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

Joel Robinson

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

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

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

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

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

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

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

Sherpa sells out Flourish Oasis in booming Palm Beach

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

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

Southport

Azzura Investments are taking the master plan for its $3 billion Imperial Square mega development at Southport to the next stage, lodging a development application for a 40-level mixed-use tower that will include an exclusive vertical village for retirees.

Plans for the $500 million Monarch Place come on the heels of the first stage, the 18-level Regal Residences, which is currently under construction on the&nbsp;1.4 hectare Imperial Square site on the corner of Ferry Road and Meron Street.

Monarch Place will deliver a total of 223 premium apartments, with 140 of these residences designated for an exclusive vertical retirement village for occupants over 65.

The new tower, designed by Kris Kowalski Architects, features retail and commercial tenancies on the ground level and first floor and a range of strata-titled specialist medical suites on level two.

Azzura CEO Robert Badalotti said the success of Regal Residences allowed the group to bring the next stage of Imperial Square to the market, amid strong inquiries for apartments across the masterplanned site.&nbsp;

“We are thrilled to be introducing a new style of residences for the over-65 market at Monarch Place that will take downsizing to a completely new level in the heart of Southport," Badalotti said.

<img alt="Render of Monarch Place" data-entity-type="file" data-entity-uuid="c352243f-888a-4f2c-aeae-c1399c8b328c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Monarch%20Place%20-%20Cam_01_Opt.jpg?VersionId=CNVqXB.zJ7KmcD79LijRh09_.5MWHUcl" />Render of the proposed Monarch Place. Image supplied.&nbsp;

Apartments in Monarch Place will offer an extensive array of layouts, from two-bedroom apartments to two-bedrooms plus study, three- and four-bedroom luxury apartments.

While 140 apartments in these configurations will be dedicated to the vertical retirement village, Monarch Place will also offer 83 freehold apartments that will offer some of the most spacious living areas available in the Southport market.

The freehold residences will have separate lift access and resident amenities.

Monarch Place will release an exclusive selection of three-bedroom and four-bedroom apartments, plus eight four-bedroom skyhomes, each with a plunge pool and spa.

[smartcode_project:default project_id=29350 project_image_fid=154912]

Topping off the development will be two penthouses featuring their own rooftop infinity pools.

The vertical retirees’ village will deliver an array of amenities for residents on level five, including a ballroom, dining, gymnasium, sauna, heated indoor pool and spa, a hairdressing salon and beauty parlour, cinema, golf simulator, art and craft studio, library, and resident workshop.

Residents will also have access to a dedicated music room, games and entertainment rooms, consulting rooms, boardroom, plus a commercial-grade kitchen and dining area with a bar and coffee lounge.

There will also be a community garden on level six.

“We’ve combined the best of Regal Residences with the very latest designs in Monarch Place, and we have created a large array of activities and high quality amenities for occupants enjoy their retirement years,” Badalotti added.

“Our second tower will give residents the ideal blend of space and serenity, with our design team especially focused on those smaller details that will allow residents to live their way at Monarch Place.” 
 
All residents of Monarch Place will have access to the level six podium which will house a hotel-tavern and restaurants, and barbecue facilities alongside an outdoor ‘kabana lagoon’ pool.

[smartcode_project:default project_id=29350 project_image_fid=154910]

“Amid all this luxury we are creating a unique lifestyle that blends an array of lifestyle amenities, medical, shopping, restaurants and bars to create the carefree lifestyle that downsizers are looking for."

Located within Southport’s designated Priority Development Area, Imperial Square comprises four stages that in future will include the 68-level Imperial Tower and The Majesty, which will rise 108 levels and become Australia’s tallest residential tower.

Imperial Square will eventually deliver around 1,600 dwellings and up to 40,000 sqm of commercial and retail space designed to activate the site into a vibrant community offering a range of services and amenities at the doorstep for residents of the Imperial Square community.

Azzura Plans to officially launch Monarch Place to the market in late May this year with construction expected to start in late 2023. The second stage of the development is scheduled to welcome its first residents in 2025.

[smartcode_project_cta:default project_id=29352]

alisonwarters@gmail.com

Azzura lodge $500 million stage two plans for $3 billion Imperial Square, Southport masterplan

Southport is set for a new apartment development which have been mooted as more affordable than other apartments on the market.

The eight-storey building at 18 Bauer Street will comprise 54 apartments, a mix of 16 three-bedroom and 38 two-bedroom units which BDA said will offer quality apartment design in a central location and at an affordable price point.

The apartments will be set atop a communal podium and expansive entry lobby, with a small-leaved Fig and landscaping penned for the space.&nbsp;

Softly curved balconies and vertical blade walls combine with a textured and timeless material palette, featuring light-textured face brick and a mix of coloured and rendered concrete.&nbsp;

<img alt="Southport tower" data-entity-type="file" data-entity-uuid="5c48d8a1-2031-4d57-a2f9-ce9a6b53060d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-11-02%20at%203.24.41%20pm.png?VersionId=WDoGQqpWuZx_GYN5vSbwOYtCKuhR2Din" />

The bladed walls sweep toward the base transitioning into curved podium planters, complemented by further planting across the site’s boundaries, in addition to cascading and screening landscaping.&nbsp;

"As designed, the project will provide a memorable sculptural apartment building,"&nbsp;BDA noted in their design statement submitted as part of the development application.

“In its overall shape, massing and composition, the external form of the project has been developed through a considered analysis of the physical form, existing character, climatic conditions and envisaged potential for the site."

<img alt="Southport tower" data-entity-type="file" data-entity-uuid="e5ed25ad-03c2-4c92-a54f-58ba5556e263" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-11-02%20at%203.24.51%20pm.png?VersionId=ObiQ0vF9ZujOUvwIIn9f5neuHgUG0Fav" />

The architecture firm said the design intent is to contribute positively to the image, identity and overall quality of the context through achieving a high quality urban environment with appropriately expressive built form and activated and interesting street frontages.

Externally, the tower will be made up of predominantly glass and rendered painted concrete, with the base also including a mix of brick, stone cladding and aluminium battens.&nbsp;

Future residents will also benefit from the site's close proximity to the Ferry Road Markets, along with Southport Shopping Centre, the CBD and an array of public and private schools.

<img alt="Southport tower" data-entity-type="file" data-entity-uuid="4f89cd97-1d47-4f05-a730-7f3d18e00ca9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-11-02%20at%203.24.17%20pm.png?VersionId=3mLdflRd5MS3UG.pCav8qcYKI61vsm8o" />

"Through thoughtful considered analysis of the context and its location within Southport, the design builds on the existing contextual qualities and re-defines the existing Neighbourhood Centre with an appropriate urban response," BDA added.

"The design approach will result in the addition of a high quality, engaging apartment building providing considerable amenity for residents, visitors and neighbours alike."

The plans were filed by a&nbsp;company associated with local builder and Kriptal director, Ralf Hecke. 
 
Hecke's Kriptal most recently developed the Brightwater Apartments in Labrador.

The apartments will be set atop a communal podium and expansive entry lobby, with a small-leaved Fig and landscaping penned for the space

"Affordable" new apartments set for Southport

The Victoria-based developer Property Solutions Australia has lodged plans for their second apartment project in the Gold Coast's Southport area.

PSA, led by developer Fabio Rossi, is seeking to create an eight-level building with 36 apartments at 77 Pohlman Street, near the Nerang and Queen Street intersection and bordering Southport's Priority Development Area.

Each apartment will have between 85 sqm and 105 sqm internally, with further balconies and roof terraces.

<img alt="A tower" data-entity-type="file" data-entity-uuid="ff25b6e9-793e-4cd6-bba2-3d48e18ce157" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-20%20at%209.15.05%20am.png?VersionId=3hqUIJzwhqZubJ9DT_qkw9J2OMURJUGD" />

A mid-1970's home will make way for the&nbsp;BDA Architecture-designed building, which will feature a&nbsp;ground level gym with yoga space and an indoor outdoor area meeting a barbecue space. There will be ocean and Broadwater views on offer from the upper levels.

BDA designed PSA's previous Southport development, The Mill 137, which was just 27 apartments.

On the new project, BDA noted in their design submission to council that the&nbsp;project offered the opportunity to design an innovative architectural building and provide a higher residential density development bordering Southport’s ‘Priority Development Area’.

It's around the corner from the Queen Street light rail line and is within walking distance to the Nerang Street Light Rail Station, Queen&nbsp;Street Village and to the Southport Health Precinct.

"This project looks to offer quality residential apartment living in a central location and at an affordable price point," BDA noted, adding that the apartments are functional and liveable and can cater for families, focusing on maximising natural ventilation and light.

<img alt="The top of an apartment building" data-entity-type="file" data-entity-uuid="f5af1856-91c9-41e1-ac63-2d9e41211ccb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-20%20at%209.14.38%20am.png?VersionId=qz_Ugh8WfKfkM4y1y6ZT7jJZE1sTfnxG" />

All apartments are provided with functional balconies that can be used as an outdoor living room.

The podium is a landscaped and gently curved base, while the building form is a contrast of expressed horizontal slab edges and strong blade walls.

"Both the tower and its podium base have been considered as 3-dimensional forms in the urban context of the city," BDA state.

"The simple podium base with its horizontal lines and openness allows for cascading landscaping to spill over the podium edge.

"The ‘rectangular’ plan form of the tower is aligned with the site boundaries, reflecting the site’s shape and respecting the existing spatial geometry of the urban context."

PSA Group was established in 2009 by Rossi, who has over two decades of experience in property development. PSA has developed a number of projects across Victoria and Queensland, including Wembley Gardens in Melbourne's Donvale and Eleven93 in Highett.

They have a number of projects in the pipeline across both Queensland and Victoria.

BDA designed PSA's previous Southport development, The Mill 137, which was just 27 apartments.

PSA lodge plans for Southport apartment development

A major landholding within the master-planned Queen Street Village precinct at Southport has been placed on the market, presenting one of the biggest development opportunities in the Gold Coast’s central CBD in a number of years.

The landholding, comprising three adjoining sites totalling 5401 sqm, is being presented collectively to the market by Colliers through an expressions of interest campaign under the instructions of the mortgage exercising power of sale.

Colliers has called for expressions of interest in lots seven, eight and nine, which are located at the corner of Nerang Street and Queen Street, and already have preliminary planning approvals in place.

<img alt="Birdseye cityscape" data-entity-type="file" data-entity-uuid="26e4f82a-3f89-44e1-ad2f-b78cda4176fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/City%20Scape%20Hero.JPG?VersionId=psDCyCKBBeqg87mCpMAeErBPCgi9._Ch" />

The sites, located just one-kilometre from the Southport Broadwater and the Broadwater Parklands, are within the Southport Priority Development Area which allows for multiple uses without height restrictions.&nbsp;

Lot seven spans 1,787 sqm, with preliminary approval for a 12-storey apartment building comprising 52 units, along with a string of residential amenities, such as a rooftop terrace.&nbsp;

Lot eight, with a land area of 2,414 sqm, holds preliminary approval for a student accommodation facility comprising 480 beds, while lot nine comes with a land area of 1,200 sqm, located along Nerang St, with approval for a 14-storey hotel building, providing 160 suites and a rooftop terrace.&nbsp;

The sale is being jointly co-ordinated by a trio of Collier’s senior Gold Coast team, with Steven King, the Gold Coast Director in Charge at Colliers and Colliers Directors, Development Sites, Troy Linnane and Brendan Hogan, taking the reins.&nbsp;

Steven King spoke to the emerging suburb, pinning it as one of the Gold Coast’s most active development zones, with the site presenting a significant opportunity in the heart of the city’s designated CBD.&nbsp;

“It’s one of the largest sites to come on the Gold Coast market in many years and offers development interests the option of moving quickly and bringing to market the existing development proposals or to create a new landmark legacy within the Queen Street Village master plan,” King said.&nbsp;

“We anticipate the scale of the site and the advanced stage of approvals currently in place will garner considerable national interest at a time of severe undersupply in the Gold Coast residential market.”

The Queen Street Village holding is strategically located adjacent to the Nerang Street Light Rail Station, providing direct access to the Gold Coast’s key employment nodes such as the Gold Coast University Hospital and the Griffith University to the north.&nbsp;

It also provides access to the tourism and lifestyle hubs of Surfers Paradise and Broadbeach, including The Star Casino and Pacific Fair Shopping Centre, which are to the south.

“The corner location offers a high level of exposure to both Nerang and Queen Streets for any proposed development,” said Linnane.

“The three lots also benefit from multimillion-dollar expenditure in development works that have already been completed to date for the Queens Street Village development, and they also carry applicable infrastructure credits.”

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Hogan said the Southport holding presents a prime ‘shovel ready’ opportunity to capitalise on robust market conditions in the Gold Coast residential and tourism market.

“Record low residential vacancy rates, together with strong population growth, major investment in infrastructure and a rebounding tourism sector have put the Gold Coast on a strong trajectory to continue its post-pandemic boom well into the coming decade,” said Mr Hogan.

“A potential buyer could conceivably move into development of this site quite quickly, but because of its location within the Southport Priority Development Area Precinct 1, it presents an opportunity to explore multiple alternate uses.”

Precinct One defines the central Southport area as one of regionally significant commerce that will deliver a hub of innovative business, economic activity, entertainment, and leisure, with high levels of public transport connectivity to the rest of the city.&nbsp;

This zoning allows development of a diverse mix of residential and non-residential CBD uses such as offices, showrooms and health care services.&nbsp;

Colliers will provide qualified parties access to further information, including current approvals, upon request.

The expressions of interest campaign will close on Thursday 27 th October 2022 at 4pm.

The site is also positioned within the emerging Queen Street Village development, with the first stage recently opened, delivering a Supa IGA supermarket, Dendy Cinemas and a range of specialty retail tenancies.&nbsp;

Further developments proposed as part of the Queen Street Village master plan include two residential apartment towers that will deliver a total of 216 units and a vertical retirement village.

The landholding, comprising three adjoining sites totalling 5401 sqm, is being presented collectively to the market by Colliers through an expressions of interest campaign under the instructions of the mortgage exercising power of sale.



Colliers launch expressions of interest campaign for ‘shovel ready’ development in the Southport CBD

Southport is set to see one of the tallest towers ever built in Australia.

A consortium of highly experienced Australia property industry specialists has lodged a development application to create two towers, a 100-level residential tower and an adjoining 60-level office tower, in the heart of the Southport CBD.

The project is being led by&nbsp;experienced developer Baracon and Melbourne-based funds manager Payton Group, who had Australian architect BKK draw up the plans for the Park Lane project.

The residential tower at 1 Park Lane will deliver&nbsp;197 apartments to the city centre and will feature a range of resort-style resident amenities and topped by three two-storey penthouses.

<img alt="The 1 Park Lane towers" data-entity-type="file" data-entity-uuid="d886695e-1da6-4b04-9bea-fdb5f49c0194" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-02%20at%209.11.52%20am.png?VersionId=0lnc.DeXQz2cvrXQOon421wkFU5tdimU" />

The 60-storey office building will inject up to 12,000 sqm of office space amid a looming shortage of prime A-grade space on the Gold Coast, with the project set to become the most significant new office development in the city in more than a decade.

The twin towers are connected by an artistic moulded base canopy three storeys high over an open public realm and a skybridge at level 22 that will create a striking architectural feature for the development while providing a primary structural purpose that ties the buildings together.

The skybridge will become a key feature of the development in its own right by offering additional landscaped areas as well as a restaurant, function space and bar that can be&nbsp; accessed by residents, office workers and the broader community.

<img alt="The striking skybridge at 1 Park Lane" data-entity-type="file" data-entity-uuid="678e170e-1de9-4958-bec9-df0a23826f65" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-02%20at%209.11.42%20am.png?VersionId=nFkvVzSR3Owtyb8uMXFtn6GvE07eIEo3" />

BKK Architect Simon Knott sees 1 Park Lane as a major catalyst that will inspire a new wave of developments in Southport.

“This is an exciting project that will capture the imagination of the occupants, the wider community, and the industry more broadly. We are delighted to have the opportunity to be involved.” Knott said.

“Southport has been primed for a development like this for some time. It has everything going for it, but with so many dormant sites in the CBD it has been a sleeping giant for too long. This development will activate a site that has been underutilised for years.

<img alt="The landscaped podium at 1 Park Lane" data-entity-type="file" data-entity-uuid="f52ccb08-90c0-4e2c-8a38-3dcb76ceaf08" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-02%20at%209.11.57%20am.png?VersionId=T7NF4qRhwcJHjyaAEdwdLCM7.gB43Fvs" />

“The 1 Park Lane proposal will bring to the market a broad range of apartments that will have direct access to extensive public amenities in the area, including the light rail, Australia Fair shopping centre and access to CBD facilities and the Broadwater Parklands.

“Our consultant team’s research also shows that the office tower will be a significant driver of economic activity in its own right.”

It’s estimated 1 Park Lane will accommodate up to 500 employees in the office tower and 580 residents in the main tower, while the project is expected to create about 1,000 jobs alone during construction.

The twin-tower development will feature significant sustainability initiatives including a photo electric solar cell wall to the west face, which will harness the energy provided from the sun for reuse within the apartment building.

The residential tower at 1 Park Lane will deliver 197 apartments to the city centre and will feature a range of resort-style resident amenities and topped by three two-storey penthouses

100-level apartment tower planned for Gold Coast's Southport CBD

Following the success of Oceanic Tower, the first tower in the sought-after Marine Quarter precinct in Southport, developer BuildCap has launched apartments in tower two.

To be known as MQII, the Scenic Tower, the building is part of the twin-tower design by WallaceBrice Architecture, set in the Southport Priority Development Area.

The towers sit on&nbsp;the edge of water and parklands at 165 Marine Parade,&nbsp;redefining the Southport stretch of the Broadwater.

As the only approved residential development on the Broadwater Parklands, Marine Quarter is perfectly positioned to deliver the ultimate Southport lifestyle.

[smartcode_project:default project_id=7007 project_image_fid=187491]

It&#39;s a waterfront walk to&nbsp;Australia Fair, and the&nbsp;light rail which runs all the way up to Surfers Paradise.

Each apartment in the Scenic Tower has been designed to take in the surrounding views&nbsp;with floor-to-ceiling glass windows, which allow maximum natural light in to the apartments.

The living spaces open onto&nbsp;deep recessed balconies&nbsp;creating an indoor-outdoor living environment. The modern open-plan layout&nbsp;encourage interaction, while versatile multi-functional spaces adapt to different needs.

[smartcode_project:default project_id=7007 project_image_fid=187506]

Two and three-bedroom apartments&nbsp;start from $575,000, and two extensive sky homes are available on level 30.

Three-bedroom offerings start at level five and are priced from $895,000. They span 134 sqm and each featuring stunning north east aspect and sought after inclusions like twin vanities in the master bedroom&#39;s&nbsp;adjoining ensuite.

Apartments and sky homes are fitted out with a sophisticated interior,&nbsp;featuring stone bench-tops, timber flooring, and high-end finishes throughout.

The kitchens have premium black fittings, European cooking appliances and a dishwasher as standard.

[smartcode_project:default project_id=7007 project_image_fid=187486]

There are a number of resort-style facilities in Scenic Tower.

The rooftop level is home to a pool that encompasses the expansive coastal views, as well as a resident&rsquo;s lounge and alfresco dining space.

[smartcode_project:default project_id=7007 project_image_fid=187484]

At the ground level, there&rsquo;s ample garden spaces, a studio gym, as well as a range of convenient eateries.

Each apartment and sky home features secure car parking and a range of storage options.

[smartcode_project_cta: project_id=7007]

To be known as MQII, the Scenic Tower, the building is part of the twin-tower design by WallaceBrice Architecture, set in the Southport Priority Development Area.


Second tower in Southport's Marine Quarter apartment development launches

With over 75% of the apartments on offer at The Mill, Southport sold, just a quarter of the 27 apartments remain.

Delivered by boutique property development group, Property Solutions, led by developer Fabio Rossi, the Mill boasts spacious, light-filled apartments nestled within a leafy landscape.

Expansive floorplans feature two bedrooms and two bathrooms, with refined finishes and high-quality fittings.

[smartcode_project:default project_id=7435 project_image_fid=153965]

Designed by BDA Architecture, the apartments have been positioned to take in the prevailing breezes and captivating views, while a private outdoor garden room provides the best in indoor-outdoor living.

Kitchens feature elegant inclusions, such as stone benchtops, 2-pak joinery and integrated European appliances.

The homes also feature lift access, timber flooring, air conditioning and one car space with generous separate storage.

[smartcode_project:default project_id=7435 project_image_fid=153966]

With lift access to the rooftop, residents can enjoy the Mill&rsquo;s private terrace, complete with alfresco dining areas and barbeque facilities.

The Mill holds an enviable position in the vibrant suburb of Southport, inviting residents to enjoy the most of Gold Coast living.

Located in its heart, the development is within close walking distance to shopping, lifestyle amenities and employment opportunities.

[smartcode_project:default project_id=7435 project_image_fid=153963]

Residents can enjoy being close by Australia Fair, Harbour Town and Pacific Fair Shopping Centre, or the new $550 million integrated master-planned community taking shape at Queen Street Village.

Once complete, it will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

Prestigious schools are also within reach, including St Hilda&rsquo;s School, the Southport School, Griffith University and Gold Coast TAFE.

[smartcode_project:default project_id=7435 project_image_fid=153967]

This month Mayor Tom Tate said the Gold Coast&#39;s population could reach one million by 2036 &mdash; five years earlier than&nbsp;expected, providing incentive for investors to purchase a property in the growing urban area.

The City Council has committed $11&nbsp;million to subsidise new bus routes, while $25 billion has been invested in infrastructure to transform the region into a globally competitive city.

[smartcode_project_cta: project_id=7435]

Delivered by boutique property development group, Property Solutions, led by developer Fabio Rossi, the Mill boasts spacious, light-filled apartments nestled within a leafy landscape

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Over 75% sold at Southport apartment development, The Mill

Sales are underway at one of Southport&#39;s newest apartment developments, The Waverley Residences.

Located in the heart of Southport&#39;s CBD at 15 Waverley Street, the $30 million Rothelowman-designed tower, developed by the Sydney-based&nbsp;Busikon, will have 60 apartments across its eight levels when it is completed in May 2022. Construction by Descon Australia has already begun.

There will be 60 apartments in total, comprising 14 one-bedroom apartments, 32 two-beds and 14 three-bedroom apartments.

Prices start from $345,000 for the one-bedroom apartments, $500,000 for the two-bedroom apartments and $680,000 for the three-bedrooms.&nbsp;

[smartcode_project:default project_id=106723 project_image_fid=170911]

Savill&rsquo;s Gold Coast&nbsp;Director of Residential Projects David Lennard&nbsp;said the apartments give the chance for a first home buyer to get on the ladder in the booming area.

He said the development was genuinely one of the best projects he&#39;s worked on.

&ldquo;The Waverley Residences ticks all the boxes that the discerning buyer looks for in a sophisticated home, with floor plans designed for optimum liveability, a sprawling rooftop retreat fit for entertaining and rejuvenating, and an aesthetical appeal that flows from its striking exterior to its light filled interiors,&quot; Lennard says.

&ldquo;We understood that the idealistic coastal lifestyle is a huge driving force behind the growing demand for residences on the Coast, so we sought to create a range of homes that embodied the essence of sub-tropical living.&rdquo;

[smartcode_project:default project_id=106723 project_image_fid=170912]

Lennard added that the suburb of Southport had&nbsp;long been overlooked for its supreme positioning at the core of the Gold Coast business precinct.

&ldquo;We have a huge amount of faith in Southport as one of the most underrated locations on the coast, given its proximity to picturesque waterways and beachfronts, while being immersed in a lifestyle hub of dining, retail and education as the city&rsquo;s undisputed CBD,&rdquo; Lennard said.

The apartments in Waverley Residences, created by award-winning architect firm Rothelowman, have been designed to take advantage of the coastal location, with a unique kitchen layout servicing both the interior dining area and alfresco dining on the balcony.

Crowning the building&nbsp;will be&nbsp;a rooftop terrace complete with a&nbsp;gym, outdoor lounges, dedicated BBQ areas and a private dining space with views&nbsp;to the Gold Coast skyline and beachfront.

[smartcode_project:default project_id=106723 project_image_fid=170910]

About the developer

Busikon is a boutique development firm based in Sydney that specialises in providing complete end-to-end service model with a mission to provide bespoke, environmentally responsible and community centric developments for the discerning homeowner and investor.

[smartcode_project_cta: project_id=106723]

There will be 14 one-bedroom apartments, 32 two-beds and 14 three-bedroom apartments

First home buyers alerted to affordable Southport apartment development The Waverley Residences 

Southport is not only the CBD&nbsp;of the Gold Coast with&nbsp;the city&#39;s largest area of office space but also the central entertainment location of the Gold Coast.

In current times it is set apart from the normal tourist hub of the Gold Coast, however there is still plenty to see.

The Gold Coast&rsquo;s best restaurants, boutiques, and cultural institutions are just a&nbsp;walk away from, choose from an everflowing list of award-winning grocers, cinemas, cafes, malls &amp; eateries.

With so much convenience on offer it isn&#39;t a surprise that&nbsp;Southport has 18&nbsp;high-rise towers&nbsp;either completed, under construction or awaiting commencement.

Urban took a look at three of the best and most affordable on offer:

1.&nbsp;<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport">Regal Residences Imperial Square</a> 
Address:59-73 Meron Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$364,000

[smartcode_project:default project_id=29350 project_image_fid=154910]

Gold Coast developer Azzura have&nbsp;fast-tracked construction of Regal Residences, the first stage in their $2.3 billion Imperial Square development in Southport.

Also featuring 200 hotel suites, local&nbsp;construction company Descon Group Australia is on the job.

Already around half of the 145 apartments in Regal Residences have sold, with&nbsp;Azzura&#39;s&nbsp;sales director Jason Paris pinning the strong sales on the pent-up demand for new product in the city&rsquo;s CBD hub.

Regal Residences will also include a range of commercial&nbsp;spaces on completion, rooftop bars, and amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, zen garden, BBQ and a residents lounge.

Part of the project will be a 108-level tower, set to be one of Australia&#39;s tallest buildings.

2. <a href="/new-apartments/rise-on-minnie-23-minnie-street-southport">Rise on Minnie</a> 
Address: 23 Minnie Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$339,500

[smartcode_project:default project_id=8233 project_image_fid=140838]

Inside Rise on Minnie, designed by RH Frankland you will find beautiful white walls, stone benchtops and expansive living areas that style to your new apartment.

Whether you&rsquo;re at home with your loved ones or hosting a gathering, the modern interior seamlessly enhances your time spent at home; the perfect blend between beautiful design and function.

Just minutes away from the Gold Coast University Hospital, Griffith University, Gold Coast TAFE and some of the best schools on the Gold Coast including The Southport School and St Hilda&rsquo;s. You&rsquo;ll find all you need right outside your door.

Enjoy your own private rooftop terrace featuring&nbsp;BBQ facilities to entertain family and friends whilst enjoying views of the Surfers Paradise Skyline

3. <a href="/buildings/the-mill-137-eugaree-street-southport">The Mill</a> 
137 Eugaree Street, Southport QLD 4215 
One-bedroom apartments from&nbsp;$485,000

[smartcode_project:default project_id=7435 project_image_fid=153965]

The Mill presents a collection of 27 spacious apartments, thoughtfully designed to appeal to those who value quality, luxury, space and design.

Developed by PSA Group and designed by BDA Architecture, don&#39;t miss the opportunity to live a life of opulence surrounded by everything you need right at your doorstep.&nbsp;

Inside your new home, you will be greeted with quality at every turn, spacious living that seamlessly connects indoor with your private outdoor garden room.

Expansive bedrooms double as private retreats, elegant bathrooms with refined finishes and fittings and impressive kitchens with stone benchtops, 2-pak joinery and the very best European appliances. Your light-filled apartment is positioned to take in the prevailing breezes and captivating views across the hinterlands and Gold Coast skyline.

Your new home also features lift access, timber flooring, air conditioning and one car space with generous separate storage. The Mill rooftop terrace is truly unlike any other complete with alfresco dining areas and barbeque facilities.

Queen Street Village, a $550 million integrated masterplanned community is already taking shape and once complete will be within walking distance. It will feature an urban village with retail, dining and entertainment, as well as commercial office space, a medical centre and cinema.

The newly developed Southport Broadwater Parklands provides the suburb with a sheltered seaside precinct to rival Brisbane's South Bank

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Top Southport apartments for sale under $500,000

Azzura have kicked off construction at their $2.3 billion Imperial Square project on the Gold Coast&#39;s Southport.

Gold Coast Mayor Tom Tate turned the sod alongside Azzura founder and chief executive Robert Badalotti.

The $155 million first stage, to be built by the local construction company Descon Group Australia,&nbsp;will see the residential arm of Imperial Square,&nbsp;known as&nbsp;Regal Residences, soar 18 levels&nbsp;on the 1.34 hectare site at the corner of Meron Street and Ferry Road.

The 4.5 star hotel with 200 hotel rooms will also be part of the first stage.

Already around half of the 145 apartments in Regal Residences have sold, with Azzura&#39;s&nbsp;sales director Jason Paris pinning the strong sales on the pent-up demand for new product in the city&rsquo;s CBD hub.

[smartcode_project:default project_id=29350 project_image_fid=154912]

&ldquo;Regal Residences represents incredible value with apartments selling for an average of $6000 per square metre, which is a third of the selling price of some beachfront locations on the Coast,&rdquo; he said.&nbsp;

Regal Residences will also include a range of commercial&nbsp;spaces on completion, rooftop bars, and amenities such as rooftop infinity pool, steam room, sauna, gymnasium, spas, zen garden, BBQ and a residents lounge.

The Imperial Tower, which will rise 108 storeys, will be Australasia&rsquo;s tallest building. It will be flanked by Monarch Place, a 54-level spiral tower. 
 
Mayor Tom Tate said Azzura&rsquo;s landmark project was aligned perfectly with his &ldquo;upwards rather the outwards&rdquo; approach to future development on the Gold Coast.

[smartcode_project:default project_id=29350 project_image_fid=154906]

&ldquo;The only way is up for the sustainable future of our city,&rdquo; he said. &ldquo;We must plan for higher density along our key public transport corridors,&quot; Mr Tate said.

&ldquo;By building up, not out, means people can live where they want to, access public transport at their door and still enjoy the lifestyle and primary attractions that bring people to the coast &mdash; our beaches and open space.&quot;

Gold Coast Mayor Tom Tate turned the sod alongside Azzura founder and chief executive Robert Badalotti

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