<html><body>
Australia Fair’s $25 million upgrade is on track, with stage one of the redevelopment of the Southport shopping centre in Gold Coast expected to be completed by the end of the year.
Work is underway to replace and modernise the Centre’s iconic Scarborough Street facade.
The facelift will create a modern facade for the retail, dining and entertainment complex, with fresh signage bearing Australia Fair’s new branding.
Inside, ceiling mall finishes have been removed between the Scarborough St entrance and Mister Minit, while the ground-floor mall and an expansion of Coles continues. The store’s total floor space will increase to 4,222 sqm and will become one of the most modern supermarket formats in Australia, with new specialty butchery, seafood and bakery areas when it opens in December.
Hutchinson Builders has been contracted for the upgrades.
<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/2017/06/15/Australia%20Fair%20Artist%20Impression%20-%20Coles.jpg" alt="">
Australia Fair general manager Ramon Otten said construction was progressing well on the first stage of the Centre’s rejuvenation.
“The upgrades to the ground-floor mall and expansion of Coles will create a whole new look and feel to this part of the Centre,” Otten said.
New tenants include Colette by Colette Hayman, LiquorLand, Zaia Handbags, U Grill, Green Valley Butcher, Joy Stylist, Clearskincare Clinics. The latest arrivals include men’s clothing store Connor, which has recently opened on the ground level.
Sportsgirl, City Beach and Lowes have recently relocated into their latest concepts stores on the ground near Scarborough Street. Go Vita, Lucky Dragon Newsagency have all relocated to the Woolworths Mall floor while Ally Fashion has relocated next to Valleygirl on Level 1. Shine Beauty will be returning to the Centre in late 2017.
<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/2017/06/15/Australia%20Fair%20-%20Ground%20Floor%20Construction.jpg" alt="">
Major tenants Kmart, Woolworths and Event Cinemas already have completed their upgrades.
Otten said more tenancy announcements were in the pipeline.
“We are excited to see the transformation progressing so well and look forward to unveiling a vibrant and contemporary shopping experience to the public ahead of the 2018 Commonwealth Games,” he said.
Owner YFG Shopping Centre’s ongoing upgrade at Australia Fair follows the $15 million makeover of the Centre’s western section into Australia Fair Metro – an alfresco dining and retail precinct.
More details are available at <a href="https://www.propertyobserver.com.au/australiafair.com.au" target="_blank">australiafair.com.au</a>.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Southport's Australia Fair shopping centre upgrade on track for completion by year end

<html><body>
The Mudgee property, Wilbetree has been sold.
<a href="https://www.realestate.com.au/sold/property-mixed+farming-nsw-mudgee-7886762" target="_blank">The highly productive 370 hectare farm</a> fetched $5.2 million when offered for sale for the first time since the early 1820's.
With approximately 300 acres of alluvial flats and a further 613 acres of rolling mostly arable grazing land "Wilbetree" is renowned for lucerne hay production, fat cattle and cropping.
The main homestead enjoys an elevated position amid three acres of established gardens.
With buildings dating back to 1824, it is one of Mudgee's most substantial and oldest homes.
Additions were carried out in the 1980s.
"Wilbetree is arguably one of the finest properties ever offered for sale in the Mudgee district," the marketing by Andrew Blackman at Mudgee First National advised.
 
</body></html>

Mudgee property, Wilbetree sold

<html><body>
Nine out of 10 people who re-sold a property during the March 2017 quarter earned themselves a profit, according the CoreLogic Pain &amp; Gain March 2017 quarter report.
The total gross losses realised over the quarter was recorded at $493.8 million with a median gross loss of $35,000 per re-sale.
The CoreLogic Pain &amp; Gain report reveals Mackay ranked among the worst.
Areas linked to mining and resources sector continue to be some of the weakest housing markets across the country, the report noted.
Although transaction volumes appear to have bottomed in many of these regions, values have generally continued to fall albeit at a slower pace. 
The reported noted although more than half of all resales in Mackay were at a loss over the quarter, it noted there are signs that in some of the weakest markets conditions are starting to improve.
The proportion of resales at a loss has fallen in Mackay from a peak of 61.8%.
"Although there has been a moderate improvement in a number of these regions it is anticipated that the instances of resales at a loss will remain elevated in these regions.
"Although transaction volumes are generally no longer falling demand remains low and there are still many that bought at or near the market peak looking to sell and likely to incur losses when they do eventually sell their property," it noted.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-qld-mackay-124665666" target="_blank">4/361 Alfred Street</a>, Mackay (above) was recently sold for $149,000 after being sold in 2011 for $330,000.
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-mackay-124472702" target="_blank">11 Baxter Street</a>, Mackay (below) was recently sold for $160,000 after being sold in 2009 for $340,000 and in 2003 for $172,000.
<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/2017/06/26/11%20Baxter%20Street.jpg" alt="">
A three bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-qld-mackay-122595746" target="_blank">1/60 George Street</a>, Mackay (below) was recently sold for $230,000 after being sold in 2014 for $328,000 and in 2007 for $368,000.
<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/2017/06/26/1_60%20George%20Street.jpg" alt="">
A four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-mackay-123582650" target="_blank">1 Grant Street</a>, Mackay (below) was recently sold for $260,000 after being sold in 2010 for $340,000.
<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/2017/06/26/1%20Grant%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-mackay-124738302" target="_blank">3 Hamlet Street</a>, Mackay (below) was recently sold for $320,000 after being sold in 2014 for $248,000 and in 2011 $358,000.
<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/2017/06/26/3%20Hamlet%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-mackay-124561486" target="_blank">17 Hucker Street</a>, Mackay (below) was recently sold for $175,000 after being sold in 2008 for $280,000.
<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/2017/06/26/17%20Hucker%20Street.jpg" alt="">
Queensland municipalities, Lockyer Valley, Somerset and Ipswich proved tough markets too.
Across the capital cities, vendors reselling earnings were varied: Sydney resales earned 97.8%, Melbourne 95.3%, Adelaide 92.5% and Hobart 95.4% while vendors in Darwin 63.0%, Perth 76.8%, Canberra 90.4% and Brisbane 90.8% profit earnings were significantly less. 
In the regional areas of the country the top resale earners were in the Southern Highlands and Shoalhaven at 98.8%, Illawarra at 98.6%, Newcastle and Lake Macquarie at 98.2%, Sydney at 97.8% and Geelong at 97.3%. The biggest regional losses came from regional areas closely linked to the mining and resources sector. The Pain &amp; Gain regional results found that 11.1% of houses resold for less than their previous purchase price over the first quarter of 2017. By proportion, regional house sales losses were marginally higher than the 11.0% over the December 2016 quarter and slightly higher than the 10.9% in March 2016. 
<a href="https://www.propertyobserver.com.au/images/2017/06/26/Screen%20Shot%202017-06-26%20at%2012.07.45%20pm.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/2017/06/26/Screen%20Shot%202017-06-26%20at%2012.07.45%20pm.jpg" alt="">
CoreLogic report author Cameron Kusher said there is still a relatively high proportion of units in regional Australia reselling at a loss (17.2%) however, the proportion of loss making unit sales has shifted substantially lower as lifestyle markets see buyer demand rebounding and mining regions approach the bottom of their cycle.
At the end of 2016, 17.9% of regional units had resold at a loss and in March 2016 quarter the proportion was recorded at 19.7% of all properties. The 17.2% of regional units resold at a loss is the lowest proportion since the December 2010 quarter. 
“While the proportion of loss making sales has started to reduce in some of these regions, there remains a high willingness from home owners to sell up coupled with little demand to purchase. As a result we are seeing a high proportion of vendors materializing their losses,” Mr Kusher said.
</body></html>

Mackay is the most painful location for property vendors across Australia: CoreLogic

<html><body>
There was a $2.2 million weekend sale of a four bedroom Lane Cove bushland retreat.
The 18 Cogan Place offering was a renovated 1970s home, close to Macquarie Park in the city's north.
It was popular with owner occupiers with a local couple paying $200,000 over reserve for the property.
There were five registered bidders at its Belle Property auction.
</body></html>

Lane Cove bushland retreat sold

<html><body>
A contemporary five bedroom home behind its Federation Armadale facade topped the nation's results when it fetched $5.925 million at its weekend Marshall White auction.
<a href="https://www.realestate.com.au/sold/property-house-vic-armadale-125599174" target="_blank">The </a><a href="https://www.realestate.com.au/sold/property-house-vic-armadale-125599174" target="_blank">9 Alleyne Avenue, Armadale </a>offering was the renovation project of the advertising guru turned property developer Nick Condon, who was formerly managing director of ad agency DDB, and his interior designer wife Kate Beadle.
They secured $900,000 above reserve for the 1910 home that traded in 2014 unrenovated at $2.022 million. They kept the home’s charming red brick facade and the front four rooms, adding a modern extension with five metre high ceilings at the rear.
National clearance rates continued to trend below 70 per cent across the combined capitals, with preliminary results showing 69.1 per cent of auctions found a weekend buyer.
There were 2,323 capital city auctions held this week, down from the 2,444 held last week.
"This week’s preliminary result indicates that clearance rates are continuing to soften," CoreLogic auction analyst Kevin Brogan said.
"Compared to results from one year ago clearance rates are relatively similar with the 67.4 per cent rate of clearance," he noted.
Volumes are up slightly on last June when there were 2,183 offerings.
"Underlying demand is still strong," the Domain chief economist Dr Andrew Wilson noted in Fairfax Media reports.
"And this year, we have higher mortgage rates for investors," Dr Wilson added.
Melbourne’s preliminary clearance rate increased to 71.9 per cent this week, according to CoreLogic, up from last week’s final of 71 per cent, when the lowest clearance rate since July last year was recorded.
Auction volumes decrease slightly with 1,050 auctions held over the week, down from 1,129 over the previous week.
At the same time last year, the Melbourne clearance rate was 68.3 per cent across 1,085 auctions.
The Mornington Peninsula region was the best performer in terms of clearance rates, with an 87.2 per cent success rate across 44 auctions, followed by the North West region, where 79.5 per cent of the 90 auctions sold.
Melbourne had the cheapest result when $262,000 was paid at Moonee Ponds. It had been tipped to sell for around $240,000 to $250,000.
The one bedroom at 6/78 Argyle Street had last sold in 1997 at $53,500.
Across Sydney, 918 homes were taken to auction this week with the preliminary clearance rate for the city at 73.1 per cent.
The final clearance rate dropped for the third week in a row, with 66.7 per cent of the 927 auctions clearing last weekend.
The volume was lower one year ago, when 768 Sydney homes were taken to auction for a 73.4 per cent clearance rate was 73.4 per cent.
Sydney's highest result was a longway from the traditional Saturday auction hotspots, as winter triggers fewer listings.
Offered for the first time in 29 years, an imposing Glenhaven home on a five acre estate fetched $4,625,000. <a href="https://www.realestate.com.au/sold/property-house-nsw-glenhaven-125607338" target="_blank">The vast six bedroom residence</a> was built in 2001. 
The preliminary clearance rate in Brisbane this week was 30.7 per cent, down from 46.4 per cent over the previous week.
Auction volumes were lower this week with 129 auctions held, down from 151 last week.
But Wilston secured a record price when a four level home at 39 Ray Street sold for $3,851,000.
<a href="https://www.realestate.com.au/property-house-qld-wilston-125614870" target="_blank">The seven-bedroom, seven bathrooms trophy home</a> sits on a 1657 sqm block, with a pool, pool house with a shower and bathroom, and a tennis court.
It was sold through Queensland Sotheby’s International realty agent Douglas Tonkin who sold it to an international buyer, whose top bid broke the suburb record of $3.2 million.
"Fastidious owners have remodelled and extended the home to incorporate multi-level living flowing out to the finest in al fresco entertaining and recreation," Tonkin advised.
A total of 101 Adelaide homes were taken to auction this week, with a preliminary clearance rate of 67.6 per cent across 68 results, down from 69.5 per cent last week when 103 auctions were held across the city.
Adelaide's prices ranged between $313,000 at Ingle Farm and $940,000 for <a href="https://www.realestate.com.au/sold/property-house-sa-linden+park-125593922" target="_blank">a 1950s house at Linden Park</a>, which was marketed as representing land value. There had been $790,000 price guidance.
A four bedroom home at <a href="https://www.realestate.com.au/property-house-sa-ingle+farm-125637250" target="_blank">24 Sloan Road</a> at Ingle Farm had been marketed with $300,000 price guidance.
In Perth, 54 auctions took place this week, with Perth’s preliminary clearance rate of 36 per cent higher than both last week’s result (32.3 per cent) and one year ago (31.9 per cent). 
Canberra’s preliminary auction clearance rate of 73.9 per cent this week is higher than last week, when the final auction clearance rate was 50.8 per cent and higher than the 61 per cent recorded last year.
Canberra's top sale was $1.4 million when <a href="https://www.realestate.com.au/property-house-act-o%27connor-125622950" target="_blank">79 David Street, O'Connor</a> was auctioned, having been marketed with $1.25 million plus hopes.
</body></html>

Federation Armadale home tops weekend auction results

<html><body>
Romeciti has launched its 357-apartment Natura project in Macquarie Park, one of Sydney's booming residential construction precincts.
On the weekend, the developer sold 88 percent of its first stage launch of 210 apartments.
The total sales valued at $210 million.
This included a suburb record price of $5.6 million for a Grand Penthouse. All six Grand Penthouses have been sold prior to launch.
There were one bedroom apartments selling for $598,000 to $790,000.
The price range for two bedroom apartments was between $988,000 to $1,360,000.
The three bedroom apartments sold for $1.4 million to $1.6 million.
Selling agent RCG Real Estate's Justin Jia said most of the purchasers were owner occupiers.
The $450 million project is expected to be completed in 2020 with more than 7,000 square metres of communal gardens and 3,000 square metres of residential amenities.
Architects Architectus designed Natura, with living and communal space interiors designed by Elenberg Fraser, and landscaping designed by Aspect Studios.
Jia said these companies were specifically chosen to collaborate on this project.
Natura sits right next to an all natural creek, known as a riparian corridor, which is to be complemented with leafy pedestrian walks and cycle paths.
Romeciti will announce the stage two of Natura and its penthouses featuring the unique Rome Club services in coming weeks.
A high-end golf residential master plan community in Cattai is also in planning to be launched later this year.
 
</body></html>

Romeciti has launched its 357-apartment Natura project in Macquarie Park

<html><body>
Three vineyards with 102 hectares of vines on California Road in South Australia's McLaren Vale have sold for $10 million.
Knight Frank rural agent Russell Iles brokered the deal that achieved close to $40,000 an acre [$100,000 per hectare].
The district's last big sale was when the Conte family sold their long-held premium vineyards on California Road and Bayliss Road near Aldinga to fellow McLaren Vale winemaker Dowie Doole last year for $1.9 million. The 53-hectare property has 35 hectares of vines.
McLaren Vale is regarded as one of Australia's most prestigious wine districts.
South Australia is responsible for almost 80 per cent of Australia's premium wine. 
</body></html>

McLaren Vale vineyards sold for $10 million

<html><body>
Artist James Powditch’s converted Annandale warehouse was passed in at weekend auction.
The $2.85 million opening bid was followed by a vendor bid of $3.7 million.
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.
</body></html>

Big gap between buyer and seller at artist's Annandale warehouse auction

<html><body>
JLL Hotels &amp; Hospitality Group have announce the biggest Sydney pub deal for nearly six years with the simultaneous sale of the Hunters Hill Hotel and Tiger Bar Hotel Hurstville.
Iris Capital and Gallagher Hotel Management have bought two key Sydney hotels with a combined value of $65 million, to expand their footprint in the hot pub sector.
The sales come at an interesting time for the hotel industry with Redcape groups mooted $700m sale of their 26 venue hotel portfolio to Moelis Capital, John Singleton’s Australian Pub Fund continuing their attempts for a portfolio sell down and KKR, debt provider to the ill-fated leasehold Dixon group, reportedly seeking capital solutions after recently shelving IPO plans.
National Director John Musca who negotiated the sale stated that "the asset transactions are manifest examples astute divergence in investment and operating strategies of two highly respected industry stakeholders at a particular point in time, reflecting class-leading thinking on both their parts".
Opened in 2012 the Tiger Bar Hotel resides adjacent to the Hurstville bus and train stations in a precinct benefitting from a new LEP and residential intensification.
It includes public bar, TAB, gaming room and upstairs restaurant and is a consistently high-ranking NSW gaming venue.
Along with the neighboring Ritz and Meridian Hotels, the Tiger Bar has become a cornerstone entrainment venue for the Hurstville Forest Mall retail and business core.
The hotel was purchased by Iris Capital where a change in group focus has seen their property and business empire rapidly expand to include extensive development and broad-acre land interests across NSW.
This includes their recent success in winning the tender to acquire the East-End Newcastle city site master planned to include circa 700 residential apartments, a possible five star hotel and over 10,000m2 of retail space.
The regeneration is considered by many as being a catalyst for the evolution of the Newcastle CBD and has involved extensive community and council consultation.
The Hunters Hill Hotel was central to the most significant town centre redevelopment the precinct has ever seen and was extensively renovated and extended in conjunction with a new mixed-use 55 residential apartment, car park and retail complex in 2014.
The hotel sale included a separate 120 bay carpark and situated on a 5000 sqm site, came with approval to develop 4 more luxury rooftop apartments offering spectacular Harbour Bridge views.
It was purchased by Gallagher Hotel Management who under the careful stewardship of popular and awarded principals Patrick and Angela Gallagher, have steadily emerged as one of the industry's most respected hoteliers.
The group now adds the landmark Hunters Hill asset alongside another of their most recent icon acquisitions the Terrigal Hotel, purchased in May for $28 million.
"Much like the Oaks Hotel in Neutral Bay and the Golden Sheaf Hotel in Double Bay the Hunters Hill Hotel is a cornerstone, integral community establishment and a truly generational asset the likes of which are rarely traded", Mr. Musca said.
 
</body></html>

Iris Capital acquire Tiger Bar Hotel Hurstville

<html><body>
A boat shed at Dromana has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-dromana-124669614" target="_blank">179 Boat Shed</a>, the 15 metre by 10 metre boat shed comes with a licensed slipway.
It has been owned by the same family for over 26 years.
The boat shed has operated as a well-known boat hire for fishing and it has two allocated parking bays for the operator along with a further 10 car parks adjacent to the property.
Situated on a park-like setting on the beach with excellent entry and exit from Point Nepean Road.
<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/2017/06/23/179%20Boat%20Shed-2.jpg" alt="">
There is potential to further develop the property with STCA.
The median price of a house in Dromana is $617,500, which is higher than last year’s median price of $565,000.
Dromana is an attractive area with 154 more website listing visits than most suburbs in Victoria.
The property is offered through Kay &amp; Burton agents David Heathcote and Meg Pell.
It has a price guide of $600,000-$650,000.
The sellers were bowing out of the shed to retire, having run Dromana Boat Hire out of property since they bought it.
</body></html>

Dromana boat shed listed for first time in 26 years

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

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News