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

Perth off the plan apartments

National developer&nbsp;<a href="/developers/cedar-woods">Cedar Woods</a>&nbsp;is commencing construction this month on <a href="/new-apartments/incontro-subiaco-133-salvado-road-subiaco-wa-6008">Incontro</a> Apartments in Subiaco, following strong sales performance, with almost 50 per cent of the new apartments sold prior to breaking ground.

Multi-award winning EMCO Building has been appointed to deliver the 110-apartment development. The leading WA builder, which has delivered numerous high-quality residential projects across Western Australia over the past four decades, will commence construction this month, with completion expected in mid-2027.

[smartcode_project:default project_id=108869 project_image_fid=317905]

Cedar Woods&nbsp;Managing Director&nbsp;Nathan&nbsp;Blackburne said the company was pleased to partner with EMCO to bring Incontro Apartments to life.

“EMCO Building has a proven track record of delivering high-quality residential projects, and the calibre of their work combined with the project’s architectural merit presents a strong proposition for purchasers.”

Commenting on the early sales success, Blackburne said&nbsp;the strong early sales indicate that Incontro Apartments’ attractive price point and well-connected&nbsp;Subiaco&nbsp;location are clearly resonating with buyers.

[smartcode_project:default project_id=108869 project_image_fid=325605]

EMCO Building General Manager New Business, Ronan Cosgrove, said the company was excited to be officially working with&nbsp;Cedar Woods&nbsp;on Incontro Apartments.

“We’re pleased to be appointed to deliver Incontro Apartments following a strong period of collaboration with&nbsp;Cedar Woods&nbsp;during the early design and planning phase”, Cosgrove said.

“There’s been clear alignment between our teams from the outset, underpinned by a shared commitment to excellence and strong reputations for delivering high-quality developments.”

[smartcode_project:default project_id=108869 project_image_fid=317904]

The apartments represent the newest release within Cedar Woods' Incontro community, offering a range of stylish one, two, and three-bedroom residences. The development is designed to support a connected and convenient lifestyle, with shared amenities including a landscaped garden terrace that encourages social interaction and relaxation.

The apartments feature a choice of two interior colour schemes inspired by native flora, premium Smeg kitchen appliances, and a variety of floorplans designed to maximise space and functionality. Prices start from $624,000.

[smartcode_project_cta:default project_id=108869]

With almost 50 per cent of the project already sold, Cedar Woods has announced the next major milestone at Incontro Apartments

Incontro Apartments snapped up as Cedar Woods announces builder

Perth luxury apartment developer Blackburne has announced their first truly boutique high-end development for the South Perth waterfront.

Blackburne, who is known for recent award-winning developments such as The Grove Residences in Claremont and ONE Subiaco, will develop the luxury project at <a href="/new-apartments/44-mill-point-road-south-perth-wa-6151">44 Mill Point Road</a>.

The project will feature only 57 large-scale apartments, ranging from $2 million to $10 million. The development will have health club-level facilities, a bathhouse, private dining rooms, and a private residents’ lounge.

<img alt="Blackburne" data-entity-type="file" data-entity-uuid="23b666b5-2ee6-4a7b-966b-3d60ef92e224" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%203.59.45%E2%80%AFPM.png?VersionId=s75d1n90heoDS9iiEN_GFsW_r5Hsz3fh" />

&nbsp;

Managing Director and Founder of Blackburne Paul Blackburne said it is their most exciting development to date.

“We’re proud to be bringing a project that responds to the unique character of South Perth while raising the bar for apartment living," Blackburne said.

"Perth has never seen a boutique project with mostly ultra-high-end residences, and we’re excited to bring something new to people wanting to live in South Perth.

“With larger floorplans than we have ever done before, ultra-premium finishes and a focus on privacy and views, this development is tailored for discerning owner occupiers who want to stay connected to the city while enjoying a relaxed, riverside lifestyle. This location is without a doubt the best in South Perth and will bring something new to the area. It’s our most exciting development yet,” he said.

<img alt="Blackburne" data-entity-type="file" data-entity-uuid="5117e8f8-9294-49ed-ac07-7e693c3081ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%204.00.08%E2%80%AFPM.png?VersionId=LQoO6Ky_mBVH8wi7OFIMrDVb9bQNXLrr" />

When designing the South Perth development, local architects MJA Studio drew inspiration from the forms of the river, the local tonal palettes of the peninsula and the iconic local architecture such as the Flour Mill and the Narrows Bridge.

The DA is progressing through the new 11B Pathway and has undergone three comprehensive design review sessions with a state-appointed expert panel of architects.

Throughout the State design review process, the submission received recognition for design excellence for landscape quality, sustainability and aesthetics from the state design review panel. In line with the City of South Perth Activity Centre Plan (ACP), the project is within the height limit of 17 levels.

Managing Director and Founder of Blackburne Paul Blackburne said it is their most exciting development to date.



Blackburne files for "most exciting new apartment development yet" in South Perth

Leading Malaysian developer UEM Sunrise has started taking registrations of interest at its flagship Subiaco East development One Oval,&nbsp;the first residential project to proceed under the WA Government’s Subiaco East Masterplan.

One Oval is a&nbsp;key component of the Subiaco East Masterplan by DevelopmentWA, the Western Australia State Government’s central land and development agency, which aims to rejuvenate 35 hectares of land surrounding Subiaco Oval, the former Princess Margaret Hospital, and Mueller Park.

The masterplan envisions creating a vibrant, inner-city village that respects the area's rich heritage while introducing new residential, commercial, and public spaces to meet the needs of a growing population.

One Oval will include two distinctive residential buildings with dynamic tiered heights of 36 and 26 levels on Lot 1, and 11 levels on Lot 2. The towers will home 342 one, two and three-bedroom apartments,&nbsp;400 sqm of retail at ground level, and a strong focus on wellness amenity and community connection.

<img alt="One Oval" data-entity-type="file" data-entity-uuid="52d07e33-b7e6-47ef-94a1-021c58dd90ab" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.26.37%E2%80%AFAM.png?VersionId=huNI_42EMkHWRcETTt.EYPxRveA8FvRX" />

Construction is expected to commence next year, with completion of Lot 2 expected in the first quarter of 2029, and Lot 1 expected later that year.

UEM Sunrise Officer-in-Charge and Chief Financial Officer, Hafizuddin Sulaiman says the name One Oval reflects both the site's legacy and its future as a new destination for Subiaco.

“We’re proud to unveil One Oval as the name for our first project in Western Australia”, Hafizuddin said.

“This location holds deep sporting and cultural significance, and we see this as an opportunity to create something truly special that speaks to both history and the future.

“One Oval offers premium residences that are thoughtfully curated and innovatively designed, fostering inclusivity where residents will be able to enjoy elevated parkside living in one of Australia’s most coveted suburbs.”

<img alt="One Oval" data-entity-type="file" data-entity-uuid="c5a0347f-2a2a-49e4-b547-e3c3dad245a5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-22%20at%209.26.32%E2%80%AFAM.png?VersionId=Uap_3WqHxdwZ4JxRK2v5VjB2gER8_MOE" />

Over 70 per cent of the development will have two and three-bedroom residences, with elements of&nbsp;inter-generational living.

Beyond housing, One Oval will bring lasting benefits to the community. Plans include delivering infrastructure to support community events at the Heritage Gates park and the open space&nbsp;within the development adjoining the oval, as well as providing art activation and storage facilities at the oval for local football clubs.

UEM Sunrise Officer-in-Charge and Chief Financial Officer, Hafizuddin Sulaiman says the name One Oval reflects both the site's legacy and its future as a new destination for Subiaco

UEM Sunrise kicks off registrations of interest at One Oval, new Subiaco apartment development

Local <a href="/developments/scarborough-wa-6019">Scarborough</a> resident and respected Perth apartment developer Gary Dempsey is back on the development scene in his hometown.

Dempsey's development company, <a href="/developers/gary-dempsey-developments">Gary Dempsey Developments</a>, has unveiled <a href="/new-apartments/myka-residences-scarborough-194-the-esplanade-scarborough-wa-6019">Myka Residences</a>—21 luxury apartments as close to the sand as possible on The Esplanade.

&nbsp;

Located directly across the road from Brighton Beach, offering uninterrupted, never-to-be-built-out views, Myka will consist of 20 half-floor apartments, ranging from three to four bedrooms and 235 sqm to 368 sqm in size, as well as one whole-floor penthouse.

&nbsp;

[smartcode_project:default project_id=148114 project_image_fid=314542]

Off the plan buyers can choose between two interior color schemes: Sand, which embraces warm tones and organic textures, or Sea, inspired by the cool hues of the ocean.

Living areas will feature expansive glazing, engineered timber flooring, and open-plan layouts that extend onto spacious balconies with frameless glass balustrades for uninterrupted ocean views. Select residences will include an integrated fireplace with a polished plaster feature wall.

&nbsp;

[smartcode_project:default project_id=148114 project_image_fid=314526]

Kitchens are appointed with stone island benches, timber veneer cabinetry, and a suite of integrated Miele appliances, including a pyrolytic oven, combi microwave, induction cooktop, and dishwasher.

A concealed appliance cupboard, scullery, and optional bar area provide additional storage and preparation space. The kitchen extends to an alfresco cooking area, with the option to include a marine-grade stainless steel BBQ set into a high-pressure porcelain panel benchtop.

Bedrooms feature wool carpets, walk-in robes with custom dressers, and floor-to-ceiling glass doors that frame the ocean views. The master bedrooms include ensuites with freestanding bathtubs, dual stone vanities, Grohe rain showers with integrated bench seating, and underfloor heating.

[smartcode_project:default project_id=148114 project_image_fid=314531]

Residents will also enjoy a range of lifestyle amenities starting from when they enter the building, with a lobby designed to feel more like a private art gallery.

The Myka Club offers an exclusive residents’ lounge and entertaining area with direct ocean views. Outdoor communal spaces include a common green area with secure outdoor dining and BBQ facilities.

A dedicated surf and bike store provides convenient storage for outdoor gear, while a fully equipped dog wash station caters to pet owners.

Further enhancing its sustainability, Myka is set to achieve an average 7-Star NatHERS rating, highlighting its energy-efficient design. A rooftop photovoltaic solar system helps reduce reliance on traditional energy sources, lowering communal electricity costs. The development is also entirely non-smoking, promoting a cleaner and healthier environment for all residents.

There are also electric vehicle charging provisions, catering to the growing demand for sustainable transport solutions.

The project sits on a prime 1,500&nbsp;site on the corner of The Esplanade and Brighton Road, behind C-Breeze Kiosk near Brighton Beach Reserve, and just south of the Scarborough Beach Precinct and Scarborough Beach Pool—WA's first beachfront pool. The pool features two geothermally heated pools: one 25m and one 50m.

Thirty percent of apartments at Myka have already sold. Myka is the second development by Dempsey in Scarborough. He previously developed Bluewater Apartments, just under one kilometer north on Reserve Street.

[smartcode_project_cta:default project_id=148114]

Gary Dempsey reveals second luxury Scarborough apartment development, Myka Residences

Developer Golden Sedayu has launched its own construction arm to deliver its landmark $3.8 billion masterplan, Burswood Point.

<article data-scroll-anchor="true" data-testid="conversation-turn-3" dir="auto">
Golden Sedayu Construction will soon commence works&nbsp;on the first stage of the new precinct development, which includes the construction of the first&nbsp;two apartment towers: Somerset East and Somerset West. The newly assembled construction team involves key personnel who have previously worked on landmark projects such as The Ritz Carlton and The Towers at Elizabeth Quay.

"This strategic move ensures greater control over project timelines, quality assurance, and seamless coordination," Golden Sedayu Managing Director, Andrew Sugiaputra, said.
</article>

[smartcode_project:default project_id=142314 project_image_fid=263304]

More than $200 million in site works have been completed already, including access roads, water works, sewer infrastructure, bulk earthworks, and a new bridge connecting Victoria Park Drive to the precinct.&nbsp;

Construction of the two towers, which will home 203 apartments, will begin in May. Completion is slated for Q4 2027.

60 per cent of the apartments in Somerset West have been snapped up. Somerset East will launch in the coming months.

[smartcode_project:default project_id=142314 project_image_fid=263311]

Situated on a 38-hectare site along the Swan River, <a href="/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> is set to become one of Western Australia’s most significant urban renewal projects.&nbsp;

The development will eventually bring 4,500 homes, hotels, retail and dining options, and extensive public open spaces to the area, with over 110,000 sqm of parklands and a 2.5-kilometre foreshore.

Designed by <a href="/architects/dko-architecture">DKO Architecture</a>, the Somerset towers will feature tiered balconies with greenery, enhancing their visual appeal and complementing the surrounding landscape.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=323174]

Residents will have access to a range of amenities, including a 20-metre infinity pool with views of the Swan River, a gym, wellness spaces, and a rooftop observation deck with BBQ facilities overlooking Optus Stadium and Matagarup Bridge.

Golden Sedayu, a partnership between Perth’s Golden Group and Indonesian property developer Agung Sedayu, has positioned Burswood Point as a future lifestyle and entertainment hub, just 3.5 kilometres from the Perth CBD.&nbsp;

The two towers are expected , with additional towers and precincts to be developed in subsequent stages.

[smartcode_project_cta:default project_id=142314]

Golden Sedayu establishes Golden Sedayu Construction to deliver landmark Burswood Point masterplan

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

The name of the suburb Sorrento, on Perth's stunning coastline, is believed to be inspired by the Italian town overlooking the Bay of Naples. It’s easy to see why—both places share incredible ocean views, beautiful beaches, and scenic walking trails.

What sets <a href="/developments/sorrento-wa-6020">Sorrento</a> in Perth apart, however, is something the Italian town doesn’t have: a brand-new apartment development. Apartments are a rare find in the beachside Perth locale, making up only about five percent of the suburb’s 3,000 or so homes. That’s what makes Megara’s Ora Sorrento such a unique opportunity for those wanting a modern, low-maintenance apartment by the coast.

[smartcode_project:default project_id=136169 project_image_fid=213841]

With such limited supply, the potential for strong long-term value growth is clear. <a href="/new-apartments/ora-sorrento-128-136-west-coast-drive-sorrento">Ora Sorrento</a>, currently under construction by Thomas Building, will offer 73 apartments when it’s completed in late 2026.

The award-winning MJA Studio took inspiration from Ora’s prime location, right across from Marmion and Sorrento Beaches. The design reflects the natural beauty of the coastline, with organic curves and high-quality finishes throughout both the exterior and interiors.

[smartcode_project:default project_id=136169 project_image_fid=213846]

Ora will feature a mix of spacious one, two, and three-bedroom apartments, plus the exclusive Cascade Collection of multi-level, three and four-bedroom penthouses. The design embraces a ‘barefoot luxury’ style, combining top-tier finishes with a laid-back, coastal vibe.

The open-plan layouts at Ora Sorrento are designed to maximise space and natural light, with kitchens featuring premium V-ZUG appliances and Astra Walker fixtures. In the larger apartments, the master suites include walk-through wardrobes that lead to private ensuites with double vanities.

[smartcode_project:default project_id=136169 project_image_fid=213851]

Residents will enjoy an impressive range of resort-style amenities, including a private residents’ deck with a heated pool, cabanas, a sauna, steam room and a gym. There’s also a dedicated lounge with a kitchen and dining area, perfect for entertaining, while a wine cellar provides a cosy setting for tastings and secure storage.

Conveniently located just minutes from Seacrest Shopping Centre, the Flora Terrace Strip, Hillarys Boat Harbour, and Sorrento Quay, Ora offers easy access to a variety of dining, retail, and recreational options. Families will appreciate nearby schools like Sacred Heart College and Sorrento Primary School, the only two schools in the suburb.

[smartcode_project:default project_id=136169 project_image_fid=213847]

Ora is currently under construction, with construction expected in 2026.

<a href="/developers/megara">Megara</a> has a strong track record, having been developing across Perth since 2006. They are currently developing <a href="/new-apartments/serai-north-fremantle-21-mccabe-street-north-fremantle">Serai</a>, one of the few new developments in <a href="/developments/north-fremantle-wa-6159">North Fremantle</a>.

[smartcode_project_cta:default project_id=136169]

The award-winning MJA Studio took inspiration from Ora’s prime location, right across from Marmion and Sorrento Beaches

The unrepeatable nature of Ora Sorrento apartments

Perth’s popular Subiaco is set to receive a fresh injection of new apartments, and select two-storey townhomes, with the launch of Incontro Apartments by award winning developer Cedar Woods.

Cedar Woods, who have developed nationally for the best part of four decades, have already sold 30 percent of the apartments before officially taking the project to market. The launch comes off the back of the successful Incontro Townhouse development next door where buyers have moved into their completed homes and are enjoying the surrounding amenity that Subiaco has to offer.&nbsp;

The one, two and three-bedroom apartments start from $604,000* which is well below Subiaco’s median house price which is now touching $1.9 million. The Subiaco unit market has also grown significantly, according to property data analytics firm CoreLogic, with values jumping 12.4 per cent in calendar year 2023, followed by a rise of 16.7 per cent&nbsp;in 2024.

[smartcode_project:default project_id=108869 project_image_fid=317905]

Cedar Woods had DKO Architecture design the striking building that complements the developing Incontro masterplan. Their focus was on maximising natural light, creating flexible living spaces, and curating two stylish colour schemes for buyers to choose from, both inspired by local flora.

Each kitchen will include integrated Smeg appliances and stone benchtops, while the open plan living area will feature 2.7-metre high ceilings and direct access to a balcony or courtyard, increasing the feeling of open space.

Incontro Apartments will also have an exclusive garden terrace on the second level which will include dining and entertaining spaces, work areas, and landscaped green nooks.

[smartcode_project:default project_id=108869 project_image_fid=325605]

Cedar Woods places a high priority on creating sustainable communities, and Incontro is no different. The development will achieve an average 7.5-star NatHERS energy rating and will include solar panels, water-efficient fixtures, double glazed windows, EV charging options, and materials which have been locally sourced.

Incontro’s prime location in Subiaco will put residents within minutes of parklands, schools, retail, dining, and entertainment options. Incontro is also within walking or cycling distance of Rokeby Road’s café strip, Subiaco Common, Kings Park, and Subiaco Farmers Market, as well as Subiaco Station, all just five kilometres from the Perth CBD.

[smartcode_project:default project_id=108869 project_image_fid=317909]

Buyers who act quickly may be eligible for savings of up to $50,000 on stamp duty under Western Australia’s Off-The-Plan Duty Concession and Rebate Scheme, due to finish at 30 June 2025.

Cedar Woods is expecting to start construction on Incontro Apartments later this year, with a builder appointment expected shortly.

[smartcode_project_cta:default project_id=108869]

Cedar Woods launches Incontro Apartments in Subiaco

Ron Jackson has called Mosman Park home for the last 25 years, so when the rare opportunity arose to downsize into a brand new apartment on the boundary of Mosman Park in North Fremantle, he jumped at the chance.

He has lived just 500 metres from <a href="/new-apartments/serai-north-fremantle-21-mccabe-street-north-fremantle">Serai</a>, the new apartment development by <a href="/developments/perth-wa">Perth</a> developer <a href="/developers/megara">Megara</a>, since the late 1990s.

"I've walked past the site, and the industrial buildings that previously occupied it, hundreds of times over the last two decades," Ron says.

[smartcode_project:default project_id=110291 project_image_fid=186209]

Ron and his wife saw an ad in the local paper, so when the project was launched, they attended the opening day reveal.

"We were certainly among the early buyers in the development," Ron recalls, adding that they were impressed with everything Megara had put together.

“The architecture and proposed fit-out looked fantastic, even on paper,” Ron said.

"The area boasts beautiful river walks, world-class beaches on its doorstep, and views of the harbour where cruise ships dock."&nbsp;

The apartments facing south offer panoramic views of the river, with the apartments facing north enjoying views of the magnificent northern beach coastline to Cottesloe.&nbsp;

Ron and his wife secured a three-bedroom apartment on one of the higher levels of the eight-level structure.

"We'll be in a position where our balcony wraps around so we have views directly over the Swan River, Port Beach and Fremantle Harbour. The chances are, given the rarity of new apartments in <a href="/developments/north-fremantle-wa-6159">North Fremantle</a> and being located high on a hill, the views will likely never be built out."

[smartcode_project:default project_id=110291 project_image_fid=186196]

Serai has been a hit with locals given North Fremantle hasn't seen a new development for several years, and nothing of this quality.

The two architecturally-striking towers, currently under construction and slated for completion in Q1 2026, will comprise 86 one, two, three and four-bedroom apartments and 11 luxury townhouses at the rear of the development. Serai also incorporates a host of impressive facilities which Ron says ticked all of the boxes.

“You name it, Serai has it,” Ron says of the development that will boast a heated swimming pool which will offer the most impressive views over the Swan, a gym with a yoga room and sauna, a fire-pit lounge, outdoor barbeque area, an outdoor cinema, a makers room, a whisky room and EV charging stations.

[smartcode_project:default project_id=110291 project_image_fid=186200]

The couple has a miniature schnauzer, so while a dog wash facility may seem minor compared to larger amenities like a pool or gym, it’s actually an important feature for some prospective buyers.

“It’s important to us that the building is pet-friendly, and the integrated dog wash facility tells us pets are welcomed in the building, and we likely won’t be the only ones with a dog.”

[smartcode_project:default project_id=110291 project_image_fid=186201]

The latest technology within the building was another tick, offering Ron and his wife an added layer of security. Easy access to Fremantle and Perth via two train stations and the availability of a number of private schools in the area is also another big draw card for prospective buyers.

“Everything is top of the range with CCTV and number plate recognition when parking. We are going to feel very secure in the building.”

[smartcode_project:default project_id=110291 project_image_fid=186207]

One of the most important parts of buying off the plan is to do full due diligence on the developer and its track record. Ron went to visit a building Megara completed a few years ago in Ardross.

"I actually lurked outside the building for an hour or so and caught a few residents coming and going from their apartment, so I got the chance to speak to them about their experience buying with Megara, but more importantly the quality of the building.&nbsp;

"Of the three or four owners I spoke to, everyone spoke highly of the apartment they bought, the quality of the construction, and the craftmanship of the interiors."

Ron believes the future resale value of the project should be solid because of the location, quality of the design, and the uniqueness of the project, a sentiment echoed by Megara Director Jamie Clarke.

"When completed, there will be almost nothing comparable to Serai, or anything under construction or even in planning currently. There won't be a lot of new stock that is competing within the immediate vicinity, and that's not lost on our buyers who know this is a rare opportunity," Jamie says.

Ron and his wife are one of many downsizers who are fuelling a large majority of the off the plan apartment market. Perth was the strongest capital city housing market in 2024, with house values increasing nearly 19 per cent.

Ron&nbsp;took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind buying off the plan property in Australia.

[smartcode_project_cta:default project_id=110291]

Ron believes the future resale value of the project should be solid because of the location, quality of the design, and the uniqueness of the project, a sentiment echoed by Megara Director Jamie Clarke.

Why Serai apartments in North Fremantle have resonated with the local market: Urban Buyer Q&A

It's a crucial first step in any multi-stage development that the initial phase provides significant amenities for the first residents, especially when the full masterplan might take a decade or more to complete.

<a href="/developers/golden-sedayu">Golden Sedayu</a> is hitting all the right notes with its $3.8 billion <a href="/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> masterplan—a major redevelopment of the land surrounding Belmont Racecourse on the Swan River.

In the first stage, the developer is focusing on two towers: Somerset East and Somerset West. Last year, they launched 203 one, two, and three-bedroom apartments, and the response has been overwhelming. These apartments will be the first of approximately 4,500 dwellings to be delivered across the 38-hectare precinct.

Within the two towers, Golden Sedayu has strategically included a range of amenities to ensure that the first residents of the masterplan are well catered for.

[smartcode_project:default project_id=142314 project_image_fid=263319]

Upon arrival, residents and guests are welcomed by Somerset's sculptural two-tower form.&nbsp;

The architectural design by <a href="/architects/dko-architecture">DKO Architecture</a> features rising tiers of balconies with greenery, creating a visually striking entrance.

[smartcode_project:default project_id=142314 project_image_fid=263321]

Located on the third floor, Somerset’s amenities offer panoramic views of the surrounding landscape.&nbsp;

The highlight of the development's amenities is the 20-metre infinity pool that appears to cascade towards the Swan River, surrounded by sun decks, submerged loungers, a children's shallow pool, and jacuzzis.

[smartcode_project:default project_id=142314 project_image_fid=263320]

An observation deck offers a private viewing experience of the nearby racetrack, with Optus Stadium and Matagarup Bridge as a backdrop.&nbsp;

The viewing deck will have BBQ facilities, making it suitable for gatherings and social events.&nbsp;

[smartcode_project:default project_id=142314 project_image_fid=263305]

Somerset's deck also includes areas dedicated to restorative yoga and meditation, complemented by a wellness centre that has a gymnasium surrounded by greenery.

For private dining, Golden Sedayu has designed a residents’ dining room.

[smartcode_project:default project_id=142314 project_image_fid=263323]

Part of stage one will also include a boulevard with various shops, cafes and supermarkets. Burswood Point will have 91,000 sqm of retail and commercial space all up on its completion. The masterplan will also have 110,000 sqm of parklands and a 2.5-kilometre foreshore.&nbsp;

Located just 3.5 kilometres from the CBD, Burswood Point is envisioned as a "city within a city," transforming <a href="/new-apartments/perth-wa">Perth</a> with a new lifestyle and entertainment hub. It is the largest mixed-use&nbsp;urban&nbsp;development Perth has ever seen.

Over $200 million of site works have been completed and construction of the two Somerset towers will commence in Q1 2025.

[smartcode_project_cta:default project_id=142314]

Perth off the plan apartments

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Perth off the plan apartments

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.