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The YMCA Brisbane has outlaid $1.3 million for a vacant aged care facility in Brisbane's Southport. 
YMCA Brisbane plans to use the 69 Walton Street premises to provide community services in the region and may look to redevelop the site in the future.
Selling agent James Crawford of Colliers International said the property attracted a range of different buyers with a 22 bedroom facility offering numerous options for use and development.
The campaign attracted 60 enquiries from array of local and interstate buyers looking at options for childcare, mental health, accommodation, offices and residential redevelopment, said Crawford.
The vendor - a private interstate investor - had operated the 2,955 square metre property as an accredited aged care facility up until November 2012.  
The existing brick building on the site is about 40 years old with 22 bedrooms on the ground level. A large private two bedroom care takers residence occupies the entire first floor. It also has about 10 parking spots.
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YMCA Brisbane acquires vacant Southport facility with redevelopment potential

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A building firm has taken out 425 square metres of office space at the Breakfast Creek Wharf in Brisbane's Newstead. 
Tantallon Construction secured a three year lease at the two level retail and commercial complex, at 192-194 Breakfast Creek Road.
The lease was struck at an initial rental of $350 gross per square metre. 
CBRE’s Michael Irvine negotiated the deal on behalf of vendor BMI Group.
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Building firm signs office lease at Newstead's Breakfast Creek Wharf 

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National retailer The Reject Shop has secured a seven year lease in a new retail development in Melbourne's Hastings.
The retailer has taken up 700 square metres, on a rental of $240,000 per annum. The deal is over seven years, with two further seven year terms.
The Hastings development is due to open in April and is being anchored by Aldi. It will house eight shops plus the supermarket.
Fitzroys agent Chris Kombi negotiated the lease. 
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Reject Shop accepts lease in new Hastings development

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One of the last remaining significant development opportunities in Melbourne's south-eastern industrial precinct of Pakenham has hit the market. 
The 2.183 hectare land holding, on three certificates of title, is expected to generate strong buyer interest from owner-occupiers and developers.  
The <a href="https://www.realcommercial.com.au/property-land+development-vic-pakenham-501058827" target="_blank">77-79 Bald Hill Road</a> property goes under the auctioneer's hammer on April 10. 
Colliers International’s Justin Fried and Gordon Code, in conjunction with Tony Miller of Ray White Pakenham, have been appointed selling agents. 
“Opportunities of this scale with this level of exposure in the Pakenham area are becoming increasingly rare, and this is one of the last remaining significant development opportunities on Bald Hill Road”, said Mr Fried. 
“In addition to an exciting development opportunity, this property will also appeal to a wide range of occupiers including trade/wholesale users (STNC) and warehousing/distribution businesses,” added Mr Code.
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Significant Pakenham industrial development opportunity hits the market

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A refurbished freehold hotel at Nambour in the tightly held Sunshine Coast region has been offered for sale. 
Known as The Commercial Hotel, the three-storey property includes a two level accommodation annexe and a drive through bottle shop which is all situated on a site area of about 1,419 square metres.  Leon Alaban and Tony Bargwanna of Ray White Hotels Australia are marketing the <a href="https://www.realcommercial.com.au/property-hotel+leisure-qld-nambour-501074031" target="_blank">35 Currie Street</a> hotel. 
It was extensively refurbished in 2007 and generated an annual turnover (exclusive of gaming revenue) of more than $6.5 million in the 2012-13 financial year. 
Mr Alaban said the property was a rare chance to secure a freehold hotel within the tightly held Sunshine Coast hinterland. 
Facilities in the hotel, he said, included a public/sports bar, dining area, alfresco dining/beer garden, function room, kitchen, drive through bottle shop, three detached bottle shops and accommodation areas.
“The hotel’s gaming room has 30 electronic gaming machines however there is an approval to operate up to 37 EGMs,” he said.
The hotel comprises of 12 hotels rooms all with en suites.
The bottle shop is independent of any liquor purchasing group. It also includes three detached bottle shops in Nambour, all within 8 kilometres of the hotel, said Mr Bargwanna. 
The tender campaign closes on April 16. 
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Refurbished freehold hotel on the Sunshine Coast offered for sale

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A cropping property in one of Australia's oldest wine regions, the Barossa Valley, has been listed for sale.
Located adjacent to the township of Shea-Oak Log, about 60 kilometres north-east of Adelaide, the aggregation comprises five separate titles totalling 249.48 hectares. The property is described as “highly productive land" and "suited to continuous cropping and minimum tillage practices”.
The vendor is the Brooks family and the properties are being <a href="https://www.realestate.com.au/property-other-sa-shea+oak+log-7630363" target="_blank">offered in one line or separately by tender closing April 18</a>.
CBRE’s Phil Schell, who is marketing the property, said "the Barossa Valley region is typically tightly held, therefore, the offer of cropping land such as this is expected to attract strong interest from a wide range of parties including owner occupiers and investors.”
“The current share-farming agreement that is in place for the 2014 season is testament to the aggregation’s future security as a profitable cropping operation.”  
The property features main road access to all titles, benefits from extensive water supply to all paddocks, and is supported by annual rainfall of about 520 millimeters. 
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Barossa Valley cropping property listed

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An influx of international retailers over the past 12 has been unable to curb the rising retail vacancy in Melbourne's CBD, with vacancies touching a seven year high last month. 
Knight Frank’s latest CBD retail survey found that the vacancy rate reached 3.9% in February  - the highest since 2007. That compares to the long-term average of 2.9% and is up on last year's 2.6%.
Shopping centre vacancies recorded the biggest jump up from 1% to 4.1%, while street front shops rose from 3.9% to 4.4%.
The bright spot in the results was prime retail vacancy levels in Bourke and Collins Streets, which narrowed from 5.4% to 4%. 
Despite the weaker numbers, Knight Frank retail leasing director, Gary Loo, suggests that the rise in international retailers seeking to enter the market should help bolster the take-up rate, as well as attracting other retail users.
“Well-known international brands such as Zara from Spain and Thomas Pink and Forever New from the UK have taken the lead in their entry in to the CBD while Uniqlo from Japan and H&amp;M are anticipating their flagship stores to start-up during the first half of 2014," he said. "Further, international fashion label Topshop UK is expected to make their first CBD entry while Max Mara will also expand its footprint in the Melbourne’s CBD sometime in 2014."
He also points to other big name international retailers such as Marks &amp; Spencer, Apple and Forever 21 as currently scouting prime CBD sites for store locations.
Going forward, strong competition from international retailers eyeing a slice of the Australian retail market was expected to cast a windfall on the occupancy levels, he said.   
Knight Frank research analyst, Monica Mondkar, added that many of Melbourne’s CBD arcades recorded a near to zero vacancy, thus retaining their popularity amongst boutique fashion retailers and food &amp; beverage outlets boosted by the large number of visitors and residents year after year.
But she noted that the combined vacancy rate of laneways and arcades modestly climbed to 2.3% in February, slightly up on the long-term average of 2.2% and from 2% in June 2013.
Equally significant in the findings was the overall churn factor, which almost doubled since June last year to 11.9%. Restaurants and cafes, fashion clothing and other goods retailing were the top churning categories.
Shopping centres had the highest churn factor of 17.1%, the report said, as more landlords took the opportunity of soft retail conditions to refurbish in order to compete with limited retail trade growth over the past two years.
One trend to emerge from the challenging and competitive environment, said Ms Mondkar was the "repositioning of centres by aggregating previous vacancies into large discount department stores in order to uplift their occupancy levels".
Examples include Japan’s discount department store Daiso, which has recently taken up over 1,000 square metres of retail space at QV, as well as the leasing of GPO to H&amp;M, as a single occupant.
Figures from the research showed that prime CBD retail rents currently range between $2,500 and $6,000 a square metre, while secondary rents range from $800 to $1,800 per square metre.
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Melbourne CBD vacancies hit seven-year high

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Name: Edward Bull<img src="/images/2014/03/25/edward-bull-profile.jpg" alt="" style="float: right;">
Position: Queensland director
Company: CBRE
Office location: Brisbane
How long have you been in the industry?
It will be 11 years this year.
What’s happening in the area you specialise in?
Industrial is experiencing a strong resurgence and is a very popular asset class amongst the institutions, right down to mum and dad SMSFs. We are seeing yields tighten as a result of the lack of stock available and the influx of capital. With the low interest rate environment, we expect this to be the case for the short to medium term.
Describe the most interesting property you have sold?
Industrial is not often referred to as interesting, so will have to go with the biggest and most challenging which was a pre-sale and fund through for Toll Property in Brisbane for $84.5 million. From start to finish, it will have been an 18 month process.
What are the ingredients to being successful in your job?
Product knowledge and the ability to pick up the phone and build rapport and trust with someone you may not have met before. Strong work ethic, because I believe you get out what you put in but sometimes you have to persevere in difficult times and you need to be able to pick yourself up and go again when things don’t go your way.
What aspects of your role do you enjoy the most?
The camaraderie of working with a great team and culture at CBRE and also the satisfaction of completing a deal no matter how big or small.
Where would you invest a spare $750,000?
A mix of REITs focussed on industrial, and also direct industrial property through some of the more active reputable syndications.
Which football team do you support?
The Sydney City Roosters – go the chookies!
What’s your favourite app or techno gadget?
What’s an app? 
How do you use social media?
I am active on <a href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/edward-bull/1b/116/443" target="_blank">Linkedin</a> and find it a good way to create brand awareness.
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In profile: CBRE's Queensland director, Edward Bull

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A Bunnings warehouse in Melbourne's Hastings is being offered for sale.
Constructed in 2011, the 1837 Frankston-Flinders Road warehouse is 9,204 square metres and is leased to Bunnings Group- a subsidiary of listed conglomerate Wesfarmers on a 12 year lease.
The property is described as having "significant depreciation tax benefits".
The net income is estimated at $985,000 per annum, with a favourable net lease structure and fixed annual increases of 3%.
A public tender campaign closes on 17 April through Mark Wizel, Justin Dowers and Rorey James of CBRE, in conjunction with GrossWaddell.
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Bunnings Warehouse in Hastings offered for sale

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Property Investment Group has leased about 234 square metres of office space in the Savoir Faire office complex in Brisbane's inner west suburb of Milton.
The 3 + 3 year lease was taken at 25/20 Park Road and the deal reflected a gross rental of about $60,000 a year. The lease was negotiated by Alex Smith of Ray White Industrial Milton.
This is the only office level in this building with an external balcony and walkway entrance adjoining nearby retailers and restaurants in the heart of Park Rd.
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Property Investment Group take out Milton, Brisbane lease

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

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[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

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Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

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Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

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The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

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Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

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Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

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Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Katherine Jimenez

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