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

Majority of Ipswich renovators are owner-occupiers: HTW

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

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

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

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

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

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

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

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

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

A trio of Queensland property groups have unveiled plans for a $300 million mixed-use redevelopment of the former Noosa Bowls Club site, a proposal that would deliver more than 200 new homes in one of the Sunshine Coast's most supply-constrained markets.

Kilter Property, Frank Developments and Calile Malouf Investments are behind the plans for the 1.8-hectare site at <a href="https://www.apartments.com.au/new-apartments/99-noosa-drive-noosa-heads-qld-4567">99 Noosa Drive</a>, which would transform the long-vacant site into a new residential precinct featuring 208 apartments, retail, hospitality and public space.

The proposal comes as Noosa continues to grapple with housing affordability and a shortage of permanent accommodation, particularly for key workers. The site's location in Noosa Junction, close to shops, public transport and employment, aligns with the direction of Noosa Council's Housing Strategy, which encourages higher-density housing within established activity centres rather than continued urban expansion.

The draft plans include 48 affordable-by-design apartments and 48 rooming accommodation units aimed at key workers. Around 2,000 sqm of ground-floor retail and food and beverage space would activate the street frontage, alongside a new public town square and landscaped open space.

<img alt="Noosa" data-entity-type="file" data-entity-uuid="2dd02f53-1360-4e51-801e-bfd61a6c980e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-26%20at%208.44.34%E2%80%AFPM.png?VersionId=x1iNs3BSMN6Jy7YUwaBZMHRrrKX2hMpy" />

&nbsp;

Frank Developments Founder and Director Frank Licastro said the development would continue the company's focus on architecturally-led residential projects while addressing one of the region's biggest challenges.

"Not only will this project exude a sense of luxury, it will also enhance not only the built environment but also the surrounding community," Licastro said.

"Noosa's success relies on the people who live and work here. Providing well-designed accommodation for key workers is critical to supporting the local economy and ensuring the Shire can continue to thrive."

Kilter Property Co-Founder Huw Williams said the focus was on delivering additional permanent housing while creating a mixed-use destination that benefits both residents and the wider community.

"Our focus is on delivering a well-considered mixed-use project that provides more permanent housing options, supports local workers and businesses, and delivers an exceptional product for the local market," Williams said.

"The redevelopment vision aligns with the long-term evolution of Noosa Junction as a vibrant activity centre, creating a destination that enhances the area's character while delivering significant economic and community benefits."

Calile Malouf Investments, best known for its role in Brisbane's James Street precinct and The Calile Hotel, will bring its place-making experience to the project. The company recently commenced construction on The Calile Noosa hotel and says the residential development will complement its growing investment in the region.

CMI Director Cal Malouf said the aim was to create a walkable precinct combining housing, retail and hospitality while remaining true to Noosa's character.

"We see a similar opportunity in Noosa to deliver a vibrant, walkable destination that combines exceptional housing, hospitality and retail in one integrated project," Malouf said.

Brisbane-based Cavill Architects has been appointed to design the project.

Joel Robinson

Noosa Bowls Club to be redeveloped into mixed-use apartment precinct

One of Brisbane's last major riverfront redevelopment opportunities has taken a significant step forward, with Lendlease selected as the Queensland Government's preferred development partner for the former Visy site in South Brisbane.

The seven-hectare industrial site, positioned between South Bank and West End and 1.3 kilometres from the Brisbane CBD, will be transformed into a mixed-use precinct expected to deliver more than 4,000 new homes alongside extensive public open space and riverfront parkland.

The project is one of the largest urban renewal opportunities currently planned in Brisbane and is expected to play a key role in accommodating the city's growing population ahead of the 2032 Olympic and Paralympic Games.

Plans for the precinct include a network of riverfront promenades and boardwalks, new public plazas, parkland, amphitheatre-style gathering spaces and shared pedestrian and cycling links designed to reconnect the long-isolated site with the Brisbane River.

The Queensland Government is targeting delivery of the first homes and key public spaces before the 2032 Games, allowing the precinct to begin contributing new housing and public amenity well before the broader masterplan is complete.

The redevelopment is also expected to support more than 3,000 jobs across planning, construction and ongoing operations.

For Lendlease, the appointment adds another major urban regeneration project to its Queensland portfolio. The developer has operated in the state for more than 70 years and has delivered a number of large-scale mixed-use precincts in partnership with government.

Lendlease Development CEO Claire Johnston said the project represented one of Brisbane's most significant redevelopment opportunities.

"The transformation of the former Visy site represents a rare opportunity to reimagine one of Brisbane's most significant riverfront locations, deliver thousands of much-needed homes, and create long-term legacy," Johnston said.

"In partnership with the Queensland Government, we have the opportunity to create a new riverside destination that will help shape Brisbane's growth and how people experience the city for decades to come.

"This is exactly the type of large-scale, city-shaping development that will provide lasting benefits for Queensland, bringing together housing, jobs and world-class public spaces."

Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the riverfront transformation would deliver a thriving new community precinct.

“The Crisafulli Government is delivering this golden opportunity to unlock a riverfront jewel for all Queenslanders,” Deputy Premier Bleijie said.

“This is a once-in-a-generation moment to reshape a significant slice of Brisbane and deliver lasting benefits – thousands of new homes, and public spaces for all Queenslanders to enjoy well beyond the 2032 Olympic and Paralympic Games – unlike Labor’s plan which would have delivered zero benefits and zero new homes.

“Queensland is well and truly open for business and through partnership with the private sector, we are accelerating delivery while ensuring strong housing, community and economic outcomes."

Early works on the precinct are expected to commence in April 2027.

Lendlease selected to deliver transformative South Brisbane riverfront precinct

Eddy Haddad's <a href="https://www.apartments.com.au/developers/level-33">Level 33</a> is levelling up its approved Wollongong development, as the coastal city south of Sydney continues to prove popular in the high-density development space.

Level 33, a longtime developer in the Wollongong area, has gone through the NSW Government's Housing Delivery Authority to upsize its approved two-tower development on the corner of Crown Street and Gladstone Avenue, just 100 metres from Wollongong Station.

The developer currently has approval for 252 apartments across two buildings rising to 19 storeys. It is now seeking approval for 33 and 38-storey towers that would deliver 467 apartments, including 67 affordable homes.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the development would comprise apartments above a three-level podium with around 1,100 sqm of retail space, along with basement parking for 448 vehicles.

According to the Urban Design Report by BKA, the proposal has the capacity to "reinforce the precinct's identity by strengthening links between health, education, and transport services, while also contributing to Wollongong's ongoing evolution as a key regional centre."

Wollongong is somewhat in vogue. Between Level 33 and Urban Property Group, the two developers have several thousand apartments planned across the city.

Level 33 is currently delivering Easterly Wollongong, one of its most boutique projects to date with just 21 high-end apartments, as well as Atchison &amp; Kenny, a 329-apartment development due for completion later this year.

The developer plans to redevelop the 13,088 sqm WIN Grand megasite into <a href="https://www.apartments.com.au/new-apartments/crown-square-216-238-keira-street-wollongong-nsw-2500">Crown Square</a>, a new $500 million precinct with nearly 600 apartments. It also has more than 900 apartments planned for the former Bunnings Warehouse site at the intersection of Gipps and Flinders streets.

Urban Property Group is also playing a major role in the city's transformation. Its five-tower Keira Place precinct will deliver more than 800 homes, and it has recently lodged plans for a further 300 apartments near Wollongong Station.

First look: Level 33 upsizes Wollongong apartment towers

Just a week after filing plans for the final stage of its major Keira Place masterplan, <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has unveiled another significant housing proposal in Wollongong, this time targeting a prominent site opposite North Wollongong Station.

The developer has lodged a State Significant Development Application for a 38-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/4-4a-flinders-street-north-wollongong-nsw-2500">4-4A Flinders Street</a>, around one kilometre north of the <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place precinct</a> currently taking shape on the edge of the CBD.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="2b6428f1-6405-4038-8476-897de440e90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium.png?VersionId=QLqEvK0OuCEwRC47oHNftrw2B1YqaHF8" />

Designed by Studio.SC, the proposal comprises a 38-storey mixed-use development containing 303 apartments, including 45 affordable housing units, alongside 174 co-living residences. The scheme also includes ground-floor retail space, extensive landscaping and public domain improvements.

Studio.SC noted in the proposal it "outlines a vision for a landmark transit-oriented mixed-use development centred around North Wollongong Station, designed to support the city’s future growth while responding to the NSW Government’s housing and planning reforms."

The architecture firm said the proposal responds to the opportunities and constraints shaping future growth within the 400-metre catchment of the station and represents "a coordinated and future-focused approach to urban intensification, contributing to the long-term evolution of North Wollongong as a connected, walkable and high-density station precinct."

The site occupies a strategic corner bounded by Flinders Street, Station Street, Stafford Street and the Princes Highway, directly opposite North Wollongong Station.

<img alt="First look: Urban Property Group plans 38-storey North Wollongong tower as Keira Place expansion gathers pace" data-entity-type="file" data-entity-uuid="7863adad-1f71-4022-b850-f44b252738fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/flinders%20podium%20a.png?VersionId=WsU7av0g8_8R2tGHWxgHeFSlhu7yeY1V" />

The proposal follows Urban Property Group's recent submission for the second and final stage of Keira Place, which would deliver a further three buildings comprising 657 homes opposite Beaton Park. It builds on the first stage, which features 150 apartments across two towers and recently commenced construction.

Urban Property Group CEO Patrick Elias said breaking ground on the first stage marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/urban-property-group-unveils-trio-of-towers-for-next-stage-of-new-wollongong-precinct-keira-place">Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place</a>

First look: Urban Property Group plans next major Wollongong tower

<a href="https://www.apartments.com.au/developers/arada">Arada Australia</a> has wasted little time expanding its ambitions in Campsie, lodging plans for a second major project in the rapidly transforming town centre just months after unveiling its three-tower One Campsie proposal on Beamish Street.

The UAE-backed developer has now taken aim at one of the suburb’s most strategically positioned sites, filing a State Significant Development Application for a <a href="https://www.apartments.com.au/new-apartments/10-north-parade-campsie-nsw-2194">33-storey mixed-use tower</a> at 10 London Street and 43 North Parade, directly opposite the future Campsie Metro Station. The proposal is currently on public exhibition and represents another significant vote of confidence in Campsie's emergence as one of Sydney’s key transit-oriented growth centres.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the development would deliver 156 apartments above a podium containing retail and commercial space, creating a new residential and commercial gateway to the town centre. The scheme also includes a four-level above-ground parking podium and a dedicated residential amenity floor featuring wellness and recreation facilities. At least 10 per cent of the apartments would be allocated as affordable housing for a period of 10 years.

The proposal occupies a 1,631 sqm site bounded by London Street, North Parade and Dispensary Lane, immediately adjoining the future Metro station precinct and just metres from Beamish Street’s retail and dining strip. According to the Urban Design Report, the project seeks to deliver "a great place that prioritises human-scaled experience and provides spatial improvements to the area."

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="175a8324-015b-4856-abe3-ce6f23199fa7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium%20campsie.png?VersionId=742UGwXFhFBX4GEl6wX4PYIWREAgn6il" />

Woods Bagot describes the tower as a key marker within Campsie's next phase of growth.

"Located directly opposite the new Campsie Metro Station on North Parade, 10 London Street is a thoughtfully composed 33-storey mixed-use tower that contributes to the ongoing transformation of the town centre," the Architectural Design Report states. The report says the project is intended to provide "high-quality homes within a vibrant, connected urban environment, while helping define Campsie's future skyline."

A strong emphasis has been placed on the public realm. The ground floor incorporates over 500 sqm of retail space and active frontages along both London Street and North Parade, while the podium is wrapped by extensive landscaped planting intended to soften the building's scale and strengthen the pedestrian experience. The development would also widen surrounding footpaths and improve connections between the Metro station and the broader town centre.

Above the podium, residents would have access to more than 1,400 sqm of communal amenities, including a pool, gym and landscaped recreation spaces. A distinctive green-wall treatment extending across four podium levels forms a major architectural feature, helping differentiate the project within the emerging high-density precinct.

The tower's design is closely tied to the broader Campsie Town Centre Master Plan and the arrival of Sydney Metro. The Urban Design Report notes the proposal "directly supports the Campsie Town Centre Master Plan by delivering new homes in a location explicitly identified for growth, improved accessibility, and high-quality urban renewal." It adds that the project contributes to the master plan's vision for a strengthened town centre supported by thousands of new homes around the future Metro station.

<img alt="First look: Arada doubles down in Campsie with 33-storey Metro-front tower plans" data-entity-type="file" data-entity-uuid="bfd17654-253e-489a-bade-6278d63db412" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/base%20campsie.png?VersionId=3roJPMQGs36dazpkhvpvbDDP73Ld.Ica" />

The application follows Arada Australia's recently lodged One Campsie project at 124–142 Beamish Street and 16–18 Ninth Avenue, where the developer is seeking approval for 346 apartments across three towers rising 24, 32 and 39 storeys. Together, the two proposals would cement Arada Australia as one of the most influential developers shaping Campsie's future urban form.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-arada-files-for-trio-of-apartment-towers-in-campsie-town-centre">First Look: Arada Australia files for trio of apartment towers in Campsie town centre</a>

Arada Australia entered the Australian market in 2024 and has rapidly assembled a significant development pipeline across Sydney. Alongside its Campsie holdings, the developer is soon to launch <a href="https://www.apartments.com.au/new-apartments/wattle-green-2-fishburn-crescent-castle-hill-nsw-2154">Wattle Green</a> in Castle Hill, and has expanded its local operations following its acquisition of construction firm Roberts &amp; Co.

Located around 14 kilometres south-west of the Sydney CBD, the site sits at the centre of one of Sydney's fastest-changing middle-ring precincts. The Metro conversion of Campsie Station, combined with Canterbury-Bankstown Council's master planning framework, is driving significant residential intensification around Beamish Street and North Parade, with thousands of new homes expected over coming decades.

Staff reporter

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