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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Queensland is a significant step closer to having a world-leading health precinct at Brisbane’s Herston Quarter after Australian Unity today executed a series of agreements for the development.
The $1.1 billion Herston Quarter project is set to provide Queenslanders with access to state-of-the-art health, hospital and aged care services, as well as creating scope in the future for international standard research and educational facilities.
Health, wealth and living company Australian Unity will develop the precinct, which includes both public and private hospitals and residential options for retirees and those looking for aged care, and take an ongoing role in operating care services.
“This project embodies Australian Unity’s vision to create the social infrastructure people need, and we appreciate the Palaszczuk Government’s commitment to moving ahead with this important project for Brisbane and Queensland,” Australian Unity Group Managing Director Rohan Mead said.
“The exchange of contracts between Australian Unity and Metro North Hospital and Health Service for Herston Quarter is a vital step on the path to delivering stronger future health outcomes to Queenslanders,” Mr Mead said.
In August, the Palaszczuk Government announced Australian Unity as the preferred tenderer for the development of Herston Quarter after a rigorous selection process.
Located adjacent to the Royal Brisbane and Women’s Hospital in inner suburban Brisbane, the Herston Quarter is set to include a specialist rehabilitation and ambulatory care centre; a private hospital; residential aged care; retirement living and student accommodation; childcare; a co-working hub and education and training facilities.
“Australian Unity is a 177-year old member-based mutual organisation, so we can focus on longer-term projects such as Herston Quarter that deliver community value over time ahead of short-term shareholder returns,” Mr Mead said.
Australian Unity Chief Investment Officer David Bryant said the Herston Quarter as envisaged would bring together in one project much of Australian Unity’s broader business capacity.
“Herston Quarter will combine our experience in the construction of hospitals and the operation of ‘hard’ social infrastructure such as aged care and retirement villages with our expertise in the provision of ‘soft’ social infrastructure, such as our preventative health businesses, playing an integral part in the health research element of the project,” Mr Bryant said.
Mr Bryant said the overall project had a five to 10 year construction life, but would be completed in stages.
“The first building planned for construction is the public rehabilitation hospital, which we anticipate will be up and running by 2020,’’ Mr Bryant said.
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Australian Unity's Herston Quarter health precinct update

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The Real Estate Institute of Queensland said it was disappointed by the State Treasurer’s announcement that the government would not broaden the first home buyer grant to include established homes. 
Queensland Treasurer Curtis Pitt was under pressure from the real estate industry to widen the scope of the $20,000 first home owner grant to established homes, but has ruled out any changes, the Courier Mail reported earlier.
In response, REIQ CEO Antonia Mercorella said the government was not listening to the needs of regional Queenslanders. 
“Our concern is for the long-term impact and the bigger picture in regional Queensland, where new construction is exacerbating the oversupply issues that these markets are facing,” she said. 
“House values are falling, with some markets as much as 30 per cent below levels five years ago. Continuously adding supply of housing to oversupplied markets is irresponsible and will slow down any future recovery.
“The Treasurer wants us to believe the only way to economic stability is through residential housing construction, but that’s simply not true.
She said real estate is one of the state’s largest employers, with some 50,000 people employed in the sector, which provides the government with the single largest source of revenue through stamp duty and associated taxes. 
“Regional Queensland is facing unique challenges and the government must tailor its response to those challenges. 
She cited a recent CoreLogic report into affordability that said regional Queensland’s housing affordability was nearing similar levels to Melbourne. Wages are flat or are going backwards, the cost of living is higher and it’s harder to save for a deposit. Bankruptcies in regional Queensland are rising, with more than 80 reported last quarter in Mackay alone, she added.
“First home buyers in regional Queensland need more help than their southeast Queensland counterparts – and letting them use the grant to buy an established home would be a good start.  And it would help the real estate sector in regional Queensland stabilise. It would help slow or stop the fall of median values and it would help first home buyers get a foot on the ladder,” she said.  
“The government should offer first-home buyers the choice between new builds or established homes. Bring buyers to the market where there is ample supply – don’t keep adding to the supply. 
“Real estate has long been this state’s golden goose, but this government is in danger of killing off the goose. 
“Twenty-five regional mayors have given us their full-throated support for broadening the grant to established homes and this state government simply isn’t listening.” 
But Treasurer Pitt has been quoted by the media as saying “the strategic purpose of our $20,000 initiative is as much about getting Queenslanders into the property market as it is getting Queensland tradies back on the tools”. 
He said the building and construction sector creates jobs, stimulates the wider economy and keeps locals employed in the construction sector. 
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REIQ says Queensland government needs to expand FHB grant to established homes

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Queensland's rental market ended 2016 on a steady note, according to REIQ chief executive officer Antonia Mercorella.
She said signs were good that 2017 would bring improving conditions to regional Queensland.
“The data has shown that supply and demand in the rental market is fairly evenly matched in the southeast corner," she said.
"The vacancy rate in inner Brisbane has fallen to 3.6 per cent, which is very close to the healthy range and this is good news for both landlords and tenants.
"When vacancy rates are within the healthy range it means landlords can secure tenants comfortably and it also means tenants have the opportunity to secure appropriate and suitable rental accommodation.
"With the exception of the September 2016 quarter, Brisbane City has remained within the healthy range (2.5 percent - 3.5 percent) since December 2013, indicating the rental market is steady and well-balanced between supply and demand.
"Greater Brisbane’s vacancy rates have held steady in the healthy range for five quarters, falling to 3 percent this quarter.
"The Logan rental market weakened over the December quarter, reaching a vacancy rate of 3.3 percent, which is still within the healthy range."
Tourism Centres
<ul>
<li>After 13 quarters operating in the tight range, the Gold Coast rental market operated within the healthy range for the December quarter, reaching a vacancy rate of 2.5 percent.</li>
<li>Maroochy Coast was the tightest rental market in Queensland with a vacancy rate of 1.1 percent for December.</li>
<li>Noosa vacancy rates remained relatively steady with vacancy rates of 1.4 percent. This market has operated in the tight range for the past four years (since September 2012).</li>
<li>Rentals of medium to high density living in Noosa follow a cyclical performance with a market peak during the summer and holidays period. Vacancy rates of units in Noosa reduced from 3.2 percent in June to 1.4 percent in December.</li>
<li>The Cairns rental market remains generally healthy with vacancy rates at 2.4 percent for December.</li>
<li>Fraser Coast has experienced some volatility over the past eight years, however, it continues to operate in the healthy range, rising to 3.3 per cent in the December quarter.</li>
<li>Maryborough rental market recorded the largest increase in vacancy rates over the quarter of 3.2 percent, reaching vacancy rates of 5.6 percent, primarily due to new housing construction in the region.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/02/01/Screen%20Shot%202017-02-01%20at%2010.36.34%20am.jpg" target="_blank">Click 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/2017/02/01/Screen%20Shot%202017-02-01%20at%2010.36.34%20am.jpg" alt="">
Regional Centres
<ul>
<li>Toowoomba vacancy rate increased from 2.3 percent for September to 2.8 per cent for December. This market has operated within the tight and healthy range since the REIQ began reporting vacancy rates in 2008.</li>
<li>With the exception of Toowoomba, Gympie, Scenic Rim, Southern Downs and Tablelands, the rental markets in regional centres are weak with consistent low demand.</li>
<li>Southern Downs recorded the largest vacancy rate fall, dropping 2.2 percent, from 5.3 percent in September to 3.1 percent in December.</li>
<li>Vacancy rates in Bundaberg, Rockhampton and Townsville improved between 0.3 percent and 0.7 percent, but these markets are still weak.</li>
<li>Banana recorded the highest vacancy rate in the State of 15.2 percent in the December quarter.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/02/01/Screen%20Shot%202017-02-01%20at%2010.36.49%20am.jpg" target="_blank">Click 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/2017/02/01/Screen%20Shot%202017-02-01%20at%2010.36.49%20am.jpg" alt="">
She said signs were good that 2017 would bring improving conditions to regional Queensland.
“The State Government is focusing its jobs-creation programs on centres such as Gladstone, Rockhampton, Mackay and Townsville.
"Also, it is well-known that jobs and rental markets go hand-in-hand.
"When workers are made redundant they are often forced to leave town to search for work elsewhere and we are seeing many move to southeast Queensland.
"But the low Australian dollar will bring visitors to our tourism centres such as Cairns and Mackay and hopefully the rising coking coal price will benefit the mining centres such as Gladstone, Rockhampton, and Townsville, as well as western Queensland mining towns.
“A boost to employment figures will benefit the state’s housing market enormously.
"We have seen this at the Sunshine Coast, where the unemployment rate of 4.7 per cent (for September) sits well below state and national levels and it’s no coincidence that the vacancy rates on the Sunshine Coast are the lowest in Queensland,” she said.
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Queensland rental market improves over December quarter: REIQ

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A gold mine in Georgetown in central far north Queensland has been listed for sale for $5.5 million.
Located around 380 kilometres west of Cairns, the gold mine covers part of the <a href="https://mooloolaba.ljhooker.com.au/land_development-in-georgetown-qld-4871-au-hrygwq#.WEiiX1fbrFJ" target="_blank">historic Etheridge Goldfield</a>, Georgetown and the Palmer River.
The sale will secure the leases and some of the mining equipment.
Potential investors can make an immediate start to produce gold with a lease to Project Management Company in place.
The company have the experience, skill and knowledge to run a successful gold mine.
They have projected a return of 3445 troy ounces in the first year, which at the current sale price is equal to $6,039,085.
Year two and year three are projected to return 6891 troy ounces per annum, which would yield $12,237,693.
The world-wide gold price at $1,753 per troy ounce.
The current owner is nearing retirement having purchased the lease in 2009.
It's been listed through LJ Hooker Mooloolaba agents Jim Hughes and Yasna Hawthorne. 
The gold mine yielded 0.7 million troy ounces of gold between 1877 and 1920.
 
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Queensland gold mine for sale

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A new concept in commercial property is offering small businesses and investors the chance to enter the commercial market.
The low price of M-SPACE units, being built across Queensland, encourages entrepreneurs and tradies to move their businesses out of their garage or ute.
They get warehouse space plus mezzanine office.M-SPACE units can be used as offices, showrooms or storerooms and most come complete with kitchen and bathroom facilities and private hardstands.
Developments are being rolled out in Greater Brisbane at Wynnum, Cleveland and North Lakes, as well as Townsville.
M-SPACE development manager Hamish Jackson said the units were targeted at a large untapped market, with half the units at Wynnum already under contract.
“Many small business people and tradies struggle to operate out of their garage or the cabin of their ute.
But the high price of commercial property puts them off growing into new premises,” Mr Jackson said.
“Our units are designed and priced specifically for small businesses, start-ups, and mum and dad operators."
It is also tempting investor buyers who can’t afford to enter the residential property market to invest in commercial units instead.
The units are most price from $279,000 through David Gibson of commercial agent Colliers International, <a href="https://www.colliers.com.au/27089/">though some are priced at $120,000</a>. 
Owner of Pure Fresh Water, David James said he bought the largest unit in Wynnum to accommodate his small business.
“I have been paying rent in the shop for six years and now I will pay rent to myself,” Mr James said.
“I will own the unit so there’s a superannuation benefit for me as well.”
For more information visit <a href="https://m-space.worldsecuresystems.com/" target="_blank">https://m-space.worldsecuresystems.com</a>
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Start-ups quit their garages for M-SPACE in Queensland

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<img src="https://counter.theconversation.edu.au/content/69423/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The Carmichael coal mine planned for Queensland’s Galilee Basin has cleared another legal hurdle, with the state’s Supreme Court dismissing a legal challenge to the validity of the Queensland government’s decision to approve the project.
The court found in favour of the Queensland Department of Environment and Heritage Protection, ruling that its approval of Indian firm Adani’s proposal was within the rules.
The decision is another setback for environmentalists’ bid to stop the controversial project. But Adani does not yet have a green light to break ground on the project, and legal questions still remain, both about this project and about climate change litigation more generally.
<h2>The Supreme Court ruling</h2>
It is important to note that this was a judicial review proceeding – a narrow type of review in which the court is not permitted to consider whether or not the decision to approve the mine was “correct”. The court could only rule on whether correct procedures were followed, while accepting that the decision was at the government’s discretion.
Within this already narrow context, the argument on which the legal challenge hinged was even more constrained. It was brought by an environmental campaign group called Land Services of Coast and Country (LSCC), and was focused on a particular point of Queensland environmental law.
Queensland’s Environmental Protection Act 1994 requires that decisions are made in accordance with the Act’s objective, which is to deliver “ecologically sustainable developent”. LSCC argued that the government failed to do this in approving the coalmine.
The Supreme Court disagreed, finding that the government had considered all matters that it were obliged to consider. So in this respect, the Supreme Court’s decision is an endorsement of the process, but not necessarily the ultimate decision.
Is this the final hurdle overcome for Adani?
In short, no. The decision can be referred to Queensland’s Court of Appeal. There is also ongoing litigation against Adani in the Federal Court of Australia under federal environmental and native title laws. There are also some approvals yet to be obtained by Adani, including a groundwater licence.
Is this ruling a rejection of climate change arguments against the coal mine?
No. This case dealt specifically with the question of whether the Queensland government had complied with a particular aspect of the law. The Supreme Court did not (and was not able to) address the potential climate change impacts of the proposed mine.
These climate issues were addressed more fully by Queensland’s Land Court in the case of Adani Mining Pty Ltd v Land Services of Coast and Country Inc &amp; Ors (2015) QLC 48.
Importantly, the Land Court in this case accepted the scientific basis for climate change, and agreed that “scope 3 emissions” (that is, the emissions produced when the coal is burned overseas) are indeed a relevant consideration in whether or not to approve the mine.
However, Adani successfully used a “market substitution” defence, arguing that if the mine is refused, coal would simply be mined elsewhere and burned regardless.
What does this case say about climate change litigation more generally?
The latest judgement was handed down amid a series of fresh attacks on the rights of environmental groups to use Australia’s environmental laws to hold companies and governments to account. Federal Environment and Energy Minister Josh Frydenberg has raised concerns about “activists … seeking to frustrate” projects with “vexatious litigation”, while Prime Minister Malcolm Turnbull has revived plans to amend federal environmental legislation so as to restrict standing to apply for judicial review – the so-called “lawfare” amendments. 
In the wake of the new ruling, the head of the Queensland Resources Council has criticised the delays caused by litigation against mining projects.
This begs the question: is climate change litigation “vexatious”? A close analysis of Queensland court decisions would suggest the opposite. Climate change issues have been considered in a series of three key Queensland Land Court cases: Wandoan Mine in 2012, Alpha Coal Project in 2014, and the Carmichael Mine (Adani) in 2015. 
The Alpha Coal matter has proceeded to the Supreme Court, the Court of Appeal, and leave has been sought to appeal to the High Court of Australia. Importantly, none of these cases has been dismissed as vexatious; each resulted in a lengthy judgement analysing the complex legal issues raised by the objector.
Furthermore, although objectors have not yet succeeded in stopping a mining project on the basis of climate concerns, they have nevertheless made modest strides. Most recently, President McMurdo of Queensland’s Court of Appeal found that the Land Court must consider scope 3 emissions in deciding whether a mine should be granted environmental approval. This represents significant progress, given that climate science was questioned by Queensland Courts less than ten years ago. 
The only significant barrier remaining to a successful climate change case is the market substitution defence, which will be considered by the High Court if special leave is granted in the Alpha Coal matter.
Climate change litigation has also clarified other environmental and economic impacts. In the Carmichael Mine case, it was discovered that the mine site was a critical habitat for the endangered black-throated finch – evidence that was not previously available. The Land Court ordered strict conditions aimed at protecting this species. The litigation also served to clarify the significantly overstated economic benefits of the mine – particularly Adani’s estimate that it would generate more than 10,000 jobs. It was revealed in court that this figure was more likely to be 1,206 jobs in Queensland, as part of a total of 1,464 jobs in Australia.
Where to for climate change litigation?
Although the latest judgement is another setback for environmental groups, it is part of a bigger body of case law that is making real and discernible progress in ensuring that climate change is considered by decision-makers and courts.
Given that several courts have agreed on the validity of climate litigants’ arguments, it seems perverse for the federal government to try and restrict environmental groups’ right to continue raising these concerns.
Justine Bell-James is lecturer in law, The University of Queensland and author for The Conversation. She can be contacted <a href="https://theconversation.com/profiles/justine-bell-james-39245" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Carmichael mine jumps another legal hurdle, but litigants are making headway

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There are signs the southern Queensland rural market may be approaching a phase of property value growth, according to a report from Herron Todd White (HTW).
HTW's rural report for November said that the region has come off the bottom of the value cycle, but the big question now is how strong and sustainable will this phase be.
"Confidence is a very important contributing factor in any decision making process and this would appear to be something that is beginning to become quite abundant," it said.
"However care must be exercised not to misinterpret confidence with a need to buy for the sake of buying or to 'keep up with the Joneses'.
"The southern Queensland market, in general, has experienced a very good winter and the signs are there, especially on the inner downs, that many broad acre farmers are about to reap the benefits of the good season to date.
HTW said many areas escaped damage from 'wet feet' to their chickpea and wheat crops that southern areas experienced.
"All of the fallow country should have a very good moisture profile which will then set the region up for a potentially good summer," the report advised.
"In regards to the Maranoa region and points further west, they also enjoyed a better than average season with the country generally looking very good.
"Again, this sets them up for a good summer.
"You don’t have to be Einstein to work out that given the strength of the cattle market (despite the issues of low female numbers in the future), the fair to good seasons primary producers have experienced over the past 12 to 18 months and the fact that the cost of borrowing money has never been cheaper, all the ingredients are there to suggest there is the potential that it could run for some time."
These positive agricultural factors are good signs for the area's property market, HTW said.
"We are now at a point in the cycle reminiscent to the early 2000s and before that the mid 1980s.... just prior to the upward run in the respective market cycles.
"Unfortunately the lesson we learned from those periods was that what went up ultimately came down. Sustainability is the key and given the multitude of issues that arose from the past two cycles, it should not be a hard lesson to learn. However we sometimes have very short and selective memories."
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Southern Queensland rural market slated for growth: HTW

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A retail property, comprising a McDonald’s and 7-Eleven service station, that fronts directly onto the Gold Coast Highway at Palm Beach on the Gold Coast, has been sold for $8.525 million.
Set on a 3,011sq m corner site, the property is located at the intersection of 19th Avenue, the major east-west intersection at Palm Beach.
The property was sold by Jon Tyson and Michael Harcourt of Savills to a local private investor following a marketing campaign that generated over 250 enquiries and eight offers.
The sale reflects a sharp yield of 5.46 percent.
Jon Tyson said the Palm Beach property presented an extremely rare retail offering, 100% leased to dual national anchor tenants and with exposure to more than 34,000 passing vehicles daily.
<img src="/images/2016/11/18/Palm%20Beach%207-11%20McDonalds%201.jpg" alt="">
He said both McDonald’s and 7-Eleven have both occupied the site since it was developed in 2001.
They are secured on long-term net leases with fixed annual rental increases.
The sale represents the first time the property has been offered to the market.
Palm Beach is located on the southern Gold Coast, approximately 14km south of Surfer Paradise and just 10km north of Coolangatta Airport.
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Savills sell Palm Beach McDonalds for $8.525 million

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Bribie Island in Queensland is hosting an auction which will allow interested parties to bid from their own homes using broadcast technology.
Ray White's in-room event on the island is set for nine properties.
It will incorporate live online bidding.
Kris Bradford, Ray White Bribie Island principal said it was an event of firsts.
“The auction will be telecast in real time and with real bids,” Bradford told Domain Group.
Bradford said they still expect 60 to 70 people to come out despite the option to bid from home.
“I don’t think numbers will change just because people can bid online – but I do think we’ll get a big increase of viewers.” 
Ray White agent Julian Ellis has six of the nine properties.
The <a href="https://www.realestate.com.au/property-house-qld-white+patch-115192579" target="_blank">130 White Patch Esplanade</a> property has had the most attention from buyers.
<img src="/images/2016/11/01/Esp.jpg" alt="" width="395" height="200">
It’s on 2000 square metres on the water.
The listing for <a href="https://www.realestate.com.au/property-house-qld-bongaree-122684258" target="_blank">3 Miramar Street</a> suggests a recent sales contract crashed and the house must be sold.
<img src="/images/2016/11/01/ESPLANADE.jpg" alt="" width="394" height="234">
The nine properties that will be auctioned on November 18 are:
<ul>
<li>
<a href="https://www.realestate.com.au/property-house-qld-white+patch-115192579" target="_blank">130 White Patch Esplanade, White Patch</a> </li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-bongaree-122684258" target="_blank">3 Miramar Street, Bongaree </a></li>
</ul>
<ul>
<li>
<a href="https://www.realestate.com.au/property-house-qld-bongaree-123456450" target="_blank">24 Gidya Avenue, Bongaree</a> </li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-bongaree-123905970" target="_blank">58 Wattle Avenue, Bongaree</a></li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-banksia+beach-120701565" target="_blank">29 Dianthus Avenue, Banksia Beach </a></li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-bellara-123825930" target="_blank">50 Bellara Street, Bellara </a></li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-woorim-123875686" target="_blank">24 Arcadia Avenue, Woorim </a></li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-banksia+beach-123946102" target="_blank">15 Avon Avenue, Banksia Beach</a>
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-banksia+beach-122952178" target="_blank">10 Magdalena Court, Banksia Beach</a>
 
</li>
</ul>
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Bribie Island auction allows parties to bid online

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Hughesville, a heritage-listed home in Queensland's Eight Mile Plains, has sold for $1.3 million.
It is set to become real estate offices.
After spending over four years on the market, I-Sale Property bought <a href="https://www.realestate.com.au/property-house-qld-eight+mile+plains-116979219" target="_blank">2497 Logan Road</a> which had $1.7 million hopes in February 2012.
It was only the fourth time the home has traded since 1892. It last sold for $1 million in 2007 to Bennett Carroll Solicitors.
Designed by architect George Campbell-Wilson, Hughesville was originally built as a wedding gift for local horse dealer Richard Hughes. It remained in the Hughes family for a century.
Its original grandeur was restored in 2004 after plans were approved by the Queensland heritage council. 
Set on 3366 sqm, the Queenslander has three offices and a meeting room.
In the late 1990s Hughesville was featured as a home being renovated by a couple in a XXXX brewing commercial.
MV Real Estate selling agent Lynda Roberts said it was difficult finding the right buyer due to its heritage restrictions.
“There was a lot of people wanting to use it as a wedding venue, but couldn’t due to the tight restrictions,” she said.
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