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Renovation flipping in Ipswich property market is not a dominating factor, according to Herron Todd White’s (HTW) latest report.
The property investment firm says that owner-occupiers make up the majority of renovators.
“The renovation revolution is an element of the Ipswich property market, however by no means a dominant activity,” the report stated.
“The majority of renovators are owner-occupiers.
“Ipswich is a price sensitive market and accordingly home owners should be very mindful of expenditure versus added value.
“For that reason the majority of renovations in this location are limited to painting, a new bathroom, new kitchen and floor coverings.
“With the low price point of units in the Ipswich market, it is somewhat difficult to undertake renovation projects with a view to capitalising on works completed.”
HTW comments that popular and highly regarded areas are where renovations are more likely to occur.
“The suburbs of Ipswich that contain a number of character dwellings are typically the most popular and more highly regarded areas in which to undertake renovations,” the report commented.
“These include Woodend, Saddliers Crossing, East Ipswich, Newtown and Ipswich Central.”
Presentation of the property are the primary aim of renovations HTW says.
“The most prudent approach is to undertake renovations that enhance the presentation of the property,” the report advised.
“For example some minor carpentry work and painting can convert a residence with enclosed verandah to something that resembles a typical character dwelling that is very welcoming and has enhanced street appeal.
“Painting throughout, floor coverings and modern kitchen and bathrooms are always the best for achieving capital value improvement.
“We would however recommend staying away from locations that do not typically attract renovators and that generally comprise dated or original housing.
“It is difficult to achieve top price for your renovated property when so many around you are well below the standard. This often leads to over capitalising.
“The most important component of buying and renovating, particularly in a price sensitive area such as Ipswich, is the purchase price.
“Astute buying is so often where risk can be somewhat nullified to place yourself in the best possible position.”
A renovation-ready two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-east+ipswich-124689670" target="_blank">49 Blackall Street</a>, East Ipswich (above) has been listed for $209,000.
Similarly a four bedroom ready for renovation at <a href="https://www.realestate.com.au/property-house-qld-woodend-125707854" target="_blank">8 Pryde Street</a>, Woodend (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/20/8%20Pryde%20Street.jpg" alt="">
A three bedroom Queenslander, <a href="https://www.domain.com.au/31-salisbury-road-ipswich-qld-4305-2013626041" target="_blank">31 Salisbury Road, Ipswich</a> (below) is on the market with expectations above $455,000.
<img src="https://www.urban.com.au/images/2017/06/23/Screen%20Shot%202017-06-23%20at%2010.26.06%20AM.png" alt="">
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j.ballantyne1990-6AQqhLzZaK

Majority of Ipswich renovators are owner-occupiers: HTW

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The regional housing markets of Australia have long been laggards when compared to the capital city markets however, the latest data shows that many of these regions have seen values rise over the past year.
Looking at data for the 50 most populous non-capital city council areas, the majority of them have seen house and unit values increase over the 12 months to May 2017.
The data indicates that after a long period of soft housing market conditions following the financial crisis, housing demand is starting to pick up across many of the larger regional areas.
Those areas that are continuing to see values fall are in many instances linked to the mining and resources sector.
Median house and unit values and 12 month value change to May 2017 in largest non-capital city council areas:
<img src="https://www.corelogic.com.au/resources/property-pulse/article-graphs-img/2017-06-23--pp1.jpg" alt="2017-06-23--pp1" width="542" height="1067">
Of the non-capital city council areas analysed, the Wollongong council area is the most expensive for houses ($730,427) and units ($530,170) as well as having seen the greatest increase in house values and the fourth highest increase in unit value over the past year.
The Wollongong housing market has seen housing demand rise as demand ripples away from Sydney where affordability constraints are more pressing.
Additionally, prices are being pushed higher as more people seek out coastal and lifestyle properties.
In New South Wales in particular, regional areas of the state, particularly those reasonably close to Sydney are generally seeing strong value growth.
This is most likely linked to affordability relative to Sydney as well as Sydney home owners using the equity in their home to purchase investment properties in lifestyle markets.
The regional areas of Victoria, particularly those close to Melbourne, are experiencing value growth however, it is nowhere near the magnitude to which values are growing in those locations close to Sydney.
Although values are rising, the relatively softer growth can be linked to the fact that values have not risen as sharply in Melbourne as they have in Sydney and subsequently affordability hasn’t deteriorated as severely in Melbourne.
Queensland’s results are somewhat more mixed with the south-east corner generally seeing values rise while elsewhere growth is extremely mild or values have fallen.
In fact, the Gold and Sunshine Coasts and Noosa are seeing more rapid value growth than Brisbane is.
It seems as if a lot of demand across these regions is coming from the accelerating internal migration to Queensland and buyers from Sydney and Melbourne that have substantial equity in their homes and are looking for lifestyle properties.
Of the areas that we looked at, each of the 24 regions we highlighted in New South Wales have recorded value growth for houses over the past year.
For units, only four of the 24 regions have recorded value falls over the past 12 months.
In Victoria we highlighted 10 regional council areas in the analysis.  Of these regions analysed, two recorded value falls over the year for houses and two regions also recorded falls for unit values.
Greater Shepparton was the only council area of the state which recorded value falls for houses and units.
Of the 13 regions highlighted for Queensland, five have recorded value falls for houses over the past year and seven have recorded declines for units.
Each of the regions highlighted in Western Australia have recorded value falls over the past year for houses and units.
Launceston was the only region analysed in Tasmania and it has seen house and unit values rise over the past year.
It should be noted while values have increased they have done so at a more moderate pace than those in Hobart.
Overall it seems that housing demand in regional areas of the country is rising.
While many regions are seeing value increase, the strongest demand appears to be in those areas within relatively close proximity to capital cities, particularly those which are coastal and tap into lifestyle demand.
Cameron Kusher is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/" target="_blank">here</a>.
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Regional property price growth is on the way: CoreLogic

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West Gladstone is the cheapest Queensland locality to rent a unit, according to Investar’s latest June report.
The property investment firm says that the median rent price at West Gladstone is $130 a week.
This is followed by Chinchilla with $145 and Dolphin Heads, Dalby and Ingham with $170 a week.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="106">
Postcode
</td>
<td valign="top" width="106">
Bedrooms
</td>
<td valign="top" width="106">
Current median rent
</td>
</tr>
<tr>
<td valign="top" width="106">
West Gladstone
</td>
<td valign="top" width="106">
4680
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$130
</td>
</tr>
<tr>
<td valign="top" width="106">
Chinchilla
</td>
<td valign="top" width="106">
4413
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$145
</td>
</tr>
<tr>
<td valign="top" width="106">
Dolphin Heads
</td>
<td valign="top" width="106">
4740
</td>
<td valign="top" width="106">
Studio and 1
</td>
<td valign="top" width="106">
$170
</td>
</tr>
<tr>
<td valign="top" width="106">
Dalby
</td>
<td valign="top" width="106">
4405
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$170
</td>
</tr>
<tr>
<td valign="top" width="106">
Ingham
</td>
<td valign="top" width="106">
4850
</td>
<td valign="top" width="106">
2
</td>
<td valign="top" width="106">
$170
</td>
</tr>
</tbody></table>
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-west+gladstone-411555943" target="_blank">23/7 Kent Street</a>, West Gladstone (above) has been listed with $125 per week asking rent.
Last year in August the property was available for rent from $175 per week, however 20 days later it was reduced to $150 per week.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-west+gladstone-418741794" target="_blank">Unit 1/33 Watt Street</a>, West Gladstone (below) has been listed for $140 per week.
The renting price remained the same last year while in 2012 it came with a $480 per week asking rental. The 1970s offering had sold in 2012 at $335,000. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/09/Unit%201_33%20Watt%20Street.jpg" alt="">
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Rents are still well down at West Gladstone, the cheapest Queensland locality: Investar

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The chief executive of development and construction group John Holland, Joe Barr, says there is a massive oversupply of apartments in some areas.
"I think in some areas there is massive oversupply [of apartments] and that is going to be problematic for values," Mr Barr told The Australian Financial Review.
"Most of the economic commentary on that is fairly on the money."
"You look at the amount and sustainability of the demand supply equation in some areas and there are so many apartments. How do you differentiate yourself?"
"[The market] has got to come off and I think most of the mainstream media has got the commentary going."
Mr Barr warned that the constant roll out of apartments without proper infrastructure was dangerous.
"Apartments need to be integrated with public transport and a good community- you can't create a void of just mass residential without the community," he said.
"The Metro [in Sydney] is a gamechanger. It is a no brainer to take cars off the road and volumes of people into town. We want to make the most of this infrastructure boom - it is a huge opportunity to change the shape of cities."
He noted that the Chinese parent company's approach to developing thousands of apartments in China was to ensure there was plenty of infrastructure supporting new development.
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Massive apartment oversupply warning comes from John Holland boss

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Brisbane's best performing Inner Ring suburb for houses in terms of capital growth was Seven Hills, recorded an average of 10.3 percent growth over the past 12 months according to Place Advisory.
This was closely followed by South Brisbane, which saw 10.2 percent growth.
For apartments Highgate Hill saw the highest capital growth with 11.4 percent growth.
The strongest performer for houses in Brisbane’s Middle Ring was Chermside, recording 14.2 percent capital growth.
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-7.jpg" target="_blank">Click to enlarge</a>
 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-7.jpg" width="700" height="425">
Place Advisory said Chermside’s proximity to employment nodes, infrastructure, retail precincts and various amenities make the suburb a popular choice for buyers and tenants alike. 
"Rocklea and Gordon Park were the best performing suburbs for apartments in Brisbane’s Middle Ring, recording 5.6 percent capital growth," Place advisory said.
"Meanwhile, the housing market in Seventeen Mile Rocks was the Outer Rings top performer, recording 12.0 percent capital growth.
"Previously an industrial area, Seventeen Mile Rocks has seen a number of housing estate developments in recent years.
"For apartments, Geebung in Brisbane’s North, saw the strongest capital growth, recorded at 6.9 percent.
"The Inner City suburb of Teneriffe has the highest median sale price across Brisbane’s Inner Ring, currently sitting at $1,850,000.
"Teneriffe is one of Brisbane’s most desirable riverfront suburbs and is home to a number of prestigious dwellings.
"For apartments, Norman Park, located in Brisbane’s Inner East has the highest median sale price of $680,000.
"Ascot, located in the Middle Ring, is regarded as one of Brisbane’s most prestigious suburbs as it offers easy access to the CBD and excellent local amenities and infrastructure.
"Ascot is the Middle Rings most expensive suburb, recording a median house price of $1,344,000.
"For apartments, the tightly held suburb of Bardon tops the list with the median apartment price currently sitting at $622,750.
"The suburb of Robertson in Brisbane’s Outer Ring recorded the highest median sale price, currently sitting at $1,072,500.
"The suburb is a popular choice for young families as it offers large houses and easy connectivity to the CBD and surrounding suburbs, Westfield Garden City, Griffith University and the QEII Jubilee Hospital.
"Kenmore in Brisbane’s outer west recorded the highest median sale price for apartments, currently sitting at $639,500.
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-9.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-9.jpg" alt="">
"We have divided Brisbane’s suburbs into three regions, Inner, Middle and Outer, which represent 5km, 10km and 20km rings from the CBD as shown in the map below.
"This map is colour coded, with the darker green representing Brisbane’s Inner Ring, orange being the Middle Ring suburbs and the light blue representing Brisbane’s Outer Ring.
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-1.1.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-1.1.jpg" alt="">
What are the main differences between these rings?
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-2.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-2.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-3.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-3.jpg" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-4.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-4.jpg" alt="">
"The graph below breaks down the number of sales and median sale price for houses in each of the three rings over the past ten years.
"As expected, Brisbane’s Inner Ring is the most expensive region, recording a median house price of $875,000 over the six month period ending December 2016.
"Houses in the Inner Ring are 22 prercent more expensive that those in Brisbane’s Middle Ring, recording a median sale price of $715,000 and 56% more than houses in the Outer Ring at a median price of $560,000.
"Over the past ten year period Brisbane’s Inner and Middle Rings saw similar price growth, recording 5.4 percent and 5.3 percent growth per annum respectively, whilst the Outer Ring suburbs recorded a slightly lower 4.8 percent growth per annum.
"Sales results over the past 12 months however, have seen Brisbane’s Middle Ring outperform, recording 4.6 percent price growth, whilst the Inner and Outer Rings saw just 3.5 percent and 3.3 percent price growth respectively.
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-5.1.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-5.1.jpg" alt="">
"In terms of the number of houses sold, Brisbane’s Outer Ring saw the highest number of sales.
"Representative of the supply, the six month period ending December 2016 saw 3,764 transactions take place in the Outer Ring, accounting for half of total sales across Brisbane.
"This was followed by the Middle Ring, which saw 2,543 sales occur, whilst Brisbane’s Inner Ring recorded just 1,183 transactions for the period.
"It’s no secret that the Brisbane apartment market has suffered in recent periods. As shown in the graph below, each of the three regions have experienced varying amounts of decline over the past two years.
"Over the past 12 month period, Brisbane’s Inner Ring has experienced the largest decline in median apartment prices, decreasing by 3.5 percent.
"This was followed by the Middle Ring, declining by 2.7 percent over the period, whilst apartment prices in Brisbane’s Outer ring decreased by just 0.7 percent over the period.
"The Inner Ring does however, remain to be the most expensive region to purchase an apartment.
"During the six month period ending December 2016 apartment prices sat at $468,000, compared to $445,000 in the Middle Ring and $380,000 in Brisbane’s Outer Ring.
"Longer term, the Middle ring has experienced the highest price growth, with median apartment prices increasing by 3.5 percent per annum over the past ten years, followed by the Inner Ring and the Outer Ring, recording 2.7% and 2.3% price growth per annum respectively over the past ten year period.
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-6.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-6.jpg" alt="">
"The Inner Ring saw the highest number of transactions occur over the December 2016 six month period, recording 2,252 apartment sales.
"This was followed by the Middle Ring, which saw 1,418 sales and the Outer Ring, recording 938 transactions. 
"Place Advisory has summarised the five most affordable suburbs, based on median sale price, for houses and apartments in Brisbane’s Inner, Middle and Outer Rings over the past 12 month period.
"Within Brisbane’s Inner Ring, the riverfront suburb of Fairfield was the most affordable for houses, recording a median sale price of $675,000.
"For apartments, East Brisbane topped the list, with median prices currently sitting at $395,000.
"Meanwhile, Rocklea is the most affordable suburb for both houses and apartments in Brisbane’s Middle Ring, recording a median of $385,000 and $320,250 respectively.
"The suburbs older style homes, industrial areas, lack of amenity and high flood risk in recent years have kept property prices low.
"Brisbane’s Outer Ring, home to larger blocks of land, cheaper homes and less amenities, are generally Brisbane’s most affordable suburbs.
"However, with improving infrastructure these suburbs are becoming increasingly popular, particularly with first home buyers and young families.
"Houses in Wacol and apartments in Deagon were the Outer Rings most affordable suburbs, with median sale prices currently sitting at $305,500 and $125,000 respectively.
<a href="https://www.propertyobserver.com.au/images/2017/06/14/Chart-8.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/14/Chart-8.jpg" alt="">
For more information from Place Advisory, <a href="https://www.placeprojects.com.au" target="_blank">click here</a>.
 
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Brisbane's Seven Hills is Inner Ring's best performing housing suburb

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Ray White Broadbeach prestige agents Sam Guo and Julia Kuo have just sold more than $22 million of Gold Coast property across eight properties over the past four weeks.
So far this year Mr Guo and Ms Kuo have sold more than $110 million in the current financial year.
This dynamic pair have established a reputation in the Gold Coast's competitive and challenging market.
Mr Guo, who was born in Sichuan province said his Chinese heritage was definitely a big advantage in his sales success.
"Of course, there’s no doubt.
“But then I always have a good month before I go away as I try and close all the deals before I go to and have a break with my family, and not leave any open.
“I like to leave and have good peace of mind that I have worked hard for my owners and I can enjoy my break,” said Mr Guo before he heads off overseas for a few weeks.
Click to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/28/201706280942-31085-22mSoldin23Days.jpg" alt="">
Of the eight properties, half sold to local families or interstate buyers, and the rest to international buyers.
"My Chinese buyers of 14 Southern Cross Drive, Cronin Island who just bought it for $5.6 million spent three days with me and then bought that one.
"Chinese buyers are comfortable with us as there is trust and often people in the Chinese community will refer me as someone they can trust.
“They say ‘deal with him, good choice’. Word of mouth referral is critical with Chinese people and if I get positive referrals then definitely helps.”
Number 14 Southern Cross Drive, Cronin Island was a grand three-level six bedroom north-facing mansion on 1262sq m.
“This house represents opulence from a time gone by," Mr Guo said.
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Top Gold Coast agents sell $22 million in past four weeks

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A North Bondi retail and residential block is on the market to help fund a hotel development in Melbourne.
The property, 50 Blair St North Bondi, is owned by Melbourne’s coffee king Salvatore Malatesta and is on the market through CBRE agents Gemma Isgro, Michael Khouri and Nicholas Heaton.
The property features four one bedroom apartments, two car spaces, a retail tenant on a five year lease with options until 2031 and a net passing income of $148,428.64 per annum.
The property is up for auction Tuesday, 1 August 2017 at 10.30am AEST at AuctionWORKS, Mezzanine Level, 50 Margaret Street, Sydney.
 
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North Bondi retail and residential block on the market

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A fully leased, boutique style office building in South Melbourne, on the CBD fringe, has been sold by Savills for $4,2 million.
The property at <a href="https://www.commercialrealestate.com.au/property/21-yarra-place-south-melbourne-vic-3205-2013581512" target="_blank">21 Yarra Place</a> was being marketed through an expressions of interest campaign that closed June 7 and was expected to fetch around $4 million.
The selling agents were Clinton Baxter, Nick Peden, and Benson Zhou.
Designed by Hayball Architects, the four-level building includes a timber façade, modern fit-out, eco-friendly materials and an internal vertical garden. It has views of the CBD and Port Phillip Bay.
Baxter said the building had all the credentials to attract serious investors, such as a blue chip suburb location, a near new building with depreciation benefits and fully leased with strong rental growth potential.
<img src="https://www.urban.com.au/images/2017/06/28/SavillsYarra2.png" alt="">
The property is fully leased to Caramel Creative on a new five-year term with two five-year options at a current net annual rental of $168,000.
The yield works out to be 4 percent.
“Property in South Melbourne has exceptional potential simply by virtue of its proximity to the CBD and the benefits that proximity can offer especially to businesses and that has driven strong growth in the precinct over the last few years,” added Zhou.
 
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Modern office building on Melbourne CBD fringe sells for $4.2 million through Savills

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The Piccolo Bar, just off the main strip in Sydney’s Kings Cross - which recently featured in the ABC-TV series Rake - is closing its doors after 65 years.
“It is very sad,” says its longtime owner-operator Vittorio Bianchi, 82, who came to work as the barista in the tiny café as a 29 year old in 1964.
He said the Cross was so quiet now - blaming the lockout laws and the ban on smoking inside, and outside, cafés for the likely end of the Cross's oldest coffee bar.
"The politicians have done a good job of killing the place,” he told Fairfax Media
The Piccolo Bar, on Roslyn Street, had a clientele that’s included prime ministers from Gough Whitlam to Malcolm Turnbull.
There were the screen stars like Mel Gibson, Judy Davis and Jeremy Irons, artist Brett Whiteley, writer Dorothy Hewett and murdered activist Juanita Nielsen.
“We used to be open 24 hours,” says Italian émigré Bianchi. 
His café is now up for lease through agent Ron Danieli with hopes that someone will keep it running as a coffee shop.
The lease is around $500 per week, plus GST and outgoings.
The café opened first in the 1940s and in its current form as the Piccolo Bar in 1952.
After Bianchi suffered a heart attack, a triple by-pass in 2014, and then suffered a bout of cancer last year, his niece-in- law Tina Newton-Carra took over the cafe.
Bianchi still dropped in regularly to chat to his regular loyal clientele, and take a turn on the coffee machine.
Now she wants to work full-time on her new business, creating a same-sex online wedding directory, OneLove Wedding Directory.
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Piccolo Bar, Kings Cross, closing after 65 years

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Artist James Powditch’s converted Annandale warehouse passed in at weekend auction has now been sold.
The $2.85 million opening bid was followed by a vendor bid of $3.7 million, which is understood to be the sale price.
When <a href="https://www.domain.com.au/9a-albion-street-annandale-nsw-2038-2013608848" target="_blank">mixed-media artist James Powditch</a> and his wife, graphic designer Diane Adair bought their Annandale home, it was just an empty shell of a warehouse.
It was marketed as one of the best warehouse residences in Sydney. 
BresicWhitney agent Chris Nunn had a $3.5 million price guide for the 320 sqm building.
The couple paid $1.05 million before its conversion in 2010 into 500 sqm of internal living space, including five bedrooms.
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James Powditch secures Annandale warehouse sale

Article summary

<ul data-end="785" data-start="311">
	<li data-end="459" data-section-id="5hbcyr" data-start="311">Pikos Group has released the five-penthouse collection at Skye Kangaroo Point, headlined by a two-storey sky home spanning more than 1,000 sqm.</li>
	<li data-end="561" data-section-id="1p7lq8n" data-start="460">Early buyer interest suggests the residences could set a new Queensland apartment price record.</li>
	<li data-end="667" data-section-id="1y70z0l" data-start="562">The collection includes four move-in ready penthouses and the highly customised Skye One residence.</li>
	<li data-end="785" data-section-id="yvm0y1" data-start="668">The release caps one of Bri​sbane's most ambitious luxury apartment developments overlooking the Brisbane River.</li>
</ul>

<hr data-end="790" data-start="787" />
Pikos Group has released the five-penthouse collection at its <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye by Pikos</a> development in Kangaroo Point, with early buyer interest indicating the flagship residences could eclipse every apartment sale previously recorded in Queensland.

The collection crowns the luxury riverfront development with five residences, including four completed penthouses and Skye One, a two-level sky home spanning more than 1,000 sqm that will be tailored to its eventual owner.

[smartcode_project:default project_id=90059 project_image_fid=374075]

Wanting to offer a fully customisable home, Pikos is offering Skye One as a blank canvas, allowing the buyer to work alongside the developer's design team to customise the home's layout, finishes and internal spaces.

The residence will feature a 247 sqm private rooftop terrace with its own swimming pool, sauna, steam room, outdoor kitchen and multiple entertaining areas overlooking the Brisbane River and CBD skyline.

The remaining four penthouses have been completed and are ready for immediate occupation, each offering four bedrooms, expansive open-plan living areas, soaring ceilings and private lift access.

[smartcode_project:default project_id=90059 project_image_fid=374059]

One of the defining features throughout the project is its use of Roman Classic Travertine, with more than 20,000 sqm of the natural stone imported from Italy after being personally selected by Pikos Group Founder and Executive Director Pedro Pikos, interior designer Julie Williamson and third-generation stone specialist Mario Caucci.

Pikos said the penthouse collection represented the culmination of the company's long-term vision for Skye.

"True legacy isn't measured by what we build today, but by what endures tomorrow," Pikos said.

"Our ambition is to create places that become more valuable with time, enrich the lives of generations, and stand as timeless landmarks long after we've stepped away."

[smartcode_project:default project_id=90059 project_image_fid=374060]

Williamson said the interiors were inspired by the natural character of Kangaroo Point and the Brisbane River rather than international design trends.

"Materiality tells the story of a place," Williamson said.

"We looked to the movement of the Brisbane River, the texture of the cliff face and the warmth of the surrounding landscape to create interiors that feel understated, enduring and unmistakably Brisbane."

Positioned above the Kangaroo Point cliffs, Skye places residents within walking distance of Howard Smith Wharves, South Bank and James Street while offering uninterrupted river and city views.

[smartcode_project_cta:default project_id=90059]

Joel Robinson

Brisbane's next apartment price record? Pikos unveils Skye's exclusive penthouse collection

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

A proposal to redevelop one of North Sydney's ageing commercial buildings has taken another step forward, with plans for a 38-storey mixed-use tower adding momentum to the long-awaited transformation of the Alfred Street precinct.

Now on public exhibition through the NSW Government's Housing Delivery Authority-led State Significant Development pathway, the proposal for 271-273 Alfred Street would replace an underutilised commercial building with 95 apartments, ground-floor retail, commercial space and affordable housing. The proposal was submitted by&nbsp;Tara Shore Pty Ltd, acting for the John Taylor Family Trust.

While the project will deliver much-needed housing on the southern edge of the North Sydney CBD, it also represents another piece of a broader precinct that has spent years in planning limbo.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="7e1ce1b4-38df-48ab-992f-386814d86308" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20podium.png?VersionId=sC_h6w.A9VEoB98qsqowPlIoz__sBZBt" />

Despite its proximity to both North Sydney Station and the Victoria Cross Metro, redevelopment of Alfred Street has progressed slowly over the past decade as broader planning controls, zoning and building heights remained unresolved. The introduction of the Housing Delivery Authority pathway has provided a new avenue for projects to progress, allowing rezoning and development assessment to occur concurrently and unlocking sites that have long been earmarked for renewal.

Designed by Office of Cortese &amp; Gilder, the proposal seeks to do more than replace an ageing office building. The architects have positioned the project as the first stage of a wider public domain vision that would improve pedestrian connectivity and create a more cohesive mixed-use precinct as neighbouring sites are redeveloped over time.

The proposal includes a widened Alfred Street setback, new street trees, landscaping and outdoor seating, along with a landscaped through-site pedestrian link connecting Alfred Street with Little Alfred Street. The connection is intended to become the first section of a future east-west pedestrian network extending across the precinct.

<img alt="First look: New public domain vision underpins 95-apartment North Sydney tower on Alfred Street" data-entity-type="file" data-entity-uuid="8ea39ac3-46ad-4562-b4a0-b862e91c2dda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Alfred%20St%20da%20site.png?VersionId=K7umCd21KpetEFuVfsPlnJKhUOsmTTdV" />

The mixed-use tower would comprise retail space at ground level, commercial uses on level two and apartments from level three upwards.

In total, the development would deliver 95 apartments, including nine one-bedroom, 28 two-bedroom, 56 three-bedroom and two four-bedroom residences. Twenty-one apartments, representing 15 per cent of the residential gross floor area, would be secured as affordable housing and managed by a registered community housing provider for at least 15 years.

Nine basement levels would provide 133 resident car spaces, seven motorcycle spaces and 111 bicycle spaces.

According to the Architecture and Urban Design Report, the public domain strategy is designed to transform what is currently an inward-facing commercial edge into a more active and connected pedestrian environment, creating a stronger relationship between the commercial core and surrounding residential neighbourhoods.

Office of Cortese &amp; Gilder has also prepared a broader public domain framework spanning neighbouring properties between 263 and 283 Alfred Street, arguing that a coordinated approach to redevelopment will deliver better public spaces, improved tower separation and a more connected streetscape as the precinct evolves.

The proposal comes at a time where North Sydney is slated for future residential growth. Commercial developer FiveX has residential plans for the neighbouring site at 275 Alfred Street. They've proposed a 39-storey mixed-use tower with 184 apartments, while Freecity was recently approved for nearly 300 apartments across a 51-storey building on Walker Street.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-freecity-gets-green-light-for-mixed-use-apartment-and-hotel-tower-in-north-sydney">First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-plans-39-storey-residential-tower-in-booming-north-sydney">First look: Fivex plans 39-storey residential tower in booming North Sydney</a>

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Alfred Street the latest North Sydney pocket to be transformed by residential development

Buyers considering a residence at boutique Gordon townhouse development <a href="https://www.apartments.com.au/new-townhouses/lume-gordon-43-47-dumaresq-street-gordon-nsw-2072">Lume</a>&nbsp;now have another reason to bring forward their decision.

For a limited time, purchasers of a residence at Lume will receive a BMW iX3 50 electric SUV, valued at more than $120,000, as part of their purchase. The offer is designed to add value for buyers while complementing the lifestyle envisioned for the architecturally designed Upper North Shore development.

Scott Timmins, Development Manager at <a href="https://www.apartments.com.au/developers/winim">WINIM</a>, said the partnership was created to provide buyers with a compelling reason to act.

"In today's market, buyers need a compelling reason to act now, and the BMW partnership was designed to create that catalyst. We wanted to add genuine value for our future purchasers. Choosing the all-electric BMW iX3 50 also reflects the values behind LUME, forward-thinking design, innovation and a more sustainable way of living. It's a premium incentive that complements the lifestyle our buyers aspire to and rewards those who commit early."

[smartcode_project:default project_id=7354 project_image_fid=374893]

Delivered by WINIM in partnership with Burtonwood Investment Partners, Lume comprises 14 architecturally designed two, three and four-bedroom townhomes created for families seeking the space of a freestanding house with the ease of modern, low-maintenance living.

The three-storey residences, designed by award-winning architecture practice <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, have been tailored for families and multi-generational living, featuring private internal lifts, flexible lower-level spaces, generous open-plan living and entertaining areas, media rooms, and landscaped outdoor spaces with custom outdoor kitchens.&nbsp;

Inside, engineered oak flooring, bespoke dining joinery with integrated wine fridges and backlit bars, sculptural porcelain bathrooms, Parisi freestanding baths and Astra Walker tapware create interiors that balance functionality with refined finishes.

Each townhome has been designed to combine generous internal spaces with sustainability initiatives such as EV charging infrastructure, while <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>'s landscaped communal areas, centred around a restored creek line and native planting, encourage residents to connect with nature and spend more time outdoors.

[smartcode_project:default project_id=7354 project_image_fid=269527]

Rothelowman's Gary Tsui said the architecture was conceived to respond carefully to its Upper North Shore setting.

"Our vision was to create elegant, uplifting homes that draw on and positively contribute to the local character through meticulously considered design and an interaction with the surroundings."

The communal landscape has been designed as more than an open space between homes. Arcadia's Ben Newell and Kate Phillips said the adjoining reserve provided an opportunity to create a distinctive natural retreat for residents.

"Just as waterways carve their way through Ku-ring-gai's landscape, a raised boardwalk weaves through the reserve, connecting the homes to this tranquil oasis."

[smartcode_project:default project_id=7354 project_image_fid=374892]

Located just 300 metres from <a href="https://www.apartments.com.au/developments/gordon-nsw-2072">Gordon</a> Village and Gordon railway station, Lume offers convenient access to Sydney's CBD while placing residents close to some of the North Shore's leading schools, including Ravenswood, Pymble Ladies' College and Knox Grammar. Lane Cove National Park, Gordon Golf Club and a range of cafés and restaurants further reinforce the family-focused lifestyle on offer, with the BMW iX3 50 complementing everything from local trips around Gordon to weekend drives and city commutes.

Construction is underway with completion expected in mid-2027.

[smartcode_project_cta:default project_id=7354]

Boutique Gordon townhomes now come with a BMW iX3 50

Two apartments have sold for more than $10 million at EADE Byron Bay, setting some of the highest apartment prices ever achieved in the coastal town and underlining the growing appetite for luxury beachfront apartments in Australia's most popular coastal locations.

The $210 million project by Vitale Property Group has now secured more than $70 million in sales, led by residences that changed hands for $12.75 million and $11.75 million.

The record-breaking transactions reinforce the shift occurring in Byron Bay's premium property market, where affluent downsizers and lifestyle buyers are increasingly opting for high-end apartments over large beachfront homes.

<a href="https://www.apartments.com.au/new-apartments/eade-byron-bay-29-shirley-street-byron-bay-nsw-2481">EADE Byron Bay</a> occupies a rare 6,000 sqm absolute beachfront site on the corner of Shirley and Milton Streets overlooking Main Beach and The Wreck surf break, just 350 metres from Byron Bay's town centre.

The 25-residence development is the first beachfront apartment project approved in Byron Bay in more than a decade and is currently under construction, with completion expected in May 2027.

[smartcode_project:default project_id=145590 project_image_fid=359521]

The project has attracted a mix of local Byron Shire residents downsizing from larger homes, alongside interstate buyers from Sydney, Melbourne and Brisbane seeking a permanent coastal lifestyle without compromising on space.

Designed by <a href="https://www.apartments.com.au/architects/hayball">Hayball</a> and with interiors by <a href="https://www.apartments.com.au/interior-designers/alexander-co">Alexander &amp; Co</a>, EADE comprises&nbsp;10 garden apartments ranging from 284 sqm to 622 sqm, nine with private pools, five full-floor apartments and 10 rooftop residences with private plunge pools, expansive outdoor entertaining areas and uninterrupted ocean views.

[smartcode_project:default project_id=145590 project_image_fid=359527]

<a href="https://www.apartments.com.au/developers/vitale-property-group">Vitale Property Group</a> Managing Partner Chris Vitale said the project's combination of scale, location and limited future supply was driving buyer demand.

"There isn't another beachfront holding in Byron Bay of this size and position that could be developed again," Vitale said.

"Buyers are responding to the scarcity and the irreplaceability of a site of this calibre and to floorplans they can't find elsewhere in the market.

"We are seeing buyers place significant value on quality, space, design, resort-style amenities and the rarity of the location. The sales achieved to date demonstrate that discerning purchasers recognise the long-term significance of what is being created at EADE Byron Bay.

"Many are coming from larger homes in the Byron region, or from Sydney, Melbourne and Brisbane, and are after the space, security and convenience, without the upkeep of a house."

&nbsp;

[smartcode_project:default project_id=145590 project_image_fid=359523]

The Byron Bay project follows Vitale Property Group's delivery of the Mondrian Hotel and Private Residences at Burleigh Heads, with EADE continuing the developer's focus on luxury coastal developments.

Residents will have access to a resort-style swimming pool, gymnasium, sauna, cold plunge pool, concierge services and dedicated workspaces, while the project is targeting an 8-Star Green Star rating.

EADE Byron Bay is being exclusively marketed by Projx Australia in conjunction with WHITEFOX Projects.

WHITEFOX National Projects Director Phillip Rand said demand had been driven predominantly by owner-occupiers.

"We are seeing buyers at EADE place significant value on quality, space, design, resort-style amenities and the rarity of this location," Rand says.

"The sales achieved to date demonstrate that purchasers at this level recognise the long-term significance of what is being created at EADE Byron Bay."

Residences at EADE Byron Bay are currently priced between $4.75 million and $15.95 million.

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[smartcode_project_cta:default project_id=145590]

Staff reporter

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