Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Brisbane

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Former Queensland Treasurer Keith DeLacy and wife Yvonne are selling their inner Brisbane penthouse.
The <a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-125243466" target="_blank">two level Queen Street apartment</a> in the MacArthur Chambers building cost $1.75 million in 2008.
The building takes its name from General Douglas MacArthur who commandeered the premises as a base during World War 11.
Keith, who was Queensland Treasurer from 1989 to 1996, and is now involved in agricultural start-ups suggests the apartment was perfect for an executive to hold meetings.
It's being offered through Ray White Ascot agent Ian Cuneo.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/Brisbane2.jpg" alt="" width="244" height="303">
They've also listed their long-held family home in Redlynch, 13 kilometres inland from Cairns.
Debbie North at Cairns Property Office is asking for offers over $1 million for the property which comes with two separate residences.
The couple paid $80,000 some three decades ago for the 8,622 sqm parcel. Construction was finished in 1989. DeLacy was the member for Cairns between 1983 and 1998.
They're set to use the proceeds of both properties to consolidate in Brisbane. 
This article first appeared in The Weekend Australian Mansion Australia section. 
 
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Former Queensland Treasurer Keith DeLacy lists Brisbane penthouse

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A long-standing motel in Brisbane’s inner suburb of Hamilton has been sold through Savills for an undisclosed sum, although the transaction is believed to be around $2.5 million.
The Kingsford Riverside Inn at 114 Kingsford Smith Drive comprises 25 rooms, a manager’s residence, reception area and other utilities. The 3 Star rated motel is also conveniently located opposite a 24 hour service station.
The four-storey motel was built in 1957 and has been owned and operated for the past 17 years by a local Brisbane couple who are now heading for retirement. It was bought for $450,000 by Daniel and Jane Doyle, according to CoreLogic RP Data.
The freehold motel property is set on an area of 663 sqm. 
The sale to private Sydney-based buyer was brokered by Nic Simarro and Tim Packman of Savills. 
The new owners have promised an extensive refurbishment, according to The Courier Mail.
Simarro said the property attracted much buyer interest due to its prominent high-exposure location on Kingsford Smith Drive. It is close to the airport and Brisbane CBD.
“Given the location, substantial landholding and favourable zoning, the property provides excellent medium-term redevelopment potential,” Simarro said.
Packman said the riverside setting provides panoramic views of the Brisbane River.
He said the site is prime for repositioning as it is zoned ‘High Density Residential (Up to 8 Storeys)’ and provides an opportunity for future redevelopment, subject to Council approval. 
“The underlying land rich nature of the site presents great flexibility in future uses to capitalise on the high level of infrastructure and development activity in the surrounding area,” Packman said.
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Landmark riverside motel in Brisbane’s Hamilton sold through Savills 

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Condev Construction and Mirvac have almost completed construction on the $30m Greystone Terraces residential development in Brisbane's Everton Parks residential project in Brisbane.
Greystone Terraces, on the corner of Russell Street and Old Northern Road, will feature 56 two and three bedroom townhouses, with prices starting from $475,000.
Stage one is already sold out and stage two is over 90 percent sold.
Steve Marais, managing director, Condev, said Greystone Terraces have been a challenging and rewarding project.
“Our relationship with Mirvac has blossomed throughout the duration of the project and we’ve worked in partnership to see it eventuate."
Mirvac Development Manager Jacob Foran says Condev was chosen for the project because of their focus on developing high quality products.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/07/_D4A8040.jpg" alt="">
 
Greystone Terraces puts the value of Condev’s workbook above $200m.
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Condev Construction's Brisbane development close to completion

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Queensland's slow start to 2017 shows one of the weakest rates of growth across Australia at just 0.4 percent in 2016, according to the CoreLogic-Moody’s Analytics Australian Home Value Index Forecast, 2017Q1.
The report said after a strong showing in 2016, Brisbane’s property market will cool in 2017 and 2018, due in part to the continuing mining slowdown.
<a href="https://www.propertyobserver.com.au/images/2017/04/13/Screen%20Shot%202017-04-13%20at%209.59.34%20AM.png" target="_blank">Click to enlarge</a>
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"The mining slowdown continues to weigh on job growth, and unemployment in the city’s local economy is expected to remain elevated at around 6 percent in 2017," it said.
"Valuations in Brisbane, Hobart and Adelaide are improving, helped partly by better employment conditions. We forecast 3.3 percent growth in detached housing values for Brisbane this year." 
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jonathanchancellor-7SQnKwU6yx

Brisbane’s property market to cool in 2017, 2018: Moody's

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Nine of 36 homes within the Ecco Ripley residential development The Terraces at Parkview Parade in Brisbane’s western growth corridor remain on the market.
House and land packages, priced from $282,000 are now under construction. The two and three-bedroom homes do not attract body corporate fees and can be secured on a $2000 deposit with the balance due on completion.
Scott Blaney, sales manager, Ecco Ripley, said the window of opportunity was closing on the only house-and-land product priced under $300,000.
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“Time is also running out for those buyers who wish to take advantage of the $20,000 Queensland First Home Owners Grant, which expires on June 30, 2017," he said.
"The terraces had been individually designed to suit their elevated location in the Brooking Rise precinct, within walking distance of the Ripley Town Centre.
“The internal configurations have been optimised to harness natural light and promote cross ventilation.
"A number of terraces also capture views of the surrounding mountain ranges including Flinders Peak.
“They are conveniently positioned close to the Ripley Town Centre, where the first stage is under construction and due to open in 2018.
Over 70 percent of buyers were first home buyers and owner occupiers while the majority of all purchasers were from the Ipswich region.
"Local agents Greater Realty had appraised the annual rental return on a three-bedroom terrace home selling for $294,000 at 5.8 per cent.
The single and double-storey terrace homes in the final release of The Terraces at Parkview Parade range in size from 107.4sqm to 132.4sqm and are priced from $282,000 to $338,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/10/411%20Sekisui%20Townhouses%20Streetscape1f.jpg" alt="">
The Terraces at Parkview Parade was released in September 2016 as the second terrace project from Sekisui House in Ecco Ripley, and followed the success of Terraces at Acacia Lane.
For more information, visit <a href="https://www.sekisuihouse.com.au/terraces" target="_blank">www.sekisuihouse.com.au/terraces</a>
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House and land packages from $282,000 under construction in Ecco Ripley's The Terraces, Brisbane development

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Entrepreneur Jessica Rudd and her husband, fund manager Albert Tse, have upgraded homes in Brisbane.
They've spent $2.18 million on a family home in Chelmer, not far from Jess' father, former prime minister Kevin Rudd, who secured an $8 million CBD penthouse with wife Theresa Rein last year.
The young couple have bought a renovated 1920S Queenslander that comes with all the traditional features from original VJ walls to breezeways and ornate ceilings.
The five bedroom residence offers a home office, rumpus room and living and dining spaces that open to an expansive outdoor entertainment courtyard with custom fireplace.
There's gardens, saltwater pool and even a concrete 12 metre cricket pitch. 
The purchase through Place New Farm agent Ann-Karyn Fraser prompted the listing of the couple's former Fairfield home which is under offer.
The five bedroom home with Colonial facade has been restored since the couple's $1,070 million purchase in 2014, when the couple returned to Australia from stints in London and Beijing.
Rudd is the Australian ambassador for Chinese e-commerce giant Alibaba after setting up Jessica's Suitcase on Tmall Global, a company that helps foreign brands enter the Chinese e-commerce market. 
This article first appeared in The Weekend Australian Mansion Australia section.
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Entrepreneur Jessica Rudd upgrades Brisbane home

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The $60 million Wellington development in East Brisbane has sold more than $28 million in new apartments since release.
The Wellington, from EPV Developments, features 127 one-bedroom and 32 two-bedroom apartments in a variety of floorplans priced between $354,000 and $615,000.
Karl Jameson, EPV Developments director said due diligence research showed that Brisbane’s inner south-east is increasingly becoming a lifestyle destination of choice, with The Wellington site perfectly positioned in an area of ongoing high demand.
“We want to make the most of this prime location by creating a development where residents can enjoy convenient and luxurious inner-city apartment living and captivating city views,” he said.
“Our vision is to create a unique central atrium with lush tropical terraces and courtyards to provide residents with a garden view and allow for natural light and breezes to flow throughout the apartments in The Wellington,” he said.
“Our design concept for The Wellington’s apartments is to create a sense of space, maximised by integrating accessories into a seamless, clean and contemporary style, offering a choice of light and dark colour palettes and selected upgrade options allowing owners to personalise aspects of their apartment.”
<img src="https://www.urban.com.au/images/2017/04/07/Adrian%20Parsons%20Denis%20Mackenzie%20%20Karl%20Jameson%201.JPG" alt="">
The Wellington apartments are 350m from Woolloongabba’s dining precinct, 600m from a Coles supermarket, 1300m from the Mater Hospital complex, 1800m from the South Bank Institute of Technology, and 2300m from the lifestyle destination of South Bank.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/07/The%20Wellington%20-%20Rooftop%20Pool.jpg" alt="">
 
For sales information go to <a href="https://thewellingtonbrisbane.com.au/" target="_blank">https://thewellingtonbrisbane.com.au/</a>, phone TOTAL Property Group on 1300 393 855 or visit The Wellington sales office, open Saturday and Sunday from 10am to 4pm opposite The Wellington development site at 30 Wellington Road, East Brisbane.
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East Brisbane's The Wellington records strong sales

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Brisbane’s commercial property market is expected to rise on the radar of investors over the next two years as yield compression reaches its peak in Sydney and Melbourne.
That was one of the key outtakes of CBRE’s annual Brisbane Market Outlook presentation, which highlighted the continued outperformance of Australia’s south east property markets had compressed yields to their tightest levels.
CBRE’s Head of Research for Australia, Stephen McNabb, said strengthening drivers in the Brisbane economy, coupled with an attractive yield spread, would drive an increase in investment over the coming years.
“The gradual improvement of Queensland’s economy, which has been gaining momentum over the past 12 months, is making Brisbane look more attractive – particularly given the yield in prime assets of 6 percent – 6.5 percent.
Office vacancy is forecast to drop below 10 percent by the end of 2019, which will support rental growth and ultimately yield compression.”
The presentation also referenced CBRE’s latest Investors Intentions Survey – highlighting 30 percent of Asian investors list Australia as their preferred APAC destination for investment.
“As the Sydney and Melbourne markets reach their peak in terms of yield, investors are looking for new locations – in particular markets that offer a higher yield spread,” Mr McNabb said.
The presentation was followed by panel discussion with CBRE experts – key points from which are summarised below.
Mr Baker said Brisbane was well positioned to capitalise on a shift in the investment cycle over the next two years.
“When capital pours into a strong market like Sydney, which is reaching its limit in yield compression, it starts to point to alternative markets that offer attractive yield spreads such as Brisbane,” Mr Baker said. 
“A recovery in Brisbane’s office occupier market will further support the attraction of capital, in addition to an increasing population lending itself to a sustained economic recovery.”
Mr Lawrence said for most borrowers, debt had become more important to their purchase and investment decisions given the current tight lending conditions and low for longer outlook.
“Australian Banks are facing a number of constraints at the moment in terms of capital costs and limits, resources and APRA focus on their property exposures. 
Australia is unique in the market share that domestic banks have in terms of property funding so these constraints have a large effect on the market,” Mr Lawrence said.
“The constrained conditions, particularly for development funding, are creating opportunities for alternative lenders.
Importantly many of these groups have a different capital model than the domestic banks.
This allows funders to provide loans with a longer tenor or a different risk/return profile than Australian banks.”
CBRE has active relationships with more than 270 lenders worldwide and is engaging with a number of these to develop Australian loan programs.
“We are seeing a significant increase in offshore lender appetite for Australia - often for the same reason that equity investors are attracted to Australia.
These funders are in a position to grow their lending books and provide a more diverse range of loan products than domestic banks,” Mr Lawrence said. 
Ms Fitzgerald said in an environment of relatively limited growth, property owners needed to seek out opportunities to optimise their portfolios, taking into account the importance of placemaking and customer service.
“It’s about creating places people enjoy and more importantly want to return to.
"Places that help people manage their work life balance.
"To provide that point of difference, property owners need to think beyond end of trip and gym facilities – they need to get a lot more creative,” Ms Fitzgerald said. 
“We create real value in our assets by providing focus on the experience and service offering."
For example, in September and October landlords might want to partner with tax agents for two weeks to provide a tax return service within the building.
"It’s still paid for by tenant employees, but you have facilitated the convenience – you have helped make their work life balance easier.
"It’s about reducing the impact of distracting, mundane tasks, so that people can focus on their work when they are in the office, or spend time with their family and friends in personal time.”
Mr Curtain said there had been a major shift in the focus of placemaking in the office sector over the past decade.
“For a long time the responsibility sat with occupiers to provide collaboration zones and additional amenities within the tenancy NLA. 
Landlords have now taken up this challenge and are offering a wide range of services and amenities to ensure the needs of their occupants from early in morning until late at night are catered for.
Major corporate organisations want to provide their people with a workplace experience that offers the same benefits as a five-star hotel.
This includes a comprehensive food and beverage offering, gymnasium, conference facilities and personal concierge.
Importantly, these services and amenities enhance productivity, and provide settings for people to collaborate and recreate within the work environment.
Grocon/DEXUS’ recently completed 480 Queen Street is a great example of this in practice offering 11 different food and beverage options, childcare, rooftop entertainment terrace and gymnasium.”
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Brisbane commercial landlords need to think beyond gym facilities 

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The Brisbane apartment market has been self-correcting and unlikely to suffer any great supply-demand imbalance, Urbis have tipped. 
The report comes Greater Brisbane faces an oversupply of 8000 new dwellings this year as scheduled completions outstrip population-driven growth in demand, research group SQM has estimated.
However, figures from planning consultancy Urbis suggested that the number of units under construction in Brisbane was dropping sharply.
The Urbis report shows that only 1812 units are under construction in the CBD across four projects. 
In 2017, some 666 units will complete, with 810 units completing in 2018, and 336 in 2019.
A drop-off in settlements next calendar year would also improve the balance, it said.
"The market will be crying out for new product in 2019. We certainly don't see any oversupply issues in the CBD," developer Consolidated Properties executive chairman Don O'Rorke said. 
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Brisbane apartment market supply-demand imbalance unlikely

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A marketer has offered discounts of up to 39 percent for units in a newly finished residential development in Brisbane, but the developer and its equity partner say the company doesn’t have the authorisation. 
David Carter of Landmark Asset Services emailed clients this week offering huge discounts in The Hudson, according to Fairfax Media.
Prices for two-bedroom apartments were marked down from $805,000 to $490,000, while three-bedroom penthouses were priced at $960,000, down from $1.2 million, the email said.  
"The funder has taken the project off the developer and has given us four weeks to sell the remaining 50 or so apartments," Carter wrote in the email, which included a flyer offering "Sizzling Hot Deals”.
"I have never sent an email like this to friends and family but this is a damn good opportunity for anyone if they are looking for an investment and a fire sale price,”  it went on.
But developer Twin Ocean Corporation and its joint equity partner Barwon Investment Partners had a different take, saying Landmark had no authority to sell the units.  
"The Landmark guys aren't appointed by the project as our agent," Barwon partner Peter Conners was cited as saying by The Australian Financial Review. "They're going off on their own little adventure there. What they've said is pretty damaging stuff."
Further, the $96 million project was in no financial trouble as suggested in Carter’s email, said Connors.
"The senior debt's been paid off," he said. "The project is complete. We're in the process of selling off the remaining stock."
Conners said his consortium had previously talked to Landmark about the project but had not given it a mandate or agency agreement for outstanding stock in the 164-apartment project near Albion Train Station, which was completed in December.
"I've heard of agents being idiotic," he said. "They do idiotic things all the time. But not in this particular fashion."
He said they were considering taking legal action against the company.
Carter couldn’t be reached for comment, the AFR said.
Twin Ocean director Tim Jones said the consortium was planning to discount the remaining Hudson apartments in a campaign next week.
"We've got between 40 to 45 units to sell," he said. "We want to start specific campaigns over various stock to price point it to make sure we get sales."
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