Developer <a href="https://www.urban.com.au/developers/osk-property">OSK Property</a> has focused on creating a new apartment development where residents can do it all within their own new home.

BLVD in <a href="https://www.urban.com.au/developments/southbank-vic" target="">Southbank</a>, the latest stage of the $3 billion Melbourne Square masterplan, focuses on providing an unrivalled collection of facilities that help residents in fitness, wellness, and social interactions to improve their well-being.

<a href="https://www.urban.com.au/new-apartments/blvd-at-melbourne-square-19-hoff-boulevard-southbank">BLVD</a> is among the first residential projects in Australia registered to pursue WELL Certification, a performance-based system for measuring, certifying, and monitoring features of the built environment that impact human health and well-being.

“It’s rare to create a building designed today, delivering tomorrow’s living standards," COX Architecture Director, Paul Curry, says about the 74-level BLVD.

"A blueprint for modern life, BLVD is for you and your community to live well and foster better connections than ever before."

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BLVD has a significant level of amenity both indoor and outdoor.

The Level 8 Podium Club offers residents views across Melbourne, a state-of-the-art gym, a 25-metre indoor swimming pool, spa, and sauna.

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More entertainment and active spaces occupy two levels in BLVD, encompassing 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.

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The owners of the premium residences in BLVD have&nbsp;exclusive access to the Level 55 Skye Club that is home to another gym, cocktail lounge and 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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Various interest groups thrive within the building, from dog walking to personal training groups, games, book clubs, and a calendar of curated community events.

Residents can also build a genuine connection with many established groups that will thrive within the building community, from dog walking to personal training groups, games and book clubs, to enjoying future curated community resident events.

Multiplex has been <a href="https://www.urban.com.au/news/vic/osk-property-and-multiplex-break-ground-at-blvd-melbourne-square">signed on as the construction partner</a> for BLVD at <a href="https://www.urban.com.au/buildings/melbourne-square-93-119-kavanagh-street-southbank">Melbourne Square</a>. They've already broken ground, and are expecting to complete the tower in early 2027.

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Joel Robinson

BLVD in Southbank to pursue Australia's WELL Certification with string of apartment facilities

Lower North Shore developer&nbsp;Hyecorp has released its most luxury apartments in its under-construction St Leonards South development, Audrey.

Dubbed The Tiffany Collection, the luxury penthouses and subpenthouses will sit across the top three levels of the 15-level development on Canberra Avenue, opposite Newlands Park.

&nbsp;

Each of the eight, south-east facing exclusive residences spans around 155 sqm and features expansive living areas, enhanced by minimal shared walls and large floor-to-ceiling windows to ensure privacy and abundant natural light in every apartment.&nbsp;

&nbsp;

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The apartments in the Tiffany Collection have three bedrooms, two bathrooms, and a study, as well as a private two-car garage and a storage cage.

&nbsp;

The penthouses are designed with a focus on functionality and elegance, as seen in the kitchens, which are kitted out with integrated Miele appliances, stone benchtops, and extensive storage.

The bathrooms feature heated floors and fluted stand-alone baths.

&nbsp;

&nbsp;

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<a href="https://www.urban.com.au/developers/hyecorp-property-group">Hyecorp</a> has reserved a significant amount of space in the boutique building for amenity.

<a href="https://www.urban.com.au/new-apartments/audrey-st-leonards-13-19-canberra-avenue-st-leonards">Audrey</a> features an indoor lap pool, spa, personal training studio, private cinema, dining room, music room, and a rooftop terrace with barbecue facilities.

Audrey also provides practical services such as EV charging, car share options, an onsite café, and a daycare facility, underscoring Hyecorp's commitment to creating a holistic living environment.

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The location of Audrey, in the emerging&nbsp;<a href="https://www.urban.com.au/developments/st-leonards-nsw-2065">St Leonards</a>&nbsp;South precinct, places residents within easy reach of Newlands Park, shopping destinations, cafes, restaurants, and major transport links, including St Leonards Train Station and the upcoming Crows Nest Metro.&nbsp;

Audrey will home a total of 102 apartments, with local architecture group <a href="https://www.urban.com.au/architects/sjb-architects">SJB</a> handling the architecture.

Construction of Audrey kicked off just over 12 months ago, and buyers are expected to move in in mid-2025.

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The apartments in the Tiffany Collection have three bedrooms, two bathrooms, and a study, as well as a private two-car garage and a storage cage

Hyecorp reveal Tiffany Collection penthouses atop Audrey St Leonards

The Gold Coast is poised to deliver a bumper crop of new apartments in 2024, with 2,000 expected to be completed and settled during the year.

That may not be enough however, with recent data from Colliers suggesting even 2,000 won't be enough to meet the continued heightened demand for apartments on the <a href="https://www.urban.com.au/council/gold-coast">Gold Coast</a>.

The shortage has become so acute that Colliers’ research shows that the ‘housing crisis’ is also hitting the top end, with a 30 per cent supply gap for luxury apartments.

“Despite an estimated 2,000 apartments coming to completion later this year, it has to be remembered that the bulk of this supply has already been presold over the last three years,” said Colliers Residential Director David Higgins.

“The settlements this year are effectively the flow-on effect of a massive increase in buyer activity in 2021, but since then we have seen significant challenges for the high-rise sector that continues to keep supply well behind the demand curve. Buyers continue to flood the market competing for less available stock than this time last year.”

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Colliers has revealed that 1,157 new apartments sold off the plan in the past 12 months on the Gold Coast, leaving 1,401 apartments available for sale, or just over 12 months supply.

The pressure is being shared across all price points as supply at the end of the June quarter remained well below the 1,689 apartments for sale in the second quarter of 2023.

This led to a surge in the weighted average price for new apartments to $1.772 million in the first quarter of this year, the highest ever reported by Colliers.&nbsp;

The average price held its ground in the second quarter at $1.714 million and Colliers sees plenty of reason to expect the average price to hold r even go higher.

“We’re now seeing more apartments selling above $1 million than ever before and it’s evident that this is part of a changing dynamic for the Gold Coast market,” Higgins added.

“Over the last two years, 67 per cent of sales were priced at $1 million and over, but during the second quarter of this year 89 per cent of sales were $1 million and over.”

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While price gains have been driven in part by lagging supply, with Colliers estimating that the supply gap sits at 30 per cent even for the luxury end of the market, demand has remained elevated on the Gold Coast for some time. Colliers estimates that 30 per cent of all high value property transactions in Southeast Queensland last year occurred on the Gold Coast.

“Over the next decade, the stage is set for what we believe will be a transformative shift in luxury real estate on the Gold Coast with the critical force behind this being led by the baby boomer demographic,” Higgins said.

“These buyers, many of them downsizing, are investing their capital in luxury apartments and houses and frequently paying cash up front, without the need to secure finance to complete.

“Ultimately, this will continue to be driven by an estimated $272 billion inheritance windfall over the next decade as wealth begins to be transferred to the next generation.”

The latest research from Colliers into the apartment sector shows that the Gold Coast recorded total sales of 571 apartments for the first half of 2024, which is slightly above the 499 reported a year earlier.

The Gold Coast Central Precinct accounted for 89 per cent of sales during the second quarter 2024. This precinct also has the highest level of supply with 91 per cent of the 1,400 apartments remaining for sale on the Gold Coast.

The market is currently being led by experienced developers with most of the projects being launched and moving forward to construction being undertaken by those backed by a solid reputation of project delivery.

While there are about 5,650 new apartments under construction across the Gold Coast, only 31 per cent are expected to be completed this year and a further 36 per cent next year.

Colliers has revealed that 1,157 new apartments sold off the plan in the past 12 months on the Gold Coast, leaving 1,401 apartments available for sale, or just over 12 months supply

2,000 new Gold Coast apartments not enough to meet demand: Colliers

Developer James Place has set the Penrith apartment price record, selling one of its penthouses for $5.5 million in its new apartment development, Perle.

Perle,&nbsp;located in the emerging East Side Quarter (ESQ) neighbourhood of&nbsp;<a href="https://www.urban.com.au/developments/penrith-nsw-2750">Penrith</a>, comprises 173 apartments, penthouses and terraces, and is anchored by a 1000 sqm lakefront dining precinct.

The rooftop features an infinity pool, a state-of-the-art wellness centre, private gardens, a hotel-like concierge service, and a private dining room for residents.

Former Penrith Mayor and long-term Councillor, Tricia Hitchen, who has bought an apartment in Perle, says the $200 million development is "reshaping the Penrith community and changing the way in which we can live."

Perle is the fourth of five stages of the ESQ, following the sell out of the first three stages One Eastside, Aqua, and Eden.

Perle has been designed by&nbsp;<a href="https://www.urban.com.au/architects/turner-studio">Turner Studio</a> and <a href="https://www.urban.com.au/architects/bayley-ward">Bayley Ward</a>&nbsp;and offers one, two and three-bedroom apartments with balconies and terraces designed for outdoor dining.

<img alt="Penrith waterfront development Perle" data-entity-type="file" data-entity-uuid="599af40d-db14-483f-bbc5-3bd84df4ac9a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/James%20Place_Perle_The%20Residences.jpg?VersionId=ifLxop_gL75o_sBrCC6NKSXswTP1U9dc" />

The apartments are expected to attract interest from first home buyers, investors and downsizers who will have access to all that the project has to offer.

Andrew James, Founder and Managing Director of James Place Group, said James Place&nbsp;is committed to creating vibrant, mixed-use communities that redefine modern living.

"Our aim with Perle is to transform urban spaces into places that foster community connection, innovation, and well-being," James said.

"With its exceptional design, world-class amenities and a dedicated onsite team, Perle is set to become a landmark in Penrith, offering residents a unique lifestyle experience with everything on their doorstep. We hope to offer not just a place to live, but a vibrant neighbourhood that residents and the Penrith community can be proud of.”&nbsp;

Ahead of launch, James Place held an off-market tower release of 20 sky homes within the development called ‘The Residences’.

Designed to be personally customised for each purchaser, these properties also offer expansive wrap-around views, an entertaining bar, butlers’ kitchens and high-end V-ZUG appliances. All but three have been sold, with the largest penthouse purchased by a local businessman for a record $5.5 million.

Perle also houses ‘The Collection’ which features three townhouses and five rooftop penthouses.&nbsp;

<img alt="Penrith waterfront development Perle masterplan" data-entity-type="file" data-entity-uuid="94114fa0-7d8a-4f05-9a99-9c700a5d3758" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/James%20Place_Perle_A01_Aerial_Masterplan.jpg?VersionId=SYAHRP381tNgsnZHtwVJYozTfEOdoU_7" />

Perle is part of the larger ESQ master plan located on the Panthers precinct, which has been designed to enhance the quality of life for its residents and contribute positively to the community. Conceived by Cabe, the ESQ masterplan is already home for residents of the first two stages, One East Side and Aqua, and the third stage EDEN is currently under construction with Astina Group.&nbsp;

“The ESQ development is a project for the government to take note of," James added.

"It’s a case study for the delivery of high quality and much needed housing in Western Sydney with high demand from key workers, such as first responders and nurses, along with investors, first homebuyers and aspirational downsizers. These developments are transforming Penrith into a lifestyle and residential hub with lakeside dining, entertainment, shopping, and art installations.”&nbsp;

Construction of Perle is set to begin in 2024, and completion is slated for the end of 2026, in time for the opening of Western Sydney’s new airport. Perle will create over 1,000 new construction jobs, further boosting the local economy and delivering in-demand housing.&nbsp;

“With this week’s announcement that Singapore Airlines will be taking off in 2026 from the Badgerys Creek just 15 minutes away, you will be able to go from swimming in your own infinity pool to Marina Bay’s overnight, as this new service connects ESQ to the world."

Penthouse already sold off-market for a record $5.5million sale 

Penrith apartment record set with $5.5 million off the plan sale at Perle by James Place

<a>Ode Double Bay, the</a>&nbsp;record-setting development by <a href="https://www.urban.com.au/developers/top-spring-australia">Top Spring Australia</a>, is continuing to rack up significant off the plan apartment sales.

The latest comes from a Sydney buyer who spent $14.39 million consolidating apartments to create a large 224 sqm, three-bedroom apartment, as well as an 85 sqm one-bed, with a private lift lobby serving both apartments.

&nbsp;

<a href="https://www.urban.com.au/project-marketer/1st-city-projects">1st City</a> Managing Director, Brad Caldwell-Eyles, said the local purchaser had been looking for a high-end opportunity in the Eastern Suburbs for several months.&nbsp;

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“Globally, we’re seeing a trend in larger apartment living, especially for people looking to transition into retirement on their terms with unparalleled access to lifestyle, art and culture,” Caldwell-Eyles said.&nbsp;

“This amalgamated apartment offering at <a href="https://www.urban.com.au/new-apartments/ode-double-bay">Ode</a> aligns with this preference, while providing an ideal second space for visiting guests, family, or staff.&nbsp;

“It’s a savvy purchase, which gives them the flexibility of four bedrooms across two privately accessed residences, which in the long-term can be sold together or separately.&nbsp;

“Importantly, it offers a lifestyle akin to other global cities with access to a 24-hour concierge service and high-end security, which are very attractive to this end of the market, particularly those who enjoy travel and privacy.&nbsp;

“Ode residents will also have access to room service from the renowned Indigo Café, offering a curated selection of cuisine delivered directly to their home, from morning coffee to freshly prepared meals.”&nbsp;

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Caldwell-Eyles said the amalgamated apartment offering at Ode enabled the buyer to create a unique home environment comparable in size to the building’s sold-out penthouses and sub-penthouses.&nbsp;

“Sydney remains one of the world’s strongest and most consistent performers in global real estate, and the city’s eastern, harbourside suburbs are tightly held and less cyclical in nature,” he said.&nbsp;

“The purchaser frequently travels internationally and while in Sydney, the family will have a beautiful Luigi Rosselli-designed home in the heart of <a href="https://www.urban.com.au/developments/double-bay-nsw-2028">Double Bay</a>.”&nbsp;

Ode will rise six levels from Cross Street and will offer Sydney Harbour views.

Construction at Ode is well underway by prestige Sydney builder <a href="https://www.urban.com.au/builders/ceerose">Ceerose</a> and is on track for completion in early 2026.

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Combined capital city dwelling rental yield at 3.5%: CoreLogic RP Data

Michael Crawford

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