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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</section>

[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

Queensland

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SPONSORED POST
With Australia’s Life Sciences sector beginning to take shape, overseas experts in the field have Queensland tipped to have the right fundamentals for promoting the evolution of this sector.
David Lupson from Savills Science (UK) has made the trip to Queensland this week to review ripe markets and offer his advice on the fundamentals of a ‘science precinct’ based on his involvement and experience in crafting the Cambridge Science Park and other new science parks including those in Liverpool, Newcastle and Edinburgh.
The origins of science parks date back to the early 1950s with the creation of Stanford Research Park in the USA. In 1970, Trinity College commenced development of the first UK science park in Cambridge. Following this movement a number of UK-based universities recognised that an era of integrated educational and knowledge based businesses had arrived and realised the benefits of aligning multidisciplinary research and business. 
Today, Cambridge consists of 11 science parks in total; which includes the University Hospital and University &amp; Technology based businesses to complete the full ecosystem. New generations of science parks have spread all across the UK, however Cambridge still stands out as a front runner with a value proposition that has market appeal.
According to the University, Cambridge is now Europe’s largest technology cluster, with around 57,000 people employed by more than 1,500 technology and science based firms, which have a combined annual revenue of over £13 billion.
“It’s important to remember that the science sector competes on a global stage, our advice is pragmatic and evidence based using our industry experience coupled with ongoing benchmarking,” Mr Lupson said.
Mr Lupson is Europe’s most experienced commercial science park practitioner and has acted as the Development Director and Chief Operating Officer for a number of leading science park projects and bio-innovation centres across the UK.
“The first secret to the success of the Cambridge Science Park has been the relationship between individual entrepreneurs, the university and the science park operations and development team.
“The close proximity of the park to the university and teaching hospital in the city has been instrumental in both creating and feeding the businesses that reside there,” he said.
Science parks aim to enable the commercial exploitation of intellectual property by the provision of fit for purpose hard and soft infrastructure.
“The collaborative nature of the park has also helped to foster a sense of community, which the landlord has tried to maintain by including more amenities, which in turn has been crucial in attracting and retaining staff,” Mr Lupson said.
Chesterford Research Park near Cambridge bolstered its offering with the construction of the Nucleus Building, which provided a gym, restaurant, bar and conferencing facilities for its tenants. 
With science and technology continuously evolving, so are the businesses which work within the field, therefore conditions for these tenants need to remain fluid.
“St John’s Innovation Park is an excellent example of how providing incubator space with flexible lease conditions gives businesses the opportunity to grow.
“It’s not uncommon to see users grow from medium size floorplate requirements to taking an entire headquarters before the end of their leases,” he said.
The infrastructure and transport networks around a science park also play an important role in the precinct’s mechanics. 
In recent years Cambridge Science Park has seen substantial improvements to its accessibility through the provision of highway upgrades, new cycle ways and access to a guided busway. More recently the opening of a new railway station north of the city has further improved access options.
Mr Lupson will be speaking at three seminars in Queensland this week which will further educate the market on the emerging knowledge economy trends of the life sciences sector. 
For more information on Life Sciences or Science Park development in Queensland please contact <a href="http://www.savills.com.au/forms/contact-individual.aspx?id=104639-0" target="_blank">Dustin Welch</a>, Director of <a href="http://www.savills.com.au/services-and-sectors/project-management.aspx" target="_blank">Savills</a> Health Projects. Savills Health Services provides bespoke transactional and planning services for medical service professionals, developers, government and investors across all aspects of primary healthcare, research and tertiary built form.
Savills is a leading global real estate service provider offering the full spectrum of services from strategic advice to managing assets and projects and transacting deals. To learn more about Savills, visit <a href="http://www.savills.com.au" target="_blank">savills.com.au</a>.
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jrobinson-rf4aSBido9

Global expert defines the formula of a Science Park: Savills

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Woods Bagot has designed a new $31 million pier and lift structure which form key elements of the Urbis-led Master Plan for the Rockhampton Riverside Precinct. The project seeks to revitalise the riverside district by maximising the potential of the previously neglected area and transforming it into a hub of community activity.

The riverside pier employs materials that reference the community’s historical past of gold, silver and copper mining in a contemporary way, but just as importantly also represents an economic and cultural rebirth following the damage caused by Cyclone Maria in 2015.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/150193_n17_screenhd.jpg" rel="gallery-all" title="The riverside pier and lift structure which form the Rockhampton Riverside Precinct. Image: Florian Groehn"><img alt="" class="image-article-full-width-580px" height="387" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/150193_n17_screenhd.jpg?itok=YuetYOO8" title="The riverside pier and lift structure which form the Rockhampton Riverside Precinct. Image: Florian Groehn" width="580"></a>

<figcaption>The riverside pier and lift structure which form the Rockhampton Riverside Precinct. Image: Florian Groehn</figcaption></figure>According to Woods Bagot, the riverside precinct has become a destination in its own right not just within Rockhampton but also regional Queensland. As part of the Master Plan, the site has become a public urban park comprising a playground, playful water features, amenities, local artwork, terraced landscaping, and places for shade and outdoor seating.

As part of the design response, the architects drew on and incorporated multiple influences from nearby sites, natural landscapes, and local industries which combined to form the overall composition of the two-story public building.

The 300 sqm building features a public landing on the lower ground level, while the main concourse accommodates a modern restaurant serving fresh seafood and seasonal produce. 
Additionally, the design also draws on the local vernacular forming a direct relationship with the quintessential ‘Queenslander’, with its large overhanging roof providing solar shading while allowing for uninterrupted views of the natural landscape.

The building’s linear shape and industrial aesthetic draw heavily from the steel Fitzroy Bridge to the North, while Mount Archer’s mining history inspired the form of the rich, earthy colour scheme.

The natural materials palette of stone, timber, metal, and glass allowed local craftsmen to assemble elements by hand using traditional methods. Profiled weathered metal 'blades' flank the building and allow for views of the surrounding 19-hectare parkland while providing respite from the sun’s heat.

The 'breezeway' as the name suggests allows cool breezes to flow through and ventilate the building naturally, while the building’s vertical lift responds to the location’s subtropical climates and flood-prone coast, acting as they way-finder to the site, alluding to the masts of ships.

Clad in Corten steel, the lift's robust exterior reflects the rich tones of the landscape and the history of copper, gold and silver mining in the area.

Solar panels on the roof generate green electricity which is fed back into the local power grid, while electric vehicle charging and bicycle maintenance stations are available throughout the park.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/150193_n11_screenhd.jpg" rel="gallery-all" title="The design draws on the local vernacular and landscape. Image: Florian Groehn"><img alt="" class="image-article-full-width-580px" height="410" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/150193_n11_screenhd.jpg?itok=vZoRH4G_" title="The design draws on the local vernacular and landscape. Image: Florian Groehn" width="580"></a>

<figcaption>The design draws on the local vernacular and landscape. Image: Florian Groehn</figcaption></figure><h2>What they say</h2>

<blockquote>
Rockhampton Riverside Precinct has become a destination for everyone to visit, occupy and enjoy. The vision of restoring the energy from the gold period has been realised along with the aim to provide the people of Rockhampton with a world-class civic and recreational space.

The finished design delivers over 30,000 m2 of public space, tripling the amount of civic and open space that previously existed.

Putting people at the centre of the design process is always where we start, and this is exactly the outcome we planned for – creating a special place for community gathering and to drive a groundswell of local pride in the city.

- Mark Damant, Woods Bagot Principal
</blockquote>

<blockquote>
Urbis worked with Rockhampton Regional Council on the redevelopment of the Riverside Precinct, a world-class waterfront area on the shores of Queensland’s Fitzroy River. 

The design incorporates playground areas, river lookouts, shaded walkways and gathering spaces. A streetscape along iconic Quay Street integrates the city’s edge with the riverbank parklands.

(The) design will revitalise and activate Rockhampton’s iconic riverside precinct by establishing a high quality realm space that will be widely celebrated and used by the community. 

- Urbis
</blockquote>

 
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Laurence Dragomir

Woods Bagot and Urbis revitalise Rockhampton Riverside precinct

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Low demand for office space in Toowoomba continues, according to report from Herron Todd White (HTW).
Leasing demand for commercial office accommodation in Toowoomba continues to be subdued.
The valuer firm stated that this has resulted in limited growth in rentals over the past three years and has also resulted in the introduction of some lease incentives to secure tenants.
Rents can vary from under $100 per square metre gross (often poor quality inner CBD first floor tenancies with no car parking or PWD access) to $400 per square metre gross for modern premium accommodation with good car parking the report noted.
A small premium can sometimes be achieved for medical suites, especially in the precinct surrounding St. Vincent’s Hospital.
There were no new major office building developments in Toowoomba during 2017 or early 2018.
Any leasing demand during this period has been fulfilled by existing stock.
There are several vacant commercial sites in Toowoomba ready to be developed however the reduced leasing demand has delayed most projects according to the valuers at HTW.
The valuers forecast "it is unlikely that any project will proceed in 2018 unless significant lease pre-commitments can be secured".
"The projects will also likely need to achieve market leading rentals to make projects feasible."
A new office building has been proposed on the corner of Campbell and Raff Streets in the northern fringes of Toowoomba’s CBD.
The building is to be multi-levelled and will contain a food/café tenancy on the ground level.
This project appears to be driven by multiple owner occupiers, the report notes.
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j.ballantyne1990-6AQqhLzZaK

Stagnant interest in Toowoomba office space continues: HTW 

<html><body><div class="cq-article-content-paras section">
Queensland Treasury has warned of uncertainty in Brisbane's apartment market, especially if the southern markets of Sydney and Melbourne falter.
Both property taxes and mining royalties helped the Palaszczuk government revenue in yesterday's budget, with land tax receipts predicted to jump 11 per cent to $1.3 billion in 2018-19. Land tax thresholds have not been amended for a decade.
Stamp duty on transfers are estimated to rise 4 per cent to $3.2 billion, after a 5.7 per cent fall in 2017-18.
Payroll tax revenue was also expected to jump 5 per cent to $4.1 billion next financial year, with key sectors of construction, mining and manufacturing contributing to the growth, according to the budget papers.
Details revealed in Tuesday's Queensland budget indicate mining royalties are set to triple this year's expected surplus, rising from $485 million in the mid-year update to $1.51 billion.
"Domestically, uncertainty remains around the extent of oversupply in the apartment market, and any concurrent downturn in major southern capitals could exacerbate the downturn in Queensland," Treasury said in budget papers under "risks and opportunities".
Under the new taxes introduced in Tuesday's budget, foreign landowners will be slugged with an extra 0.5 per cent in land tax for properties worth more than $10 million plus an increase in the foreign transfer duty from 3 per cent to 7 per cent.
Both taxes will raise a total of $326 million over the next four years.
The First Home Owners Grant has been extended for another year, but reduced as foreshadowed to $15,000 and will not be extended to established homes.
The property sector received mixed news in the State Budget, handed down by Treasurer Jackie Trad, according to the REIQ.
“Taxing foreign buyers is a measure best suited to markets where affordability is an issue," the REIQ's chief Ms Antonia Mercorella said.
"That is not the case in Queensland."
“We have more than 550 suburbs throughout the state where the median house price is $500,000 or below and 132 of those suburbs are in Greater Brisbane.
"The REIQ was also disappointed that the State Government chose to drag its feet on stamp duty reform, ignoring expert advice that the stamp duty was a regressive, outdated form of property taxation that stifled housing mobility."
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Uncertainty looms as foreigners taxed higher in Queensland budget

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Brisbane's Cross River Rail project has had $733 million allocated to it in the 2018 Queensland state budget that was handed down by Queensland Treasurer Jackie Trad this afternoon.

In the budget speech to state parliament, the Treasurer put Brisbane's Cross River Rail at the centre of the Palaszczuk Government's infrastructure spend.

<blockquote>
In a fast-growing state, investing in key infrastructure supports job creation, it boosts business confidence and it delivers the services Queenslanders need to maintain our way of life.

Our delivery of the $5.4 billion Cross River Rail project recognises this.

Sadly, the Federal Government and those opposite don’t.

During the five-year construction period, Cross River Rail will support an average of 1,500 jobs each year, and up to 3,000 jobs in the most intensive year of construction
<cite>Deputy Premier and Treasurer, Jackie Trad</cite>
</blockquote>

The Cross River Rail project aims to provide another north-south path for South East Queensland's metropolitan rail network, alleviating congestion on the Merivale Bridge and opening up new station catchments in the heart of Brisbane's CBD and Woolloongabba.

The 10.2km of new twin-track will connect the Beenleigh/Gold Coast trunk at Park Road with the Nambour/Redcliffe/Shorncliffe trunk just beyond Bowen Hills.  5.9km of the new track will be in tunnels.

Exhibition station, currently only open and serviced during special events, will become a full time station serving Brisbane's inner north and a new interchange station, Boggo Road, will be built in the vicinity of Park Road station offering transfer opportunities to train passengers.

Roma Street will also be connected to the Cross River Rail tunnel offering further connection opportunities to rail services throughout all of Queensland.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/crr_alignment_qld_gov.jpg" rel="gallery-all" title="The route of the Cross River Rail project (blue) and Brisbane Metro - image: crossriverrail.qld.gov.au"><img alt="" class="image-article-full-width-580px" height="944" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/crr_alignment_qld_gov.jpg?itok=gJw3R6pG" title="The route of the Cross River Rail project (blue) and Brisbane Metro - image: crossriverrail.qld.gov.au" width="580"></a>

<figcaption>The route of the Cross River Rail project (blue) and Brisbane Metro - image: <a href="https://www.crossriverrail.qld.gov.au/info/#rail-route-top">crossriverrail.qld.gov.au</a></figcaption></figure>Along with the Cross River Rail project, the Treasurer confirmed the Beerburrum to Nambour Rail Upgrade Project has also been funded.

Approximately 40km in length, the single track section between Beerburrum and Nambour to the north of Brisbane will be duplicated and paid for by the Federal and State Governments.  

Canberra will be funding the project to the tune of $390 million and the Treasurer announced the Queensland portion of the funding will total $161 million.

Central Station will also yield $7 million to pay for general upgrades that will see modernisation of platforms, stairs, escalators, a new roof and additional escalators from the station's concourse to ANZAC Square.

To view the Treasurer's speech and Queensland Budget 2018 documents, see <a href="https://budget.qld.gov.au/">budget.qld.gov.au</a>.
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Alastair Taylor

Brisbane's Cross River Rail, Nambour duplication works funded in Queensland budget

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The body of evidence against the foreign investor tax increase expected in next week’s State Budget continues to grow, according to Queensland’s property industry. 
New research from the AEC Group, commissioned by the Property Council, has estimated that the decline in foreign investment in Queensland since the Government introduced an additional foreign investment tax in 2016, has equated to a decrease in Gross State Product of between $2.4 billion and $3.9 billion.  
The analysis indicates that the revenue expected to have been collected through the foreign investor tax equated to less than 1% of the overseas economic contribution Queensland lost between 2015-16 and 2016-17.
“It is clear that reduced foreign investor interest in Queensland has cost the state far more than the revenue raised through this foreign investor tax,” Property Council Queensland Executive Director, Chris Mountford, said.
“Regrettably we are still seeing the Government pursue short-sighted tax increases without adequately considering the long term consequences.”
“We certainly acknowledge that the State Government’s tax increase is not the only factor that has reduced the flow of foreign investment to Queensland. But it has played a big part, and it is a factor that is entirely in the control of the State Government.”
“The data shows the State Government has kicked a significant fiscal and economic ‘own goal’," Mountford said.
The State  Government intends to increase the stamp duty surcharge on foreign buyers of residential property from 3% to 7% of the purchase price from 1 July 2018.
 
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Foreigners' property tax is Queensland Government's own goal 

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Queensland great Mal Meninga will be on the hustings in Brisbane today, as he joins forces with the National Retail Association (NRA) to launch a state-wide campaign calling on consumers to get behind the Queensland Government’s July 1 ban on single-use lightweight plastic shopping bags.
The Bundaberg-bred coach, businessman and speaker, who grew up on the state’s treasured coastal areas, said tackling plastic pollution should be a priority for everyone who calls the Sunshine State home.
“The number of plastic shopping bags used by Queenslanders is nearing a billion each year – most of which are used for only a short period of time and go to landfill,” Meninga said.
“But around 16 million of these bags are littered and end up in our precious environment. The equivalent in weight to 96 small cars’ worth of plastic bags wind up in our environment where they wreak havoc on the local ecosystem, our waterways and our marine life.
“We simply cannot afford to stand by and let this scourge on our environment continue,” he said.
NRA CEO Dominique Lamb said retailers had long-supported the idea of industry-wide action to try and combat toxic plastic bag pollution, however those who’d launched their own bans had often found it tough getting customers to embrace the idea.
“Our industry is behind the State Government for making this a non-negotiable for all stores right down to the smallest takeaway outlets, local markets and online stores, as it’s a crucial step toward changing overall consumer behaviour,” Ms Lamb said.
Following the advent of high-density polyethylene plastic in the 1950s, and the introduction of the <a id="LPlnk59993" class="OWAAutoLink" href="https://sasgroup.net.au/index.php?subid=10037&amp;option=com_acymailing&amp;ctrl=url&amp;urlid=232&amp;mailid=1162&amp;Itemid=201" target="_blank">first throwaway bags in the late 1960s and 70s</a>, global plastic bag production has reportedly reached around <a id="LPlnk799536" class="OWAAutoLink" href="https://sasgroup.net.au/index.php?subid=10037&amp;option=com_acymailing&amp;ctrl=url&amp;urlid=233&amp;mailid=1162&amp;Itemid=201" target="_blank">5 trillion bags every year – around 160,000 per second.</a>
Without radical action by consumers and producers, the volume of accumulated plastic in the oceans is forecast to become greater than that of fish by 2050, according to a <a id="LPlnk630053" class="OWAAutoLink" href="https://sasgroup.net.au/index.php?subid=10037&amp;option=com_acymailing&amp;ctrl=url&amp;urlid=234&amp;mailid=1162&amp;Itemid=201" target="_blank">2016 report by the World Economic Forum</a>.
“We know we’ve reached a tipping point and the retail industry is right in the thick of it as consumers demand more transparency into how the products they buy are produced, so they can support brands with ethical production methods and environmentally sustainable practices. Banning lightweight plastic shopping bags is another important step in creating a future-proof industry,” she said.
From July 1, no retailer in Queensland will be allowed to hand out single-use lightweight plastic shopping bags under 35 microns thick, or they risk fines of more than $6000 per offence.
“Consumers will need to prepare by either bringing their own reusable bags, and should expect to pay a small fee of around 15 to 20 cents for a basic reusable option, through to as much as five dollars for locally-made jute or hessian bag.”
Ms Lamb has also asked shoppers to be patient with retailers throughout the transition period, while they adjusted to new bags and processes.
“It’s up to all of us to do our bit. It’s a small change in our routine for a big impact on Queensland’s environment,” she said.
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Queensland rugby legend Mal Meninga joins retailers to fight toxic bag pollution

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GUEST OBSERVATION
The Queensland government passed legislation last month to prevent the clearing of high-value regrowth vegetation on freehold and Indigenous land. The move has been deeply unpopular with many landholders. They have argued that they are footing the bill for the commmunity’s environmental aspirations – without compensation.
The government’s intention was to reinstate a “responsible vegetation management framework”, broadly in line with legislation first passed in 2004, but which the Newman government repealed in 2013.
But time has moved on since 2004. Instead of relying on a heavy-handed regulatory approach, a mix of carrots and sticks might have generated economic value for landholders, and reduced land clearing into the bargain.
Why landholders are fuming
Broadly speaking, landholders are worried the government hasn’t listened to their concerns and won’t pay for the land that is now effectively under state regulatory control. The parliamentary committee set up to report on the bill received more than 13,000 submissions (including 777 non-pro-forma submissions) – the largest number received by any committee of the Queensland parliament.
The government itself has admitted stakeholders were not consulted in the preparation of the bill, although the department report cites a “substantial history” of consultation on many of its measures. Nevertheless, the Queensland Law Society felt that further consultation would have been appropriate given “the sensitive nature of this legislation”.
Many submissions raised concerns about information shortfalls, regulatory duplication and excessive red tape. The department’s fallback position was simply to argue that “the proposed amendments are consistent with the government’s 2017 election commitment”.
Ironically, it is not only landholders who have lost out financially. The Queensland government is now effectively in control of an additional 1.76 million hectares of land, which it intends to leave undeveloped. But, in today’s world, the carbon stored in this land has a market price as well as an environmental value, if it’s properly managed.
Better alternatives
With a little more preparation and creative thinking, the government might have been able to spare our vegetation, create a huge pool of lucrative carbon offsets ready to market to the world, and provide compensation to affected landholders.
For instance, instead of an outright prohibition on land clearing, the government could have put in place a three-year moratorium on land clearing. Landholders could then be given a chance to opt out of the moratorium by transferring their land to a permanent conservation covenant or similar arrangement.
Although some careful drafting would be required to ensure the offsets integrity standards and other regulatory requirements are met, landholders who opted out of the temporary moratorium could become eligible to earn carbon offsets, or any other available financial incentives.
On the other hand, landholders who do not respond to this financial “carrot” would run the risk of being hit with the (uncompensated) “stick” of a more prescriptive approach (temporary or not) at the end of the moratorium period.
The government could help this transition along by helping landholders sign up for one or more of the various existing schemes for conservation covenants, carbon offsets and biodiversity offsets. One of the main factors preventing greater participation in these schemes is prohibitively high transaction costs, especially in the early stages.
I realise there is a degree of wishful thinking about this proposal. Several hurdles, particularly political ones, would need to be overcome. But if we want serious, fair and enduring land use reform, I think these options merit a more meaningful investigation.
At the moment, a heavy-handed sweep of a pen by politicians in Brisbane has locked both landholders and government out of the market for ecosystem services. Given that the government now essentially owns a huge store of carbon assets, it’s a missed opportunity.
<img src="https://counter.theconversation.com/content/97178/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">With a little more creative thinking, Queensland might have provided compensation to landholders at no cost to itself. Instead, it has used a regulatory hammer to impose rules that – judging by past performance – have no guarantee of surviving past the next election.
Philippa England, Senior Lecturer, Griffith Law School, Griffith University
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/queenslands-new-land-clearing-laws-are-all-stick-and-no-carrot-but-its-time-to-do-better-97178" target="_blank">original article</a>.
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Queensland's new land-clearing laws are all stick and no carrot: Philippa England

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A Ayr three bedroom home has been listed by mortgagees for $120,000. 
Ayr is a town and locality in the Shire of Burdekin, Queensland.
It was offered by Nora Andersen and Carla Healy from Andersen Real Estate.
<a href="https://www.realestate.com.au/property-house-qld-ayr-128488846" target="_blank">Located at 96 Airdmillan Road</a>, Ayr, the house comes with three bedrooms, generous living area, kitchen, dining area and enclosed entertainment/rumpus room. 
It sits on a 1012 square metre allotment.
The suburb's median house price sits on $212,500, according to CoreLogic. 
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Ayr three bedroom house listed by mortgagee 

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A Burnett Heads three bedroom house close to Oaks Beach has been sold by mortgagees for $220,000.
It was sold by Jonathon Olsen from LJ Hooker Bundaberg.
It had last sold at $270,000 in 2011. 
<a href="https://www.realestate.com.au/sold/property-house-qld-burnett+heads-127625286" target="_blank">Located at 4 McKenzie Street</a>, the solid timber home on an 814 square metre allotment comes with three bedrooms, rear entertaining area and a front veranda. 
Additional features include air conditioning, ceiling fans and two bay lock up shed. 
The suburb's median house price sits on $285,000, according to CoreLogic. 
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