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Online property agency iBuyNew has appointed Alex Caraco as chief executive officer.
He was a former CEO with Coldwell Banker Australia. iBuyNew founder Mark Mendel, previously CEO, has become head of strategy.
Alex Caraco said we are working hard to expand iBuyNew’s presence with plans to install sales teams in all mainland state capitals as well as on the Gold Coast.
“This month we have boosted our Brisbane, Sydney and Melbourne sales teams as we seek to expand our sales volumes,” he said.
“Mark has worked tremendously hard to get iBuyNew to where it is today and it is fantastic that he will be continuing the journey as head of strategy.
"iBuynew would be working closely going forward with some of the nation’s leading development companies.
“We will hit the ground running with our sales and marketing initiatives to assist developers of apartments, townhouses and house and land packages.
“iBuyNew has nearly 5000 properties for sale throughout Australia and is actively seeking new quality projects to add to our vast selection.”
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j.ballantyne1990-6AQqhLzZaK

iBuyNew doubles sales team as Alex Caraco takes CEO reins

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Properties in Brisbane takes a significant time to sell, according to CoreLogic’s latest report.
The property data firm says that a house in Brisbane can take up to 56 days to sell while a unit can sit on the market for 84 days.
<a href="https://www.propertyobserver.com.au/images/2017/03/27/Screen%20Shot%202017-03-27%20at%202.16.44%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/2017/03/27/Screen%20Shot%202017-03-27%20at%202.16.44%20pm.jpg" alt="">
This is compared to Sydney where the average period for both a unit and house is 26 days.
However Darwin takes the most amount of time with most units and houses taking up to 3 months or more to sell.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-lota-124814498" target="_blank">116 Alastair Street</a>, Lota (above) was recently sold for $657,500.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-murarrie-124852470" target="_blank">35 Garrett Street</a>, Murraie (below) was recently sold for $646,000.
<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/2017/03/29/35%20Garrett%20Street.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-wavell+heights-125102570" target="_blank">231 Edinburgh Castle Road</a>, Wavell Heights (below) has been listed for over $599,000.
<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/2017/03/29/231%20Edinburgh%20Castle%20Road.jpg" alt="">
Similarly a six bedroom house at <a href="https://www.realestate.com.au/property-house-qld-deception+bay-121919662" target="_blank">6 Nalbo Court</a>, Deception Bay (below) has been listed for $650,000.
<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/2017/03/29/6%20Nalbo%20Court.jpg" alt="">
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Brisbane houses selling much quicker than apartments: CoreLogic

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Average sales turnover has declined slightly over the 12 months to December 2016, according to JLL’s latest retail report.
This annual report highlights the retail market industry and the views of retail centres managers view points on how the retail industry is doing.
Turnover in sub-regional centres declined by 0.3% although specialty turnover improved marginally by 0.4%.
The continued poor performance of discount department stores (Kmart being the exception) has impacted sub-regional centre sales.
This is reflected in recent results for the first half of the 2016-17 financial year compared with the corresponding period the previous year:
<ul>
<li>Big W comparable store sales declined by 6.3%;</li>
<li>Target comparable store sales declined by 18.2%;</li>
<li>Kmart comparable store sales increased by 5.7%;</li>
<li>Coles food &amp; liquor comparable sales increased by 1.3%;</li>
<li>Woolworths comparable store sales increased by 1.9%.</li>
</ul>
Vacancy rates in sub-regional centres were also higher in 2016 than in 2015 despite improvement in the second half.
This may have had a slight negative impact on performance during 2016.
Annual neighbourhood centre sales declined by 1.3%.
While competition between supermarkets has been particularly strong and was often noted as a concern by Centre Managers, some centres have seen a range of non-retail services such as medical centres, financial services and travel agencies that do not report sales replace retail stores.
This change in tenancy mix may have impacted overall turnover but may have been a positive for the centre in terms of providing the services customers want at their local centre.
<a href="https://www.propertyobserver.com.au/images/2017/03/28/Screen%20Shot%202017-03-28%20at%2010.48.02%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/2017/03/28/Screen%20Shot%202017-03-28%20at%2010.48.02%20am.jpg" alt="">
Retail trade across Australia grew by a modest 3.5% in 2016.
When new centre openings, expansions of existing centres and the continued expansion of global retailers such as Costco, ALDI and fast fashion labels is taken into account, competition for the retail dollar is very strong.
The key area of weakness has been department stores, which managed growth of just 0.6% in 2016.
Discounting amongst supermarkets has kept growth in the supermarket sector to a low 2.6% in 2016, despite relatively strong growth in new supermarkets as the major players fight for market share.
The level of new supply across the neighbourhood, sub-regional and regional centre markets of Australia’s major capital cities was relatively high in 2016 at 347,000sqm.
Even more supply is in the short-term pipeline, with completions expected to peak in 2017 at 416,000sqm.
This will serve to heighten competition in the retail sector.
<a href="https://www.propertyobserver.com.au/images/2017/03/28/Figure%202.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/2017/03/28/Figure%202.jpg" alt="">
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Average retail sales turnover declines slightly over past year: JLL

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Tradies are in short supply in NSW’s regional area and lack of competition could see their profits in these areas soaring, according to data from a jobs website.
The ServiceSeeking.com.au data highlights the most profitable areas for tradies operating in New South Wales.
The website aims to connect tradies with jobs in their local areas.
The data found that builders in Dubbo and Orana have 69% less competition versus the national average.
Carpenters in the Blue Mountains and Hunter Valley regions are also severely undersupplied.
Newcastle is running dry of painter with 50% less competition than the national average, while plasterers and tilers should look towards the South Coast.
 “If you’re a builder in the South Coast or regional NSW, the undersupply in Dubbo or Shoalhaven is a huge opportunity,” says ServiceSeeking.com.au CEO Jeremy Levitt.
“It’s a great chance for builders to increase their prices and capitalise on the lack of supply.
“Targeting areas where there’s less competition is a great way for tradies to jump in and make serious money.”
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Tradies in short supply in regional NSW

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A new two-level David Jones store is one of the headline attractions of the recently opened Macarthur Square shopping complex redevelopment.
Commenced in 2015, the $240 million project in south-west Sydney’s Campbelltown also includes international retailer H&amp;M, a new look Coles, fresh food market hall, more than 40 new specialty stores, an alfresco and casual dining precinct, along with 500 additional car spaces.
The Lendlease-managed centre is jointly owned by Australian Prime Property Fund Retail (APPF Retail) and the GPT Wholesale Shopping Centre Fund.
The redevelopment increases the centre’s  gross lettable area (GLA) from 94,300 square metres to approximately 107,000 square metres.
Gary Horwitz, head of retail at Lendlease, said the redevelopment is a response to the changing nature of shopping centres.
“Our customers have told us they want to visit a world class shopping centre without having to travel to the city,” he said.
“The redevelopment of Macarthur Square has allowed us to grow with the region and adapt to the changing demographics and needs of our local customers, ultimately delivering an outstanding, all-encompassing, and sustainable retail experience.
“The centre’s design and retail mix reflects the natural environment and tastes of the region, while customer aspirations are brought to life with an exciting range of popular fashion brands anchored by David Jones and H&amp;M.”
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Macarthur Square shopping centre unveils $240 million redevelopment

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An historic 1857 Wistow, South Australia house has been listed with price guidance between $649,000 to $699,000.
Located at <a href="https://www.realestate.com.au/property-house-sa-wistow-124677354" target="_blank">12 Burwood Road</a>, the home sits on 25 acres of farmlands and bushland.
The house has three bedrooms, and features polished floors and fireplaces.
There are three main paddocks that can be used for cropping, running livestock and outdoor sports as well as being self-sufficient due to the 100,000 litres of accessible rainwater.
The CBD is 45 minutes away, while Mount Barker is 10 minutes.
The property is offered through Harcourts Adelaide Hills agents Sam Oborn and David Hankin.
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1857 Wistow, SA house listed for $649,000 plus

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A Tinderbox house overlooking the Derwent River in Tasmania is listed with $695,000 plus hopes.
Located at <a href="https://www.realestate.com.au/property-house-tas-tinderbox-124701362" target="_blank">321 Tinderbox Road</a>, the property is only 30 minutes from Hobart CBD and blends with its natural surrounding of seven acres of bushland.
Other views that can be seen from the house includes the Iron Pot, North Bruny Island and Stormy Bay.
There are four bedrooms, a retreat as well as a study nook.
<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/2017/03/23/321%20Tinderbox%20Road-2.jpg" alt="">
The property is offered through Harcourts Signature agent Neville Howlett.
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Tinderbox, Tasmania river-view house listed at $695,000 plus

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Brisbane property sale numbers have increased slightly in the past three months and sales figures have significantly increased, according to research from CoreLogic’s Brisbane Fringe Cityscope.
The property data firm says that the last three months to the beginning of February 2017 recorded 37 sales for a total of $313.1 million.
This consists of $262.6 million for commercial, $3 million for commercial strata, $3.5 million for retail, $7.4 million for retail strata and $36.7 million for other.
In comparison, the last three months to the beginning of November 2016 recorded 31 sales for a total of $88.8 million.
This consists of $4.6 million for commercial, $9.9 million for commercial strata, $1.6 million for retail, $66.9 million for retail strata and $5.8 million for other.
The 12 months leading up to early February 2017 recorded 128 sales for a total of more than $728.2 million, over $80 million more than the same time last year.
The table below shows sales recorded for the past eight updates of Brisbane Fringe Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/02/15/Corelogic-5.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/15/Corelogic-5.jpeg" alt="">
Together the top sales recorded this quarter total over $181 million, these sales include:
<ul>
<li>Kings Row Office Park, 40-52 McDougall Street, Milton, comprising multiple office buildings between two and six storeys and over 400 car parks, was bought for $94.9 million by Shayher Alliance Pty Limited. The buildings were constructed between 1989 and 1996. Anthony Ott and Peter Chapple of Savills Brisbane negotiated the sale.</li>
<li>33 Park Road, Milton, a four-storey office building, was sold with a residential building at 14 Gordon Street (not covered by Cityscope) for $48.2 million to Wholesale Australian Property Fund. The sale represented an initial yield of 7.37% on passing income of over $3.55 million. Peter Court and Mike Walsh from JLL Brisbane sold the property in conjunction with Seb Turnbull and Luke Billiau of CBRE Brisbane.</li>
<li>200 Creek Street, formerly known as Medtronic House, a 10-storey office building with basement car parking, sold in January 2017 for $38.7 million to Sentinel Regional Office Trust. The sale represented an initial yield of 9.58% on passing income of over $3.7 million. Luke Billiau and Seb Turnbull of JLL Brisbane sold the property in conjunction with Peter Court and Mike Walsh from JLL Brisbane.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/02/15/Corelogic-6.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/02/15/Corelogic-6.jpeg" alt="">
Properties for sale include:
<ul>
<li>337 Water Street, Fortitude Valley – a two-storey, 320 square metre office building with six car parks. For sale with an asking price of $1.65 million; agent, Cushman &amp; Wakefield Brisbane (Sam Callanan and Michael Gard).</li>
<li>12 Cribb Street, Milton – a five-storey office building with basement car parking. For sale by expressions of interest; agents, Savills Brisbane (Peter Chapple and Nick Russell) and JLL Brisbane (Christian Sandstrom and Sam Bryne). The property was initially advertised with an approximate fully leased income of over $1.55 million net (as at December 1, 2016)</li>
<li>John Oxley Centre, 337A Coronation Drive, Milton – a U-shaped building with five storeys of offices and two levels of basement car parking for 319 vehicles. For sale by expressions of interest; agents, JLL Brisbane (Seb Turnbull and Geoff McIntyre) and CBRE Brisbane (Bruce Baker and Flint Davidson).</li>
</ul>
Properties under contract (conditional or unconditional) include:
<ul>
<li>Green Square South Tower, 505 St Pauls Terrace, Fortitude Valley – a four-storey building with ground floor retail space and upper level office space. Due diligence is being conducted by AXA Investments Managers; agents, Colliers International Brisbane (Tom Barr and Don MacKenzie) and Colliers International Melbourne (John Marasco).</li>
<li>164 Wharf Street, Spring Hill – a three-level office building comprising two levels of offices above ground floor car parking. Under conditional contract; agent, Savills Brisbane (Jack Morrison and Nick Russell).</li>
<li>100 McLachlan Street, Fortitude Valley – a four-storey commercial building completed in late 2013 as stage 3 of the M&amp;A development. Under contract for $30 million to an offshore purchaser; agent, Cushman &amp; Wakefield (Nick Spiro). The sale represented a yield of 6%.</li>
</ul>
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Brisbane commercial property sales on the rise in 2017: Cityscope

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Tranmere housing stock has decreased the most in Tasmania, according to Investar’s latest report.
The property firm says that Tranmere’s housing stock has decreased by 61% over the past year, from 49 to 19.
<table style="width: 461px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="96">
Suburb
</td>
<td valign="top" width="64">
Postcode
</td>
<td valign="top" width="84">
Current median price
</td>
<td valign="top" width="73">
Current sales stock
</td>
<td valign="top" width="73">
1 year ago sales stock
</td>
<td valign="top" width="73">
Growth decline
</td>
</tr>
<tr>
<td valign="top" width="96">
Tranmere
</td>
<td valign="top" width="64">
7018
</td>
<td valign="top" width="84">
$640,000
</td>
<td valign="top" width="73">
19
</td>
<td valign="top" width="73">
49
</td>
<td valign="top" width="73">
61%
</td>
</tr>
<tr>
<td valign="top" width="96">
Howrah
</td>
<td valign="top" width="64">
7018
</td>
<td valign="top" width="84">
$395,000
</td>
<td valign="top" width="73">
31
</td>
<td valign="top" width="73">
67
</td>
<td valign="top" width="73">
53%
</td>
</tr>
<tr>
<td valign="top" width="96">
Lindisfarne
</td>
<td valign="top" width="64">
7015
</td>
<td valign="top" width="84">
$425,000
</td>
<td valign="top" width="73">
19
</td>
<td valign="top" width="73">
41
</td>
<td valign="top" width="73">
53%
</td>
</tr>
<tr>
<td valign="top" width="96">
Blackmans Bay
</td>
<td valign="top" width="64">
7025
</td>
<td valign="top" width="84">
$450,000
</td>
<td valign="top" width="73">
31
</td>
<td valign="top" width="73">
56
</td>
<td valign="top" width="73">
44%
</td>
</tr>
<tr>
<td valign="top" width="96">
Austins Ferry
</td>
<td valign="top" width="64">
7011
</td>
<td valign="top" width="84">
$329,000
</td>
<td valign="top" width="73">
18
</td>
<td valign="top" width="73">
31
</td>
<td valign="top" width="73">
41%
</td>
</tr>
<tr>
<td valign="top" width="96">
Berreidale
</td>
<td valign="top" width="64">
7011
</td>
<td valign="top" width="84">
$290,000
</td>
<td valign="top" width="73">
20
</td>
<td valign="top" width="73">
31
</td>
<td valign="top" width="73">
35%
</td>
</tr>
<tr>
<td valign="top" width="96">
Claremont
</td>
<td valign="top" width="64">
7011
</td>
<td valign="top" width="84">
$255,000
</td>
<td valign="top" width="73">
48
</td>
<td valign="top" width="73">
74
</td>
<td valign="top" width="73">
35%
</td>
</tr>
<tr>
<td valign="top" width="96">
Glenorchy
</td>
<td valign="top" width="64">
7010
</td>
<td valign="top" width="84">
$270,000
</td>
<td valign="top" width="73">
57
</td>
<td valign="top" width="73">
85
</td>
<td valign="top" width="73">
32%
</td>
</tr>
<tr>
<td valign="top" width="96">
Lenah Valley
</td>
<td valign="top" width="64">
7008
</td>
<td valign="top" width="84">
$400,000
</td>
<td valign="top" width="73">
23
</td>
<td valign="top" width="73">
30
</td>
<td valign="top" width="73">
23%
</td>
</tr>
<tr>
<td valign="top" width="96">
Brighton
</td>
<td valign="top" width="64">
7030
</td>
<td valign="top" width="84">
$290,000
</td>
<td valign="top" width="73">
41
</td>
<td valign="top" width="73">
52
</td>
<td valign="top" width="73">
21%
</td>
</tr>
</tbody></table>
For the median price of $640,000 investors can purchase a four bedroom house such as the one at <a href="https://www.realestate.com.au/property-house-tas-tranmere-124776230" target="_blank">723a Oceana Drive</a>, Tranmere (above) for around $650,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-tas-tranmere-124904946" target="_blank">710 Oceana Drive</a>, Tranmere (below) is listed for $649,000.
<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/2017/03/15/710%20Oceana%20Drive.jpg" alt="">
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-tranmere-124841506" target="_blank">8 Trikala Court</a>, Tranmere (below) was recently sold for $640,000.
<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/2017/03/15/8%20Trikala%20Court.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-tas-tranmere-124481130" target="_blank">46 Arlunya Street</a>, Tranmere (below) was recently sold for $625,000.
<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/2017/03/15/46%20Arlunya%20Street.jpg" alt="">
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Tranmere housing stock decline the highest in Tasmania: Investar

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An historic 1850s stone homestead at Dural has been listed for $1.89 million.
Located at <a href="https://www.realestate.com.au/property-house-nsw-dural-124676054" target="_blank">548 Old Northern Road</a>, the property is enveloped by a garden.
It features timber verandas on three sides as well as a large open plan lounge/dining room and modern kitchen.
It also has Jarrah timber flooring in the central library and cedar joinery for the windows.
<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/2017/03/12/548%20Old%20Northern%20Road-2.jpg" alt="">
There are three bedrooms, two bathrooms and ensuite to the main bedroom.
Other features includes two automatic gas fires, three skylights, ‘Sparrow Pecked’ sandstone outer walls, double carport and five off street car parking spaces to the rear.
The property is offered through LJ Hooker agent Neil Keene.
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Historic 1850s Dural stone homestead listed for $1.89 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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