Elevate Hume Place, the new apartment development above Crows Nest Metro by developer&nbsp;<a href="https://www.urban.com.au/developers/thirdi-group">Third.i</a> and joint venture partner&nbsp;Phoenix Property Investors, has raced to 50 per cent sold.

Both local and international buyers have driven the sales of one of the most popular&nbsp;transit-oriented developments in Sydney, above the newly opened metro that will connect future Elevate residents to the rest of Sydney in minutes.

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/third-i-offer-10k-deposits-at-elevate-hume-place-apartments-above-crows-nest-metro">Third.I offer $10k deposits at Elevate Hume Place apartments above Crows Nest Metro</a>

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Designed by Woods Bagot, <a href="https://www.urban.com.au/new-apartments/elevate-hume-place-crows-nest-25-hume-street-crows-nest-nsw-2065">Elevate Hume Place</a>&nbsp;comprises&nbsp;130 one, two, and three-bedroom apartments.

Third.i Co-Founder Luke Berry said the project has received over 6,000 leads with over 400 appointments to date, with this unprecedented demand and strong interest not only reflecting the quality of the apartments but also the increasing demand for convenient, transit-oriented living in Sydney's dynamic real estate market.

“With over 50 per cent of Elevate Hume Place sold, this achievement highlights the growing appetite for contemporary living that prioritises accessibility and connectivity,” Berry stated.

“The design, amenities, demographic, and prime location of Elevate Hume Place have attracted a diverse range of local and international buyers, from young professionals and first home buyers to investors and downsizers, all seeking the perfect blend of urban convenience and community charm.”

Freya Watson, JLL’s Head of Residential Project Sales Australia - the sales partner for Elevate Hume Place - shared insights into the diverse range of buyers the development has attracted.

“Elevate Hume Place sets a new standard for transit-oriented living, appealing to both owner-occupiers and investors. Properties near metro stations often achieve a 20-30 per cent price premium and attract high rental demand, which has contributed to the strong buyer interest. Buyers clearly recognise the long-term potential of this development.”

Read more:&nbsp;<a href="https://www.urban.com.au/news/nsw/why-the-investment-potential-at-elevate-hume-place-above-crows-nest-metro-is-proving-too-good-to-miss">Why the investment potential at Elevate Hume Place above Crows Nest Metro is proving too good to miss</a>

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A significant portion of the buyer interest has come from Asia.

Among these international buyers, 25% are seeking residences for their children studying in Sydney, while another 25% are Australian passport holders or permanent residents looking for personal stays. The remaining 50% are investment-driven buyers, primarily from Singapore and Hong Kong, attracted by the project’s strong rental return potential.

“The Metro is a huge draw for buyers, especially those who value or are accustomed to the convenience of public transport, with its prime location and quick access to the CBD," Watson added.

"The city views are also a major attraction, along with the abundance of schools and universities right on the doorstep."

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Berry says Elevate Hume Place buyers will experience a perfect blend of connectivity, community, and the vibrant lifestyle that <a href="https://www.urban.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> offers.

“Elevate features shared spaces that promote community interaction, iconic Sydney views, and sustainable design elements. The thoughtfully designed apartments foster a meaningful connection to the natural surroundings while honouring the site’s rich history. In addition to direct metro access, residents will benefit from being close to Crows Nest Village, which provides a variety of lifestyle amenities.”

Prices at Elevate start from $970,000.

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Unprecedented demand from local and international buyers for Third.i’s transit-oriented development

Joel Robinson

Third.i sells 50 per cent of Elevate, Hume Place apartments above Crows Nest Metro

Malaysian-Australian developer&nbsp;<a href="https://www.urban.com.au/developers/mrcb">MRCB</a>&nbsp;has won PropertyGuru's Best Apartment Architectural Design and the inaugural Sustainable Design Award for its 26 Vista apartment development in Surfers Paradise.

The accolades were announced during the 7th PropertyGuru Asia Property Awards (Australia) ceremony held at the Grand Hyatt Melbourne, celebrating achievements in real estate across the country.

Located on Vista Street just one row back from the beach, <a href="https://www.urban.com.au/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> will rise 51 levels and home 280 apartments. 70 per cent have already sold, before construction commencement.

&nbsp;

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MRCB International CEO, Ravi Krishnan, said they believe 26 Vista will be the greenest tower on the Gold Coast.

"In designing 26 Vista, our aim was to mirror the dedication we bring to all our projects, carefully crafting a sustainable yet prestigious living experience for both current and future residents of <a href="https://www.urban.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a>," Krishnan, said.&nbsp;

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MRCB has also employed a number of other green initiatives for 26 Vista, including adopting an all-electric solution and eliminating gas via SUPA Energy, Australia’s most progressive energy solution.

These initiatives align with the developer's emphasis on sustainable construction practices, supported by its proprietary MRCB Building System (MBS).&nbsp;

This modular construction technology allows for up to 85 per cent of the building process to be completed off-site, significantly reducing energy consumption, carbon emissions, and waste while enhancing overall build quality.

&nbsp;

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26 Vista will also offer EV car-sharing options in partnership with mobility company Outbound, making it one of the first residential buildings on the Gold Coast to provide this service.

"The project is a real showcase of what’s possible when developers prioritise convenience, luxury, and sustainability for the benefit of their residents," Outbound CEO Luke Rust said.

"Electric car sharing is an accelerating trend in buildings around the world and we’re excited to be pioneering the concept in Queensland.

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Since launching to market in early 2023, over 70 per cent of the apartments at 26 Vista have sold.

26 Vista will also offer residents lush private rooftop gardens and sky-high residents' lounges, providing 360-degree views of South East Queensland, along with offering a hotel-styled wellness precinct featuring a state-of-the-art gym, outdoor yoga space, outdoor pool and spa, sauna, and a steam room.

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MRCB International CEO, Ravi Krishnan, said they believe 26 Vista will be the greenest tower on the Gold Coast.

MRCB clinch Sustainable Design Award and Best Apartment Architectural Design for 26 Vista, Surfers Paradise apartments

BLVD, the latest tower in OSK Property's $3 billion Melbourne Square precinct in&nbsp;<a href="https://www.urban.com.au/developments/southbank-vic-3006">Southbank</a>, has taken out the Best Apartment Development (Australia) award at the 7th Property Guru Asia Property Awards.

The awards ceremony at the Grand Hyatt Melbourne celebrated achievements across the country’s property sector.&nbsp;

<a href="https://www.urban.com.au/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a> also earned Best Wellness Residential Development, Best Integrated Work from Home Development, and Best Apartment Interior Design.

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The 74-level tower is among the first Australian residential projects registered to pursue WELL Certification, which assesses the built environment's impact on human health and well-being.&nbsp;

BLVD incorporates gas-free residences, carbon-neutral operation capabilities, and EV charging, reflecting a strong focus on sustainability.

Designed by <a href="https://www.urban.com.au/architects/cox-architecture">Cox Architecture</a> with interior design partners <a href="https://www.urban.com.au/interior-designers/carr-interiors">CARR</a>, the geometrically intricate residential building will be home to just over 600 apartments inspired by nature and offered in various colour palettes.

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The Level 8 Podium Club will offer residents views across Melbourne, a state-of-the-art gym, a 25-metre indoor swimming pool, spa, and sauna. Two more levels of amenity will feature&nbsp;a cinema, karaoke room, and a golf simulator.

The podium level of BLVD features a zen garden with barbecue facilities, alfresco spaces, and shaded seating areas.

The owners of the premium residences in BLVD have exclusive access to the Level 55 Skye Club which is home to another gym, cocktail lounge, private dining rooms, and the best views from any amenity space within the tower.

For work, the Co-Quarter Business Facilities offer co-working spaces, private pods, and meeting facilities with views of the Royal Botanic Gardens.

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BLVD has been designed to be its own community, with curated community events aimed to bring residents together, from book clubs to personal training groups.

Construction of BLVD is being delivered by <a href="https://www.urban.com.au/builders/multiplex">Multiplex</a>, which also handled earlier stages of the Melbourne Square precinct. The project broke ground earlier this year and is expected to be completed by early 2028.

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Construction of BLVD is being delivered by Multiplex, which also handled earlier stages of the Melbourne Square precinct.

OSK Property takes out Best Apartment Development for BLVD in Southbank

A decade-long vision to redefine Perth’s urban landscape has earned <a href="https://www.urban.com.au/developers/golden-sedayu">Golden Sedayu</a> the prestigious Best Mixed-Use Development award at the 7th PropertyGuru Asia Property Awards (Australia), recognising the transformative potential of its flagship project, Burswood Point.

<a href="https://www.urban.com.au/new-townhouses/burswood-point-saintly-entrance-burswood">Burswood Point</a> is a $3.8 billion redevelopment of a 38-hectare site around Belmont Racecourse, which includes 4,500 new dwellings, retail and commercial precincts, luxury hotels, and riverside parks.

The project is expected to contribute over $10 billion to the state economy while creating 25,700 jobs.&nbsp;

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Developer Golden Sedayu, a partnership between Perth’s Golden Group and Indonesia's Agung Sedayu, has emphasised sustainability and livability in its masterplan, featuring 2.5 kilometres of Swan River foreshore and 110,000 sqm of public open space, including parklands, beaches, and playgrounds, as integral to the design.

Work on Burswood Point is already well underway, with $80 million spent on site preparation, including new infrastructure and roadworks.

Approvals for the precinct plan and initial construction have been secured, with further development applications for additional towers in progress.&nbsp;

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The first homes and apartments at its first stage, Somerset, launched to the market earlier this year. There has been a strong take-up for the 95 one, two, three and four-bedroom apartments spread across two towers, known as Somerset East and Somerset West.

Also released has been a handful of&nbsp;three-level, green-title homes that will include luxury features such as elevators, making them particularly appealing to downsizers seeking long-term living solutions.

Residents will also have access to a range of amenities, including a 25-meter lap infinity pool, gym, sauna, and residents' dining areas.&nbsp;

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The first stage of Burswood Point will feature a mix of retail and commercial spaces like a café and grocery store.

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The first homes and apartments at its first stage, Somerset, launched to the market earlier this year

Perth’s Burswood Point wins prestigious Best Mixed-Use Development award

Due to unique circumstances surrounding the release of The Grand Residences Eastlakes apartments, there is now a rare opportunity for home buyers and investors to secure a foothold in Sydney’s coveted Eastern Suburbs property market.

Located above the Eastlakes Shopping Centre on Evans Avenue, these apartments were developed by the renowned Crown Group, which initially retained around one-third of the units following their off the plan and post-completion sales campaigns.

However, after a shareholder dispute led to Crown Group entering provisional liquidation in August 2023, the remaining apartments have been re-released to the market at a price point that is unmatched in the new apartment market of the Eastern Suburbs.

The final selection of apartments is available, offering one, two, and three-bedroom units ranging from $745,000 to $1,675,000.

<h2>Receiver Warranty Bonus</h2>

A key advantage for buyers is that, as part of the receiver sale, all apartments at The Grand Residences Eastlakes come with an extended warranty.

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In a typical direct purchase from a developer, buyers usually have a 90-day window to identify any defects in the apartment. However, under the current arrangement with BDO, new buyers will receive an extended warranty that covers them from the settlement date through to June 30, 2025.

The warranty covers all internal fixtures and fittings, including light fittings, taps, carpets, joinery, and other details, for all available apartments, including those that have previously been rented.

<h2>Value Proposition</h2>

There are no true comparable apartments in Eastlakes, or even the surrounding suburbs, that match the quality, design, and finishes found at <a href="https://www.urban.com.au/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a>. Completed as Crown Group’s final development, these apartments set a new benchmark for luxury in the area.

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<a href="https://www.urban.com.au/developers/crown-group">Crown Group</a> has long been synonymous with exceptional quality, having delivered iconic projects such as Arc by Crown in the Sydney CBD, Infinity Square at Green Square, and Waterfall by Crown in Sydney—all of which have earned multiple industry awards over the years.

The Grand Residences feature spacious floorplans, floor-to-ceiling glass doors that open onto large balconies, and kitchens equipped with high-end SMEG appliances and sleek stone island benches in the larger apartments.

<h2>Location &amp; Amenities</h2>

In true Crown Group style, the amenities at The Grand Residences are a standout feature, with the 25-metre heated pool serving as the centrepiece. Additional highlights include a well-equipped gym, an impressive rooftop deck with alfresco dining areas, built-in barbecue facilities, and a TV zone. From the rooftop, residents can enjoy expansive views back towards the city.

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Each apartment comes with secure parking, and select units feature separate studies, catering to the diverse needs of buyers. Strategically located for easy access to Sydney’s CBD, popular beaches, and key amenities, The Grand Residences is positioned at the edge of the city’s thriving inner-east, close to vibrant neighbourhoods like Rosebery and Alexandria. The surrounding area offers a dynamic mix of cultural attractions, including the renowned Cannery café and dining precinct, along with supermarkets, specialty stores, and essential services.

Since its launch, the development has attracted steady interest from first home buyers, downsizers, and investors, drawn to the area’s strong rental yields and growing property values.

As the final apartments are sold, <a href="https://www.urban.com.au/project-marketer/mcgrath-projects">McGrath Projects</a> and Crown Property Agency are overseeing the sell-down process, with several fully furnished display units now available for viewing.

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Under the current arrangement with BDO, new buyers will receive an extended warranty that covers them from the settlement date through to June 30, 2025

Postcode	Suburb	Median weekly asking rent for units
4000	BRISBANE CITY	$600
4006	NEWSTEAD	$500
4101	SOUTH BRISBANE	$490
4101	WEST END	$485
4102	WOOLLOONGABBA	$455
4006	FORTITUDE VALLEY	$450
4000	SPRING HILL	$445
4059	KELVIN GROVE	$420
4101	HIGHGATE HILL	$420
4169	KANGAROO POINT	$410

Top 10 most expensive inner-Brisbane suburbs for unit rentals: RP Data

Cassidy Knowlton

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