Rob Steer's&nbsp;<a href="https://www.apartments.com.au/developers/steer-developments">Steer Developments</a> is doubling-down on Palm Beach, expanding its footprint with a new tower near the sand.

Steer has joined the ranks of developers taking up what is becoming precious land on Jefferson Lane, one row back from the beach.

He is seeking to develop Jardin, a nine-level, code-assessable building with 40 two- and three-bedroom apartments at 234-236 Jefferson Lane. Steer worked with the landowners to put together three sites totalling 1,242 sqm.

Steer had Plus Studio design the building, which "unfolds" among curated gardens, the Design Report submitted to the Gold Coast Council noted.

It said the building is&nbsp;“inspired by the essence of the Mediterranean, framed by sunlight, shaded by greenery, and elevated by form”.

A central architectural spine is accentuated by vertical planting, while stepped terraces to the west cascade toward the highway with integrated greenery.

<img alt="Jardin Palm Beach" data-entity-type="file" data-entity-uuid="b8a7b037-2c7b-4e68-bc8f-9b24d9cef99d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Jardin%20Palm%20Beachh.png?VersionId=Eia97cxNAYVxLUHziQxLq_uDCUE0aMfp" />

The proposal includes eight levels of apartments above a ground floor and two basement levels. There will be 24 two-bedroom and 16 three-bedroom apartments on offer.

The resident amenity is located on the ground level and will feature a swimming pool, gym, sauna, and barbecue deck.

Steer is currently delivering&nbsp;<a href="https://www.apartments.com.au/new-apartments/c-te-palm-beach-3-thirteenth-avenue-palm-beach">Côte</a>, just 17 apartments nearby on Thirteenth Avenue. After GCB, the builder of the project, collapsed, Steer brought development in-house, establishing SunBuilt.

Steer is the latest to join the ranks of Jefferson Lane. Recently Josh Foote's Ignite Projects launched Retreat Palm Beach, and Tim Gordon's Gordon Corp, in another joint venture with the Mathieson family, launched Elle on Jefferson.

Joel Robinson

First look: Steer joins Jefferson Lane, Palm Beach apartment boom with Jardin plans

Prolific South East Queensland developer Sherpa Group has snapped up two more Palm Beach sites to expand it's affordability focus Flourish brand of apartments.

They have paid a combined $30.5 million for the sites, an 810 sqm block at 7-9 Sixth Avenue, and a 2,050 sqm site at 1156-1164 Gold Coast Highway. The two sites will become Sherpa's third and fourth Flourish project locally, after Ovana and Flourish on Sixth. The developer expanded into Brisbane recently, launching Symphony, another under the Flourish banner.

Together, the Palm Beach acquisitions represent more than $42 million invested into the suburb in just over a year, underscoring Sherpa’s pivotal role in the suburb’s transformation.&nbsp;

The acquisitions follow the near-completion of Perspective Nexus and $110 million in rapid sales at Flourish on Sixth.

Christie Leet, founder of Sherpa Property Group, said the latest acquisition reflects the group’s ambition to lead Palm Beach’s renewal.&nbsp;

“Palm Beach is buzzing, but it’s been near impossible for locals to find something new that fits their lifestyle and budget,” said Leet.&nbsp;

“There’s a significant price gap between beachfront and non-beachfront properties – typically around 30 per cent, but in Palm Beach it can be closer to 100 per cent.&nbsp;

“That presents a tremendous opportunity, and we believe it’s our obligation as Sherpas to identify and deliver it for our community.”

Flourish projects are positioned as an attainable alternative to beachfront towers, offering design-led interiors, rooftop amenities and sweeping ocean views ideal for buyers ranging from young couples to rightsizers and families.&nbsp;

Leet said the response to Flourish on Sixth highlighted the unmet demand in Palm Beach.&nbsp;

“So many locals told us it was the first time they’d been able to buy into the Palm Beach apartment market,” he said.&nbsp;

“We’ve loved seeing buyers who’d previously been priced out finally get the chance to secure a home here – and that’s exactly what we want to keep delivering.”&nbsp;

The proposed development at 7 and 9 Sixth Ave will feature Flourish’s signature rooftop amenities and is scheduled to launch later this year, with construction planned to commence in Q1 2026 in partnership with local builder LPS Group.

Meanwhile, 1156-1164 Gold Coast Highway will showcase a ground-floor commercial precinct contributing to the vitality of Palm Beach as well as the renowned Flourish-style amenities, with the development application slated to be lodged next month, and construction anticipated to start mid-2026 by LPS Group, pending approval.&nbsp;

“Our partnership with LPS Group means we can and will deliver on our commitments, and that certainty gives buyers real confidence,” Leet added.&nbsp;

“Working together allows us to manage quality and timelines more effectively as we scale our pipeline across the region.”&nbsp;

Sherpa Group snaps up two more Palm Beach sites to expand Flourish brand

Kedron is the latest Brisbane suburb in-line for a large, mixed-use new precinct that will reshape the suburb.

George Weston Foods Limited,&nbsp;one of Australia and New Zealand's largest food manufacturers, has filed plans for a 3.6-hectare mixed-use precinct dubbed in the planning application as Bakery Square.

The proposal marks the first formal step in the long-anticipated transition of the former Top Taste factory site at 466–488 Gympie Road.

The application seeks preliminary approval via a variation request to facilitate a future urban renewal precinct comprising residential, commercial, retail, and community uses alongside new public open space.

According to the Town Planning Report by Urbis, the intent is to repurpose a strategically located parcel of low-impact industrial land into a connected, amenity-rich, medium-density lifestyle destination. The development would front one of Brisbane’s busiest public transport corridors and adjoin Bradbury Park, a 6.5-hectare green space.

<img alt="Kedron masterplan" data-entity-type="file" data-entity-uuid="c47d15a0-13f7-4e11-a957-c421599c4160" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/masterplan_0.png?VersionId=sQ5ApjQnSMymcAPF_1oQHA_MOPagbgz4" />

The proposal seeks to align with emerging policy directions under Brisbane: Our Productive City and the Brisbane Sustainable Growth Strategy, both of which identify the need to unlock “transition sites” for housing supply.

“The timely conversion of the site’s former industrial land will contribute to the supply of much-needed housing, especially within Brisbane’s core residential corridors," the assessment report noted.

<img alt="Kedron site" data-entity-type="file" data-entity-uuid="c3383033-10ce-4bdd-ae1b-00ac5fcd3b4f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_1.png?VersionId=yURNBeOOXL1.q3jZDexGuRX7ehVH1.gg" />

The precinct planning covers approximately 36,405 square metres over two lots: 30 Glentanna Street and 474A Gympie Road, both currently zoned Low Impact Industry and within the Chermside Centre Neighbourhood Plan area. The proposal is subject to impact assessment and has been referred to the State Assessment and Referral Agency for review.

The submitted documents frame Bakery Square as a key opportunity site on Brisbane’s northside. The Urban Context and Master Plan Report identifies the precinct as a “critical location” for establishing a contemporary mixed-use environment, capable of delivering the kind of holistic placemaking seen in other major Brisbane redevelopment areas.

Four defining characteristics support the site’s transformation:

<ul>
	<li>Proximity to transport: Located along Gympie Road, the site benefits from existing high-frequency bus services and planned future upgrades under Brisbane Metro Stage 2 to Carseldine.</li>
	<li>Lifestyle potential: With access to Chermside, Royal Brisbane and Women’s Hospital, and other employment nodes, the proposal aims to deliver a liveable, connected precinct.</li>
	<li>Co-location with green space: Bradbury Park offers an established recreation anchor, described as a “rare opportunity to co-locate high density living, a lifestyle precinct and open space.”</li>
	<li>Uncommon scale: The 3.6-hectare landholding is a rarity in Brisbane’s inner-northern suburbs, offering a blank canvas for integrated precinct planning.</li>
</ul>

Design evolution has been central to the application’s development. A height transition strategy has been proposed to mediate built form across the site and surrounding context. The tallest elements will be centrally located, stepping down toward Gympie Road, adjacent residential areas, and Bradbury Park. An “urban common” forms the heart of the site and integrates new public open space, pedestrian links, and activated edges.

“This is one of the most critical locations to establish a new mixed-use precinct with significant development uplift on the northside of Brisbane,” Urbis noted in the Urban Design Report.

“Bakery Square can provide the housing, amenity, and local character expected of a modern, infill lifestyle precinct”.

<img alt="Kedron Terraces" data-entity-type="file" data-entity-uuid="d3139767-1ccc-4c54-a929-9007ce50a375" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/masterplan%20terraces.png?VersionId=Bbl8KWayOHtGpsUeRz6.JLskqop5xjlN" />

The built form strategy anticipates mid-rise development consistent with the emerging character of Gympie Road. According to the variation document, the maximum height sought is 10 storeys (approx. 35m), though individual buildings and sub-precincts are expected to vary. The proposed code amendments would enable staged delivery across multiple sub-areas within the site, balancing residential intensity with commercial, retail, and urban services.

From a housing perspective, Bakery Square represents a significant potential boost to Brisbane’s infill supply. While the DA does not lock in a specific number of dwellings at this stage, planning documents suggest a strong emphasis on diverse housing typologies, including apartments and build-to-rent options.

The Town Planning Report notes that “the proposal enables a planning framework that will facilitate the eventual delivery of residential housing typologies to support emerging demographic needs” and directly respond to the housing supply targets identified in ShapingSEQ 2023.

<img alt="Kedron commercial masterplan" data-entity-type="file" data-entity-uuid="617fc5cf-1a92-475c-8244-8c6d859fcfc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/masterplan%20commercial.png?VersionId=jHMPFVecoryM4XkeIi4psY3SnAbQnDEn" />

George Weston Foods Limited, an ASX-listed entity and one of Australia’s largest food manufacturers, has owned and operated the site for over five decades. The former Top Taste baked goods factory ceased operations in 2020. Since then, the property has been used intermittently as a warehouse and for contractor works associated with the recent Gympie Road upgrade.

Surrounding the site, the local context is typified by a mix of medium-density residential, retail, and light industrial uses. Chermside Westfield, Prince Charles Hospital, and the Chermside Health Hub all lie within 1.5km, reinforcing the precinct’s strategic position. The area is also undergoing broader transition, with the Kedron Future Growth Node flagged for long-term renewal.

First look: Bakery Square precinct to breathe new life into Brisbane's Kedron

As demand grows for greener, more energy-efficient homes, one of the Gold Coast's oldest developers is setting a new benchmark for sustainable living.

Founded in the late 1950s by visionary developer Bernard Lewis, Lewis Land is creating what it calls the most sustainable project in the city’s history at Biggera Waters. <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> is the first development in the region to achieve a 6 Star Green Star Community V1.1 rating from the Green Building Council of Australia — a world-leading sustainability standard.

[smartcode_project:default project_id=113271 project_image_fid=247080]

With buyers increasingly prioritising sustainability in their decisions, Harbour Shores aligns with strict environmental standards while fostering a walkable, fossil-fuel-free lifestyle that resonates strongly with modern purchasers.

The project also represents the largest in Lewis Land’s 65-year history, spanning over 16 hectares. Its masterplan incorporates features such as water-retention tanks, solar power, and EV charging stations, alongside the planting of more than 200,000 tropical and native plants. This integration of nature and technology supports energy-efficient living and promotes a resilient community designed for intergenerational living and long-term wellbeing.

By excluding natural gas, residents will be able to use 100% renewable energy sources — significantly reducing their carbon footprint through solar, wind and hydro power. They will also have access to 100% GreenPower®, improving air quality by eliminating harmful emissions from cooktops, ovens and heaters.

[smartcode_project:default project_id=113271 project_image_fid=4578]

Energy bills will be reduced thanks to smart design, including double-glazed windows, energy-efficient appliances, and cooler roof colours. Rooftop solar panels will further cut household costs while reducing CO₂ emissions.

On-site rainwater harvesting will irrigate gardens, saving thousands of litres of potable water each year, while water-efficient appliances will further reduce consumption and costs inside the home.

[smartcode_project:default project_id=113271 project_image_fid=290028]

Designed by BDA Architecture, the precinct will evolve over the next decade into a vibrant “village of villages,” housing more than 4,000 residents. The masterplan includes a mix of apartments, villas, communal open spaces and parklands, a 1.2-kilometre waterfront boardwalk, private marina berths and a suite of resort-style amenities.

Respected local builder Greyburn has been appointed to deliver the first boutique buildings, scheduled for completion in mid-2026.

[smartcode_project_cta:default project_id=113271]

Urban Editorial

Sustainable living at Harbour Shores: better health, lower bills

Apartment king Harry Tribugoff is progressing with the next stage of Pagewood Green, its Westfield-anchored Eastgardens precinct in Sydney's eastern suburbs.

Meriton will deliver another 200-plus apartments across three interconnected buildings ranging in height between seven and 13 levels. There will be two retail tenancies as part of the $130 million stage, as well as a&nbsp;suite of communal recreation and landscaping elements.

The developer has been approved for over 214 apartments, but is seeking to reduce the density to just over 200 to "align with broader market trends" that prioritise larger apartments, and a shift towards owner-occupier preferences in new developments.

<img alt="2 Tingwell Boulevard in Eastgardens" data-entity-type="file" data-entity-uuid="4500be81-f5c6-473c-b712-a43c8cb5dd58" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Meriton%20eastgardens%202.png?VersionId=F9sST02sqMFD50oQIfNPDHP_B36YjU6j" />

According to the compliance statement submitted with the application, the proposed design continues to meet key planning and urban design criteria, including deep soil planting, tree canopy coverage, integration of cycle and pedestrian paths, and full EV readiness across residential car parking.&nbsp;

Architecture for the project has been led by <a href="https://www.apartments.com.au/architects/plus-architecture">Plus</a>,&nbsp;which noted that materials and articulation across the podium and tower forms aim to create a “village-like character” consistent with Pagewood Green’s vision.

There will be a near-1000 sqm communal open area on the level one podium for residents with a barbecue area and associated areas for dining and seating. In addition to this space will be accessible terraces on levels 10 and 9 along the western tower form with sitting areas and views to south eastern suburbs.

On ground level there is also a mixture of areas from a swimming pool, spa, sauna and gymnasium providing on-site amenity to the future residents.

Meriton first launched the $3 billion masterplan, known as Pagewood Green, in 2016. At the time it was called the biggest project undertaken by the developer. The 16.5-hectare block was previously home to the former&nbsp;British American Tobacco manufacturing plant and the former General Motors-Holden factory.

At the time, Triguboff said that Pagewood Green would provide some of the most spacious apartments in the area.

“Bigger apartments are in short supply and, because of this, they are achieving the strongest rental increases.”

Meriton secures $130 million approval for next stage of Pagewood Green masterplan

Rockhampton

<html><body>
The retail markets in Rockhampton and Gladstone have been similar in their evolution over the years, from their original beginnings in the heart of their respective CBDs, according to the latest Herron Todd White (HTW) commercial report.
The valuation firm took a look at the changing faces in the retail sector across the nation. 
The report suggested whilst retailers continue to occupy these traditional areas, the changing demands of retailers and shoppers, the lack of parking, supply, and general retail economic conditions have resulted in ongoing vacancies within these precincts (East Street and Goondoon Street precincts).
Most tenants within these precincts are now generally local retailers and food outlets supporting the commercial businesses in the area. Rentals within this precinct are substantially less than those within shopping centres and the area therefore attracts new retail and commercial businesses that are sensitive to the affordability of the rental.
The HTW valuers note: "There are a handful of neighbourhood shopping centres that have evolved from the more traditional convenience centres. Convenience centres were typically anchored by a small grocer and supported by other convenience tenants such as butchers, bakeries, fish and chip shops, post offices etc.
"The changing way people now shop, including the introduction of online grocery shopping, and the emergence of the larger players in the local markets has resulted in a number of changes including a shift towards larger neighbourhood shopping centres generally anchored by an IGA, Coles or Woolworths supermarket.
"This has resulted in increased vacancies and issues with rental affordability within the smaller traditional convenience centres. We consider that the retail space will continue to evolve with new challenges created by technology."
As rental levels and affordability have become a critical factor for local retailers and smaller convenience grocers have made way for larger neighbourhood supermarkets, it has also seen a shift in the profile of tenant that retail centres appear to be trying to attract.
In many centres, there has been a slow shift from traditional retail outlets to medical and health focused tenants, who typically can afford the higher rentals that these centres demand.
In terms of what tenants are looking for now as opposed to 10 years ago, some of the most notable items are good exposure, good on-site car parking, disability access and single level tenancies. It is becoming increasingly difficult to lease retail tenancies that have no parking or are in double storey walk up buildings.
"We have seen a softening of rentals in recent years and an increase in incentives required, seen to a greater extent in Gladstone than in Rockhampton as a result of the local market conditions," the valuer noted.
"We consider that these have now stabilised to a new norm, however for tenancies in secondary locations or with poor presentation, leasing is difficult and extended periods of vacancy are being seen." 
A Rockhampton City retail property has been listed for lease with the price of $25,00 per annum (pictured above)
Located at <a href="https://www.realcommercial.com.au/property-retail-qld-rockhampton+city-502968730" target="_blank">300 Bolsover Street</a>, the 210 square metre property consists 60 square metre of cafe, 150 square metre of storage and car park.
Other features include refrigerator display cabinet, stainless steal and cold room.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/4/berserker.jpg" alt="">
Another Rockhampton site is now on the market with the sale price of $780,000 (pictured above).
The site situated at <a href="https://www.realcommercial.com.au/property-retail-qld-berserker-502718514" target="_blank">59-61 High Street, Berserker</a> consists of two lots including one with a 653 square metre block of three shops and the other 645 square metre vacant one for lease. 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Ongoing vacancies in the Rockhampton and Gladstone retail markets: HTW

<html><body>
Three as-new warehouse/office/showroom buildings have been listed for auction in Rockhampton.
Located at 6 Dooley Street, Park Avenue (pictured above), the buildings are leased to two established businesses.
The tenants are Olive &amp; White Cabinet Making.
Plus Rifen Marine, the largest chandlery in Central QLD which is also a Mercury dealership.
They have both signed onto five year leases until July 2023 plus options to 2028.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/4/Dooley%201.jpg" alt="">
The tenants will pay outgoings as per the leases and there are CPI annual rent reviews.
The freehold freehold corner site (pictured above) is 2,691 sqm fully concreted and sealed and has on-site parking for 20 vehicles.
The building area is only 930 sqm.
The net income is advised as $172,200 pa + GST.
The auction is set for October 23.
</body></html>

Rifen Marine warehouse premises listed in Rockhampton

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

Laurence Dragomir

Woods Bagot and Urbis revitalise Rockhampton Riverside precinct

<html><body>
There is stagnation in the industrial development market in Rockhampton.
Most projects in growth precincts within the industrial market in Rockhampton were undertaken during the last market boom and development of industrial land has been fairly stagnant in recent years, according to the latest report from Herron Todd White (HTW).
The valuers noted that the industrial precincts in Gracemere are slowly being absorbed by the market.
There is still development soon to be undertaken within the Gracemere Industry Park (near Toll), with land to the rear approved to be developed into medium and light impact industrial allotments.
It is unknown when this land will be developed.
The valuers stated that the Livingstone Shire Council has been releasing industrial lots to the market within its Gateway Business and Industrial Park.
The estate comprises six stages in total with a proposed 71 lots.
The lots range in size from 2,000 square metres to 1.3 hectares.
Stage 2 has been developed and is currently available for sale.
The valuers at HTW believe "this supply of industrial land will provide for Yeppoon’s industrial market for some time".
"Major infrastructure projects that will assist in stimulating growth of the industrial sector will be the proposed Ring Road project as well as the Rookwood Weir."
In general, the industrial market for the first half of 2018 has continued at a steady pace.
The report forecasts that recovery of the coal price and green shoots within surrounding mining towns as well as local infrastructure projects will help the "recovery of the industrial market" in Rockhampton for the remainder of the year.
</body></html>

Stagnant industrial development market in Rockhampton: HTW 

<html><body>
A former Bunnings Warehouse in Rockhampton is for sale for the first time in 17 years after the home improvement giant relocated nearby.
The 7,660 square metre building (above) last traded for $2.2 million in 2001. 
In 2017 when they confirmed the relocation, Bunnings general manager of property Andrew Marks suggested plans were under way to re-purpose the building.
Bunnings have moved down the road from 452-488 Yamba Road to the corner of River Rose Drive and Yaamba Road - better known at the old Masters Home Improvements site.
Their new store spans another 4,000 square metres of retail.
Savills agents Peter Tyson and Jon Tyson are marketing the old premises until July 26.
Savills national retail director Peter Tyson said the building represented a significant holding located in the heart of the region’s large format retailing precinct and offers numerous value-add possibilities for potential owner-occupiers, retailers, developers and investors.
“The building is fully air-conditioned and would be readily adapted for reuse, with options including certain retail, large format retail or bulky goods uses, vehicle and outdoor sales, industry and self-storage uses," he said.
“The complex occupies a prominent 26,626 square metre site with enormous frontage to Yaamba Road, the local section of the Bruce Highway, which features over 9.2 million cars passing the site each year."
The Yaamba Road commercial precinct is bookended by the new Bunnings Warehouse to the north and the 58,000 square metre Stockland Rockhampton Shopping Centre to the south, and is also home to the Red Hill Homemaker Centre, as well as various national retailers including Harvey Norman, Amart, Petbarn and Spotlight. 
“It is interesting to note a long list of national retailers not present in the Rockhampton market and trade area analysis reveals an enormous available catchment extending east to Yeppoon and west to Emerald and beyond, with almost 230,000 people forecast to reach over 250,000 people by 2031,” Peter Tyson said.
Earlier this month Savills listed the Bunnings premises in Warragul outside of Melbourne, which is currently tenanted to Bunnings.
</body></html>

jonathanchancellor-7SQnKwU6yx

Former Bunnings Rockhampton warehouse up for grabs after relocation

<html><body>
The weakening Rockhampton residential market may yet have hope as construction picks up.
The Rockhampton market has been weakening for some time now with relatively sales numbers steady over the past few years, according to the June report from valuation firm Herron Todd White.
January to March was overall quite positive, providing a good start to the year and while the months since have not been as buoyant, there are still signs within the area that market improvement is just around the corner.
The report noted that, overall the housing sector has continued to plod along with no real stand out areas although the prestige market has seen more activity in recent times.
The prestige market has seen more activity in recent times with a number of sales over $1 million and a few close to that.
There is still good buying within most price brackets, with the best buying being in the sub $300,000 established homes.
"Newer homes have tended to hold their prices better over the past few years but are still offering buyers good value for money", suggests the report.
"The construction of new homes has improved slightly, however there is still a way to go, generally due to modern established homes offering better overall value for money at the current time."
A number of unit projects are in progress in various areas throughout the Rockhampton area, one of note, The Gallery, (pictured) which is the latest Riverside high rise apartment complex, is all but completed, with a number of units still available for purchase.
The Skyview complex is also under construction with units still available and The Loft apartments are getting pre-sales together.
New walk-up units are also available on both sides of the river in older more established areas.
The report noted that, older units are generally priced in the lower section of the market and are generally offering good buying.
The second half of the year is looking positive, with a number of projects both small and large either about to start or that have had announcements with funding pending.
Rookwood Weir and the lingering project are the two largest projects that are mooted for the area, stated the valuers.
Should either of these go ahead, they will help drive the Rockhampton and Central Queensland economy in the future.
Should further action towards these projects take place within the next few months, it is expected the property market will react positively.
Other projects taking place in Rockhampton include the construction of the Rockhampton Hospital Carpark and the soon to start duplication of the Capricorn Highway to Gracemere and the Bruce Highway Northern Access upgrade.
The valuers at HTW forecast that, the Rockhampton market will through these projects and other factors see future market improvement.
</body></html>

Weakening Rockhampton residential market may yet have hope as construction picks up: HTW 

<html><body>
A home in Berserker, a suburb of Rockhampton in Queensland, has been sold by the mortgagee in possession.
The home, described as <a href="https://www.realestate.com.au/sold/property-house-qld-berserker-126281270" target="_blank">one for the entertainer,</a> fetched $189,000 when sold earlier this week.
Set on 1010 sqm, the home has three bedrooms and a swimming pool but needs 'some TLC to bring it up to its full potential' suggests the marketing.
Nikki Skinner at Century21 Solutions sold the home.
It last traded for $128,000 in 2007.
 
<h2 class="medium-heading" data-reactid="77"> </h2>
</body></html>

jrobinson-rf4aSBido9

Rockhampton home sold by mortgagee 

<html><body>
Rockhampton’s retail market is expected to continue in line with activity seen throughout 2016, according to a recent report by property valuation firm Herron Todd White report.
“While we anticipate that general real estate markets may improve in 2017, there is likely to be continued downward pressure on retail rentals and a strong presence of incentives given the current high vacancies in this sector in Rockhampton,” the report said.
In spite of this, well anchored centres with good access and exposure are anticipated to hold their rental values.
"Whilst the independent local retailers appear to be bearing the brunt of local economic conditions, we are aware that major retailers and supermarket chains continue to search for key sites in Rockhampton for possible expansion, which provides a more positive outlook for 2017," the report said.
Investors are actively looking for retail properties, but are sensitive to tenant strength and unexpired lease term/WALE of properties.
Evidence of this sensitivity has been seen recently on a neighbourhood retail centre which was under contract on a circa 10% yield, said HTW.
"This contract has subsequently fallen over due to a tenant not exercising an option," the report stated.
"Demand for speciality retail tenancies in neighbourhood shopping centres in Mackay is moderate and vacancy rates have increased. This has been caused by the local economic downturn."
Local sitting tenants in neighbourhood shopping centres have negotiated nominal rental reductions on market review.
“We are not aware of any new leases in these centres in Mackay over the past year. There is a risk that market rentals could ease as landlords lose their tolerance for vacancies,” the report cautioned.
HTW pointed out that a notable retail sale was the IGA West Mackay complex in December 2016 at $9.25 million to show an analysed market net yield of approximately 7% after allowance for the value of a vacant site included in the transaction.
The complex was completed in 2013 and is anchored by IGA (Metcash) with other tenants including BWS (Woolworths) and Sullivan Nicolaides Pathology (Sonic Health Care).
It sold with a very long WALE of 14.76 years which was strongly influenced by the IGA lease which expires in 2033.
"The sale is consistent with national demand for good quality lease covenants particularly to non-discretionary (supermarket) retailers," it said.
</body></html>

Rockhampton retail market to continue as is while demand for tenants in Mackay rises: HTW

<html><body>
Entrepreneur Ron Bakir, the founder and CEO of HomeCorp Group, is offering six weeks rent free for a tenant for his investment property near Rockhampton in Queensland.
The <a href="https://www.realestate.com.au/property-house-qld-zilzie-417949322" target="_blank">Zilzie four bedroom home</a> cost Bakir $290,000 in 2010.
It is priced at $290 a week for a 12 month lease, considerably less than its peak $410 a week rental in 2012.
Bakir, who established the mobile phone chain Crazy Ron, hit national headlines when he bankrolled Schapelle Corby's defence when she was imprisoned in 2005.
He has just found a tenant for a Surfers Paradise investment where he is based.
Bakir's lavish Chevron Renassaince penthouse remains on the market.
The sprawling two level penthouse spanning over 1000 sqm of space has four bedrooms, a wine tasting area, gym and sauna and took two years to create.
This article first appeared in the Weekend Australian Mansions Australia section.
 
</body></html>

firstname1-iYD4UYzvBa

Ron Bakir offering six weeks rent free for Rockhampton investment property

<html><body>
Despite some promising signs in the September quarter, the December quarter brought more pressure on the Rockhampton median house price, according to REIQ's latest report.
This resulted in a fall of 5.9% to $273,000 over the final quarter of 2016.
The Rockhampton house market has declined by 5.2% this year and 10.8% over five years and is now the most affordable market measured in the QMM report.
The unit market was too small to record a median unit price; with just 16 transactions this is not a meaningful sample size.
A two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-west+rockhampton-124634514" target="_blank">73 Eton Street</a>, West Rockhampton (above) has been listed for $275,000.
Similarly a two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-west+rockhampton-124445730" target="_blank">46 Jardine Street</a>, West Rockhampton (below) has been listed for $259,000.
<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/2017/03/16/46%20Jardine%20Street.jpg" alt="">
 
</body></html>

Rockhampton

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Rockhampton

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.