Longstanding Gold Coast and Canberra developer <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> is continuing to roll on with its Glitter Strip apartment pipeline, seeking to return to Mermaid Beach with a new 68-apartment development.

Morris, founded by Barry Morris in 1978 and one of the Gold Coast’s most prolific apartment developers over the past two decades, has filed plans for a 12-storey mixed-use building at <a href="https://www.apartments.com.au/new-apartments/36-seabeach-avenue-mermaid-beach-qld-4218">34-36 Seabeach Avenue</a>, on the prized eastern side of the Gold Coast Highway.

The 1,227 sqm site occupies a prominent corner position at Seabeach Avenue and the Gold Coast Highway, opposite the Mermaid Plaza retail and office precinct and around 140 metres walking distance from the future Mermaid Beach South light rail station.

<a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> has designed the project, which will comprise 68 apartments across a mix of 48 two-bedroom and 20 three-bedroom residences.

The building will rise 12 storeys, reaching a maximum height of 36 metres, with the apartments accounting for a total of 156 bedrooms. The development application also seeks approval for short-term accommodation across the 68 apartments, while two office tenancies are proposed at ground level.

The plans show 108 car spaces across the development, with parking accommodated at ground level and within a three-level basement accessed from Seabeach Avenue.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="c2175c99-12fd-4a3c-9be1-89bbf258a90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.41%E2%80%AFPM_0.png?VersionId=iNLzWcE6gaAE76rafhEXfHve.4g4Se0p" />

Resident amenity will be concentrated on level two, where Fraser &amp; Partners has designed a recreation deck with a swimming pool, 90 sqm pool terrace, outdoor barbecue area and gym.

The broader communal offering will also incorporate landscaped spaces, with the planning documents noting the amenity has been designed to provide areas for recreation, social interaction and outdoor living.

The proposal would continue the transformation of the Gold Coast Highway corridor through Mermaid Beach ahead of the arrival of the light rail.

The site is zoned Neighbourhood Centre and sits within the Mermaid Beach/Broadbeach Light Rail Corridor neighbourhood plan. While the prescribed building height is 24 metres, the site is identified within an Urban Neighbourhood context providing for a 50 per cent height uplift to 36 metres.

Planning documents describe the stretch of the Gold Coast Highway between Broadbeach and Nobby Beach as increasingly characterised by medium and high-rise development, with the proposed Morris tower joining projects including Ventura, The Alfred, Oceans and Otto.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="911f193f-e381-4a55-be08-58be87fcf978" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.48%E2%80%AFPM.png?VersionId=oxVvLJaY.SOXEdXrIcogfyEXDfvCmmpM" />

The development would mark Morris Property Group's latest investment in Mermaid Beach, where it has already delivered two apartment projects.

Otto, at 1 Bondi Avenue on the western side of the Gold Coast Highway, comprises 70 apartments across nine storeys. The project was completed in 2019 and includes a residents' gym, recreation deck and swimming pool.

Morris also developed Oceans at 46 Ocean Street, a nine-storey, 70-apartment build-to-rent development completed in 2019. Oceans was the group's first build-to-rent project and incorporates commercial space at ground level.

The two existing Morris projects sit further north along the same Gold Coast Highway corridor as the proposed Seabeach Avenue development. Fraser &amp; Partners' planning analysis specifically identifies both Otto and Oceans among the established built-form precedents surrounding the site.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="14925119-7b71-4812-8149-340317512c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%203.00.15%E2%80%AFPM.png?VersionId=aEJqYuw_nTCjcin17BSD0piB1EFotTlj" />

Mermaid Beach represents only part of Morris' considerable Gold Coast footprint.

The family-owned developer has been particularly active in neighbouring Broadbeach, delivering projects including Sierra Grand, Eclipse, Synergy, Qube, Koko, Opus and Malo, while its current pipeline includes Maison and the two-tower Crest development.

Further south, Morris has also developed a string of projects in Burleigh Heads, including Element, Boardwalk and Sandbar, while Essentia expanded its footprint north into Surfers Paradise.

The Seabeach Avenue application has been lodged by PMM Broadbeach Pty Ltd and seeks a development permit for a Material Change of Use for multiple dwellings, short-term accommodation and office uses. Zone Planning Group prepared the planning application, with Fraser &amp; Partners commissioned as architect.

The project comes as the developer continues to expand its Gold Coast pipeline while retaining a significant presence in Canberra. Morris now has more than $2.5 billion of development in its national pipeline and has delivered more than 7,000 homes during its near five-decade history

Joel Robinson

First look: Morris Property Group returns to Mermaid Beach with new Seabeach Avenue apartment development

<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developers/fortis&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw3hvFB2uWTRfEyEcpTSnnK9" href="https://www.apartments.com.au/developers/fortis" target="_blank">Fortis</a>&nbsp;is continuing its stronghold on Sydn​ey’s eastern suburbs apartment market, launching&nbsp;in September&nbsp;its latest boutique&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developments/double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw0GI5S9-wNeiLUnM-d1uYkw" href="https://www.apartments.com.au/developments/double-bay-nsw-2028" target="_blank">Double Bay</a>&nbsp;development,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw2YNouJQcFjiTTgVHbgDLA-" href="https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028" target="_blank">55 William</a>.

55 William presents&nbsp;just eight north-facing&nbsp;two-bedroom, three-bedroom and full-floor&nbsp;residences to the market, priced from $4.5 million.

The upcoming launch comes just weeks after Fortis secured approval for the $80 million development, its third eastern suburbs approval in two months. Construction is already underway, with completion targeted for 2028.

[smartcode_project:default project_id=152579 project_image_fid=376250]

55 William adds to a growing concentration of Fortis projects in and around Double Bay, a market the developer has become increasingly active in over recent years.

Fortis previously completed the nine-residence Marmont on New South Head Road, while it is currently developing a mixed-use residential and retail project at 12 Cross Street. Its wider Double Bay footprint also extends into commercial and retail development.

The developer's broader Sydney residential pipeline is particularly concentrated across the eastern suburbs, with projects spanning Doub​le Bay, Ro​se Bay, Wo​ollahra, Dar​ling Point, Poi​nt Piper and Eli​zabeth Bay.

[smartcode_project:default project_id=152579 project_image_fid=376253]

At 55 William, Fortis has again turned to MHN Design Union, the architecture practice behind several of its eastern suburbs projects, while London-based 1508 London has been appointed to handle the interiors and Wyer &amp; Co the landscaping.

The six-level building will comprise a combination of two and three-bedroom apartments, including a garden residence, full-floor apartments, a sub-penthouse and penthouse. Each residence will have secure basement parking and private outdoor space.

A rooftop terrace for all residents, along with select apartments, enjoys views across Double Bay Harbour and toward the Sydney skyline.

Ceiling heights will reach up to three metres&nbsp;in select residences, while the kitchens will feature natural stone and integrated Gaggenau appliances.

&nbsp;

&nbsp;

The boutique nature of the project reflects the type of stock Fortis has increasingly targeted across Sydney's eastern suburbs, where larger apartments and smaller buildings are being pitched primarily toward local owner-occupiers and downsizers.

Fortis Group General Manager Ed Eve said the developer continues to see demand from buyers wanting to remain in the eastern suburbs but move into newer, lower-maintenance housing.

“We're seeing continued demand from local owner-occupiers and downsizers looking for high-quality homes that allow them to remain in the eastern suburbs, close to the lifestyle and community they know,” Eve said.

55 William is also one of the early projects to respond directly to the NSW Government's Low and Mid-Rise Housing reforms. Fortis had previously secured approval for just two townhouses on the 599 sqm site before revising the scheme to eight apartments following the planning changes.

Situated one street back from Double Bay's water's edge, the project enjoys an enviable harbourside setting within walking distance of Double Bay Village and the ferry wharf.

[smartcode_project:default project_id=152579 project_image_fid=376252]

Fortis has increasingly made the eastern suburbs a major focus of its Sydney pipeline. Beyond Double Bay, it recently completed the 14-residence Piper in Point Piper and has projects underway or planned across Rose Bay, Woollahra and Darling Point.

The developer recently secured approval for Verano in Rose Bay, a six-level development comprising 21 two, three and four-bedroom apartments, also designed by MHNDU.

55 William&nbsp;is soon to be release to the market with VIP appointments commencing early September,&nbsp;with residences priced from $4.5 million.

[smartcode_project_cta:default project_id=152579]

Fortis continues eastern suburbs push with 55 William launch

UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

[smartcode_project:default project_id=135149 project_image_fid=377495]

For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

[smartcode_project:default project_id=135149 project_image_fid=377494]

“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

[smartcode_project:default project_id=135149 project_image_fid=377688]

McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

[smartcode_project:default project_id=135149 project_image_fid=377687]

Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

[smartcode_project_cta:default project_id=135149]

From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

The Maybelle brings 27-storey parkside tower to market near North Strathfield

Brisbane

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The Brisbane heritage-listed Princess Theatre in Woolloongabba is up for sale through Knight Frank. 
Built in 1888, the <a href="https://www.propertyobserver.com.au/https://www.knightfrank.co.uk/properties/commercial/for-sale/8-annerley-road-woolloongabba-qld-4102/5301470" target="_blank">Annerley Road property</a>, which was originally built for prominent Brisbane solicitor Phillip Hardgrave, consists of a large two-storey theatre and three retail tenancies on a 1103 sqm block.
The <a href="https://www.brisbanetimes.com.au/national/queensland/heritage-listed-brisbane-theatre-up-for-sale-20200224-p543md" target="_blank">132-year-old property</a> has been owned by Lifecity Church for the past 13 years, and has hosted other events, including wedding ceremonies, live music, school productions, private and corporate functions, theatre productions, trivia nights and fundraisers. The Princess Theatre has also recently been extensively refurbished, it has undergone recarpeting, repainting, floor polishing, and a new lighting and sound system. 
With Lifecity Church relocating to a more suitable location, the property is being taken to the market by Adam Willmore and Christian Sandstrom of Knight Frank. The expressions of interest campaign for this property closes March 19, 2020. 
The 500-person theatre was last sold in 2003 for $950,000, and $451,000 in 1992.
Mr Willmore said the Princess Theatre, which has 20 metres of street frontage to the busy street, "will generate significant buyer interest due to the scarcity factor and its stellar location, situated in the heart of Woolloongabba close to the Mater Hospital and less than two kilometres from the CBD.
"Woolloongabba is benefiting from investments in both public and private sector. The recent urban renewal and new development occurring within the suburb is redefining the suburb as a key southern 'gateway' into the city.
"The property adjoins retail amenity with plenty of parking and is occupied by two retail tenancies on the ground floor including a barber and café, along with a small office space." 
The theatre was first named the South Brisbane Public Hall and was designed to provide the rapidly expanding surrounding population with a communal venue that would become the perfect location for theatre, lectures, balls, musical performances and other public gatherings.
Over the years, the site has experiences a number of different incarnations, including being used as a clothing factory, a movie house, and the main site which hosted the rehearsals and administration for the US Entertainment Unit during World War II.
Lifecity Church director and venue manager, Frances Koops said she hoped the theatre would be purchased by someone who would make it available for enjoyment of the community for many years to come.
"The theatre is such a valuable piece of history, with so many drawn in by its old world charm and beauty," she said. 
 
 
 
 
 
 
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Brisbane's heritage-listed Princess Theatre up for sale

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EXPERT OBSERVER
The narrative of over-supply and under-performance in Brisbane units has dominated conversations around south-east Queensland property for almost 5 years.
At January 2020, Brisbane unit values remain 11.5% below their 2010 peak to be at similar levels to 2007. But the latest data on property values, construction and population growth suggest that the story is changing. It is worth noting that over-supply is very much a unit-centric story. H
ouses across Brisbane have actually seen quite strong capital growth returns in the past few years, except for a brief, cyclical downturn over part of 2019. In the previous trough-to-trough cycle that lasted between 2012 and 2019, annual house value growth outperformed unit growth by an average of 290 basis points.
This is larger than usual discrepancies, and is above the series average difference of 130 basis points. In other words, the past cycle saw units significantly ‘under-perform’ relative to housing stock in Brisbane. The rolling annual growth figure shows that unit values have largely declined since July 2016
2016 was a time when units were being built across Brisbane at an unprecedented level. ABS completion data suggests 21,342 units were completed, against a historic average of 11,585 per year. In the December 2016 quarter, the number of unit completions even eclipsed the number of houses delivered across the state.
It is difficult to understand the exact impact this supply has on the Brisbane unit market, given that ABS completions data is currently unavailable beyond a state level on a quarterly basis. However, cross-referencing the approvals dataset with the ABS data by region series, suggests about 75% of state-wide unit construction was centred within the Greater Brisbane metropolitan region.
The time series suggests that the lag between approvals and completions varies from about 1-2 years.
Since 2015, unit approvals have been moderating in response to subdued capital growth performance. The latest quarter of data shows approvals are 46% below the decade average of approvals. This means the delivery of new units across Queensland is likely to be subdued over 2020.
CoreLogic project data suggests unit completions across Brisbane over 2020 will average about 4,000 per quarter, reflecting the long-term average. But supply is only one side of the story. Looking at how population growth has tracked relative to unit completions brings further clarity to value declines in units over 2016.
The figure below shows ‘housing demand’ relative to completions across Queensland. Housing demand represents the number of dwellings needed to accommodate additions to population at each quarter, divided by household density of 2.6. The housing demand is presented as a rolling annual average.
Future housing demand is also estimated based on the Queensland government ‘median’ scenario of population projections, suggesting about 8,000 dwellings are required to house the growing population each quarter to June 2021.
<img src="https://www.urban.com.au/images/2020/2/20/Brisbane%20Oversupply.JPG" alt="">
There has been a convergence between the number of dwellings required and supplied since the start of 2018. With approvals data suggesting a decline in construction, and steady estimates of population growth, Queensland dwellings may fall into undersupply in the year ahead.
Rental yields are also well above the capital city average at 5.3% gross, meaning there could also soon be a turning point in investor demand. However, one unknown in this analysis would be projects that have stalled due to falling unit values in the past few years. If these re-commence, added supply could once again weigh down growth.
The turnaround in the supply-demand dynamic is already being seen in unit values. Since bottoming out in June 2019, CoreLogic indices show the Brisbane unit market has recovered 2.2%.
This fits in with a more broad-based recovery, as reductions in the cash rate have reduced the cost of servicing debt, and increased incentive to purchase property.
ELIZA OWEN is the Head of Research for Australia at CoreLogic
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Is Brisbane still oversupplied? CoreLogic's Eliza Owen

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Brisbane’s industrial property investment market experienced strong growth throughout 2019, with firm yields reflecting the limited availability of quality stock and solid purchaser demand, according to the February report from valuation firm Herron Todd White.
They found, whilst demand for quality industrial assets remains extremely strong, particularly for well-located properties with long-term leases and strong lease covenants, secondary properties continue to see long lease up periods and are generally less attractive in the current market. 2019 saw a shift in the Brisbane industrial market with institutional purchasers beginning to focus on areas such as the TradeCoast and along the Logan corridor.
Throughout the latter parts of 2018 and 2019, demand for industrial development sites throughout Brisbane increased substantially with increases in value evident across a number of industrial precincts.
Whilst there are still difficulties in obtaining development finance from financial institutions, this does not seem to have restricted demand in recent times.
Since the federal election in 2019 there has been a slight increase in sales volumes.
The valuers said, "we expect to see this sales activity continue to strengthen throughout 2020 due to the low interest rate environment and lack of supply within the wider Brisbane area."
"Rents continue to stay steady with no dramatic increases, particularly for net effective rentals,as incentives continue to rise. The most active segment of the market will continue to be transport and logistics with tenants gravitating towards modern properties with good access to motorways."
"The total number and value of sales fell in 2016. This was primarily due to a shortfall in supply of quality industrial assets, however sales picked up again in 2017."
"We saw a similar fall in sales in 2018 which carried over to a slower start in 2019. Since the federal election in 2019 there has been an increase in sales volumes."
"It is expected that stronger sales activity will continue throughout 2020 due to the low interest rate environment, however we do note that investors are holding on to well leased, quality assets due to the lower risk profile these properties offer."
"Investment yields for high quality assets continue to trend closer towards 6.00% with an example of a major transaction being 39 Graystone Street, Tingalpa, a well sought after location within the TradeCoast. The property had a 4.57 year lease term and transacted at $17.6 million with an analysied yield of 6.34%."
"2020 will continue to see a high demand for prime industrial properties with money coming from mum and dad investors through to major industrial institutional trusts," they concluded.
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Brisbane industrial market will continue to see strong demand in 2020: HTW Industrial

Brisbane is showing signs of some remarkable plans for the future, with a long list of&nbsp;skyscraper projects on the cards. In late 2019, the city welcomed the highly anticipated <a href="/buildings/brisbane-skytower-222-margaret-street-brisbane">Brisbane Skytower</a>, which topped out at an impressive 274 metres. However, the tower&rsquo;s height is unlikely to be surpassed any time soon, due to a few contending projects falling through or facing planning roadblocks. The reason for the lack of competition when it comes to height is due to the Brisbane Airport radar shadowing restriction, which limits towers to 274 metres &ndash; posing a challenge for developers&nbsp;wishing to exceed this height.

Despite the restriction, Brisbane is showing an upward trajectory of skyscraper development, with eight exciting&nbsp;new projects in the pipeline for the next few years.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/6548114-3x2-940x627.jpg" rel="gallery-all" title="Credit: ABC"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/6548114-3x2-940x627.jpg?itok=rPf32h2-" title="Credit: ABC" width="580" /></a>

<figcaption>Brisbane in 1931. Credit: <a href="https://www.propertyobserver.com.au/https://www.abc.net.au/news/2015-06-29/history-of-brisbanes-story-bridge-ahead-of-75th-birthday/6537080">ABC</a></figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aerial-view-of-brisbane.jpg" rel="gallery-all" title="Credit: Probono Australia"><img alt="" class="image-article-full-width-580px" height="283" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/aerial-view-of-brisbane.jpg?itok=3icKuIYN" title="Credit: Probono Australia" width="580" /></a>

<figcaption>Recent image of Brisbane, sourced 2018. Credit: <a href="https://probonoaustralia.com.au/news/2018/05/bleak-future-without-urgent-action-brisbane-renters-margins/">Probono Australia</a></figcaption>
</figure>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/future-brisbane-river.jpg" rel="gallery-all" title="Credit: Urbis"><img alt="" class="image-article-full-width-580px" height="327" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/future-brisbane-river.jpg?itok=EfxTmWzM" title="Credit: Urbis" width="580" /></a>

<figcaption>Future vision for Brisbane by Urbis. Credit: <a href="https://urbis.com.au/insights-news/future-brisbane-aim-high-and-dream-big/">Urbis</a></figcaption>
</figure>

For those who want to learn more about what&rsquo;s in store for Brisbane, here is a list of proposed towers.

<h2>1. 30 Albert Street (274m)</h2>

Location: 30 Albert Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/30-albert-street_cox-architects4.jpg" rel="gallery-all" title="30 Albert Street. Image credit: Cox Architecture."><img alt="" class="image-article-full-width-580px" height="871" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/30-albert-street_cox-architects4.jpg?itok=-S8j663d" title="30 Albert Street. Image credit: Cox Architecture." width="580" /></a>

<figcaption>30 Albert Street. Image credit: Cox Architects</figcaption>
</figure>

The tower set to be delivered at 30 Albert Street by international developer World Class Land has encountered an obstacle, after discovering that the development could interfere with the Cross River Rail underground tunnel beneath the project site. 30 Albert Street has already undergone a significant design change in 2016, replacing the original green glass facade with blue and gold glass. It is not yet known when construction is likely to commence; however, you can track any project updates here.

[smartcode_project:default project_id=6231]

<h2>2. The One (264m)</h2>

Location: 272-318 George Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-01-23_at_3.04.22_pm.png" rel="gallery-all" title="The One. Image Credit: The Urban Developer"><img alt="" class="image-article-full-width-580px" height="378" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-01-23_at_3.04.22_pm.png?itok=IQwCY8oe" title="The One. Image Credit: The Urban Developer" width="580" /></a>

<figcaption>The One. Image credit: <a href="https://theurbandeveloper.com/articles/brisbanes-skyline-set-to-reach-new-heights-with-4-skyscrapers-planned">The Urban Developer</a></figcaption>
</figure>

The One is a new luxury residential development located within the master-planned Brisbane Quarter precinct. With plans originally proposed back in 2013, the project is well on its way towards a slated completion of 2020 and is currently over half-built. Located within the heart of the city, The One boasts stunning river and city views, and excellent access to world-class amenities and public transport.

[smartcode_project:default project_id=13254]

<h2>3. Queen&rsquo;s Tower (250m)</h2>

Location: 545 Queen Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/image-2_545-queen-st-evening-view-683x1024.jpg" rel="gallery-all" title="Queen's Tower. Image credit: Woods Bagot"><img alt="" class="image-article-full-width-580px" height="870" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/image-2_545-queen-st-evening-view-683x1024.jpg?itok=gbE_J6pE" title="Queen's Tower. Image credit: Woods Bagot" width="580" /></a>

<figcaption>Queen&#39;s Tower. Image credit: <a href="https://brisbanedevelopment.com/76-storey-queens-tower-proposed-for-545-queen-street/">Woods Bagot</a></figcaption>
</figure>

While the original residential tower concept is no longer going ahead, there is still a chance for the new owners to utilise old plans or pursue a project of similar size. The initial Queen&#39;s Tower was architecturally designed by Woods Bagot, with two curved glass panels juxtaposed with slender flat planes, creating a changeable fa&ccedil;ade when viewed from different angles across the city. The striking 76-storey building will deliver 891 luxury residences, 100 serviced apartments and 2,500 square metres of dedicated retail and commercial space. Queen&#39;s Tower occupies an island site surrounded by Queen, Adelaide and Macrossan Streets.

<h2>4. Queen&rsquo;s Wharf Tower 4 (231.1m)</h2>

Followed by Queen&rsquo;s Wharf Tower 1 (190m), Queen&rsquo;s Wharf Tower 5 (180m), Queen&rsquo;s Wharf Tower 6 (160m)

Location: Queens Wharf

<figure><img alt="" class="image-article_full_width_580px" height="383" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-01-23_at_3.19.50_pm.png?itok=3w7OlNX6" title="Queen's Wharf. Image credit: Cottee Parker Architects." width="580" />

<figcaption>Queen&#39;s Wharf. Image credit: Cottee Parker Architects.</figcaption>
</figure>

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/so9P32V_oyA" width="660"></iframe>

The exciting new Queen&rsquo;s Wharf mixed-use precinct features four buildings &ndash; and will make an impactful debut on the city of Brisbane once complete in 2022. With design and master planning led by Cottee Parker Architects and Jerde Partnership, the development features a carefully considered range of architecturally designed public spaces, including a highly anticipated Sky Deck, rooftop moonlight cinema and River Arena. Queen&rsquo;s Wharf will also welcome five new premium hotels, 50 restaurants and bars, ballrooms, function spaces, the new Queensland Hotel and Hospitality School and 12 football fields worth of public event space.

[smartcode_project:default project_id=13276]

<h2>5. 360 Queen Street (200m)</h2>

Location: 360 and 370 Queen Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/360-queen-st-tower.jpg" rel="gallery-all" title="360 Queen Street. Image credit: Blight Rayner"><img alt="" class="image-article-full-width-580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/360-queen-st-tower.jpg?itok=Cb1AL1RR" title="360 Queen Street. Image credit: Blight Rayner" width="580" /></a>

<figcaption>360 Queen Street. Image credit: <a href="https://blightrayner.com.au/portfolio_page/360-queen-street/">Blight Rayner</a></figcaption>
</figure>

Planned for a prominent Queen Street site, is a nature-focused 40 storey mixed-use precinct, designed by Blight Rayner. The tower will feature thriving laneway retail, a public piazza and several skyparks for the public to enjoy. In addition to the multitude of mature trees and vertical greening throughout the development, 360 Queen Street is also striving for many environmental ratings:

<ul>
	<li>5 Star NABERS Energy Base Building Rating</li>
	<li>WELL Core and Shell Gold Certification</li>
	<li>5 Star Green Star Design</li>
	<li>As-Built Rating</li>
</ul>

[smartcode_project:default project_id=8229]

<h2>6. 195-199 Elizabeth Street (196m)</h2>

Location: 195-199 Elizabeth Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/twe-elizabethstreettower-01-1100x550-c-center.png" rel="gallery-all" title="Elizabeth Street tower. Image credit: Rothelowman/The Weekend Edition"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/twe-elizabethstreettower-01-1100x550-c-center.png?itok=CMR1HXy9" title="Elizabeth Street tower. Image credit: Rothelowman/The Weekend Edition" width="580" /></a>

<figcaption>Elizabeth Street tower. Image credit: Rothelowman/<a href="https://theweekendedition.com.au/design/elizabeth-street-tower/">The Weekend Edition</a></figcaption>
</figure>

A new 60-level tower has been planned for Elizabeth Street and will feature 248 one, two and three-bedroom apartments. The initial design by renowned architect Rothelowman was proposed in 2015 and featured a spectacular curved form to offer expansive viewpoints of the city below. The first five floors of the tower feature a large void which maximises the Buildings that Breathe concept, while ground-floor planting will aim to revitalise the streetscape. We have not heard any updates about whether this project will be commencing yet.

<h2>7.&nbsp;443 Queen Street (183.7m) </h2>

Location: 443 Queen Street

<figure><a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane"><img alt="" class="image-article_full_width_580px" height="998" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/cbus9504_443-queen-st-from-supplied-model_e02_hero_from_queen_street_e02_bris-22-800x1377.jpg?itok=FPDnqE5O" title="443 Queen Street. Image credit: Architectus/WOHA" width="580" /></a>

<figcaption>443 Queen Street. Image credit: Architectus/WOHA</figcaption>
</figure>

A collaborative project between Architectus and WOHA has led to an exciting new design for the 443 Queen Street site. The development is one of Australia&rsquo;s first buildings set to achieve a Generosity Index of 80 and Green Plot ratio of 197%. It embraces sub-tropical living with a carefully curated selection of native plants, cascading vertical gardens and mature trees, give this skyscraper a distinct point of difference. In <a href="/buildings/443-queen-street-brisbane-443-queen-street-brisbane">August&nbsp;last year</a>, we reported that the podium and first five floors were already&nbsp;under construction, so it&#39;ll be interesting to watch this development take shape throughout 2020.

[smartcode_project:default project_id=6226]

<h2>8. 500 George Street (179m)</h2>

Location: 500 George Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/external1-1.jpg" rel="gallery-all" title="500 George Street. Image credit: Cottee Parker Architects/Brisbane Development"><img alt="" class="image-article-full-width-580px" height="991" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/external1-1.jpg?itok=sa59YMZw" title="500 George Street. Image credit: Cottee Parker Architects/Brisbane Development" width="580" /></a>

<figcaption>500 George Street. Image credit: Cottee Parker Architects/<a href="https://brisbanedevelopment.com/500-george-street-gets-new-design/">Brisbane Development</a></figcaption>
</figure>

A 60-storey residential tower with a striking black and gold fa&ccedil;ade has been planned for 500 George Street. Architect Cottee Parker has delicately integrated the existing heritage King George Chambers buildings with the modern new skyscraper. The building will feature 144 serviced apartments, student accommodation and 248 apartments. As far as we&#39;re aware, there has been no progress made on this development due to an issue surrounding easement access for construction. However, keep an eye on Urban for future updates.

<h2>Discarded projects</h2>

No.1 Brisbane 274.3m

Location: 217-235A George Street and 52-58 Queen Street

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/no-1-brisbane-from-brisbane-square.jpg" rel="gallery-all" title="No. 1 Brisbane. Image credit: Blight Rayner"><img alt="" class="image-article-full-width-580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/no-1-brisbane-from-brisbane-square.jpg?itok=dRyANAyl" title="No. 1 Brisbane. Image credit: Blight Rayner" width="580" /></a>

<figcaption>No. 1 Brisbane. Image credit: <a href="https://blightrayner.com.au/portfolio_page/no-1-brisbane/">Blight Rayner</a></figcaption>
</figure>

Brisbane City Council approved the proposed 81-storey residential tower in 2017, however, was purchased by Charter Hall with no plans to commence construction on the approved plans as of yet. The tower would have&nbsp;become Brisbane&rsquo;s tallest residential tower to date and showcase the work of Blight Rayner Architecture with its dazzling cylindrical form and protruding balconies. No.1 Brisbane has been specifically designed to activate the adjoining laneway &ndash; Burnett Lane &ndash; which is a central feature of Brisbane City Council&rsquo;s Vibrant Laneways revitalisation scheme.

The development features 200 less car parking spaces than standard requirement as a means to promote public transport use within the CBD.

[smartcode_project:default project_id=8881]

240 Margaret Street (274m)

The previously planned A 91-storey residential tower was a collaborative project between Aspial Corporation and World Class Land, with design by Cox Rayner Architects. Situated next to Brisbane Skytower, 240 Margaret Street would have featured 783 apartments.

[smartcode_project:default project_id=6227]

155-171 Edward Street (274m)

ASX-listed developer Dexus has recently acquired a prime site in Brisbane&rsquo;s CBD from Aria Property Group. The 171 Edward Street site comes with approved plans for an 81-storey residential tower with retail and 642 apartments.

[smartcode_project:default project_id=95841]

Brisbane Square Tower 2 (170.7m)

Location: 266 George Street

In October 2018, the development application for Brisbane Square Tower 2 was withdrawn due to planning constraints, a year after submission. Set to become the second tower for Brisbane Square, the $450 million project would have featured&nbsp;43,824 square metres of commercial space and be the fourth largest commercial tower in Brisbane, standing at 36-stories high. Designed by Blight Rayner Architecture, The tower was designed by Blight Rayner Architecture and&nbsp;appeared to be suspended off the ground, with elongated structural pillars at street level, making way for an accessible civic square. Brisbane Square Tower 2 was&nbsp;also on track&nbsp;towards achieving a 6 Star Green Star Rating, with a range of environmental initiatives incorporated into the design.&nbsp;

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<div>[smartcode_project:default project_id=24767]</div>

<div>&nbsp;</div>

<div>[smartcode_project:default project_id=6257]</div>

Olivia Round

Brisbane's 8 future tallest skyscrapers

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Approval has been sought for a $200 million mixed-use development in Brisbane CBD's Quay Street precinct.
Maple Development Group have lodged the application for the Rothelowman-designed project proposing 255 one, two, three and four bedroom residential apartments.
There is also set to be a five-star serviced apartment building, commercial offices and a podium-level retail and entertainment space.
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Construction is expected to commence in 2021 pending DA approval next year.
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At the heart of the 3,115 sqm project at 57 Coronation Drive will be a restoration of one of Brisbane's oldest properties.
Davidson's Residence, originally built in 1868, will serve as the reception area.
Maple Development Group development manager Gilbert Zhu said the yet-to-be-named project’s subtropical public realm would be instrumental in reinvigorating the Quay Street precinct by connecting the CBD with Milton, Petrie Terrace and South Brisbane with a meaningful lifestyle hub.
“We’ve gone to great lengths to ensure that the project will make a significant contribution to the city of Brisbane,” Zhu said.
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“Residents will be able to enjoy riverside living while at the ground floor the open space would provide a 24-hour accessible ground plane that would connect residents, visitors and locals to future shopping and dining options, as well as Roma Street Station and the Bicentennial Bikeway. 
“There would be ample underground parking for residents and visitors, and we have also included more than 500 onsite bicycle parking spaces to encourage active transport.” 
Rothelowman principal Jeff Brown, who led the project design team, said what makes the project truly unique to Brisbane’s development landscape is its interaction with the 151-year-old Davidson’s Residence, which is located on the development site along Quay Street. 
“Davidson’s Residence provided a rare opportunity to unlock a piece of Brisbane’s rich history,” he said. 
“The design has been structured to allow the heritage building to take a prominent position between the buildings, importantly maintaining its original location and setting. 
“This ensures it is the focal point for the whole site and allows it to reclaim its original connection to the river.” 
The heritage-listed home will play a vital role in the development, serving as a reception area for the serviced apartments. 
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“A lot of time was dedicated to planning how we could not only maintain the heritage building, but celebrate its existence and give it new function,” Mr Brown said. 
“Visitors would have the chance to experience a significant piece of Brisbane’s history.”
 
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wdavis-8cCN98p7xp

Approval lodged for a $200 million mixed-use development in Brisbane

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Construction of HG Developments’ 17 level Omega Apartments in the heart of the trendy RNA showgrounds urban renewal precinct in Bowen Hills has finished on schedule.
The $77.5 million Omega Apartments feature 130 apartments consisting of 42 one- bedroom apartments, 10 one-bedrooms plus multi-purpose rooms, 52 two-bedroom apartments and 26 two bedrooms plus a study.
Located at 61 Brookes Street, just 1km from Brisbane’s CBD, the majority of Omega Apartments have panoramic views across the city due to the first four levels being a podium car park.
Omega Apartments is located on the cusp of Fortitude Valley and residents are within walking distance of the Royal Brisbane and Women’s Hospital, the vibrant King Street Precinct in the heart of the Brisbane Showgrounds and the café, restaurant, retail and lifestyle destinations of Gasworks Plaza and James Street.
Hutchinson Builders have completed the construction of the 130 premium apartments on schedule for HG Developments.
HG Developments directors Alistair Harvey and Simon Gundelach have developed residential, retail and commercial projects across the east coast of Australia for nearly 20 years.
“Since construction began on the 1450sq m site in February of last year, the build has progressed on schedule,” Director Simon Gundelach said.
“We’ve designed a smart building that includes a self-ventilated podium car park, as opposed to a mechanically ventilated one, in order to significantly reduce our carbon footprint and reduce the body’s corporate’s running and maintenance costs.”
“Onsite amenities comprise expansive recreational areas, including a solar-powered subtropical roof-top sky garden with a horizon-edge pool with skyline views, a gas fire pit and three barbecues. Residents facilities also include a yoga deck, gymnasium and music room.”
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Boasting a stylish urban character, Omega Apartments’ one and two-bedroom apartments are among the largest on offer in Brisbane’s inner city.
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They offer spacious designer living with contemporary finishes, Miele kitchen appliances, timber flooring, ducted and zoned air-conditioning as well as marble splashbacks and rose gold tapwears.
TOTAL Property Group Managing Director and Marketing Manager for Omega Apartments, Adrian Parsons, said the new development has received very strong interest from buyers with over 70 per cent of the apartments sold prior to construction finishing.
“Buyers have been quick to snap up these apartments; that are on average 10 per cent larger than most in the inner-city Brisbane area,” he said.
The remaining one and two-bedroom apartments are available in a variety of floorplans designed to offer contemporary living and range in size from 63sqm to 145sqm. They are priced between $401,000 to $694,000.
Omega Apartments is perfectly positioned at 61 Brookes Street; just 1km from Brisbane’s CBD in the high-demand area of Bowen Hills.
 It’s within walking distance of the King Street Precinct, Gasworks Precinct and neighbours Fortitude Valley’s eclectic café and restaurant scene.
Surrounded by childcare providers and some of the finest state and private schools in Brisbane, Omega Apartments is very close to the soon-to-open Inner City North State Secondary College; Brisbane’s first vertical school and the first inner-city high school to open in 50 years.
Omega Apartments is a 12-minute drive from Brisbane Airport and is well serviced by significant transport infrastructure, including the existing Bowen Hills train station and the new Exhibition train station being built as part of the State Government’s $5.4 billion Cross River Rail project.
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Construction complete at Omega Apartments in trendy RNA showgrounds precinct

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The Brisbane retail property sector has remained relatively stable throughout 2019 as firm yields continue to be achieved across asset types and price points with strong demand from investors for quality retail assets with strong income security, according to the latest retail report from valuation firm Herron Todd White.
They found, the recent interest rate cuts and the very poor returns from cash are however again putting downward pressure on property yields for good quality investments, despite an industry consensus in late 2018 and early 2019 that yields had bottomed.
The valuers said, "we are yet to see widespread evidence of further yield tightening but this is more a function of very limited levels of stock availability and lesser levels of sales activity."
"At the lower end of the market, the demand for good quality convenience and neighbourhood shopping centres remains strong with high levels of investor interest from private investors in particular."
"Such properties generally continue to trade in the six to seven per cent yield range"
More broadly, sub-regional, regional and major regional shopping centres continue to feel the squeeze as the traditionally high rental levels are in many instances not sustainable.
Whilst good centres are better at maintaining occupancy, for many centres this is being done on a reduced rental structure which has a direct flow through to values.
For secondary centres, the increasing levels of vacancies are becoming harder to hide.
The report authors noted, "much of this pain is still to be worked through and is likely to continue for some time."
"These pressures are impacting on the higher end investment markets where the sentiment for retail has softened considerably."
"Overall, we expect generally stable market conditions to continue for the lower tier retail markets into 2020 on the back of the low interest rate environment."
"In particular, there will continue to be strong interest in secure income producing properties with strong lease covenants, however many leasing markets are likely to remain difficult and there will be a heightened degree of volatility for both rentals and values for secondary assets," they concluded.
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Brisbane retail sector strong with limited supply: HTW Retail

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Most of Australia’s capital cities will benefit from the interest rate cuts and loosening of credit restrictions, Brisbane in particular looks set for growth even if APRA intervenes, according to Christopher’s Housing Boom and Bust Report for 2020, released today by SQM Research.
In every scenario and barring worst case, Scenario 4, a doomsday scenario, Brisbane is expected to see price growth.
Even in that case Brisbane is expected to see price movements of -3% to +1%.
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As a result of the improved international outlook and an existing recovering in mining investment, Brisbane similarly to Perth will benefit and should record price rises in the order of 3% to 6%. 
In the base case forecasts, what SQM view as the most likely scenario, there are no changes in interest rates and no intervention by the Australian Prudential Regulation Authority (APRA).
Louis Christopher, when referencing a long term perspective, "better value can definitely found in other markets that aren't Sydney and Melbourne such as Perth and Brisbane."
SQM Research also anticipates an ongoing recovery in the Brisbane and Perth rental markets in 2020, he noted.
<a href="/expert-insights/buying/sydney-house-prices-could-jump-14-per-cent-in-2020-sqm-research">Sydney</a> and <a href="/expert-insights/buying/melbourne-house-prices-tipped-to-rise-by-up-to-15-per-cent-sqm-research">Melbourne</a> look set for the largest recovery, with Hobart and Canberra next up, followed by <a href="/expert-insights/buying/perth-real-estate-finally-set-for-price-growth-in-2020-sqm-research">Perth</a> and <a href="/expert-insights/buying/brisbane-housing-market-will-see-growth-in-2020-sqm-research">Brisbane</a> while Adelaide and <a href="/expert-insights/buying/darwin-the-only-city-forecast-for-falling-real-estate-prices-in-2020-sqm-research">Darwin</a> look set for minimal growth, or a loss.
Read the <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=944878d0b0&amp;e=0aab96dc54" target="_blank" data-auth="NotApplicable">Christopher’s Housing Boom and Bust Report</a> here.
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Brisbane housing market will see growth in 2020: SQM Research

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An inner-city estate called Winbrook, in Brisbane’s smallest suburb of Kalinga, has been listed for sale. 
The five-bedroom home, at 119 Nelson St, dates back to the early 1900s, and sits on a 3383 square metre block.
It features five bedrooms, five bathrooms, a floodlit tennis court, with elevated spectators' rotunda.
There is also a pool with spa and twin cabanas. 
<img src="https://www.urban.com.au/images/2019/11/11/kaninga%202.jpeg" alt="">
It has been the home of Brad Gordon, of London-based Acacia Mining, for the last two years.  
On returning to Australia two years ago, Mr Gordon and his partner Lisa Page who is an accomplished interior designer, set about returning this magnificent trophy home to its former glory. 
“The house has been meticulously renovated throughout with luxurious high-end inclusions and finishes, each room showcasing the home's early colonial architectural influence,” Mr Gordon said. 
Ray White New Farm elite agent Christine Rudolph said Winbrook was totally hidden from the street. “You enter via electronic gates and down a long landscaped circular driveway that once belonged to the adjoining historical Kedron Lodge, circa 1860.” 
“It’s like a mini resort, the property boasts a floodlit championship size grass tennis court with elevated spectator's rotunda, an in-ground swimming pool with spa and twin lounging cabanas. There’s a fully equipped air-conditioned gymnasium and outdoor entertaining facilities that overlook the picturesque parkland views,” Rudolph said. 
 
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Winbrook, Kalinga estate listed for sale

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Queensland’s housing market has fared better than that in most other states, although it is still not immune to the nationwide downturn, according to the latest data from Moody's Analytics.
The Queensland property market consists of three distinct groups.
The first region constitutes the bulk of Brisbane, which has experienced healthy growth up to 2018 because of the improved services sector — but now is experiencing a moderate correction, though prices are expected to recover next year, especially for apartments. 
The contrast between apartment and house values is most evident in Brisbane-North, where house prices are expected to grow 0.4% in 2020, while apartment prices are set to rise by 6.2%; there is a similar spread for other regions in Brisbane and Greater Brisbane.
Consequently, apartment prices are expected to perform better than house prices for Brisbane (and Greater Brisbane) in the medium term.
Moody’s Analytics forecasts house values to underperform throughout the forecast period, while apartment prices are expected to grow faster after a trough in late 2019 to early 2020.
This is reversal of trend between the two asset classes from the past few years
<img src="https://www.urban.com.au/images/2019/10/28/QLD%20Moodys.JPG" alt="">
Katrina Ell, Economist, Moody’s Analytics said: "The effects of a higher supply of houses in the pipeline as well as muted income and employment growth mean that house and apartment values in Brisbane-South will contract by 3.5% and 2.6%, respectively, in 2019, though the area’s prospects for apartment prices in 2020 are better.
"In Greater Brisbane areas such as Ipswich, dwelling prices are suffering after heavy falls in apartment values in 2018, following a period of oversupply.
"The second housing area comprised of ‘lifestyle areas’ including the Sunshine Coast, Wide Bay and Cairns, are generally expected to perform better over the forecast period.
"The third housing market region in Queensland comprises commodity or agriculture-producing areas. These include Central Queensland, Mackay-Isaac-Whitsunday, and Darling Downs-Maranoa.
"Housing markets here have seen significant value declines over the past few years partly as a result of the end of the mining boom.
"This year’s uptick in commodity prices and tourism has seen recoveries in areas such as Mackay. However, areas that are more agriculturally geared are forecast to suffer continued declines on the back of drought conditions."
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