640 Bourke Street represents a culmination of six years of vision and development by Far East Consortium.

The journey began in 2019 when the consortium acquired the historic Eliza Tinsley building, situated on a prime 2,765 sqm site at the Spencer Street end of Bourke Street. While the landmark building, dating back to the early 1900s, will be preserved, it will be complemented by a striking glass tower designed by Rothelowman, which will seamlessly extend from the heritage structure.

[smartcode_project:default project_id=509 project_image_fid=316025]

<a href="https://www.urban.com.au/new-apartments/640-bourke-street-melbourne">640 Bourke Street</a> offers prices befitting of its address, with the one-bedroom apartments starting from $640,000. There are also two and three-bedroom apartments on offer throughout the 68-level skyscraper, designed with the owner-occupier in mind.&nbsp;

Far East Consortium sought to create larger apartments than the previous approval that came with the site purchase had proposed. That had 813 apartments, which have now been cut down to just over 600 to accomodate larger floorplans.

[smartcode_project:default project_id=509 project_image_fid=335432]

"The people who do want to be in the city want bigger apartments, and we're catering for that need,"&nbsp;Far East Consortium Executive Director Craig Williams said.

On the new design, Williams said history shows if you can put a modern sculpture piece of architecture behind a heritage building, the two complement each other.

"It's a very elegantly designed building. It's going to be a Melbourne statement for many, many years to come."

[smartcode_project:default project_id=509 project_image_fid=335420]

640 Bourke Street will also be filled with resident amenity, over 3,000 sqm of it, to elevate its residents lifestyle.

There will be everything from a pool&nbsp;inspired by Turkish hammams to a gym, an art therapy room, co-working spaces, a whisky lounge, a library, and movie theatres.&nbsp;

[smartcode_project:default project_id=509 project_image_fid=335426]

Residents will enjoy seamless access to Melbourne's renowned retail, arts, and green spaces, from Bourke Street Mall to Flagstaff Gardens.

"Bourke Street is a very proud address," Williams added.

"Whilst we may be towards the western end of the old city, we are at the centre of the new city of Melbourne."

[smartcode_project:default project_id=509 project_image_fid=335434]

640 Bourke will be&nbsp;Far East Consortium's 14th building in Melbourne. Their most recent completion was the four-tower, $2.4 billion development West Side Place, just 400 metres away on Spencer Street.

Buyers only have until October 2025 to take advantage of the VIC Government's <a href="https://www.urban.com.au/news/vic/vic-government-slashes-stamp-duty-for-off-the-plan-property-buyers-savings-available-immediately-oct-2024">generous stamp duty concessions</a> announced late last year.

*Renders shown are Artist's Impressions correct as at March 2025.

[smartcode_project_cta:default project_id=509]

Far East Consortium’s new CBD apartment tower rises behind the historic Eliza Tinsley Building

Joel Robinson

Far East Consortium launches new Melbourne CBD apartment tower, 640 Bourke Street

PERIFA, the Sydney-based end-to-end property developer and part of Versatile Group, alongside investment partner Mitsubishi Estate Asia (MEA) has acquired the former Balmain Leagues Club site to develop the approved Rozelle Village.

Plans for a vibrant, mixed-use, cultural and community-focused precinct had been drawn up by Studio.SC by the former landholder Heworth Holdings.

<a href="https://www.urban.com.au/developers/perifa">PERIFA</a>&nbsp;and MEA are now accelerating the plans for the $800 million <a href="https://www.urban.com.au/new-apartments/rozelle-village-rozelle-152-victoria-road-rozelle-nsw-2039">Rozelle Village</a> that will comprise a mix of premium private residences and affordable housing, alongside commercial, retail, communal open spaces and a long-awaited new home for the Wests Tiger’s Leagues Club.&nbsp;

The landmark 7,330 sqm site has been derelict and closed to the community since 2010.&nbsp;

<img alt="Rozelle" data-entity-type="file" data-entity-uuid="94578c0c-ab03-43d7-b3f1-6811db8ee142" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-14%20at%209.38.07%E2%80%AFAM.png?VersionId=VVgTkMKbHQ4CrJ.LnlIMdLc9dLgHf5Fq" />

Fabrizio Perilli, Co-Founder and Managing Director,&nbsp;PERIFA, said they are&nbsp;delighted to embark on a new era for the site with their partners Mitsubishi Estate Asia.

Our shared vision for Rozelle Village is to create a mixed-use precinct that is thoughtfully designed and caters to new residents and the community alike. It will be a major meeting place for the community, that embraces the unique character of the&nbsp;Balmain/Rozelle peninsula, while helping to shape its next chapter.”

Perilli says the&nbsp;Balmain Leagues Club in Rozelle, which closed in 2010 to make way for the NSW Government Metro Transport Project, was once a hub for local families to come together and enjoy entertainment and hospitality. But for too many years the community has had to put up with a derelict site on their doorstep.

“We are proud to be delivering a precinct that will not only revitalise the area through the delivery of thriving new public spaces, high-quality apartments, well-considered retail and community facilities, but offer a considerable contribution to Sydney’s chronic lack of housing."

<img alt="Rozelle" data-entity-type="file" data-entity-uuid="78d2865b-f51c-4ddb-9d07-f36faad3821d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-03-14%20at%209.38.14%E2%80%AFAM.png?VersionId=dA3TvvX.W9P.97H9EmQIyO2pqGuq2QMy" />

Rozelle Village has been designed by local architecture practice&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://links.erelease.com.au/ls/click?upn%3Du001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D&amp;source=gmail&amp;ust=1741902496325000&amp;usg=AOvVaw08BkcGsZFqGQSyuSFhDqWn" href="https://links.erelease.com.au/ls/click?upn=u001.3t36lx-2BFsAkcova-2BGjLdR03OF6qltDnHC2BtXDz5mWGBp2823XX6k0idceIRwLs4b12AQ9y-2Bm3j30fMmRLSTXWSjWTFwRXnMT9z9tST4OEQWF3yuklQggSquWneU2m1oUUd56K9i76Tb6vE7nF03m8a2tDWd7gbd5gHylWayuIk-2Fj0J8JzsOMhDS7gF-2BZkIIzWMaXfpLkD4L-2B9VCMKLILA-3D-3D7P5Q_RgrM7qq-2BfK-2FtAHeRBLv5Qrbff1fmn9Maxd-2F-2BneoCQIgUH4WFhJ3DbcM3T9vUA-2FVcGfhT4ZkZ8ac1Sr0rGd4JYcExoqa29lgcDpt8YhwiW2PVHMF5TGuMDGFnmFYbVvM0RrbCI6UGX5KF1RHwxuS3bvbpTWBA6uAgz1pG0XFiVRcSEOZs5gu84UyN5bG04E-2BkQf3QaR7xAvVOQHi5bO2-2B6oF5ffGeuds7M5Cakz-2Fi7OU-3D" target="_blank">Studio.SC</a>, formerly Scott Carver, with interiors by SJB and landscaping by Arcadia. It will include a mix of one, two, and three-bedroom apartments and penthouses, with views of the Sydney skyline and Sydney Harbour, a village square, including a range of new food and hospitality venues, a community art studio and a retail precinct anchored by a full-line supermarket; a first for the peninsula.&nbsp;

&nbsp;

Located at the intersection of Victoria Road and Darling Street, pedestrian access to the precinct will be enhanced by a series of activated laneways leading to a 1,444 sqm town plaza.&nbsp;&nbsp;

Demolition at the site is nearing completion, with the project currently progressing through a State Significant Development Application process. Versatile Construction will commence main building works by the end of Q2 2025, with project completion anticipated in 2028.&nbsp;

CBRE will be handling the sales of Rozelle Village.

&nbsp;

David Milton, Managing Director Residential Projects at CBRE&nbsp;calls it an "iconic site which is much loved in the local community."

"We’ve seen lots of interest already and we’re very excited to bring Rozelle Village to market.”&nbsp;

PERIFA takes over Balmain Leagues Club site for Rozelle Village development

Mirvac has celebrated commencement of construction on its new Prince &amp; Parade residential community in Brunswick, marking the start of major works for the project that will rejuvenate a disused site and deliver 167 much-needed new apartments to Melbourne.

With <a href="https://www.urban.com.au/new-apartments/prince-parade-by-mirvac-brunswick-701-park-street-brunswick">Prince &amp; Parade</a> underway, Mirvac now has more than 900 apartments currently in progress across Melbourne, demonstrating a strong commitment to the Victorian residential market.

Mirvac’s CEO Development, Stuart Penklis and General Manager, Residential Development Victoria, Elysa Anderson, were joined by Peter Khalil MP, Federal Member for Wills to celebrate the project’s milestone.

[smartcode_project:default project_id=4802 project_image_fid=217137]

Penklis said Prince &amp; Parade demonstrates how government and industry can work together to transform previously underutilised sites into much-needed homes for Victorians in desirable inner, middle ring locations, close to transport; and delivering this type of housing is a priority for government.

“With the support of the State Government, Prince &amp; Parade received the green light through the Development Facilitation Program and now we are delivering almost 170 modern apartments, creating 300 construction jobs and ongoing employment opportunities for the local community,” Penklis said.

“Formerly the old Princes Park Motor Inn, this residential community is a great example of how we can take a site that is no longer fit-for-purpose and deliver additional housing for the community.

"It’s important that we continue to work with all levels of government to find efficient planning pathways that allow industry to identify opportunities to accelerate housing across Melbourne."

[smartcode_project:default project_id=4802 project_image_fid=217129]

Mirvac’s General Manager, Residential Development Victoria, Elysa Anderson said Prince &amp; Parade will join Mirvac’s $7.6bn Victorian development pipeline, with a new build-to-rent community opening in <a href="https://www.urban.com.au/developments/brunswick-vic-3056">Brunswick</a> later this year.

“This project completes Mirvac’s construction trifecta for our apartment offering, joining The Albertine in the St Kilda precinct and Trielle in Yarra’s Edge,"&nbsp;Anderson said.

"Across our build-to-rent and build-to-sell projects, we are committed to delivering a range of apartments for downsizers, growing families and investors that are built for tomorrow."

[smartcode_project:default project_id=4802 project_image_fid=217119]

Prince &amp; Parade will offer a mix of one to four-bedroom apartments and will mark Mirvac’s third collaboration with design practice, Bates Smart, joining The Melburnian (2011) and The Eastbourne (2019) in the duo’s multi-award-winning developments.

The development will include a residential lounge, shared dining room and kitchen, crown courtyard, library, gym, shared roof top terrace and concierge. The building will deliver an average 7-Star NatHERS energy rating through double glazing, induction cooktops, heat-pump technology for hot water, and rooftop solar panels – all designed to minimise reliance on the grid and reduce environmental impact.

&nbsp;

Mirvac will also be creating a green link connecting Brunswick Road through to Park Street, designed by Jack Merlo and a number of public bike spaces throughout.

The development will include a publicly accessible retail tenancy which will offer a convenient spot for the community to enjoy café offerings. The tenancy will be independently operated and is expected to be open around the time of completion.

[smartcode_project_cta:default project_id=4802]

Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off

Rainbow Bay is the epitome of the true Gold Coast lifestyle.

It's all about the surf, sand, and relaxed coastal living. Locals have adored the area for generations, but since the pandemic, it has become a popular destination for interstate buyers from both sides of the development boom.

Sydneysiders and Melburnians made up a significant portion of buyers during the pandemic, as the country was shut down, while developers from Melbourne and Brisbane also made their moves to this coastal hotspot. Over time, Rainbow Bay has transitioned from 1960s walk-up apartments to stunning new developments, attracting those looking for a modern, beachside lifestyle.

One of the developers leading this change is Brisbane-based<a href="https://www.urban.com.au/developers/chapter-two"> Chapter Two Group</a>, which recently began construction on<a href="https://www.urban.com.au/new-apartments/holm-rainbow-bay-44-50-eden-avenue-coolangatta"> Holm Rainbow Bay</a>, on the dress circle Eden Avenue.

[smartcode_project:default project_id=109905 project_image_fid=209082]

Jon Quayle, who heads Chapter Two alongside Oliver Bagheri, said that the desire to develop in Rainbow Bay had been on their radar for quite some time, with the dream realised in 2021 when they began amalgamating four separate blocks of flats to eventually secure the Holm site.

“Rainbow Bay is recognized as one of Australia’s premier beach destinations—north-facing like Noosa and Byron Bay but more accessible and attainable, with stunning lifestyle amenities, natural beauty, and some of the coast’s best dining and entertainment," Quayle said.

"Holm has been designed to reflect this unique setting, offering premium living spaces and superb resident amenities that bring together all the elements that people seek in sophisticated coastal living.”

[smartcode_project:default project_id=109905 project_image_fid=209089]

Holm, situated on a prime near-2000 sqm block on Eden Avenue, will consist of 87 two and three-bedroom apartments, and a handful of four-bedroom townhouses, designed by Plus Architecture.

Crowning the 12-level building will be a residents' club featuring a 25-meter rooftop pool, spa, sauna, steam room, yoga deck, outdoor dining area with barbecue facilities, and a fire pit.

Additional features will include a gymnasium, work-from-home area, a library, and a function room.

[smartcode_project:default project_id=109905 project_image_fid=209084]

The design intentionally embraces Rainbow Bay’s natural beauty, incorporating sweeping views of the ocean, river, and hinterland from the apartments. The rooftop, in particular, will capture all three vistas, along with the iconic Snapper Rocks.

“In all our developments, we love to showcase architecture inspired by the natural beauty that surrounds it,” Quayle explained. “Holm’s flowing curves, lush greenery, natural elements, and light-filled spaces perfectly capture the essence of Rainbow Bay.”

[smartcode_project:default project_id=109905 project_image_fid=209083]

Groupline Constructions demolished the former 1960s blocks late last year and recently commenced basement excavation. They aim to have a crane on-site and begin vertical construction later this year.

"It's an exciting project, and we can't wait to see it come to life," Quayle added.

Last year, the penthouse at Holm sold for $4.5 million to a Sydney buyer, believed to have set a price-per-square-meter record for a non-beachfront or front-row apartment in the area.

The 246 sqm penthouse, featuring three bedrooms, two decks, and a rooftop terrace with outdoor dining and a spa, sold for $24,590 per square metre.

[smartcode_project:default project_id=109905 project_image_fid=209090]

Oliver Bagheri said the record-breaking penthouse sale highlighted the strong demand for blue-chip real estate on the Gold Coast.

“Holm represents a rare opportunity on Rainbow Bay’s peninsula, allowing buyers to make this iconic address either their permanent home or a deluxe holiday destination," Bagheri said.

“Geographically restricted with limited future supply, acquiring the Holm site today and delivering this project at its current pricing would not be feasible, making it an irreplaceable opportunity.

"In recent years, the notion of apartment living has evolved. However, we've noticed that many new Gold Coast developments still fall short of providing residents with a balanced lifestyle, offering health, well-being, and lifestyle amenities all in one place.”

SRQ Projects is selling Holm Rainbow Bay.

[smartcode_project_cta:default project_id=109905]

Holm, situated on a prime near-2000 sqm block on Eden Avenue, will consist of 87 two and three-bedroom apartments, and a handful of townhouses, designed by Plus Architecture.

"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments

<a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a> continues to prove to be one of the most popular new apartment markets in the whole of the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>.

What was once a relatively quiet area has rapidly transformed. Its proximity to both Burleigh Heads to the north and Coolangatta to the south has seen it become a hotspot for both investors and owner-occupiers. It was one of the best-performing new apartment markets during the pandemic, with developments selling out in a matter of weeks.

Although the new development market slowed due to supply issues, demand remained strong, with developers fiercely competing to secure sought-after sites.

Now, a new wave of projects is getting underway in 2025. In this editorial, we've highlighted some of the best projects currently available for purchase, as well as those set to launch later this year.

<h2>What: Villea</h2>

<h3>Where: 26 Mawarra Street, Palm Beach QLD 4221</h3>

<h3>Who: Abadeen Group</h3>

Having spent nearly two decades delivering high-end apartments in Sydney’s affluent North Shore, developer <a href="https://www.urban.com.au/developers/abadeen-group">Abadeen Group</a> Group has expanded its operations to the Gold Coast.

Their first Queensland project, <a href="https://www.urban.com.au/new-apartments/villea-palm-beach">Villea</a>, will offer 69 two- and three-bedroom apartments starting from under $1 million, located on Mawarra Street in the relatively untapped area of Palm Beach, not far from Tallabudgera Creek.

[smartcode_project:default project_id=106840 project_image_fid=178475]

Designed by BDA Architecture, the eight-level building will maximize natural light in each apartment. The apartments will feature kitchens with premium stone benchtops, central islands, and integrated Fisher &amp; Paykel appliances. Additionally, each apartment will have balconies off the kitchen, living, and dining areas, offering either ocean or hinterland views.

Villea will also feature a resort-style pool, gym, barbecue area, and a convenient boutique retail strip at street level.

[smartcode_project:default project_id=106840 project_image_fid=334281]

Currently under construction by Emicon, Villea is expected to be completed by the end of 2025.

<h2>What: Flourish on Sixth</h2>

<h3>Where: 6-12 Sixth Avenue, Palm Beach QLD 4221</h3>

<h3>Who: Sherpa Property Group</h3>

Local Gold Coast developer Sherpa Property Group is delivering the first project under its new Flourish brand in Palm Beach, a market they have been active in for several years.

The Flourish brand is designed to provide a more affordable entry point to an otherwise expensive market.

The Palm Beach development, <a href="https://www.urban.com.au/new-apartments/flourish-on-sixth-ave-6-12-sixth-avenue-palm-beach">Flourish on Sixth</a>, launched with rare one-bedroom apartments priced under $600,000—an uncommon find on the southern Gold Coast.

[smartcode_project:default project_id=146527 project_image_fid=311566]

The remaining two-bedroom apartments are still competitively priced from $1.09 million, with three-bedroom apartments starting from $1.63 million.

Flourish on Sixth will feature a rooftop amenity level with a heated lap pool, private cabanas, BBQ area, and wellness amenities such as a gym, sauna, steam room, and plunge pools.

[smartcode_project:default project_id=146527 project_image_fid=306037]

Additional features include work-from-home facilities, a shared electric vehicle service, and a car wash station.

Builder LPS Group has already started siteworks, with completion expected by early 2027.

<h2>What: Perspective Nexus</h2>

<h3>Where: 949 Gold Coast Highway, Palm Beach QLD 4221</h3>

<h3>Who: Sherpa Property Group</h3>

Sherpa Property Group is also working on another Palm Beach development, <a href="https://www.urban.com.au/new-apartments/perspective-nexus">Perspective Nexus</a>, located near Palm Beach Parklands.

Expected to be completed toward the end of 2025, this development is distinct from Flourish with its more upscale offerings, targeting local downsizers.

[smartcode_project:default project_id=108324 project_image_fid=250147]

The nine-level development will comprise 35 two-, three-, and four-bedroom apartments, including penthouses and sky homes with private rooftops.

Resident amenities will include a wellness center with a magnesium spa, sauna, steam room, pool, and a private dining area with an outdoor kitchen.

[smartcode_project:default project_id=108324 project_image_fid=245951]

The development will also offer electric car charging, a car wash bay, and parcel delivery storage.

Construction by&nbsp;<a href="https://www.urban.com.au/builders/lps-group">LPS Group</a> is already underway, with completion expected in Q3 2025.

<h2>What: La Belle</h2>

<h3>Where: 332 The Esplanade, Palm Beach QLD 4221</h3>

<h3>Who: Marquee Developments</h3>

Another prominent Gold Coast developer, Marquee Developments, is making significant progress on their Palm Beach apartment development, <a href="https://www.urban.com.au/new-apartments/la-belle-palm-beach-332-the-esplanade-palm-beach">La Belle</a> Palm Beach.

The 75 luxury two-, three-, and four-bedroom apartments sold out quickly when launched in early 2024. Within three months, over 70 per cent of the apartments were sold, and construction soon began on the prime site on The Esplanade.

[smartcode_project:default project_id=102340 project_image_fid=273590]

Residents of La Belle will have access to two levels of amenities, including a heated outdoor pool and spa, teppanyaki dining bars, a lounge with a billiards table and bar, and a wellness center featuring a gym, yoga and Pilates studio, Nordic and infrared saunas, and hydrotherapy hot and cold plunge baths.

The development will also feature a hotel-style lobby with private office spaces for remote working.

La Belle is expected to be completed by mid-2026.

<h2>Where: 62-64 Jefferson Lane, Palm Beach QLD 4221</h2>

<h3>Who: Gordon Corp</h3>

Tim Gordon's&nbsp;<a href="https://www.urban.com.au/developers/gordon-corp">Gordon Corp</a> is gearing up to launch their latest development on the Jefferson Lane dress circle.

Gordon Corp is teaming up again with the billionaire Mathieson family who are also joint venture partners on the luxury Mantaray project in Main Beach.

In the coming months, buyers will have a chance to secure one of the 47 two and three-bedroom apartments near the Pavilions Palm Beach retail precinct.

<img alt="First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-09-13%20at%2012.42.07%E2%80%AFPM.png?VersionId=QlRr6YQL0SD1Y8ixXo2QWRRpSyCJDSpL" />

<a href="https://www.urban.com.au/architects/cottee-parker-architects" target="">Cottee Parker</a>&nbsp;designed the nine-level atrium with an&nbsp;open-air atrium for natural ventilation and a suite of private amenities including a&nbsp;15m lap pool with daybeds and cabanas, a wellness centre with a cold plunge, hot spa, sauna, steam room, and a state-of-the-art gym.

Read more at:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-gordon-corp-team-up-again-with-mathieson-family-and-join-booming-palm-beach-off-the-plan-apartment-market">First look exclusive: Gordon Corp team up again with Mathieson family and join booming Palm Beach off the plan apartment market</a>

<h2>What: Cirrus</h2>

<h3>Where: 1101 Gold Coast Highway, Palm Beach QLD 4221</h3>

<h3>Who: Macquarie York</h3>

<a href="https://www.urban.com.au/developers/macquarie-york">Macquarie York</a> is working toward a 2025 launch of Cirrus, which received approval from the Gold Coast City Council late last year.

<a href="https://www.urban.com.au/new-apartments/cirrus-palm-beach-1101-gold-coast-highway-palm-beach">Cirrus</a>, which will meet Jefferson Lane near the Palm Beach Surf Club, will comprise just 10 full-floor apartments and a two-level penthouse.

[smartcode_project:default project_id=22108 project_image_fid=312173]

Cirrus will also feature a level one recreation deck with a swimming pool and lounge area overlooking the ocean.

Macquarie York had <a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a> take the architectural lead for the development.

<h2>Where: 402-404 The Esplanade, Palm Beach</h2>

<h3>Who: Chanine Developments</h3>

Sydney-based developer&nbsp;<a href="https://www.urban.com.au/developers/chanine-developments">Chanine Developments</a> is too looking toward the luxury end of the market.

They're making their Gold Coast debut on The Esplanade with 15 half-floor apartments and a five-bedroom penthouse with a private rooftop pool.

Chanine is led by Marwan Chanine, who says he wants to bring&nbsp;the luxury of Sydney's Eastern Suburbs to Palm Beach through high-end finishes and design.&nbsp;

<img alt="Two new luxury apartment developments coming to Palm Beach in early 2025" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-04-22%20at%204.39.02%20pm.png?VersionId=sFn95mI3.TXZg5_hH7Srgj0vhyPRP.4o" />

The prime beachfront location is expected to attract downsizers and owner-occupiers looking for a coastal lifestyle.&nbsp;

The project is set to hit the market in early 2025.

Read more at:&nbsp;<a href="https://www.urban.com.au/news/qld/two-new-luxury-apartment-developments-coming-to-palm-beach-in-early-2025">Two new luxury apartment developments coming to Palm Beach in early 2025</a>

We've highlighted some of the best projects currently available for purchase, as well as those set to launch later this year

Postcode	Suburb	Indicative gross rental yield for units
2158	DURAL	7.1%
2011	WOOLLOOMOOLOO	6.5%
2015	ALEXANDRIA	6.4%
2000	SYDNEY	6.2%
2007	ULTIMO	6.1%
2008	DARLINGTON	6%
2153	BELLA VISTA	5.7%
2008	CHIPPENDALE	5.6%
2140	HOMEBUSH	5.6%
2000	HAYMARKET	5.6%

Top 10 Sydney suburbs for unit rents: RP Data

Cassidy Knowlton

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