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After two years of negotiations, an 18,230 sqm parcel of land located in Riverview has sold.
It transacted for $1.95 million to the adjoining owner.
Located at 19 McEwan Street, the deal was facilitated by Ben Donnelly of Savills, with plans underway for 120 townhouses to be built on an amalgamated site of approximately 25,000 sqm.
Associate Director of Savills Industrial and Business Services, Ben Donnelly, described the transaction as a long process, with the property first taken to market in 2016.
“It was a lengthy process, subject to a Council MCU from Industrial to Residential, however we were able to achieve the desired outcome."
“In addition to the 120 townhouses, the new owner also intends on building a small neighbourhood shopping centre which will increase the desirability &amp; amenity of this new precinct,” Mr Donnelly stated.
The property has 240 meters of frontage to McEwan Street, on the corner of Endeavour Road and Station Street, with access to the Riverview Railway Station.
“Residents of the new Community will benefit from a short commute to both the Ipswich and Brisbane CBDs, with a 10 and 26 minute drive respectively, or alternately a quick &amp; convenient rail commute,” Mr Donnelly added.
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j.ballantyne1990-6AQqhLzZaK

Savills complete transaction of 120 townhouse site in Riverview

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A standalone showroom, administration and workshop facility with holding income has been listed in Nambour.
The 13,100 sqm property located at 980 Nambour Connection Road is described as 'fully improved' over two levels.
It is being marketed by Jason O’Meara of Savills and Markus Eames of LJ Hooker Commercial via an Expressions of Interest campaign.
Director of Savills, Jason O’Meara, said the property is currently leased to All Class Machinery until August 2020, "bringing in a steady income for the potential buyer."
There was the opportunity for the buyer to then relocate their own business into the facility once the current lease is up, Mr O’Meara said.
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The property currently achieves a current gross annual income of $300,000 plus GST.
The upper level of the building houses a 538 sqm showroom, 451 sqm administrative space, 230 sqm of storage, plus a 371 sqm all weather awning.
While lower level consists of a 302 sqm office, 1,430 sqm workshop, 665 sqm awning, plus a 108 sqm showroom and an additional 185 sqm showroom.
"The well-appointed administrative areas, showrooms, and workshop which is equipped with an oil separator and compressor room, make it a solid investment opportunity,” Mr O’Meara said.
Mr Eames said there are very few (if any) properties of this nature on offer across the Sunshine Coast, particularly with owner occupation in mind in 18 months’ time.
The property has 93m street frontage to Nambour Connection Road, is fully secured, and has been raised above the Q100 flood line.
Expressions of interest for the property close March 28.
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Savills marketing an industrial/retail-showroom facility in Nambour

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A two-bedroom Surry Hills apartment sold last weekend for $1,002,000 to an investor.
Selling agent James Ledgerwood of The Agency Eastern Suburbs advised there were four registered bidders at the auction where bidding finished $2000 above reserve.
The vendor recorded a loss as it last sold for $1.1 million in 2016.
The loss was 10 percent plus costs.
The sale price was withheld on the listing websites.
The 36/45-49 Holt Street apartment was in the Habitat building.
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Loss in Surry Hills as property investor spends $1,002,000

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The emerging national estate agency The Agency has reported it expects its core business units to be profitable within the next 12 months.
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The network has expanded to 300 sales representatives across Perth, Sydney, Melbourne and the Gold Coast (across nine offices, following the closure of Coogee premises).
The company now has 4209 properties under management, 1394 listings and a mortgage book of over A$1.2 billion.
The Agency East Coast recorded 402 residential sales (with a combined value of A$805 million), along with a property management portfolio in excess of 3,300 properties, having a team of 117 sales agents.
Commenting on the results, The Agency managing director Paul Niardone said with a reduced cash burn rate, the expectations are its WA operations (real estate, mortgage, and settlement businesses) will be cash flow positive from the start of the 2019.
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It reported its national net revenue from continuing operations of $10,479,073 for the six-month period ending 31 December 2018, representing a 52 per cent increase on the previous comparative period 31 December 2017 revenue (HY2017: $6,877,278).
Its commissions for the six-month period totalled $7,011,868, representing a 46 per cent increase on the previous comparative period 31 December 2017 revenue (HY2017: $4,798,945).
It reported a loss before tax of $2.11 million which was lower that the prior period. (Dec 2017: $2,148,445 loss).
Some $615,000 were one-off costs associated with legal expenses and corporate advisory incurred in relation to the acquisition of Top Level Pty Ltd, the Matt Lahood lead Bondi Beach based agency. 
The reported to shareholders noted revenue and commission growth "will be maintained during the upcoming period and significantly enhanced as a result of the acquisition of Top Level Real Estate Pty Ltd which settled post 31 December on 11 January 2019."
On 17 January 2019, The Agency completed its acquisition and settlement of Top Level Pty Ltd (“Top Level”), by The Agency’s wholly-owned subsidiary Ausnet Real Estate Services Pty Ltd, after all conditions precedent to the transaction were satisfied. The total cost of the acquisition was $5,000,000.
As announced on 12 February 2018, the Company and its wholly-owned subsidiary, Ausnet Real Estate Services Pty Ltd, entered into an amended and restated option agreement with Top Level Real Estate Pty Ltd and Top Level’s majority shareholders for Ausnet to acquire all of the Top Level Shares held by the majority shareholders and offer to acquire all of the Top Level Shares held by the minority shareholders.
 The total cost of the acquisition was $5,000,000.
As part of the post-acquisition settlement process, the company has re-negotiated the existing Top Level Macquarie Bank financing, with a new debt facility executed, for a term extending from 17 January 2019 to July 2019. 
It advised the Macquarie Bank debt facilities total $12.65 million.
It reported it had also re-negotiated an extension of the repayment date on an existing $1,350,000 loan until June 2019The Agency also completed the acquisition of Vicus Residential - the residential sales and management division of The Vicus Property Group – in January 2019 with settlement of 2,666,667 shares and a $75,000 cash payment as payment for all of Vicus Residential’s issued shares.
The total acquisition cost was $875,000.
 
 
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The Agency renegotiates $12.65 million Macquarie Bank debt

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A Brisbane man accused of overseeing a $12 million investment was remanded in custody on Saturday after being extradited from New Zealand, to reappear for mention on April 1.
Anthony David Gray, 54, was charged with 25 counts of fraud, relating to a property investment scheme run by his Gold Coast-based business.
Synergy Gray Professional Services ran from 2007 to 2017 with investors allegedly told they would receive a high rate of interest for funding short-term bridging loans to property developers in New Zealand, Singapore and Hong Kong.
Two of the 25 were allegedly defrauded of more than $2 million each.
"These investments did not exist, and the funds invested were diverted and used for the personal use of the alleged offenders," he said.
Gray allegedly told investors he was a solicitor and registered financial advisor, but he was unlicensed and his practising certificate with the Queensland Law Society had lapsed.
The scheme was based on short-term bridging loans, which Gray allegedly claimed was secured by real estate with capital and interests guaranteed, the summary of facts said.
Mr Gray's 72-year-old female business partner from Hamilton faced court in Brisbane on February 25 charged with nine counts of fraud.
Detective Senior Sergeant Paskin said the Financial and Cyber Crime Group were now investigating another six complaints, and further charges could be laid, Nine Entertainment reported.
None of the money has been recovered.
The alleged victims were either known to the offenders, or referred to the offenders by persons who knew them, Detective Senior Sergeant Paskin said.
They would see some alleged return on their investment via an allegedly fraudulent statement.
The victims came from across Australia as well as the US, UK and Europe.
Gray left Australia in February 2017 to flee creditors.
Appearing in Tauranga District Court, Gray did not oppose extradition to Australia to face the charges involving an alleged Ponzi-type investment scheme.
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Synergy Gray Professional Services boss Anthony Gray extradited to Queensland

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Due to their ongoing commitments on the Gold Coast, former Sunrise News presenter Sarah Cumming and her AFL coaching husband Stuart Dew are selling their North Bondi home.
The couple paid $1.4 million for the home in 2012 when Dew was an assistant with the Sydney Swans and Cumming was the weather presenter at Channel Seven.
They married a year later and have two children, Frankie and Jack.
Upon their move up north early last year, Cumming and Dew secured a $1,400 a week tenant.
They've since purchased not far from the club at Burleigh Waters, spending $1.35 million on a four bedroom home with a heated saltwater swimming pool.
<a href="https://www.realestate.com.au/property-duplex+semi-detached-nsw-north+bondi-130614234" target="_blank">The 1920s North Bondi home</a> has been updated over the couple's six year ownership.
They've added a new luxury marble kitchen, new modern bathrooms and renovated the north facing private entertainers' courtyard.
The four bedroom home with parking for two cars on its 210 square metre Clyde Street parcel also comes with a new video intercom.
Ray White Double Bay agents Warren Ginsberg and Adam Reichman have a March 28 auction.
The couple moved to the Gold Coast following Dew's appointment as the head coach of the Gold Coast Suns, who kick off their 2019 campaign away at St Kilda. They host Fremantle the following week.
The dual premiership-winner for Port Adelaiode and Hawthorn had previously been the strategy and midfield coach of the Swans.
Cumming is following in the footsteps of Sharyn Ghidella, another former Sydneysider who moved to the Gold Coast.
Ghidella, who presents Seven News Brisbane with Bill McDonald, sold her Roseville home for $1,803,000 in 2014 to make the move north.
 
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Stuart Dew and Sarah Cumming put North Bondi former home on the market 

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Waveney, an architectural multi-level family home sitting on 3,100 square metres in Mount Eliza, is now on the market with a price guide of $3.9 million to $4.1 million.
It has been offered by Michelle Skoglund from Aqua Real Estate Mount Eliza. 
Situated at 3 Waveney Road, the ground floor of Waveney comes with large home office, entertaining zone with wet-bar and indoor spa, alfresco terrace, gymnasium, two double bedrooms, and another sizeable living zone.
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Upstairs comprises of open plan gourmet kitchen/meals area, formal lounge and dining area, balcony with views over the gardens and city skyline, and four other double bedrooms. 
Other features of Waveney include inverter heating/cooling, double auto garage, tennis court with lights, solar heated pool and ducted vacuum.
It's located near to Toorak College, Daveys Bay Yacht Club and beach, and within a short stroll to Mount Eliza village.
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Architectural family home Waveney in Mount Eliza listed for $4 million

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Sydney’s new underground CBD metro railway stations are taking shape about 25 metres under the centre of the city.
The Sydney Metro City &amp; Southwest project is the first new rail line through Sydney since the 1970s and will reduce travel times for commuters across the whole system.
Premier Gladys Berejiklian and Minister for Transport and Infrastructure Andrew Constance today met workers and had the first look at major construction work at the Martin Place Metro Station.
“It’s incredible to see the progress that’s been made by machines and workers underground with thousands of pedestrians moving above ground,” Berejiklian said.
“Two roadheader tunnelling machines are working 24-7 to excavate the new Martin Place station, which stretches underground between Hunter Street and Martin Place.
“This project is really taking shape and when it opens, customers in the heart of Sydney’s CBD will be more connected than ever before.”
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Constance said the Martin Place metro platform caverns will be about 220 metres long, 16 metres high and 14 metres wide when fully lined with concrete.
“Roadheaders and about 95 workers have already excavated more than 166,620 tonnes of crushed rock at Martin Place – enough to fill about 26 Olympic swimming pools,” he said.
“They are also digging underground pedestrian connections to the existing Eastern Suburbs Line, making it easier to get around our great city.
“This once again shows that only the NSW Liberals &amp; Nationals Government will deliver Metro rail across Sydney.
“When Labor was last in office they announced 12 rail projects. They did not deliver one in full and they are already promising to cancel the Sydenham to Bankstown Metro upgrade.”
Sydney Metro will deliver a turn-up-and-go train service up to every two minutes to the four train stations being built in the Sydney CBD – Martin Place, Pitt Street, Barangaroo and Central.
Sydney Metro Northwest is on track to open in the coming months and is at least half a billion dollars under budget. It includes 13 Metro stations and 4000 commuter car parking spaces.
Metro rail is being extended from the north west, into the CBD and beyond to Bankstown in 2024, delivering Sydney 31 metro stations and a 66 kilometres standalone metro railway line.
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Martin Place metro station begins to take shape

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Ray White Southbank secured the sale of $4.11 million in property under the hammer at an-room uction last week.
There were three sales under the hammer with four more selling prior, for a total clearance of seven from eight units.
Ray White Southbank Port Phillip &amp; Projects Victoria agent Andrew Salvo said it was standing room only at the auction.
"All bidders were pre-qualified and everyone we expected to turn up and bid did," said Salvo.
"We knew ahead of time that we created a really exciting competitive environment. 
"All 35 seats were filled 15 minutes before auction time and there were another 30 or so stood wherever they could. 
"Each property that sold passed vendor reserve prices through natural competitive bidding."
The one that passed in had two bidders.
"We even had significant interest from Sydney buyers look to move down to a cheaper market."
INNER CITY SELLERS
<ul>
<li>3413/350 William Street, Melbourne - $690,000 (4 bidders)</li>
<li>3409/350 William Street Melbourne - $1,170,000 (4 bidders)</li>
<li>201/565 Flinders Street Melbourne - (Passed in) (2 bidders)</li>
<li>910/152 Sturt Street, Southbank - $350,000 (2 bidders)</li>
<li>81/173 City Road, Southbank - $735,000 (sold prior)</li>
<li>21/6 Williams Road, Prahran - $220,000 (sold prior)</li>
<li>1011/80 Clarendon Street, Southbank - $510,000 (sold prior)</li>
<li>1110/163 City Road, Southbank - $435,000 (sold prior)</li>
</ul>
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Pictured: 3409/350 William Street, Melbourne 
Salvo said the in-room style of selling was something new for the Melbourne auction market.
"With a huge amount of support and encouragement from the Ray White corporate trainers, we as a team, decided that it's time to turn this largely private treaty market on its head and offer sellers and buyers something new," he said.
"We also believe that buyers and sellers feel more secure due to the transparency of the process."
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Pictured: 3409/350 William Street, Melbourne 
A majority of the attendees were Australian citizens or permanent residents, while other nationalities and investors made up about 30% of the crowd, said Salvo.
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In-room auction nets $4.11 million for inner city Melbourne apartments

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A waterfront designed home in inner Sandy Bay has been listed.
Nestled on a 753 square metre allotment, the two storey home at<a href="https://www.realestate.com.au/property-house-tas-sandy+bay-130594658" target="_blank"> 358 Sandy Bay Road</a> features north facing views over the River Derwent, with marina and jetties in the foreground.
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The upper level comprises of main kitchen-living-dining zone, fully tiled bathroom, study and double bedroom.
The lower level of the house comes with three north-facing double bedrooms, second living room, and home office.
Other highlights include floor to ceiling north-facing double glazed window units, feature Tasmanian timber walls, polished concrete floors, bespoke steel stair-case, and hydronic ceiling heating.
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Outside the home features double carport, low maintenance gardens, floating jetty, workshop and additional shed.
It has been listed by Steve Yannarakis from St Andrews Estate Agents Hobart.
The expression of interest campaign for the home seeks offers by March 19.
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Waterfront Sandy Bay trophy home on the market 

For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

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Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

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Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

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Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

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La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

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<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

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