The luxury Gold Coast tower La Mer at Main Beach is set to relaunch, with a new developer and builder driving the project forward, offering rare full-floor beachside apartments on Main Beach Parade.

Developer ODUS is teaming up with builder Nazero to deliver the $140 million, 27-level development at 3580 Main Beach Parade. They started the build of the tower in July, and are expecting the tower to complete in late 2026.

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Designed by Plus Architecture, <a href="https://www.urban.com.au/new-apartments/la-mer">La Mer</a> will feature 22 premium three-bedroom plus multipurpose room apartments, each spanning 300 sqm and taking in views of the beach, Broadwater, and <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> skyline.

The two-level penthouse will have four bedrooms across 600 sqm.

Residents will have exclusive access to a resort-style pool, spa, gym, sauna, barbeque facilities, private sun lounges, yoga lawn, and an outdoor beach shower.

Prices will start from $3.9 million.

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The release comes after new research by Colliers which revealed a 30 per cent supply gap for ultra-luxury apartments on the Gold Coast.

ODUS Director Byron Sakha said La Mer was the latest evolution of the exclusive, laid-back <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a> village, one of the Gold Coast’s most highly sought-after addresses.

“Every apartment in La Mer has house-sized proportions and incredible views—not to mention a location in one of the city’s best postcodes,” Sakha said. 
 
“Demand continues to outstrip supply for ultra-luxury apartments on the Gold Coast, and the rare full-floor design will make these residences particularly prized."

Sakha said the team has "elevated every aspect of the development", reconfiguring layouts to make better use of the panoramic views and upgrading the finishes with&nbsp;natural stone and premium Gaggenau appliances.

“Additionally, we've reimagined the resident amenities, introducing a spa, sauna, an expanded gym, and a larger recreation deck, ensuring a level of sophistication and comfort that sets a new benchmark for coastal living."

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Sakha said the partnership was quick to secure the site when the opportunity presented and had already secured funding, meaning construction is powering ahead.

Developer <a href="https://www.urban.com.au/developers/odus">ODUS</a> is directed by Sakha—who also runs one of Australasia's largest coaching institutes, Jarrod Younan and Sebastian Younan. The Younans also head builder Nazero.

Together, the trio have a track record of delivering more than $500 million of boutique apartments and luxury homes over two decades.

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OTP Group Director James Elliott, who is managing the project’s sales, said La Mer would appeal to buyers from across the Eastern seaboard.

“We’re anticipating interest from Gold Coasters rightsizing from a large family home to an expansive, low maintenance apartment for the lifestyle—in easy reach of cafes, restaurants, the beach, Broadwater, and entertainment,” Elliot said said.

“We also see holidaymakers from <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a>, <a href="https://www.urban.com.au/developments/sydney-nsw">Sydney</a>, and Melbourne, who are seeking a permanent Gold Coast residence, and lifestyle purchasers buying now to relocate in future, among prospective buyers.”

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ODUS Director Byron Sakha said La Mer was the latest evolution of the exclusive, laid-back Main Beach village, one of the Gold Coast’s most highly sought-after addresses.

Joel Robinson

La Mer, luxury Main Beach apartment development, comes back to the market

The Gold Coast new development space hasn't seen a project like Capri in years.

While most developers are building upwards in response to the evolving <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> skyline, <a href="https://www.urban.com.au/developers/monaco-property-group">Monaco Property Group</a> has taken a different approach, opting to create a private, gated community featuring 48 villa-like townhouses.

What makes Capri so rare is the land and the location. Indeed <a href="https://www.urban.com.au/new-townhouses/capri-81-salerno-street-isle-of-capri">Capri</a> represents the first major-scale development on the <a href="https://www.urban.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a> in three decades.

While tower developers can typically build on plots of 1,000 sqm or less, Capri spans around 12,000 sqm, an exceptionally rare landholding in the Gold Coast property market, especially in such a prime location near the best parts of the coast.

We recently spoke with the team delivering Capri to find out more.

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“<a href="https://www.urban.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a> is extremely well located on the Gold Coast,” Monaco Property Group Managing Director, Jonathan Grasso, says.

“It offers all the benefits of connectivity but also has very good access points, whether heading to Surfers Paradise or the Bundall precinct.”&nbsp;

The gated community has been carefully designed with downsizers in mind, offering three-bedroom villas just 800 metres from the cafes, restaurants and shops at <a href="https://www.urban.com.au/new-townhouses/capri-81-salerno-street-isle-of-capri">Capri</a> on Via Roma.

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&nbsp;

&nbsp;

<a href="https://www.urban.com.au/project-marketer/new-property-agent-qld-npa">NPA Projects</a>&nbsp;Director Andrew Erwin&nbsp;highlighted the community-centric amenities of Capri, cleverly positioned at the heart of the community. The facilities will comprise a resort-style swimming pool,&nbsp;sun deck, covered entertaining area and BBQ pavilion and residents' lounge complete with built-in bar and fully equipped kitchen.

"Capri will have a strong community focus, whether it's through shared travel, local activities, or simply connecting with neighbors who share common interests," Erwin said.

“It suits people looking for a little bit more variation in their lifestyle."

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Capri is currently under construction under the watchful eye of reputable Gold Coast builder <a href="https://www.urban.com.au/builders/greyburn">Greyburn</a>.

Managing Director John Kearney said everything about the development is best in class.

“There wasn’t going to be one stone left unturned on this project,” Kearney said.

“From the best trades to the best supplies and supervision, every detail has been meticulously considered.”

Capri is set to be completed in four stages, with the first residents expected to move in by mid-2025.

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Capri is set to be completed in four stages, with the first residents expected to move in by mid-2025

Inside the Capri villas: A development not seen in three decades, and likely never again

Design-led property developer Orchard Piper, together with partner, The Carter Group, has unveiled an exclusive collection of branded residences on St Kilda Road.

The 54 apartments form part of the partners’ landmark $300 million mixed-use development,&nbsp;<a href="https://www.urban.com.au/new-apartments/the-carter-building-448-st-kilda-road-melbourne">The Carter Building</a>, which will also feature a boutique 107-key hotel, pool, gym, and significant spa facility.

The project offers two expansive penthouses and a range of spacious one, two, and three-bedroom residences, with prices starting from $850,000. Residents will enjoy unparalleled access to on-site services and amenities through the integrated five-star hotel.

<img alt="Orchard" data-entity-type="file" data-entity-uuid="1d282c22-f549-4222-96bc-5fe341fc1a1e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-29%20at%2010.59.31%E2%80%AFAM.png?VersionId=0o8.5JzdC2R3M7pznmk4uXlT1xIRr74X" />

Orchard Piper Director Luke McKie said the goal was to create a lifestyle that seamlessly blends the privacy of a premium residence with the convenience of a five-star hotel.

"Using insights from our existing customers, we’re providing a very deliverable service offering to include everything from concierge and valet parking to housekeeping and room service, so residents can experience a low maintenance lifestyle of complete convenience."

The building has been designed by internationally acclaimed Kerry Hill Architects (KHA) who are renowned for their work with Aman Hotels.

Residences feature floor-to-ceiling windows that provide panoramic views of the tree-lined St Kilda Road. Interiors are inspired by a natural palette, with tones and materials familiar to Melburnians.

<img alt="Orchard" data-entity-type="file" data-entity-uuid="408bdf9d-fbce-46a2-9648-6aa73442830b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-29%20at%2010.59.36%E2%80%AFAM.png?VersionId=g91wZznosxB2KOO9cQSFr08pjpZApv_q" />

The Carter Building amenities include a mezzanine restaurant and bar, café and state-of-the-art wellness facilities with a pool, sauna and fully equipped gym.

The project reflects Orchard Piper and The Carter Group’s confidence in the revitalisation of St Kilda Road, following the post-COVID shift away from the office market. With the anticipated opening of the Anzac Station, the area is experiencing renewed interest, positioning it as a thriving residential and lifestyle destination.

“Partnering with The Carter Group has allowed us to realise our long-term vision for this iconic site," Orchard Piper Director Rick Gronow said.

"The Carter Building will play a key role in the revitalisation of St Kilda Road, bringing renewed vibrancy to this iconic boulevard and building upon its status as a premier residential precinct."

<img alt="Carter Building" data-entity-type="file" data-entity-uuid="51536375-2660-4e80-b81c-c06fddae7a3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-29%20at%2011.00.19%E2%80%AFAM.png?VersionId=jzM2ZcnyiZspcC5wTEt65aEaFnE1L5W8" />

KHA Director Patrick Kosky said the design for The Carter Building responds to the greater urban fabric and scale of the city, featuring deep facades to manage solar exposure while still allowing natural light and warmth to penetrate the interiors.

The building's&nbsp;saw-cut bluestone façade pays homage to nearby landmarks, including the National Gallery of Victoria, the Victoria Barracks and Melbourne Grammar School.

<img alt="Carter" data-entity-type="file" data-entity-uuid="168988d5-bde8-4df1-bb3d-37c31da0701e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-29%20at%2011.00.57%E2%80%AFAM.png?VersionId=zu8PIeSq21Q0b5SsNRSTL.ICb6sOstF." />

Construction of The Carter Building is set to commence in mid-2025, bringing Orchard Piper's development portfolio to over $1.1 billion.

The company is in advanced negotiations with international five-star operators for both the hotel and day spa, with formal announcements pending.

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Orchard Piper Director Luke McKie said the goal was to create a lifestyle that seamlessly blends the privacy of a premium residence with the convenience of a five-star hotel

Orchard Piper unveils St Kilda Road apartment-hotel tower, The Carter Building

<a href="https://www.urban.com.au/developers/m3-group">M3 Group</a> is building a reputation as one of the premier, boutique, townhouse developers in the northern areas of Melbourne.

Following on from its successful completion of a trio of townhouse developments in Reservoir, the all-in-one developer, builder and designer has moved south to <a href="https://www.urban.com.au/developments/preston-vic-3072">Preston</a>, where it is <a href="https://www.urban.com.au/new-townhouses/23-sussex-st-preston-by-m3-group-23-sussex-preston-vic-3072">creating another four townhouses</a> with a distinct architectural design.

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Location has always been paramount for M3 Group given the demographic of either downsizers or young families they develop for. They settled on a site on<a href="https://www.urban.com.au/new-townhouses/23-sussex-st-preston-by-m3-group-23-sussex-preston-vic-3072">&nbsp;Sussex Street</a>, just off Dundas Street and near the Preston Activity Centre.

High Street, just a short walk away, is a lively hub featuring an eclectic mix of cafes, restaurants, and boutique shops, making it a popular destination for locals.&nbsp;

Preston Market, another nearby attraction, is well-regarded for its wide selection of fresh produce and specialty foods, serving as a convenient spot for weekend grocery shopping or a casual lunch.

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For those who enjoy outdoor activities, the townhouses are close to several green spaces including the Darebin Creek Trail and Sir Douglas Bader Park, offering scenic routes for walking, cycling, and enjoying nature.&nbsp;

The nearby Northcote Aquatic and Recreation Centre and local golf courses further enhance the area's appeal for sports and fitness enthusiasts.

Families who intend to call 23 Sussex Street home will also benefit from nearby educational institutions including Preston South Primary School, Preston High School, and La Trobe University, providing quality education options for children of all ages.

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Preston is well-connected by public transport, with multiple tram and train routes offering easy access to Melbourne's CBD and other parts of the city.

23 Sussex Street is located between Bell and Thornbury Station, 15 minutes away by bus.

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M3 Group, founded three decades ago by the Mancuso family and still operated by them today, will start construction at 23 Sussex Street soon.

23 Sussex presents a rare opportunity to secure a townhouse in a suburb predominantly characterised by single dwellings. Only 25 per cent of houses in Preston are townhouses, according to the latest census.

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Location has always been paramount for M3 Group given the demographic of either downsizers or young families they develop for

The strategic advantage of 23 Sussex St: M3 Group’s focus on location for new Preston townhouse development

Boutique apartment developer&nbsp;Alroe&nbsp;is currently delivering the most luxurious apartment project in <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a> right now.

Different to what would be classed as a typical apartment development, the residences at Lune have been designed to be more like exclusive villas, with just six apartments in the building, located on the fringe of Broadwater and only a short walk from Tedder Avenue.

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<a href="https://www.urban.com.au/new-apartments/lune-main-beach-19-21-rankin-parade-main-beach-qld-4217">Lune</a> marks the latest milestone in Alroe’s reputation as a leader in low-density developments. With over 13 years of experience across South East Queensland, <a href="https://www.urban.com.au/developers/alroe-constructions">Alroe</a> has delivered exceptional homes under its own brand, as well as for other developers, through its in-house construction arm, Alroe Constructions.

We recently visited the Lune site and spoke with Tye Alroe about the project, alongside <a href="https://www.urban.com.au/project-marketer/new-property-agent-qld-npa">NPA Projects</a> Director Andrew Erwin, who is overseeing the sales and marketing of the apartments.

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“We designed this architectural building to truly bring the outside in,” Alroe said, adding that the structure's half-moon design was inspired by the ebb and flow of the tides in Main Beach.

The apartments at Lune start from nearly 300 sqm and each have three bedrooms, three and a half bathrooms, and three parking spaces.

Both of the ground-level apartments, and the two two-level penthouses, each have their own private swimming pools.

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Andrew Erwin says&nbsp;Lune delivers exactly what the Main Beach market has been seeking.

“Main Beach is evolving into a luxury destination with a growing demand for boutique, high-quality residences like these,” Erwin explained.&nbsp;

&nbsp;

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Construction is well underway, with the building set to top out by Christmas 2024 and handovers expected by mid-2025.&nbsp;

Not since The Monaco, which all-but sold out several years ago, has there been an opportunity to buy something of this luxury and scale in Main Beach.

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Andrew Erwin says Lune delivers exactly what the Main Beach market has been seeking.

"Exactly what the market has been seeking": Inside Lune Main Beach, the epitome of luxury living in Main Beach

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Urban Editorial

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

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The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

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The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

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The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

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Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

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<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

A number of people ask - what is the settlement process when buying off the plan property?

The simple answer is that the process is one part of the off the plan buying journey that isn't too dissimilar to buying in the established market.

The major difference is the time from exchange to settlement, given the off the plan property isn't built yet. The standard settlement for established property is around six to eight weeks.

This however has a number of pros for off the plan buyers.

One of the biggest is that the price paid for the property at the time of exchange doesn't change. Even if the value of the apartment has risen during construction, buyers will still settle on their apartments at the same price agreed.

The settlement date will be forecasted in the contract, as to when the developer believes the building will be complete, and the certificate of occupancy is obtained. Then settlement can start to occur and buyers can move in.

The settlement date forecast is another pro for buyers. While this date can chop and change due to a number of reasons, least of all delays in construction, labour, and materials, it gives the buyer a ballpark future date where they need to have their finances in shape to settle.

By paying a deposit you lock in that price, and you might not be required to pay the rest of the deposit for two or three years, if the construction timeline is that far away. This allows buyers years to save up the rest of the money while their yet-to-be-built property potential grows in value.

The settlement date estimate also puts a time limit on buyers as to when they should either vacate their current rental, or put the wheels in motion to sell their current home.

If you're thinking of purchasing an off the plan apartment, it's a good idea to speak to a conveyancer or solicitor who can advise you on the settlement process and help ensure that everything goes smoothly.

A number of people ask - what is the settlement process when buying off the plan property?

Off the plan property settlement - how does it work?

Arguably floor plans matter more in off the plan property than any other type of property.

In established markets, the floorplan is the floor plan. That's it, barring renovations.

But in the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers when discussing buying an off the plan property.

First there's the floor plan size.

Floor plan sizes advertised by agents or developers can differ hugely state by state, so it's important to understand whether you are being pitched a property's internal size, or total size.

Internal size is the measurement of the internal floor area of an apartment, and is typically measured in square metres (m²). External size is the measurement of the external dimensions of an apartment, be it a courtyard or a balcony, but sometimes it can include a parking space or storage cage.

Generally, off the plan apartments are advertised with their internal size, as this is the size that you will have to work with when furnishing and decorating your new home. It's important to be aware of external size, however, as this will give you an indication of the overall size of the building and how much outdoor space you will have access to.

When considering internal vs external size, it's important to keep in mind that internal size may vary slightly from the advertised size due to the internal walls of the apartment. External size, on the other hand, is usually accurate to the advertised size as it's based on the overall dimensions of the building.

Another thing to consider when analyzing floor plans in off the plan property is that floor plans aren't necessarily set.

The majority of developers, providing construction is still at its early stages, will allow buyers to customize their floor plan to suit their lifestyle.

It might be that you want to move a bedroom or bathroom, or re-orientate the living area. This generally isn't a problem for developers as long as the moving of internal walls doesn't impact the building structurally, and the redesign all occurs within the same floor plate size of the original apartment.

In the off the plan market, there a number of factors to consider when analyzing floor plans, and a number of questions to ask agents and developers

How to read a floor plan, what questions to ask, and why it's important for off the plan property buyers

Penthouses and Surry Hills/Redfern don't often go hand in hand.

The predominantly low-rise, inner-city suburbs, starved of new apartment development in the last decade, haven't witnessed true penthouse living like some of its neighbouring suburbs. Until now.

Builder developer TOGA recently drew back the curtain on&nbsp;<a href="https://www.urban.com.au/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a>, the redevelopment of the former 'Murder Mall' on the fringe of Redfern and Surry Hills.

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They strategically kept one penthouse until completion, but that's already been snapped.

The buyer has likely paid a price that would be toward the top of the record books in both Surry Hills and Redfern, given the three-bedroom penthouse was being offered with expressions of interest above $7.5 million.

<a href="https://www.urban.com.au/architects/sjb-architects">SJB</a> Director Adam Haddow took inspiration from his&nbsp;own award-winning Redfern residence when designing the penthouses at Surry Hills Village.

"The open living and garden courtyards, the framing of the views, privacy without fences… all these features draw on my investigations in creating my own home," Haddow said.

The idea was to create a peaceful retreat, something rarely found in the inner city.

The penthouse features a main terrace area, designed for alfresco dining, a striking kitchen with a scullery, marble island and integrated Sub-Zero Wolf appliances, and a custom bar area concealed behind leather-bound joinery doors, fitted with display shelving and a Sub-Zero wine fridge.

<img alt="TOGA" data-entity-type="file" data-entity-uuid="75d33db0-fea8-44a1-aeb6-7ebfcd46da7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-25%20at%202.00.12%E2%80%AFPM.png?VersionId=wjeV.xzOtbmNzqfzBtyYCXZyQ3xoXd7v" />

The recent completion of Surry Hills Village marks an eight-year journey for TOGA, who bought the former shopping centre way back in 2016.

Understanding the importance of the development given its prime position between two of Sydney's most popular suburbs, and at the end of Crown Street, Sydneysiders' go-to street for hospitality, TOGA knew they had to create something that befitted its location.

As well as the 122 apartments, Surry Hills Village is also home to Wunderlich Lane,&nbsp;designed as a lifestyle destination with 25 hospitality venues, markets, boutique retail stores, and creative workspaces.&nbsp;

Wunderlich Lane is already thriving, with several operators already having opened their doors.

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Coles, Vintage Cellars, Harris Farm, QMan Barber, Blooms The Chemist and Beyond Eyecare have now opened, and they will soon be joined by Lumi Dining Group, House Made Hospitality and Olympus Dining (by the Apollo Group). The precinct opens in stages until autumn next year.

TOGA is selling the final two and three-bedroom apartments in the building that is already proving to be a landmark for both residents and visitors.

[smartcode_project_cta:default project_id=9302]

SJB Director Adam Haddow took inspiration from his own award-winning Redfern residence when designing the penthouses at Surry Hills Village.

Surry Hills Village penthouse sells for near-suburb record

The first release of Mirvac’s luxury Harbourside Residences in Sydney’s Darling Harbour has sold out, resulting in a fast track of the second release to the market.

They've secured over $600 million of pre-sales, a record for Mirvac.Over 140 apartments have been conditionally sold to local buyers with sold prices ranging from just over $1.7 million to $25 million.

The sales launch for the 48-level luxury residential tower, a redevelopment of the former Harbourside shopping centre, saw a strong response from a diverse range of buyers including downsizers, families and couples from the local market, including the inner west, north west, eastern suburbs, and north shore of Sydney. There were also some interstate buyers.

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Stuart Penklis, Mirvac's CEO of Development, said there was unprecedented demand from discerning buyers who recognise the unique opportunity Harbourside presents, driving what he believes is an Australian real estate pre-sales record.

“The exceptional level of amenity we're offering is unparalleled, reflecting our understanding of what luxury buyers desire," Penklis says.

"In creating Harbourside, we're drawing on over 50 years of experience in design excellence, development, and construction to Mirvac’s exacting standards. Our customers know and trust the Mirvac brand and our commitment to delivering the highest quality.

“With the success of the first two sales releases this weekend, we are looking forward to releasing future stages progressively through delivery, with construction completion anticipated in late 2027."

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Harbourside Residences will include 263 apartments and feature an entire floor of high-end, resort-style amenity including an outdoor infinity pool with cabanas, a landscaped terrace and yoga/pilates space, indoor lap pool and spa, plus wellness facilities including steam room and sauna. There's also a range of private indoor facilities including a lounge, dining room with kitchen, cinema, and double-storey golf simulator.

Over 40 per cent of new Harbourside owners were repeat Mirvac customers.

“We were delighted to see so many familiar faces at this launch,” Penklis said.

“In the lead up to the VIP sales launch, we offered our valued customers exclusive previews of Harbourside at our state-of-the-art display suite, and their enthusiasm was overwhelming.”

The strong local buyer profile highlights the significant appeal of Harbourside's prime location and its promise of an exceptional lifestyle on Sydney's iconic waterfront, within a fully revitalised Darling Harbour.

“Many customers have shared a strong emotional connection to Harbourside, sharing nostalgic stories whether it be a visit as a child or a fond memory of their experiences at Harbourside with their family,” Penklis added.

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Mirvac’s wider $2 billion Harbourside precinct revitalisation will deliver over 10,000 sqm of public open space, including a new waterfront promenade and new 3,500 sqm waterfront park; pedestrian connections to Pyrmont and the waterfront including $50 million in public domain funding; and $7 million in public art and activation.

The precinct will have diverse retail offerings, including restaurants, national and international retailers, integrating and activating the public spaces.

“Bringing a complex, mixed-use project like Harbourside to life requires the expertise of an integrated property group. Our integrated approach enables us to seamlessly manage every aspect of the project, from initial planning and design to construction and delivery."

Harbourside Residences will comprises 263 one, two, three, and four-bedroom apartments across 48 levels, including three penthouses and three sub penthouses.

Harbourside Residences will be fully electric with rooftop solar panels, targeting a 5 star Green Star Buildings rating, 7 star NaTHers minimum average, 40 BASIX for Water and 25 BASIX for energy. The Harbourside precinct will feature 6,000 sqm of green roofs, in addition to the public domain and the planting of over 100,000 plants on a site that previously had no green landscape spaces.

[smartcode_project_cta:default project_id=141327]

Harbourside Residences will include 263 apartments and feature an entire floor of resort-style amenity including an outdoor infinity pool with cabanas, a landscaped terrace and yoga/pilates space, indoor lap pool and spa, plus wellness facilities including steam room and sauna

Mirvac sell out first stage of Harbourside Residences as sales reach $25 million

Mermaid Beach has grown exponentially in recent years to become one of the most sought-after, but also tightly held, suburbs on the Gold Coast.

Beachfront mansions on Hedges Avenue grab the headlines, selling for well in-excess of $20 million on most occasions.

Apartment development in the area has been less than frequent than big-ticket sales, given the scarcity, and cost, of land.

Family-owned developer <a href="https://www.urban.com.au/developers/niecon">Niecon</a> has a long history in the industry, dating back to the 1990s when patriarch Con Nikiforides, who passed away in 2017, developed the former Niecon Plaza in Broadbeach. Today, they are one of the few developers to have successfully undertaken projects in <a href="https://www.urban.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a> in recent years.

Earlier this year they completed the 47-apartment <a href="https://www.urban.com.au/buildings/ventura-residences-mermaid-beach-48-ventura-road-mermaid-beach">Ventura Residences</a>, just 250 metres from the beach.

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Only one apartment remains, and given its unique design, it is likely to be replicated in Mermaid Beach in a hurry.

The two-level apartment has been cleverly positioned not on the top level, where most developers position their more premium, multi-level apartments, but on the ground level, so it can have a full garden.

The apartment combines the privacy and size of a house with the convenience of a communal rooftop pool, low maintenance of an apartment, and a stone's throw from the beach.

[smartcode_project:default project_id=108737 project_image_fid=303811]

It has four bedrooms, 3.5 bathrooms, and two private car spaces. Future-proofed for any generation, the two levels are connected both by stairs and an internal private elevator.

The master suite spans half a floor, featuring a walk-in robe, an ensuite, and large windows that offer views of the adjacent park.&nbsp;

The marble kitchen is equipped with Miele appliances and a butler’s pantry. It adjoins a dining area and a bar, which features a Vintec wine fridge.

The open-plan living area is surrounded by a garden courtyard, with multiple spaces for alfresco dining and lounging.

[smartcode_project:default project_id=108737 project_image_fid=303812]

The buyer will have access to Ventura's full suite of amenities including a gym and a rooftop with a suspended waterfall pool, zen garden, yoga lawn, and alfresco dining area.

While the beach is just 300 metres to the east, even closer to the west is the&nbsp;Pacific Fair Shopping Centre, The Star Casino, and Broadbeach’s popular dining precinct.

Ventura Residences is complete and ready to move in.

[smartcode_project_cta:default project_id=108737]

The two-level apartment has been cleverly positioned not on the top level, where most developers position their more premium, multi-level apartments, but on the ground level, so it can have a full garden.

Rare two-level apartment on offer in the Gold Coast's premier suburb

Townhouses have emerged as an increasingly popular choice for homebuyers seeking a balance between the convenience of apartment living and the space of a standalone house.

Offering a unique blend of affordability, space, and privacy, townhouses are an ideal solution for those looking to bridge the gap between these two traditionally distinct property types. With their multi-level layouts, townhouses often feature larger living areas than apartments, while still being more affordable and manageable than detached homes, making them a sweet spot for many buyers in today’s competitive real estate market.

For upsizers, townhouses offer the opportunity to expand without stepping into the larger, more expensive realm of detached homes. Buyers with growing families or those who simply need more space often find townhouses an appealing option. With multiple bedrooms, additional living areas, and often private outdoor spaces, townhouses provide room to spread out while remaining in a desirable location. Many townhouses are situated in vibrant urban or suburban neighbourhoods, offering a balance of convenience and space that single-family homes may not always deliver.

At the same time, townhouses are equally attractive to downsizers looking to simplify their lives without sacrificing too much space or comfort. For empty-nesters or retirees who no longer need the upkeep of a large family home, townhouses offer an appealing compromise. They typically require less maintenance than a detached house but still provide ample space for comfortable living. Many townhouses also come with features like low-maintenance yards and modern amenities, making them an easy choice for those wanting to reduce their living footprint without feeling cramped.

Melbourne's inner west&nbsp;has become increasingly popular for townhouse development due to a combination of factors that make these areas highly appealing to both developers and buyers. As Melbourne continues to grow, the inner west offers a strategic location with easy access to the city’s CBD, making it an attractive option for those who want to live close to the action while still enjoying a more relaxed, suburban lifestyle.

One of the key reasons for the popularity of townhouse developments in these suburbs is the relatively affordable land prices compared to other inner-city areas. While the inner city and more established suburbs have seen significant price increases, the inner west still offers more value for money, making it an appealing area for both rightsizers and downsizers, and even first home buyers.

The inner west is also known for its vibrant community, rich culture, and proximity to local amenities, which further adds to the attractiveness of townhouse living. Suburbs like <a href="https://www.urban.com.au/developments/yarraville-vic-3013">Yarraville</a> and <a href="https://www.urban.com.au/developments/south-kingsville-vic-3015">South Kingsville</a> are popular for their charming local shops, cafes, restaurants, and strong sense of community, while <a href="https://www.urban.com.au/developments/altona-north-vic-3025">Altona North</a> has easy access to major shopping centres and transport links. These areas are also close to parks, schools, and recreational spaces, making them ideal for families, professionals, and retirees alike.

The area's ongoing gentrification is another contributing factor to the rise of townhouse developments. As these suburbs evolve, more young professionals and families are moving in, looking for modern, low-maintenance housing options that offer a mix of style, space, and convenience. With good public transport connections, proximity to major road networks, and the overall appeal of the local lifestyle, demand in Melbourne’s inner west isn't likely to abate.

Some of Australia's biggest developers have descended on Melbourne's inner west, further solidifying the view the area will continue to grow.

We've rounded up the top five townhouses currently being developed or recently completed in Melbourne's inner west.

<h2>Project:&nbsp;Bradmill, Yarraville</h2>

<h3>Location:&nbsp;355-359 Francis Street, Yarraville VIC 3013</h3>

<h3>Developer:&nbsp;Frasers Property Australia</h3>

National development giant&nbsp;<a href="https://www.urban.com.au/developers/frasers-property">Frasers</a>&nbsp;is producing one of the best townhouse communities in the inner west of Melbourne, focusing on sustainability and community.

[smartcode_project:default project_id=134727 project_image_fid=311277]

The <a href="https://www.urban.com.au/new-townhouses/bradmill-yarraville-355-359-francis-street-yarraville-vic-3013">Bradmill townhouses</a>, designed by renowned architecture firm Rothelowman, offer prospective buyers three or four bedrooms across two or three levels.

The all-electric townhouses, which have been given 6 Star Green Star Communities rating from the Green Building Council of Australia, have been strategically located in the wider masterplan that is becoming the central hub of the inner west.

[smartcode_project:default project_id=134727 project_image_fid=311178]

They neighbour the vast grounds of McIvor Reserve, and will be in walking distance of Bradmill Quarter, the proposed retail precinct spanning around 8,000 sqm that will home all the essentials services complemented by speciality shops and culinary delights.

The precinct will include a full-line supermarket, childcare and medical services alongside locally owned stores, eateries and conveniences. Biophilic design for retail spaces means locals and visitors will shop, dine and roam amidst green, healthy spaces.

[smartcode_project:default project_id=134727 project_image_fid=311275]

Bradmill is currently under construction. The townhouses will be completed toward the end of 2025.

<h2>What:&nbsp;The Fabric</h2>

<h3>Where:&nbsp;188-198 Blackshaws Road, Altona North VIC 3025</h3>

<h3>Who:&nbsp;Mirvac</h3>

Another national developer,&nbsp;<a href="https://www.urban.com.au/developers/mirvac">Mirvac</a>, has committed to development in the inner west.

Their masterplanned community,&nbsp;<a href="https://www.urban.com.au/new-townhouses/the-fabric-188-198-blackshaws-road-altona-north">The Fabric</a>, will be home to nearly 600 townhouses once completed, near Newport Station and supported by&nbsp;Patchwork Park &amp; The Cooks Patch resident kitchen garden facility.

There will be over three hectares of community open space in the fully electric community.

[smartcode_project:default project_id=22699 project_image_fid=186313]

The townhomes come in different configurations, Angora, Bedford, and Zephyr, catering to a range of lifestyles, with floorplans offering flexible living spaces, private gardens, and energy efficiency with solar panels powering the homes.&nbsp;

Townhouses in the Blackshaws Road developments have already been completed. The rest are slated for completion in mid-2025.

<h2>What:&nbsp;Haven, Altona North</h2>

<h3>Where:&nbsp;278-288 Blackshaws Road, Altona North VIC 3025</h3>

<h3>Who:&nbsp;Stockland</h3>

Yet another development giant,&nbsp;<a href="https://www.urban.com.au/developers/stockland">Stockland</a>, is creating a masterplan in the inner west.&nbsp;

Another in Altona North,&nbsp;<a href="https://www.urban.com.au/buildings/haven-altona-north-278-288-blackshaws-road-altona-north-vic-3025">Haven</a> comprises 289 townhomes in 13 unique styles.&nbsp;<a href="https://www.urban.com.au/architects/sjb-architects">SJB Architects</a>&nbsp;has designed the&nbsp;sustainable two, three, and four-bedroom townhomes, some of which are designed with a reverse layout, pushing the living areas to the top of the townhouse so they can capture better views compared to a traditional floorplan.

[smartcode_project:default project_id=29947 project_image_fid=225921]

Buyers benefit from industrially-inspired interiors, Fisher &amp; Paykel appliances, and access to a new central park and future planned amenities.

Haven is complete and ready to move in.

<h2>What:&nbsp;Kings Lane, Kingsville</h2>

<h3>Where:&nbsp;50-58 New Street, South Kingsville VIC 3015</h3>

<h3>Who:&nbsp;Blue Run</h3>

Boutique developer&nbsp;<a href="https://www.urban.com.au/developers/bluerun">Blue Run</a>&nbsp;recently released&nbsp;<a href="https://www.urban.com.au/new-townhouses/kings-lane-kingsville-56-new-street-south-kingsville-vic-3015">Kings Lane</a>, just&nbsp;25 three and four-bedroom townhouses designed by&nbsp;<a href="https://www.urban.com.au/architects/rothelowman">Rothelowman</a>.

Located just eight kilometres from Melbourne’s CBD on New Street, the townhouse offer a rare opportunity to buy three bedrooms under $1 million.

[smartcode_project:default project_id=145042 project_image_fid=279554]

With South Kingsville undergoing rapid transformation, the project benefits from proximity to emerging retail and hospitality spaces, including Union Quarter.&nbsp;

The townhomes are particularly aimed at young families and downsizers seeking more space closer to the city.

Currently under construction, townhouses at Kings Lane will complete in 2026.

<h2>What:&nbsp;South Kingsville Place</h2>

<h3>Where:&nbsp;79 Stephenson Street, South Kingsville VIC 3015</h3>

<h3>Who:&nbsp;Metro Property Group</h3>

Near Kings Lane is&nbsp;<a href="https://www.urban.com.au/new-townhouses/south-kingsville-place-79-stephenson-street-south-kingsville">South Kingsville Place</a>&nbsp;by Metro Property Group, uniquely designed by&nbsp;<a href="https://www.urban.com.au/architects/clarke-hopkins-clarke-0">ClarkeHopkinsClarke Architects</a>&nbsp;with industrial-inspired rooflines.

The two, three and four-bedroom homes integrate energy-efficient features such as solar panels, double-glazed windows, heat pump hot water systems, and EV chargers.&nbsp;

[smartcode_project:default project_id=142237 project_image_fid=235955]

Flexible layouts include downstairs rooms that can serve as home offices or guest bedrooms and large living areas that connect to outdoor spaces.

The neighbourhood includes pedestrian-friendly streets, tree-lined parks, and a coastal-inspired landscape by <a href="https://www.urban.com.au/landscape-architect/mdg-landscape-architects">MDG Landscape Architects</a>.

The townhouse start from under $900,000 and are expected to complete by the end of 2025.

Suburbs like Yarraville and Kingsville are popular for their charming local shops, cafes, restaurants, and strong sense of community, while Altona North has easy access to major shopping centres and transport links

Why Melbourne's inner west has become one of the most popular regions for new townhouses

Developer <a href="https://www.urban.com.au/developers/scion">Scion</a> and Ray White Wider Sydney welcomed prospective buyers to the VIP launch of Sterling, the new apartment development set to transform a quiet pocket in Lane Cove North.

A mix of local first home buyers, rightsizers and downsizers attended the event on site at 2 Merinda Street, with the building nearly finished by Scion's in-house construction team.

With one, two and three-bedroom apartments on offer, and prices starting from $750,000, Sterling has proved popular with the majority of buyer types.

<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/nn3F_lHHvUY?si=AK6SSzQU9sVY4PJi" title="YouTube video player" width="560"></iframe>

<a href="https://www.urban.com.au/new-apartments/sterling-lane-cove-north-2-merinda-street-lane-cove-north-nsw-2066">Sterling</a> is one of very few new developments in <a href="https://www.urban.com.au/developments/lane-cove-north-nsw-2066">Lane Cove North</a>. It comprises 50 apartments, just six apartments per floor, ensuring the development is in keeping with the privacy its location expects.

&nbsp;

Sterling is also the first development in the area to be protected with Resilience Insurance's Latent Defects Insurance, a first resort insurance policy that covers apartment buildings for structural defects for 10 years post-completion.

&nbsp;

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&nbsp;

Kitchens are equipped with integrated Miele ovens and cooktops and dishwashers by Fisher &amp; Paykel. The bathrooms feature rainfall showers and high-end fixtures and fittings.

All inclusions and designs go back to the project name, Sterling, reflective of the quality Scion is instilling across the whole of the development.

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&nbsp;

Open plan kitchen, living and dining spaces feature floor-to-ceiling windows to maximise natural light and offer views of the leafy surrounds and back to the Sydney CBD.

All apartments open onto either a garden courtyard, a balcony, or, for the upper-level apartments, expansive terraces that capture the best views.

[smartcode_project:default project_id=136108 project_image_fid=303420]

The development also offers communal amenities, including a rooftop entertaining area equipped with barbecue facilities — reinforcing the project’s focus on creating a lifestyle centred around both community and comfort.

Sterling’s location on Merinda Street places it in the heart of nature without sacrificing accessibility to urban amenities.

Residents will be positioned near Stringybark Creek and the endangered Blue Gum High Forest while benefiting from proximity to key hubs like Chatswood and Macquarie Park.

[smartcode_project:default project_id=136108 project_image_fid=303418]

Essential services and lifestyle destinations such as The Canopy community hub and major shopping centres are just a short drive away.&nbsp;

Scion has a solid reputation as a premium builder-developer across Sydney, with a string of projects completed and several in the pipeline.

Sterling will complete in early 2025, with buyers moving in shortly after.

[smartcode_project_cta:default project_id=136108]

Sterling’s location on Merinda Street places it in the heart of nature without sacrificing accessibility to urban amenities

Scion launches Sterling apartments in Lane Cove

Since the plans were established in 2014 to create the new Maroochydore CBD—transforming the former Horton Park Golf Course into a thriving greenfield city—both local and interstate investors have been drawn to the growing centre of the Sunshine Coast.

While holidaymakers argue Noosa is the heart of the Sunshine Coast, those seeking a city with strong employment opportunities and thriving sectors in education and healthcare are increasingly flocking to <a href="https://www.urban.com.au/developments/maroochydore-qld-4558">Maroochydore</a>.

The multi-billion dollar investment is turning what was once a retirement town into a thriving city with a self-sustaining economy.

Local property investor Andrew&nbsp;knew what the infrastructure pipeline for Maroochydore would do to the property market. Over the years he's secured four apartments with builder developer <a href="https://www.urban.com.au/developers/habitat-development-group">Habitat Development Group</a>, one of the biggest apartment developments on the Sunshine Coast for the last two decades.

First he bought two apartments in a previous development by Habitat. Now he has just settled on two more apartments in the newly completed <a href="https://www.urban.com.au/buildings/the-corso-maroochydore-20-south-sea-islander-way-maroochydore">The Corso</a>, one of only two new apartment developments in the evolving Maroochydore CBD.

"I am constantly staying up to date on the market, and looking for locations that are likely to outperform the greater market, plus of course developers who deliver value and a reliably good product," Andrew says.

"I have strong trust in <a href="https://www.urban.com.au/developers/habitat-development-group">Habitat Development Group</a>, and I believe Maroochydore will perform well in terms of capital growth and rental growth in the medium to long term."

Andrew secured a three-bedroom penthouse apartment in The Corso, driven by the high-end finishes, high ceilings which made it feel more like a house than an apartment, and the large floorplan on offer.

[smartcode_project:default project_id=100708 project_image_fid=294387]

Holding equal importance for Andrew as an investor are the facilities in the building

"Having amenity that will attract good quality tenants is one of the biggest drawcards to an apartment development," Andrew says, adding that the pool and lawn area, barbecue facilities, high-end private dining room, and work-from-home-space in The Corso would assist in securing great tenants.

He says that he always looks for locations with a&nbsp;high walkability score and significant amenity that is close.

"The Maroochydore CBD cannot be beaten in terms of its proximity to amenity and future government investment, and so the location really ticked all of my boxes."

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Ultimately however, it came down to the reputation of Habitat.

"There are always risks in buying off the plan, and that is why I am such a big believer in Habitat," Andrew says, noting that the way they operate with their inhouse construction arm should fill any prospective buyer with confidence in their apartments.

"Most developments have to sell 50 per cent or so of their development before a bank will lend them money to start building. Habitat is not one of these developers."

Andrew bought his apartments just as the project launched back in 2022. Since then, according to CoreLogic, the Sunshine Coast unit market has boomed nealy 18 per cent, taking the new median unit value to $859,000.

[smartcode_project:default project_id=100708 project_image_fid=291166]

Situated in the heart of the new Maroochydore CBD, The Corso comprises 158 apartments across two towers.&nbsp;

Only three-bedroom units, including a sub-penthouse and penthouse, remain on the market, with prices just below $1.7 million.&nbsp;

Andrew took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="https://expert-insights/buying/the-top-eight-considerations-when-buying-off-the-plan" target="">buying off the plan</a>&nbsp;property in Australia

[smartcode_project_cta:default project_id=100708]

Local property investor Andrew knew what the infrastructure pipeline for Maroochydore would do to the property market

Why a Maroochydore investor has bought four apartments with Habitat: Urban Buyer Q&A

The Grand Residences in Eastlakes has been the focal point of new development in the suburb since its completion in 2022.

No doubt the best apartment complex to be developed in Eastlakes, <a href="https://www.urban.com.au/buildings/the-grand-residences-eastlakes-16-evans-avenue-eastlakes">The Grand Residences</a> embody the connectivity of inner-city living, matched with the luxury finishes the Eastern Suburbs market expects.

We recently sat down with the team at McGrath Projects and Crown Property Agency to find out more about The Grand Residences, how it has shaped <a href="https://www.urban.com.au/developments/eastlakes-nsw-2018">Eastlakes</a> , and what buyers love about the new development.

<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/Btr0G2cpTJk?si=0seFuVBp8WQuWojB" title="YouTube video player" width="560"></iframe>

Crown Group completed The Grand Eastlakes in 2022 but kept a significant portion of the 133 apartments that were developed.&nbsp;

"We still have an amazing selection of apartments available, particularly one-bedroom apartments and sub-$1 million two-bedroom options, with prices starting at just $750,000," Adam Sparkes, Associate Director of <a href="https://www.urban.com.au/project-marketer/mcgrath-projects">McGrath Projects</a>, said.

"Many of our buyers have come from the immediate Eastlakes area, transitioning from older apartments that lack the modern floor plans, spatial planning, and amenities of a brand-new development."

The facilities, proximity to train and light rail stations, and immediate convenience of a Woolworths Metro downstairs, have too been key contributors to the successful relaunch of the project, developed by the respected Crown Group.

"I think the standout feature is the location of the project compared to others in the area," McGrath Projects agent Sam Noakes says.

"You’re a bit further from the main city, but still close enough to the airport, universities, and beaches."

The surrounding area is set for further growth, with plans for over 70 specialty stores and a medical centre across the road.

[smartcode_project_cta:default project_id=7652]

The facilities, proximity to train and light rail stations, and immediate convenience of a Woolworths Metro downstairs, have too been key contributors to the successful relaunch of the project, developed by the respected Crown Group

Inside The Grand Residences, Eastlakes: What the agents say

It takes a team to deliver a new apartment development, and experience across every stakeholder in the project counts for a lot in today's off the plan space.

Boutique developer <a href="https://www.urban.com.au/developers/sma-projects">SMA Projects</a> has had several key collaborators they have worked with going back decades.

Where some developers focus on volume, SMA has had a concentrated approach, predominantly in the mid-rise market, with a mix of new design with a heritage twist.

While working in the likes of Elwood, <a href="https://www.urban.com.au/developments/brunswick-vic-3056">Brunswick</a> and <a href="https://www.urban.com.au/developments/hawthorn-vic-3122">Hawthorn</a>, the majority of their craft has been applied within a few kilometres across Fitzroy and <a href="https://www.urban.com.au/developments/collingwood-vic-3066">Collingwood</a>.

Several developments they've undertaken have been in the adaptive reuse space, converting old buildings like breweries into striking residential developments that offer something far past the ordinary.

SMA Projects, led by Martin Strode, has had a long relationship with award-winning architecture firm Hayball Architects, another business well-versed in putting together design plans that incorporate heritage features.

The pair worked together on several developments before its flagship project, Yorkshire Brewery in Collingwood, which they completed in 2015. Soon followed the Lyric which sits prominently on the corner of Gore and Johnston Streets in Fitzroy capping off three developments now located in Gore Street, <a href="https://www.urban.com.au/developments/fitzroy-vic-3065">Fitzroy</a> all completed by SMA Projects.&nbsp;&nbsp;

The Lyric spans two sites, the Lyric Theatre, renowned as one of Melbourne's first theatres, and MacRobertson Chocolates. The grandeur and cinematic glamor of the site heavily informed the design. SMA and Hayball decided on keeping the original red brick facade from MacRobertson Chocolates factory to pay homage to the site's former life, also preserving the original pressed metal ceiling panels in the lobby.

When the opportunity arose to acquire the former site of The Regent Theatre in Fitzroy, it presented the opportunity to create something similar.

[smartcode_project:default project_id=24824 project_image_fid=304614]

While not adaptive re-use in its entirety given the site is now a low-rise commercial building after <a href="https://www.urban.com.au/new-apartments/the-regent-fitzroy-340-fitzroy-street-fitzroy-vic-3065">The Regent</a> was demolished in 1983, the brief was essentially to create a building that echoed The Regent's former life, but crafted in a way that focused on design principles that translated into elevated living.&nbsp;

A true Art Deco building in its design, with arched ceilings and period details throughout, The Regent will comprise just 65 one, two and three-bedroom apartments.

[smartcode_project:default project_id=24824 project_image_fid=304606]

SMA has brought on another industry stalwart, Studio Tate, to craft the interiors, offering buyers the choice of two distinct colour palettes; the light and airy Classic Collection, influenced by Nordic minimalism, or the Fitzroy-esque, more dramatic, Arthouse Collection.

Residents will also have access to a commanding rooftop terrace overlooking the city, a workshop, a dog wash, and even a guest suite, bookable for when friends and family come to stay.

[smartcode_project:default project_id=24824 project_image_fid=304613]

The Regent is the perfect example of why collaboration is of upmost importance in the new apartment development industry.

Those developers who can point to their former projects completed to a high level, not only by themselves, but the same team that is delivering the current one, stand in significantly better stead to deliver the future aspirations of those who seek out the same.&nbsp;

[smartcode_project_cta:default project_id=24824]

A true Art Deco building in its design, with arched ceilings and period details throughout, The Regent will comprise just 65 one, two and three-bedroom apartments

Why experience matters in off the plan apartment development

The Gold Coast new apartment market is showing no signs of slowing down.

The latest Colliers Market Overview for September revealed that the average price of a new apartment has surged to a new high of $1.77 million.

The latest price for the June quarter has risen from almost $1.4 million compared to the same period last year as the market continues to be driven higher by high demand and constrained supply, amid rising construction and debt costs.

However, Colliers says it’s not only buyers at the luxury end of the market that are feeling the price pinch as most houses on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> are currently selling between $1 million and $2 million – a massive increase over the past four years as the Gold Coast construction sector struggles to keep pace with interstate and intrastate migration.

“Apart from the record median price for new apartments, the key findings in our latest report reveal the dramatic price growth of residential property on the Gold Coast since the pandemic,” said Steven King, the Gold Coast Director in Charge at Colliers.

“Just a few short years ago, the dominant price bracket for house sales on the Gold Coast was between $400,000 and $700,000 whereas now it is $1 million to $2 million.

“Price growth has effectively been supercharged on the Gold Coast although we are now seeing affordability, particularly for homes, beginning to temper that growth.”

[smartcode_project:default project_id=107928 project_image_fid=234102]

The Colliers research reveals that Gold Coast home prices have increased 76 per cent since the pandemic in 2020 and 12 per cent in the 12 months to the end of June.

In 2024, houses that sold for $1 million or more accounted for 59 per cent of total sales, which is up from 18 per cent in 2020, as population growth intensified the pressure on prices. House sales above $2 million have increased their share of total transactions from 3 per cent to 13 per cent during the same period.&nbsp;

Apartment prices in general have also grown at a heady pace over the past four years - although not as quickly as houses - at 60 per cent to a median price of $761,000. Colliers points out that apartment prices on the Gold Coast are now comparable to house prices in 2020 and early 2021.

[smartcode_project:default project_id=113271 project_image_fid=290033]

“While the latest median price for new apartments of $1.77 million has been driven by sustained demand and limited supply at the top end of the market, it actually reflects what is happening across the broader property market on the Gold Coast,” King added.

“Certainly, prices at the very top have pushed new highs and clearly set this sector apart from the broader market, but it’s also a bellwether of where the Gold Coast market, in general, is heading as affordability issues hamper some sectors.

“For the moment, we are not seeing a lot of push-back from buyers at the premium end of the market but, if this sector of the market slows, we could expect this to eventually impact the broader market.”

[smartcode_project:default project_id=107928 project_image_fid=234096]

The Colliers report points out that the Gold Coast economy has grown strongly since the pandemic and so has its appeal that has led to more visitors, residents, and investors, who have supported the steady increase in property prices.&nbsp;

Migration has also driven a changing demographic on the Gold Coast since the pandemic, led by an influx of professionals and investors drawn to the region’s modern facilities and expanding infrastructure.

Colliers Residential Director David Higgins says rising&nbsp;costs are playing a part in overall price growth on the Gold Coast, but so is a shortfall in supply with the latest dwelling approvals showing the Gold Coast is failing to deliver enough homes to meet the targeted population growth of the next two decades.

Colliers notes that the rise in the median price for new apartments shows that underlying demand has yet to wane, which continues to support prices for available development sites, especially those in prime locations with protected view corridors that facilitate premium residential offerings.&nbsp;

“The values for these transactions have remained relatively stable while developers of premium boutique projects are passing on higher construction costs to buyers,” Higgins said.

Colliers says that luxury developments that command premiums are particularly attractive to downsizers by offering exclusivity, quality and prime locations.&nbsp;

The development of new apartments is currently focused on the central Gold Coast precinct, which comprises Southport, Surfers Paradise, and Broadbeach.

The June quarter saw 331 new apartment sales, with V&amp;A at Broadbeach and Imperial Square at Southport contributing nearly 50 per cent of these sales.&nbsp;

Colliers points out that the Gold Coast economy has grown strongly since the pandemic and so has its appeal that has led to more visitors, residents, and investors, who have supported the steady increase in property prices.

Gold Coast new apartment prices hit record high

Busy apartment developer Mosaic Property Group is going through its site acquisition phase, securing yet another development site on the Gold Coast.

Fresh off the back of buying prime sites in Broadbeach and Palm Beach, the <a href="https://www.urban.com.au/developers/mosaic-property-group">Brook Monahan-led developer</a> has purchased again, in an area they know all too well.

The site, at 166 The Esplanade, Burleigh Heads, will be their fifth project in the sought-after suburb. They've previously completed&nbsp;<a href="https://www.urban.com.au/new-apartments/grace-by-mosaic-4-second-avenue-burleigh-heads">Grace by Mosaic</a>&nbsp;(January 2023),&nbsp;Augusta by Mosaic,&nbsp;(August 2024), and&nbsp;<a href="https://www.urban.com.au/new-apartments/florence-by-mosaic-42-the-esplanade-burleigh-heads" target="_blank">Florence by Mosaic&nbsp;</a>(completed September 2024). Their fourth Burleigh Heads apartment development,&nbsp;<a href="https://mosaicproperty.com.au/buying/isabel-by-mosaic/" target="_blank">Isabel by Mosaic</a>, is due&nbsp;for completion mid-2026.

The new development will form part of Mosaic's Masterpiece Series, a collection of developments aimed at the premium end of the market.

EMK Architects has drawn up the plans for 28 half and full-floor apartments and skyhomes across a 17-level building,

The building will replace a 1970s block of 10 apartment on 1,012 sqm. GV Property Group's Antonio Mercuri amalgamted the site that has 20 metres of frontage to The Esplanade.

Last month Mosaic <a href="https://www.urban.com.au/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">filed plans for their fifth apartment development</a> in Broadbeach. The site, on Mary Avenue, also put together by GV Property Group, sits opposite the Broadbeach State School.

They're planning 59 apartments across a 38-level tower designed by Fraser &amp; Partners.

Mosaic is&nbsp;currently delivering sister towers&nbsp;<a href="https://www.urban.com.au/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a>&nbsp;and&nbsp;<a href="https://www.urban.com.au/new-apartments/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a>&nbsp;in the area, after previously completing Bela and Dawn nearby.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">First look exclusive: Mosaic file plans for fifth Broadbeach apartment development</a>

Mosaic's next Gold Coast development to hit the market will be <a href="https://www.urban.com.au/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">Sophia by Mosaic</a>&nbsp;at 1357 Gold Coast Highway, Palm Beach. That will have 32 apartments designed by bureau^proberts.

The developer is also busy in Brisbane, preparing to launch <a href="https://www.urban.com.au/new-apartments/the-bedford-by-mosaic-25-ferry-street-kangaroo-point">The Bedford by Mosaic</a>, a site bought from Woolworths' development arm Fabcot, who had secured approval for 128 apartments.

Mosaic tweaked the plans, dropping the one-bedroom apartments and increasing the number three and four-bedroom apartments which is more akin to their development ethos. They're keeping the full-line Woolworths at street level.

On the site purchase, Monahan emphasised the long-term significance of the acquisition.

"This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges," Monahan said.

"After a thorough 12-month process, we are honoured to have been entrusted by Woolworths to bring this landmark site to life. It is a truly special location."&nbsp;

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape.

"Our collaboration with Woolworths is rooted in a shared vision—to seamlessly integrate luxury living with retail convenience, ultimately enriching the lives of residents and the broader community."&nbsp;

The new development will form part of the Masterpiece Series, a collection of developments aimed at the premium end of the market.

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