Developer <a href="https://www.urban.com.au/developers/figurehead">Figurehead Group</a> is offering to pay the full stamp duty for buyers who purchase an apartment at Osprey in Safety Beach before Easter 2025.&nbsp;

The limited-time incentive applies to newly completed residences at the Martha Cove development and represents a potential saving of up to $82,000, depending on the purchase price.

<a href="https://www.urban.com.au/buildings/osprey-safety-beach-15-martha-cove-boulevard-safety-beach-vic-3936">Osprey</a> is now fully complete, allowing purchasers to settle and move in immediately.

[smartcode_project:default project_id=138447 project_image_fid=290616]

Located at 15 Martha Cove Boulevard, Osprey is an award-winning apartment development delivered in collaboration between builder-developer Figurehead and <a href="https://www.urban.com.au/architects/wolveridge-architects">Wolveridge Architects</a>, renowned for their work across the Mornington Peninsula.

The residences have been designed to maximise natural light and ventilation, with each apartment positioned to capture sea breezes and views of the surrounding coastal environment.&nbsp;

Interiors feature natural textures and tones, including timber finishes, breezeway paving, and soft green accents intended to reflect the local landscape.

[smartcode_project:default project_id=138447 project_image_fid=290741]

A central landscaped courtyard sits at the core of the development, incorporating sculptural concrete elements inspired by the cliff faces of the peninsula’s shoreline.

Osprey has already attracted attention from local and Melbourne-based buyers, drawn to its rare harbourside location, thoughtful design, and strong investment potential.

[smartcode_project:default project_id=138447 project_image_fid=290632]

Osprey offers 18 two and three-bedroom apartments, positioned close to the harbour at Martha Cove.&nbsp;

While primarily offering a harborside lifestyle, Osprey is located just a seven-minute drive from the sand at <a href="https://www.urban.com.au/developments/safety-beach-vic-3936">Safety Beach</a> and only eight minutes from Mount Martha Public Park. With views over Port Phillip Bay and Arthur's Seat, the 53-hectare park offers extensive walking trails connecting the picnic area to the summit and viewing tower.

The project is positioned as part of a broader precinct renewal and is one of the few newly completed developments in the area currently offering incentives of this kind.

[smartcode_project_cta:default project_id=138447]

Buyers of completed apartments at Osprey in Safety Beach could save up to $82,000 if they purchase before Easter, with the developer covering the full cost of stamp duty.

Joel Robinson

Figurehead covers stamp duty at Osprey Safety Beach in pre-Easter sales offer

Following the strong sales success of the first tower, <a href="https://www.urban.com.au/developers/morris-property-group">Morris Property Group</a>&nbsp;has now released the apartments in the second tower of its new Broadbeach development, Crest Broadbeach.

The second tower introduces a fresh collection of two and three-bedroom apartments, which have already generated strong interest. Prices start from just under $1.2 million.

The first tower, which launched just over 12 months ago, is now more than 75 per cent sold.

Morris' in-house construction team is delivering both towers simultaneously. Construction is well underway, with the tower crane already installed on-site and excavation nearing completion on the fifth basement level. Both towers are scheduled for completion by mid-2027.

[smartcode_project:default project_id=112024 project_image_fid=343235]

<a href="https://www.urban.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a> is ideally positioned on the highly sought-after Armrick Avenue, a tightly held street that has seen surprisingly little apartment development despite the recent boom across Broadbeach. No developer has successfully delivered a high-rise on this exclusive street—until now.

Armrick Avenue offers two major advantages to both investors and owner-occupiers due to its proximity to Broadbeach Park, one of the suburb’s most cherished green spaces.

The park, across the road is home to the iconic Broadbeach Bowls Club, a community institution since the mid-1950s, and the long-standing Broadbeach Surf Life Saving Club, giving Crest residents doorstep amenity at two of Broadbeach's most popular social venues.

The proximity to the park also means Crest residents will enjoy protected, uninterrupted southern views, with the government-owned land of the park never to be built upon.

[smartcode_project:default project_id=112024 project_image_fid=343113]

In addition to the prime location and surrounding amenity, Crest will also offer residents an impressive suite of on-site facilities. These include a fully equipped gym, a resort-style pool, and a barbecue and alfresco entertaining area.

According to data from MatterFact, Urban.com.au’s data partner, Crest has appealed to both investors and owner-occupiers alike. While the majority of enquiries have come from Queenslanders, interstate interest has remained consistently strong. In fact, enquiries from New South Wales have made up between 20 to 30 per cent of total enquiries since the beginning of 2024.

[smartcode_project:default project_id=112024 project_image_fid=343256]

Crest marks Morris Property Group’s ninth apartment development in Broadbeach since entering the market in 2006 with their flagship project, Verve.

They recently completed their eighth project, <a href="https://www.urban.com.au/buildings/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, nearby on Jubilee Avenue. Construction is also underway on their tenth Broadbeach project, <a href="https://www.urban.com.au/new-apartments/maison-broadbeach-22-chelsea-avenue-broadbeach">Maison Broadbeach</a>, located just across Broadbeach Park on Chelsea Avenue.

[smartcode_project_cta:default project_id=112024]

Crest marks Morris Property Group’s ninth apartment development in Broadbeach since entering the market in 2006 with their flagship project, Verve

Morris releases second tower at Crest Broadbeach after tower one sales success

The first development at Budds Beach in more than a decade has commenced construction, with award-winning builder and developer McNab bringing the sculptural 28-level Elements tower to life.

The milestone coincides with new research from the National Property Research Co that shows the Gold Coast will need another 144,000 new dwellings over the next two decades to meet the forecast population growth, set to tip one million residents by 2045.

McNab Executive Chairman Michael McNab said the 28-level&nbsp;<a href="https://www.urban.com.au/new-apartments/elements-budds-beach-surfers-paradise-21-oak-avenue-surfers-paradise-qld-4217">Elements</a> would deliver 87 two, three and four-bedroom apartments in the exclusive Budds Beach enclave.

“Budds Beach is incredibly tightly held, with very few properties exchanging hands in the past five years," McNab said.

"Once you see it for yourself, you can understand why. It’s an enclave you would only discover if you lived locally – a pristine riverfront beach, tree-lined streets and village-style cafes, just seven-minutes' walk from the iconic oceanside of Surfers Paradise."

[smartcode_project:default project_id=111522 project_image_fid=322249]

McNab said they've always looked to position their projects in areas loaded with lifestyle and on the cusp of growth.

“Budds Beach delivers on this, and our vision for Elements will soon create a sculptural landmark and new housing supply in an area where there is strong appetite for premium, home-sized apartments.”

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As testament to the project’s design and location, both McNab and the company’s CEO, Kunjan Ganatra, have both purchased apartments in Elements.

Designed by Cottee Parker, the $170 million tower, located at 21 Oak Avenue in Surfers Paradise, is scheduled for completion by Q32027.

Director of National Property Research Co Matthew Gross said more projects of this scale needed to break ground on the Gold Coast to meet the extraordinary pace of growth.

“In the next 20 years the Gold Coast’s population is forecast to surpass one million residents, which means another 144,000 new dwellings will need to be delivered to meet that demand,” Gross said

“The supply-demand imbalance has had a significant impact on property values in the city, with the median apartment price increasing 343 per cent since 2000 from $174,900 to its current median price of $795,000 for the first quarter of 2025."

In the past decade, we’ve also seen the number of apartment sales above $2 million grow by 1,600%, from just 33 sales in 2014 to more than 528 sales in 2024, Gross added.

[smartcode_project:default project_id=111522 project_image_fid=322247]

Elements has been progressively released to the market in stages since its formal launch, with more than 65 per cent of apartments in the Azure Collection now sold.

Managing Director of MOTIV, Carly Cottam, said a limited number of two and three-bedroom apartments were available in the Azure Collection at Elements, priced from $1.31 million for a two-bedroom apartment and from $1.75 million for a three-bedroom apartment.

“These apartments are designed for the local market and feature large floor plans, clever storage solutions and impeccable finishes,” Cottam said.

“Soon we will be releasing the Horizon Collection at Elements, which comprises just 10 four-bedroom 
plus multipurpose room residences, spanning half a residential level."

[smartcode_project:default project_id=111522 project_image_fid=322250]

Featuring European Oak flooring, natural stone benchtops, and an opulent wine bar complete with integrated wine fridge, Cottam said apartments within the Horizon Collection start from $3.912 million.

The full-floor penthouse at Elements has not yet been released to market. Crowning the top of Elements is a full-floor retreat dedicated to wellness and entertaining, with 360-degree views and extensive resident amenities including a horizon-edge pool, poolside lounge, BBQ and teppanyaki bar, yoga deck, gymnasium, sauna, and hot plunge pool.

[smartcode_project:default project_id=111522 project_image_fid=322252]

The construction milestone at Elements follows the successful delivery of White Main Beach, which was completed by <a href="https://www.urban.com.au/developers/mcnab-developments">McNab</a> in 2024 and awarded best Apartment Building over $50m by the Queensland Master Builders Assoc.

McNab remains one of the few builders in Queensland to consistently grow their pipeline and deliver projects ahead of schedule — a direct result of the company’s integrated business model, which leverages in-house teams of skilled tradespeople, and produces high-quality building materials, to help overcome industry-wide labour and material shortages.

[smartcode_project_cta:default project_id=111522]

McNab breaks ground on Elements apartment tower at Budds Beach

Sunkin Property Group will welcome buyers later this year to the latest stage of its Bayside masterplanned precinct, <a href="https://www.urban.com.au/new-apartments/highett-common-37-graham-road-highett-vic-3190">Highett Common</a>.

<a href="https://www.urban.com.au/builders/sk-construction">SK Constructions</a>, the building arm of <a href="https://www.urban.com.au/developers/sunkin-property-group">Sunkin Property Group</a>, recently topped out the North Lane building, one of several planned for the unrepeatable 9.3-hectare site next door to Highett Station and its accompanying amenity.

Sunkin held a topping out ceremony in early April to honour the milestone.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/vk4OyV9FSho?si=MfiVFS4GLCPLGPlL" title="YouTube video player" width="560"></iframe>

SK Constructions is now nearing completion of early civil works, with minor final touches underway to support the delivery of the first stage of buildings.&nbsp;

The team is also progressing on the community’s first one-hectare park, with drainage works, cut and fill operations, retaining walls, and new footpaths taking shape.

[smartcode_project:default project_id=108019 project_image_fid=300064]

The second stage of Highett Common, the Highett Common Townhomes Collection,&nbsp;is progressing through the detailed design phase. Construction is scheduled to begin later this year.&nbsp;

The third stage, the Mews Collection, which will deliver six levels of contemporary residences, is preparing for early basement works and piling.

[smartcode_project:default project_id=108019 project_image_fid=331186]

Highett Common’s first residents are expected to move in within the next six months.&nbsp;

Upon arrival, they’ll enjoy access not just to their new homes, but also to the community’s first park and playground, part of a broader vision that places open space and walkability at the heart of the precinct.

Select residences are currently available with stamp duty savings and a $12,000 furniture and styling package by <a href="https://www.urban.com.au/interior-designers/coco-republic-interior-design">Coco Republic</a>, offering added value for early buyers.

[smartcode_project_cta:default project_id=108019]

Sunkin tops out next Highett Common building as move-in date approaches

Buyers are preparing to move into their new homes in <a href="https://www.urban.com.au/developments/lane-cove-north-nsw-2066">Lane Cove North</a>, with construction now complete on Sterling, the latest development by builder-developer Scion Group.

The five-level project, located at 2 Merinda Street, comprises just 50 one, two, and three-bedroom apartments to an area starved of new apartments.

Designed by <a href="https://www.urban.com.au/architects/design-corp-architects">Design Corp Architects</a>, Sterling’s architecture draws on Lane Cove’s natural surroundings, with a neutral palette, generous balconies, and integrated landscaping.

[smartcode_project:default project_id=136108 project_image_fid=303417]

The family-run Scion took over the build that had already commenced construction, the first time the company had done so since it was founded by Sam Jabbour in the early 1990s.

Their minds were set at ease instantly when they were told the development had Latent Defects Insurance and had undergone the technical inspection service program by reputable industry experts since commencement.

Sebastian Jabbour, Director of Operations at Scion, says it gave the team confidence to take on the project.

“Because we weren’t the developer who had brought on Latent Defects Insurance, we weren’t fully aware of all the benefits that came with LDI,” Jabbour says.

“It was remarkable how thorough the building inspections by the <a href="https://www.urban.com.au/expert-insights/latent-defects-insurance-101-what-is-the-technical-inspection-service-tis-program">Technical Inspection Service</a> were. It meant we had a third party ratifying the part of the build process we weren’t a part of - which was really the driver in us getting involved in the project.”

&nbsp;

[smartcode_project:default project_id=136108 project_image_fid=303415]

<a href="https://www.urban.com.au/news/resilience-latent-defects-insurance">Latent Defects Insurance</a>, an insurance only offered in Australia by Resilience Insurance and taken out on the building rather than by each individual owner, protects apartment buyers from any structural,&nbsp;

LDI offers 10 years of protection against structural or design defects post-completion, providing a level of assurance that is proving to be a game-changer in the off the plan apartment market.

[smartcode_project:default project_id=136108 project_image_fid=303420]

Ray White Projects Western Sydney Managing Director Mark Bernberg, who is handling the sales, says there have been purchasers who are buying because the development has LDI.

"LDI is a true game-changer for the new and off the plan apartment market," Bernberg says.

<a href="https://www.urban.com.au/buildings/sterling-lane-cove-north-2-merinda-street-lane-cove-north-nsw-2066">Sterling</a> has attracted a diverse mix of buyers, including first homebuyers, downsizers, and investors drawn to the area’s lifestyle offering and connectivity.&nbsp;

There are just a handful of apartments remaining in Sterling.

[smartcode_project_cta:default project_id=136108]

Sterling has attracted a diverse mix of buyers, including first homebuyers, downsizers, and investors drawn to the area’s lifestyle offering and connectivity. 



Norwood development site sold for $2.44 million

Staff reporter

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