AYA Penthouse, the largest single-level apartment in Bondi Beach, has just been sold for around $22 million, just a few weeks before its completion.

The four-bedroom, 433 sqm penthouse designed by world-renowned architect Koichi Takada, was sold by Eddie Mansour of Ray White Projects and Jeremy Wiesner of Wiesner Property, with Mansour saying the sale represents the highest price achieved for a&nbsp;non-beachfront facing apartment.

<img alt="" data-bit="iit" data-entity-type="" data-entity-uuid="" height="260" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMv79gUyZ7n3JPiNgqgarE5g2M5exVS9VMG8tiAtFTH3W5x_g7pIekB1MCek1wYczR7tED6nj5x1t46mhGJ7kd6BGwK5S2cdSurjx7gY-U8tOowflzyiRsHgpRDd2cmk66OOFNqaGtIJ70gNnVQIR6i68F?key=MYjsndFdB7Y58ALwjMF-Xg" tabindex="0" width="602" />

Wiesner said every square metre of the penthouse "goes above and beyond."

"The indoor/outdoor living areas, enhanced by Takada’s signature touches, were a major drawcard for buyers."

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial.

Tal Silberman, group managing director of Moshav, said that he was incredibly proud of their group’s development, setting a new benchmark for luxury property.

“AYA Penthouse epitomises coastal luxury with its iconic location and innovative design,"&nbsp;Silberman said.

"This record-breaking sale is testament to the desirability of Bondi Beach and the appetite for truly magnificent design."

Buyers agent Will Roberts from Alsaker negotiated the sale on behalf of the Eastern Suburbs buyer.

Construction firm Lord Group is currently completing the final stages of the development.

The AYA Penthouse sits atop Aqualine, a boutique block of just 12 apartments at 45 Hall Street, developed by Moshav Financial

Joel Robinson

AYA Penthouse, Bondi Beach's largest single-level apartments sells for around $22 million

The tranformation of Crows Nest as one of the go-to suburbs on the Lower North Shore, is set to continue.

Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the launch of the first stage of Hume Place, its new four-building development above the recently opened Crows Nest Metro station.

The first stage of the development, <a href="https://www.urban.com.au/new-apartments/hume-place-crows-nest-477-491-495-pacific-highway-crows-nest">Elevate at Hume Place</a>, will offer 130 one, two, and three-bedroom apartments designed by the&nbsp;internationally acclaimed architecture firm Woods Bagot.

<a href="https://www.urban.com.au/developments/crows-nest-nsw-2065">Crows Nest</a> has become one of the most connected suburbs in the Lower North Shore. Residents of Elevate couldn't be closer to the quiet, underground metro, which will take them to the CBD in just seven minutes, and to Chatswood in four.<img alt="Crows Nest" data-entity-type="file" data-entity-uuid="c910ea78-dd78-4510-9858-d8d933ef7aba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-11%20at%2012.59.28%E2%80%AFPM.png?VersionId=RhHNxQQnW7ZekHbMDmLlIExTxvDaxysl" />

Woods Bagot handled both the exterior architecture and interior design of Elevate Hume Place, an apartment development that will cater to a variety of purchasers from first time owners and/or investors to downsizers and right sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20 per cent to 30 per cent higher in value than neighbouring properties.

Importantly for&nbsp;investors, a metro can help secure 15 per cent to 20 per cent premiums in rents compared to similar properties in the area.

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney.

"It's not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

"There are plenty of projects claiming close links to the Crow’s Nest Metro, but there is only one project getting built above it all. Having Elevate built directly over the station is why this project will outperform any other local projects in the future”.

<img alt="Crows Nest" data-entity-type="file" data-entity-uuid="d31feb75-dd7d-414a-aec9-99fa48c3b9bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-11%20at%2012.59.21%E2%80%AFPM.png?VersionId=oQvw.CINbikbfBSfF9B7n5E1Gm_iRrdi" />

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate.

Luke Billiau, Head of Capital Markets – Australia and New Zealand at JLL, said Elevate represents the future of integrated transport-oriented development.

"We're confident it will attract significant interest from both local and international buyers," Billiau said.

[smartcode_project_cta:default project_id=142550]

Third.i Co-Founder and Director, Luke Berry, said Elevate at Hume Place is set to redefine urban living in this part of Sydney

Third.i to launch Crows Nest over-station development, Elevate Hume Place

Both Queensland locals, as well as those looking for an investment or lifestyle change from New South Wales, have showed the most interest in Morris Property Group's new Broadbeach apartment tower, Crest Broadbeach.

<a href="https://www.urban.com.au/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a>, well over 50 per cent sold, comprises 182 two and three-bedroom apartments designed by Guida Moseley Brown.

There will be a maximum of just five apartments per floor, with only three three-bedroom apartments per level on the building’s top three floors.

Residents will have access to extensive amenities on top of the building’s podium on level two, wrapped with terraces with seating and dining areas, featuring a pool, gym, lounge space and a communal barbecue area.

[smartcode_project:default project_id=112024 project_image_fid=241133]

Since the project launched late last year, traffic from New South Wales to Crest Broadbeach has been consistent, anywhere between 20 per cent to 35 per cent of total traffic.

While owner-occupiers have dominated sales at Crest, the opportunity to purchase owner-occupier-friendly stock in Broadbeach hasn't been lost on investors. Investors have consistently accounted for over 40 per cent of enquiry on Urban at Crest, higher than the Broadbeach average of 32 per cent across 2024.

Crest Broadbeach is one of the only developments around Broadbeach Park, at the northern end of Broadbeach, to be catering for a wider demographic. Several towers that are being marketed or are in planning are priced closer to $3 million.

Read more: <a href="https://www.urban.com.au/news/qld/why-its-all-about-broadbeach-still">Why it's all about Broadbeach...still</a>

[smartcode_project:default project_id=112024 project_image_fid=286004]

Crest sits on Armrick Avenue, one of three streets (Surf Parade and Chelsea Avenue), that front the 4.2-hectare Broadbeach Park, a sought-after spot given it means protected south and eastern views toward the beach and the ocean.

On top of the viewlines, Broadbeach Park is a drawcard by itself, home to&nbsp;Broadbeach Bowls Club, which has been there since the mid-1950s, several sports fields that are home to Broadbeach United Soccer Club, and the Broadbeach Life Saving Club.

There's also <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> Community kindergarten and a children's playground which draws the family buyer.

The Urban Community, who can vote on the key strengths of any given development, says the location, as well as floorplan designs, are the two biggest drawcards of Crest. Buyers also see good value for money in the development.

[smartcode_project:default project_id=112024 project_image_fid=286002]

Crest is MPG's 10th development in Broadbeach since the Canberra-based developer started developing in the Gold Coast in the late 1990s.&nbsp;

They have their 11th recently launched to the market. The builder developer waited until they've nearly completed construction before launching&nbsp;<a href="https://www.urban.com.au/new-apartments/malo-broadbeach-8-jubilee-avenue-broadbeach-qld-4218">Malo Broadbeach</a>, just 16 half-floor apartments near the Gold Coast Convention and Exhibition Centre.

<a href="https://www.urban.com.au/developers/morris-property-group">MPG</a> is back to Broadbeach Park for their 12th Broadbeach development, which they're expecting to launch before the end of 2024.

Similar to Malo,&nbsp;<a href="https://www.urban.com.au/new-apartments/22-chelsea-avenue-broadbeach">Maison Broadbeach</a>&nbsp;at 22 Chelsea Avenue&nbsp;will comprise just 18 three-bed apartments across a 20-level building.

[smartcode_project_cta:default project_id=112024]

The Urban Community, who can vote on the key strengths of any given development, says the location, as well as floorplan designs, are the two biggest drawcards of Crest.

Why both investors and owner-occupiers are targeting Crest Broadbeach apartments

Sherpa Property Group has revealed the first apartment development that will bring a more diverse buyer mix to one of the Gold Coast's most sought-after postcodes.

They've just filed plans for Flourish on Sixth, their first development under the Flourish brand which is committing to create a varied range of apartment configurations to a wide range of buyers.

<a href="https://www.urban.com.au/new-apartments/flourish-on-sixth-ave">Flourish on Sixth</a>, named after its prime location across a&nbsp;1618 sqm site at 6-12 Sixth Avenue, will comprise 94 one, two and three-bedroom apartments.

[smartcode_project:default project_id=146527 project_image_fid=296026]

By no means dense, the development offers the most apartments a new development has offered Palm Beach in several years, with the general focus over that time being on full-floor, beachfront luxury apartments.

The apartments, a maximum of nine per floor, will sit above three levels of basement with parking for 169 cars and 45 bicycles.

<img alt="Flourish" data-entity-type="file" data-entity-uuid="3bf480fa-3192-40e3-8d3e-c4dc6528a577" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-11%20at%2011.01.04%E2%80%AFAM.png?VersionId=dm3J37wyDENDAt1ZqzGLeJ90YNf_dNtj" />

MAS Architecture's Nick Symonds and Teneille Casa handled the design for the 13-level building, stating in the documents submitted to the Gold Coast City Council that the project is "positioned to capture the essence of Gold Coast living."

"The development’s proximity to the beach and key natural landmarks, combined with its connectivity to local amenities and the Gold Coast’s urban fabric, positions “Flourish on Sixth” as a prime residential offering in Palm Beach.

"The tower’s design is intended to complement the coastal environment while providing residents with expansive views and a seamless connection to the outdoors."

[smartcode_project:default project_id=146527 project_image_fid=296030]

There will be a rare opportunity to buy a one-bedroom apartment in the building. There are 10 one-bedroom units, that are expected to be snapped up by first home buyers or investors, as well as 60 two-beds, 22 three-beds, and two penthouses.

Crowning the building will be a resident pool, two barbecues with alfersco spaces, as well as day beds and private garden retreats enveloped in landscaping by RPS.

Anchoring the building at street level will be a commercial space pitched at being either an office, food and beverage space, or a shop.

The development will rise 39 metres, inline with the height limits imposed on Palm Beach and making the development code assessable, meaning it will likely go through the application process much quicker than developments that try and justify an increase in height.

<img alt="Sherpa" data-entity-type="file" data-entity-uuid="7839cc35-4b5d-49b8-a7be-465e7cf6e56d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-09-11%20at%2011.01.15%E2%80%AFAM.png?VersionId=qrFhZw_UMfYw2sWO30yTF6H4PTBU4BFR" />

When <a href="https://www.urban.com.au/news/qld/sherpa-launch-new-brand-collection-flourish-to-cater-for-wider-buyer-spread">announcing the new Flourish brand</a>, Sherpa General Manager Daniel Clarke said&nbsp;Flourish represents their dedication to creating communities where residents can thrive.

"This development is about more than just housing; it’s about offering well-located, thoughtfully designed homes with excellent communal facilities that enhance residents’ quality of life," Clarke said.

“Our goal is to empower our residents with the environment and tools they need to flourish personally and financially, staying true to our core principles of innovation, value, less ismore, and customisation.”

[smartcode_project_cta:default project_id=146527]

MAS Architecture's Nick Symonds and Teneille Casa handled the design for the 13-level building, stating in the documents submitted to the Gold Coast City Council that the project is "positioned to capture the essence of Gold Coast living."

First look: Sherpa file plans for first Gold Coast apartment development under new Flourish brand

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."

[smartcode_project:default project_id=107714 project_image_fid=211868]

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.

[smartcode_project:default project_id=107714 project_image_fid=211867]

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.

[smartcode_project:default project_id=107714 project_image_fid=216123]

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.

[smartcode_project:default project_id=107714 project_image_fid=216124]

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.

[smartcode_project_cta:default project_id=107714]

Reserve Bank cuts interest rate to 2.0% for May

Jessie Richardson

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