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.

[smartcode_project:default project_id=114246 project_image_fid=378718]

Pieces from Parisian design house Pierre Augustin Rose sit alongside contemporary artworks and bespoke lighting, with Freeman drawing on recent visits to PAD Paris and Salone del Mobile Milano for the final collection.

Brown said the aim was to create a penthouse that felt more like a large-scale private home than a traditional apartment.

"The experience begins the moment the lift doors open. You're welcomed into an elegant dining room before the home opens into an extraordinary living space framed by sun-drenched harbour views.

"Every time someone walks through the front door they pause. It's not just the view, it's the incredible sense of space, the warmth created by the northern sunlight that fills the interiors, and the way every room connects so effortlessly.

"It has all the proportions of a luxury home, while delivering the effortless lifestyle and personalised experience of living in a world-class six-star hotel, combined with the simplicity and convenience of apartment living."

[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 penthouse at Park Residences in Cremorne

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

Dalcott targets owner-occupiers with South Brisbane debut Marrone

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

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

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

ODUS releases $18 million penthouse crowning La Mer Main Beach

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

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

Queensland

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A highset Queenslander style house in South-Eastern Queensland has been sold by Wal Pavel Real Estate for $170,000.
The Maryborough house has been much traded, selling twice previously at a higher price, $190,000 in 2005 and $186,000 in 2004.
<a href="https://www.realestate.com.au/sold/property-house-qld-maryborough-125800630" target="_blank">Situated at 142 Pallas St</a>, Maryborough, the house comes with two bedrooms, dine-in kitchen, separate lounge and dining rooms, two bay garage with workshop.
Additional features include detached "Rustic Style" entertaining area.
The 911sqm allotment comes with good vehicle access to the rear of lot.
It is centrally located and within close proximity to CBD.
The suburb's median house price sits on $200,000, according to CoreLogic.
Another Maryborough house was sold recently by mortgagees for $170,000.
It last sold for $195,000 in 2006.
Partly renovated, the 531 Alice Street home comes with three bedrooms, lounge, dining and family areas.
 
 
 
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Maryborough, Queensland $170,000 mortgagee sale

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Cogoon Station, the south west Queensland grazing property, has been listed for sale.
It is the district from where the Prussian explorer and naturalist Ludwig Leichhardt set off from on his fateful expedition, never to be seen again.
Leichhardt's disappearance remains a mystery after he went missing in 1848 with his expedition crew of four Europeans, two Aboriginal guides, seven horses, 20 mules and 50 bullocks planning to cross Australia.
Cogoon, located in the Maranoa region around 60 kilometres south of Roma on the Darling Downs, then belonged to politician Allan Macpherson.
The near <a href="https://www.realestate.com.au/property-livestock-qld-roma-7952110%20" target="_blank">6000 hectare grazing property</a> is subdivided into 11 main grazing paddocks.
There's an as new three bedroom Glendale home on the estate, as well as an older homestead, 12 dams, cattle yards, machinery and hay sheds.
Ruralco Property GDL agent John Sims has set an April 20 auction. 
Leichhardt's disappearance has been investigated by many, with the latest evidence suggesting the party may have gone missing somewhere in the Great Sandy Desert.
This article was first published in The Weekend Australian property section. 
 
 
 
 
 
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jchancellor-FAypfDUnLy

Historic Cogoon Station listed on Darling Downs

The North Maclean home which is set to feature on tonight&#39;s Selling Houses Australia is asking offers of over $529,000.

Initially seeking $539,000, the home is still for sale <a href="https://www.realestate.com.au/property-house-qld-north+maclean-126605726" target="_blank">after the renovation</a> from the Selling Houses Australia team.

Interior designer Shaynna Blaze co-ordinated a new coat of paint, new flooring, blinds and an upgraded kitchen, while Charlie spruced up the outdoor entertaining area.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/14/selling3.jpg" />

The 1970s home last traded for $315,000 in 2015.

It has three bedrooms and one bathroom on its two hectare parcel which includes two dams.

<img alt="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/14/selling4.jpg" />

Arrow Real Estate agent Jane Mitchell says the property has potential for a hobby farm, or a dog breeding or kennel business.

It has kennel licence for nine dogs and has previously homed former greyhound racers Income, Dusty, Trixie, Clarkie and Elly.

[smartcode_project:default project_id=22057 project_image_fid=150837]

jrobinson-rf4aSBido9

North Maclean home from Selling Houses Australia still for sale

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Pub investors searching for yield are shifting focus to Queensland’s market, according to CBRE’s H2 2017 Australia Pub Trends report.
CBRE hotels research manager Ben Martin-Henry said investors are being priced out and facing a lack of supply particularly in metropolitan New South Wales, so buyer attention is being drawn to south-eastern Queensland opportunities.
"However, the pub sector is one of the most tightly held in the country and it’s hard to find owners willing to part with prized assets,” Martin-Henry said. 
The report noted Newcastle has seen strong buyer interest recently, as has the Central Coast and Wollongong.
"Sales activity has increased noticeably, and yields have sharpened to around 9.5-10.5% for quality assets.”
In Victoria, buyers have been quick to snap up freehold and leasehold assets due to heated competition.
“Asset values have been relatively steady; however, larger operators keen on increasing market share are pushing values up by paying inflated prices to secure high-quality assets. Going-concern pubs have also grown in popularity, and as competition ramps up in 2018, this trend is likely to continue,” Henry said.
Freehold assets are currently achieving average yields circa 4.5-5.5%, while those in rural and regional areas achieve yields between 8-10%.
“Demand within the sector maintained its high levels during the second half of 2017 and is showing no signs of fading. 2018 is likely to see further tightening of yields along the eastern states, as the market reaches the peak of its current cycle,” Martin-Henry concluded.
Click here <a href="https://www.propertyobserver.com.au/images/2018/3/9/PUB%20NSW.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/PUB%20NSW.jpg" alt="">
 
Click here <a href="https://www.propertyobserver.com.au/images/2018/3/9/PUB%20VIC%20.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/PUB%20VIC%20.jpg" alt="">
Pub transaction yield spread, Queensland (pictured below).
 
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/PUB%20QLD.jpg" alt="">
 
Pub transaction yield spread, WA (pictured below).
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/PUB%20WA.jpg" alt="">
CBRE Hotels director Paul Fraser said there had been a significant weight of capital moving north from New South Wales and Victoria as buyers search for quality pub assets at higher yields.  
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Hot pub sector and sharp yields drive investors to Queensland

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Bensons Property Group chairman Elias Jreissati has launched a $230 million arts-inspired residential development on Chevron Island.
Chevron One, Chevron Island’s first high rise, will rise 40 levels above the village.
Offering 247 apartments wrapped in wave-inspired architecture, Chevron One is the first Queensland project for Bensons Property Group.
It has been acclaimed for its residential developments throughout Melbourne, having delivered over $2 billion in projects over nearly a quarter of a century.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/CHEVRON%205.jpg" alt="">
The benchmark apartment development is being marketed as appealing to a wide buyer demographic, from owner occupiers through to long-term investors.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/CHEVRON%203.jpg" alt="">
With development approvals in place, the Marchese Partners-designed Chevron One is poised to take shape at 36-44 Stanhill Drive, just 500m from the heart of Surfers Paradise, beach and light rail.
Buyers have the choice of one, two, three and four-bedroom apartments, with two-bedroom residences the dominant product. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/CHEVRON%204.jpg" alt="">
Each apartment features indoor to outdoor living spaces complemented by contemporary finishes such as stone benchtops, timber floors, luxurious bathrooms and kitchens designed by award-winning celebrity chef Shannon Bennett.
Apartments will overlook the Surfers Paradise skyline, the ocean, Nerang River and the hinterland depending on their location within the tower.
Residents will have access to an array of superb resort-style leisure facilities at ‘Club One’ including indoor and outdoor pools, a BBQ area, al fresco dining, gymnasium, yoga and sculpture garden, residents lounge and bicycle racks.
Apartments range in size typically from 51sqm to 162sqm with their outdoor areas varying from 13sqm to 75sqm.
Chevron One’s apartments are priced from $428,000 for one-bedroom apartments through to $2.95 million for the four-bedroom residences.
Construction of the tower is scheduled to be complete by early 2020.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/9/CHEVRON%206.jpg" alt="">
The lead selling agent is Christopher Jones, of Savills Gold Coast.
Prospective buyers can inspect the onsite display suite at 44 Stanhill Drive, Chevron Island.
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Chevron Island's first high rise launched

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A two storey Ninderry, Queensland three bedroom house has been sold by mortgagees for $313,000.
It was sold by Kate Henderson and Peter Bourke from Yandina Reality.
<a href="https://www.realestate.com.au/sold/property-house-qld-ninderry-126693970" target="_blank">The 17 Waterfall Road house</a> comes with three bedrooms, large open plan lounge and dining area and two bathrooms.
Its site value was $177,500.
According to CoreLogic, the suburb's median house price sits on $614,000.
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Ninderry, Queensland three bedroom home sold by mortgagee

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Queensland Sotheby’s International Realty has recruited elite sales executives former franchise owners of Explore Property in Ashgrove, Kelly Qualtrough and Sean Wallis.
The duo are the latest top agents to join the company, following in the footsteps of Port Douglas’ Barbara Wolveridge and North Gold Coast’s Lisa Halpin.
“We are thrilled to have Kelly and Sean as part of our rapidly growing team, both of whom are committed to excellence and have values aligning superbly with the Queensland Sotheby’s International brand,” CEO Paul Arthur said.
“They are known through-out Brisbane’s North west. They are a welcome addition to our Paddington (Brisbane) team.”
In 2017, Qualtrough and Wallis were responsible for the transactions of more than 100 properties while also successfully operating a strong property management business.
“It was a difficult decision for us to close the doors on our own agency – we are dedicated to our clients and knew we had to align ourselves with people we respect and a brand that can help us make a difference” Qualtrough said.
The pair’s extensive rent roll is merging with that of Queensland Sotheby’s International Realty’s property management division, which is headed up by director Blake Farquhar. 
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Kelly Qualtrough and Sean Wallis recruited by Queensland Sotheby's

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SeaLink has acquired the iconic tourism attraction, Kingfisher Bay Resort Group on Fraser Island.
It signals the establishment of a new SeaLink business hub in Brisbane.
The acquisition by SeaLink Travel Group Limited of Kingfisher Bay Resort Group was for $43 million.
The Kingfisher Bay Resort Group calendar year 2017 EBITDA was $7.9 million, and EBIT of $5.8 million, respectively.
The stockmarket was advised today that Cosmos Australia Pty Ltd, an entity owned by publicly listed Cosmos Initia Co Ltd of Japan, was disposing of their interest in the businesses to focus on residential development and other investment opportunities in Australia.
Cosmos Australia, together with their partner since 1991 Tourism Leisure Corporation, jointly developed or acquired, and operated the resorts and businesses
The property is on the World Heritage-listed Fraser Island, 300 kilometres north of Brisbane in Queensland.
The acquisition includes the two island resorts Kingfisher Bay Resort and Eurong Beach Resort, as well as Fraser Explorer Tours and the Fraser Island Ferry business operating from Hervey Bay to the Western side of Fraser Island. 
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Kingfisher Bay Resort Group accounts for 90 per cent of accommodation options and the majority of touring experiences on Fraser Island.
The purchase price of $43 million (plus working capital adjustments) includes land and buildings, plant and equipment, three vehicular ferries, a 30-vehicle touring coach fleet, all contracts, licences, intellectual property and goodwill. 
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The Queensland Government has welcomed the transaction and the establishment of SeaLink’s business hub in Brisbane.
SeaLink already has significant operations in Queensland, servicing Magnetic Island and Palm Island from Townsville, the LNG Plants on Curtis Island from Gladstone, North Stradbroke Island and the islands of Moreton Bay, and will add its new Brisbane office as a hub to complement its Adelaide headquarters.
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Cosmos Australia Pty Limited (“Cosmos”), a controlled entity of Cosmos Initia Co Ltd of Japan, partnered with Tourism Leisure Corporation to develop the Kingfisher Bay Resort which opened in 1992 and expanded their operations on Fraser Island by acquiring Eurong Beach Resort, Fraser Explorer Tours and Fraser Island Barges in 2002. 
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Kingfisher Bay Resort Group on Fraser Island sold to SeaLink

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The Federal Minister for Resources and Northern Australia Matt Canavan has bought up north.
He's secured a family home near Rockhampton, Queensland with his wife Andrea.
The palm tree-lined property cost the couple around $550,000.
It is set on 4,000 sqm near Yeppoon, just north of Rockhampton amid fruit and nut trees.
It has four bedrooms for the family of five.
It looks to be a smart purchase from the pollie, with it initially listed at $619,000. Those hopes were reduced to $599,000 then $585,000. 
Canavan still owns a Canberra bolthole, a Macquarie townhouse bought in 2009 for $499,500 just after he took a job at the Productivity Commission. A year later he was chief of staff in the office of Senator Barnaby Joyce.
Senator Canavan, the 36-year-old Minister for Resources and Northern Australia, has been considered a rising star since elected to represent the Liberal National party for Queensland in 2013 with Malcolm Turnbull appointing him to the ministry in 2016. He briefly stepped down during the citizenship saga last year.
This article was first published in the Weekend Australian property section.
 
 
 
 
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Senator Matt Canavan buys rural Queensland retreat

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Set at Cannonvale, Queensland, a two storey home has been sold by mortgagees for $150,000.
It was sold by Ray White. 
The rental price of the townhouse in the Island Close complex was $220 a week in 2016.
<a href="https://www.realestate.com.au/sold/property-unit-qld-cannonvale-127017014" target="_blank">The Island Drive house</a> came with two bedrooms and a lock-up storage shed next to the carport.
The living area flows out to a patio which overlooks a large lawn area and in-ground swimming pool.
According to CoreLogic, the suburb's median unit price is $201,500.
 
 
 
 
 
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