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A Gold Coast United Labrador petrol station has been sold for $8,975,000 to a private investor.
Located six kilometres north of Surfers Paradise, the station is 225 square metres with a canopy area and four numbers bowers with 28 pumps, capable of servicing eight vehicles at a time
There is a total of 446 square metres of gross lettable area.
The sale realises a full leased initial yield of 5.12 percent.
Built in 2016, the property also contains 284 square metres of sub-leased tenancies.
JLL’s Doug Rapson and Campbell Bowers from Retail Investments managed the offer to market and auction.
Rapson said the sale pointed to an upturn in the strength and demand of the Gold Coast market.
“As the Gold Coast continues to transition from a seasonal tourism destination, to a mature diversified city, the demand for public and private investment into residential, commercial and infrastructure projects will increase,” he said.
“We strongly believe that the Gold Coast will continue to outperform the broader QLD economy for the foreseeable future and that major institutional investment will continue to gain momentum.”
 
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j.ballantyne1990-6AQqhLzZaK

Gold Coast petrol station sold for $8,975,000

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Real estate disruptor, the ASX-listed DIY platform buyMyplace.com.au recently hit a milestone of 4000 properties sold over the past decade.
They were worth a combined $2.1 billion since launching in 2007.
The commission free real estate company advised they continue to experience strong growth, despite market activity declines.
The company has also conﬁrmed the appointment of Linda Dillon to the role of Head of Acquisitions and Integration to spearhead its proactive acquisi-tion and partnership strategy.
A quarter of their sales have occurred in the past year with buyMyplace chief executive Paul Heath say the concept appealed to people with the time, confidence and desire to do it themselves.
BuyMyplace charges fees starting from $700 for a basic selling package plus $900 if vendors take their home to auction.
It claims to save over $15,000 in agent commissions and marketing fees on a $500,000 home.
Another DIY selling platform, forsalebyowner.com.au, claims to have sold over 7000 properties worth more than $3 billion since beginning operations in 2011.
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Real estate disruptors gain market share

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The Tax Office has illustrated why the budget clamped down on property investors on depreciation.
They have cited landlords having inflated deductions as much as 1000 percent.
The budget included a measure restricting depreciation deductions which will raise $260 million in the next four years.
"The ATO has actively monitored this area over many years," an ATO spokesman told The Australian Financial Review.
"During this time we have identified a number of issues relating to inflated valuations of depreciable assets in rental properties."
The spokesman said that one of the ATOs concerns was the use of the "new for old" method, which effectively values assets at new prices even if they are years old.
The ATO gave one example of a landlord who had valued the equipment in their property by 600 percent to 1000 percent.
"We have seen one depreciation schedule for a 40-year old property where a reasonable market valuation would have been in the range of $3,000 to $5,000 but the depreciating assets were valued at $32,753," the spokesman said.
Under the new measures from July 1, 2017, the government will limit plant and equipment depreciation deductions to outlays actually incurred by investors in residential properties.
They will not be able to depreciate equipment that was already installed when they acquired the property.
Plant and equipment items are usually deemed as mechanical fixtures such as dishwashers, door closers and ceiling fans.
Negative geared landlords have no obligation to work out whether an item had already been written off in whole or part by the previous owner.
It was difficult for the ATO to check up.
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ATO says overclaiming triggered costly depreciation budget changes

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Melbourne agents offered a weekend auction smorgasbord of culinary-connected inner city offerings.
<a href="https://www.realestate.com.au/property-house-vic-carlton+north-125308038" target="_blank">The Carlton North home</a> (above) of late Japanese restaurateur, Kunihiro “Kuni” Ichikawa fetched $2.3 million.
There were eight bidders seeking the 278 sqm two bedroom Reserve Street offering which was built for him in 1967 with Japanese influences.
Alexkarbon selling agent Tony Downward noted Ichikawa introduced sushi to Australia after opening Kuni’s in the CBD in 1977.
He lived there until he died early last year aged 67.
There was a $740,000 sale of an apartment above the Collingwood eatery, The Noble Experiment.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.18.52%20AM.png" alt="">
<a href="https://www.realestate.com.au/sold/property-apartment-vic-collingwood-125311910" target="_blank">The apartment</a>, (above) located in the old Comarty's building located on the corner of Smith and Otter Streets, had traded in 2007 at $497,500.
The pre-auction selling range was $700,000 to $770,000.
At Fitzroy North a three-bedroom apartment atop an Italian restaurant attracted keen interest.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.20.39%20AM.png" alt="">
Nelson Alexander Fitzroy auctioneer Arch Staver said the $975,000 price was $225,000 above reserve when an investor outbid four others to win the keys of <a href="https://www.realestate.com.au/sold/property-house-vic-fitzroy+north-125312074" target="_blank">the Queens Parade offering</a> (above).
The weekend preliminary auction average clearance rate has risen again to 77 percent on the second last Autumn weekend, according to CoreLogic’s latest update.
Auction activity across the combined capital cities increased this week too, up from 2,409 auctions last week, to 2,794 this week, making it the sixth busiest week so far this year.
The clearance rate across the combined capitals was 77.2 percent, increasing from a final clearance rate of 72.8 percent over the previous week.
At the same time last year, both volumes (1,920) and the clearance rate (68.9 percent) were lower.
The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 80.7 percent and Melbourne at 79.2 percent, although Kevin Brogan, the CoreLogic auction analyst said that Sydney, and to a lesser extent Melbourne, tend to revise down over the week when the remaining results are captured.
Over the previous week, Sydney’s preliminary clearance rate of 79.4 percent was revised down to 74.5 percent when finalised.
Across the smaller capital city markets, Brisbane was the only city where preliminary clearance rates fell week-on-week.
Sydney was host to 1,053 auctions this week and a preliminary clearance rate of 80.7 percent was recorded, rising from 74.5 percent last week across 960 auctions.
One year ago, 735 auctions were held across Sydney and 73.2 percent were successful.
It was the strongest result since April 9.
Eight of the 15 sub-regions recorded clearance rates of at least 80 percent with the stand outs being Sydney's Inner West 88.9 percent and Sutherland's 88.6 percent.
A Sydney Harbour waterfront house at Northbridge sold for $9.3 million making it the nation’s most expensive weekend auction sale.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.24.01%20AM.png" alt="">
The <a href="https://www.realestate.com.au/property-house-nsw-northbridge-125329386" target="_blank">67 Coolawin Road</a> home (above) on 1890 sq m was marketed through Shead Property as a "once in a generation opportunity." 
The Middle Harbour home has an extensive garden that leads to a private boat house and pontoon along with wide level garden frontage.
There were 1,323 auctions held in Melbourne this week with a preliminary clearance rate of 79.2 percent. 
This week’s result shows a rise in the clearance rate for the city, after Melbourne’s final clearance rate was recorded at 75 percent last week, the lowest clearance rate for the city so far this year.
Over the same week last year, Melbourne’s clearance rate was 70 percent across 843 auctions.
Melbourne's highest was a four bedroom 1907 Queen Anne Federation house at Camberwell.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.25.26%20AM.png" alt="">
Agents secured $5.02 million for Croydon at <a href="https://www.realestate.com.au/sold/property-house-vic-camberwell-125286186" target="_blank">28 Kintore Street</a>, (above) positioned in the highly-prized Tara Estate close to Junction shopping.
Last sold in 1994 for $650,000, and before that $116,000 in 1979, the century-old charmer set on almost 900q m, was offered through Jellis Craig who had a price guide of $4.5 million to $5 million.
The Herald Sun reported there had been a $5 million reserve for the home that attracted three bidders.
Melbourne had the cheapest sale of the nation when a two bedroom villa at Melton South sold for $251,000.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.28.33%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/property-house-vic-melton+south-125247254" target="_blank">1/18 Toolern Street</a>, the 1980-built villa was marketed as suitable for first home buyers, investors and downsizers.
It last sold at $207,000 in 2012.
There is 90 sqm space with indoor/outdoor zones comprising of central lounge/meal area that opens to an alfresco courtyard.
The property was offered through Raine &amp; Horne agents Kieran Carson and Genna Di Pasquale.
Of the Melbourne sub-regions, seven of the nine regions recorded clearance rates at or above 75 percent, with the highest clearance recorded across the Outer East, with preliminary results showing 87.8 percent of the 98 results were successful.
There were 160 Brisbane homes taken to auction this week, with 93 results reported so far. 
A six bedroom Clayfield house sold for $1.75 million through Ray White agent Damon Warat was Brisbane’s most expensive reported weekend auction sale.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.33.55%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/property-house-qld-clayfield-125260494" target="_blank">122 Alexandria Road</a>, the property has been recently renovated. It last traded in 2010 at $1.3 million.
The preliminary clearance rate for Brisbane at 51.6 percent, was the only capital city down from last week, when it was 59 percent, but similar to one year ago, when 50.9 percent of the 131 properties taken to auction were successful.
In Adelaide, a 70.4 percent preliminary result was recorded this week across 114 auctions.
The 102 Adelaide auctions returned a clearance rate of 63 percent, while at the same time last year, 92 homes were taken to auction, with 68.8 per cent recording a successful result.
<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/2017/05/21/700_esplanade.jpg" alt="">
There was no sale when a stunning six-bedroom Glenelg North Victorian-Italianate style home at <a href="https://www.realestate.com.au/property-house-sa-glenelg+north-125280622" target="_blank">36 North Esplanade</a> (above) attracted three registered bidders, but then no bids.
Adelaide's cheapest sale was a two bedroom Kent Town unit sold for $342,000.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.52.09%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/sold/property-unit-sa-kent+town-125359730" target="_blank">3/2-8 College Road</a>, (above) the property last sold in 2005 at $230,000.
Set 10 minutes from Rundle Street, the property was offered through Harris Real Estate who had offered $320,000 price guidance.
Across Canberra, 85 homes were taken to auction this week.
Preliminary results show a clearance rate of 75.3 percent, up from 74.3 percent the previous week.
A five bedroom elevated Red Hill house sold for $1.541 million making it Canberra's most expensive weekend auction sale.
<img src="https://www.urban.com.au/images/2017/05/21/Screen%20Shot%202017-05-22%20at%208.53.19%20AM.png" alt="">
Located at <a href="https://www.realestate.com.au/sold/property-house-act-red+hill-125308426" target="_blank">26 Fishburn Street</a> (above), the property that overlooks a treetop landscape had last sold at $1.38 million in 2015.
The 1960s home, with 1990s renovation, was marketed with additional potential for redevelopment or renovation through Peter Blackshaw Real Estate agent Andrew Chamberlain.
Perth’s preliminary clearance rate was 50 percent this week, up from 42.1 percent last week.
This week 48 Perth homes were auctioned.
At the same time last year, 42.9 percent of Perth auctions cleared.
 
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Strong May weekend for Sydney, Melbourne auctions

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A two bedroom villa at Melton South sold for $251,000 making it Melbourne’s cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-vic-melton+south-125247254" target="_blank">1/18 Toolern Street</a>, the 1980-built villa was marketed as suitable for first home buyers, investors and downsizers.
It last sold at $207,000 in 2012.
There is 90 sqm space with indoor/outdoor zones comprising of central lounge/meal area that opens to an alfresco courtyard.
The property was offered through Raine &amp; Horne agents Kieran Carson and Genna Di Pasquale.
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Two bedroom Melton South home sold for $251,000

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A two bedroom Kent Town unit has sold for $342,000 making it Adelaide’s most cheapest weekend auction sale.
Located at <a href="https://www.realestate.com.au/sold/property-unit-sa-kent+town-125359730" target="_blank">3/2-8 College Road</a>, the property is a short walk from the city. It last sold in 2005 at $230,000.
Two bedrooms are available with the master bedroom being spacious.
Kitchen features stone benchtops, induction cooktop and breakfast bar.
Set 10 minutes from Rundle Street and metres from public transport, the property was offered through Harris Real Estate agents Tom Hector and Jarred Stamoulis.
They had offered $320,000 price guidance.
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Two bedroom Kent Town unit sold for $342,000

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The weekend preliminary auction average clearance rate has risen to 77 percent on the second last Autumn weekend, according to CoreLogic’s latest report.
Auction activity across the combined capital cities increased this week, up from 2,409 auctions last week, to 2,794 this week, making it the sixth busiest week this year.
This week's weighted average clearance rate across the combined capitals was 77.2 percent, increasing from a final clearance rate of 72.8 percent over the previous week.
At the same time last year, both volumes (1,920) and the clearance rate (68.9 percent) were lower.
<a href="https://www.propertyobserver.com.au/images/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.38.28%20am.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/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.38.28%20am.jpg" alt="">
The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise, with Sydney at 80.7 percent and Melbourne at 79.2 percent, although Kevin Brogan, the CoreLogic auction analyst said that Sydney, and to a lesser extent Melbourne, tend to revise down over the week when the remaining results are captured.
Over the previous week, Sydney’s preliminary clearance rate of 79.4 percent was revised down to 74.5 percent when finalised.
Across the smaller capital city markets, Brisbane was the only city where preliminary clearance rates fell week-on-week so again it will be interesting to see how the clearance rates hold when the final figures are released on Thursday.
<a href="https://www.propertyobserver.com.au/images/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.38.43%20am.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/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.38.43%20am.jpg" alt="">
There were 1,323 auctions held in Melbourne this week with a preliminary clearance rate of 79.2 percent.
This week’s result shows a rise in the clearance rate for the city, after Melbourne’s final clearance rate was recorded at 75 percent last week, the lowest clearance rate for the city so far this year.
Over the same week last year, Melbourne’s clearance rate was 70 percent across 843 auctions.
<a href="https://www.propertyobserver.com.au/images/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.38.59%20am.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/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.38.59%20am.jpg" alt="">
Of the Melbourne sub-regions, 7 of the 9 regions recorded clearance rates at or above 75 percent, with the highest clearance recorded across the Outer East, with preliminary results showing 87.8 percent of the 98 results were successful, followed by the North East where 81.7 percent of auctions cleared.
Sydney was host to 1,053 auctions this week and a preliminary clearance rate of 80.7 per cent was recorded, rising from 74.5 percent last week across 960 auctions.
One year ago, 735 auctions were held across Sydney and 73.2 per ent were successful.
<a href="https://www.propertyobserver.com.au/images/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.39.09%20am.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/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.39.09%20am.jpg" alt="">
Looking at the sub-regions of Sydney, 8 of the 15 sub-regions recorded clearance rates of at least 80 percent with the stand outs being the Inner West (88.9 percent), Sutherland (88.6 percent), North Sydney and Hornsby (88.6 percent) and Eastern Suburbs (88 percent) regions.
There were 160 Brisbane homes taken to auction this week, with 93 results reported so far.
The preliminary clearance rate for the city is 51.6 percent, down from 59 percent last week and similar to one year ago, when 50.9 percent of the 131 properties taken to auction were successful.
<a href="https://www.propertyobserver.com.au/images/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.39.21%20am.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/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.39.21%20am.jpg" alt="">
Across the Gold Coast 20 results have been reported so far, with a success rate of 45 percent (9 sales).
In Adelaide, a 70.4 percent preliminary result was recorded this week across 114 auctions.
Last week, 102 Adelaide auctions returned a clearance rate of 63.0 percent for the city, while at the same time last year, 92 homes were taken to auction, with 68.8 percent recording a successful result.
<a href="https://www.propertyobserver.com.au/images/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.39.31%20am.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/2017/05/21/Screen%20Shot%202017-05-21%20at%2011.39.31%20am.jpg" alt="">
Perth’s preliminary clearance rate was 50 percent this week, up from 42.1 percent last week.
This week 48 Perth homes were auctioned, while 18 results have been reported so far.
At the same time last year, 42.9 percent of Perth auctions cleared.
Across Canberra, 85 homes were taken to auction this week.
Preliminary results show a clearance rate of 75.3 percent, up from 74.3 percent the previous week.
Tasmania was host to 11 auctions this week and so far 5 have been reported with 4 sales.
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Sydney's weekend auction market returns to another 80 percent success rate: CoreLogic

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The Housing Finance statistics, released by the Australian Bureau of Statistics last week, continue to show volatility, but with a positive result for total dwelling finance for the month of March, up by 0.9 percent.
“Performance across the States was mixed, with the number of commitments increasing in NSW, Tasmania, the Northern Territory and the ACT, slightly edging out a fall in the number of dwelling commitments in Victoria, Queensland, Western Australia and South Australia,” Matthew Pollock, Master Builders, National Manager Housing said.
“The number of first home buyer loans jumped by 20 percent in March, recording an extra 1,350 loans on top of the February statistics.
But the share of first home buyer loans is still very low, at 13.6 percent of total loan commitments in March, compared to a decade average of around 18 percent,” Matthew Pollock said.
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Finance for first-home buyers lifts but remains low

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A waterfront house at Northrbidge has been sold for $9.3 million making it Sydney’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-nsw-northbridge-125329386" target="_blank">67 Coolawin Road</a>, the once in a generation opportunity sits on a 1890 sqm block of land.
Featuring panoramic 180 degree vistas overlooking  the picture-perfect Middle Harbour waters.
It has an extensive garden that leads to a private boat house and pontoon along with wide level garden frontage.
A lounge and glass-enclosed sunroom is available with the sunroom having views.
Separate rumpus, original open plan kitchen and dining areas are also featured.
Upstairs are three bedrooms that captures the harbour while the master bedroom has its own ensuite and access to a wraparound terrace.
<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/2017/05/21/67%20Coolawin%20Road-2.jpg" alt="">
A swimming pool is a possibility pending a renovation along with a double garage.
Less than 150 metres walk to buses that goes to the CBD while golf clubs, shops and cafes are just a short stroll away as is the Northbridge Sailing Club.
The property was offered through Shead Property agents Isabella Yan and Dick Crampton.
The home at 67 Coolawin Road Northbridge attracted 12 registered bidders.
The home has been owned by Dr Frederick Stephens - now 102-years-old - for 51 years. 
Dr Stephens was a pioneer of medical research, dedicating much of his time to developing a machine that monitored blood flow whilst a patient was under a general anesthetic. 
His machine took home the ABC's Inventor of the Year award in 1979.
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Once in a generation waterfront Northbridge offering fetches $9.3 million

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An expansive country estate in Jamberoo, New South Wales has been listed for sale with a price guide of $2.78 million.
The seven bedroom residence known as Christmas River at <a href="https://www.eldersrealestate.com.au/residential/buy/property-house-nsw-jamberoo-682799" target="_blank">317 Jerrara Road</a> features a warm and inviting farmhouse design.
<img src="https://www.urban.com.au/images/2017/05/19/rsz_jerrara.png" alt="">
Jamberoo is a small, historic village located 90 minutes to Sydney and 5 minutes to Kiama's beaches.
The area has a median house price of $872,500, according CoreLogic.
A four bedroom home at <a href="https://www.realestate.com.au/sold/property-house-nsw-jamberoo-124718026" target="_blank">91 Riversdale Road</a> sold recently for $1.3 million.
The two-storey Christmas River home offers four bathrooms, an office or guest bedroom, chef’s kitchen with butlers pantry, central dining room, theatre room, winter room, multiple fireplaces and lush rural views from every room.
<img src="https://www.urban.com.au/images/2017/05/19/rsz_1jerrara1.png" alt="">
Set on 4000 sqm, the property comes with landscaped gardens, pool, ivy covered equipment cottage, rivers edge gazebo, tree house, orchard with free range chicken garden and coop, pizza oven, BBQ area and an alfresco dining verandah.
Elders Real Estate Jamberoo agent Vivienne Marris has the listing.
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Country estate Christmas River listed in Jamberoo 

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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