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Macquarie Park property sales for the three months to February 2017 have increased substantially from the preceding quarter, according to research from CoreLogic’s Cityscope.
Sales recorded in the quarter ending February 2017 totalled $704.7 million, an increase from the $135.5 million recorded in the three months to November 2016, but a decrease from the $769.9 million recorded to August 2016.
For the year ending February 2017, there were 74 sales at a total value of $1.64 billion, compared to 121 sales at a total value of $1.203 billion for the previous year.
The table below shows sales recorded for the past eight updates of Macquarie Park Cityscope.
<a href="https://www.propertyobserver.com.au/images/2017/03/3/Corelogic-1.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/3/Corelogic-1.jpeg" alt="">
According to the report, notable sales in the February 2017 update of Macquarie Park Cityscope include:
<ul>
<li>Everglade Campus, 82 Waterloo Road, Macquarie Park, a four-storey building with parking for 220 cars over two basement levels on a site area of 10,590 square metres, which was bought for $120 million;</li>
<li>Avaya House, 123 Epping Road, Macquarie Park, an A-grade, 10-storey commercial and industrial building with three levels of basement parking for 534 cars and a net lettable area of 16,161 square metres, which was bought for $118 million through CI Australia North Sydney and Savills and</li>
<li>Valad Corporate Place, 2 Richardson Place, North Ryde, an A-grade, four-storey office building with two additional levels of basement parking for 454 cars and outdoor parking for 63 cars on a site area of 14,325 square metres, which was bought for $85 million through CBRE Sydney and JLL Sydney.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/03/3/Corelogic-2.jpeg" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/03/3/Corelogic-2.jpeg" alt="">
Properties for sale in Macquarie Park Cityscope in February 2017 include:
<ul>
<li>43 – 61 Waterloo Road, Macquarie Park, a large development site of 39,824 square metres with several older single storey buildings and a paved car park, available through Colliers International;</li>
<li>27 Sirius Road, Lane Cove West, a three-storey office building featuring a paved forecourt and high-clearance warehouse and a net lettable area of 8,100 square metres, available through CBRE North Sydney and</li>
<li>8 Australia Avenue, Sydney Olympic Park, a five-storey commercial building of 6,610 square metres with retail spaces on the ground floor and two levels of basement car parking providing 119 spaces available through JLL Sydney.</li>
</ul>
Leasing opportunities in the February 2017 of Macquarie Park Cityscope include:
<ul>
<li>18 – 20 Orion Road, Lane Cove West, a nine-storey building comprising ground floor foyer and eight floors of office space and parking for 378 cars, which has office space of 120 to 1,000 square metres for lease through Glass Property Consultants;</li>
<li>Riverview Park Estate at 166 Epping Road, Lane Cove West, comprising two 3-storey office buildings joined by a central 2-storey atrium plus two levels of basement parking for 236 cars, which has office space of 700 to 4,300 square metres for lease through Savills Parramatta and Knight Frank North Sydney;</li>
<li>
<a href="https://www.realcommercial.com.au/property-offices-nsw-macquarie+park-501704185" target="_blank">3 Thomas Holt Drive, Macquarie Park</a> (pictured above), a nine-storey office building with high-clearance warehouses and parking, which has office space up to 4,200 square metres on the top floors for lease through JLL North Sydney and GJS Property.</li>
</ul>
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j.ballantyne1990-6AQqhLzZaK

Spike in Macquarie Park commercial property sales: Cityscope

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Launceston has an oversupply of industrial properties relative to demand, according to a recent Herron Todd White (HTW) report.
The property valuation firm says that Launceston has a steady rental vacancy trend along with a stable rental rate trend.
<a href="https://www.propertyobserver.com.au/images/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.44.01%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/2017/02/13/Screen%20Shot%202017-02-13%20at%2010.44.01%20am.jpg" alt="">
However Launceston’s industrial sales is declining despite the market rising, the firm says.
Launceston’s economic situation is flat with significant value difference between quality properties with national tenants and comparable properties with local tenants.
A 855 square metre industrial warehouse at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-tas-launceston-502323710" target="_blank">6/16 - 18 Goodman Court</a>, Launceston (above) has been listed for sale.
Similarly a 1733 square metre industrial warehouse at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-tas-launceston-502301290" target="_blank">2/7 - 9 Wilmot Street</a>, Launceston (below) has been listed for $850,000.
<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/2017/03/21/27-9%20Wilmot%20Street.jpg" alt="">
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Oversupply of industrial properties in Launceston: HTW

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The NSW mid north coast has a balanced industrial market, according to a recent Herron Todd White (HTW) report.
The property valuation firm says that there is a steady rental vacancy trend along with a stable rental rate trend.
<a href="https://www.propertyobserver.com.au/images/2017/02/10/Screen%20Shot%202017-02-10%20at%202.43.42%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/2017/02/10/Screen%20Shot%202017-02-10%20at%202.43.42%20pm.jpg" alt="">
There is a steady volume of property sales with the region's market starting to recover.
The local economic situation is currently flat with a small value difference between quality properties with national tenants and comparable properties with local tenants, HTW says.
A 54 hectare industrial warehouse, the Lansdowne Estate, at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-nsw-kundle+kundle-502326190" target="_blank">21/586 Lansdowne Road</a>, Kundle Kundle, (above) has been listed for sale.
Similarly a 3895 square metre industrial complex at <a href="https://www.realcommercial.com.au/property-industrial+warehouse-nsw-coffs+harbour-502294878" target="_blank">22-24 Marcia Street and 15 June Street</a>, Coffs Harbour (below) has been listed for sale.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/21/22-24%20Marcia%20St%20%2015%20June%20St.jpg" alt="">
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Balanced industrial market in NSW's mid north coast: HTW

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The cash rate may have been held for seven consecutive months, but this hasn’t prevented lenders from lifting mortgage rates independently of the Reserve Bank.
There have been 11 lenders including two of the big four banks announcing rate hikes this month, according to finder.com.au, Australia’s most visited comparison website.
A new analysis by finder.com.au reveals 11 lenders have declared rate rises for both variable and fixed home loans in March 2017.
Of the big four banks, ANZ, NAB and Westpac have announced rate changes this year.
While ANZ and NAB announced changes earlier this year, Westpac soon followed suit announcing rate changes just this month.
In March alone, NAB announced further changes with increases to its interest rates from 0.07 percent - 0.25 percent for variable rate home loans, while Westpac also raised its variable rates from 0.03 percent - 0.28 percent.
Despite increasing its variable rate, NAB implemented a new incentive for first home buyers by introducing its lowest home loan fixed rate of 2 years at 3.69 percent per annum.
Westpac is also providing a grace period until the 17th June by waiving the switching fee for interest-only home loans changing to principal and interest repayments. 
The average rate rise for owner-occupier loans in March 2017 across the big four that have adjusted rates (including NAB and Westpac) is 0.05 percent.
Taking this into account, a borrower with an average home loan of $357,200 with an average variable rate of 4.75 percent would need to pay an extra $11 per month if rates rose to 4.80 percent.
This amounts to $3,881 over 30 years.
Graham Cooke, Insights Manager at finder.com.au, says whether it’s to increase flexibility or boost profit margins, banks are under fire to manage stakeholder expectations while also dealing with the risk of an overheated property market.
For investor loans, more stringent regulations imposed by the Australian Prudential Regulation Authority (APRA) to curb investor lending may be prompting banks to up interest rates.
"Given recent rate increases, both owner occupiers and investors need to prepare for higher loan costs.
"It’s sensible to factor in 2-3 percent on top of your current mortgage repayments so you can cope with unexpected rate rises,” he says.
Variable home loan rate changes for March 2017
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="67">
Lender
</td>
<td valign="top" width="81">
Change
</td>
<td valign="top" width="166">
Loans affected
 
</td>
<td valign="top" width="78">
Date effective
</td>
</tr>
<tr>
<td width="56">
NAB
</td>
<td width="70">
Up 0.07% - 0.25%
</td>
<td width="156">
Variable Rate Home Loans (owner occupier + investor)
</td>
<td width="68">
24 Mar
</td>
</tr>
<tr>
<td width="56">
Westpac
</td>
<td width="70">
Up 0.03% - 0.28%
</td>
<td width="156">
Variable Rate Home Loans (owner occupier + investor and principal &amp; interest + interest only)
</td>
<td width="68">
24 Mar
</td>
</tr>
<tr>
<td width="56">
Bankwest
</td>
<td width="70">
Up 0.15%
</td>
<td width="156">
Complete Home Loan Package - Variable (investor), Premium Select Home Loan - Variable (investor) Equaliser Home Loan - Variable (investor)
</td>
<td width="68">
15 Mar
</td>
</tr>
<tr>
<td width="56">
Beyond Bank
</td>
<td width="70">
Up 0.10%
</td>
<td width="156">
Low Rate Special Home Loan - Variable (owner occupier)
</td>
<td width="68">
7 Mar
</td>
</tr>
<tr>
<td width="56">
Heritage Bank
</td>
<td width="70">
Up 0.10% - 0.11%
</td>
<td width="156">
Advantage Package Home Loan - Variable (owner occupier)
</td>
<td width="68">
14 Mar
</td>
</tr>
<tr>
<td width="56">
Illawarra Credit Union
</td>
<td width="70">
Up 0.05% - 0.15%
</td>
<td width="156">
Variable Lite &amp; Variable Home Loans (owner occupier)
</td>
<td width="68">
1 Mar
</td>
</tr>
<tr>
<td width="56">
IMB
</td>
<td width="70">
Up 0.05%
</td>
<td width="156">
Accelerator Home Loan - Variable (owner occupier)
</td>
<td width="68">
13 Mar
</td>
</tr>
<tr>
<td width="56">
Macquarie Bank
</td>
<td width="70">
Up to 0.05%
</td>
<td width="156">
Basic Home Loan - Variable LVR &lt;=80%, LVR &lt;=90% (owner occupier + investor), Offset Package Home Loan - Variable LVR &lt;=80%, LVR &lt;=90% (owner occupier + investor)
</td>
<td width="68">
6 Mar
</td>
</tr>
<tr>
<td width="56">
Macquarie Bank
</td>
<td width="70">
Down 0.05 - 0.10%
</td>
<td width="156">
Basic Home Loan - Variable LVR &lt;=90% (owner occupier), Offset Package Home Loan - Variable LVR &lt;=90% (owner occupier)
</td>
<td width="68">
6 Mar
</td>
</tr>
<tr>
<td width="56">
MOVE
</td>
<td width="70">
Up 0.30%
</td>
<td width="156">
Wealth Builder - Variable (investor), Flexi Home Credit - Variable
</td>
<td width="68">
1 Mar
</td>
</tr>
<tr>
<td width="56">
People's Choice Credit Union
</td>
<td width="70">
Up 0.19%
</td>
<td width="156">
Basic Home Loan - Variable (owner occupier)
</td>
<td width="68">
15 Mar
</td>
</tr>
<tr>
<td width="56">
Western City
</td>
<td width="70">
Up 0.05% - 0.15%
</td>
<td width="156">
Variable Lite &amp; Variable Home Loans (owner occupier)
</td>
<td width="68">
1 Mar
</td>
</tr>
</tbody></table>
 
Fixed home loan rate changes for March 2017
<table style="width: 392px; height: 476px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="67">
Lender
</td>
<td valign="top" width="81">
Change
</td>
<td valign="top" width="166">
Loans affected
 
</td>
<td valign="top" width="79">
Date effective
</td>
</tr>
<tr>
<td width="56">
Bankwest
</td>
<td width="70">
Up 0.15%
</td>
<td width="156">
Complete Home Loan Package - 2, 3, 4, 5 Years Fixed (investor), Fixed Rate Home Loan - 2, 3, 4, 5 Years Fixed (investor)
</td>
<td width="68">
15 Mar
</td>
</tr>
<tr>
<td width="56">
Beyond Bank
</td>
<td width="70">
Up 0.05% - 0.10%
</td>
<td width="156">
Fixed Rate Home Loan - 1, 2, 3, 4, 5 Years Fixed (owner occupier), Total Home Loan Package - 1, 2, 3, 4, 5 Years Fixed (owner occupier)
</td>
<td width="68">
7 Mar
</td>
</tr>
<tr>
<td width="56">
Heritage Bank
</td>
<td width="70">
Up 0.10%
</td>
<td width="156">
Fixed Rate Home Loan - 1,2,3 (owner occupier + investor), Advantage Package Fixed Rate Home Loan - 1,2,3 (owner occupier + investor)
</td>
<td width="68">
9 Mar
</td>
</tr>
<tr>
<td width="56">
IMB
</td>
<td width="70">
Up 0.10%
</td>
<td width="156">
Platinum Package - 2 &amp; 3 Years Fixed rate (owner occupier + investor), Fixed Rate Home Loan - 2 &amp; 3 Years Fixed Rate (owner occupier + investor)
</td>
<td width="68">
6 Mar
</td>
</tr>
<tr>
<td width="56">
MOVE
</td>
<td width="70">
Down 0.06%
</td>
<td width="156">
Lockit Home Loan - 1 Year Fixed rate
</td>
<td width="68">
1 Mar
</td>
</tr>
<tr>
<td width="56">
People's Choice Credit Union
</td>
<td width="70">
Up 0.05%
</td>
<td width="156">
Home Loan Package - 3 Years Fixed (owner occupier)
</td>
<td width="68">
15 Mar
</td>
</tr>
</tbody></table>
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Out-of-cycle rate hikes shake up the Australian home loan market

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A proposed development in the Sydney suburb of Burwood to join two adjoining blocks and create around 1,000 new apartments has ben given an endorsement from state planning authorities.
Holdmark Property Group's planning proposal to develop four residential towers, ranging from 20 to 42 levels and an A-grade commercial office building on Wynne Avenue, fronting Railway Parade in Burwood has received a Gateway Determination by the Department of Planning and Environment.
Gavin Carrier, head of development for Holdmark Property Group, said the approvals were a terrific outcome for the growth and advancement of Burwood.
“Our consultant team has worked closely with Council to continually refine and improve our concept to create a really compelling solution for the centre of Burwood and we’d like to thank Council for their professionalism throughout this entire process," he said.
"We believe this project will be the making of Burwood for generations to come and, as the community’s representatives, Council has a very important role to play in shaping that opportunity.
<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/2017/03/17/cox_bur_view%2001_FINAL_bright.jpg" alt="">
“The involvement of not one, but two outstanding, multi-award-winning architectural firms has resulted in a magnificent and dynamic design that is not just visually stunning, but we believe really captures the aspirational spirit of the people of Burwood.
“It will be an iconic new landmark to signify the growing importance of Burwood as one of Sydney’s key strategic socio-economic hubs. 
We are now looking forward to continuing to work closely with Council, the community and our existing tenants to put all the necessary approvals in place for the delivery of this fantastic development.
"The project will now move through further consultations and approvals.
“Whilst the realisation of this vision is still subject to several more stages in the consultation and approval process, the positive Gateway Determination is a very important initial milestone to achieve."
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Burwood's future takes shape with new development project

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The Cairns market is one of the few regional markets that has performed moderately well over the past five years, according to REQI's latest report.
The quarterly median house price did not grow this quarter, holding steady at $395,000, but compared with 2011, has grown 12.2 percent.
The unit market fell 6.1 percent over the quarter to $225,000, however, for the year the market has grown 4 percent and has grown 6.8 percent over the past five years.
This is remarkable when compared with other regional unit markets.
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-cairns+north-117350835" target="_blank">6/281 Esplanade</a>, Cairns North (above) was sold for $375,000.
Similarly a three bedroom house at<a href="https://www.realestate.com.au/sold/property-house-qld-cairns+north-123330390" target="_blank"> 382 McLeod Street</a>, Cairns North (below) was recently sold for $390,000.
<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/2017/03/16/382%20McLeod%20Street.jpg" alt="">
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Cairns market continues to perform moderately well: REIQ

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The Gladstone median house price fell 3.2 percent this quarter, to $290,000 and over the past 12 months, the market has lost 10.7 percent, according to REIQ's latest report. 
The unit market fell 20.3 percent, to $185,000.
"This market continues to feel the impact of the resources downturn and news last week that the Boyne Island smelter was scaling back production levels," the REIQ noted.
It also reduced its staff by up to 100 workers due to soaring electricity costs, which will only add to market pressures.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-gladstone+central-123190150" target="_blank">10 Herbert Street</a>, Gladstone Central (above) was sold for $284,000.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-gladstone+central-122022606" target="_blank">6 Oaka Lane</a>, Gladstone Central (below) was sold for $265,000.
<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/2017/03/16/6%20Oaka%20Lane.jpg" alt="">
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Gladstone house market down by 10 percent annually: REIQ

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Greenway has the highest unit stock increase in the ACT in recent times, according to Investar’s latest report.
The property investment firm says that Greenway’s unit stock has increased by 105 percent, from 20 to 41.
For the median price of $340,000 an investor can purchase a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-act-greenway-119417611">304 SQ1 Anketell Street</a>, Greenway (above) for $335,000.
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/property-apartment-act-greenway-124223582">20/114 Athllon Drive</a>, Greenway (below) has been listed for $319,000.
<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/2017/03/17/20_114%20Athllon%20Drive.jpg" alt="">
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-act-greenway-122592190">16/114 Athllon Driv</a>e, Greenway (below) was sold for $350,000.
<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/2017/03/17/16_114%20Athllon%20Drive.jpg" alt="">
Similarly a one bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-act-greenway-122411506">26/2 Eileen Good Street</a>, Greenway (below) was sold for $300,000.
<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/2017/03/17/26_2%20Eileen%20Good%20Street.jpg" alt="">
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Unit stock growth in ACT's Greenway soars: Investar

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A Wilston city-view house has been sold for $1.55 million, making it Brisbane’s most expensive sale last weekend.
Located at <a href="https://www.realestate.com.au/property-house-qld-wilston-124729202" target="_blank">18 Main Avenue</a>, the property has been recently renovated and delivers a powerful street presence.
Designed with a balanced use of timber, contemporary grey tones and pendant lighting it offers a selection of indoor and outdoor living options.
<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/2017/03/19/18%20Main%20Avenue-2.jpg" alt="">
Modern entertainers’ kitchen features a blend of stainless and stone along with a butler’s pantry.
The property was offered through McGrath Estate Agents Craig Lea and Garry Jones.
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Signature city-view Wilston house sold for $1.55 million

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McGrath Estate Agents, a division of McGrath Limited, has opened a new office in the bayside suburb of Sans Souci.
McGrath Sans Souci will be led by Matthew King and Kieran Bresnahan.
This is the fourth franchise office under King and Bresnahan’s leadership including the already established Brighton-Le-Sands office, which has been serving the local area for the past seven years.
It will focus on Sans Souci, Ramsgate, Dolls Point, Sandringham and Kogarah Bay.
McGrath founder and executive director John McGrath said the new office located at 333 Rocky Point Road, Sans Souci was the 99th NSW franchise office.
Sans Souci, with its leafy bayside location, recently saw a home sold in excess of $9 million which surpassed the previous suburb record by more than $3 million.
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McGrath opens 99th franchise office at Sans Souci

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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