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Former International Olympic Committee Vice-President and Shell CEO Kevan Gosper and wife Judy have sold their sub-penthouse in Melbourne's 'tower of power' Isis building, South Yarra.
It was <a href="/news/kevan-gosper-lists-south-yarra-trophy-apartment">first listed late August</a> with expectations of around $5.8 million. The Gospers purchased off the plan 11 years ago and a selling due to travel commitments.
The property sold through Jock Langley and Michael Derham of Abercromby's Real Estate without price disclosure.
Wood Marsh Architects designed the block, surrounded by gardens by Rick Eckersley. 
 The 400-square-metre apartment is one of seven developed on what were the grounds of Kalitha, the trophy home of Melbourne’s theatre operating family, the Carrolls.
The low-rise Isis building owners include former Ford boss Jacques Nasser.
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mick.cee-iDmgDDAmu8

Kevan Gosper sells tower of power South Yarra sub-penthouse

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Australian Catholic University has purchased a 13-storey office tower at 33 Berry Street North Sydney for an undisclosed sum through an off market expressions of interest campaign.
Located on the corner of Pacific Highway and Berry Street, the office was purchased to meet increasing numbers of students and teachers.
Colliers International’s Henry Burke said the property is fully leased and has a mixed use zoning.
“After owning the property for more than 20 years, the vendor is sad to see it sold but knew that the timing was right to move on, particularly given the strong lease profile and flexible zoning on offer to purchasers” he said.
 
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Australian Catholic University buys prime North Sydney spot  

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New development plans for Martin Place include outdoor dining between Sydney's Pitt and George Streets near the World War One memorial the Cenotaph.
The City is looking for public comment on the new draft policies which include a City North public domain plan that outlines new works to enliven Martin Place and streets running into Alfred Street at Circular Quay in preparation for light rail, and outdoor dining policies to cut red tape and make it easier to introduce outdoor dining by simplifying applications and extending licence periods to help create a more vibrant and active City.
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Under the proposed plan, restaurants can seek permits for outdoor tables well away from the Cenotaph.
Proposed changes also include upgrades to Alfred Street, Loftus Street, Reiby Place, Young Street and Phillip Street.
 
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Outdoor dining key to Martin Place makeover

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A Pyrmont site has been sold for $22.4 million with potential for development into approximately 50 residential apartments.
Government Property NSW has sold the 1,846sqm site at <a href="https://www.realcommercial.com.au/property-land+development-nsw-pyrmont-501551663" target="_blank">108 Miller Street, Pyrmont</a> to real estate developer, Thirdi Group.
Savills selling agent Stuart Cox said this site combined a remarkable location with exceptional potential for luxury residential apartments which attracted a multitude of enquiries from local and international developers.
“With a current median unit price of $950,000 in Pyrmont and the preference for inner city apartment living prices are expected to achieve over $18,000/sq m of NSA,” he said.
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Pyrmont site sold for $22.4 million

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GUEST OBSERVER
Of course, I finished my <a href="/expert-insights/is-sydney-now-the-rotten-apple-for-investors-oasis-gavin-mcpherson">last article</a> with a poke at the overpriced markets of Sydney and Melbourne. Now for someone that calls Sydney ‘home’ 3-4 days per week and in South East Queensland the other 3-4, I may as well call my hand early. That is...I’d only invest in Sydney and Melbourne perpetually, if all things were even.
The problem however is that things aren’t even, and they never have been. So let’s explore those discrepancies.
So with the prerequisite that you should read my last article, allow me to switch from bear to bull and start with the ripe opportunities that sit north of the NSW border. And I’ll start with the counterpoint of my last article with the introduction that “the cure for low prices...IS low prices.”
I’d ask the reader to think about it this way...using Gold Coast as an example.
<ul>
<li>Gold Coast didsuffer from overdevelopment in 2007. Over 100 cranes in the sky were witnessed with as many as 14,500 apartments (approved in 2004-2006) advanced from concept to delivery.  Of course, many of these sold while the market was solid, but as history would demonstrate, as many as 3000-4000 new apartments (without buyers) were delivered to the market just when the market turned on the eve of the Global Financial Crisis. Some of these properties still traded, with disgruntled buyers settling on them at the risk of being sued. Many of them returned these to the market trying to recover their costs. They failed.  Others returned their contracts and lost their property deposits. All in all, the market was flooded with all sellers trying to head for the exit at the same time, not to mention the oversupply of rental property, tipping the Gold Coast into 4%+ territory, one of the weakest across Australia.</li>
<li>But while the above took all the headlines, think about the effect this had on construction. Pre GFC, the Gold Coast had a raft of over 100 cranes featured in the skyline to satisfy the appetite of developers. Full circle to 2011, once the already committed projects of the Hilton and Soul were constructed...a total of only one crane only graced the Gold Coast skyline.</li>
<li>Fast forward 4-5 years, seeing in record low interest rates for domestic buyers and a stellar exchange rate for overseas buyers, Gold Coast is craving for more dwellings. How would I know this? Do you think I just made this up? </li>
</ul>
It’s easy. The Gold Coast now has sub 1% vacancy rates (REIQ). In fact, while other figures show 1.8% across the whole of the coast, it’s well understood that the congestion does appear on in the Surfers/Broadbeach /Mermaid and Main Beach districts, putting further downward pressure on this figure. Vacancy rates are a symptom of a market that does not have enough property. It’s also the reason why I envelope this notion in the adage that “low prices IS the cure for low prices.”
Bottom line, all the extra property that had been on the market after the GFC has been bought. Whether it sold for high, low or firesale prices is irrelevant. That property is all gone. Sold. And most likely with long term owners who are braced for long term investment, not about to return it to the market tomorrow and realise only minor profits. 
<ul>
<li>With vacancy rates this low and the Southern markets of Sydney and Melbourne now reaching their zenith, one also has the value proposition that the Gold Coast presents to the foreign buyer. A quick check on the algorithm for the $AUD to Chinese RMB (now 4.60 to $1AUD), noting that five years ago the equation represented a 25% currency increase, with the RMB to $AUD at 6.12. If you thought Gold Coast property was cheap before, try it with a 25% discount!</li>
</ul>
I concede that a 25% currency discount is an almost unfair advantage, and it’s the reason why my advice to clients now is not to hesitate on purchasing in the Gold Coast. With vacancy rates so low, a simple $450k investment, realising up to $480/$500 per week rental is all possible, with the near term pressure to push the rental yields up even higher as the sea change effect also brings more residents to the Gold Coast. 
Again I ask, do you think I’m guessing about this [migration to the Coast] Sea Change effect? Think again. For those who thought that Gold Coast is an employment desert, I’d challenge that with facts. In 2014, the Coast provided a whopping 181,856 net jobs increase. A different data sample reveals similar outcomes with recent figures from the Australian Bureau of Statistics (ABS) pointing to 14,100 net jobs increase per month. The fact that in 2013 that figure was 19,662 should demonstrate that the trajectory is not just good...it’s gobsmacking. With a current population of 535,000 and projections of a population of 680,000 by 2021, (QLD Office of Economy and Statistical Research Population) there is a lot of room for rationing this growth and still achieving outstanding property prices in the near future.  These recent ABS figures put the Gold Coast at the top of Queensland’s employment economy.  
Of course, other regions are not immune to the same primary drivers that subscribe to this logic (the cure for low prices IS low prices). That brings Wollongong, the Hunter and certainly some other regional bastions like Cairns and Townsville. For me however, the clincher is certainly the extra ‘froth’ that gets created around Gold Coast by the strong support by overseas investment. That is not to say some of these other regions do not see the same benefit; they do. But in its brief but important history, the Gold Coast sits at the top of the queue for international investment. And with all signs pointing to more inward investment that out with the $AUD exchange rate, look for “the Goldie” to outstrip all its peers in spades!  
So with my investor hat on now and the old adage that ‘the trend is your friend’...this is one trend that, in my opinion, is not only predictable...but imminent!
Gavin McPherson is chief executive officer of Oasis Property Buyers Agency and author of "Value Investing in Property: What would Warren Buffet do if he was investing in property in Australia?" He can be contacted <a href="https://www.oasisproperty.com.au/oasis-buyers/oasis-property-buyers.php" target="_blank">here</a>.
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The ripe apple for investors? Oasis' Gavin McPherson

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Hervey Bay has gradually absorbed any excess apartment overstock over the last five to six years after a sustained period of oversupply and wavering sales prices, according to Herron Todd White.
Herron Todd White's September Month in Review found currently there is reasonable demand for units close to the CBD and beach, with the sales price difference between new and old apartments minimal.
"Onground 1990 two bedroom, one bathroom units may sell for only $20,000 less than a circa 2007 modern two bedroom, two bathroom townhouse in a similar location," the report noted.
"It appears that the demand for onground units appeals to a wider market and is likely to appeal to an older buyer (with many retired residents on the Fraser Coast).
"Most of the older unit stock in original condition predominantly sells from $190,000 up to $230,000. Newer units may typically sell for between $250,000 and $330,000, with higher priced stock above this range selling for $380,000. Buyers in the unit market comprise a mix of investors and owner occupiers, with most units selling within six months of the original listing."
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Affordability key to Hervey Bay unit market: Herron Todd White

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Units and apartment complexes in Mildura constructed between 1970 and 1990 are seen as a safe, positive cash flow investment, according to Herron Todd White.
Herron Todd White's September Month in Review found apartments and complexes built during period, typically containing three or four attached two bedroom units, 1.5km from the city have strong occupancy rates.
The report noted value movements have tended to be lower for attached units than for detached housing, although increasing rents and decreasing interest rates have made their yield more attractive in recent times.
"Some complexes are held under an Owner Corporation structure, while others are not and our advice to owners has been that it is probably not worth strata titling those complexes still on a single title, as these complexes are quite affordable for investors, typically selling for between $300,000 and $500,000," the report said. 
"There are still opportunities to refurbish some of the older unit complexes with the benefit of then generating higher rents and reduced maintenance costs."
 
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Land appreciates, buildings don't in Mildura: Herron Todd White

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The New South Wales government is shooting for a target of 90% of housing approvals processed within 40 days however will need a better planning system to achieve this, according to the Property Council of Australia.
The state government outlined the possibility of the new accountability framework this week.
Property Council of Australia executive director Glenn Byres said reaching the 40-day target will require a quantum leap forward in culture, process and practice, particularly for multi-unit residential projects now common in the market.
“The Government's own data makes clear the average determination time for residential development applications is currently 65 days," he said.
"We know Sydney is forecast to have a housing supply deficit of 190,000 by 2024 without action – and reducing the time and cost of bringing new homes to market is part of the fix.
“This requires swifter pathways for all housing but there needs to be a particular emphasis on multi-unit residential given the urban renewal occurring in Sydney."
 
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Better planning system needed to achieve NSW approval goals: Property Council of Australia

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An educator has paid $13 million for a Collingwood office building inside the Foy &amp; Gibson complex at 150 Oxford Street.
The four level property totals <a href="https://www.realcommercial.com.au/property-land+development-vic-collingwood-501652433" target="_blank">3336 square metres of office space </a>over two levels with a lower level warehouse and 86 car spaces over the remaining two levels.
Savills agent Clinton Baxter, who brokered the deal with Colliers’ Peter Bremner and Ted Dwyer said significant interest had come from developers desperately seeking residential development opportunities in Collingwood given the demand for inner-city apartments.
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$13 million paid for Collingwood office building

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The unit market around the Sunshine Coast is patchy, according to Herron Todd White, who believe the market peaked early 2008 and unit sales activity halved to their lowest point in 2012.
Herron Todd White's September Month in Review said sellers became more accepting of the repriced unit market with an increase in volumes in 2014 and sales volumes and median prices are on track to beating that in 2015.
"Unlike houses, the unit values have increased but far more slowly with a median unit price in 2014 of $352,000," the report noted.
"In 2015 we are on track for sales volumes and median prices to better 2014. Most of the activity is below $500,000 which accounts for 77% of the sales. 
"The median unit price reached around $370,000 in 2008 and the volume of sales reaching 4,465 for 2007 and 3,337 for 2008. After this, sales halved to their lowest point in 2012 at 2,290 sales and a median unit price low of $345,000."
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Sunshine Coast units peaked in 2008: Herron Todd White

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.

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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.

Joel Robinson

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.

[smartcode_project:default project_id=152737 project_image_fid=377679]

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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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

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The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

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Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

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“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

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Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

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Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

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The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Michael Crawford

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News