How $450M Monarch Residences sold out in Toowong

More than 200 homes, two towers, and 130 metres of direct Brisbane River frontage, and not a single apartment left to sell. 

Monarch Residences in Toowong has reached full completion and settlement, with Consolidated Properties Group (CPG) confirming $450 million worth of homes now officially in the hands of their owners. The final apartment sold at auction on the 30th of May for $4.1 million.

The milestone was marked with a ribbon-cutting ceremony on the 11th of June 2026, attended by Cr Penny Wolff, who highlighted the development's contribution to Brisbane's housing supply at a time when new stock in the inner west is critically short.

The 224 apartments, delivered across two 15-level towers, are now officially with their owners, including Brisbane downsizers, families, and professionals who have traded traditional houses for apartment living. The completion underscores sustained demand for absolute riverfront living in Brisbane’s inner west.

Monarch Residences was planned and delivered over four years on a 1.2-hectare parcel with more than 130 metres of direct frontage to the Brisbane River, occupying one of the last remaining true riverfront sites of its scale and orientation within close proximity to the CBD. The site has been transformed from an underutilised, derelict block of land into a thriving residential precinct with Middenbury House at its centre.

Consolidated Properties Group Head of Residential, James MacGinley said Monarch Residences showed what could be achieved when private industry and government worked together to deliver new housing for Brisbane.

“Monarch Residences has delivered more than 200 new apartments in Brisbane’s inner-west at a time when additional housing supply is critically important,” James said.

“It’s fantastic to see residents now moving into this landmark riverfront development, which reflects the strength of collaboration between Council and the project team throughout delivery.”

“All government agencies played a significant hand in achieving a fast-tracked outcome for Monarch Residences with Brisbane City Council, Urban Utilities, Energex, and Titles Queensland assisted to remove hurdles to achieve settlements.”

Consolidated Properties Group CEO and Chairman Don O’Rorke says the project’s completion represents the culmination of years of careful planning, design collaboration, market conviction, and outstanding team delivery.

“We announced Monarch Residences in late 2021 and it’s been one of the most strongly received residential projects in our 45-year history,” Don said.

"We are incredibly grateful to the outstanding team who helped bring Monarch Residences to life. 

"A special thank you to Hutchinson Builders and their hardworking labour force for delivering a development of exceptional quality that our residents will be proud to call home for many years to come.

“Brisbane City Council and Titles Queensland also played a huge role in getting residents into their homes early through the pilot programs they ran to speed up the approval processes. 

"They understand the challenges of the housing industry and are doing something about it.”

With Monarch Residences now complete, CPG has launched River Living, a bespoke on-site property management service designed to enhance the resident experience. The service will support all future CPG residential projects, including the recently announced Gloriette in Yeerongpilly and Castile in Newstead.

The completion also marks the opening of a prized leasing opportunity at the heritage-listed Middenbury House, built in 1865 and carefully restored, and its integration into the broader masterplan.

CPG said the adaptive reuse of the landmark riverfront residence presents an opportunity to introduce a complementary boutique tenancy that respects the site’s historic significance while activating the riverfront frontage.

Andrew Scriven, directore of residential at Colliers, said the move-in phase highlights continued demand for completed premium riverfront apartments in Brisbane.

“Residents are now experiencing firsthand the scale, craftsmanship, and irreplaceable riverfront position that Monarch offers,” Andrew said.

“Opportunities to secure a brand-new, completed residence on Brisbane’s absolute riverfront are exceptionally rare.

"Combined with the proven track record of Consolidated Properties Group and Hutchinson Builders, combined with a design vision brought to life by some of Australia’s leading architects and designers, Monarch represents a unique opportunity to purchase a home of enduring quality and prestige.”

Monarch Residences was designed in collaboration with Melbourne-based architect Wardle Studio, alongside leading national practice Cottee Parker, with construction delivered by Hutchinson Builders.

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