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 Mary Lane is a new development integrating a five-star hotel with a collection of luxury residences in the heart of the city.
Mary Lane incorporates the internationally acclaimed five-star hotel, Westin.
It will be a collection of one, two and three bedroom residences and a limited amount of penthouses atop Brisbane’s first Westin Hotel.
Mary Lane Development Manager, Ian Pert, of GMP Management, says that Mary Lane will add a new dimension to the Brisbane CBD living experience.
“While the fusion of five-star hotels and luxury residences has been a successful concept in international cities such as Singapore, Hong Kong and New York, the concept is relatively new in Australia.
“The project will provide an exclusive and ultimate city living experience for Mary Lane residents. Westin guests and residents will have a choice of bars and restaurants fronting Mary Street in an open and green fringed podium.”
Marketed by Colliers International, Mary Lane was the highest selling residential development in the Brisbane CBD for the first quarter of 2016.
Colliers International Director, Andrew Roubicek, says Mary Lane offers a luxurious and quiet city address that provides an easy transition between work and play as well as the ease of a ‘lock and leave’ lifestyle.
Designed by global architecture and consulting firm, Woods Bagot, each residence is embellished with synonymous designer features desired by “next generation” city buyers.
“Woods Bagot created Mary Lane with the amenities on the rooftop skydeck featuring an infinity pool, cardio gym, fully equipped functions room and views across Brisbane.
Residents will also have a separate lobby, secure lift access and access to Westin’s illustrious concierge and hotel amenities on a fee-for-service basis.
One, two and three bedroom residences starting from level 17 are now selling from $460,000.
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j.ballantyne1990-6AQqhLzZaK

Mary Lane, Brisbane's 5-star apartments above the Westin Hotel

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At a time when vacancy rates are down nationally, suggesting the market is still tight, some units in inner-city suburbs of Brisbane are finding it difficult to find a buyer, according to SQM Research.
Apartments at 1-4/42 Le Geyt Street in Windsor in Brisbane hit the market in January this year with an asking price of between $498,000 and $525,000.
Yet, even in August, four remain unsold, and the vendor has dropped prices by more than $50,000, says SQM Research. 
The apartments were completed in June 2016. The two bedroom, two bathroom apartments with parking are touted as perfect for investors, “with above average rental return, excellent depreciation” and grant benefits from a brand new building.
The complex is only 3.5 km north of the Brisbane CBD and within walking distance to the Royal Woman's and Children's Hospital.  
Like other inner-city areas in Brisbane, the area has attracted a relatively young population. According to the 2011 Census, the median age of the population in the 4030 postcode, which includes Windsor, was 34 years, four below the Queensland median. 
But investors will need to watch out for the high vacancy rate in the postcode, sitting at a relatively high 3.9%, according to <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=846d6b3b78&amp;e=0aab96dc54" target="_blank">SQM Research data</a>. 
Reflecting that, <a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=2a83f13e8d&amp;e=0aab96dc54">asking rents</a> for units in the area have been dropping. This is something interested buyers would need to assess.  Downward pressure on rents may depress property values - and indeed, <a href="https://sqmresearch.us5.list-manage2.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=8702d0425d&amp;e=0aab96dc54">asking prices for units</a> in 4030 have eased back this year.
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jonathanchancellor-7SQnKwU6yx

Brisbane's apartment price dips by $50,000: SQM Research

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Sales rates for new apartments within inner Brisbane experienced a slight decline in the June quarter according to the latest residential apartment market report by Urbis.
Paul Riga, associate director at Urbis said this has been on the back of political and regulatory distractions, however the outcome is that supply of new developments coming to the market – the future pipeline of apartment product has started to self-regulate. 
“Primary factors driving the slowing supply of product are increasing construction costs, high development site acquisition costs, a competitive pricing market, and added costs required to give developments a point of difference," he said.
“These factors have culminated with tightening developer finance across the Inner Brisbane residential market. The positive from this slowdown in future supply is that it will allow product under construction to absorb into the rental market without an ongoing flow of high levels of new apartment supply. 
“The vacancy rate was at 0.6 percent in March quarter 2016, with over 2,350 new and near-new apartments being surveyed across the inner Brisbane.
 “This indicates a significantly tighter rental market when compared to the total inner Brisbane rental market, which recorded a 3.3 per cent vacancy rate for houses and units according to the Real Estate Institute of Queensland (REIQ)."
</div>
<div align="justify">Brisbane CBD luxury apartments priced over $1 million have experienced an average capital gain of $207,241 according to Colliers International, with 29 apartments sold in the last 12 months at an average sale price of $1,515,172.  </div>
<div align="justify">
Lily O’Connell, residential project manager at Colliers International said the sales volumes may seem light on, it does indicate that there are not many options in the CBD that suit purchasers with a budget of over $1 million, creating competition in a limited market place.
“As reported by Urbis, there were only four new developments within the CBD over the June quarter, with only two additional projects expected to enter the market in the next six months.
“Due to the demand for quality product within the CBD, Mary Lane’s three bedroom residences are proving very popular, particularly with owner occupiers. 
“These north facing residences are selling for an average of $1.49m and feature 2.7m high ceilings, exclusive on-floor storage and expansive glazing with views to the Story Bridge and Brisbane River. 
“Mary Lane residents can also enjoy hotel services offered by The Westin Brisbane such as in-room dining, maid service, use of hotel spa, bar and restaurants,” said Ms O’Connell.
 
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Inner Brisbane apartment sales slow in June quarter

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Paddington takes the top spot on a new list of Brisbane's 2016/2017 hotspot for investing in units, developed by APM senior economist, Dr Andrew Wilson.
The median unit price at Paddington is $562,500 with an expected increase of 4% over the next 12 months, according to APM's forecast.
An example would be a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-qld-paddington-121593326" target="_blank">3/43 Fernberg Road</a> (above) that was sold for $595,000 – $32,500 above the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Lutwyche as one of several suburbs in the second rung of best hotspots.
Suburb               Postcode            Median price         12 month forecast
Paddington         4064                  $562,500                           4%
Lutwyche           4030                  $481,000                           3%
Kedron              4031                   $455,000                          3%
Holland Park      4121                   $486,000                          3%
Windsor            4030                   $470,000                          3%
Sherwood          4075                   $450,000                         3%
Bellara              4507                   $285,000                          2%
Wooloowin        4030                   $470,000                          2%
Hawthorne        4171                   $559,500                          2%
Gaythorne        4051                    $441,500                         2%
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Paddington tops list of Brisbane unit hotspots

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Aura Australia has purchased three hectares of land in Brisbane's south-west suburb of Corinda to develop the $130 million Kingsford Terrace retirement living village, due for completion in 2021.
The current Kingsford Terrace retirement village project will be expanded from 34 to 250 architecturally designed, purpose-built one-, two- and three-bedroom independent living units (ILUs).   Blue Sky Private Real Estate will develop the project, which Aura will operate.
Aura is headed by former chief executive officer of Retire Australia, Tim Russell.
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Aura Australia's Brisbane retirement village development expands

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Grange takes the equal top spot as Brisbane's 2016/2017 hotspot for investing in houses with an expected increase of five percent over the next 12 months.
The median price at Grange is currently $820,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
<img src="/images/2016/09/22/97%20Lanham%20Ave.jpg" alt="">
An example would be a five bedroom house currently being sold for over $899,000 at <a href="https://www.realestate.com.au/property-house-qld-grange-123366554" target="_blank">97 Lanham Ave</a>, (above) which is $79,000 above the median price.
<img src="/images/2016/09/23/45%20Sellheim%20Street.jpg" alt="">
Similarly a five bedroom house was sold for $870,000 at <a href="https://www.realestate.com.au/sold/property-house-qld-grange-119240459" target="_blank">45 Sellheim Street</a>, (above) which is $50,000 above the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Manly as equal best hotspot.
Suburb              Postcode            Median price            12 month forecast
Grange              4051                  $820,000                   5%
Manly               4179                   $780,000                   5%
Marburg           4346                    $400,000                   4%
Macgregor        4109                    $760,000                   4%
Bulimba           4171                     $1,100,000                3%
Hawthorne       4171                     $1,050,000                3%
South Brisbane 4101                     $950,000                   3%
New Farm        4005                     $1,295,000                3%
West End         4101                     $990,500                   3%
Tennyson         4105                     $725,999                   3%
 
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Grange tops list of 2017 Brisbane property hotspots

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Perth-based syndicate Kerching Capital has purchased its third IGA-anchored shopping centre in Queensland for nearly $10.4 million as it continues to look east to grow its footprint in the retail investment market.
The property investment group signed the sale contract on Sandstone Village – a neighbourhood shopping centre located in the Brisbane suburb of Sandstone Point. The sale reflects a yield of nearly seven percent.
The Sandstone Village deal follows the nearly $20 million deal for Calliope Shopping Centre in 2015 for Kerching Capital.   
The centre has a net lettable area of 2,289 sqm and is anchored by a Supa IGA, medical practice and other retailers including BWS. 
CBRE’s Nick Willis and Michael Hedger transacted on behalf of Properties and Pathways. 
The decision to sell was in line with Properties and Pathways’ growth strategy, said Willis and highlighted the growing momentum in the interstate market, with more investors opting to search outside their geographic boundaries for opportunities. 
“Liquidity for interstate retail investment transactions is becoming increasingly prevalent as investors search further for suitable opportunities and the market continues to strengthen,” Willis said. 
Properties &amp; Pathways’ Director Cal Doggett said the sale achieved a fantastic result for its investors and also supported the company’s longer-term growth strategy. 
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Perth’s Kerching Capital buys shopping centre in Brisbane for $10.4 million

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A mixed-use apartment project in the Brisbane suburb of Upper Mount Gravatt was launched to the market this month and is being exclusively marketed by Savills Residential Projects.
The $96 million development, Avion Residences (<a href="https://www.avionresidences.com.au" target="_blank">www.avionresidences.com.au</a>), will have twin 15-level towers linked by a sky bridge.
The development’s 174 apartments come as either two- or three-bedroom units priced from $449,000. Apartments range in size from 81sqm to 160sqm.
There are two sub penthouses as well. Shared spaces include a swimming pool, outdoor cinema, private dining room, relaxation zones and a barbecue area.
The retail area will include a shared two-level commercial podium and shops. 
It is the first Brisbane venture for Raykong Property, which gained development approval for Avion Residences in July. 
Project manager Michael Sutherland of PDS Group said the public launch of Avion Residences was timed to meet the growing need for quality residential apartments in Upper Mount Gravatt.
“Avion Residences will play its part in the gentrification of Upper Mount Gravatt which, as a suburb, figures strongly in the Queensland Government’s CBD decentralisation strategy.”
The project is located on Cremin Street, close to Griffith University’s Mount Gravatt and Nathan campuses, the M1 and South East Busway.
“Avion Residences is tapping into the strong demand for apartments in the area,” he said.
Savills Residential Projects state director Peter Neale said the early buyer interest in Avion Residences had surpassed expectations.
“People are drawn to the project’s proximity to amenities, universities and public transport options,” he said, adding that expected buyers would be a mix of owner-occupiers and investors looking for strong growth and yields.
“Because of the location and style of the building, investors are seeing capital growth potential and strong rental yields from young executives living in the area,” he said.
“We anticipate however, that owner occupiers will account for 60 per cent of our apartment buyers because the sheer size of these residences means they don’t have to compromise on space when downsizing.”
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Twin-tower apartment project in Brisbane's Upper Mt Gravatt launched

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The first residents have started moving into Radius Apartments in Brisbane’s Woolloongabba, with the newly completed development also starting to operate as serviced accommodation.
The mixed-use project by Majella Property Developments at 44 O’Keefe Street comprises 91 apartments with a mix of 35 one-bedroom and 56 two-bedroom units. It is also being operated by Oaks Hotels &amp; Resorts as Oaks Woolloongabba.
Majella chief executive officer Sebastian Monsour said the larger size of the apartments and the overall quality appealed to buyers.
“On average, the apartments are larger than those in other new residential developments selling for similar prices within Brisbane city and fringe suburbs. This has proven very popular with potential buyers as they consider it better value for money,” Monsour said.
The one-bedroom apartments range in size from 79 sqm to 98 sqm, while two-bedroom apartments ranging from 99 sqm to 133 sqm. Apartment pricing ranged from $357,000 to $569,000.
Two commercial tenancies have also sold in the commercial space.
Majella Group founder Professor Frank Monsour said, “Brisbane City Council’s Urban Renewal Brisbane program has ensured that Woolloongabba has undergone unprecedented revitalisation.”
The launch of Oaks Woolloongabba was the tenth Brisbane property for Oaks Hotels &amp; Resorts with a room inventory of more than 1,400 rooms.
Radius was constructed by Queensland’s Tomkins Commercial &amp; Industrial Builders.
<img src="/images/2016/09/19/WOLRooftop.jpg" alt="" width="749" height="499">
The complex is built on Woolloongabba’s highest point at 44 O’Keefe Street and offers views of the city.
Designed by Elizabeth Anderson of Hayes Anderson Lynch Architects, Radius Apartments features a rooftop sky deck with city views, a 20-metre swimming pool, gardens and barbecue facilities.
Majella Property Developments will soon be lodging its development application for the proposed redevelopment of the heritage-listed Broadway Hotel site at Woolloongabba featuring 280 apartments and a three-level commercial and retail podium.
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New apartment project in Brisbane's Woolloongabba welcomes first residents

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Brisbane’s new apartment market continues to self-regulate with both demand and supply dropping away in the June quarter, according to new research released today by property consultants, Urbis.
The latest Urbis Brisbane Apartment Essentials found, on the back of Brisbane’s first apartment boom, developers had hit the pause button on some developments slowing the supply of new apartments to the market.
The report also recorded 810 new apartment sales in the June quarter - the third consecutive quarter of decline and the lowest volume since early 2014.
Urbis Associate Director Paul Riga said the decline in the total sales was expected but the launch of fewer projects had resulted in a market where supply and demand were still within reach of each other.
“We are seeing the market continue to self-regulate, returning to a more sustainable level of activity and giving the market time to absorb the current stock available,” Mr Riga said.
“Essentially the sales are still there but they are much harder to achieve for developers.”
The report advised the contraction in the market was felt right across the Inner Brisbane precinct
It forecast sales volumes around the 800 mark were likely in the next two to three quarters.
“Many of the monitored projects have moved into the construction phase, winding down the level of sales and marketing,” he said.
“In addition, we now have a savvier, more discerning level of investor operating in the market”.
Some 25 new projects are expected to launch between July and December 2016, bringing a potential 2,850 new apartments to the market.
“This is around half the level of supply brought to market at the same time last year,” he said.
The Brisbane Apartment Essentials report also found sales prices had also been steadily decreasing since the end of last year – particularly with two-bedroom product.
“The decline in the median sales price has been largely driven by product availability, with a larger proportion of transactions occurring in more affordable Inner Brisbane precincts,” he said.
Mr Riga said there had been an increase in the proportion of sales in Brisbane’s inner-city for one-bedroom apartments with one-carpark, making up 34 percent of total sales.
However he said the staple configuration remained the two-bedroom, two-bathroom apartment, which represented 50 percent of total sales.
Data from the report showed 162 projects were selling off the plan, with approximately 70 percent of these currently under construction or completed.
“We are now moving firmly into the delivery phase of Inner Brisbane’s first major apartment boom, so the focus is increasingly turning towards the rental potential of these apartments,” Mr Riga said.
“It will be a competitive market and we are progressively going to see a ‘flight to quality’ – with tenants looking for projects that offer value, connectivity, lifestyle amenity and a point of difference.”
The Brisbane Apartment Essentials Report found:
 810 sales were recorded in the June quarter - the lowest volume since early 2014.
 The weighted average sales price for the June quarter was $578,580. This was a decrease of $17,084 since the March quarter. The weighted average sales price has been steadily decreasing since the December 2015 quarter.
 Higher proportion of two-bedroom apartments selling at a lower price point and higher levels of one-bedroom stock selling.
 One-bedroom, one-car product made up 34 percent of sales compared to 27 percent in March 2016 quarter.
 Reduced apartment launches (and subsequent sales) in the quarter.
 There were 32 percent fewer apartments launched to the market compared to the previous quarter.
 Low and mid-rise projects registered 45 percent of total sales in the June 2016 quarter, compared to only 17 percent of sales in the March quarter 2016.
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