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International contractor Brookfield Multiplex has been hired by Greengate to build an $80 million aged care and retirement village in Sydney’s southern suburb of Kogarah.
The new St Patrick’s Green Aged Care and Retirement Village at 42- 48 Chapel Street will be a 21,000 square metre development and have three buildings. 
It will comprise 105 independent living units and a 92-room residential aged care facility that can fit in 100 beds. 
The village will have a communal lawn, café and terrace, lounge, theatrette, dining, hair salon and gym. 
Construction is scheduled for completion by late-2017. 
The site neighbours St Patrick’s Catholic Primary School and is on the former Bethany College site, where the old college buildings were recently decommissioned for the new project.
David Ghannoum, regional managing director NSW at Brookfield Multiplex, said the St. Patrick’s Green Aged Care and Retirement Village was another addition to its experience in building aged-care facilities. 
The contractor is already working on two others — The Terraces in Paddington and the Mark Moran seniors living village in Vaucluse, said Ghannoum.
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prateek24-ezbwHMbNAk

Brookfield Multiplex to build $80 million aged care facility in Sydney’s Kogarah

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A mixed-use development site in Melbourne’s Footscray has sold for $2.3 million before auction.
The 34 Moreland Street property has a permit for building 22 apartments over five levels and a ground floor commercial tenancy. 
The 370 sqm site sold on a unit rate of $104,545 per apartment and a land rate of $6,216 per sqm. 
The selling agents were Fitzroys’ Michael Ryan and James Gregson alongside Colliers’ Andrew Ryan and Hamish Burgess. 
The mixed-use zoned corner site comprises a single-level warehouse tenanted to pilates operator White Dog Studio on a three-year lease ending March 2018, returning $36,050 per annum. 
The permitted development of 1,271 sqm includes two and one-bedroom apartments and basement car parking. 
The site is located within the Footscray Activity Centre and close to Footscray Railway Station and Victoria University. 
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Apartment site in Melbourne’s Footscray sells for $2.3 million

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An industrial warehouse in Melbourne’s Coburg North has sold prior to auction for $1,725,000 at a yield of 8.34 percent. 
The warehouse at 10-12 Hocking Street is leased to Entouragefoods Pty Ltd for four years from August 2015 with another term of four years to follow and 3% annual increases. 
It provides a rental return of $144,000 pa plus GST and outgoings. 
The warehouse has a land area of 1,511 sqm and floor area of 1,893 sqm. The zoning is Industrial 1.
The selling agents were John Nockles and Seamus Bolst of CVA Property Consultants.
The property is surrounded by main arterials including Sydney Road/Hume Highway and Bell Street. 
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Warehouse in Melbourne's Coburg North sells prior to auction 

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An off-the-plan Bunnings Warehouse in Victoria’s Yarrawonga is being offered to the market by developer Pellicano Group through CBRE.
The property on 1.46 ha will be located within the Kaiela Business Park.
The sale is being handled by CBRE’s Justin Dowers, Mark Wizel, Kevin Tong and Joseph Du Rieu and according to them, it is expected to attract both local and offshore investor interest.
“Bunnings investments are always highly sought after, for a number of reasons. The net lease structure and fixed rental increases are favourable; along with the strength of the fundamental real estate given the strategic site allocations from Bunnings,” Wizel said of the home products retailer.
In late 2015, a similar Bunnings Warehouse in Swan Hill sold to an interstate private investor on a sharp yield of 5.11 percent.
Renato Pellicano of Pellicano Group said the developer had completed several projects within Yarrawonga and surrounds.
This is the first Bunnings Warehouse site offered for sale in Victoria in 2016, said CBRE’s Justin Dowers.
“We are finding that the lack of available investment grade properties for sale in metropolitan Melbourne has had a direct effect on the continual compression in yield differentiation between regional and metropolitan investment assets,” said Dowers.
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First Victorian Bunnings Warehouse offered in 2016

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Investors are moving beyond the traditional core markets and seeking alternative asset classes such as student accommodation where the fundamentals are strong, says the 2016 Australian Student Accommodation Market Report.
Growing investor and undersupply of student accommodation means that the market is changing rapidly. Savills research indicates that more than $2 billion of capital has been earmarked for development projects in student accommodation across Australia since the start of 2015.
Yields
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Current Indicative International Yields 
The following table provides an indication of Net Initial Yields for prime student accommodation investments across several countries with emerging and established markets as at March 2016. The spread of the prime yield to 10-year bond clearly illustrates a lower spread for the more mature and liquid markets of the USA and the UK. 
<a href="/images/2016/07/06/Screen%20Shot%202016-07-06%20at%2011.50.36%20PM.png" target="_blank">Click to enlarge</a>
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Australia 
Net Initial Yields in Australia have remained relatively static over the last 12 months, primarily due to the lack of transactional evidence. There is strong sentiment to suggest that yields are in a downward cycle, given the weight of capital that has entered the market and also the spread of current yields to the 10-year bond rate compared to more mature transaction markets. 
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The following table indicates the current net initial yields for Australia in 2016:
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Yields for Australian student accommodation likely in downward cycle: Savills 

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Melbourne's inner-eastern fringe suburb of Cremorne is seeing brisk tenant activity, with six new leases in the last eight weeks and more in the pipeline, according to real estate agency Teska Carson.
The tiny suburb is suddenly the flavour of the month, said Teska Carson's Fergus Evans.
"Cremorne has for a long time lived in the shadow of its more famous and more popular neighbour Richmond, but the number of businesses who are now making Cremorne home are challenging that dominance," said Evans.
"We have leased six properties recently and have several more tenants looking at what’s available." 
Evans and his colleagues have sold, leased and marketed more than 25 properties in the suburb over the last 18 months, 
New deals include those at:
<ul>
<li>36 Stephenson Street, Cremorne – three year lease to  Scene Change Pty Ltd; </li>
<li>40 Stephenson Street – four year lease to Merlin Migration Pty Ltd;</li>
<li>25 Gwynne Street – two year lease to Care Monkey Pty Ltd;</li>
<li>29 Gwynne Street – three year lease to Suppertime Australia;</li>
<li>14 Gwynne Street -   lease (term undisclosed) to  The Big Group;</li>
<li>44 Gwynne Street -   leased prior to construction (conjunctional with JLL)</li>
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Some tenants were now looking to avoid the queue by securing space prior to or during construction, including a new lease at 44 Gwynne Street and significant interest at a six-level office building under construction at 13 Cremorne Street, Evans said.
 
The former industrial suburb, famous for its Rosella factory which was established on Balmain Street in 1905, is bordered by Punt Road, Church Street, Swan Street and the Yarra River, and at 0.7 square kilometres, is one of the smallest suburbs on Melbourne’s fringes, but it is now punching above its weight.
"Cremorne is such a great location and that has been the key to this trend we are seeing now. It has access to everything that neighbour Richmond offers, including trains and trams, shops, restaurants, cafes and fashion on Bridge Road, Swan and Chapel streets," he said.
Cremorne was identified in the Victoria government’s Plan Melbourne document as one of a number of new urban renewal precincts to help accommodate a surging Melbourne population which is forecast to exceed Sydney’s population by 2050.
According to the City of Yarra and ABS data, Richmond’s population has grown from 22,789 in 1991 to 31,262 in 2014, a rise of 37 percent, and is expected to rise another 38 percent to 43,105 by 2036. The lion’s share of that growth is expected to occur in Cremorne and Burnley. 
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Melbourne's Cremorne the new black as tenants move in  

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All but one of the units at a 2+ plus business park at Kirkham Road in Melbourne’s Keysborough have sold ahead of completion of the 8,350 square metre development later this month.
The project was a joint venture between commercial developer Elite Property Group and Bayport Group.
Thirty-four units were on offer at the 2+ business park and sold for on average $1,800 per square metre to local businesses and investors, said a media release.
This follows Elite Group’s recent construction of the $25 million Port Melbourne Industry Park – a joint venture with the Spigelman family. The development has attracted occupiers such as Lorbek luxury cars and Reece, with selling rates topping $3,000 per square metre.
Elite’s managing director Leo Iazzolino said the group looks for locations with access to arterial roads and freeways.
“There’s no doubt the proximity to good transport links is an important factor for would-be purchasers,” says Iazzolino. “Extra kilometres means extra dollars for businesses.”
The 2+ business park is adjacent to EastLink and Port Melbourne Industry Park next to West Gate Freeway.
The leading agent for the 2+ Business Park is Renato Daniele from Collins Commercial &amp; Industrial.
Established in 1994, Elite has designed and built a number of commercial buildings in Melbourne’s south-east where the construction of EastLink has helped drive investment.
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Most units sold as Melbourne's $15 million Keysborough business park nears completion

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Construction company Hindmarsh recently completed the Dutton Lane retail development in Sydney’s Cabramatta, funded by Fairfield City Council.
The three-storey complex comprises ground floor retail shops and commercial offices. In total, the project delivers nearly 4,300 sqm of retail space and features a mix of around 30 retailers and 275 car spaces. 
Hindmarsh was appointed construction contractor for the circa $16 million project and finished it on schedule, said a media release. 
“This has been a rewarding project for everyone at Hindmarsh and we’re proud to have partnered with Fairfield City Council to revitalise a prominent site in Cabramatta,” said Hindmarsh CEO Rowan Hindmarsh. 
Over the course of the project, Hindmarsh inducted over 900 workers on site. 
In addition to the retail spaces, the development also has community rooms, community kiosks, improved footpaths and landscaping. 
 
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Sydney’s Cabramatta gets its new Dutton Lane retail complex 

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A site with development potential on the Nepean Highway in Melbourne’s Frankston is up for auction on July 15 and is expected to fetch around $1.3 million.
The 345 Nepean Highway property comprises a 1,303 square metre block of land zoned Commercial 1, with a single-level 225 sqm commercial building and on-site parking.
The property will be sold subject to a short-term lease to Lifeworks Relationship Counselling &amp; Education at an annual rental of $67,090 net.
It is suitable for various uses subject to council approval, according to a media release.
The property is being marketed by Teska Carson’s Matthew Feld, who expects the Nepean Highway to be key to the property’s value.
 
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Nepean Highway site in Melbourne to go under hammer

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A five-story building in Brisbane’s inner north suburb of Newstead has exchanged hands for $13.25 million.
The A-grade asset on 26 Commercial Road is positioned on a 760 sqm site.
The property was marketed as part of a portfolio of properties being sold by Heathley’s Diversified Property Fund. 
The building has a net lettable area of 2,195 sqm and has a diverse tenancy mix comprising Blue Commercial, Symposium Café, 20Cube, Emerchants Limited, White Retail Group and Gray Puksand. 
The deal was brokered by CBRE’s Peter Court and Darren Collins on behalf of Heathley Asset Management Limited to a Melbourne-based investor. 
“The property’s location in Newstead’s Urban Renewal Precinct was a key drawcard... with the area now regarded as one of Brisbane’s most revered office hubs,” Court said. 
“The precinct has experienced significant leasing success over the past 12 months, with vacancy decreasing from 16 percent to 10 percent." 
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Building in Brisbane's Newstead fetches $13.25 million 

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.

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.

[smartcode_project:default project_id=152737 project_image_fid=377675]

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.

[smartcode_project:default project_id=152737 project_image_fid=377685]

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.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

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.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

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>.

Prateek Chatterjee

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