- The largest penthouse in Rivello, a $150M riverfront apartment building in Hamilton is up for sale
- The $450M Monarch Residences development in Brisbane has launched
- Burly, a $420M luxury apartment development overlooking the beach on The Esplanade at North Burleigh, is underway
Development activity across Queensland continues to ramp up with a host of buildings set to be completed in the next 12 to 24 months.
The high-end market, in particular, continues to see strong demand with population numbers across the state steadily increasing and the tight supply of quality properties.
Here are three new developments in Queensland that are coming soon.
Rivello
The largest penthouse in Rivello, a $150 million riverfront apartment building in Hamilton, Brisbane, is up for sale. The five-bedroom, five-and-a-half-bathroom residence spans a generous 562sqm of the 17th floor and features expansive Brisbane River and CBD views. It also includes a gym, home cinema, office, wine cellar, wet bar, fireplace, three-car garage and multiple balconies, including one that stretches the entire river frontage. The penthouse is priced at $7.125 million and is being marketed by YPM Group.
Rivello is being developed by Brookfield Residential Properties and features 147 one-, two- and three-bedroom apartments along with a collection of four sub-penthouses and two penthouses. Construction is anticipated to be completed in the first quarter of 2024.
Brookfield Residential Properties’ Managing Director, Lee Butterworth said, “We’ve seen massive demand from buyers for these penthouses, sub-penthouses and apartments which is due to the exceptional amenities available for owners as well as the stunning location, just six kilometres from the Brisbane CBD.”
Monarch Residences
Consolidated Properties Group and Qualitas have officially launched the $450 million Monarch Residences development, delivering Brisbane apartment buyers the chance to have a look inside the luxury apartments.
The development includes 224 apartments spread across two 15-story towers at 600 Coronation Drive in Toowong, with 130 metres of direct river frontage. The development will also restore the heritage-listed 150-year-old Middenbury House, with 1.2 hectares of landscaped gardens incorporating the proposed landing area for the new green pedestrian bridge connecting Toowong to West End. The sales display is a $3 million interactive experience with river views, full-size kitchen and bar, and bathroom facilities, giving buyers a detailed look into the project.
Monarch Residences comprises one to four-bedroom river homes, apartments, and penthouses, designed to appeal to a broad cross-section of buyers.
Consolidated Properties Group Chairman and CEO Don O’Rorke said the Monarch Residences would set a new benchmark for apartment living in Brisbane’s inner west on one of the best riverfront sites in the city.
Burly
Burleigh Heads in Queensland has become a popular address for prestige property buyers, with its reputation as a world-famous surf break and holiday destination now rivalling iconic coastal destinations.
The latest premium apartment development, Burly, is a $420 million luxury apartment development by Australian property developer David Devine and his team at DD Living, planned for a large 2024sq m site with 40 metres of frontage overlooking the beach on The Esplanade at North Burleigh.
The development will be made up of an exclusive collection of 101 luxurious two, three, and three-bedroom plus multipurpose room apartment residences across 24 levels.
TOTAL Property Group will manage the apartment sales and has been registering a growing number of inquiries about Burleigh Heads from people around Australia who are interested in premium apartments in the area.
Burleigh Heads offers the perfect mix of qualities that have raised its status from a holiday destination to a lifestyle mecca. It still has a seaside village vibe that sets it apart from other beachside locations on the Gold Coast while premium apartment developments have been blending in with the area to meet demand for quality residential offerings.
DD Living CEO David Devine said Burly would create a landmark residential building of high distinction that would be admired by the whole community.
