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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Brisbane's Broadway Hotel in Woolloongabba will be the centrepiece of the $260 million neighbourhood mixed use redevelopment following a DA lodged with Brisbane City Council.
Majella Property Developments are set to redevelop  the 3420 sqm site, spanning 44 Balaclava Street and 85 &amp; 93 Logan Road, Woolloongabba.
<img src="https://www.urban.com.au/images/2017/03/15/Screen%20Shot%202017-03-15%20at%2011.24.34%20AM.png" alt="" width="675" height="412">
The DA proposes a multi-level apartment tower with a 262 one, two, three and four bedroom apartments as well as a three-level commercial and retail podium and 40 commercial sites.
The hotel, built in in 1890 and designed by John Hall &amp; Son was damaged by fire in 2010.
<img src="https://www.urban.com.au/images/2017/03/15/Screen%20Shot%202017-03-15%20at%2011.24.27%20AM.png" alt="">
Frank Monsour, Majella Group founder said some of the development profits from the apartment tower to restore the hotel which otherwise has been deemed to be economically unviable as a restoration project on its own due to the extensive damage suffered.
“Broadway will redefine this important precinct in Woolloongabba with heritage values central to the design," he said.
<img src="https://www.urban.com.au/images/2017/03/15/Screen%20Shot%202017-03-15%20at%2011.24.23%20AM.png" alt="">
“We are thrilled to be able to bring the Broadway Hotel back to life and develop a vibrant commercial precinct with food and dining central to the experience.
"We’re pleased to be bringing innovations to the Broadway development including centralised recycling, cutting edge Bloomframe windows and the largest automated car parking system in Australia.”
<img src="https://www.urban.com.au/images/2017/03/15/Screen%20Shot%202017-03-15%20at%2011.24.16%20AM.png" alt="">
The residential development will feature rooftop facilities for entertaining and meetings, pools and a spa. It is designed by Elizabeth Anderson of Hayes Anderson Lynch Architects.
Construction is expected to start late 2017 and be completed in 2019.
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j.ballantyne1990-6AQqhLzZaK

Historic Broadway Hotel and tower to breath new life into Woolloongabba

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The Brisbane property market, in terms of public perceptions, is a victim of the way research companies and media choose to portray price growth.
It’s a stronger market than the published numbers suggest. Sales activity is generally buoyant and there are suburban precincts with growth markets right across the Brisbane metropolitan area.
But the various research firms publish a single figure to describe house price growth across an entire metropolitan area - and that’s what media reports. In the past year, the single figure published for Brisbane suggests only moderate growth, much lower than Sydney or Melbourne. It’s caused some talking-head pontificators to declare that “there’s nothing happening in the Brisbane market”.
But individual parts of the Brisbane metropolitan area have performed better than the reported research suggests. Over the past 2-3 years, various precincts have recorded double-digit annual growth in median prices - but the growth has not been felt across the board, so the overall Brisbane growth figures have been quite small.
Hotspotting analysis of sales activity shows that the Brisbane metro area is one of the most active capital city markets in Australia and I expect good price growth in specific areas in 2017.
Brisbane has greater buoyancy in its markets than do Sydney and Melbourne, where sales activity fell markedly in 2016. But media continues to report distorted figures for price growth and auction clearance rates in the bigger cities, especially for Sydney, creating a misleading impression.
The notion that Sydney house prices are still growing at an annual rate of almost 20 percent is ludicrous but various media outlets keep stating it as fact, because one popular source says it’s so. Domain chief economist Andrew Wilson, on the hand, says comparing all Sydney sales in 2016 with all sales in 2015 gives an annual growth rate of just 4.4 percent, while the latest figure from the ABS is 3.3 percent and the Real Estate Institute of Australia says 3.4 percent.
Meanwhile, Brisbane chugs along, largely under the radar of national media – but not property investors who are smart enough to do their own research. A recent national survey found that Brisbane is the No.1 choice for property investors who plan to buy in 2017. Cheaper prices and much higher rental yields, compared to the two biggest cities, are strong attractions for nationally-focused investors.
Having just completed my latest analysis of sales data, I can confirm that the leading precinct for market activity is the Moreton Bay Region in Brisbane’s far north, where affordability, infrastructure and proximity to jobs nodes are key factors.
The Redcliffe Peninsula, which is part of the Moreton Bay Region LGA, has received particular impetus from the completion of the Moreton Bay Rail Link, a long-awaited piece of transport infrastructure. Some of the Peninsula suburbs have recorded double-digit growth in their median house prices in the past 12 months.
But while the Moreton Bay LGA leads, there is growth to be found in almost every segment of the Brisbane market. Some of the middle-market precincts both northside and southside, which appeared to have faded somewhat in 2016, have revitalised and there are numerous areas with growth momentum.
Logan City, the mirror image of Moreton Bay in the south of the Greater Brisbane Area, has been a market leader in the past two years. It appears to have faded a little but still has growth precincts and will continue to attract home-buyers and investors because of its cheap housing, excellent transport links and generally strong infrastructure.
Ipswich City, the south-western precinct with similar qualities to Logan City, is also rising and many suburbs are now delivering good price growth.
Redland Bay, which encompasses the bayside suburbs in Brisbane’s far east, is also now producing rising sales activity. It attracts buyers because of its affordable bayside lifestyle. It is increasingly emerging as an area of economic development and has good proximity to the Port of Brisbane and to Brisbane Airport, where there are major employment nodes.
Investors should continue to avoid the inner-city apartment markets. The CBD and near-city suburbs all have vacancy rates in the 5-7% range and these will increase as new high-rise projects are completed. Median apartment prices and median rentals are falling.
The latest Market Monitor from the REIQ shows that median apartment prices fell in all the inner-city markets last year including the CBD (down 4 percent), South Brisbane (down 7 percent), Fortitude Valley (down 5 percent), West End (down 5 percent) and Woolloongabba (down 7 percent).
There are also suburban precincts, particularly in the middle-ring areas, with above-average vacancies too, thanks to over-building of small-to-medium developments of units and townhouses.
But those cautions aside, the Brisbane metro area is a place of busy markets where growth will be found by investors in 2017. It presents as a good hunting ground for those disillusioned by the high prices in Sydney and parts of Melbourne.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/">hotspotting.com.au</a>. You can  <a href="mailto:%20%3Cscript%20type='text/javascript'%3E%20%3C!--%20var%20prefix%20=%20'ma'%20+%20'il'%20+%20'to';%20var%20path%20=%20'hr'%20+%20'ef'%20+%20'=';%20var%20addy38821%20=%20'ryder'%20+%20'@';%20addy38821%20=%20addy38821%20+%20'hotspotting'%20+%20'.'%20+%20'com'%20+%20'.'%20+%20'au';%20document.write('%3Ca%20'%20+%20path%20+%20'/''%20+%20prefix%20+%20':'%20+%20addy38821%20+%20'/'%3E');%20document.write(addy38821);%20document.write('%3C//a%3E');%20//--%3E/n%20%3C/script%3E%3Cscript%20type='text/javascript'%3E%20%3C!--%20document.write('%3Cspan%20style=/'display:%20none;/'%3E');%20//--%3E%20%3C/script%3EThis%20email%20address%20is%20being%20protected%20from%20spambots.%20You%20need%20JavaScript%20enabled%20to%20view%20it.%20%3Cscript%20type='text/javascript'%3E%20%3C!--%20document.write('%3C/');%20document.write('span%3E');%20//--%3E%20%3C/script%3E">email him</a> or follow him on <a href="https://twitter.com/hotspotting">Twitter.</a>
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terryryder-YECXbqmri2

Brisbane property market stronger than numbers suggest: Terry Ryder

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A three bedroom apartment styled by Newstead Interiors fronting the Brisbane River sold within a week.
The apartment, located on the podium level of Brisbane's Waters Edge, in the West End is sized 220sqm with a 62sqm wrap-around terrace and 13 metres of river frontage.
The residential development features a 25 metre heated infinity pool, barbecue terrace, gymnasium and private residents' lounge. 
Virginia De Luca, director of Newstead Interiors, says the apartment has been 'themed' to suit its surroundings.
"The Brisbane lifestyle is centred around the river, so we wanted to extend the apartment's connection to the river through the use of different colours, textures and materials," she said.
"The end result is an abode that is classic yet contemporary, with earthy tones throughout to match new Limed Oak American floors, enhanced by splashes of blue hues as a visual reminder that this apartment is framed by the water.
"The styling of the apartment was guided by how we imagined the new owner would want to experience their home, which led us to include soft touches like additional seating and throws to encourage 'rest and retreat' areas throughout the property.
"We have opted to keep the overall palette of the apartment neutral, light and fresh to allow the buyer to put their own stamp on the apartment."
Kim Pradella, director of developer Pradella said they wanted to redefine the concept of a riverfront home. 
"The apartment is elevated to ensure privacy and to provide spectacular 180 degree panoramic views across the river, while allowing residents direct private access to surrounding parklands, riverfront pathways and exclusive resort-style amenities.
"This apartment is truly one of a kind and it has been finished by Newstead Interiors to a standard befitting the final podium riverfront residence at Waters Edge."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/07/700_interior.jpg" alt=""> 
A second apartment (above) is now on the market.
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Rare Brisbane riverfront residence sold

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One of Brisbane’s last remaining ‘large format’ hotels, the Mansfield Tavern tenanted by Liquorland, has been listed for sale.
Located just 11 km from the Brisbane CBD, the Mansfield Tavern at 181 Wecker Road in Mansfield, is a popular venue incorporating a public bar, gaming room with 31 machines, entertainment space and detached function room/bistro. 
It sits on a 20,830 sqm land parcel.
CBRE Hotels’ Glenn Price, Paul Fraser and Daniel Dragicevich are selling the property via an expression of interest process.
Price said the property’s tenancy profile would attract strong buyer interest. The Mansfield Tavern and First Choice Liquor is leased to Wesfarmers subsidiary, Liquorland (Qld) Pty Ltd.
“In recent years, hotels leased to either Liquorland (Coles) or ALH (Woolworths) have been tightly held, with those that have come to the market being seen as prized assets by purchasers and subsequently strongly sought after,” Price said.
Mansfield Tavern has been leased to Liquorland for the past 20 years with a further five-year option available. Current rental income from the hotel is nearly $810,000 (excluding GST) with the freehold owner having the option to retain ownership of the gaming machines upon expiry of the lease.
Coles (Liquorland) is the country’s second largest hotel operator, with a portfolio of 98 hotels.
The suburb of Mansfield was originally developed as government housing estates, but has progressively been replaced by larger private residences in recent years.
These dwellings are overwhelmingly occupied by couple families largely because of nearby schools and higher education institutions.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/24/BRIS_HOT_Mansfield%20Tav.jpg" alt="">
“The Mansfield Tavern is a unique opportunity - not only due to the sheer scale of the site but also due to the term of the current lease," Price said.
Upon expiry of the lease, an investor could restructure a new lease, or for a hotelier, the opportunity offers the ability to run the hotel capitalising on the reversionary value of the business.
Dragicevich added that a “new hotel could be repositioned on the site, unlocking a large portion of the land which could then be developed into apartments, town houses, aged care or possibly retail uses subject to council approvals”.
 
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Tavern leased to Liquorland listed for sale in Brisbane's Mansfield

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Queensland is a significant step closer to having a world-leading health precinct at Brisbane’s Herston Quarter after Australian Unity today executed a series of agreements for the development.
The $1.1 billion Herston Quarter project is set to provide Queenslanders with access to state-of-the-art health, hospital and aged care services, as well as creating scope in the future for international standard research and educational facilities.
Health, wealth and living company Australian Unity will develop the precinct, which includes both public and private hospitals and residential options for retirees and those looking for aged care, and take an ongoing role in operating care services.
“This project embodies Australian Unity’s vision to create the social infrastructure people need, and we appreciate the Palaszczuk Government’s commitment to moving ahead with this important project for Brisbane and Queensland,” Australian Unity Group Managing Director Rohan Mead said.
“The exchange of contracts between Australian Unity and Metro North Hospital and Health Service for Herston Quarter is a vital step on the path to delivering stronger future health outcomes to Queenslanders,” Mr Mead said.
In August, the Palaszczuk Government announced Australian Unity as the preferred tenderer for the development of Herston Quarter after a rigorous selection process.
Located adjacent to the Royal Brisbane and Women’s Hospital in inner suburban Brisbane, the Herston Quarter is set to include a specialist rehabilitation and ambulatory care centre; a private hospital; residential aged care; retirement living and student accommodation; childcare; a co-working hub and education and training facilities.
“Australian Unity is a 177-year old member-based mutual organisation, so we can focus on longer-term projects such as Herston Quarter that deliver community value over time ahead of short-term shareholder returns,” Mr Mead said.
Australian Unity Chief Investment Officer David Bryant said the Herston Quarter as envisaged would bring together in one project much of Australian Unity’s broader business capacity.
“Herston Quarter will combine our experience in the construction of hospitals and the operation of ‘hard’ social infrastructure such as aged care and retirement villages with our expertise in the provision of ‘soft’ social infrastructure, such as our preventative health businesses, playing an integral part in the health research element of the project,” Mr Bryant said.
Mr Bryant said the overall project had a five to 10 year construction life, but would be completed in stages.
“The first building planned for construction is the public rehabilitation hospital, which we anticipate will be up and running by 2020,’’ Mr Bryant said.
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Australian Unity's Herston Quarter health precinct update

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The Brisbane Ice Cream Festival will be held in the historic Peter’s Ice Cream Factory on 11 March.
The Brisbane Ice Cream Festival, part of the $800 million West Village mixed-use development, will feature ice creams from Minus 32, Frozen Sunshine, Queen of Pops and Messina Gelato.
The historic factory building is one of two buildings that will be retained as part of developer Sekisui House’s masterplan for the West Village development.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/15/West%20Village%20V32_Common%20Wide_Final%202000.jpg" alt="">
The building has been an iconic West End landmark since its completion in December 1928.
The Peter’s factory once produced 10,000 gallons of ice cream per day.
 Andrew Thompson West Village project director said the Peter’s factory buildings will stand as an enduring reminder of the industrial past of West End, and the communities that were formed as a result.
“The masterplan for West Village has always focused on preserving and celebrating these historic structures and respecting their stories,” he said.
“We’re honouring an important piece of Brisbane’s history in this urban renewal project that will create a vibrant ground plane at West Village and add to the Boundary Street precinct, which is set to be the central retail hub of West End.
“It is a visionary re-imagining of these buildings that will create a bustling retail hub by combining lively green spaces and green eclectic laneways to bring a diverse new precinct to the beating heart of Brisbane.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/15/West%20Village%20V40_Common%20Far_Final%2020001.jpg" alt="">
“We want it to be fun for all ages and families, but we also want it to mean something to the many people who remember this historic landmark as it once was.
"It’s important to celebrate the evolution of the city’s history and its cultural heritage, and West Village will accomplish this through this revitalisation process.”
The Brisbane Ice Cream Festival starts from 11am on Saturday 11 March.
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Brisbane's West Village brings Peter’s ice-cream history back to life

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In a break from previous years’ advice, HTW is advising first home buyers in Brisbane to also be careful when buying well located second hand units, according to its February 2017 update.
The valuation firm says this type of stock in the Queensland capital usually offers an affordable option in a great location, and despite moderate capital gains, good tenant demand ensures mortgage servicing with little stress.
“There is, however, a very real oversupply risk looming for investor units in our city as new stock struggles to find demand,” the firms says.
“This is having a negative flow on to our traditionally solid second-hand unit market.
“If you buy investor-grade unit stock in particular – new or old – please tread with caution in 2017.” 
A two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-qld-brisbane+city-124514982" target="_blank">43/82 Boundary Street</a>, Brisbane City (above) has been listed for $659,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-brisbane+city-124529122" target="_blank">96/26 Felix Street</a>, Brisbane City (below) has been listed for over $535,000.
<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/2017/02/20/96_26%20Felix%20Street.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

HTW warns Brisbane first time buyers against second hand units

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Brisbane’s housing market continues to record a sustainable record of gains as house values rises, but unit values have declined, according to CoreLogic’s latest video.
For more information click <a href="https://www.corelogic.com.au/housing-update/#indices-brisbane" target="_blank">here</a> to see the video.
{qtube vid:=-__aEo1b58s}
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Brisbane house values continue to grow: CoreLogic video update

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Springfield Tower, located at 145 Sinnathamby Boulevard, has been sold in a deal negotiated by JLL’s Christian Sandstrom and Sam Byrne.
JLL sought expressions of interest over a five-week period for the property on behalf of PPB Advisory as appointed receivers.
Located in Springfield Central, Springfield Tower is an impressive ten-storey office building providing large rectangular floor plates which enjoy an abundance of natural light and views over the greater Springfield CBD.
Constructed in 2008 by leading Queensland builder Hutchinson Builders the property provides 9,459sqm (NLA) of office and retail space and is regarded as the most prominent office building in the greater precinct.
<img src="https://www.urban.com.au/images/2017/02/17/main2345.jpeg" alt="">
The asset provides a 50 percent leased building with scope for significant income uplift, with major tenants including: Springfield Land Corporation, The Salvation Army, Department of Housing and Public Works and Northrop Grumman.
“The landmark is ideally situated in the heart of Springfield Central close to the Orion Shopping Centre.
It is within walking distance to the new $1.2 billion rail linking Springfield to all major stations to the Brisbane CBD.
This has had significant impetus to attracting new businesses to the area, especially as it continues to grow,” said Christian Sandstrom.
“The Greater Springfield community is nearing 13 percent completion with over $11.7 billion invested in the project to date; which is estimated to grow to $85 billion by project end.
"Since the commencement of this project, we have noticed a significant increase in the amount of new capital sources looking to capitalise on Springfield’s rapid growth” said Sandstrom
<img src="https://www.urban.com.au/images/2017/02/17/press%20ad%202%20image.jpeg" alt="">
“Throughout the sale campaign, we fielded interest from a broad range of domestic and off-shore groups that saw potential to unlock the property’s true value through a refreshed leasing strategy,” said Sam Byrne.
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Brisbane's Springfield Tower 10 storey iconic tower sold

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Brisbane’s office market has crossed the low point in the cycle and is starting to show signs of a recovery, according to the latest office market report by Cushman &amp; Wakefield.
Queensland’s economic growth suggests tenant demand should continue to gather momentum, in spite of the fact that H2 2016 net absorption is estimated to be lower than the surprise H1 2016 result, the commercial real estate firm adds in its Q4 office market outlook.
Brisbane saw 190,000 sqm of new supply in 2016. Most recently 1 William Street (75,000 sqm) was completed in Q4, which is fully occupied by the Queensland government and largely represents the end of the current supply cycle with only the refurbished 310 Ann Street (18,400 sqm) scheduled for 2017. 
<a href="https://www.propertyobserver.com.au/images/2017/01/11/Q4BrisbaneEffectiveRent.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/11/Q4BrisbaneEffectiveRent.png" alt="">
<a href="https://www.propertyobserver.com.au/images/2017/01/11/Q4Brisbane-NetAbsorption.png" target="_blank">Click to enlarge </a>
<img src="https://www.urban.com.au/images/2017/01/11/Q4Brisbane-NetAbsorption.png" alt="">
There will be stock withdrawals of nearly 130,000 sim in 2017 leading to net-negative supply of 112,000 sqm over the year, says the report. In line with this, prime gross effective office rents are trending sideways. Following a 5.2 percent decline in 2015, rent decline moderated to 0.8 percent in 2016. 
Cushman &amp; Wakefield says its base case scenario of a U-shaped recovery in Brisbane looks set to continue, a view further bolstered by the results in its “Office leasing trends and outlook” survey in which respondents expected vacancy to decline to 14 percent over the next year. 
<a href="https://www.propertyobserver.com.au/images/2017/01/11/Q4Brisbane-KeyDeals.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/01/11/Q4Brisbane-KeyDeals.png" alt=""> <img src="https://www.urban.com.au/images/2017/01/11/Q4BrisbaneProjects.png" alt="">
Improvements to Queensland’s State Final Demand and strengthening commodity pricing provides upside potential for tenant demand. Queensland’s State Final Demand rose a modest 0.1 percent in the quarter ended September. “However, given the high level of vacancy, the market will continue to favour tenants over the near-term,” the outlook concludes. 
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