Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/tsioMLcnjas?si=zq-ys3JuWpfa5hFv" title="YouTube video player" width="560"></iframe>

The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Brisbane

<html><body>
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. 
 
 
 
 
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Brisbane's heritage-listed Princess Theatre up for sale

<html><body>
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
</body></html>

pchatterjee-seVgoiQgz5

Is Brisbane still oversupplied? CoreLogic's Eliza Owen

<html><body>
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.
</body></html>

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;

<div class="rtecenter">Related articles:</div>

<div class="rtecenter"><a href="/news/queenslands-top-10-current-and-future-tallest-buildings">Queensland&#39;s Top 10 Current and Future Tallest Buildings</a></div>

<div class="rtecenter"><a href="/news/the-future-of-sydney-s-skyline-9-tallest-skyscrapers-by-2025">The future of Sydney&rsquo;s skyline: 9 tallest skyscrapers by 2025</a></div>

<div class="rtecenter"><a href="/news/reaching-new-heights-melbournes-new-tallest-building-aurora-tops-out">Reaching new heights: Melbourne&rsquo;s new tallest building &lsquo;Aurora&rsquo; tops out</a></div>

<div class="rtecenter"><a href="/news/top-10-future-tallest-buildings-in-australia">Top 10 (Future) Tallest Buildings in Australia</a></div>

<div class="rtecenter">&nbsp;</div>

<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

<html><body>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
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.
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
Construction is expected to commence in 2021 pending DA approval next year.
</div>
</div>
</div>
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.
<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/2019/11/29/57%20Coronation%20Drive%20.jpg" alt="">
 
“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. 
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
“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.”
 
</div>
</div>
</div>
</body></html>

wdavis-8cCN98p7xp

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

<html><body>
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
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.”
<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/2019/11/25/Omega%20Apartments%20rooftop%20recreational%20area%20with%20solar-powered%20subtropical%20garden%20gas%20fire%20pit%20and%20bbqs.jpg" alt="">
Boasting a stylish urban character, Omega Apartments’ one and two-bedroom apartments are among the largest on offer in Brisbane’s inner city.
</div>
</div>
</div>
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
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.
<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/2019/11/25/Omega%20Apartments.jpg" alt="">
</div>
</div>
</div>
</body></html>

Construction complete at Omega Apartments in trendy RNA showgrounds precinct

<html><body>
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.
</body></html>

Brisbane retail sector strong with limited supply: HTW Retail

<html><body>
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%.
<img src="https://gallery.mailchimp.com/9badbd870addb4af72206c2eb/images/4df1a5ab-58ab-48eb-be7c-da10730ccd12.png">
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.
</body></html>

Brisbane housing market will see growth in 2020: SQM Research

<html><body>
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. 
 
</body></html>

Winbrook, Kalinga estate listed for sale

<html><body>
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."
</body></html>

Brisbane

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Brisbane

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News