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Investors in the Sunshine Coast property market have been active, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm took a look at the rental yields across the nation. 
The report notes market sentiment has improved which has in turn instilled confidence in the marketplace.
The main driver of this sentiment has been the major infrastructure projects currently under way across the coast.
The current low interest rate environment has also had investors looking to property to increase their returns.
Across the coast, gross yields normally tend to range between 4% and 15% which reflects the relative risk on investment.
"Properties situated within areas underpinned by re-development potential or situated in unique and sought after locations tend to be at the lower end of the yield range," the valuation firm said. 
A yield at the higher end of the range indicates the location, condition of the property and the additional maintenance costs required.
Units within the main tourist precincts can also achieve gross yields up to 15% however with high body corporate and management fees, these properties tend to show net yields in the 2% to 6% range.
"There has been a large increase in dual occupancy homes constructed across the coast with a main dwelling typically providing three- bedroom accommodation and an attached one or two bedroom unit," the valuation firm continued.
"These properties have been primarily purchased by investors and have been selling with gross yields between 5.9% and 6.3%."
The report suggests slightly higher yields can be achieved through the hinterland townships with properties comprising three to five flats in the Nambour area achieving yields in the 7% to 8% range.
Typically, these properties are older with ongoing maintenance required.
"In the prestige market, we have started to see an increase in the number of investors," the valuation firm commented. 
"This market is typically difficult to gauge given that there are a number of different drivers in the investment decision.
"This market is closely related to the southern markets of Sydney, Melbourne and Brisbane, so at the moment has been pretty good."
A number of investors in this segment are certainly purchasing for a position or lifestyle choice and in quite a number of cases, with a view to the investment being the future retirement home and principal place of residence.
Therefore, a higher yield is not always driving the purchasing decision.
"All in all, the investment market on the Sunshine Coast has been pretty healthy." 
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j.ballantyne1990-6AQqhLzZaK

Infrastructure projects instil confidence in Sunshine Coast residential market: HTW residential 

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Paradise Point, a waterfront family home set on 81 acres in Narooma, NSW has been sold for $3.16 million. 
The South Coast property was listed by John Murray of Whale Coast Realty and David Nolan of Webster Nolan Real Estate. 
Situated in an elevated position with inlet views, Paradise Point at <a href="https://www.realestate.com.au/property-lifestyle-nsw-narooma-700050134" target="_blank">496 Riverview Road</a> features a four bedroom family home, licensed private jetty on Freshwater Bay, multi-purpose sheds and cleared open grazing paddocks. 
The residence comprises four bedrooms, sun room/dining room, living room, kitchen and carport. 
Additional features of the home include hardwood timber frame and flooring, outdoor dining area, landscaped garden, and views of water and countryside.
<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/2019/9/4/paradise%20point%202.jpg" alt="">
The 12 metre long jetty is constructed by turpentine hardwood posts, hardwood and pine frame and deck.
Another feature of Paradise Point is the ownership to the high water mark with 2.5 kilometre frontage to Wagonga Inlet.  
<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/2019/9/4/paradise%20point%203.jpg" alt="">
The European history of Paradise Point began in the late 1800s when Peter Clow owned the land, using a part of it for cattle grazing and a small sawmill.
With only three owners in its history, Paradise Point was sold to the current owner in 1977.
Paradise Point is about 10 minutes from Narooma with supermarkets, restaurants and Golf Club, 40 minutes from Moruya Airport and one hour from Batemans Bay. 
Bidding started at $2 million and after 129 bids the property sold for $3,162,000.
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Narooma waterfront home with private jetty sold for $3.16 million

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All nine 7-Eleven servos on Burgess Rawsons auction day card have sold under the hammer.
They had nine properties on the ticket across New South Wales and the Australian Capital Territory which sold for a combined $40 million.
Each of the properties offered for sale came with a brand new 12 year lease to 7-Eleven.
The day opened with a strong $5.75 million for a 7-Eleven service station in Liverpool, west of Sydney (pictured top).
Bidding opened at $3.5 million for the 4,235 sqm Elizabeth Street property and sold 10 minutes later with a knockout $20,000 bid.
The sale represented one of the lowest yields of the day, near 3.8 per cent.
A $3,925,000 Clyde sale on Parramatta Road was next before the biggest sale of the day, in ACT's Braddon opposite Telstra's HQ.
The Mort Street property sold for $7.1 million on a 4.1 per cent yield. It has a net income of $291,997.
The near 20 minute auction saw bidding begin at $5 million.
The strongest yield was achieved on the last property to go under the hammer, a freestanding Pacific Highway 7-Eleven in Marks Point. The $4 million sale represented a yield of six per cent.
 
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All nine 7-Eleven servos sell at bumper Burgess Rawson auction day

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The Exchange on Port Melbourne’s Bay Street, close to the Melbourne CBD, has been listed for sale. 
The 39 Bay Street property, located on the corner of Bay Street and Rouse Street, is offered on a WALE of close to seven years.
It comes with street-side dining and a 3am general (late night) license attached.
Formerly home to Molly Blooms, the property has been operated as a pub for over a century.
CBRE Hotels, has it listed in conjunction with CBRE Melbourne Strip Retail Investments. 
The two-story building is fully leased to the Australian Venue Co (AVC), which operates about 150 venues across Australia and New Zealand.
The Exchange hotel is being sold with almost seven years to AVC remaining on their current term, providing annuity income, a 6-month bank guarantee and rental growth through to April 2026 with an additional 5x5 year options taking the lease term to 2051 with all options. 
It is listed with an anticipated yield range of over 5% for its onsite auction on November 29.
 
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Port Melbourne's The Exchange Hotel listed for sale

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St Kilda’s former Greyhound Hotel razed site has been listed for November 22 auction.
CBRE has been appointed by failed developer Steller’s receiver KordaMentha.
Steller bought the 911sq m corner site at 1 Brighton Road for $7.5 million in 2017.
It has three street frontages with permit approval for a seven-level building with 34 apartments and three shops.
Set opposite St Kilda Town Hall, CBRE’s Mark Wizen told the Herald Sun he expected to attract offers “in excess of $5 million”.
The 163-year-old pub was demolished despite a bid for heritage protection.
Its Art Deco-style facade which was built over the original in the 1930s disqualified the venue from heritage listing.
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CBRE tips $2.5 million loss for Stellar's St Kilda Greyhound Hotel site offering

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The RBA governor Philip Lowe said he was prepared to cut the cash rate further if it was needed to improve economic conditions in Australia.
And he maintains the recent cuts are working.
"Low interest rates are supporting jobs and overall income growth. 
"At the same time, though, we recognise that monetary policy is not working in exactly the same way that it used to."
Lowe effectively repudiated former treasurers Paul Keating and Peter Costello's view that monetary policy has "run its race." 
The former treasurers have both suggested that monetary policy was not useful any more after the three 0.25 percentage point interest rate cut.
<div class="_3MT_w" data-experiment-target="paywallPrompt">The RBA has already lowered interest rates three times over the year to a record low 0.75 per cent. </div>
“We are confident that these reductions are helping the Australian economy and supporting the gentle turning point in economic growth,” Dr Lowe said when he delivered the Sir Leslie Melville lecture in Canberra yesterday.
He noted high levels of debt meant that "people are more careful with their spending and are less inclined to take on yet more debt. 
"This is especially so when income growth has disappointed, as it has over recent times.
"In a number of countries, both government and households feel constrained by their previous decisions to borrow and are seeking to put their balance sheets on a sounder footing. 
"One way they can do this is by spending less and saving more," he noted
“We also recognise that low interest rates hurt the finances of many people, particularly those relying on interest income. So there is a balancing act here,” he said.
“The board is prepared to ease monetary policy further if needed.
"Having said that, it is extraordinarily unlikely that we will see negative interest rates in Australia.
“It is likely though that we will require an extended period of low interest rates to reach full employment and for inflation to be consistent with the target.”
Lowe said it is the duty of the Reserve Bank Board to ensure that its policies are directed to the greatest advantage of the people of Australia so as to best contribute to:
<ol>
<li>the stability of the currency of Australia;</li>
<li>the maintenance of full employment in Australia; and</li>
<li>the economic prosperity and welfare of the people of Australia.</li>
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RBA governor Philip Lowe says low cash rate was working

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Over the June 2019 quarter, resales of Darwin properties generated $25.7 million in profits and $15.6 million in losses, according to the latest findings from CoreLogic's Pain &amp; Gain report.
The market also recorded $269.5 million in realised profits which accounted for 1.6% of profits nationally.
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20DAR%201.JPG" alt="">
Over the quarter, the share of houses resold at a loss increased while the share of unit resales at a loss rose. 
Click to<a href="https://www.propertyobserver.com.au/images/2019/10/29/Resales%20CAN%202.JPG" target="_blank">here</a> to enlarge<a href="https://www.propertyobserver.com.au/images/2019/10/29/Resales%20CAN%202.JPG" target="_blank"></a>
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20CAN%202.JPG">
The Pain &amp; Gain report also examined other Australian capital cities like <a href="/news/wa/quarter-of-australias-loss-making-property-resales-occurred-in-perth-corelogic-pain-gain-report">Perth</a> and <a href="/news/tas/hobart-property-resale-losses-remain-low-despite-market-slowdown-corelogic-pain-gain-report">Hobart</a>, as well as trends such as <a href="/expert-insights/investing/investors-more-likely-than-owner-occupiers-to-resell-property-at-a-loss-corelogic-pain-gain-report">investors being more likely to resell property at a loss than owner occupiers</a>.
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Canberra resales at a loss on the rise: CoreLogic Pain & Gain Report

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Across the nation, a higher proportion of houses are resold at a profit than units, according to the latest CoreLogic Pain and Gain report for the June quarter.
They found that this trend is also evident across the combined capital city and combined regional markets.
In Melbourne, units were more than 4.5 times likely to resell at a loss than houses while in Brisbane units were 5.5 times as likely to resell for a loss as houses and in Canberra units were 7.4 times more likely to resell at a loss than houses.
Each and every individual capital city and rest of state region recorded a greater share of unit resales at a loss than houses.
Click <a href="https://www.propertyobserver.com.au/images/2019/10/29/Resales%20NAT.JPG" target="_blank">here</a> to enlarge
<img src="https://www.urban.com.au/images/2019/10/29/Resales%20NAT.JPG" alt="">
"For the capital cities, the proportion of houses reselling at a gross profit was lower over the quarter in all capital cities except for Hobart and Darwin," the report said.
"For capital city units, the share of resales at a profit was lower over the quarter across each capital city except for Melbourne, Adelaide, Perth and Canberra.
"For the regional housing markets, the proportion of houses reselling for a profit reduced over the quarter in all regional markets except WA.
"For units, profit-making resales increased over the quarter in regional Vic, regional SA, regional Tas and regional NT with declines recorded elsewhere."
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Unit resales at a loss were double house resales: CoreLogic Pain & Gain Report

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Australian residential prices remained “40% overvalued” and the bubble is yet to burst, the international doomsday commentator Harry Dent has claimed.
Australia was going to lead the next global bust, he said.
Dent forecast “Australian prices would fall 50%” in the next downturn and he ranks Australia as the third most overpriced market in the world, coming in behind Hong Kong and China.
“Don’t take the ‘oh, we had a little crash and it’s over, time to buy again because we don’t want to miss out’,” Dent said.
“Real estate, mark my words, will in five, 10 or 15 years time never be better than this. The best cities, Sydney and Melbourne, are going to go down more than say Adelaide. Rich people will lose the most money,” he tipped.
Dent again claimed that Australians’ exposure to a weakening Chinese economy would be the primary trigger of the downturn.
“It’s going to be more pervasive,” he said ahead of his seminar tour to Sydney next month.
He said while Australia escaped the worst of the global financial crisis, it would not avoid the next global downturn, which would be worse than the 1929 depression.
Dent says the recent Reserve Bank of Australia rate cuts would only exacerbate the looming correction.
“Maybe we’re over-forecasting this, that’s possible, but there’s not much upside in real estate anywhere in the world left after a bubble this size,” Dent added.
“Your great Australian real estate bubble is going to burst … maybe I am wrong, maybe it’s 30 or 40%.
“But there’s no way real estate is going to go up much further … and there will be no soft landing,” he said.
When Dent was on his 2016 tour he forecast a 50% fall. However, Sydney prices rose by 75% after that forecast, followed by a 15% decline over the past two years. Dent gave his latest forecast to Martin North at Digital Finance Analytics, who noted that debt is higher than it’s ever been.
“Yet the Reserve Bank here is basically encouraging people to get into the market now to try and support the economy,” North said.
Dent’s latest doomsday claims have been slammed by mainstream property analysts.
“He has never been correct on the Australian housing market,” the boss of SQM Research Louis Christopher said yesterday.
“I am concerned for people who get hoodwinked into his seminars,” Christopher added.
Property economist Dr Andrew Wilson said Dent was a “discredited doomsayer”.
Wilson said that the bubble collapse claims were “click-bait”.
“And, as usual, outrageous predictions of steep and sustained house price declines will prove to be so much nonsense — as has clearly again been the case this year,” he said.
“With the prospect now of a lengthy period of relative certainty and predictability ahead, buyers and sellers will increasingly ignore the snake-oil salesmen and take advantage of the ongoing benefits of home ownership and investment,” Wilson said.
This article first appeared in The Sunday Telegraph. 
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Harry Dent is back predicting property prices will "fall 50%"

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A shop in the Hawthorn Lido Cinemas complex, Victoria has been leased.
Hungarian patisserie Kurtosh, the Sydney-based eatery, has leased the 112 sqm space within the Lido Cinemas complex on Hawthorn’s Glenferrie Road.
Fitzroys Associate Director Chris James negotiated the lease at $85,000 per annum net.
He said the straight 10-year lease signed by Kurtosh highlighted the faith retailers have in the area, and in the cinema complex’s positioning on the popular shopping strip.
Kurtosh is known for its kürtőskalács - spiral Hungarian pastries also known as chimney cakes, and a range of other cakes and pastries.
The patisserie has just opened its fourth Sydney location at the new Darling Square precinct in Haymarket.
Kurtosh will join Axil Coffee Roasters, Huxtaburger, frozen yoghurt group Yo-Chi and and Venetian bar and restaurant Vaporetto within the building.
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Hawthorn Lido Cinemas retail space leased to Hungarian patisserie

The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

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<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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