Abadeen has released the whole-floor penthouse crowning its recently completed <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences</a> development in Cremorne, bringing the near-300 sqm residence to market for the first time.

Occupying the entire top floor of the boutique Lower North Shore development, the penthouse includes 221 sqm of internal living and a 74 sqm wraparound terrace, with a prized north-facing aspect taking in views across Middle Harbour.

The residence has been completed and fully furnished following a collaboration between Abadeen Executive Chairman Justin Brown and internationally recognised interior designer Jack Freeman, Founder and Managing Director of FREEMAN &amp; CO.

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and Freeman approached the penthouse as a finished home, sourcing furniture, artwork, lighting and objects from Australia and overseas.

&nbsp;

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

&nbsp;

[smartcode_project:default project_id=114246 project_image_fid=378713]

A secure lift provides exclusive access to the penthouse level, opening to a dedicated arrival foyer and dining area before the residence expands into its main living and entertaining spaces.

Floor-to-ceiling glazing runs across the northern side of the home, connecting the interiors with the terrace and Middle Harbour outlook.

The penthouse also features a fireplace and substantial chef's kitchen, while the wraparound terrace has been designed to accommodate both everyday outdoor living and larger-scale entertaining.

[smartcode_project:default project_id=114246 project_image_fid=378720]

Freeman said the interiors had been deliberately kept restrained to complement the scale, natural light and outlook already established by the architecture.

"The penthouse is a serene study in quiet luxury," Freeman said.

"The interior pairs soft, sculptural forms with warm timber, pale stone and a restrained neutral palette. Curated artwork and metallic accents add depth, while abundant natural light creates a calm, effortlessly refined atmosphere. In my world, less is always more."

Freeman said the approach was centred around collecting individual pieces rather than simply decorating the apartment.

"Every material, every object and every piece of furniture has been curated with intention. I am a true believer in collecting versus decorating.

"The architecture already provided extraordinary natural light, remarkable volume and an uninterrupted connection to Middle Harbour. Our role was to complement those qualities with unique one-of-a-kind pieces of fine art and collectible design sourced from recent travels around the world."

[smartcode_project:default project_id=114246 project_image_fid=378694]

Among the collection are solid bronze sculptures by Lorenzo Quinn, alongside a curated crystalware collection and pieces sourced from international design fairs.

Park Residences sits opposite Cammeray Golf Club, Cammeray Croquet Club and Grand Slam Tennis Cammeray, around 300 metres from Neutral Bay Village and its established collection of restaurants, cafés and retail.

Brown said the combination of a whole-floor floorplan, northern aspect and proximity to Neutral Bay was becoming increasingly difficult to find on the Lower North Shore.

"Completed whole-floor penthouses with a sun-drenched north-facing aspect and sweeping Middle Harbour views are exceptionally rare," Brown said.

"Add a quiet position opposite golf, croquet and tennis facilities, a level walk to Neutral Bay Village and only minutes to the CBD, and you have a lifestyle that's incredibly difficult to replicate.

"This is a home that offers the privacy and generosity of a luxury residence together with the convenience of one of Sydney's best-connected harbourside locations."

The penthouse will be exclusively marketed by SRM Residential.

[smartcode_project_cta:default project_id=114246]

Joel Robinson

Abadeen unveils signature penthouse at Park Residences in Cremorne

New Brisbane developer Dalcott has unveiled Marrone, the first of three residential projects it is planning in and around Browning Street in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/marrone-south-brisbane-39-browning-street-south-brisbane-qld-4101">Marrone</a> will comprise 97 predominantly two- and three-bedroom apartments, with larger residences aimed squarely at the owner-occupier market.

The project will sit in a quiet pocket of South Brisbane between South Bank and West End, close to the restaurants, cultural attractions and riverfront amenity that have driven the suburb's continued transformation.

Dalcott is targeting buyers looking for more space and amenity than has traditionally been offered in the inner-city apartment market, particularly downsizers and professionals wanting to remain close to the city.

[smartcode_project:default project_id=149951 project_image_fid=377072]

Resident facilities will be concentrated around an extensive rooftop amenity offering, including a swimming pool, spa, infrared sauna, warm and cold magnesium plunge pools, private lounge, dining room and outdoor entertaining areas.

Dalcott Managing Director Lachlan Cottee said South Brisbane's combination of lifestyle, connectivity and established character had been central to the approach to Marrone.

“South Brisbane offers a combination of lifestyle, connectivity and character that’s difficult to replicate elsewhere in Brisbane,” Cottee said.

“Our focus has been on creating homes that feel connected to that environment while providing the level of design, functionality and quality that today's owner-occupiers expect.”

The residences will feature an expressive material palette. Italian Calacatta Viola marble, known for its deep burgundy veining, will be paired with aged brass tapware, Chestnut engineered timber flooring and Tuscan Oak joinery.

<img alt="Marrone" data-entity-type="file" data-entity-uuid="b8d833da-3b30-496a-ae30-07bdff371b50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.35%E2%80%AFAM.png?VersionId=P6DAgOfaQzIXljKKK5j3e5NhWtrHIu9G" />

Bathrooms will feature Nara Japanese ceramics and glass bricks, while clay, walnut and brass lighting will be used throughout the apartments.

Dalcott has appointed Realm Projects, led by Managing Director Shane Foley, to handle sales and marketing following previous sold-out collaborations between the groups.

Foley said the Brisbane apartment buyer had become increasingly focused on the quality of the home itself rather than simply securing an inner-city address.

“We expect to see strong demand from buyers who still want all the advantages of inner-city living but aren’t prepared to compromise on the quality of their home,” Foley said.

“Many will be downsizers looking to leave behind the maintenance of a traditional family home without giving up the space they enjoy, while others are likely to be professionals wanting a residence that reflects the way they live today.”

“Marrone responds directly to that demand, with generous floorplans, exceptional resident amenity and a location that places some of Brisbane’s best dining, entertainment and cultural attractions within walking distance.”

<img alt="Marrone" data-entity-type="file" data-entity-uuid="61f7b22f-899e-4c0f-940a-7d3ab1bfb93a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%2010.52.44%E2%80%AFAM.png?VersionId=PvN1JYxBgUpyCB7efKo52WGdSDs9nmim" />

Marrone will be the first project delivered as part of Dalcott's broader investment in the precinct.

It will be followed by La Terra, a boutique project comprising penthouse-style, single-level apartments on a northeast corner site with extensive resident amenity and city views.

Cottee said Marrone represented the first stage of the group's longer-term plans for the area.

Dalcott was established in 2025 by Lachlan Cottee and Ben Dalgliesh, combining development and construction capability under an integrated model and focusing on architecturally considered residential projects.

Marrone will initially be offered through a pre-release registration campaign ahead of its broader public launch.

Dalcott targets owner-occupiers with South Brisbane debut Marrone

Parnell Developments is the latest to seek significant uplift through the NSW Government's Housing Delivery Authority on a Strathfield site previously approved for a much smaller apartment development.

Parnell has sought approval for a 32-storey mixed use tower across&nbsp;<a href="https://www.apartments.com.au/new-apartments/7-lyons-street-strathfield-nsw-2135">3-7 Lyons Street and 18 Parnell Street</a>, a&nbsp;1,857 sqm site around 400 metres from Strathfield Station. The building would yield 160 apartments, 15 per cent of which will be dedicated affordable as per the government mandate for buildings seeking additional uplift.

Approved previously was a nine-storey building back in 2022 with just over 30 apartments. That approval came prior to the project being&nbsp;progressively reconsidered as planning policy shifted toward greater density around transport hubs.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="c5af5281-a643-4eb2-b8c4-0081b59c04c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.16.48%E2%80%AFAM.png?VersionId=37bd3mI7rHNpThOV_75VO8xsGFwWOi1u" />

Turner has designed the latest building that would replace&nbsp;existing detached homes across the four lots.

The apartment mix comprises 22 one-bedroom apartments, 107 two-bedroom and two-bedroom-plus configurations, and 31 apartments with three or more bedrooms. The scheme also includes 203 car spaces across six basement levels and 58 bicycle spaces.

The proposal has been designed around a three-storey podium addressing Lyons Street, with the tower rising above and stepping toward its upper levels.

Turner said the podium was deliberately scaled to respond to the existing street, while the taller element has been designed as part of the emerging skyline anticipated around Strathfield Town Centre and the wider Homebush transport-oriented development precinct.

The Lyons Street frontage would have a more active, pedestrian-focused character, incorporating the commercial tenancy, landscaping and a brick-framed podium with an awning.

<img alt="Strathfield" data-entity-type="file" data-entity-uuid="14b20874-b8c3-4ac7-bc03-92be9a69fb78" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.48%E2%80%AFAM.png?VersionId=av.9TxtqIRTC6v3PkSuu1rL9rreWoe2h" />

Parnell Street, which faces the railway corridor, has been given a different architectural treatment, with double-height breeze blocks, landscaping and communal areas used to soften the interface with the rail infrastructure.

The tower itself uses curved and recessed facade elements, with wave-like indentations across the northern elevation breaking the building into three vertical forms.

A palette of grey concrete, brick and breeze blocks is complemented by clay and terracotta accents, while the upper tower adopts a lighter expression through articulated slab edges, vertical fins and recessed glazing.

Residents would have access to 467 sqm of communal open space spread across three levels. The ground floor would accommodate the more active resident areas, including barbecue and group gathering spaces and an internal communal room capable of being used for working from home.

A more passive viewing deck is proposed at level three, overlooking the ground-level landscaping and neighbouring tennis courts, while a rooftop "sunset deck" at level 30 would provide another social and relaxation space.

<img alt="Parnell" data-entity-type="file" data-entity-uuid="c3dce401-a80f-4682-8471-4caa01180880" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%209.17.34%E2%80%AFAM.png?VersionId=Xyo8JVqbOhSJXNy6Ih.1cHL.O6i0bGR." />

&nbsp;

&nbsp;

&nbsp;

Strathfield has been earmarked for substantial change through the Strathfield Town Centre planning work and the nearby Homebush TOD precinct.

Turner's report says the project has been designed to act as a transition between the existing low and mid-rise development surrounding the site and the taller built form expected to emerge across the town centre.

The proposal is being assessed as State Significant Development under the HDA pathway, alongside the concurrent request to amend the Burwood Local Environmental Plan.

First look: New apartment tower pitched for Strathfield Town Centre precinct

An $18 million penthouse has hit the market in Main Beach as construction tops out on La Mer, the $155 million apartment development rising just metres from the beach.

Spanning around 600 sqm across the top two levels of the 29-storey tower on Main Beach Parade, the four-bedroom penthouse is one of the latest eight-figure residences to test the upper end of the Gold Coast apartment market.

Its launch comes amid continued activity at the very top of the market, following the $30 million off-the-plan sale of a Burleigh Heads penthouse earlier this year, which surpassed the Gold Coast's previous $24 million apartment record set in 2023.

The <a href="https://www.apartments.com.au/new-apartments/la-mer-main-beach-3580-main-beach-parade-main-beach-qld-4217">La Mer penthouse</a> has been designed as a private residence in the sky, with 360-degree views spanning the ocean, Broadwater, hinterland and Gold Coast skyline.

[smartcode_project:default project_id=95606 project_image_fid=378731]

All four bedrooms have ensuites, while the ocean-facing master retreat occupies around half of the upper level and includes its own lounge, private balcony, two walk-in wardrobes and an oversized ensuite with a freestanding stone bath positioned to take in the views.

The residence also features a kitchen designed to accommodate a private chef, a 3.6-metre island bench, expansive butler's pantry, wine cellar and integrated bar.

[smartcode_project:default project_id=95606 project_image_fid=378732]

A rooftop pool and substantial outdoor entertaining area with its own kitchen sit above the residence, while a grand staircase connects the two internal levels. The penthouse also has its own express lift.

OTP Group Director James Elliott, who is marketing La Mer, said the penthouse was expected to appeal to high-net-worth buyers seeking either a permanent Main Beach residence or Gold Coast holiday home.

“The La Mer penthouse represents exceptional value, considering its quality design, size, privacy and location, not to mention the 360-degree views capturing the beach and Gold Coast Broadwater,” Elliott said.

“We’re anticipating interest from high-net-worth individuals and couples seeking a residence or holiday home in the sought-after village enclave of Main Beach, taking advantage of the unprecedented growth underway in the area and neighbouring The Spit.”

[smartcode_project:default project_id=95606 project_image_fid=378736]

La Mer is being developed by developer-builder ODUS and Nazero, in partnership with funder Metrics Credit Partners.

ODUS Director Byron Sakha said topping out the tower had provided the opportunity to release the project's most significant residence.

“We’ve worked with internationally-recognised studio Sici Design on the penthouse interiors, with a focus on ensuring it isn’t luxury for luxury’s sake. Every element has been thoughtfully designed to enhance quality of life for those who call it home,” Sakha said.

“The views are the hero of virtually every space, but we’ve given equal attention to the fittings and finishes, so every detail exudes elegance and refinement.”

Sici Design Founder and Director Maria Papadopoulos said the extensive views became an integral part of the interior design rather than simply something the residence was designed around.

“The views weren't something we designed around, they became part of the design itself, with the true luxury of La Mer in its feeling of peace, calm and wellbeing,” Papadopoulos said.

“Luxury isn't defined by how something looks, but how it makes you feel, and we believe a luxurious home should be beautiful to live in, not stressful to maintain.”

The interiors combine Austral Dream Dolomite natural stone and travertine with timber flooring and a restrained coastal palette.

[smartcode_project:default project_id=95606 project_image_fid=378734]

Designed by Plus Studio, La Mer is one of the more boutique additions to the rapidly changing Main Beach apartment market.

The tower comprises just 24 full-floor, three-bedroom plus multipurpose room apartments below the two-level penthouse, giving the project a considerably lower density than many of the larger towers being developed across the Gold Coast.

Residents will have access to a pool and spa, gym, sauna, barbecue facilities, private sun lounges, yoga lawn and outdoor beach shower.

The penthouse has been released as part of the final collection of residences at La Mer, with remaining apartments priced from $4.3 million.

Construction is expected to complete later this year, with a fully furnished display apartment now open on level four.

[smartcode_project_cta:default project_id=95606]

ODUS releases $18 million penthouse crowning La Mer Main Beach

<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

Brisbane

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Real estate investment management firm Qualitas will become an equity investor in Manhattan Terraces, an $80 million dollar medium-density development by Urban Construct, in Brisbane's West End.
Manhattan Terraces will feature 80 terraces will have their own titles, high-end fixtures and private rooftop retreats. 
The deal will see Qualitas invest $15 million as an equity partner, with the investment being allocated to its $200 million Opportunity Fund. 
Tim Johansen, managing director of Real Estate Finance at Qualitas said 78 of 80 terraces are already sold. 
“We expected the development to be popular with locals looking to downsize and young families who want more than an apartment, but still want to be close to the city," he said.
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jonathanchancellor-7SQnKwU6yx

Qualitas invests in Brisbane West End terrace development

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The latest research from Brisbane South Cityscope shows property sale numbers have remained level over the last three months.
The last three months to the end of August 2016 recorded 13 sales for a total of over $90.1 million; with $77.8 million for commercial, $1.1 million for commercial strata, $3.2 million retail strata and $8 million for other.
In comparison, the three months to the end of May 2016 recorded 13 sales for a total of over $44.6 million; with $21.5 million for commercial, $900,000 for commercial strata, $2.4 million retail, $1.3 million for retail strata and $18.5 million for other. 
The 12 months leading up to the end of August 2016 recorded 48 sales for a total of over $320 million, over $189.5 million lower than the recorded figure for the same time period the year before.
The table below shows sales recorded for the past eight updates of Brisbane South Cityscope:
<a href="/images/2016/09/09/CoreLogicBrisbane.png" target="_blank"> Click to enlarge</a><img src="/images/2016/09/09/CoreLogicBrisbane.png" alt="">
The top three most significant sales, all in South Brisbane, recorded this quarter together totalled over $78 million.
<ul>
<li>The Precinct 2, 10 Browning Street, a four-storey building which includes The Melbourne Hotel on the ground floor and three levels of offices above. Armada South Brisbane Office Fund sold the building for $65.5 million to Forza Browning Street Fund. The sale represented an initial yield of 8% on passing income of around $5.24 million. Bruce Baker and Flint Davidson of CBRE Brisbane negotiated the sale.</li>
<li>138 Montague Road, a large single-storey warehouse with around 30 car parks. Bought for $8 million by The MWX Properties Pty Ltd as trustee for The MWX Properties Trust.</li>
<li>10 Cordelia Street, a two-storey commercial building with car parking for 17 vehicles. Sold for $5 million to 10 Cordelia Property Trust No. 1 and 10 Cordelia Property Trust No. 2.</li>
</ul>
<img src="/images/2016/09/09/Brisbaneqtrsales.png" alt="">
Properties listed for sale include:
<ul>
<li>105 Melbourne Street, South Brisbane. Merivale Flats, a three-storey residential building with a retail unit on the ground floor. For sale as a tenanted investment, with an auction pending (auction date to be advised); agent, Property Inc (Leon Iconomidis and Michael Kazoullis).</li>
<li>427 Montague Road, West End. A two-level office building and a single-storey warehouse. For sale by expressions of interest, closing September 1, 2016; agent, CBRE (Callum Short and Peter Court).</li>
<li>26-28 Thomas Street, West End. Two, single-storey, raised, weatherboard houses which are used commercially. For sale with an asking price of $1.48 million; agent, First National Commercial (Hiep Nguyen).</li>
</ul>
Currently under contract:
<ul>
<li>Unit 11, West End Central, 200 Melbourne Street, South Brisbane. A 96 sqm restaurant with a 46 sqm outdoor area. Under conditional contract; agent, JPM Commercial (Justin Mollard and Chris McDonald).</li>
</ul>
Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand.
 
 
 
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Commercial property sales in Brisbane steady in quarter to August: Cityscope

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The first stage of a new masterplanned community north-east of Brisbane’s CBD in Banyo, titled Summerlin, includes 26 high-quality townhouses with the development eventually featuring apartments and over 4000 square metres of communal park area with pool and gym.
Summerlin’s Stage 1 release is scheduled for completion by mid-2017. Stages 2a and 2b, which involve the completion of two apartment buildings and the central park, will follow shortly after. 
According to Rothelowman senior associate Lawson Royes, said the townhouses have been designed as a lightweight construction. 
Dennis Family Corporation Queensland sales manager Ben Langfield says master-planned infill developments present a viable alternative to house and land developments in fringe suburbs.
“By providing access to transport corridors and inner-city amenities we can provide civic infrastructure and easy access to the CBD at an entry-level price,” he said. 
For more information, <a href="https://www.summerlin.com.au" target="_blank">click here</a>.
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Banyo, Brisbane, slated for masterplanned community

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After CoreLogic RP Data recently reported a median house price of $499,000 in Brisbane, Property Observer went searching for what that got. 
That price tag will purchase a three-bedroom, one-bathroom home at <a href="https://www.realestate.com.au/property-house-qld-sinnamon+park-123161422" target="_blank">22 Radcliffee Street</a> in Sinnamon Park (above) on a 725 square metre block of land or a four-bedroom, three-bathroom home at <a href="https://www.realestate.com.au/property-house-qld-bracken+ridge-123155166" target="_blank">12 Meelagh Street</a> in Bracken Ridge on a 618 square metre block (below). 
<img src="/images/2016/08/31/b6.jpg" alt="">
Just below the median price house-buyers can purchase the four-bedroom, two-bathroom house at <a href="https://www.realestate.com.au/property-house-qld-parkinson-123157978" target="_blank">8 Innes Close</a>, Parkinson (below). The low maintenance home was built in 2005 and sits on a 450 square metre block. 
<img src="/images/2016/08/31/m7.jpg" alt="">
From $480,000 purchases can snag the three-bedroom, two-bathroom house at <a href="https://www.realestate.com.au/property-house-qld-algester-123164806" target="_blank">167 Ridgewood Road</a>, Algester (below). The home feature an in-ground swimming pool and sits on a 686 square metre block. 
 <img src="/images/2016/08/31/Screen%20Shot%202016-08-31%20at%205.15.19%20PM.png" alt="">
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What the $499,000 median house price gets in Brisbane

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After CoreLogic recently reported a median unit price of $377,500 in Brisbane, Property Observer went searching for what that got.
Within the median price buyers can purchase a two-bedroom, one-bathroom unit at <a href="https://www.realestate.com.au/property-unit-qld-taringa-123165430" target="_blank">1/93 Oxford Terrace</a> in Taringa (above), located in a complex of six units or a two-bedroom, two-bathroom unit at <a href="https://www.realestate.com.au/property-unit-qld-greenslopes-123165014" target="_blank">5/18 Vine Street</a> in Greenslopes (below), located across the road from corner stores and cafes. 
 <img src="/images/2016/08/31/700_b1.jpg" alt="">
The two-bedroom, two-bathroom unit at <a href="https://www.realestate.com.au/property-unit-qld-stafford-123157878" target="_blank">6/47 Wayland Street</a> in Stafford (below) has been listed for offers above $379,000 with a north-facing deck, air conditioning and a modern kitchen. 
<img src="/images/2016/08/31/700_b2.jpg" alt="">
Also slightly above the median price, the one-bedroom, one-bathroom unit at <a href="https://www.realestate.com.au/property-unit-qld-south+brisbane-123166186" target="_blank">7/228 Vulture Street</a> (below) in South Brisbane which offers river views and a pool.
<img src="/images/2016/08/31/700_b3.jpg" alt="">
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What the $377,500 median apartment price gets in Brisbane

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An apartment project worth $53 million is going on the market in Brisbane's Stones Corner on Saturday 27 August.
The property, named Stoneham, 20 Stoneham Street, is being developed by DeMartini Fletcher and features 12 levels with 99 one and two bedroom apartments, undercover parking and a ground floor retail precinct.
<img src="/images/2016/08/26/700_stones_bed.jpg" alt="">
The pre-1911 building, named ‘Stoneham House’ will be restored and integrated into the design and include an 18 metre pool, barbeques, private dining areas and relaxation zones.
The one and two bedroom apartments will range in size from 74sqm to 93sqm respectively with one bedroom apartments priced from $357,500 and two bedroom configurations priced from $555,000.
<img src="/images/2016/08/26/new_stones_ex.jpg" alt="">
John Lunney, development manager DeMartini Fletcher said Stones Corner is a progressive, dynamic and unique suburb in the midst of an exciting transformation.
“From a community perspective, the Stoneham tower will breathe fresh air into the suburb and become a focal point for locals," he said.
<img src="/images/2016/08/26/700_pool.jpg" alt="">
For more information about Stoneham call 1300 616 141 or <a href="https://stoneham.com.au" target="_blank">click here</a>.
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$53m apartment project for Brisbane’s Stones Corner

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The Brisbane residential market historically lags behind the Sydney and Melbourne markets valuation firm Herron Todd White recently noted.
The affordability plays as large numbers of southern state residents find their higher priced capitals are becoming hard work.
"Then a few pioneering souls realise if they sell their Surry Hills renovatable terrace for a very princely sum, they can move to our sunshine city and purchase a magnificent suburban abode within a short commute of the CBD – and still have plenty of change leftover for a very shiny car, boat, trip or local investment property," HTW suggested.
"There’s a bit of a chicken-or-egg with this movement.
"Some say employers drive the move first - which was mostly true during the mining boom where we felt the benefits – particularly if there were FIFO residents and/or the headquarters of mining companies set up in our town.
"Another theory is that relative affordability drives demand from southern residents first, and companies follow.
"This seems feasible too.
"It’s hard to retain workers, even those on a great wage, when rent and mortgage costs are taking a fair chunk of your weekly wage out of your pocket.
"Many big employers will recognise this, as well as the comparably better commercial costs of living in our well-connected capital, and will seek to set up an office where the sun shines."
This momentum builds with more employment in a great location and property costs that won’t ruin your savings account, the firm added, though currently the interstate migration "isn’t great" at present, as you can see from the ABS chart (3.2).
The state’s average annual since 2004 is around 15,000 persons.
As at 2014, we recorded an annual number short of 6,000.
The issue is that while there is a sizeable gap in property values between Brisbane and Sydney/ Melbourne, job numbers are down and our property prices have remained relatively uneventful.
"Iinterstate migration has been in negative territory over the past 12 months to two years and while inner city blue-chip property has seen attractive gains, mid-priced, mid-distance suburbs have seen their homes remain fairly steady in value.
"If you travel further afield to the high-rent fringes of our capital, then these markets are even softer.
<a href="/images/2016/08/25/Screen%20Shot%202016-08-25%20at%209.01.05%20AM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/08/25/Screen%20Shot%202016-08-25%20at%209.01.05%20AM.png" alt="">
"When we do start to see numbers of residents increase, the rising tide floats all boats," HTW forecast.
"Given the relatively small size of the Brisbane property market, everyone gets a boost, although we traditionally see prices rise fastest in those suburbs close to town first with our pebble-in-the-pond approach becoming firmly established over the past few cycles now.
"As far as we can tell, there’s no great interstate rush to Queensland as yet, and while we continue to be a steady, solid performer compared to other property markets in the nation, not many are predicting runaway price growth in the near future.
"If a major infrastructure project were to get off the ground, such as Cross River Rail, this may improve the performance of the economy however, this is still considered to be some time away.
"Probably best to just buy safe and wait for long-term gains," it concluded.
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jchancellor-FAypfDUnLy

No great interstate rush to Brisbane so no runaway price growth in near future

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Uniplex Industrial Park, the last infill industrial land estate development in Brisbane’s Carole Park, has had four lot sales in the last two months, prior its completion. 
The 9.7 ha estate comprises seven fully serviced and ready to build-on lots, subject to local authority approvals.
Four lots totalling 3.23 ha have contracted for $6.1 million to a local developer, a transport business and local civil contractor, and are due to settle in September. 
Cushman &amp; Wakefield and Raine &amp; Horne were involved in the sale of the lots.
The estate is being marketed by Colliers International’s Stewart Gamblin and John Slater on behalf of Unison Projects who purchased the englobo site and got  development approval for an industrial subdivision last year.
Gamblin said Uniplex is ideally located within the sought-after Brisbane western corridor. 
“The estate provides centralised positioning to ensure ease of access to existing trade suppliers, as well as direct access to the major transport routes and business hubs,” he said.  
The remaining three lots range from 9,766 sqm to 32,300 sqm, and have the ability to develop facilities over 15,000 sqm, he added. 
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Majority of infill site in Brisbane sold off before completion

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A senior Queensland academic has told the Australian Financial Review that inner Brisbane apartment prices could fall as much as 25 percent over the next 12 to 18 months.
Chris Eves, professor of property economics at the Queensland University of Technology, said overseas buyers who had purchased off-the-plan in the past six or seven months might not be able to settle final payments now that China has introduced measures to stem capital flow.
"Developers will have to put these apartments on the market and with the lack of demand they will have to discount their prices. Some developers will go out of business – this always happens in oversupply situations," said Professor Eves who first warned of oversupply in March last year.
He advised estate agents were telling him prices and rents were already falling.
Adding further pressure on foreign buyers, he said, would be the new 3 percent stamp duty surcharge which kicks off in Queensland on October 1.
"Brisbane developers have gone overboard with amount of stock in the pipeline and thinking the offshore demand would just continue," he said.
{mijopolls 145}
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Can inner Brisbane apartment prices fall by 25 percent? 

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Following the release of his third solo album Civil Dusk, musician Bernard Fanning has listed one of his Queensland investment properties.
Fanning has just spent $2.465 million on a four bedroom Byron home adjoining the Arakwal National Park, not far from his music studio rental.
The former Powderfinger frontman bought the two bedroom Brisbane investment unit (above) in 2011 for $422,500 and looks set to make a tidy profit, given its $529,000 asking price through Vern Gilbert at Professionals Toowong. 
The Paddington apartment has been a rental investment having been last advertised at $410 a week.
He sold his former Kingscliff home in March for $950,000, having rented the three bedroom ground floor apartment when he relocated to Spain with his family after the band disbanded.
This article was first published in the Weekend Australian Mansion Australia property section.
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