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.

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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."

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[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." />

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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.

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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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<img src="https://counter.theconversation.edu.au/content/57114/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Four years after its announcement, the Queensland government last week cancelled the central plank in the Logan Renewal Initiative: the overhaul of Logan’s 4,900 public housing dwellings by a community-housing-provider-led consortium.
The initiative is a planned 20-year strategy to reshape Logan, an outer-suburban centre in Brisbane’s southeast. It would have been Australia’s largest and most-ambitious residential urban regeneration project.
Given its flagship status, and the hopes invested in it as a new form of public-private renewal partnership, the project’s abandonment could be a serious setback for Australian housing and urban policy.
So, why – presumably at a very substantial cost in compensation to the spurned regeneration partners – did the Queensland government walk away from the deal?
<h2>Why was the project canned?</h2>
The Logan area encompasses Queensland’s largest body of public housing. By the early 2000s, the Logan City Council had begun to see the resulting concentration of disadvantage as damaging to the area’s public image and reputation. As well as detracting from residents’ quality of life, high rates of crime and anti-social behaviour had become a perceived barrier to investment.
Partly in response to these concerns, but also building on an existing collaboration between its Labor predecessor and the council, the Newman LNP government began the Logan Renewal Initiative in 2012. From the government’s perspective this was to be just the first instalment of a broader plan to radically recast the state’s public housing system.
In 2014, after three rounds of bids and multiple modifications to the original specification, a consortium involving two NSW-based community-housing providers was revealed as the successful tenderer.
This proposal involved a new place-based management entity, Logan City Community Housing, and pledged the replacement of 1,000 outdated existing public housing units with 2,600 newly built homes – 1,600 of which would be social and affordable dwellings.
In early 2015, Queensland voters threw out the Newman government. But, nearly 18 months and very probably millions of dollars in set-up costs later, Housing Minister Mick de Brenni last week pulled the plug on the project. Instead, he is offering a A$17 million commitment to fund 70 new public homes over the next three years.
At least some of the seeds of the project’s failure were probably sown by the arguably reckless way it was originally rushed forward in 2012. Buttressed by a huge parliamentary majority and impatient to drastically reshape Queensland’s public services, the Newman government gave little priority to building public support for its radical plans – in housing, as in other areas.
Equally, the drawn-out tender process, with its multiple stages and changing requirements, speaks of excessive haste and/or policy over-reach in a state with little previous experience of urban renewal of the scale and complexity envisaged here.
de Brenni claimed:
The previous government’s privatisation plan was risky and unprecedented in scale.
However, he then went much further, declaring the now-doomed plan unacceptable in principle since:
It’s not the policy of this government to privatise essential services and I want to make it very clear that this includes public housing.
Privatisation is an incendiary term in political debate. It may be a technically accurate description for the transfer of public housing to the control of a non-government body in the form of a not-for-profit community housing provider. But whether this really amounts to the kind of deal normally evoked by the term “privatisation” in the public mind is highly debatable.
First, the “assets” concerned were to be retained in government ownership. They would have passed into community housing provider control only on a fixed-term lease. And the additional homes to be developed would also have returned to government ownership and control at the end of the scheme.
Second, since it is not a profit-making body, the acquiring community housing provider is not in this to exploit the opportunity to generate shareholder returns or to squeeze funding for local services.
To the contrary, in canning the Logan project the Queensland government has turned its back on around $800 million of direct investment in social and affordable housing, as well as significant educational and training opportunities for local people.
Third, in terms of its management of the former public housing stock, the would-be new landlord in any housing transfer project of this kind is subject to both contractual obligations and statutory regulation.
<h2>Inconsistent with Labor policy elsewhere</h2>
de Brenni’s declared interpretation of public housing transfers is also out of line with that of Labor colleagues federally and in some other key states.
In 2013, then-federal housing minister Mark Butler <a href="https://www.formerministers.dss.gov.au/12481/opening-address-powerhousing-australia-conference-melbourne-vic/">reaffirmed</a> the Labor government’s aim of boosting the community housing sector, recognised the role of public housing transfers in achieving this goal, and expressly favoured transactions involving ownership handover rather than those limited to short-term management outsourcing.
Meanwhile, South Australia’s Labor government is currently progressing a public housing transfer program aimed at levering in additional funding to upgrade the public housing stock. This funding would otherwise have been unavailable.
Also, Labor leader Luke Foley in 2015 challenged the NSW government by advocating a boost to the state’s community housing sector through the title transfer of 20,000 public housing units.
With Australia’s public housing withering on the vine and many estates falling further into social and physical decline, there is an argument that these problems could and should be fixed by governments directly. But, over decades, both federal and state/territory governments have shown themselves unwilling to take that responsibility.
This policy stance has also recently been backed by the mainstream view that the renewal of large estates should build in social and economic diversity through a private/public housing mix.
In any case, by whichever route it is to be achieved, a clear, bipartisan way forward to tackle these problems is urgently needed. Fundamentally, that would mean commitments to quantify the national cost of remedying public housing disrepair, to devise a funded estate upgrade and diversification program, and to fashion a sustainable financial and governance framework to assure the sector’s future.
Hal Pawson<a href="https://theconversation.com/profiles/hal-pawson-147969" rel="author"></a> is associate director - City Futures - Urban Policy and Strategy, City Futures Research Centre, Housing Policy and Practice, UNSW Australia and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/hal-pawson-147969" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Ditching Logan’s public-private regeneration sets Queensland back on social and affordable housing

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Sydney’s Millers Point and Naremburn, plus East Melbourne all recorded a perfect auction clearance rate in the past quarter, according to CoreLogic.
Naremburn’s clearance rate increased from 82 percent in the December quarter, while East Melbourne jumped from 80 per cent.
The combined capital city clearance rate fell to 68 percent during the June quarter down from 69 percent over the first quarter of 2016.
Brisbane’s best performer was the outer suburb of Runcorn, where the clearance rate was 77 percent - well above the Brisbane average of 45.3 percent. 
Runcorn also had the best auction clearance rate in the December quarter.
According to CoreLogic, Runcorn's median price is $530,000.
Property Observer found a few examples of sales and listings around that price.
A huge four bedroom, three bathroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-qld-runcorn-123095334" target="_blank">39 Diamond Place</a> (above) has a buyers guide of $500,000. Sitting on 312 sqm, the home previously traded for $226,000 in 2000.
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<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%201.43.27%20PM.png" alt="">
A slightly smaller three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-runcorn-122789022" target="_blank">10 Balonne Street</a> (above) just sold for $508,000. Previously traded for $122,000 in 1994, the home sits on a large 649 sqm block.
<img src="/images/2016/07/25/Screen%20Shot%202016-07-25%20at%201.45.09%20PM.png" alt="">
If you want to pay higher than Runcorn's median price, a renovated resort style home at <a href="https://www.realestate.com.au/property-house-qld-runcorn-122893770" target="_blank">314 Daw Road</a> (above) is available for $565,000. The three bedroom with swimming pool last traded for $430,000 in 2011.
 
 
 
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Brisbane's Runcorn ranks as strong auction selling market

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Jessica Origliasso, one half of Australian pop duo The Veronica's, has sold her Brisbane bolthole for $599,000.
She made a profit on the New York loft style apartment having paid $465,000 in 2009.
It was a chance to own a piece of Brisbane music history, according to selling agent Go Gecko selling agent Brendan Terry, who suggested it was the apartment where the Brisbane raised singers penned some of their most famous hits.
Located in the 1930's heritage listed McWhirters Building, the Art Deco apartment had three bedrooms, a modern kitchen and a sunroom
Jessica and her sister Lisa burst onto the pop scene in 2005.
The Los Angeles based singer recently said she missed the smell of the Brisbane air.
This article was first published in The Weekend Australian.
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Jessica Origliasso sells in Brisbane

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The Dennis Family Corporation has launched medium density development Summerlin in the northern Brisbane suburb of Banyo.
Summerlin features a range of 248 boutique apartments and contemporary terrace homes across a three-hectare precinct.
Grant Dennis, executive chairman, Dennis Family Corporation said this is the first community development of its kind and of this scale in the local area
“Our master-planned community at Summerlin will bring the best of city living to this emerging neighbourhood and capitalise on the many great attributes of the site location, which include its close proximity to both Nudgee and Banyo train stations,” he said.
Summerlin’s terrace homes will contain three bedrooms, with two or three bedroom apartments. Interiors include walk-in-robes in the master bedroom, along with a breakfast bar and tile splashbacks in the kitchen.
The first-stage market release features 26 three bedroom terrace homes, priced from just $460,000. 
Facilities including a swimming pool with integrated lap pool, sun deck, fully equipped gymnasium, residents’ lounge with kitchen, and barbecues as well as 4,000 square metres of parklands and a separate yoga lawn.
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The sales office is located at 38 Ivedon Street, Banyo. For more information phone 1800 461 860 or <a href="https://www.summerlin.com.au" target="_blank">click here</a>.
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Brisbane's Summerlin development launched in Banyo

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Construction of Pointcorp's apartment development Fabric in Brisbanes' Teneriffe is slated to begin late this year with 73 apartments across 7 storeys to be complemented by 2018.
The development, on Florence Street and Commercial Road, 2.5 km from Brisbane’s CBD, features interiors designed by Cottee-Parker and will offer  cityscape and riverfront views and will include residents-only yoga and reflection retreat, pool, sundeck, designer furnishings, barbecue facilities and private dining areas.
<img src="/images/2016/07/20/700_fabric2.jpg" alt="">
The development is influenced by neighbouring wool stores and warehouses surrounding as well city loft conversions in New York City.
Residents can choose between light and dark interior colours  with kitchen areas featuring integrated Miele appliances, down lighting and generous cupboard storage as well as bespoke feature walls and black framing elements.
For more information, <a href="https://fabricteneriffe.com.au" target="_blank">click here</a>.
 
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Brisbane's Teneriffe set for sleek new residential address by Pointcorp

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Owner occupiers are capitalising on favourable lending conditions, with a flurry of industrial transactions in Brisbane.
The most recent was the sale of a light industrial site at 18 Raynham Street in Salisbury at auction for $2.1 million.
Western Australian-based Ampac Developments Pty Ltd snapped up the 4,047 sqm warehouse property.
Selling agent CBRE’s Sam Higgins, who brokered the deal along with Jack Pershouse, said the low interest rate environment was fuelling investor appetites.
“Auction bidders are comparing the rent they are paying with the loan repayments - and with fixed interest loans at under 6%, many companies are able to buy a building for 20% less than what they paying in rent costs,” Higgins said.
“With interest rates at 50-year lows, we are seeing strong demand for vacant buildings in the established suburbs of Rocklea, Acacia Ridge and Salisbury.”
Meanwhile, an industrial warehouse property at 29 Meadows Street in Coopers Plain also recently sold for $1.5 million at auction.
Located on a 4,022 sqm site, the property comprises a 1,300 sqm building and a hardstand area of nearly 2,500 sqm.
The purchaser was companies associated with the Hume family.
Pershouse said the market was gaining momentum, with a steady pipeline of transactions on the horizon.
“We are continuing to see an upturn in sales in the $1.5 million - $3 million sector of the market, while leasing transactions have also improved, particularly in the $80,000 - $130,000 net per annum range,” Pershouse added.
“Many investors are favouring industrial over residential property as the yields are net of 6% or better compared with residential returns which have been lower.”
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Low interest rates fuelling industrial deals in Brisbane

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Brisbane is the “good husband of capital-city property” – solid, safe, reliable but fairly unexciting – it has generally failed to fire at the level expected by most since 2012, say property valuation firm Herron Todd White in their July residential market report. 
The problem appears to be a continued lack of confidence with the deflation of the Queensland mining boom casting a grey fiscal pallor across the capital city. Employment is still reasonably soft and our really hot, hot, hot property years have always come on the back of increased interstate migration – and that’s still refusing to take off. 
For this reason, last year’s choices of property at the $500,000 price point are still applicable in many instances today, and worthy of consideration once more, say HTW in their report. 
Of course, while this says the market has been at, there’s a silver lining amongst these musings – it’s that Brisbane’s CBD-accessible suburbs remain relatively affordable. 
"For Brisbanites, anything outside the 10 kilometre radius is a bit of a trek into town, but of course spend a few years in Sydney (or London or Tokyo or any other international city), and you begin to get the idea that 10 kilometres is actually less than a serious jog for a fun runner. Of course, heading up to 15 kilometres breaks open the affordability, while only adding a touch more driving for the commuter," it says.
For dwellings outside 14 kilometres of the CBD, Algester has been one suburb that’s seen more interest in recent times partly due to the flow on from increased prices in Sunnybank Hills and Runcorn in the past 12 months. Algester also sits reasonably close to our pick suburbs from last year’s Lazy $500,000 issue – Eight Mile Plains and Runcorn. 
On the north side last year, we picked Brighton, Sandgate, Deagon, Boondall, Taigum and Bracken Ridge to find the sub-$500,000 stuff and a keen eye could still find detached housing options in this bracket and at these addresses. 
On the bayside, suburbs such as Redland Bay are still sub-$500,000 and there is a good level of interest, which bodes well for the medium term. 
Looking further afield in the south and suburbs like Marsden, Woodridge and Logan offer heaps of value with plenty of property around $300,000. These suburbs continue to appeal to investors at present given rents for highset three-bedroom, one-bathroom homes are approximately $360 per week at this price point – so yields are healthy. 
“Older style two-bedroom, one-bathroom units in Greenslopes and Coorparoo are still below $500,000 – actually most are closer to the $400,000 mark. This isn’t much of a change from last year when we were saying the same product could be found in the high $300,000s.
“So if you’d followed our call from last year, you’d have made a few thousand dollars in equity and still have the prospect of more growth in the medium term.” 
These suburbs appeal with good facilities and reasonable access to the CBD, although rental yields are starting to tighten and may continue to do so – particularly with Coorparoo Square due for completion in the next 12 months. 
“Last year, we were warning investors in our loudest possible voice to be extremely cautious of off-the-plan unit stock – and we’ve been proved correct. We continue to say that it’s a brave investor who takes a punt on this sector at present in oversupplied suburbs.”
Property Observer found a recently sold four-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-algester-121998750" target="_blank">18 Mt Flinders Place, Algester, Qld 4115</a> for $499,000.
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Brisbane suburbs still affordable at $500,000: HTW property report 

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Property group Charter Hall’s industrial fund has acquired an industrial site in Brisbane with a pre-lease in place for nearly $24 million from Cadence Property Group.
Cadence has secured a 10-year pre-lease with Agility Project Logistics and is building a warehouse covering 5,930 sqm at the site, which will complement the existing 5,222 sqm warehouse and office. Construction is due for completion in 2017.
The 2.485 hectare parcel at Eagle Farm Road in Brisbane’s Pinkenba was sold as a fund through to the $1.9 billion Charter Hall Prime Industrial Fund (CPIF).
The sale was negotiated by CBRE’s Ed Bull and Chris O’Brien.
Cadence director Charlie Buxton said the deal came on the back of a growing track record in the delivery of industrial and logistics facilities in Victoria. 
“This acquisition remains in line with the group’s focus on core locations, generic facilities and long term leases, whilst also providing the opportunity to welcome a new global customer to the portfolio,” said Paul Ford, Charter Hall head of Industrial.
The suburb of Pinkenba adjoins the Brisbane Airport and provides direct access to the Gateway Motorway.
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Cadence expands footprint with $24 million Brisbane industrial sale to Charter Hall

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The Swiss-Belhotel International Group will open its first Australian hotel in Brisbane on the 1st October 2016.
Swiss-Belhotel is a rapidly growing, Hong Kong based international brand that currently spans twenty countries with over seven thousand staff.
Swiss-Belhotel Brisbane is situated at 218 Vulture St, South Brisbane.
The site was selected because of its proximity to River Quay, South Bank, the Gabba and nearby Royal Children's Hospital, Mater Hospital and Ronald McDonald House.
The 134 room hotel is made up of 108 Superior Rooms, 14 Deluxe Studios (45 sq metres) and 12 Executive Studios (54 sq metres).  
Swiss-Belhotel International Chairman and President Gavin Faull said he was presented with this exciting opportunity in Brisbane two years ago.
"We were so impressed that we have taken a long term lease on the hotel and invested in the property''.
 Cafe 63 at Swiss-Belhotel will be an expanded version of the very popular Cafe 63 in Brisbane.
Gavin Faull has built the portfolio of hotels under his management from just three to well over 135 that stretch across the globe incorporating the Middle East, Europe, China, Southeast Asia, Australia and New Zealand. 
The brand now spans twenty countries and employs over seven thousand people.
There is no sign of a slowdown with plans to have at least 40 hotels managed by Swiss-Belhotel International in Australia within ten years.
Gavin Faull, a New Zealand born dairy and tourism entrepreneur is in Australia this week.
Faull aims to have 10 hotels managed by Swiss-Belhotel International in Australia within five years.
"We were introduced to the Horan Group by Mr Ian Pert of GPM Consulting and Project Managers and were very impressed with the hotel project, with the location and with the developers. 
"We have been working together for almost two years. 
"We were so impressed that we have taken a long term lease on the hotel and invested in the property.
''Swiss-Belhotel Brisbane is on a long term lease by Swiss-Belhotel International where the developer has been able to secure their return by leasing to an international management company yet has been able to work very closely with Swiss-Belhotel International to develop a truly international hotel product. 
"There are also strata title apartments in the complex and Swiss-Belhotel International will be managing those apartments as well as handling the letting services for those apartments.
"A unique fusion of property development; individual investment opportunities managed and incorporated into an international hotel operation''.
''This is Swiss-Belhotel International offering the investor community an alternative management and property product to the other many products in this investment space in Australia. We are an exciting alternative'', he concluded.
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New property brand, Swiss-Belhotel International launching in Brisbane

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A five-story building in Brisbane’s inner north suburb of Newstead has exchanged hands for $13.25 million.
The A-grade asset on 26 Commercial Road is positioned on a 760 sqm site.
The property was marketed as part of a portfolio of properties being sold by Heathley’s Diversified Property Fund. 
The building has a net lettable area of 2,195 sqm and has a diverse tenancy mix comprising Blue Commercial, Symposium Café, 20Cube, Emerchants Limited, White Retail Group and Gray Puksand. 
The deal was brokered by CBRE’s Peter Court and Darren Collins on behalf of Heathley Asset Management Limited to a Melbourne-based investor. 
“The property’s location in Newstead’s Urban Renewal Precinct was a key drawcard... with the area now regarded as one of Brisbane’s most revered office hubs,” Court said. 
“The precinct has experienced significant leasing success over the past 12 months, with vacancy decreasing from 16 percent to 10 percent." 
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