Apartment developer <a href="https://www.apartments.com.au/developers/martello">Martello™</a> is one of the latest entrants to the Gold Coast development market, with its debut project set to be one of the most boutique offerings on Chevron Island in recent years.

Martello has unveiled <a href="https://www.apartments.com.au/new-apartments/aere-chevron-island-18-20-mawarra-street-chevron-island-qld-4217">Aere Chevron Island</a>, a collection of 33 large-scale two-, three-, and four-bedroom apartments across an 18-storey building on Mawarra Street.

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The developer has placed a strong emphasis on wellness, briefing architecture firm Raunik Design to embed this philosophy into the project. It is a direction <a href="https://www.apartments.com.au/developers/martello">Martello™</a> plans to carry through its future developments along the coast.

<a href="https://www.apartments.com.au/developers/martello">Martello™</a> has positioned Aere as a continuation of its human-centric development approach, with a focus extending beyond amenity to the fundamentals of layout, natural light, and spatial planning. Promax Construction has already been appointed to deliver the project, with construction expected to commence in the coming months as part of the group’s broader expansion into South East Queensland.

Rising above the low-rise fabric of Chevron Island, Aere’s design emphasises generous internal proportions and uninterrupted outlooks, with residences oriented to capture coastal, skyline, and waterway views. Interiors prioritise open-plan living, with large-format glazing and carefully considered transitions between indoor and outdoor spaces.

[smartcode_project:default project_id=143932 project_image_fid=365237]

The upper levels are dedicated to larger-format homes, including four-bedroom residences designed as half-floor offerings. These layouts prioritise separation between living and sleeping zones, along with increased privacy and storage, features more commonly associated with detached housing than traditional apartment product.

Aere’s private resident amenity spaces centre on wellness. A rooftop level will incorporate a heated swimming pool, sauna and spa, while the rest of the wellness spaces throughout the building include a&nbsp;residents’ lounge, dining areas and a gym.

The inclusion of both social and quieter retreat spaces reflects a broader shift in higher-end apartment design on the Gold Coast, where developers are increasingly responding to owner-occupier demand for buildings that support long-term living rather than short-stay use.

[smartcode_project:default project_id=143932 project_image_fid=367515]

Aere is positioned within walking distance of Chevron Island’s village centre along Thomas Drive, as well as the HOTA cultural precinct via the Green Bridge, connecting residents to parklands, galleries, and event spaces.

For <a href="https://www.apartments.com.au/developers/martello">Martello™</a>, Aere represents the first in a series of planned Gold Coast developments, with the group also exploring opportunities in other coastal precincts, including Kirra and Palm Beach.

The move north comes as sustained population growth and infrastructure investment continue to reshape South East Queensland, with developers increasingly targeting boutique, design-led projects in established lifestyle pockets. Aera’s relatively small scale and emphasis on spatial quality position it within this emerging segment of the market.

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Joel Robinson

Martello™ enters Gold Coast market with wellness-led Chevron Island development Aere

Development approval has been granted for Crescent, a boutique waterfront project on one of Palm Beach's most coveted and rarely developed streets.

Launched to market this month, <a href="https://www.apartments.com.au/new-apartments/crescent-palm-beach-34-36-murlong-crescent-palm-beach-qld-4221">Crescent</a> will occupy four combined lots with frontage to both Murlong Crescent and Tallebudgera Drive. The project is among the first new developments to get a green light on the creekside strip, home to only 21 tightly-held properties.

“Murlong Crescent is one of those streets that people discover and never want to leave,” said Andrew Erwin of NPA Projects, who is leading sales and marketing.

“The lifestyle here is genuinely hard to find anywhere else on the Gold Coast.”

Designed by Queensland firm ᴮʸculprit and developed by DCS Property Group, Crescent offers two and three-bedroom residences across four levels, ranging from 119 to 283 sqm and priced from $2.5 million. Builder SNBX Constructions has been appointed, with completion expected in mid to late 2028.

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Residences face north to Tallebudgera Creek, with views that extend to Burleigh Headland. Upper levels also capture canal and hinterland views to the west.

“The creek is tidal, so it changes constantly. The colour, the light, the mood of it,” Erwin said.

“That view over the creek to Burleigh Headland is only possibly from this location.”

[smartcode_project:default project_id=151399 project_image_fid=366213]

Crescent devotes two levels, spanning more than 1,100 sqm, to resident amenity.&nbsp; On Level 1, a gym, steam room, infrared and traditional saunas, hot spa, cold plunge, and ice bath make up the private wellness retreat. Entertaining and recreation converge on the rooftop with a resort- style pool and sundeck, alfresco BBQ and dining areas, pizza oven, yoga lawn, fire pit, as well as a herb and zen garden. Residents can also jog or walk along a dedicated loop with views over Tallebudgera Creek.

“The amenity here is genuinely out of proportion to the size of the building,” Erwin said.

“Every resident, regardless of which apartment they choose, gets access to the kind of amenity normally associated with luxury resorts.”

[smartcode_project:default project_id=151399 project_image_fid=366257]

Residences feature natural stone and timber finishes throughout, brushed brass tapware, and New Zealand wool carpet to bedrooms. Two basement levels provide secure parking, with provision for electric vehicle charging.

Beyond calm water swimming, paddling and boating, residents follow the foreshore path to Tallebudgera Beach, local cafes, and Tallebudgera Surf Club, while across the bridge is Burleigh Heads National Park, Burleigh Beach and the vibrant James Street dining and retail hub.

Palm Beach has been among the Gold Coast’s strongest performing suburbs over the past five years, with median house prices having risen by more than 91 per cent and unit values more than doubling in the same period.

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Crescent Palm Beach approved as sales launch

The Albanese and ACT Governments have struck a deal to unlock nearly 5,000 new homes across Canberra, with more than 1,700 earmarked exclusively for first home buyers.

The agreement marks the second formal partnership under the Federal Government’s election commitment to deliver up to 100,000 homes for first home buyers nationally, working alongside state and territory governments and industry.

At the centre of the deal is a $250 million funding injection from the Albanese Government, targeting enabling infrastructure to bring forward new housing supply across a number of key precincts in the ACT.

That includes funding to unlock 75 homes in the Kingston precinct, support new development in Weston Creek, and deliver estate works across the territory that will facilitate more than 500 homes by 2034. Additional investment will go towards relocating powerlines, water infrastructure in Molonglo Valley, and further expansion of the Ginninderry regeneration precinct.

Housing Minister Clare O’Neil said the agreement was about making it easier for first home buyers to enter the market, particularly in a housing environment that continues to challenge affordability.

“We’re determined to make it easier for young people and first home buyers to achieve the dream of owning a home,” O’Neil said.

“We know the housing market is tough, and we want Australians to know that Labor has got your back.”

The announcement builds on more than $800 million already committed to housing in the ACT since 2022, according to Finance Minister and ACT Senator Katy Gallagher, who said the latest funding would help ensure national housing programs are translating into real supply on the ground.

“We’re working closely with the ACT Government to unlock land and invest in the infrastructure needed to get these homes built sooner,” she said.

For the ACT Government, the agreement aligns with its broader target of delivering 30,000 new homes by 2030, with Chief Minister Andrew Barr pointing to the role of coordinated planning and infrastructure investment in accelerating delivery.

“Now, thanks to our agreement with the Albanese Government, this work is about to reach a new level,” Barr said.

The deal sits within the Federal Government’s broader $45 billion housing agenda, which includes initiatives such as the Housing Australia Future Fund, the Help to Buy shared equity scheme, and incentives aimed at increasing construction capacity and reducing barriers to development.

Canberra set for 4,900 new homes under Federal housing deal

<a href="https://www.apartments.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> continues to be a hive of activity for developers following the opening of the Crows Nest Metro station nearly two years ago.

The latest Transport Oriented Development plans are located directly across the road from the station, which sees around 6,000 commuters pass through during the morning peak.

A new State Significant Development Application, filed by an entity linked to Colin Rahim and Pierre Sukkar, directors at builder Growthbuilt and emerging developer Prosper, proposes a 40-storey mixed-use tower with 254 apartments on a 2,127 sqm site at <a href="https://www.apartments.com.au/new-apartments/402-420-pacific-highway-crows-nest-nsw-2065">402–420 Pacific Highway</a>.

<img alt="Crows Nest" data-entity-type="file" data-entity-uuid="dcc2264f-d701-4493-88e8-d2286770ed20" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-21%20at%209.19.11%E2%80%AFAM.png?VersionId=ZayWJRJQvrngii1roqjR85EvTTmGXq6E" />

The development will comprise 40 one-bedroom apartments, 105 two-bedroom apartments, half of which will include an additional study, 101 three-bedroom apartments, and eight four-bedroom penthouses. These will sit above a four-storey podium, with four levels of basement parking providing 148 spaces.

fjcstudio has designed the building, which it says “embodies the principles of Transit Oriented Development (TOD) by promoting higher-density, mixed-use urban living in close proximity to the Crows Nest Metro Station, consistent with the Crows Nest Precinct Design Guide.”

The practice adds that the development supports economic activity, reduces reliance on private vehicles, and enhances the public realm through active ground-floor uses, public domain upgrades, improved permeability, and fine-grain street activation.

“The proposal aligns with the Precinct Vision by contributing to a vibrant mixed commercial and residential centre that integrates housing, jobs, and services while strengthening the local village character of Crows Nest.”

<img alt="Crows Nest" data-entity-type="file" data-entity-uuid="d87ca5b0-d7d7-4721-b332-8c046afb4577" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-21%20at%209.08.01%E2%80%AFAM.png?VersionId=ZCkGc4neaSZc6EHnsP2d2V0ZhRS2_BCz" />

Crows Nest has become one of the most sought-after suburbs for both apartment developers and buyers since the Metro opened in 2024. Developer Third.i quickly sold out half of the apartments at Elevate Hume Place, located directly above the station.

Deicorp recently launched its debut Lower North Shore project, Falcon &amp; Alexander, while Abadeen and Lindsay Bennelong have completed boutique developments in the suburb.

Prosper is also active in Crows Nest, having recently launched Kora, a boutique development of just 10 apartments on Willoughby Road. Its development pipeline has expanded significantly in recent years, following the completion of its luxury Bellevue Hill project, Splendour, in 2024. The group also has plans for a boutique development on Cowan Road in St Ives, as well as a 55-apartment project in Drummoyne.

&nbsp;

First look: Crows Nest Metro apartments pitched by Prosper

Private equity real estate firm Conquest is upsizing plans for its recently acquired Quadrangle Shopping Centre in Sydney’s Castlecrag.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at <a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

<img alt="Conquest" data-entity-type="file" data-entity-uuid="581d49cf-7f03-4d17-a864-88700bf1fef1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-21%20at%208.24.49%E2%80%AFAM.png?VersionId=K1U7nXEFcwuYHEKJwEKlnmtggRb2XjDQ" />

fjcstudio has designed the shop-top housing development, which it says will “deliver a more efficient and future-focused design outcome.”

“The site occupies a strategically significant position within the Castlecrag Local Centre, situated along Edinburgh Road and surrounded by established low-density residential areas and natural bushland,” the studio said.

“The proposal responds to this context through a carefully considered design that integrates built form, landscape, and public domain improvements, while respecting the suburb’s strong landscape and heritage identity.”

<img alt="Conquest" data-entity-type="file" data-entity-uuid="1c170ad2-0a65-43a3-a5de-8bea82b69b11" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-21%20at%208.25.38%E2%80%AFAM.png?VersionId=gqsRHFKAlG7kH4t4Q9rkFWTMpmEbKmI8" />

The architects say the increased height and density are consistent with the NSW Housing SEPP objectives, supporting greater housing diversity and affordability while achieving high standards of architectural and environmental performance.

The proposal also references the draft Willoughby Local Centres Strategy 2036, which aims to promote a network of thriving, attractive and distinctive village centres across the local government area.

“The current trend shows that Castlecrag’s population is set to increase significantly over the coming years. The site falls within the study area for Castlecrag and is in an ideal location for higher density to meet anticipated urban strategy targets at both a state and local level. Aligning with metropolitan strategies, the proposed development will contribute to a more walkable local centre and help meet demand for an additional 1,500 dwellings across Willoughby’s local centres by 2036.”

Of the roughly 1,000 homes in Castlecrag, only around 11 are apartments, according to the latest ABS Census data.

Conquest has been increasingly active in the development space in recent years. The group acquired the Eastlakes Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a <a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

First look: Conquest targets higher density at Castlecrag shopping centre site

Russell Crowe

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Fairfax Media property columnists have amended articles that reported the Academy award-winning actor Russell Crowe had sold two of his four apartments in Woolloomooloo Wharf last Saturday.
The Australian Financial Review's Su-Lin Tan had the Sunday "exclusive" which was followed up Monday by Lucy Macken at Domain, Channel 7 and The West Australian.
<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/2018/4/24/crowe1.jpg" alt="">
The Sydney Daily Telegraph checked the initial report and did not publish on receiving a denial.
Macken's Monday afternoon rewrite wrote "in a bizarre twist, Russell Crowe’s media agent Grant Vandenberg denied any sale had occurred."
“It hasn’t sold and it wasn’t for sale,” Vandenberg told Domain which then duly noted as a footer that it had amended its initial $13 million sale report.
Their URL however remained: "Russell Crowe sells half home on Sydney's finger wharf."
Last month a prestige Bellevue Hill article was also amended subsequent to publication.
The AFR kept its headline and URL, and without any acknowledgement, amended its article to instead suggest Crowe "is in discussions to sell two of his Finger Wharf apartments in Woolloomooloo to new Sydney entrant Sam Barnett, former Western Australia premier Colin Barnett's youngest son, for just under $13 million."
The article confusingly further advised "an offer and acceptance for the sale of the two smaller Finger Wharf properties of about 900 square metres had occurred, but settlement of the property has not." 
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The AFR labelled the little known Barnett a "premium property investor", crediting him for having "negotiated the purchase of the two apartments privately."
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The original article was gushingly retweeted by fewer AFR colleagues than normal practice.
The near 1000-square-metre amalgamation of four lots was bought by Crowe in 2003 for a then-apartment record of $14.35 million. It was listed in 2016 with $30 million hopes, but pulled from the market last year despite offer around $25 million given Crowe's other property listings yielded high prices.
 
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Russell Crowe denies Fairfax Media reports of Woolloomooloo Wharf apartment sale 

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Actor Russell Crowe continues his property sell off as he quietly sells his East Sydney commercial building for around $17 million.
There were weekend whispers about the proposed sale of the Riley Street block, with a report the exchange took place yesterday.
It has the 98 Riley Street Gym and offices.
The warehouse space on 677 sqm cost Crowe $5.05 million in 2003 when he bought it from the late Ron Baddock and Richard Dabbs, who ran the premises as a printing business.
Designer Blainey North, who later redesigned the building, currently leases a part of the building for her interior design business.
The sale follows Crowe's Kingsford investment property that he sold for $3.2 million to PWC Australia partner Jason Habak and wife Linda.
It had previously been leased rent free to his former band mates before the sale.
The property sell off comes amid property settlement with his ex-wife Danielle Spencer.
In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search, which remains in both of their names.
It has been Spencer's home since their separation.
Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour.  
The sale might mean Crowe won't have sell his Finger Wharf apartment on Woolloomooloo Wharf. He has put the price up from $25 million to $30 million.
Luxury car importer Neville Crichton offered $25 million for the apartment.
It cost Crowe $14.35 million in 2003.
Image courtesy of Google Street View.
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j.ballantyne1990-6AQqhLzZaK

Russell Crowe quietly sells East Sydney commercial block

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Actor Russell Crowe has been busy over summer tidying up his property empire, as he works towards a belated matrimonial property settlement.
He has quietly sold his Kingsford apartment block, an investment he picked up 15 years ago.
It was the three storey, four unit Wallace Street block that he was allowing his former 30 Odd Foot of Grunts band mates to live in rent free.
Crowe secured $3.2 million in an off-market deal for the Wallace Street building that cost him $1,454,000 in 2001, four years before the band unofficially dissolved.
It has been bought by a company associated with Hunters Hill based, PWC Australia partner Jason Habak and wife Linda.
In November the Sydney Confidential gleaned that Crowe was finally proposing to turf out his former band mates who had been living in the 1912 apartment block prey much rent free for the last 15 years.
The Gladiator star is understood to have told the musicians four years ago that it would be used 'as part of a divorce settlement', with his now ex-wife Danielle Spencer.
One of the two bedroom apartments in the block has just been listed for rent at $725 a week, marketed as 'freshly renovated'.
Crowe and friend Billy Dean Cochran formed Roman Antix in the 1980s, which later became the more well known Australian rock band 30 Odd Foot of Grunts (also known as TOFOG).
In 1992 the band was formed and Crowe was the frontman, performing lead vocals and guitar. They played shows in London, LA and Texas in 2000.
There are whispers that the next property to go is Crowe's Riley Street commercial building in Darlinghurst.
Currently operating as 98 Riley Street Gym, the 667 sqm parcel cost Crowe $3,875,000 in 2004. The interior designer Blainey North has undertaken its fitout.
The Oscar award-winning actor has also listed his Woolloomooloo Wharf penthouse listing on which he had elevated price expectations - possibly even $30 million.
The luxury car dealer Neville Crichton, who sold his Point Piper home for $62 million in last year's biggest sale in Australia, was keen to buy the trophy apartment.
But Crichton, who wanted to downsize to spend more time in his homeland New Zealand, had hoped to pick it up for $25 million.
He has instead turned his buying intention to the $33 million Zamel home on the Point Piper harbourfront which Bill Malouf at LJ Hooker Double Bay had on his books. It had been for sale since 2014.
Western Australian mining magnate Andrew 'Twiggy' Forest also had a look around the Finger Wharf apartment which set a record in 2003 when Crowe and Danielle paid $14.35 million.
No other apartment comes close in size with some 1000 sqm at the tip of the Finger Wharf.
The offering includes a 35 metre marina berth and seven car spaces.
Crowe was only the second owner of the property, having bought the home from Nutrimetics founder Imelda Roche and her husband, property developer Bill Roche, who paid $9.8 million off the plan in 1998.
The recent relationship Danielle has with her beau Ad Long has triggered the decision to sell much of their property portfolio.
In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search, which remains in both of their names.
It has been Spencer's home since their separation.
Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour.  
This article first appeared in the Daily Telegraph.
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Actor Russell Crowe sells Kingsford apartment block

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Actor Russell Crowe has quietly listed his Woolloomooloo Finger Wharf apartment as his matrimonial settlement with Danielle Spencer moves to its conclusion.
The vast harbourfront apartment has been an off market listing over the past month.
Already the buyer feedback is that it will be hard pressed to fetch the $25 million Australian apartment record, but Crowe is said to be realistic and wants it sold.
The Oscar-winning actor and Danielle were married in 2003 and separated in 2012. 
The home of Crowe and Danielle Spencer set a record apartment price in 2003 when it cost $14.35 million.
No other apartment comes close in size with some 1000-square-metre at the tip of the <a href="https://en.wikipedia.org/wiki/Finger_Wharf#/media/File:Woolloomooloo_Bay_Sydney.jpg" target="_blank">Finger Wharf</a>.
The offering includes a 35-metre marina berth and seven car spaces. 
Estate agent John McGrath, a former Sydney Boys High classmate of Crowe, has had select agents from his agency take buyers through over the past few weeks.
Buyers agents have been approached to present qualified buyers.
Crowe is only the second owner of the modern apartment on the tip of the heritage shipping wharf.
He bought it from the Nutrimetics founder Imelda Roche and her husband, the property developer husband Bill Roche.
The Roche's had bought it off the plan in 1998 for $9.8 million from the Walker Corporation.
Crowe previously owned the historic Elizabeth Bay residence Berthong, which he sold in 2003 for $11.5 million and which has been recently listed with $37 million to $40 million hopes. 
In 2011 Crowe and Spencer spent $10 million on the Rose Bay trophy home, Te Puke after a four-year search.
Along the way they inspected the $50 million-plus Altona on the harbour in Point Piper in 2007, as well as unsuccessfully seeking pricey inland residence Le Manoir at Bellevue Hill, which fetched $23 million in 2009.
Spencer was always keen to spend more on the family home, while Crowe, prefered to keep his substantial Woolloomooloo apartment as a bolthole and limit the purchase.
Te Puke, a 1909 house updated with a 1927 Arts and Crafts-style additions, has been Spencer's home since their separation four years ago.
Crowe retains his 320-hectare property in Nana Glen, near Coffs Harbour. 
The recent relationship Danielle has with her beau, Ad Long has triggered the decision to sell much of their property portfolio.
Crowe has also signalled he intends listing his Kingsford block of investment flats which have been the home of his former band members.
Crowe is expected to secure a Sydney base once the apartment is sold.
Before construction of the overseas passenger terminal at Circular Quay, the finger wharf was the main berth for overseas passenger liners.
It was rescued from demolition in 1991 after plans for a 440-berth marina were ditched.
Built between 1910 and 1914, the wharf, at 401 metres long, is the longest timber-piled wharf in the world.
This article first appeared in the Saturday Daily Telegraph
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jchancellor-FAypfDUnLy

Russell Crowe lists Woolloomooloo Finger Wharf apartment

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An Elizabeth Bay trophy home, Berthong, once owned by actor Russell Crowe, has been quietly listed for sale through Christies International.
It means the 1880s villa, and the neighbouring harbourfront, Boomerang, are now both for sale, but by different Melbourne vendors. 
They were once both owned by the Albert family.
Berthong, which sits in lush grounds having been once part of the orchard of the colonial secretary Alexander Macleay, carries a price tag of $37 million to $40 million.
For a time Berthong was a strata duplex which was reunited as a home by the late adman Michael Ball, who sold it in 1995 to News Corp executive, Lachlan Murdoch who sold it to Russell Crowe for $9.25 million in 2001. Crowe owned the home for two years.
This article was first published in the Saturday Daily Telegraph.
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Russell Crowe

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