Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Residential Development

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An application has been submitted for a 54 floor residential tower at Broadbeach, which would be the area's highest beachfront residential tower.
The glass-encased building, dubbed CLASS Broadbeach, will have 46 apartments, including six two bedroom apartments and 34 full-floor three bedroom apartments.
There will be five two-level sky homes and a three-level penthouse.
The tower will be divided into four residential precincts: podium, low rise, high rise and sky rise, reflecting the varying apartment sizes. 
There will also be two levels of recreation and common areas including pools, sauna, gym, bars, media room, office, relaxation zones and event spaces.
At street level, a grand concierge style foyer featuring a ‘green’ living wall, water features and a restaurant with bar will greet residents and guests.
The City of Gold Coast has just received the development application for the tower, which is planned for a 756 sqm corner site at the beach-end of Charles Avenue, right next to the area’s tallest existing building, the eastern Oracle tower.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/10/broadbeach.jpg" alt="">
CLASS is being put forward by Broadbeach Joint Venture, associated with Brisbane real estate director John Kubatov, who collectively will be spending more than $7 million securing the seven units in the two-level Kurrawa Lodge on the parcel.
While the site currently holds development approval for a 17-level residential-only building, the latest application seeks approval for short-term accommodation and multiple dwelling uses over all 46 apartments.
 Kubatov, who began purchasing and taking options on units in Kurrawa Lodge more than three years ago, said property research showed a gap in the market for ultra-high-end apartments at Broadbeach. 
He said the unique position, just steps from the beach and adjoining high-end shopping, dining and entertainment, demanded a stunning world-class building.
“Ivan Lisinac of RH Frankland and Associates is the lead designer of the project and he has unveiled a jaw dropping design for CLASS, which takes luxury apartment living to a whole new level.
“Class Broadbeach will provide an accommodation experience unrivalled anywhere else on the Gold Coast and fill the high-end gap missed in the product mix of other developments in this distinct desirable area.
 “It will deliver a compelling accommodation choice for celebrities and highly affluent visitors who wish to stay in the central Gold Coast as well as those who wish to buy an exclusive part of beachfront Broadbeach.”
“The exposure and economic benefits for Broadbeach and the Gold Coast both nationally and internationally have potential for an enormous ripple effect in many positive ways.
“It will be an exceptional outcome for Broadbeach.”
 
 
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jrobinson-rf4aSBido9

Broadbeach set for its highest beachfront building

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Defence Housing Australia (DHA) has announced approval for the first stage land release which will see the former Schofields Aerodrome site transformed into a residential community.
The master plan for Akuna Vista includes proposals for a new retail precinct, alongside a new school and sporting and recreational facilities.
Located in the high growth north west Sydney area, Akuna Vista development will be a 55 minute train commute to the Sydney CBD, as well as bus services heading to nearby Norwest Business Park and Parramatta.
The housing development takes its name from a colloquial Australian Aboriginal word Akuna, which means ‘the way forward’ or ‘flowing water’. 
This is a direct reference to the adjoining Eastern Creek riverside amenity. 
DHA Managing Director, Jan Mason, said the planned Akuna Vista development would deliver attractive lifestyle and investment opportunities for prospective buyers in the area.   "We are very proud to develop this vibrant Akuna Vista community in such a premium location and with such amazing connectivity for future residents," Mason said.   "The former Schofields Aerodrome site has been mostly dormant for almost two decades, so we are looking forward to bringing it back to life and creating a new residential hub that will benefit from direct access to new infrastructure and strong local economic growth.   "DHA has a proven track record of building award-winning communities that offer high-quality housing for families to call home. Akuna Vista is set to become a sustainable community where residents can grow and prosper for many years to come."   The project will include 1,100 residential lots with 220 reserved for Defence members and their families. This continues a long defence tradition in the area, with the former RAAF Base Schofields known as HMAS Nirimba, operating as a Royal Australian Navy Training Facility until it was eventually decommissioned in 1994.   As well as looking after the housing needs of Defence members and their families, DHA is a leading Australian residential property developer, with almost 50 projects underway across the country and a development pipeline of approximately $2.5 billion. The Akuna Vista community will be developed using a phased construction process that will stretch through to 2026, designed to minimise the intensity of construction in the area.
 
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Clear skies ahead for Akuna Vista development at Schofields Aerodrome

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Bensons Property Group chairman Elias Jreissati has launched a $230 million arts-inspired residential development on Chevron Island.
Chevron One, Chevron Island’s first high rise, will rise 40 levels above the village.
Offering 247 apartments wrapped in wave-inspired architecture, Chevron One is the first Queensland project for Bensons Property Group.
It has been acclaimed for its residential developments throughout Melbourne, having delivered over $2 billion in projects over nearly a quarter of a century.
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The benchmark apartment development is being marketed as appealing to a wide buyer demographic, from owner occupiers through to long-term investors.
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With development approvals in place, the Marchese Partners-designed Chevron One is poised to take shape at 36-44 Stanhill Drive, just 500m from the heart of Surfers Paradise, beach and light rail.
Buyers have the choice of one, two, three and four-bedroom apartments, with two-bedroom residences the dominant product. 
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Each apartment features indoor to outdoor living spaces complemented by contemporary finishes such as stone benchtops, timber floors, luxurious bathrooms and kitchens designed by award-winning celebrity chef Shannon Bennett.
Apartments will overlook the Surfers Paradise skyline, the ocean, Nerang River and the hinterland depending on their location within the tower.
Residents will have access to an array of superb resort-style leisure facilities at ‘Club One’ including indoor and outdoor pools, a BBQ area, al fresco dining, gymnasium, yoga and sculpture garden, residents lounge and bicycle racks.
Apartments range in size typically from 51sqm to 162sqm with their outdoor areas varying from 13sqm to 75sqm.
Chevron One’s apartments are priced from $428,000 for one-bedroom apartments through to $2.95 million for the four-bedroom residences.
Construction of the tower is scheduled to be complete by early 2020.
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The lead selling agent is Christopher Jones, of Savills Gold Coast.
Prospective buyers can inspect the onsite display suite at 44 Stanhill Drive, Chevron Island.
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Chevron Island's first high rise launched

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Ashley Williams, chief executive of the Melbourne-based Evolve Development, has admitted it took his company 14 months to reach an 80% presales on its Southbank offering.
Prices began at $420,000 after marketing kicked off through Colliers in June 2016.
Prices now start at $405,000.
Demolition <a href="https://www.realestate.com.au/project/botanic-southbank-600013410" target="_blank">on the site</a> only started late last year with construction set to commence soon on the 20-level Botanic Melbourne residential tower in Southbank.
"In a normal market that would have been eight or nine months ago," Williams told The Australian Financial Review.
"It's like a perfect storm of regulation and changes.
"What we've experienced over the last 12 months has been a whole series of government interventions that have basically scared away the investor buyer in the market, particularly in apartment developments and more medium-density-style developments."
It's a reference to the Andrews Government removing stamp duty savings for investors, and foreign taxes by both state and federal governments, along with the Turnbull Government's decision to restrict sales to a 50% FIRB cap.
It was 2013 when Williams and the late establishment powerbroker Ron Walker established what was once billed as "Melbourne’s fastest-growing property developer with the Midas touch".
Walker was a co-founder of legendary property developer Hudson Conway – builder and founding operator of Melbourne’s Crown casino – with Lloyd Williams (no relation to Ashley) and Roderick Carnegie in 1977.
Walker once admitted that getting back into property after selling out of Hudson Conway was not on his to-do list.
“I thought that was the end of my property development days after all those years," he said in 2012.
Williams, a former civil engineer, got his grounding in the apartments market as a development manager with Michael and Andrew Buxton’s MAB Corporation.
Williams and Walker, dubbed the property sector’s unlikely billion-dollar duo, came to be in partnership back in 2003 via Hugh Morgan, who is Williams’s father-in-law.
It was Evolve that helped Walker being a staple of the Rich List.
The first apartment projects, were boutique developments in North Melbourne, Prahran and Carlton between 2005 and 2008, sold off the plans within months of becoming available.
“We always sell off the plan; that’s the risk model of the projects we get into," Williams said in 2014.
“It’s a good discipline for us to make sure we get the right product and the right price points. We take a very robust approach to marketing projects so we can get to settlement as soon as possible." 
Designed by SJB Interiors, Botanic Melbourne is situated on Coventry Street some 150m from St Kilda Road and 300m from the Shrine of Remembrance.
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Perfect storm hit Evolve Development with Southbank apartment project

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Former Davis Cup player Mark Kratzmann and business partner Don Moffat have teamed up to create a riverfront property developer on Queensland's Sunshine Coast.
Unique in its direction, the residential development called The Ivy Picnic Point will also aid in the development of houses in India.
For every apartment sold in the 37 apartment building, a house will be built in India. There are also two penthouses. Kratzman says he and his family are set to move in to one of the apartments.
“This really has been a dream 40 years in the making, and I have so much faith in the end result that my family and I are counting down the days until we can move in with another 36 residents."
The Kratzmann Group has partnered with not-for-profit organisations Habitat for Humanity and B1G1 to build the houses.
More than 40 percent of The Ivy Picnic has sold, with 15 of the 37 two and three bedroom apartments recently snapped up.
Kratzman said a number of the buyers hail from Melbourne and Sydney, who have been drawn to the Sunshine Coast because of the warm climate and the developments waterfront location and lifestyle.
The project, The Ivy Picnic Point, is located on the Picnic Point Esplanade, looking out to Channel and Goat Island.
Speaking on the development in India, Kratzman noted that more than 73 million families in India do not have access to proper shelter.
“Habitat for Humanity supports people who have lost their homes in natural disasters or cannot afford to build their own houses,” he said. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/1/9/kratz2.jpg" alt="">
“Having recently travelled to India, I visited the Bawana slum in Delhi and was confronted with images of open sewers, children playing in widespread rubbish, and families with no access to clean drinking water.”
“It’s heartbreaking to see people – children included – living in such extreme poverty and poor sanitation and I’m determined to play a role in transforming the lives of those in need.” 
“It’s hard to fathom the troubling conditions these communities face on a daily basis and I certainly don’t take for granted how incredibly lucky we are to have such a high standard of living in Australia.”
“We’re excited to be helping transform many of the slum’s shanty homes into real houses with safe sanitation, and have received an overwhelmingly positive response from The Ivy Picnic Point buyers, who have embraced the initiative with open arms.”
The Ivy Picnic Point features a communal barbeque area, lap pool, steam room and gym, with all apartments incorporating Smeg and Miele appliances.
To find out more about the development, <a href="http://www.theivypicnicpoint.com.au." target="_blank">click here.</a>
Prices start from $499,000.
 
 
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Ivy Picnic Point development by Mark Kratzmann and Don Moffat to help develop homes in India

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A Parramatta site which was set to become The Peak, a 138 metre tall residential development, has been flipped by CWG, the Singapore-listed Chinese property developer.
The company bought the 2880 sqm, four lot site for $27 million in 2015 and listed it for sale mid-last year. It sold the Parkes Street residential site for $40 million, Fairfax Media reported.
They rezoned the land and lifted the potential floor space from 10:1 to 15:1.
Towering 100 metres above the surrounding landscape, The Peak was set for around 330 apartments.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/12/15/peak2.jpg" alt="">
Knight Frank agent Ben Wicks was marketing the development with CBRE's Danny Shi.
The group sold it to Sydney residential developer Aland late last week through local agency Khoury &amp; Partners' George Khoury.
Concord-based Aland, which focuses on residential developments in metropolitan growth corridors, will now proceed the scheme by SJB Architects.
CWG's remaining residential portfolio includes a 220-apartment project, The Uptown in Roseville, a joint venture with another Chinese developer Longton, a 90-apartment project at 17-25 Epping Road in Epping and the Stellar apartments at 771-775 Victoria Road, Ryde.
It also has a 11-hectare development site in Caddens, Penrith in Sydney's west.
 
 
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The Peak project site at Parramatta sold by CWG to Aland

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Lord Mayor of Sydney, Clover Moore, will officially launch the start of construction of City West Housing’s latest affordable housing development today.
The development is part of the Cowper Street Glebe redevelopment precinct. The apartment complex, located on the corner of Wentworth and Bay Street in Glebe, is the latest development in City West Housing’s offering of affordable housing in the Sydney LGA. The new development will offer 99 affordable housing units in a mix of one, two and three-bedroom configurations. The project is due for completion in mid-2019. The development will feature basement car park facilities and bike storage, ground floor commercial premises and two large communal areas including a lush communal roof terrace.
The roof terrace has been designed as an open environment for communal gathering, with the views from the terrace reinforcing the connection to Wentworth Park and the Sydney city skyline.
The NSW Government vested the land to City West Housing.
The City of Sydney Council has also demonstrated its commitment to the project through ongoing support of City West Housing’s development activity. Sydney Lord Mayor Clover Moore said the cost of housing is at crisis point across metropolitan Sydney and especially in inner Sydney.
"We are committed to tackling this crisis with every mechanism available to us, particularly in partnership with housing providers like City West Housing as well as state and federal governments. “This development in the Cowper Street precinct, Glebe, will provide long term affordable rental housing to city workers who would otherwise be unable to live close to their place of work.
"Identified in our long-term strategy Sustainable Sydney 2030, the Cowper Street development represents a good case study of a cooperative approach between the City, State Government and community housing providers like City West Housing, that will deliver direct social benefits, increase the supply of market housing and provide a diversity of housing options.
Leonie King, CEO of City West Housing, welcomed the commencement of this project.
“The team at City West Housing is extremely pleased to launch construction for our latest affordable housing development within the Sydney LGA.
Kane Construction is leading the development of the complex, with work beginning after the official sod turning.
 
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Lord Mayor Clover Moore launches construction of City West Housing’s latest affordable housing development

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JGL Properties has sold 95% of its new $40 million development the Grange Residences.
The two-bedroom and three-bedroom townhomes range in price from $625,000 to $1.6 million. 
Set in Brisbane's inner north, The Grange Residences have a low site coverage across the 1.15-hectare infill site.
North-east-facing over Kedron Brook, the project comprises 39 townhouses and two houses designed by architect Arkhefield.
It is under construction by Hutchinson Builders. 
The project is fully funded by Suncorp and Thakral Capital Australia.
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JGL's Brisbane townhouse project Grange Residences selling well

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Developer Deicorp’s Western Sydney residential project has received development approval for stage two.
Deicorp’s Highline Westmead is inspired by the New York urban masterpiece of the same name.
 The $700 million residential project will be located at the corner of Hawkesbury Road and Darcy Road in Westmead and will comprise 900 apartments over 10 buildings, with a mix of seven to 23 storeys. 
Turner Architects have designed the mix of studios, one, two and three-bedroom apartments and lofts featuring private residents’ gardens, a lap pool and connected lounging pool section. 
There will also be communal kitchen, residents gym, dining and BBQ areas plus a level nine rooftop gardens with BBQs and views over Parramatta Park, Parramatta CBD and Sydney CBD. 
Stage one is expected to be completed at the end of 2019.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/17/Highline_2.jpg" alt="">
With successive governments investing billions in Westmead over four decades to prioritise it as a place for public health, research and the new knowledge economy, the suburb now provides over 18,000 specialised jobs and is expected to experience further growth as its population grows in proportion. 
“Westmead already represents Australia’s largest concentration of health services co-located with world-leading education and medical research,” said David Borger, director of the Sydney Business Chamber, Western Sydney, on behalf of Westmead Alliance. 
“There is an opportunity for Westmead to play a larger role in transforming Australia’s economy.” 
In 2013, the Westmead Alliance identified more than $68 million worth of public transport, access, parking and urban amenity improvements were needed to unlock the investment and jobs potential of the precinct. 
Deicorp says its project aims to fill the gap in demand for residential infrastructure.
“You attract talent by having a very exciting eco system, by having a great place to live and work,” says Lucy Turnbull AO, chief commissioner, Greater Sydney Commission said in a Deloitte report commissioned by Westmead Alliance," Borger says.
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Deicorp's $700 million Highline Westmead residential project approved for next stage

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Following in the footsteps of creative cities like London, New York and Berlin, Sydney is fast developing a reputation for its increasingly rich street art scene.
Now, leading property developers are making their own contribution through the use of street artists and creatives on their developments.
One such example is Sydney-based Coronation Property, with the company engaging award-winning street art specialists Authority Creative and renowned artists Elliott “Numskull” Routledge and Shannon Crees to create an 80-metre long street art mural surrounding their latest development, Charlie Parker, located on the corner of Charles and Parkes streets in Harris Park.
The art deco-inspired building, designed by leading architects Francis-Jones Morehen Thorp (fjmt), will span 22 storeys and feature just 111 boutique apartments, as well as a terrace-level open-air pool and gym, and a ground floor residents’ library and lounge.
Envisioned as a destination for creative types, Charlie Parker will have art woven into its very fabric, with Routledge and Crees joining contemporary Sydney artists, Gillie and Marc, who created the Charlie Parker character – an iconic half man, half elephant sculpture – and interior stylist Shannon Vos, winner of 2014’s The Block: Glasshouse, in making a collaborative contribution to the development.
Routledge and Crees’ work represents the blending of the two artists’ very different styles to create a vibrant, large-scale painting that wraps the entire site.
Their graphic work, which came together over the course of a week in October and draws inspiration from the Charlie Parker character created by Gillie and Marc, will be one of the first ways in which the project will make an impact on the public – and so far, the response has been extremely positive, says Crees.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/15/Art2.jpg" alt="">
“The community has responded really well to the bold patterns and bright colours of blue, pink and yellow, with the artwork literally stopping traffic and heaps of locals engaging with us over the course of the week,” she explained.
Christopher Skyner, director at Authority Creative, says Coronation Property is leading the way in integrating public art with its developments.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/15/Art1.jpg" alt="">
“This is the third project that we’ve worked with Coronation Property on, following Liverpool’s The Paper Mill and Parramatta’s 8 Phillip Street, and I have to say, the Coronation team has helped to shine further light on our industry,” said Skyner.
According to Aras Labutis, director of Urban Transformations and Strategy at Coronation Property, street artists have a relevant voice in property development, both now and into the future.
“Inviting street artists to collaborate on our property developments has been hugely beneficial for all involved, and it has helped to reshape public opinion of this sometimes-undervalued art form,” said Labutis.
“There’s a big difference between street art and graffiti, which is the association most people make straight away, and this is confirmed by many major institutions now embracing street art and engaging companies such as Authority Creative to assist with activations.”
Prices for apartments at Charlie Parker start from $475,000 for a one bedroom suite, $567,000 for a one bedroom residence, $785,000 for a two bedroom and $898,000 for three bedroom apartments.
There are two four bedroom penthouses also available.
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