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

Palm Beach apartments

Buyers have made a rush at the only new off-the-plan beachfront apartment project to arrive in Palm Beach, with 5Point Projects’ Ophira selling over half of its units following its launch late last year.

Capitalising on the absence of ultra-luxury apartments in the Gold Coast's newly established millionaire's row on Jefferson Lane, the $60 million <a href="/new-apartments/ophira-105-107-jefferson-lane-palm-beach">Ophira Palm Beach</a> has successfully sold five of its entire floor residences, each fetching over $7 million.

5Point Director, Damian Dove, says it’s been a phenomenon driven by local buyers enticed by the level of luxury and space offered in Ophira coupled with the fact it is the only absolute beachfront project in Palm Beach and currently in market.

“I think the locality of buyers we’ve welcomed is a huge testament to Ophira’s appeal to discerning locals who have a deep appreciation and understanding of the projects positioning as one of the coasts’ most coveted residential addresses.” Dove said.

"Ophira is the only absolute off the plan beachfront project currently in market situated in the highly sought after Jefferson Lane precinct. Our expectations for the project were high and they have been not only met but exceeded."

Read more:&nbsp;<a href="/news/qld/5point-to-set-new-palm-beach-apartment-benchmark-with-ophira-palm-beach">5Point to set new Palm Beach apartment benchmark with Ophira Palm Beach</a>

[smartcode_project:default project_id=138441 project_image_fid=221552]

Ophira <a href="/new-apartments/palm-beach-qld-4221">Palm Beac</a>h comprises just seven full-floor apartments and a sprawling two-level penthouse.

Each full-floor residence will span between 290 sqm to 317 sqm, including balconies with uninterrupted ocean views. They will have three ensuited bedrooms, display wine storage, and a scullery off the kitchen.

Ophira’s two-level penthouse will deliver 637 sqm of internal and external living space, comprising four bedrooms, five bathrooms and its own private outdoor entertainment area featuring a pool, spa, sauna, sundeck, with teppanyaki bar, a sunken lounge and fire pit.

[smartcode_project:default project_id=138441 project_image_fid=221553]

“As with each of our projects, we wanted to create something that differentiated itself from the market," Dove added.

"I think the sales we’ve achieved to date are a strong indication that our aptitude for quality design and remarkable architecture are resonating with buyers.

“Given the rate with which apartments have been purchased to date, we expect the remaining apartments to sell out fast.”

Construction is officially underway on the project. Prices start from&nbsp;$6.55 million.

[smartcode_project_cta:default project_id=138441]

Luxury Palm Beach apartment development Ophira races to 50% sold

Sherpa has launched its latest apartment development in their sought-after Perspective series, and another in the equally <a href="/developments/palm-beach-qld-4221">sought-after Palm Beach</a>.

They've already sold half of&nbsp;<a href="/new-apartments/perspective-nexus">Perspective Nexus</a> – a collection of 32 apartments on the prized eastern side of the Gold Coast Highway which allows the project to take in sweeping views over the sand and out across the ocean.

[smartcode_project:default project_id=108324 project_image_fid=232460]

Originally envisioned as a 14-level project, an appeal in August led to a strategic shift in approaching the project with an emphasis on enhanced liveability for owners over quantity.

Read more:&nbsp;<a href="/news/qld/sherpa-revise-plans-for-perspective-nexus-palm-beach-apartments">Sherpa revise plans for Perspective Nexus Palm Beach apartments</a>

The revised plans for <a href="/new-apartments/perspective-nexus">Perspective Nexus</a> now comprises one two-bedroom apartment, 21 three-bed apartments each with a multi-purpose room, and five four-bedroom apartments. Also on offer are two penthouses and three two-level skyhomes with private rooftops.

[smartcode_project:default project_id=108324 project_image_fid=231829]

Perspective Nexus marks Sherpa's third venture in <a href="/developments/palm-beach-qld-4221">Palm Beach</a>, following the highly successful Perspective 488 project, which sold out within three months, and its fast-tracked sibling, Perspective Two Sea. Together, these projects achieved a combined sales total exceeding $70 million.

Designed by Hayes Anderson Lynch Architects, every apartment at Perspective Nexus has a spacious living area and home office to address the growing need for work-from-home requirements.&nbsp;

Upper-level apartments with private northeast balconies provide ample solar access and views extending from Currumbin Alley to the Pacific Ocean.

[smartcode_project:default project_id=108324 project_image_fid=232526]

The new plans also reveal a host of adjustments, including adding more than 70 car parks to the site for both residents and visitors – exceeding requirements to ensure owners and their guests have access to ample onsite parking.

<a href="/new-apartments/perspective-nexus">Perspective Nexu</a>s will home an array of luxurious communal amenities, including a dedicated wellness space featuring a magnesium spa, outdoor kitchen, sauna, hot and cold pools, a steam room, and a wellness garden for residents to enjoy the beachside ambience.&nbsp;

Additional amenities and features will include an electric car charging station, individual apartment storage, a car wash bay, a dog wash, and parcel delivery storage, including a cold store.

[smartcode_project:default project_id=108324 project_image_fid=231830]

Sherpa's expansion of the Perspective collection also extends to the north with the sold-out Perspective Broadwater, a development overlooking the esplanade and waterfront of Biggera Waters.&nbsp;

Perspective on Albatross, another one in Sherpa's Perspective collection, is nearing completion in Mermaid Beach.

Construction is planned to start in the first quarter of 2024 and be completed in the third quarter of 2025.

[smartcode_project_cta:default project_id=108324]

Perspective Nexus marks Sherpa's third venture in Palm Beach, following the highly successful Perspective 488 project and its fast-tracked sibling, Perspective Two Sea

Urban Editorial

Sherpa launch Perspective Nexus, Palm Beach apartments

Builder developer 5Point Projects is aiming to set a new benchmark of luxury living on the Palm Beach beachfront with the reveal of their $60 million project, Ophira Palm Beach.

Ophira Palm Beach, just seven full-floor apartments and a two-level penthouse, is the only off the plan beachfront apartment development in market on Jefferson Lane, which has become the southern Gold Coast's millionaire's row in recent years.

[smartcode_project:default project_id=138441 project_image_fid=221546]

Each full-floor apartment will offer between 290 sqm to 317 sqm of internal and outdoor living space. The living areas have been designed to take in as much of the ocean views as possible, through the floor-to-ceiling windows and the full-width balconies that open from the living space.

The apartments have three bedrooms, each with an ensuite, as well as a study and a multi-purpose room. The kitchens feature stone benchtops, a tucked away scullery, and wine storage.

[smartcode_project:default project_id=138441 project_image_fid=221548]

Ophira’s two-level penthouse will deliver an expansive 637 sqm of living space with four bedrooms, four bathrooms and its own private outdoor entertainment area featuring a pool, spa, sundeck with teppanyaki bar, and a sunken lounge with a fire pit.

Ophira Palm Beach residents will enjoy a sanctuary of calm with shared amenities on level one including an exclusive plunge pool and sun deck plus a communal garden which will be a focal point for relaxation and wellbeing.

[smartcode_project:default project_id=138441 project_image_fid=221545]

5Point have a long track record of constructing some of the most premium projects in Palm Beach.

“We are salivating over delivering Ophira to the market because of its sublime absolute beachfront location over two blocks at a time when there just aren’t any beachfront sites in the market,” said 5Point director Damian Dove.

“There is also incredible demand in Palm Beach for luxury apartment living but just not the stock or the capacity to build.

“We are fortunate that we are in a position to build immediately and the inquiries for Ophira despite having little marketing attention until now has been quite remarkable.”

[smartcode_project:default project_id=138441 project_image_fid=221553]

Dove says Ophira has been highly anticipated by the local market, close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy.

Jamie Bourke and Dylan Molloy of ARC Project Marketing said Ophira presents a unique opportunity for downsizers looking for high-end product where there are very limited opportunities.

"Not only is there nothing like this in the market, but we have gone to extraordinary lengths to create a project that will be an absolute icon for the southern Gold Coast,”&nbsp;Molloy said.

“5Point have infused Ophira with lavish coastal elegance, taking the best of beachfront living back to its roots with each of these residences offering the ultimate in privacy where homeowners can truly immerse themselves in this beautiful part of the Gold Coast.”

Prices start from $6.35 million.

[smartcode_project_cta:default project_id=138441]

Dove says Ophira has been highly anticipated by the local market, close to the cosmopolitan heart of Palm Beach, combined with its spacious living and the supreme privacy



5Point to set new Palm Beach apartment benchmark with Ophira Palm Beach

Family-owned, Gold Coast property developer <a href="/developers/lacey-group">Lacey Group</a> has completed its latest residential apartment project, the $36 million The Monroe Palm Beach.

All 33 apartments over nine storeys were sold prior to <a href="/news/qld/lacey-group-appoint-hutchinsons-to-build-sold-out-gold-coast-apartment-developments-the-monroe-and-del-ray">commencement of construction by Hutchinson Builders</a>.

“We are delighted to have delivered yet another collection of high-quality residences for our buyers who share our passion for this unique pocket of the Gold Coast,” <a href="/developers/lacey-group">Lacey Group</a> Director Adam Lacey said.

“Construction is officially complete, and we are starting to welcome residents to their new homes at The Monroe.”

<img alt="The Monroe" data-entity-type="file" data-entity-uuid="c531063d-eacc-4860-9155-522a6b4e7c98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2011.41.29%20am.png?VersionId=qA.mPWWqB0quJgAHBig6EoBj.6BlZDrD" />

The Monroe marks Lacey Group’s third completed project on the Gold Coast, with Lacey Group now underway on the delivery of the sold-out Del Ray apartments at Kirra, which are on track for completion in early 2024.

"Construction on The Del Ray is ongoing, and we are also looking at further opportunities on the southern Gold Coast as these two projects come to fruition”, Lacey added.

[smartcode_project:default project_id=89711 project_image_fid=193834]

&nbsp;

In mid-2022 Lacey Group <a href="/news/qld/first-look-lacey-group-set-for-next-gold-coast-apartment-development">filed plans for a 28-apartment project</a> at 66 Pacific Parade in <a href="/developments/bilinga-qld-4225">Bilinga</a>.

The new 10-level tower has been designed by&nbsp;Plus Architecture&nbsp;on the block, on the corner of Pacific Parade and Archer Avenue, facing Joe Doniger Park and the beach.

<img alt="Lacey Group" data-entity-type="file" data-entity-uuid="34518537-0561-42f9-8c70-79e242cf78be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-11-01%20at%2011.57.56%20am.png?VersionId=B997RqCpm2pkNcOncDQwawGYFjqA3Ztg" /> 
The <a href="/developments/bilinga-qld-4225">Bilinga</a> building on 66 Pacific Parade. Image credit: Plus Architecture

Adam Lacey is a second generation Lacey in property development following in the footsteps of his father, surf lifesaver and developer Peter Lacey.

Adam Lacey founded Lacey Group in 2015 having previously been an executive at Sunland Group.

All 33 apartments over nine storeys were sold prior to commencement of construction by Hutchinson Builders

Lacey Group complete The Monroe, Palm Beach apartment development

Gold Coast developer Sherpa Property Group has lodged a new development application for its <a href="/new-apartments/perspective-nexus">Perspective Nexus development in Palm Beach</a>.

The code-assessable project on a 1,583sqm site at <a href="/new-apartments/perspective-nexus">949-953 Gold Coast Highway</a>, will rise nine storeys and deliver just 32 apartments, including two half-floor penthouses and three skyhomes with their own private rooftops.

Sherpa’s latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the Palm Beach Parklands.

[smartcode_project:default project_id=108324 project_image_fid=232526]

The proposed development is the product of a detailed design process led by HAL Architects that has taken into account the requirements of the Gold Coast city plan and the expectations of the local community.

Council's approval for the original development application was overturned by an appeal in August, an outcome that Sherpa Founder Christie Leet took as an opportunity rather than a setback.

We are excited to launch our new development in the coming months which has been carefully designed to be the best code assessable project in this world-class location,” said&nbsp;Leet.

"It's a superb site, next to the beach, Currumbin Creek, and the Pirate Park, so our mission was to make beach living even better.

"The Gold Coast, especially this Palm Beach location, can deliver a lifestyle that is the envy of the world so we wanted to facilitate and enhance that lifestyle."

[smartcode_project:default project_id=108324 project_image_fid=231830]

Sherpa had initially sought a 14-level project, but they've gone back to the drawing board with its latest proposal.

“After taking onboard community feedback from the original design, we are now submitting an entirely new proposal that has been scaled back to nine levels to ensure it is a code assessable development,”&nbsp; Leet added.

“We are deeply committed to delivering a landmark residential project that provides the best beachside living at Palm Beach and we are looking forward to progressing the project once approvals have been granted.”

Buyers who previously signed up for apartments in Nexus will be given the first opportunity to purchase residences in the new development, which Sherpa expects to account for a large number of pre-sales.

“Many of our earlier buyers have shown faith in our vision for the site and, as a result, we are expecting a number of sales to be secured straight out of the gate prior to market launch,”&nbsp;Leet said.

“We will be working with the original buyers first, before releasing the project to the public in the coming weeks.”

[smartcode_project:default project_id=108324 project_image_fid=232452]

The development will deliver a suite of luxury two, three and four-bedroom apartments, ranging from 112 sqm to 661 sqm. The apartments on the upper levels will offer views of Currumbin Alley 
and beyond to the Pacific Ocean.

The luxury development is primed for owner occupiers and downsizers who will enjoy unrivalled residents’ recreational and work-from home amenities.

“Our aim is to create a development that offers spacious designs with the best floorplans available on the Gold Coast,”&nbsp; Leet said.

“The plans are in line with community feedback and deliver a more boutique look with enhanced design elements such as increased planting and greenery to ensure effortless integration with the suburb's surrounds.”

Perspective Nexus will introduce a wide range of luxurious communal amenities for residents, including a dedicated wellness space with features such as a magnesium spa, outdoor kitchen, sauna, hot and cold pools and steam room along with a wellness garden for residents to embrace the beachside surrounds.

The new plans reveal a host of adjustments, including the addition of more than 70 car parks to the site for both residents and visitors – exceeding requirements to ensure owners and their guests have access to ample onsite parking.

Additional amenities and features of Perspective Nexus will include an electric car charging station, individual apartment storage, car wash bay and a parcel delivery storage including a cold store.

In view of the project being code assessable, the company anticipates development approval will be granted by February.

Construction is planned to start in the first quarter of 2024 for completion in the third quarter of 2025.

[smartcode_project_cta:default project_id=108324]

Sherpa’s latest development is the company’s 12th for the Gold Coast region and comes on the heels of a reimagination of the site which is located adjacent to Dune Café and overlooks the Palm Beach Parklands

Sherpa revise plans for Perspective Nexus Palm Beach apartments

Evoke Property Group, led by seasoned Queensland developer Paul Spina, has officially commenced construction on their Palm Beach apartment development, Elevaire.

They've appointed Stokes Wheeler to build the 40-apartment project at 1409-1411 Gold Coast Highway,&nbsp;just a stone's throw away from the shores of Palm Beach.

Boasting a collection of two and three-bedroom residences, Elevaire has garnered significant attention from prospective buyers hailing not only from Queensland but also from Victoria.

The Cottee Parker tower has nine levels and a&nbsp;ground-floor wellness centred recreational area, featuring hot and cold magnesium pools, an open beach shower, sauna, and day beds.

[smartcode_project:default project_id=112941 project_image_fid=216016]

Each residence within Elevaire has been crafted to capture distinct aspects of its surroundings, be it the vast expanse of the coastline, the elevated vantage point, or the scenic hinterland views.&nbsp;

Francis Greenman, the creative mind behind Cottee Parker's design, says Elevaire is inspired by the glistening ocean waves and the rolling sand dunes.

"The interior palette is subtle and inviting, understated in its connection to the surroundings."

[smartcode_project:default project_id=112941 project_image_fid=216018]

Every residence has been designed to foster an unbroken flow of idyllic indoor-outdoor spaces that seamlessly connect residents with the natural beauty that surrounds them.

Situated in the coveted North Palm Beach pocket, Elevaire epitomises the true spirit of Gold Coast living in perfect harmony with its natural surroundings. Here, residents are at home on Australia's premier cosmopolitan coastline, with an array of epicurean features, from hinterland retreats to vibrant artisan cafes, restaurants, and beachfront bars.

[smartcode_project_cta:default project_id=112941]

They've appointed Stokes Wheeler to build the 40-apartment project at 1409-1411 Gold Coast Highway, just a stone's throw away from the shores of Palm Beach

alisonwarters@gmail.com

Evoke Property Group breaks ground on Elevaire Palm Beach apartment development

Construction is underway on the latest Palm Beach development, Evoke on Jefferson, nestled in a prime position along Jefferson Lane and the Gold Coast Highway.&nbsp;

Evoke on Jefferson will offer the idyllic coastal lifestyle, boasting unparalleled ocean and hinterland views, with a collection of just 16 half-floor three-bedroom apartments.&nbsp;

BDA Architecture designed Evoke to be cleverly orientated toward the ocean, with the open plan living spaces not only benefitting from an abundance of natural light and fresh breezes, but from panoramic vistas as well.&nbsp;

[smartcode_project:default project_id=101621 project_image_fid=207603]

The residences take on a natural colour palette that compliments the Palm Beach locale, with timber flooring extending throughout the living areas, while soft whites and greys adorn the kitchen, which is complete with a large fluted island bench.

The master bedrooms feature walk-in robes and ensuites, which are complete with freestanding baths and double basins. The homes also feature a second bathroom, along with a powder room and a hidden laundry.

Each apartment adjoins to spacious entertainer's balconies, creating a seamless indoor and outdoor flow.

Residential amenity hasn't been forgotten at Evoke, with residents set to discover a verdant oasis where a large pool awaits beneath a canopy of greenery. In addition to the poolside retreat, there's also an exclusive residents barbecue area.

[smartcode_project:default project_id=101621 project_image_fid=207610]

Situated in the heart of Palm Beach, Evoke on Jefferson offers unrivalled convenience.

Positioned between the vibrant Palm Beach village centre and the popular Burleigh Heads, residents will have easy access to an array of dining, shopping, and entertainment options.

DP Project Marketing are handling the sales of Evoke, with prices starting from $1.8 million.

[smartcode_project_cta:default project_id=101621]

Evoke on Jefferson will offer the idyllic coastal lifestyle, boasting unparalleled ocean and hinterland views, with a collection of just 16 half-floor three-bedroom apartments.

Construction kicks off at Evoke on Jefferson apartments in Palm Beach

Palm Beach is renowned for its pristine beaches, vibrant dining scene, and natural beauty. Set to be nestled in the heart of the coastal community is Eva Tenth Avenue, a small boutique development that weaves together the tapestry of the evolving story of the area.

It's being developed by fifth generation Chippendale family member Daniel Chippendale, whose family has long lasting roots in the area.

Chippendale set out to offer the ideal environment for families seeking to establish lasting roots and become part of the fabric of Palm Beach.

“The inspiration behind Eva Tenth Avenue is about creating homes that allow others to share in the beauty of Palm Beach,” Chippendale said.

[smartcode_project:default project_id=108429 project_image_fid=193745]

“We’re proud of our family history and wanted to reflect our legacy in creating a beautiful product to pay homage to the local area.

“My family has been here for generations and we have created many wonderful memories on the coast. We want to share a part of our family history with others to help them create their own memories.”

EVA will home 48 one, two and three-bedroom apartments, which will provide residents with a coveted beachside lifestyle just steps away from the golden sands.

Designed by BDA Architecture to embrace the natural beauty of the surroundings, each apartment at EVA has been crafted with an intuitive flow of the spaces, creating a seamless connection to the Pacific Ocean.

A timeless material palette, featuring elements such as white brick, coloured concrete, timber screening, and VJ paneling, adds depth and richness to EVA, contributing to a layered coastal effect.

[smartcode_project:default project_id=108429 project_image_fid=193746]

The nine-level building will feature amenity area on the ground floor, encompassing a pool, communal lounge area, gymnasium, yoga lawn and a BBQ area surrounded by lush sub-tropical landscaping.

With a prime location within Palm Beach's burgeoning dining and retail precinct, residents will be in proximity to an array of restaurant options, along with local boutiques and cafes.&nbsp;

Of course, the true allure of EVA lies in its proximity to the beach, allowing residents to fully embrace coastal living.

[smartcode_project:default project_id=108429 project_image_fid=193749]

Eva is also positioned between two natural estuaries, Tallebudgera Creek and Currumbin Estuary, with the idyllic setting presenting endless opportunities for water activities, from paddle boarding and kayaking to fishing and picnicking by the water's edge.

One-bedroom apartments, which start at a generous 69 sqm, are priced from $650,000.&nbsp;The two-bedders range in size from 95 sqm to 106 sqm and start from $850,000, topping out at just over $1 million.

The three-bedroom apartments cover an expansive 208 sqm and are priced from&nbsp;$2.25 million.&nbsp;

[smartcode_project_cta:default project_id=108429]

EVA will home 48 one, two and three-bedroom apartments, which will provide residents with a coveted beachside lifestyle just steps away from the golden sands

EVA Tenth Avenue: Where coastal living meets lasting roots

Palm Beach's dress circle Jefferson Lane is set to receive an injection of more luxury apartments.

The beachfront strip in the south of the Gold Coast has been busy in the last few years, with the likes of Graya, Lacey Group, and Daascon all developing on the exclusive strip.

The latest plans are by the Brisbane-based Green Leaves childcare boss Michael Hovey, who spent $6.35 million on the home on 597 sqm in December. Hovey also owns next door, which was bought for $3.5 million in 2017, making the amalgamated lot 1,194 sqm.

He's proposing just 10 apartments across a 12-level building, which would see it climb 42.9 metres, well above the building height allowance of 29 metres.

<img alt="71 Jefferson Lane" data-entity-type="file" data-entity-uuid="dc4855e2-9b30-4850-8f4f-56aa2ee040a8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-19%20at%203.25.13%20pm.png?VersionId=rYWh6MB0QTjPBvh4RcMlW7QaaDc.PdRv" />

Town planner UPS argue however that, because the project is&nbsp;located in an ‘Urban neighbourhood’, the City Plan sets out provisions for an increase in height if development can demonstrate achievement of a number of architectural and contextual principles set out within the strategic framework.

Local architecture firm Plus were engaged to design the project, which they write in their documents filed to the Gold Coast City Council, "offers luxurious and thoughtfully designed living with breathtaking panoramic ocean views."

"The architecture of the building is designed to mimic the sculptural forms of sand shaped by water, with car ved elements providing relief and protection to the apartments, while also grounding the building into to the earth. The apartments are oriented towards the north-eastern aspect, with the sculptural forms peeling away to provide uninterrupted coastal views.

<img alt="71 Jefferson Lane" data-entity-type="file" data-entity-uuid="83810233-449e-4ae6-8f91-e2846c70a1ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-19%20at%203.25.19%20pm.png?VersionId=6Hy86rvoCWzQv6UpbaDr4PCVohws_AB0" />

"The building is visually divided into three horizontal sections, the lower levels reflecting the solidity of rocky shores and solid earth, while the typical apartment levels reflect the fluidity and delicacy of sand."

Each apartment spans a whole floor, apart from the split-level penthouse which spreads across levels 11 and 12.

The ground floor apartment has 304 sqm of internal area and a 47 sqm balcony, while the floorplate for apartments across levels one to nine is 347 sqm of internal living space and a 41 sqm balcony.

Each will have four bedrooms, one a master suite with walk in wardrobe and ensuite. There's a multi-purpose room, wine storage, and a butler's pantry in the kitchen.

<img alt="71 Jefferson Lane" data-entity-type="file" data-entity-uuid="4345c74e-eedd-4c87-97f4-71362957a4a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-05-19%20at%203.25.09%20pm.png?VersionId=nnf_dB5mJAVaqqynFdDAi8GMB5U6q9Dy" />

The sprawling penthouse has four bedrooms on the first level, a gym and a library. A spiral staircase leads to the second level where there's the main kitchen living and dining area, a fifth bedroom, a study, a mutli-purpose room, and a wine room. Both levels have balconies.

The upper ground floor will home the resident amenity which will include a&nbsp;swimming pool with spa and wet deck, a gym, steam room and sauna, dining pods, outdoor shower, surf rack storage, and a fire pit area.

"Overall, the twelve storey residence at Palm Beach along Jefferson Lane is a stunning example of luxury architecture and design, offering residents a sense of exclusivity and privacy, as well as stunning coastal views and easy beach access," Plus wrote.

There's been plenty happening on Jefferson Lane in recent years.&nbsp;Homebuilder turned luxury apartment developer Graya <a href="/news/qld/graya-unveil-second-gold-coast-apartment-project">are set to launch Kloud</a>&nbsp;which they are expecting to be approved imminently.

The Lacey Group are currently building The Monroe, after its sell-out by Pezet Matheson. The Lacey Group has previously developed The Jefferson on the strip before.

Aurelia is currently on the market by Samy Saad's Daascon. Prices start from $6.35 million for their whole-floor apartments.

Seven Group media heir Ryan Stokes secured approval for a <a href="/news/qld/seven-boss-ryan-stokes-lodges-plans-for-palm-beach-apartment-development-akuna">boutique project Akuna</a> at 39-41 Jefferson Lane, but no sign of a project launch there.

The beachfront strip in the south of the Gold Coast has been busy in the last few years, with the likes of Graya, Lacey Group, and Daascon all developing on the exclusive strip

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