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A local investor has paid $508,000 for a Little Collins Street retail investment at a record $39,077 psm rate for a strata titled CBD retail property.
The deal, brokered by Teska Carson‘s Gideon Marcus, was for shop 11, 530 Little Collins Street in the Exchange Tower building.
Situated on the building’s ground floor, the property comprises a 13 sqm space currently leased to Exchange Tower Newsagency on a five year term from August 2015 with a five year option.
The property has a current rental income of $47,896.68 plus GST.
Featuring three street frontages the shop has pedestrian access via Little Collins Street, Church Street and Union Place.
The 12,230 sqm Exchange Tower comprises ground floor and mezzanine level retail tenancies and 207 upper level office suites which are fully occupied housing approximately 1000 workers.
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j.ballantyne1990-6AQqhLzZaK

Local investor purchases Lt Collins retail property at record $39,000 psm

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Aqualand has been shortlisted for the next phase of the NSW State Government’s Waterloo Metro Quarter Development.
They are now in the request for tender stage.
Aqualand’s team includes CPB Contractors and community housing partner, City West Housing.
John Carfi, Chief Executive Officer of Aqualand said, “The Waterloo Metro Development Quarter will be a key catalyst for change and will set the highest possible standard for successful urban renewal”.
The Waterloo Metro Quarter will be integrated with the new Waterloo Station and will deliver new homes, shops, community services and a new public plaza.
<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/2018/12/7/Waterloo%20Station%202.jpg" alt="">
Located 700m from Redfern Station and 880m to Green Square Station The proposed development will comprise approximately 700 new homes above and adjacent to the new Waterloo Station.
The Waterloo Metro Quarter will deliver up to 10% affordable housing and 70 social housing dwellings as part of the new community.
Waterloo Metro Quarter will feature approximately 4000 sqm of locally focused retail and approximately 9000 sqm of commercial space, shared offices and health services.
It is due to open to the public in 2024.
The design team for the project includes Architects Tzannes, Turner, Silvester Fuller, GHD and Oculus.
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Aqualand shortlisted for Waterloo metro quarter development

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The Red Lion Hotel in Moorooka has been sold to Publican Peter Braithwaite for an undisclosed price.
Peter Braithwaite, was the previous owner of the Commercial Hotel in Lake Macquarie.
Glenn Price of HTL Property, in conjunction with Tom Gleeson of JLL Hotels, held the listing for 215 Beaudesert Rd, Moorooka, and ran the targeted expressions of interest campaign.
Set on 820 sqm, the property is just 9km from Brisbane CBD.
<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/2018/12/7/Red%20Lion%20Hotel%202.jpg" alt="">
The hotel recently underwent an extensive internal and external renovation which now comprises a large public bar, bistro, and 28 gaming entitlements.
HTL Property’s Director Glenn Price said, "NSW publicans continue to view QLD as an opportune hunting ground to expand their portfolios.
"Not only are large corporate groups firmly focused on the state but independent operators looking to break into the market continue to run the ruler over available opportunities," he added.
Peter suggested a rebranding of the pub is likely and that he is upgrading the gaming room with 20 new machines.
HTL Property earlier this year sold The Rising Sun Hotel in Townsville, for over $20million, to Redcape who are shortly to list on the ASX.
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Publican Peter Braithwaite has purchased The Red Lion Hotel in Moorooka

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A Port Hedland duplex has time-travelled 20 years, and $460,000, back in time to sell for just $95,000 by the mortgagee in possession.
It's the same price <a href="https://www.realestate.com.au/sold/property-duplex+semi-detached-wa-port+hedland-128443178" target="_blank">46a Moore Street</a> scored when it sold back in 1999.
In 2010, however, the 1966 built property sold for $555,000.
<img src="https://www.urban.com.au/images/2018/12/6/Port%20Hedland%202.JPG" alt="">
The two bedroom one bathroom semi-detached home is one street back from the beach.
Set on 482 sqm the home boasts original floorboards throughout as well as a double undercover carport.
Featuring an open plan living and dining arrangement the duplex also has a fully fenced backyard large enough for a pool.
The house was originally sold by the state housing commission for $29,000 in 1994.
The recent sale was listed as sold by the First National office, whose recent sale successes put them in the group's top 10 performers, resulting a reward with attendance at the recent National Association of Realtors (NAR) convention in Boston.
 
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Time travelling Port Hedland home sold by mortgagee

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Investment and development firm Leda Holdings has purchased a property in Yennora’s industrial precinct for $8.75 million.
The property at 51A-51B, Kiora Crescent is a 13,780 square metre site with development potential.
CBRE’s Elijah Shakir and Jason Edge, who negotiated the sale, said it was the final sale in the second stage sell-down of LOGOS Property’s Alcoa land subdivision. 
Shakir said the sale price which reflected a land rate of $635 per square metre, was a record rate in the suburb. 
“Yennora continues to strengthen as a highly desirable industrial precinct, with land rates increasing over 50% in the region over the past 24 months,” he said.
“LOGOS has played an important part in the area’s transformation and ongoing appeal with the staged subdivision of the former Alcoa site.
“The region has experienced a significant uplift through the land subdivision, with both owner occupiers and investors benefitting as they either redevelop, refurbish or submit plans to council.
“The future of Yennora has captured the imagination of a number of high profile investors.
“Recognising the area’s growth, Leda Holdings has been an active land purchaser in Western Sydney for a significant time, with this sale further demonstrating its desire to build up its development pipeline in the area.”
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Leda Holdings snaps up $8.45 million Yennora land parcel

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A two bedroom Erskineville apartment recently sold at auction for $875,000.
It was listed with a price guide of $850,000 and last traded for $550,000 in October 2009.
 <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/2018/11/26/erskineville%201.jpg" alt="" style="font-size: 12.16px;">
Situated at <a href="https://www.realestate.com.au/property-apartment-nsw-erskineville-129712586" target="_blank">17/612 King Street, Erskineville</a>, the 125 square metre unit comes with two bedrooms with BIRs, open plan living area opening to balcony, gourmet large kitchen and security parking.
Additional features include ample storage, security intercom, internal laundry and visitor parking.
The building is located on the edge of Erskineville and Newtown and near cafes, restaurants, shops and Dendy Cinemas.
It was listed through Silvia Vitale of Laing+Simmons Potts Point.
<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/2018/11/26/erskineville%202.jpg" alt=""> 
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Erskineville apartment sells under the hammer for $875,000

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Pet days, massage treatments and yoga classes are among the new wave of health and wellness benefits landlords are using to attract tenants in Brisbane, according to Knight Frank.
Jamie Nason, Knight Frank Director of Office Leasing, said these are quickly becoming an important point of difference in a competitive market. 
“Owners will always have to improve their offering, particularly around the health and wellness area, to remain competitive, especially since tenants have quite a bit of choice,” he said.
“A building needs to tick every box or a landlord runs the risk of not securing the next tenant, and health and wellness is a key aspect for many tenants as it not only increases their enjoyment of the office, but attracts quality employees to their businesses.
“Landlords aren’t the only ones focusing on health and wellness offerings of course; companies are also continuing to offer more in this space, with more innovative offerings being rolled out.”
According to Nason, the current wellness offerings in the Brisbane office leasing market are:
<ul>
<li>End of Trip (EOT) facilities</li>
</ul>
While they have long been part of buildings, EOT facilities are fast becoming much more fancy, said Nason.
“Owners are up-speccing the standards for EOT, particularly owners of B-Grade buildings. Most EOTs now have a complimentary towel service, lockers, airing rooms, ironing boards and GHD hair dryers/straighteners.”
<ul>
<li>Fitness</li>
</ul>
Subsidised gym memberships and personal training courses are among the factors major firms are looking to for their staff.
Nason pointed to Knight Frank's recent National Steps Challenge, where around 70% of the Brisbane office participated in walking 10,000 steps over a month, as an example of the fitness programs being sponsored.
<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/2018/11/2/340%20adelaide%20st%20.jpg" alt="">
<ul>
<li>Yoga/meditation</li>
</ul>
Buildings such as 340 Adelaide Street (pictured above) and 127 Creek Street in Brisbane are among those who have introduced yoga and meditation days for tenants within the building.
Nason said that these classes are held in vacant areas of the building, and contrast from companies offering them within their own fitouts, such as boardrooms, which has been common in recent years.
<ul>
<li>Massage treatments</li>
</ul>
Companies such as Knight Frank are providing massage treatments from major health fund like Bupa.
<ul>
<li>Animal pet days</li>
</ul>
340 Adelaide Street offers tenants a ‘Bring Your Dog to Work Day’, which started on August 14 this year. The landlord, Mirvac, was the first landlord in Queensland to offer this.
Ben McGrath, Knight Frank Partner and Head of Queensland, said in line with many companies in Brisbane and nationally, Knight Frank placed huge importance on health and wellness for employees.
“Every year we have a had a national Wellness Week to coincide with RUOK Day, and this year we held events and raised funds for that cause,” he said.
“This included the 10,000 step competition, with other activities rolled out being morning meditations, free neck and shoulder massages, the provision of healthy kitchen snacks, a lunchtime walking group and a month-long Friday morning touch football competition.
“The activities have proven to be very successful, and the step competition and lunchtime walking group will continue indefinitely. We walk along the riverfront or through the Botanical Gardens, or to the Farmers Markets at Brisbane Square.
“The business also closed at 3pm on Friday, September 14, the day after RUOK day, to promote ongoing work/life balance.
“Knight Frank also offers free counselling services for all staff and their families, accessible for any reason at all and at any time, without any need to talk to anyone in the business, including HR.”
McGrath said Knight Frank was continuing to monitor its health and wellness offerings, updating them as required.
“We are listening to what our employees want,” he said. “One of the newest offerings in the pipeline as a result of employee demand is the plan to start a vegetable and herb garden.
“Not every tenancy can do this, but we are somewhat unique in having a balcony on which we can start the garden.
“Employees would be welcome to some of the produce and we would also use it for preparing food and drinks at functions held on the balcony, such as mint for mojitos and herbs for slow-cooked meats.”
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Puppies, massages and yoga: The new factors attracting Brisbane landlords

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Adjoining retail shops in Brighton have sold for the first time in 30 years for a combined $1.75 million.
The sale of the 342 square metre site over the two titles at 617 &amp; 619 Hampton Street stores reflected a yield of 1.9%, and land rate of $5,116 per square metre.
617 Hampton Street was offered with vacant possession while 619 Hampton Street is leased to longstanding tenant Hampton St Organic Produce, returning $33,581 per annum plus outgoings and GST.
Fitzroys agents Mark Talbot and Tom Fisher said the properties were Zoned Commercial 1 and are also subject to a DD012 Overlay with a preferred development height of 11 metres.
“The property attracted strong interest interest from investors, owner occupiers and developers looking for a rare chance to acquire a versatile and underutilised bayside freehold, leading to competition between multiple bidders at auction,” Talbot said.
Talbot said despite tightened lending conditions, vacant retail properties have been trading strongly throughout Melbourne.
“Cashed-up investors and owner occupiers will continue to be active in this space, as the low interest rate environment is expected to remain for some time,” he said.
He noted the recent sale of the former premises of the Brighton favourite Wild Holly Cakes on nearby Bay Street as an example.
“Demand from investors and owner occupiers to gain a presence in the blue-ribbon suburb has spilled over from the dominant Church Street retail strip,” Talbot said.
“The superb fundamentals of an affluent and growing immediate catchment have made a notable impact on one of Melbourne’s most highly regarded suburbs.”
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Adjoining shops in Brighton with development potential sold

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A Toorak modernist home designed by popular mid-century architect Anatol Kagan has hit the market.
Located at <a href="https://www.realestate.com.au/property-house-vic-toorak-129849898" target="_blank">4 Theodore Court, Toorak</a>, the home is for sale through an expressions of interest campaign ending December 10.
It has a price guide of $3.75 - $4 million.
<img src="https://www.realestate.com.au/blog/images/1600x1600-fit,progressive/2018/11/23170031/capi_53ca080226ad44e6319fcbf6a9fd992c_9a7fcb68649d10a78242a2db9e3f005c.jpeg" alt="" data-capiid="9a7fcb68649d10a78242a2db9e3f005c">
The property is located six kilometres from Melbourne’s CBD.
Last sold in 2007, the 1956 home went for $1.45 million.
The house also features a rooftop terrace.
<img src="https://www.realestate.com.au/blog/images/1600x1600-fit,progressive/2018/11/23170049/capi_53ca080226ad44e6319fcbf6a9fd992c_a4393da342889c93429d7299a7a508ab.jpeg" alt="" data-capiid="a4393da342889c93429d7299a7a508ab">
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Modernist Toorak home designed by Anatol Kagan listed

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A new residence atop the Yarra Boulevard escarpment in Kew’s Studley Park precinct is now on the market.
Edition Office, Flack Studio and Eckersley Garden Architecture are leading the project which boasts uninterrupted views of the Yarra River and Yarra Bend Golf Course, as well as the rolling hills of Mount Macedon.
The project, Fenwick comprises of three separate pavilions with two town homes, three apartments and five apartments respectively.
50% of the Fenwick site is dedicated to landscaping.
ANGLE Development Manager, Marcus Boscarato, said Fenwick will be of interest to both professionals and downsizers who love nature but need to live near the city, as well as those who value good design.
Fenwick is a 15-minute drive from CBD and a short walk to Kew Junction.
“Due to the restrictive planning controls, in particular, the heritage overlay, and the lack of properties changing hands in this precinct, Fenwick is literally one-of-a-kind and those familiar with the area will know how rare these properties truly are,” Boscarato said.
Interest has been noted as strong with prices ranging from $2.5 million to $5 million.
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New Yarra Boulevard development Fenwick hits 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.

&nbsp;

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.

[smartcode_project:default project_id=151449 project_image_fid=357458]

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."

[smartcode_project:default project_id=151449 project_image_fid=357463]

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.

[smartcode_project:default project_id=151449 project_image_fid=357469]

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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