For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

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

Staff Writer

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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