Three new developments set to smash property records

In a remarkable surge of opulent real estate ventures, three new developments across Australia are setting the stage to break property records. From the luxurious shores of Perth’s City Beach to the towering heights of the Gold Coast and the iconic vistas of Sydney Harbour, these projects are redefining the limits of price and scale within the Australian property market.

Ocean Grand: Redefining luxury in Western Australia

Blackburne’s Ocean Grand in Perth is on track to become Western Australia’s most expensive apartment development. In just a month, the project has already exceeded $250 million in sales, with expectations to reach a staggering $720 million upon completion. This would make Ocean Grand the most expensive apartment complex in Perth, surpassing South Perth’s $450 million Civic Heart development.

Paul Blackburne, the developer behind this ambitious project, attributes its success to the changing preferences of affluent buyers in Perth’s prestigious suburbs. “City Beach has always been one of Perth’s most prestigious suburbs, but the way people want to live there is changing,” Blackburne noted. The development, located at 3 Kilpa Court, City Beach, comprises 264 residences, attracting long-term locals and coastal homeowners seeking to right-size without leaving their cherished community.

Ocean Grand targets buyers in the $3 million to $10 million range, offering a host of luxurious amenities. Residents will enjoy a resort-style pool, cabanas, alfresco dining with BBQs and a pizza oven, private dining rooms, wellness facilities, a golf simulator, and concierge services. At street level, a retail precinct featuring a boutique supermarket, restaurants, cafés, and a wine bar aims to create what Blackburne describes as “a true village atmosphere.”

One Park Lane: The Gold Coast’s sky-high ambition

On the Gold Coast, One Park Lane is making headlines as Australia’s tallest residential address and the tallest tower in the Southern Hemisphere. The development features a 101-storey residential tower and a 60-storey commercial tower, connected by a glass-enclosed skybridge on Level 22. At 389 metres, it will rise above Melbourne’s Australia 108 (316m) and the Gold Coast’s Q1 (322m).

Brett Rogers, Baracon’s development manager, describes One Park Lane as “a transformational development for the Gold Coast,” highlighting the city’s evolution from a lifestyle destination to “a more sophisticated urban environment that attracts institutional capital, global talent and long-term investment.” The residential tower will house 193 apartments, including a three-storey penthouse and two double-storey sub-penthouses, while the commercial tower will offer 11,500 square metres of office space and 426 car parks.

The skybridge will feature elevated gardens, dining areas, and community spaces, with a sky lounge on level 101 offering residents a view of “Australia’s latest sunset.” The project has already seen strong demand, with the first 100 apartments sold within two weeks of release. Construction is slated for completion in 2029.

One Circular Quay: Sydney’s record-breaking penthouse

In Sydney, the penthouse atop One Circular Quay is poised to challenge the record for Australia’s most expensive home. This ultra-exclusive residence is expected to surpass the $141.55 million benchmark set by One Sydney Harbour in 2025. Both properties are developed by Lendlease, and the company is keen to see this record broken.

Daniel Baxter, executive director of development for NSW/ACT at Lendlease, expressed pride in the project, stating, “We’ve spent years at the forefront of creating some of Australia’s most exceptional homes, and the One Circular Quay penthouse stands as a defining expression of that expertise, a rare blend of calibre, craftsmanship and location that makes it truly once-in-a-generation.”

The penthouse, a three-level, five-bedroom residence, is uniquely positioned between the Harbour Bridge and Opera House, offering unparalleled views of Circular Quay. It features a north-facing infinity-edge pool, private lift access, floor-to-ceiling windows, four private north-facing gardens, and a master suite with dual walk-in wardrobes. The broader One Circular Quay tower is around 90 per cent sold and is scheduled for completion in late 2026, with three-bedroom apartments starting at $12.75 million and full-floor apartments exceeding $60 million. The project has already achieved over $2 billion in sales and will be accompanied by Australia’s first Waldorf Astoria hotel.

As these developments progress, they are not only setting new benchmarks in the property market but also transforming the urban landscapes of Perth, the Gold Coast, and Sydney, offering a glimpse into the future of luxury living in Australia.