<p>An ultra-luxury absolute beachfront tower on the Gold Coast’s <a href="https://www.apartments.com.au/developments/main-beach-qld-4217">Main Beach</a> has officially hit the market, having secured over $150 million in presales.</p>

<p><a href="https://www.apartments.com.au/new-apartments/le-r-ve-main-beach-3555-main-beach-parade-main-beach-qld-4217">Le Rêve</a>, delivered by developer-builder <a href="https://www.apartments.com.au/developers/odus">ODUS</a> and <a href="https://www.apartments.com.au/builders/nazero">Nazero</a> in partnership with Metrics Credit Partners, comprises 40 opulent half and full-floor residences, perched directly on the dunes, starting from $7.45 million.</p>

<p>Pre-launch sales have achieved an average price tag of $8 million, highlighting strong demand from top-end buyers.</p>

<p>The 26-storey project at 3555 Main Beach Parade has development approval and is under construction, with completion anticipated by early 2028.</p>

<p>Occupying a 1,355 sqm site, Le Rêve enjoys double the beach frontage of most Main Beach towers, an incredible 30-metres, with generous 4.5-metre setbacks.</p>

<p>[smartcode_project:default project_id=112163 project_image_fid=357556]</p>

<p>ODUS director Byron Sakha said it offered a rare opportunity for wide, uninterrupted views that could never be built out, on one of the world’s most beautiful beaches.</p>

<p>“Le Rêve is French for ‘the dream’ and that’s what this location represents. We believe it is the best new development site anywhere on the Gold Coast; a dream site,” said Sakha.</p>

<p>“The apartments are located directly on the beachfront, with no roads or paths between, providing panoramic ocean views and direct access to the sand, and because it is elevated above the dunes, it also offers unrivalled privacy.</p>

<p>“We’ve worked with architect Bayden Goddard of <a href="https://www.apartments.com.au/architects/bgd-architects">BGD Architects</a> to enhance the original design, with a distinctive, elegant glass façade, world-class amenities, and the addition of eight residences. Le Rêve’s 30-metres of absolute beach frontage affords a view from virtually every room, and has allowed us to provide a grand 25-metre residents’ beachfront pool and private lawn.</p>

<p>“Buyers have recognised these opportunities are few and far between and have been quick to secure their place in Le Rêve.”</p>

<p>[smartcode_project:default project_id=112163 project_image_fid=357570]</p>

<p>The apartments start from nearly 300 sqm and range in size up to 900 sqm, with three or four bedrooms and multiple living spaces.</p>

<p>“The emphasis is on the view, with full-floor glazing, sleek glass balustrades and wrap-around balconies that are close to 4-metres wide, blurring the lines between inside and out, and inviting cooling ocean breezes,” Sakha added.</p>

<p>“The interiors epitomise understated luxury with natural materials, textures and tones including Taj Mahal stone, oak flooring, recessed LED lighting and high ceilings. Outside, its beautiful arched façade with glass balconies and double-storey curved podium will be complemented by lush, cascading landscaping that enhances Main Beach’s streetscape.”</p>

<p>[smartcode_project:default project_id=112163 project_image_fid=357567]</p>

<p>OTP Group Director James Elliott, who is selling&nbsp;<a href="https://www.apartments.com.au/new-apartments/le-r-ve-main-beach-3555-main-beach-parade-main-beach-qld-4217">Le Rêve</a>, said buyers were from the Gold Coast, Brisbane, Sydney and Melbourne, and predominately moving from luxury stand-alone homes or purchasing as a holiday home.</p>

<p>“We are anticipating sales will continue to ramp up now we’re officially on the market and design enhancements have been finalised,” Elliott said.</p>

<p>“Le Rêve offers house-sized residences that take luxury living to the next level, in an unrivalled location, with exceptional onsite resident amenities.</p>

<p>“The facilities are some of the most unique on the Gold Coast, if not Australia-wide, with a huge beachfront pool and wellness amenities including a cold plunge pool, spa, sauna, steam room, gym and yoga studio, along with a teppanyaki kitchen, and private residents’ lounge."</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>The Le Rêve development site was secured for $55.68 million in mid-2025.</p>

<p>ODUS and Nazero are also developing the adjacent 29-level La Mer tower in partnership with Metrics Credit Partners, which is earmarked for completion in late 2026. A fully completed prototype apartment is now available for private inspection.</p>

<p>[smartcode_project_cta:default project_id=112163]</p>


Joel Robinson

Le Rêve Main Beach launches with $152 million in presales

<p>Third.i Group and joint venture partner Phoenix Property Investors (PPI) have secured detailed design approval from the Independent Planning Commission (IPC) for <a href="https://www.apartments.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate at Hume Place</a>,&nbsp;a landmark, state‑significant mixed-use residential development positioned directly above the Crows Nest Metro Station.<br />
&nbsp;<br />
This latest approval builds on the project’s existing stage one planning consent and marks a major milestone in the delivery of Elevate at Hume Place. It confirms the detailed design of the building within the already approved planning envelope, paving the way for construction to commence and giving purchasers and the broader market added confidence in the project’s progression.<br />
&nbsp;<br />
Throughout the detailed design process, <a href="https://www.apartments.com.au/developers/thirdi-group">Third.i Group</a> worked closely with the IPC, Sydney Metro, its consultant team and relevant Government stakeholders to refine the building outcome, ensuring Elevate responds sensitively to its urban context whilst at the same time maximises its development footprint above one of the NSW’s key pieces of transport infrastructure.&nbsp;<br />
&nbsp;<br />
This process has enabled the creation of some of the best one, two &amp; three bedroom apartments in Crow's Nest along with the introduction of an additional level of parking, providing the Elevate community with valuable off‑street parking while enhancing accessibility and convenience for residents.</p>

<p>[smartcode_project:default project_id=142550 project_image_fid=309368]<br />
&nbsp;<br />
Elevate at Hume Place is the first development of its kind to be delivered by Third.i Group and PPI in partnership with Sydney Metro, reflecting the group’s capability and trusted position as a delivery partner for complex, infrastructure‑led projects alongside Government. The Hume Place precinct will also include a component of affordable housing and build to rent (BTR) apartments which is currently pending a separate planning approval outcome.<br />
&nbsp;<br />
With direct access to the Sydney Metro, Elevate residents will benefit from travel times of just seven minutes to the CBD and four minutes to Chatswood, positioning the development as one of the most connected residential addresses on the Lower North Shore.<br />
&nbsp;<br />
The project will deliver 122 one-, two- and three-bedroom apartments, including a selection of premium three bedroom penthouses known as ‘Sky Homes’, designed by internationally acclaimed architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>. Residents will have access to a suite of amenities including a rooftop terrace with panoramic city views, swimming pool and wellness facilities, private gym, concierge services and communal spaces.</p>

<p>[smartcode_project:default project_id=142550 project_image_fid=309369]<br />
&nbsp;<br />
Florian Caillon, Partner &amp; Head of Acquisitions at Third.i Group, said the detailed design approval reinforces the significance of the project and Third.i Group’s ongoing partnership with Government.<br />
&nbsp;<br />
“Securing detailed design approval for Elevate at Hume Place is a defining moment for Third.i and a clear signal that this project is moving into its next phase of delivery," Caillon said.<br />
&nbsp;<br />
“This project sets a new benchmark for how integrated residential metro development can be delivered in direct alignment with major transport infrastructure. Being selected to deliver a project directly above a Metro station is a rare opportunity and a responsibility we take seriously. It allows us to create a living experience intrinsically connected to how people move, work and live, while also delivering enduring value for residents and the broader community.”</p>

<p>[smartcode_project_cta:default project_id=142550]</p>


Elevate at Hume Place, above Crows Nest Metro, reaches detailed design milestone

<p>Buyers looking to enter Sydney’s north-west growth corridor can now secure an apartment at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with a five per cent deposit for a limited time, as Stage 2 of the Tallawong development comes to market.</p>

<p>Delivered by <a href="https://www.apartments.com.au/developers/positive-investment-enterprise">Positive Investment Enterprise</a>, the project is located at 23–27 Schofields Road in Tallawong, offering a new collection of one, two and three-bedroom apartments within an established masterplanned community, where completed residences and landscaped spaces already shape a connected and liveable environment.</p>

<p>The limited-time deposit offer reduces the upfront cost for buyers seeking new apartments in Sydney’s expanding north-west, where infrastructure investment and population growth continue to reshape suburbs like <a href="https://www.apartments.com.au/developments/tallawong-nsw-2762">Tallawong</a> into emerging residential hubs.</p>

<p>[smartcode_project:default project_id=149637 project_image_fid=351025]</p>

<p>Inside the apartments, layouts have been designed with an emphasis on practicality and long-term liveability. Natural light and cross-ventilation are integrated into the planning of each residence, creating interiors that feel fresh and energy-efficient throughout the year. Soft, neutral finishes and durable materials are paired with contemporary kitchens that include integrated appliances and generous storage.</p>

<p>Bedrooms are positioned as quiet retreats, with the wider apartment layouts prioritising efficient use of space, flexibility for different household types, and strong indoor-outdoor connections through balconies and terraces. Wide frontage designs help maximise natural light and outlooks, with many north-facing homes capturing district views toward the Blue Mountains.</p>

<p>[smartcode_project:default project_id=149637 project_image_fid=351030]</p>

<p>Sustainability features are included throughout the development. Rooftop solar panels help offset common area energy consumption, while smart home technology and cross-flow ventilation contribute to lower operating costs and improved day-to-day comfort for residents.</p>

<p>The development also incorporates shared lifestyle spaces intended to extend living beyond the apartments themselves. Landscaped communal gardens, shaded seating areas, BBQ facilities, and outdoor gathering spaces provide places for residents to relax or connect with neighbours.</p>

<p>Tallawong Metro Station, Schofields Train Station and Rouse Hill Metro Station, place residents within reach of major employment centres including Norwest Business Park, Macquarie Park and the Sydney CBD via the Metro North West Line.</p>

<p>Nearby retail and lifestyle options include Rouse Hill Town Centre, Schofields Village and The Ponds Shopping Centre, while local parks, cycling trails and open space, including Rouse Hill Regional Park, support outdoor recreation across the growing precinct.</p>

<p>[smartcode_project:default project_id=149637 project_image_fid=351026]</p>

<p>Within the Kew community itself, plans for a future retail precinct aim to bring everyday convenience closer to home, complementing the landscaped open spaces and shared amenities planned across the site.</p>

<p>With Stage 2 now selling and apartments starting from $570,000, the current five per cent deposit offer provides buyers with a more accessible pathway into a new apartment in one of Sydney’s fastest-evolving residential corridors.</p>

<p>[smartcode_project_cta:default project_id=149637]</p>


Kew Tallawong opens Stage 2 with five per cent deposit offer

<p><a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG) is heading back to Stones Corner with its latest Brisbane apartment development.</p>

<p data-end="399" data-start="228">GVG, which completed Stonebrook last year, has filed plans for <a href="https://www.apartments.com.au/new-apartments/vivo-71-cleveland-street-greenslopes-qld-4120">VIVO, a 320-apartment development</a> less than 200 metres away on the corner of Cleveland and Zillah Streets.</p>

<p data-end="624" data-start="401">VIVO will be delivered across two stages, with the first comprising 167 apartments and a further 153 in stage two. The first stage is expected to be completed in 2029, with the full project scheduled for delivery by 2032.</p>

<p data-end="852" data-start="626">The development will include a mix of one-, two-, three- and four-bedroom apartments, above two ground-floor retail tenancies. VIVO will sit between the 5.2-hectare Hanlon Park and the Stones Corner café and retail precinct.</p>

<p data-end="1083" data-start="854">Crowning the buildings will be an expansive rooftop terrace with outdoor dining and CBD views, dual resort-style swimming pools, integrated indoor and outdoor entertaining spaces, and a fully equipped gym and wellness offering.</p>

<p data-end="1083" data-start="854"><img alt="Vivo" data-entity-type="file" data-entity-uuid="dcfd0ba2-cf9e-4bad-89f7-deab0169d897" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-23%20at%209.23.44%E2%80%AFAM.png?VersionId=3J4AqHZpDPnJsKvry1Lw6.8_IqdUVcny" /></p>

<p data-end="1243" data-start="1085">Sam Gardner, Commercial Director at GVG, said the project reflects both market demand and the group’s continued investment in well-located Brisbane suburbs.</p>

<p data-end="1396" data-start="1245">“VIVO represents a natural progression of our work in Stones Corner and our confidence in the long-term fundamentals of this precinct," Gardner says.</p>

<p data-end="1584" data-start="1398">"The combination of proximity to the CBD, access to green space like Hanlon Park, and a well-established local amenity offering makes this an incredibly compelling location for buyers.</p>

<p data-end="1851" data-start="1586">"Having recently delivered Stonebrook nearby in 2025, we’re able to provide a tangible example of what Gardner Vaughan Group does well. It gives our clients, the community and our partners confidence in both the quality of our product and our ability to deliver.”</p>

<p data-end="1851" data-start="1586"><img alt="Vivo" data-entity-type="file" data-entity-uuid="8408faca-34a0-4fbb-864c-c75caa366f0c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-23%20at%209.23.35%E2%80%AFAM.png?VersionId=48S5bvrbHMPPGT0EWAQDqhXX_mdsqL0y" /></p>

<p data-end="2093" data-start="1853">Architecture firm Ellivo Architects says Vivo, meaning 'to live', "draws from the life of Stones Corner itself, its rich blend of old and new, where heritage masonry buildings, community life and evolving architectural languages coexist."</p>

<p data-end="2531" data-start="2095">"The design responds to this layered urban fabric by reinterpreting the site’s historic ziggurat and stepped-grid geometries. The tower is shaped through three distinct tiers that reinterpret the site’s historic stepping forms, a central tier expressed in soft green tones that dissolve into the gum-tree canopy behind, stepped by denser, articulated edge tiers which reinforce the village character and urban grain of Stones Corner."</p>

<p data-end="2909" data-start="2533">The submission of VIVO comes at a time of continued strength in the Brisbane property market, with growing demand for well-located, design-led apartment living. Looking ahead, Brisbane’s preparations for the 2032 Olympic and Paralympic Games are expected to further accelerate infrastructure investment and reinforce the appeal of inner-city precincts such as Stones Corner.</p>


Gardner Vaughan Group plans VIVO, Stones Corner apartment development

<p>Prominent developer&nbsp;<a href="https://www.apartments.com.au/developers/blue-earth-group">Blue Earth Group</a> is seeking approval for a revised and expanded second stage of its Pentridge Village development in Coburg, increasing the scale and yield of a previously approved scheme with a new 16-storey mixed-use building.</p>

<p>The proposal for <a href="https://www.apartments.com.au/new-apartments/45-pentridge-boulevard-coburg-vic-3058">45 Pentridge Boulevard</a> would deliver 252 apartments, up from the 201 previously approved, alongside ground-floor retail and a suite of resident-focused amenities, positioning the project as a key contributor to housing supply within Melbourne’s inner north.</p>

<p>The development is planned for the south-west portion of the broader 9,485 sqm site, which has already seen the completion of 48 townhouses under Stage 1. The Stage 2 site sits prominently on the corner of Pentridge Boulevard and Urquhart Street within the Pentridge Village precinct.</p>

<p>The new scheme retains the approved 16-storey height but introduces a revised internal layout and enhanced façade treatment. It will comprise a mix of one- and two-bedroom apartments, a wide ranging mix of one-bed plus studies and two-bedrooms with either one or two bathrooms.</p>

<p>At ground level, the building is designed to incorporate a café alongside resident amenities including a business centre, home offices, and a gym. Upper levels will include additional communal facilities such as cinema rooms, games areas, and a rooftop terrace spanning over 400 sqm with views toward the Melbourne CBD.</p>

<p><img alt="First Look: Blue Earth Group plans 16-storey mixed-use tower with 252 apartments at Pentridge Village, Coburg" data-entity-type="file" data-entity-uuid="60456ba5-406b-447f-be53-d4685082eda5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/coburg.png?VersionId=B.3bp4eCO_c.Pc9O17UgF27Gow3lL39C" /></p>

<p>The architectural response by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">LIFE Architecture and Urban Design</a> builds on an existing permit scheme, retaining the approved massing while refining the building’s articulation and material expression. “The proposed design response… will result in a highly resolved architectural, urban design, landscaped and mixed-use outcome befitting of the Site’s urban and evolving context,” the planning report states.</p>

<p>The façade strategy introduces a layered composition of podium and tower elements, with a clear distinction between lower street-wall levels and the upper residential form. The design prioritises “a timeless aesthetic, low maintenance, durable material palette, suburban constructability, [and] openness &amp; activation at street level,” according to the façade strategy report.</p>

<p>Material selections include dusty red and dark grey masonry, bronze and grey glazing, and textured concrete panels, referencing the industrial character of the former Pentridge Prison precinct while establishing a contemporary identity.</p>

<p><img alt="First Look: Blue Earth Group plans 16-storey mixed-use tower with 252 apartments at Pentridge Village, Coburg" data-entity-type="file" data-entity-uuid="b62f01f2-46f2-4ae1-ac51-8b0f87264355" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/coburg%20site.png?VersionId=zliGtROqtre4LgVCGA9tr2_FGfbIO8ep" /></p>

<p>The building envelope responds to its irregular site through a series of setbacks and cantilevered elements, creating plaza-like spaces at ground level and enhancing pedestrian activation along both street frontages. A setback from Level 4 to the north provides a transition to the adjoining townhouse development.</p>

<p>The site sits within the Coburg Major Activity Centre, approximately nine kilometres from the Melbourne CBD, and is surrounded by a rapidly intensifying urban environment. Nearby developments range from eight to 20 storeys, including multiple mixed-use projects within the Pentridge precinct and along Sydney Road.</p>

<p>Residents will benefit from strong connectivity, with Coburg Station around 700 metres away and multiple bus routes operating along Bell Street. The site is also adjacent to McDonald Reserve and close to schools including Coburg High School and Coburg Primary School.</p>


First Look: Blue Earth Group plans 16-storey mixed-use tower at Coburg's Pentridge Village

Residential Assets

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<div>EXPERT OBSERVER</div>
<div> </div>
<div>The national residential vacancy rate was stable at 2 per cent in March.</div>
<div> </div>
<div>This represents a slight decline from a year earlier, when the vacancy rate was 2.1 per cent.</div>
<div> </div>
<div>Only Melbourne and Hobart had higher vacancy rates than a year earlier. </div>
<div> </div>
<div>Given that properties need to be advertised for 3 weeks before being classified as vacant, there's more likely to be a jump in April as Airbnb operators and other short-term accommodation providers are forced to try more conventional routes for leasing their properties.</div>
<div> </div>
<div>The 6-month moving average by capital city is plotted below, not seasonally adjusted:</div>
<div> </div>
<div class="separator"><img src="https://1.bp.blogspot.com/-zJdu7a0K0QU/XpT_eswSm-I/AAAAAAAA1Og/-dMPxJ-RFect1lCV6nMdBke9TtLGEwfkwCNcBGAsYHQ/s640/SQM1.jpg" width="640" height="364" data-original-height="806" data-original-width="1414"></div>
<div> </div>
<div>With more short-term units hitting the market the median asking rental price was down in March.</div>
<div>
<br><strong>PETE WARGENT</strong><em> is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and <a href="https://petewargent.blogspot.com/" target="_blank">blogger</a>.</em>
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j.ballantyne1990-6AQqhLzZaK

Residential vacancy rates down to 2 percent: Pete Wargent

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<p>From 1 January 2017 the assets test free area and the assets taper rate will increase.</p>
<div class="alert icon-left-warning">This measure will start on 1 January 2017.</div>
<h2>Description of the measure</h2>
<p>The assets test free area is the amount of assets above which allowances are not paid and pensions are reduced.</p>
<p>The assets test free areas will increase to:</p>
<ul>
<li>$250,000 for a single homeowner</li>
<li>$375,000 for a homeowner couple</li>
<li>$450,000 for a single non-homeowner</li>
<li>$575,000 for a non-homeowner couple</li>
</ul>
<p>Pensioners will be subject to a new taper rate of $3 for every $1,000 above the new assets test free areas.</p>
<p>Income support recipients who lose their payment entitlement on 1 January 2017 as a result of the changes will be automatically issued with a Commonwealth Seniors Health Card, or a Health Care Card for those under age pension age. They will be exempt from the usual income test requirements for these cards indefinitely.</p>
<h2>Questions and answers</h2>
<h3>Who is affected by this measure</h3>
<p>All pensioners who are assets tested will be affected by the changes from 1 January 2017.</p>
<p>From 1 January 2017, customers receiving or applying for an allowance will have a higher assets threshold.</p>
<p>This measure will also affect the means test assessment for aged care fee purposes.</p>
<h3>Who is eligible for this measure</h3>
<p>All pensioners who are assets tested will be affected by the changes.</p>
<p>From 1 January 2017, customers receiving or applying for an allowance will have a higher assets threshold, meaning more people will qualify for an allowance.</p>
<h3>The date this measure will start and finish</h3>
<p>This measure will start on 1 January 2017 and is ongoing.</p>
<p>For more information <a href="https://www.humanservices.gov.au" target="_blank">click here</a>.</p>
<p> </p>
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