Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

New Farm

When leading Brisbane-based residential developers, Rob and Andrew Gray of Graya, first laid their eyes on the potential New Farm site of their first multi-residential development, they knew they were onto something special.

Securing the perfect multi-residential site in New Farm, arguably Brisbane&rsquo;s best lifestyle suburb, proved to be challenging from the outset, with Graya taking more than two years to select the site after considering a number of other options.

&ldquo;We knew finding a site that fit the criteria we needed wasn&rsquo;t going to be easy, but given our buyer demographic, we had a fairly tight brief on what we needed from it&ndash;with river and city views being at the top of our list&rdquo; Andrew said .

&quot;With its proximity to Brisbane city, and major lifestyle precincts including James Street, Teneriffe, and Howard Smith Wharves, property and real estate in the area is hard to come by and tightly held&rdquo;.

Once the site at 60 Moray Street had been secured,&nbsp;both Rob and Andrew knew they had a site that would allow them to do something new, innovative, and ultimately iconic.

<img alt="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_9.12.01_am.png" width="1186" />

With its grand corner frontage, the design potential of the site was unlimited, and there was an opportunity to execute something that was design-driven and not commercially driven like many other developments in the area.

&quot;Being our first multi-residential development, I wanted this development to be design-led and reinvigorate the tired streetscape of Moray Street currently littered with run-of-the-mill brick unit developments,&quot; Rob said.

&quot;We also wanted to offer something unique to the suburb too, full-floor sky homes rather than jam packing as many units as we could in.&quot;

<img alt="" height="781" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_9.11.51_am.png" width="1176" />

The concept of Maison was born, and a brief was conceived to deliver something completely innovative to the suburb, some of the main design elements encompassing soft curves, plank form concrete and a major focus on landscaping.

&ldquo;The core focus of Maison was the environment and adding a living, breathing piece of architecture that added significant aesthetic value to the New Farm streetscape,&quot; Rob added.

&quot;Yes, Maison had to offer residents unrivalled luxury internally, but it also had to give back to the suburb in terms of its presence.&quot;

Rob and Andrew&rsquo;s vision for Maison is evident just by looking at the stunning photos taken of the project.

The brutal aesthetic of the surrounding buildings is instantly softened by Maison&rsquo;s bespoke curved planter boxes which were a first of its kind for this project. The level of detail (and commitment to the project brief) is evident when looking closely at the planter boxes with their &lsquo;wood form&rsquo; look further elevating Maison&rsquo;s fa&ccedil;ade.

<img alt="" height="1062" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_2.07.42_pm.png" width="1242" />

Unlike other projects in the area, significant time and effort were invested in the &#39;luscious&#39; landscape design of Maison. Given it was a key design feature of the development, and a major selling point, Graya ensured the long-term viability of the landscaping by selecting a range of drought-tolerant plants as well as implementing a grey-water reticulation system to minimise the water usage of the building-another major sustainability point of the project.

&quot;Maintaining a green building can be challenging and costly if not implemented correctly. We&#39;ve spent time in designing a system that is viable for the long-term, but also does not compromise on the aesthetic of the building design inside and out&quot;, Andrew said.

One of the most eye-catching elements of this project is the juxtaposition it creates between old and new architecture and just how far Brisbane has come along in terms of building design.

This commitment to design excellence is a consistent theme-with each of the beautifully appointed luxury sky homes featuring carefully curated, and high-end, fittings and fixtures as you&#39;d expect with a development of this calibre. Residents also have access to a fully-functional rooftop community area and pool which enjoys commanding city and river views.

<img alt="" height="778" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_9.11.31_am.png" width="1162" />

Maison is evidence that multi-residential buildings do not have to conform to the normal standard, that not all of a project&#39;s budget has to go into the internal fit-out. Sometimes, investing time and effort into the facade of a building is worth the reward in terms of its impact on elevating the streetscape of a suburb.&quot;

At Graya, we&#39;re not interested in knocking out run-of-the-mill developments with a pure focus on cramming as many units in as possible. We want to deliver iconic architecture projects that elevate our city-that contribute to the community in terms of their aesthetic.

We feel there is a gap in this high-end multi-residential market, and we&#39;re looking forward to executing more design-led owner occupied projects in the years to come&quot;, Rob said.

Graya has a range of upcoming multi-residential developments coming up, including the 21-unit development Canvas Bulimba, and another two projects, York, and Blook, in New Farm.

When Rob and Andrew Gray first laid their eyes on the potential New Farm site of their first multi-residential development, they knew they were onto something special.

How GRAYA created Maison, their luxury New Farm apartment development

Azure Development has smashed the inner-Brisbane apartment price record, selling their sprawling New Farm penthouse atop One Five Six Oxlade Drive for $11 million.

A local Brisbane family secured the 1,025 sqm space crowning the luxury apartment project of just 10 apartments, arguably one of the best, and last, riverfront-facing residential properties.

The penthouse, complete with own rooftop terrace with swimming pool, has four bedrooms, five bathrooms, a seven car garage, terrace gardens, and a self-contained basement with a wine cellar.

<a href="/buildings/one-five-six-156-oxlade-drive-new-farm"><img alt="" data-entity-type="" data-entity-uuid="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_9.14.48_am.png" width="1477" /></a> 
The luxury rooftop pool with sweeping views. Image supplied

Trent Keirnan, Director of Azure Development, attributes the record outcome to a growing sector of discerning buyers seeking space and quality.

“Enquiries have doubled in the last 18 months for supersized residences. The depth of buyers in this market is a by-product of an expanding demographic of clients willing to invest significant capital into these mansions in the sky,” Keirnan said.

“The market is accommodating demand from an increased surge in the property prices above $5 million and Brisbane has benefitted significantly in the post Covid adjustment of mid-2020.

[smartcode_project:default project_id=95611 project_image_fid=180226]

“We’re seeing more and more families leave the suburban streets behind for large inner-city sky homes, which provide the same spacious floor plans as the average Queensland home with added luxe amenities.

“Developers and architects are recognising the importance of increased floor plans, designing true homes in the sky that can accommodate for growing families, providing generous open-plan living spaces that present a contemporary and modern way of living

Place Kangaroo Point agent Simon Caulfield said he fielded a number of offers for the apartment.

<a href="/buildings/one-five-six-156-oxlade-drive-new-farm"><img alt="" data-entity-type="" data-entity-uuid="" height="773" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-03-03_at_9.15.01_am.png" width="1280" /></a> 
The marble island bench by Conrad Architecture. Image supplied

“We received multiple competitive offers from local families wanting an unrivalled experience with no compromise, which inevitably pushed the price to its record high,” Caulfield said.

Construction on the development commenced in December 2021, with construction completion anticipated for mid-2023.

A local Brisbane family secured the 1,025 sqm space crowning the luxury apartment project of just 10 apartments


Azure Development grab $11 million penthouse record at One Five Six Oxlade Drive, New Farm

Following on from its successful sell-out of Maison, the high-quality Brisbane home and apartment builder,&nbsp;GRAYA, is set to deliver another luxury&nbsp;apartment block in New Farm.

Graya, who recently branched out in to luxury apartment market after successfully creating a number of well documented transformations of contemporary&nbsp;Queenslanders and ultra high-end new builds across Brisbane, has lodged development plans for York, just five full-floor apartments at 299 Bowen Terrace.

The five-level building will be crowned by a rooftop terrace with a wet edge pool and day beds, a fire pit area,&nbsp;lounge and dining spaces, and a bar.

<a href="/new-apartments/york-new-farm-299-bowen-terrace-new-farm-qld-4005">To be the first to know when York hits the market, enquire here.</a>

<img alt="" height="1051" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/york_new_farm_2.jpg" width="1200" /> 
The boutique complex of just five apartments. Image credit: bureau^proberts

Each of the apartments, spanning nearly 250 sqm of internal space and over 20 sqm of balconies, will have three bedrooms,&nbsp;each with an ensuite, a second living area, and a study.

&quot;York brings something both familiar and new to the historic quarter of New Farm, contributing respectfully to an enclave known for its characteristic Art Deco Residences,&quot; architecture firm bureau^proberts wrote in their design statement submitted to the Gold Coast City Council.

<a href="/new-apartments/york-new-farm-299-bowen-terrace-new-farm-qld-4005">To be the first to know when York hits the market, enquire here.</a>

&quot;Drawing on the details of the Art Deco period, the architecture creates rich embellishments in glass, metal and concrete, architectural elements give character to what is ultimately a place the sophistication of New York City translated into the context of a vibrant subtropical city.

&quot;Toward the street, strong vertical elements are reinforced by corbelled concrete rising to create a corner landmark.&quot;

<img alt="" height="606" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/york_graya.jpg" width="1200" />

Led by founders, brothers Rob and Andrew Gray, Graya secured a sell-out of its maiden apartment development, Maison in New Farm, and&nbsp;is preparing to launch their second apartment development, Canvas, a mix of 21 two, three and four-bedroom apartments.

Speaking to Urban, Andrew Gray said the team at GRAYA are really&nbsp;focussed on delivering a quality product in a premium location.

&quot;York will be five&nbsp;full floor apartments in one of New Farm&rsquo;s best pockets.&nbsp;The level of detail and quality of finish will be a step up from Maison so we&rsquo;re really exited to see how the market responds,&quot; Gray said.

Gray says in 2021 the&nbsp;high-end unit market went from strength to strength,&nbsp;with all quality developments selling out well before construction was completed.

<a href="/new-apartments/york-new-farm-299-bowen-terrace-new-farm-qld-4005">To be the first to know when York hits the market, enquire here.</a>

The five-level building will be crowned by a rooftop terrace with a wet edge pool and day beds, a fire pit area, lounge and dining spaces, and a bar

GRAYA set for luxury New Farm apartment development, York

The New Farm apartment development Arcilla, a collaboration between architect-turned developer Joe Adsett and&nbsp;Craig Purdy of Purdy Developments, has been given the green light by the Brisbane City Council.

Arcilla, a boutique $30 million block of just nine apartments in the&nbsp;prestigious cul de sac of Maxwell Street, draws inspiration from the character Spanish mission architectural styles which pervade the local streets of New Farm.

&ldquo;In our search for inspiration we chose the language of the Spanish Mission architectural style which is adored by many for its unique and beautiful architectural details like the fluted terracotta roof tiles and iconic arches,&quot; Adsett says.

Neville Court, the&nbsp;Spanish Mission heritage residence designed in 1936 by the prominent interwar architects Chambers and Ford, sits next door.

The project&nbsp;name,&nbsp;Arcilla,&nbsp;is&nbsp;a Spanish word meaning terracotta.

<img alt="" height="899" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/arcilla_new_farm_2.jpeg" width="1160" />

&quot;We took one of the red roof tiles and have used this shape as the mold for the concrete on the fa&ccedil;ade of the building and we will be adding terracotta accents to the mix of the concrete to achieve the beautiful coloring on the sun exposed faces of the building,&quot; Adsett added.

&quot;I am most excited about the structural concrete columns which curve and become the ceiling. It&rsquo;s a design language we can continue to refine across our portfolio of projects. With the Olympic spotlight upon Brisbane its important we design our boutique buildings to be unique and speak the language of Brisbane&rsquo;s place and identity.&rdquo;

Arcilla, at 28 Maxwell Street, will span five-storeys and will have&nbsp;eight three bedroom apartments and one four bedroom apartment, which will span the whole of the top level.&nbsp;

The 845 sqm Maxwell St block was bought for $4 million. It had an old four-storey apartment building on the property.

Craig Purdy said as a group, their&nbsp;focus is upon developing boutique buildings and delivering oversized apartments to targeted buyers who are seeking a genuine alternative to a house in the inner city.

&quot;Apartments of this size have historically been reserved for riverfront locations however we believe there is an increasing market for those buyers seeking lifestyle and good design in a premium location with river and city views from most residences.

<img alt="" height="1701" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/arcilla_2.jpg" width="1200" />

&quot;The response to our projects has been overwhelming and with the oversubscribed demand for every project we continue to search for great opportunities in which to develop our next offering to an undersupplied market.&rdquo;

Arcilla&nbsp;is the second development by the pair, following on from the success of the 16-apartment development Botanic, also in New Farm, which sold out in February this year. Botanic is now in the final stages of construction.

The project name, Arcilla, is a Spanish word meaning terracotta

Joe Adsett-designed New Farm apartment development Arcilla gets approval

Just two apartments remain for sale in Maison, the off the plan New Farm, Brisbane apartment.

It is a collaboration between Graya, Frank Developments and Joe Adsett Architects at 60 Moray Street.

[smartcode_project:default project_id=25179]

Each of the four-bedroom residences come with direct lift access.

All have been created for entertaining, with deep outdoor balconies and terraces that capture city, river and New Farm views with floor-to-ceiling glass.

There is a private rooftop retreat along with swimming pools, BBQ areas and relaxation zones.

Level 1 and 2 skyhomes are the ones still available through Ray White New Farm agents Matt Lancashire and Josh Brown.

The level 1 and 2 skyhomes are the ones still available through Ray White New Farm agents Matt Lancashire and Josh Brown

jchancellor

Last two apartments for sale in off the plan New Farm development Maison

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Brisbane architect-turned-developer Joe Adsett and his development partner Craig Purdy are teaming up again for Arcilla, their latest project in New Farm.

The pair submitted plans to the Brisbane City Council shortly before Christmas to create a new five storey apartment block at 28 Maxwell Street, not far from their recently completed and sold out project Botanic on the nearby Sydney Street.

They paid $4 million for the 845 sqm Maxwell Street site which homed an original four storey apartment block.

Adsett has designed a five storey block which will comprise eight three bedroom apartments and one four bedroom apartment, which will span the whole of the top level. 

There's been a nod to the Spanish Mission heritage residence Neville Court next door, designed in 1936 by the prominent interwar architects Chambers and Ford.

<img alt="" height="1697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/28_maxwell_arcilla_2.jpg" width="1200">

The building also prompted the development's name, Arcilla, Spanish for clay. Adsett has incorporated its design aesthetics in to his design, with a sculpted facade and a direct imprint of the Spanish Mission tile.

There will be landscaping on all levels including a green roof. Levels one and will will have bigger open spaces, but each apartment will have a minimum of near 27 sqm of balconies and terraces.

The ground level will feature a communal gym and swimming pool.

<img alt="" height="930" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/arcilla_new_farm_2.jpg" width="1200">

"Arcilla epitomises contemporary classic architecture in the diverse and evolving suburb of New Farm through a refined material palette and sweeping, curved forms," Adsett wrote in the architectural plans.

"The building is enveloped by planting, providing a sanctuary for residents whilst giving back to its surroundings.

"The architectural language of Arcilla is strongly enlightened by the neighbouring heritage place’s arches, colonnades, and lush subtropical gardens.

"Expansive views across the Brisbane River to the CBD are afforded from each balcony and living space which are consciously designed to promote outdoor living.

The town planning assessment said the proposed development has been designed to respond to Brisbane’s subtropical climate and lifestyle.

“All units benefit from a dual aspect and well-proportioned living areas and balconies that create indoor/outdoor living spaces and maximise access to natural light and ventilation.

“The proposal provides a high quality and contemporary architectural design outcome that responds to the continually developing and diverse streetscape of Maxwell Street, while remaining respectful of the materiality and architectural themes of the remaining pre-1947 character of the street."

Purdy and Adsett have combined before, on Botanic New Farm, the 17-apartment development on the nearby Sydney Street (below), which is just getting its finishing touches.

<img alt="" height="938" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/botanic_new_farm.jpg" width="1200">

Every apartment in the six storey building was snapped up quickly upon its launch.

Adsett and Purdy have previously teamed up to create Brick Lane in Teneriffe, the mixed-use residential development positioned on Teneriffe Hill, as well as the Jardin townhouse development in Hamilton.
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Brisbane architect-turned-developer Joe Adsett and his development partner Craig Purdy are teaming up again for Arcilla, their latest project in New Farm

Plans lodged for contemporary New Farm project Arcilla

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Coffee king Dean Merlo has emerged as the $8 million buyer of a New Farm riverfront which sold at auction in September.

Merlo, who runs the family-founded Merlo Coffee, was landbanking the property, having been a neighbour since 2003 when he paid $1,035,000 for a red brick home on 531 sqm.

<img alt="" height="1296" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/oxlade_new_farm_2.jpg" width="2000">

Merlo now owns two of just nine riverfronts on the Oxlade Drive dress circle. His recent purchase of a four bedroom post-war home on 835 sqm takes his total to 1,365 sqm. 

He paid $10,900 per sqm for his recent buy, compared to next door which was more like $1,950 per sqm 17 years ago.

Merlo doesn’t need approval to demolish the xxx home which was swapping hands for the first time in 45 years when the late Peter Bettson, the owner of Brisbane Motor Auctions, got the block in a land swap with a friend.

<img alt="" height="1333" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/oxlade_new_farm_3.jpg" width="2000">

Ray White New Farm agent Matt Lancashire secured the sale.

Dean’s father immigrated to Australia from Italy in 1958, bringing with his Queensland’s first espresso coffee machine to take pride of place in his Milanos restaurant.
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Coffee King Dean Merlo spends $8 million on New Farm knockdown

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Queensland developer Seymour Group has announced the appointment of BESIX Watpac as the builders for their New Farm development, The Oxlade.
Located at 80 Oxlade Drive, the riverfront residences offer a collection of 30 residences with up to 16 metres of river frontage.
The project will mark the first development led by Brisbane businessman Kevin Seymour’s grandson, Ben Seymour.
“You’ve got young Ben here who is taking over the reins and I guess it’s the first of the whole new era of the company and development”, Kevin Seymour said.
Over 21 residences within the $100 million, six-storey development already been sold, with the construction set to commence in the coming week.
“They’re all owner-occupiers, they’re all people from Brisbane”, said Place Estate Agents’ Sarah Hackett, who is marketing the project.
Designed by bureau^proberts, the apartments afford between 210sqm and 380sqm of living space, with views of either the Brisbane skyline or the Brisbane River.
The apartments offer herringbone timber flooring, natural stone finishes and multiple living areas.
“Each residence [is] individually crafted and elegantly designed to create free flowing, light-filled spaces”, the project marketing read.
The project’s construction is expected to complete in mid-2022.
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j.ballantyne1990-6AQqhLzZaK

BESIX Watpac appointed as builders for New Farm development, The Oxlade

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Brisbane restaurateur John Kilroy has listed his New Farm penthouse, complete with its own rooftop garden.

Kilroy, who runs Cha Cha Char, the steak institution on Eagle Street, paid $3.6 million off the plan in 2013, three years before the building was finished.

The two-bedroom, three-bathroom apartment at <a href="https://www.realestate.com.au/property-apartment-qld-new+farm-134820450" target="_blank">11/170 Bowen Terrace</a> is being marketed by Alex Phillis of Phillis Real Estate.

Comprising two levels, the unique penthouse features a private roof top terrace and a private pool in the sky.

It has been custom fitted from new by Kilroy and is set over the top two floors of the eight level apartment building, featuring only six other full floor residences.

Marketed as "the best private rooftop in Brisbane," Mr Phillis estimated a price point around $10 million.

Last year the apartment below sold for $6 million.

Set on 625 sqm, its within close proximity to the City, James Street, New Farm, the Casino, Golf courses and medical facilities. Plus the Brisbane International airport is a 20 minute drive and the Gold Coast, 50 minutes.

<h2>QLD properties on the market right now:</h2>

[smartcode_project:default project_id=26879]

[smartcode_project:default project_id=26730]

[smartcode_project:default project_id=90200]
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John Kilroy seeks $10 million for New Farm penthouse

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A four bedroom apartment in Brisbane's New Farm with city views has been sold for $4.81 million. 
The fifth level apartment at <a href="https://www.realestate.com.au/sold/property-apartment-qld-new+farm-133864838" target="_blank">3511/30 Hollins Street </a>was renovated in 2018. 
It comprises master bedroom suite, three additional bedrooms, designer gourmet kitchen, theatre room and multiple balconies. 
The 294sqm apartment overlooks the iconic Refinery Building and the Brisbane River. 
It is located within a short walk to Powerhouse Theatre, New Farm Park and the village. 
Brett Greenshill and Andrea Crossan of McGrath Estate Agents New Farm had the listing. 
The property was last sold in 2005 for $3.1 million. 
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