The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Queensland

<html><body>
Redcliffe in Qld is the fastest growing suburb for a unit, according to Investar’s latest market report.
The property investment firm states that Redcliffe’s growth has increased by 31% compared to last year.
This is followed by Box Hill in Victoria which had a growth of 26% with both Labrador and Varsity Lakes taking equal third place with 25%.
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="71">
Suburb
</td>
<td valign="top" width="71">
State
</td>
<td valign="top" width="71">
Dwelling type
</td>
<td valign="top" width="71">
Bedrooms
</td>
<td valign="top" width="71">
Median listing price
</td>
<td valign="top" width="71">
1 year change
</td>
</tr>
<tr>
<td valign="top" width="71">
Redcliffe
</td>
<td valign="top" width="71">
QLD
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
3
</td>
<td valign="top" width="71">
$599,000
</td>
<td valign="top" width="71">
     31%
</td>
</tr>
<tr>
<td valign="top" width="71">
Box Hill
</td>
<td valign="top" width="71">
VIC
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$347,500
</td>
<td valign="top" width="71">
     26%
</td>
</tr>
<tr>
<td valign="top" width="71">
Labrador
</td>
<td valign="top" width="71">
QLD
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
Studio and 1
</td>
<td valign="top" width="71">
$320,000
</td>
<td valign="top" width="71">
     25%
</td>
</tr>
<tr>
<td valign="top" width="71">
Varsity Lakes
</td>
<td valign="top" width="71">
QLD
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
3
</td>
<td valign="top" width="71">
$549,000
</td>
<td valign="top" width="71">
     25%
</td>
</tr>
<tr>
<td valign="top" width="71">
Penrith
</td>
<td valign="top" width="71">
NSW
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$389,000
</td>
<td valign="top" width="71">
     21%
</td>
</tr>
<tr>
<td valign="top" width="71">
Wollongong
</td>
<td valign="top" width="71">
NSW
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$475,000
</td>
<td valign="top" width="71">
     20%
</td>
</tr>
<tr>
<td valign="top" width="71">
Burwood
</td>
<td valign="top" width="71">
NSW
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$838,000
</td>
<td valign="top" width="71">
     19%
</td>
</tr>
<tr>
<td valign="top" width="71">
Port Macquarie
</td>
<td valign="top" width="71">
NSW
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$328,000
</td>
<td valign="top" width="71">
     19%
</td>
</tr>
<tr>
<td valign="top" width="71">
Lane Cove
</td>
<td valign="top" width="71">
NSW
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$750,000
</td>
<td valign="top" width="71">
     19%
</td>
</tr>
<tr>
<td valign="top" width="71">
Gladesville
</td>
<td valign="top" width="71">
NSW
</td>
<td valign="top" width="71">
Unit       
</td>
<td valign="top" width="71">
2
</td>
<td valign="top" width="71">
$750,000
</td>
<td valign="top" width="71">
     19%
</td>
</tr>
</tbody></table>
An example of a unit around the $599,000 median in Redcliffe is a three bedroom unit at <a href="https://www.realestate.com.au/property-apartment-qld-redcliffe-119198987" target="_blank">402/99 Marine Parade</a> (above) that is for sale for $599,000.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Queensland's Redcliffe fastest growing suburb for unit prices: Investar

<html><body>
New houses in Queensland are only occasionally sold at prices exceeding their potential resale value, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that the majority of cities in Queensland are either at the bottom, or about to reach the bottom, of the market or vice versa.
This can be seen in the rental vacancy situation for Queensland where there is a mixture of over-supply of houses and a balanced market, however it could also be because the demand for new houses have softened.
<a href="/images/2016/10/14/QLD%20units.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/QLD%20units.jpg" alt="">
Demands for new units alternate between soft and fair indicating that investors do not wish to purchase a unit at this time.
However the above graph indicates that the property cycle of units in Queensland are approaching the bottom of the market, which could see them decline for the time being until they recover.
Much like houses units are occasionally sold at prices exceeding their potential resale value.
<a href="/images/2016/10/14/QLD%20houses.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/10/14/QLD%20houses.jpg" alt="">
</body></html>

Bundaberg at bottom of the property market: HTW

<html><body>
Alderly is ranked the Queensland location where it is the fastest to sell a townhouse, according to Investar’s latest market report.
The property investment firm states that an average townhouse at Alderly can expect to be on the market for 73 days before being sold.
This is followed by Bardon at 74 days and Rochedale South at 78 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Alderly</td>
<td>4051</td>
<td>Townhouse</td>
<td>3</td>
<td>73</td>
</tr>
<tr>
<td>Bardon</td>
<td>4065</td>
<td>Townhouse</td>
<td>3</td>
<td>74</td>
</tr>
<tr>
<td>Rochedale South</td>
<td>4123</td>
<td>Townhouse</td>
<td>3</td>
<td>78</td>
</tr>
<tr>
<td>Burleigh Waters</td>
<td>4220</td>
<td>Townhouse</td>
<td>2</td>
<td>81</td>
</tr>
<tr>
<td>Miami</td>
<td>4220</td>
<td>Townhouse</td>
<td>2</td>
<td>86</td>
</tr>
</tbody></table>
This list was produced using live on the market sales listing data.
It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the fastest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
Low average days on market indicates that the market is turning over stock quickly which may indicate that demand is stronger than supply.
Townhouse for sale at Alderly at around the median price of $539,000 include a three bedroom townhouse at <a href="https://www.realestate.com.au/property-townhouse-qld-alderley-123250186" target="_blank">3/55 Moran Street</a> (above) that is for sale for $525,000.
</body></html>

Alderley townhouses taking 73 days on market before sale: Investar

<html><body>
Agnes Water is ranked the slowest sales location in Queensland to sell a house, according to Investar’s latest market report.
The property investment firm states that an average house at Agnes Water can expect to be on the market for 1086 days before being sold.
This is followed by Innisfail at 927 days and Kurrimine Beach at 866 days.
<table border="1" align="left"><tbody>
<tr>
<td>Suburb</td>
<td>Postcode</td>
<td>Dwelling type</td>
<td>Bedrooms</td>
<td>Days on market</td>
</tr>
<tr>
<td>Agnes Water</td>
<td>4677</td>
<td>House</td>
<td>2</td>
<td>1086</td>
</tr>
<tr>
<td>Innisfail</td>
<td>4860</td>
<td>House</td>
<td>2</td>
<td>927</td>
</tr>
<tr>
<td>Kurrimine Beach</td>
<td>4871</td>
<td>House</td>
<td>3</td>
<td>866</td>
</tr>
<tr>
<td>Coolum Beach</td>
<td>4573</td>
<td>House</td>
<td>2</td>
<td>796</td>
</tr>
<tr>
<td>Airlie Beach</td>
<td>4802</td>
<td>House</td>
<td>3</td>
<td>731</td>
</tr>
</tbody></table>
This list was produced using live on the market sales listing data.
It is also calculated at both a dwelling type and bedroom number level. It is designed to identify the slowest moving suburbs based on the average days a listing spends on the market at a suburb and property type level.
High average days on market indicates that the market is turning over stock slowly, which may indicate that demand is weaker than supply creating a stronger negotiation point for buyers.
Houses for sale at Agnes Water at the median price of $305,000 include a two bedroom home at <a href="https://www.realestate.com.au/property-house-qld-agnes+water-117917947" target="_blank">Agnes Water </a>(above) that is for sale for $319,000.
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Agnes Water houses taking 1000 plus days to find buyer: Investar

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GUEST OBSERVER
The Property Council of Australia has welcomed the release of the government’s draft revision of the South East Queensland Regional Plan. 
The refresh of the State Government’s seven year old regional land-use plan is an important moment for industry, councils and the broader community alike. 
The goal of the regional plan is to outline how future growth can be accommodated in a manner which maintains the enviable way of life for South East Queenslanders.
While it’s certainly not everything the property industry feels is required, it does appear the State has taken onboard a number of the recommendations we have made during the consultation process. 
These included a commitment to greater monitoring and reporting against the plan, a strategic assessment of environmental values and focus on delivering employment as well as housing across the region. 
The property industry will now be sifting through the detail of the draft to test the underlying assumptions and determine if the Government’s approach is realistic.
The Government has proposed a shift towards more infill development to meet future housing demand, with a new target of 60 percent infill and 40 percent greenfield over the next 25 years. 
What the industry wants to deliver is a wide range of housing choice for South East Queenslanders.
South East Queensland will need considerably more of every type of housing over the next 25 years, whether it is apartments, new homes, retirement villages or student accommodation. 
We will be analysing this nominal infill target to ensure that it doesn’t create any artificial constraint on the delivery of new houses, and have a corresponding impact on affordability. 
The proposed modest expansion of the urban footprint isn’t anything revolutionary, but it acknowledges that growth is inevitable and Government’s role is to appropriately cater for it in a sustainable manner. 
As industry pours over the detail, we will be looking to ensure that each community in SEQ has its own adequate supply of future housing and employment lands.
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A strategic region-wide assessment of environmental considerations has been flagged by the Government in the plan as the way forward to achieve an evidence-based approach to ecological protection. 
Industry strongly supports the push to identify with certainty those areas that should be protected from urban uses, and those areas where urban uses are agreed to be the highest and best use of the land.
This will not only reduce red tape, but also achieve far better environmental outcomes.
Public consultation on the draft plan will run until 3 March 2017. It is expected that the final plan will come into effect in mid-2017. 
Once the document is finalised, the Government must take the leadership role in ensuring that their plan doesn’t gather dust, but is implemented on the ground.
This will mean sitting down with local governments to understand what impediments exist to ensuring this land is delivered to market as quickly as possible. 
Given the plan’s emphasis on infill development, this leadership role will also mean offering greater support to local governments over contentious infill projects.” 
The Property Council has called on the Queensland Government to establish a $200 million Regional Project Fund to assist local governments in financing key infrastructure that will enable them to translate the new South East Queensland Regional Plan (SEQRP) into their local planning schemes. 
As our population grows, so too will the demand for housing. If we want to ensure South East Queensland is an affordable place to live into the future, we need to unlock new housing supply to match this demand.
Chris Mountford is Queensland executive director of the Property Council and can be contacted <a href="https://www.propertycouncil.com.au" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

South East Queensland Regional Plan refresh moves towards infill housing development

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Virtuoso, the West End riverfront development from Stockwell, recently sold 12 residences in 12 days.
The project sits on the former site of the Queensland Symphony Orchestra has three, four, and five bedroom residences, each with river views.
Selling agent for Virtuoso, Liz McSweeney, has been selling property in West End for six years and says its struck a chord with many owner occupiers. 
For more information, <a href="https://www.virtuosowestend.com.au" target="_blank">click here</a>.
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Luxury West End residential development sells 12 residences in 12 days

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There are currently bargains across all price points at Emerald in Queensland, according to Herron Todd White.
They are from the basic neat home built in the 1980s around $140,000 through to executive homes built in the 1990s selling at around $250,000 up to acreage selling in the range of $400,000 to $550,000.
The acreage had held firm the longest but in the past 12 months we have seen it come back significantly in line with the fall in single dwelling properties in town, the valuation firm advised this month.
"The market is currently in a position where you can get much more with a lot less money than you could four years ago.
"If you’re a first home buyer or have a deposit and ready to go, now is the cheapest time to buy in the past 11 years," it suggested.
Emerald has gone through four major building and construction booms over the past fifty years.
There was a major construction phase in the 1960s to 1970s of railway homes, housing commission and blue collar workers’ accommodation.
"These are now selling near the bottom of the market in the $120,000 to $160,000 range," according to Herron Todd White's latest monthly market report. 
The property advisory firm says that then there was the opening up of many coal mines in the Bowen Basin region in the late 1970s when mining companies built many homes in town from 1978 to 1994 of very similar design and style. 
These are now selling mostly in the $160,000 to $220,000 range.
"We then saw a large expansion of the town by private developers and our own council in the 1990s with many owner-occupier and custom built homes of the highest quality the town had ever seen.
"These were your large executive style homes along with a great expansion in the rural residential market.
"This created some prestige estates which still hold a premium today. 
"Then we saw the last boom from 2004 to 2012 which was the largest the town had experienced with many single dwellings and unit complexes being constructed.
"Some of these large, modern homes under ten years of age with pool, shed and located in good estates are holding at the top of the market in a range of $450,000 to $550,000, back from the peak of $700,000." 
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Queensland's Emerald offers residential bargains: HTW

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The main industry driver of the Mackay residential market over the past ten years has been the resource sector located in the Bowen Basin and the large service industry located in Mackay, according to Herron Todd White.
The mining sector had a significant boom which peaked during 2012 and 2013.
Mackay had the highest median house value for regional coastal cities in Queensland and one of the lowest vacancy rates (under 1 percent).
But the valuation firm has noted since this time, there has been a significant reduction in the mining industry with large redundancies, mine closures and flow on effects.
"This has seen the Mackay residential market fall up to 30 percent since the peak and vacancy rates blow out to in excess of 8%," its latest report noted.
It is considered that without an increase in the coal price and announcement of large projects, the Mackay market will not see any appreciable increase in value.
However, with every downturn there are some silver linings.
"Mackay was always seen as a mining town with inflated prices and increased costs of living associated with the high wages generated in the mining industry.
"Since the downturn, it is now considered Mackay is an attractive proposition to non mining workers such as teachers, police officers, firemen and ambulance offices, who would have not considered Mackay previously."
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Mackay prices now attractive to non-mining workers: HTW

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Elevation 183, taken from its 183 metres elevation above sea-level, has been listed in Queensland's Mowbray with $1.35 million hopes.
The one bedroom, two bathroom home at <a href="https://www.realestate.com.au/property-house-qld-mowbray-122607362" target="_blank">76 Spring Creek Road</a> offers views of the Coral Sea and Port Douglas.
Down the 450 metre concrete driveway sites the 1,100 sqm new build set on a vast 54 hectares.
The property has an in-ground pool, low maintenance gardens, 180,000 litre water tanks, underground power, communication lines and a utilities shed.
Tony McGrath Real Estate Port Douglas agent Callum Jones has the listing.
The property last traded for $665,000 in 2009.
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Elevation 183 in Queensland's Mowbray listed

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The veteran Melbourne property developer Michael Yates and wife, Lou have listed their luxury Port Douglas retreat for $8.8 million.
Surrounded by tropical flora and towering palms, the house takes its inspiration from the plantation-style British West Indies architectural vernacular - cathedral ceilings, columns and lots of louver shutters.
Set on the Wharf Road dress circle, the property was designed as three pavilions by architect Alex Gencur.
The property has been listed through Barbara Wolveridge of Raine &amp; Horne Port Douglas Mossman, in conjunction with New York agent Dolly Lenz. The marketing has been co-ordindated by Lynn Malone at Lynn Malone Design Travel Publicity. 
It was bought from the Juniper development family.
Yates has holidayed at Port Douglas for the last 40 years.
"I have visited other areas such as Noosa, Hamilton Island etc, and while they are very attractive, Port Douglas appealed to us more, as it has the most wonderful lifestyle, coupled with sophisticated restaurants, all year round moderate temperatures, and the people are very down to earth," he told Mansion Australia magazine.
He said that he's owned commercial properties in Port Douglas over the years, but 7 Wharf Street was his first house purchase.
"The house is one of the most appealing waterfront homes that I have ever encountered."
Yates is selling as he and wife Lou are building a home on the Murray River at Tocumwal in southern New South Wales, which they have in mind for future retirement.
Yates believes the market is showing significant signs of an upward turn, especially given the new waterfront restaurants following the completion of Marina Mirage.
The property joins other luxury offerings including The Edge, Port Douglas, a hillside Charles Wright designed trophy home, listed initially with a $7.4 million asking price, but now at $5 million plus.
The single-level two bedroom home located on Flagstaff Hill was built for the late Sydney industrialist Peter Graham and his wife Claire.  
It was listed while still receiving architectural commendations as it was only completed in mid-2014 to its design like an outdoor shell with cantilevered roof.
Wealthy property seekers in the Far North Queensland hamlet can also secure Villa Hemingway, spread across six-levels on Island Point Road, which has been listed for $14 million, through Wolveridge alongside Nicolette van Wijngaarden of Unique Estates Australia.
This article was first published in the Weekend Australian Mansion Australia property section.
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