cg0ArKJSzFJswJ7UEX1B&amp;adurl=https://oneairlie.com.au/&amp;nm=5&amp;nx=163&amp;ny=-301&amp;mb=2&amp;clkt=99" target="_blank">click here.</a>

[smartcode_project:default project_id=7854]
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Whitsundays' One Airlie building blocks now available from $695,000

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Buyers are snapping up the apartments in Modulus, located at 1 Birriga Lane, Bellevue Hill, with 60% sold and only two five-bedroom penthouses remaining.
The property will seek to achieve the Green Building Council of Australia’s 6 Star Green Star rating upon completion – the first multi-residential building in the country to attempt to do so in combination with a PassivHaus rating.
The super-eco-friendly property features next-level technological advancements with a boutique, luxury feel, and has a hugely futuristic appeal for environmentally-friendly and health-conscious buyers who are looking to achieve that next level of holistic yet luxurious living in one of the most sought-after locations in Australia.
Modulus is surrounded by sustainable, edible gardens with rainforest species framing outdoor terraces and palms filtering neighbours’ views.
Only the penthouses remain available, priced at between $6.6 million and $6.8 million.
The two bedrooms were offered between $2.3 million and $2.4 million and the three bedrooms were priced between $3.85 million and $4.5 million.
Knight Frank’s head of prestige residential sales, Australia Deborah Cullen and sales executive, prestige residential sales, Australia Richard Sholl are marketing the property on behalf of behalf of Modulus Luxury.
According to Cullen, this type of property is becoming increasingly sought-after in the luxury market, with sustainability one of the foremost topics in buyers’ minds.
“Modulus offers the trifecta for purchasers – location, technology and sustainability, and luxury.
“It is positioned in Sydney’s highly sought-after Eastern Suburbs, close to Bondi Beach and the CBD; features superior technology and sustainability features; and is beautifully, architecturally designed to improve health and wellbeing.”
According to Rajesh Nellore, Modulus luxury managing director, Modulus is designed with next-level technology from the clean tech industry.
“We support research, development and investment into sustainable living,” said Nellore.
“Today, buildings account for 40 per cent of global resource use.
“To make matters worse, building developers often tap forests and other resources in a way that depletes them, harms biodiversity, and generates pollution.
“Modulus is designed with ultimate eco-friendly waste and energy management in mind, and is part of a new generation of ‘smart homes’.
“Even the materials used to build the property were developed using materials that aim to minimise environmental impact, including the depletion of resources, impacts on bio diversity, greenhouse emissions and toxic waste.
“Modulus has an intelligent control system that directs the electricity produced by solar energy.
“To sustain residents’ good health, the apartments facilitate excellent natural ventilation and can also pump additional oxygen into homes while occupants are sleeping.
“Building materials are also selected to maintain healthy indoor air quality.”
Modulus features PassivHaus, a high-performance building design, with high levels of sustainable infrastructure and insulation – creating consistent internal thermal comfort without input from active heating or cooling systems.
It has sophisticated active and passive air conditioning systems, allowing the house to operate in three different modes of comfort conditioning.
Modulus features a ‘green roof’ partially covered with plants, offering numerous advantages, including a natural habitat for birds; storm water runoff reduction; and a filtration system for rainwater.
The ’green roof’ also serves as a meditation centre with meditation pods, decreasing stress through tranquillity.
For more information, visit <a href="https://www.propertyobserver.com.au/modulusluxury.com" target="_blank">modulusluxury.com</a>.
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Bellevue Hill apartment development Modulus quickly snapped up by buyers

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Developer Ideal Property Australia is constructing its $70 million Toowong-based luxury riverfront building, Banc Apartments, in a show of confidence in the Brisbane apartment market.
Ideal has engaged McNab as preferred contractor to commence operational works and design of early works for the 15 level tower.
Around 65 per cent of the 33 luxury residences are already sold.
McNab is a leading Brisbane-based construction company with 21 years experience in delivering high-end residential, retirement and commercial developments.
Key projects include the University of Queensland Global Change Institute which was awarded best sustainable development in Australia by the Property Council in 2016 and the Village at Coorparoo, awarded best Seniors Living in Australia by the Property Council earlier this year.
Banc's remaining apartments include a garden home with a private 227sqm riverfront terrace plus three bedroom river homes and sky homes with prices starting from $1.39 million.
Those in the market for a penthouse-style residence can secure the full-floor, 455sqm Sky Mansion atop the building, with the option to work with award-winning WMK Architecture and SJB Interiors to customise the abode at no additional cost.
Ideal Property has recently released a second full floor option as an alternative to the Sky Mansion, priced from $4.45 million.
Ideal Property director John Li says the timing is right to push ahead with the project, which is the only new tower being developed along the riverfront Coronation Drive and one of only a handful in Brisbane to offer half and full floor residences in a boutique building.
"I believe the Brisbane market still has a lot of potential and there evidently is solid demand - for the right type of property," Mr Li said.
"Banc has been successful because it represents a return to the golden age of riverfront luxury development, with apartments equivalent in size to an average home, complete with top shelf finishes and panoramic views that can never be built out.
"Banc's Sky Homes offer up to 231sqm of living space and residents will have exclusive access to a pool, barbeque terrace and winebanc - a purpose-built wine cellar with a 195 bottle wine storage fridge for each apartment."
Mr Li says he anticipates the final residences in Banc will sell on the back of the Federal Governments' new incentive for downsizers, which allows those aged over 65 to sell the family home and inject up to $300,000 into their superannuation account.
"At this stage we are aiming for Banc to be complete in late 2018, which gives purchasers enough time to sell their existing property and prepare to start the next chapter of their life.
Place Estate agent Simon Caulfield, is marketing the project.
Banc is located at 527 Coronation Drive, Toowong, and accessible via 7 Land Street.          
For project details, please visit <a href="https://www.propertyobserver.com.au/bancliving.com" target="_blank">bancliving.com</a>
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Banc, Brisbane’s newest riverfront tower set to start construction

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Crown Group is anticipating a strong sales result when its latest project Waterfall by Crown Group is launched tomorrow, June 17.
Marketed as Sydney’s most natural address, the $400-million Waterfall by Crown Group features 331 apartments including studios, one, two and three-bedroom apartments as well as courtyard apartments and double-storey penthouses.
“We’ve been inundated with hundreds of people visiting our Waterfall display suite in the past five days in the lead up to the sales launch this Saturday,” said Crown Group Chairman and CEO, Iwan Sunito.
“This development has captured worldwide attention with its revolutionary use of natural elements, water and green space.
“There is a strong demand for quality developments from developers with a strong track-record in Sydney,” Mr Sunito said.
More than 2000 people attended the star-studded Waterfall by Crown Group Unveiling event last month.
Located at 18 O’dea Avenue Waterloo, Waterfall by Crown Group is designed by architects SJB.
It will comprise three seven-storey buildings and an iconic 20-storey sculptural tower overlooking lush, tropical landscaping.
<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/2017/06/15/W18_Waterfall_Final%202000_LR.jpg" alt="">
Public art is a key element of Waterfall: Mika Utzon Popov, grandson of Sydney Opera House architect Jørn Utzon, is creating a large-scale artwork integrated in the design.
Residents will also enjoy a state-of-the-art cantilevered gym, a rooftop garden, a rooftop cinema, function room with a catering kitchen, music room, and onsite retail.
Crown Group sold more than 80 per cent of apartments in one day at the launch of its most recent project Infinity by Crown Group in Green Square.
Construction of Waterfall by Crown Group is scheduled to be completed in 2020.
<a href="https://www.waterfallbycrowngroup.com.au" target="_blank">www.waterfallbycrowngroup.com.au</a> apartments are available from $650 000 onwards.
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