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Leasing activity in Perth lifted 32% in May, with reiwa.com data revealing 4,915 properties were tenanted over the month.
Tenant activity was very healthy in the metro area, the REIWA President Hayden Groves said although noting Perth’s private rental sector continued to present its challenges for landlords.
“Leasing activity was slightly subdued in April as a result of the Easter and ANZAC Day breaks, but rebounded strongly in May to record levels which now sit 17% higher than they did in May 2016,” Groves said.
Data from reiwa.com shows all five sub-regions experienced notable increases in activity over the month, with the North East sub-region the standout for May, increasing 35.5%.
“The South West and Central sub-regions also had particularly strong months, recording increases in leasing activity of 33.7% and 33% respectively.
“At a suburb level, East Perth, Perth and Scarborough in the Central sub-region had the highest volume of properties leased in May,” Groves said.
Although rental stock levels remain high in Perth, data for May shows listings were stable over the month with no change recorded.
Groves said there were hints that listing levels had finally begun to stabilise.
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j.ballantyne1990-6AQqhLzZaK

Residential leasing activity levels remain elevated in Perth

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Nailsworth ranks among the highest house median price growth suburbs in Adelaide, according to a recent Investar report.
The property investment firm says that in the last year Nailsworth’s house median price jumped by 22% in the 12 months to March 2017.
This was followed by Mile End with 20% and Woodville Park, Birkenhead and Dernancourt with 18%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="95">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="99">
Median price in March 2017
</td>
<td valign="top" width="83">
Median price 1 year prior
</td>
<td valign="top" width="71">
Growth in 1 year
</td>
</tr>
<tr>
<td valign="top" width="95">
Nailsworth
</td>
<td valign="top" width="54">
5083
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$610,000
</td>
<td valign="top" width="83">
$499,000
</td>
<td valign="top" width="71">
22%
</td>
</tr>
<tr>
<td valign="top" width="95">
Mile End
</td>
<td valign="top" width="54">
5031
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$540,000
</td>
<td valign="top" width="83">
$450,000
</td>
<td valign="top" width="71">
20%
</td>
</tr>
<tr>
<td valign="top" width="95">
Woodville Park
</td>
<td valign="top" width="54">
5011
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$579,000
</td>
<td valign="top" width="83">
$487,500
</td>
<td valign="top" width="71">
18%
</td>
</tr>
<tr>
<td valign="top" width="95">
Birkenhead
</td>
<td valign="top" width="54">
5015
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$415,000
</td>
<td valign="top" width="83">
$350,000
</td>
<td valign="top" width="71">
18%
</td>
</tr>
<tr>
<td valign="top" width="95">
Dernancourt
</td>
<td valign="top" width="54">
5075
</td>
<td valign="top" width="60">
4
</td>
<td valign="top" width="99">
$550,000
</td>
<td valign="top" width="83">
$465,000
</td>
<td valign="top" width="71">
18%
</td>
</tr>
<tr>
<td valign="top" width="95">
Fullarton
</td>
<td valign="top" width="54">
5063
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$790,000
</td>
<td valign="top" width="83">
$670,000
</td>
<td valign="top" width="71">
17%
</td>
</tr>
<tr>
<td valign="top" width="95">
Norwood
</td>
<td valign="top" width="54">
5067
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="99">
$507,500
</td>
<td valign="top" width="83">
$435,000
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="95">
Woodville North
</td>
<td valign="top" width="54">
5012
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$390,000
</td>
<td valign="top" width="83">
$335,000
</td>
<td valign="top" width="71">
16%
</td>
</tr>
<tr>
<td valign="top" width="95">
Seacliff
</td>
<td valign="top" width="54">
5049
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$747,000
</td>
<td valign="top" width="83">
$645,000
</td>
<td valign="top" width="71">
15%
</td>
</tr>
<tr>
<td valign="top" width="95">
Vale Park
</td>
<td valign="top" width="54">
5081
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="99">
$660,000
</td>
<td valign="top" width="83">
$572,500
</td>
<td valign="top" width="71">
15%
</td>
</tr>
</tbody></table>
A three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-nailsworth-124910602" target="_blank">20 Mawson Street</a>, Nailsworth (above) has been listed for $595,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-sa-nailsworth-124732666" target="_blank">32 Ellen Street</a>, Nailsworth (below) has been listed for $635,000.
<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/2017/04/27/32%20Ellen%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-nailsworth-124288410" target="_blank">4A Jones Street</a>, Nailsworth (below) was sold in January this year for $460,500.
<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/2017/04/27/4A%20Jones%20Street.jpg" alt="">
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-nailsworth-124651450" target="_blank">2/1-3 Jones Street</a>, Nailsworth (below) was sold in February this year for $330,000.
<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/2017/04/27/2_1-3%20Jones%20Street.jpg" alt="">
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Nailsworth scores 22% median house price growth: Investar

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The Southern Highlands residential property market is running hot, according to a recent Herron Todd White (HTW) report.
The property valuation firm says that strong price increases and quick selling periods have been evident across the entire region.
The main driver is the trend of second and third home buyers and retirees relocating for a tree change from Sydney and for the affordability.
"The townships of Moss Vale, Bowral and Mittagong have been the stand out performers," the report said.
Fully renovated or new properties with nothing left to spend are sought after.
The strongest activity is under $1.5 million.
A three bedroom unit at <a href="https://www.realestate.com.au/property-unit-nsw-bowral-125033606" target="_blank">2/41 Shepherd Street</a>, Bowral (above) has been listed for between $900,000 to $990,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-moss+vale-124981530" target="_blank">602 Argyle Street</a>, Moss Vale (below) has been listed with a price guide of $899,000.
<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/2017/04/20/602%20Argyle%20Street.jpg" alt="">
Price brackets above this level are also increasing," the report stated.
HTW has noted that the fringe suburbs of Southern Highlands is also beginning to see strong activity
"There has been strong activity from first home buyers seeking affordable housing options across the fringe suburbs in the Southern Highlands, essentially the villages such as Robertson, Bundanoon, Colo Vale, Hill Top and Tahmoor that are removed from the three major towns of Bowral, Mittagong and Moss Vale," the report advised.
"Properties still sell under $700,000 in these perimeter suburbs.
"If interest rates were to dramatically rise, then pricing levels will decline.
"If interest rates remain at low levels, then we anticipate that pricing levels will plateau.
"There are similar trends evident in the Tablelands, with good land sales and new home construction activity in the new and modern residential estates on the fringe of Goulburn including the Belmore Estate, Merino Country Estate and the Mistful Park Estate."
New land releases are trading for $200,000 to $250,000, with house and land packages ranging from $500,000 to $600,000.
Likewise some of the villages between Sutton Forest and Goulburn, such as Marulan have seen an uptick in first home owner activity, with new land releases being quickly absorbed by the market in the $160,000 to $190,000 range for 1,000 square metre blocks.
The Crookwell village is also seeing good buyer activity and price growth.
“We see strong buyer activity from first home buyers, second and third home buyers and retirees," the reports said.
"We are also seeing strong interest from Sydney investors in Goulburn.
"Part of the attraction here aside from lower entry price is ease of access to the Sydney-Canberra freeway.
"Many buyers will commute to Goulburn, Canberra or back up to Moss Vale and Bowral."
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Southern Highlands and Tablelands residential property running strong: HTW

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Property fund manager Charter Hall Group’s Direct Office Fund has been awarded the best direct property fund at the Money Management/Lonsec Fund Manager of the Year Awards.
DOF is the flagship fund for the Charter Hall Direct business, returning an average of 18.2% per annum (on Wholesale A Units) compared to the benchmark (MSCI/IPD Australian Unlisted Wholesale Property Fund Index) of 12.3% per annum since 2014, said Charter Hall.
Its portfolio includes 11 fully leased office buildings in Sydney, Melbourne, Brisbane and Perth valued at more than $1.1 billion.
According to Charter Hall, the DOF’s investment strategy includes buying Australian commercial real estate assets which are on long leases with quality covenants.
DOF recently leased several floors in the glass wall skyscraper, 1 Nicholson Street, on the northern edge of Melbourne CBD for an eight-year term.
Charter Hall Direct head Steven Bennett said the award from research house Lonsec was proof the fund was delivering strong risk- adjusted returns to investors.
“This award is a testament to the Charter Hall Direct team that seeks to provide investors with market leading direct property investment opportunities that are usually only available to wholesale investors,” he said.
“We continue to witness strong interest in DOF with more than $200 million equity raised since September 2016 from high net worth, self-managed super funds, investors in retail super and pension platforms and advised investors.”
He said Sydney and Melbourne assets accounted for more than 80% of the fund’s portfolio.
The fund has received strong ratings from independent research houses, with ‘Highly Recommended’ by Zenith, and ‘Highly Recommended’ by Lonsec.
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Charter Hall's office fund wins best direct property fund award

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Turner &amp; Townsend’s project manager Scott Sheehan has won the Construction Professional of the Year award for his work at Hummingbird House.
The award from Royal Institution of Chartered Surveyors (RICS) was given away at a function in Melbourne’s RACV Club.
Hummingbird House is Queensland’s only children’s hospice. It has eight beds and provides care for children with life-limiting conditions and their families.
<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/2017/06/02/_MG_9140.jpg" alt="">
It is operated by Wesley Mission Queensland, and has been built at Wesley Mission Queensland’s Wheller Gardens site in Chermside, North Brisbane, close to the Chermside’s transport hub, the Clem 7 and the Prince Charles Hospital. 
It is a joint effort of the Hummingbird House Foundation and Wesley Mission Queensland.
The facility will deliver a variety of services, such as short-break stay, symptom management, emotional and psychosocial support, end of life care, bereavement support and many activities and therapies.  
Project managers for Hummingbird House, Turner &amp; Townsend – led by Scott Sheehan, completed over 900 hours of pro-bono time over a two-year period for the project.
<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/2017/06/02/_MG_9159.jpg" alt="">
“I’m elated to win this award. Many people and organisations have donated their time to this children’s hospice which is changing the lives of many children and their families,” said Sheehan. 
Anooj Oodit, managing director, Australia and New Zealand for Turner &amp; Townsend said Sheehan and his team “worked tirelessly to deliver it on time and within budget”. 
“Their in-kind involvement and support from the outset has been second-to-none and has been a crucial factor in attracting other high calibre construction partners and consultants to come on board,” said managing director &amp; co-founder of Hummingbird House Foundation, Paul Quilliam.
<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/2017/06/02/Scott.jpg" alt="">
 
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Turner & Townsend’s Scott Sheehan wins Construction Professional of the Year award

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Deal Corp is selling 34 serviced apartments in one line at its Arkana development at Dandenong with expectations of around $10 million through Savills.
Designed by Hayball Architects, Arkana comprises an eight-storey building with serviced apartments, ground floor retail, office accommodation, conferencing and other facilities.
They are fully leased to hotel operator Punt Hill at a total annual income of $723,236.
The apartments are on the market by expressions of interest closing July 5.
The marketing is being handled by Savills' Julian Heatherich, Benson Zhou and Jesse Radisich.
Heatherich said the unique investment offered benefits over a typical apartment investment.
"This offering provides investors with 34 fully furnished apartments leased to the Punt Hill Group at fixed rental costs with annual CPI increases, rent is not linked to occupancy or vacancy, assuring investors of dependable annual gains, returns are well above residential apartment rates and there are depreciation benefits from a modern building," he said.
The lease is on each apartment specifically and was not dependent on group revenues or any other form of pooled income or profit share.
He said owners could use apartments up to 14 days annually.
Zhou said the number of serviced apartments had surged by more than 300 per cent making it the fastest-growing category of tourist accommodation in Melbourne.
 
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Deal Corp's 34 Dandenong apartments for sale in one line

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Sydney CBD commercial property sales have decreased compared to the previous quarter, according to property data firm CoreLogic's latest Cityscope.
The latest research from Sydney Cityscope shows that Sydney CBD commercial property sales for the three months ending May 2017 have decreased in total value from the preceding quarter.
There were 73 sales recorded for the most recent quarter with a total value of $796.7 million, as compared to 93 sales for a total of $1.213 billion for the quarter ending February 2017 and the 104 sales for a total of $1.004 billion for the quarter ending November 2016.
For the year ending May 2017, there were 359 sales recorded for a total of $4.867 billion, compared to 382 sales for a total of $8.714 billion for the year ending May 2016.
The table below shows sales recorded for the last eight updates of Sydney Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/06/09/Chart-3.jpeg" target="_blank" style="font-size: 12.16px;">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/09/Chart-3.jpeg" alt="">
Recent notable sales in Sydney include:
<ul>
<li>Exchange Centre at 20 Bridge Street, Sydney, also referred to as the ASX Building, a 16-level commercial building with two levels of basement parking for 34 cars, providing total building area of 20,328 sqm, which sold for $340 million in a deal handled by Savills;</li>
<li>59 Goulburn Street, Sydney, formerly known as Sydney Plaza, a 28-level 19,721 sqm office building with retail space on ground floor and three levels of parking for 126 cars, which is contracted to sell for $158 million and</li>
<li>Dudley House at 468-472 George Street, Sydney, a six-storey office building plus basement with a net lettable office area of 788 sqm, together with the next door property at 458-466 George Street, a 2-storey building with four shops at street level, which sold for $116 million through Knight Frank.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/06/09/Chart-3.1.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/06/09/Chart-3.1.jpeg" alt="">
Properties for sale in Sydney Cityscope in May 2017 include:
<ul>
<li>A half share in the MLC Centre at 19 Martin Place, a 67-level office and retail complex including the office section, 90 shops, a tavern and the Theatre Royal, providing 67,900 sqm of office space and 5,200 sqm retail area plus 297 car parking spaces, which is for sale by expressions of interest closing 6 June 2017 through Savills and JLL Sydney;</li>
<li>The developable airspace above the Clarence Street entrance to Wynyard Walk at 26-38 Clarence Street, a five-storey structure with three levels below ground and two levels above ground on a site of about 725 sqm, zoned B8 Metropolitan, which is for sale by expressions of interest closing 29 June 2017 through CI Australia Sydney; and</li>
<li>Level 1 at 352 Kent Street, whole level one of 184 sqm office space in an eight-storey office building, is for sale by auction on 6 June 2017 through Noonan Property.</li>
</ul>
Properties with space for lease in Sydney Cityscope in May 2017 include:
<ul>
<li>AON Tower at 201 Kent Street, a 34-level tower, including a retail plaza at ground level, four levels of basement parking and three plant levels with a net lettable area of 40,176 sqm, which has office space from 210 to 7,200 sqm available through Colliers International;</li>
<li>The ACE Building at 28 O’Connell Street, a 15-storey building with two basement levels for 35 cars, which has office space from 115 to 4,000 sqm available through Ray White Commercial Office Leasing and Cushman &amp; Wakefield;</li>
<li>201 Elizabeth Street, a 42-storey building with Foodbase on the lower ground floor, a two-storey annexe and two levels of basement parking for 175 cars, which has office space from 184 to 4,923 sqm available through Colliers International; and</li>
<li>9 Hunter Street, a 21-level office building plus a single-level gymnasium and sports centre, which has office space from 945 to 3,794 sqm available through Knight Frank and Colliers International.</li>
</ul>
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Sydney CBD commercial properties sales decline: Cityscope

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The number of auctions held this week saw a significant decrease, with 1,265 properties taken to market across the combined capital cities, down from 2,578 over the week prior. 
The decrease in auction activity this week is attributable to the Queen’s Birthday public holiday this Monday, which has affected activity across most states, including Australia’s two largest auction markets. 
The lower volume is consistent with what is historically seen over this period, with 1,100 auctions reported over the same week last year. Last week saw the final auction clearance rate revise lower to reach 69.8 percent; an equal second lowest clearance rate for the year so far.  
The final clearance rate last week was the lowest over 2017 to date in Sydney and Melbourne.  
This week the preliminary auction clearance rate increased slightly to 71.8 percent, however it is typical to see clearance rates revise lower as final results are collected.
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/2017/06/13/20170612-Cap-city.jpg" alt="">
Across Melbourne, this week’s preliminary clearance rate was recorded at 77.1 per cent, up from 73.1 per cent last week and remaining well above the clearance rate for the city one year ago (64.5 per cent). This week, Melbourne was host to 392 auctions, lower than the 1,188 held last week, but higher than a year ago when there were 341 Melbourne auctions held over the week. Of the 9 individual Melbourne sub-regions, this week the strongest performer, in terms of clearance rate was the North West. So far, CoreLogic has collected 29 results for the region and the preliminary result shows 89.7 per cent of these auctions were successful.
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/2017/06/13/20170612-Melbourne.jpg" alt=""> 
Sydney’s preliminary clearance rate this week was 71.3 percent across 457 auction results. There were a total of 610 auctions held across the city. Looking back at this weekend last year, 463 auctions were held across Sydney and a clearance rate of 74.1 percent was recorded. 
Sydney’s North Sydney and Hornsby hosted the most auctions of any Sydney sub-region this week, with 100 properties taken to auction. The preliminary clearance rate for the region is 75.8 percent across 66 results.
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/2017/06/13/20170612-Sydney.jpg" alt="">
There were 112 Brisbane auctions this week with a preliminary clearance rate of 64.8 percent, having increased from 42.5 percent last week across 151 auctions and higher than one year ago when there were 142 auctions with a success rate of 46.3 percent. The Gold Coast’s preliminary clearance rate was 51.6 percent across 31 results this week.
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/2017/06/13/20170612-Brisbane.jpg" alt="">
This week, Adelaide saw a preliminary clearance rate of 73.9 percent, with 46 reported results across a total of 66 scheduled auctions. In comparison, over the previous week Adelaide’s clearance rate was 59.3 percent and 75.4 percent one year ago.
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/2017/06/13/20170612-Adelaide.jpg" alt=""> 
There were 42 Perth auctions this week and so far 12 results have been reported, with just 50.0 percent selling. Last week there was a 47.6 percent clearance rate for Perth.
Canberra’s preliminary auction clearance rate of 66.7 percent this week is lower than last week, when the final auction clearance rate was 68.6 percent and lower than the 73.9 percent recorded last year.
Tasmania saw 4 auctions take place this week, 3 results have been reported so far, with 2 sales.
Cameron Kusher is head of research for CoreLogic. You can contact him <a href="https://blog.corelogic.com.au/about/">here</a>.
 
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Preliminary auction clearance rate holds above 70 percent on lowest volumes since Easter

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A five bedroom Toorak house has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-toorak-125303894" target="_blank">57 Grange Road</a>, the 1474 sqm property was designed by architect Nick Saunders with gardens by Jack Merlo.
It was last sold in 2001 for $1.775 million and again in 1998 for $1.4 million while the block of land was sold in 1978 for $169,500
The family room features open fireplace and extends to a north west facing blue stone terrace.
Dining room overlooks swimming pool with extensive garden and tennis court.
<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/2017/06/06/57%20Grange%20Road-2.jpg" alt="">
Living areas are served by marble kitchen featuring state-of-the-art appliances.
The main bedroom that features a dressing room, ensuite and study room offer views of the surrounding landscape.
Upstairs consists of four bedrooms all with its own walk-in robes/built-in robes and two central bathrooms.
A rumpus room is also available and has a bar plus a glass walled Olympic sized gym.
Other features include a five car garage and a self-contained granny flat.
Expressions of interest closes on June 14 and it is offered through Marshall White agents Marcus Chiminello and Nicole French.
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Nick Saunders-designed Toorak house listed

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A historic weatherboard Wentworth Falls house has been listed for $3.5 million.
Located at <a href="https://www.realestate.com.au/property-house-nsw-wentworth+falls-110751403" target="_blank">82 Fletcher Street</a>, Carramar sits on a 8000 sqm block of land comprising of three titles.
Built around 1900 it was last sold in 2008 for $3.3 million and again in 2001 for $1.34 million.
It features a two bedroom coach house alongside a vegetable garden.
Surrounded with views of Mount  Solitary, contemporary and period features blend perfectly throughout the main home.
<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/2017/06/05/82%20Fletcher%20Street-2.jpg" alt="">
Three double bedrooms are available as well as a study/fourth bedroom along with two bathrooms and formal living and open plan French farmhouse style eat-in kitchen.
A fireplace and terrace is also available along with garden vistas and valley views.
Other feature includes three car spaces and one lockup garage.
The property is only one to one and a half hourse from the CBD with Wentworth Falls within close proximity.
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Historic weatherboard Wentworth Falls house listed for $3.5 million

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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