Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Sunshine Coast

<html><body>
EXPERT OBSERVER
Tim Lawless of CoreLogic wrote on Property Observer recently that roughly half the sub-regions of Australia have rising property prices, including about 40% of capital city sub-regions and 60% of those in regional Australia.
Those numbers paint a starkly different picture to the relentless daily line-up of click-bait headlines telling us that prices are falling across Australia.
Last week I highlighted areas around Melbourne and in regional Victoria near the capital city where prices have risen a lot in the past year and continue to rise strongly. Some of the growth rates are eye-boggling.
In contrast to headlines declaring that Melbourne values are falling by $1000 a week, I’ve found myriad suburbs right across the Melbourne metropolitan area where prices have grown more than 10 percent in the past 12 months and have also had growth in the latest quarter.
The standout sub-market with declining median prices is the top end – the suburbs with million-dollar median prices. Elsewhere, growth markets greatly outnumber those that are in decline, especially in the outer-ring areas.
Here’s another example of current strong growth: the Sunshine Coast.
I’ve just completed a research exercise which included making a list of regional Queensland locations where there’s been double-digit growth in median prices in the past year, plus meaningful growth in the most recent quarter.
Suburbs in the Sunshine Coast region dominate that list.
And I’m happy to say I predicted it. Based on the massive pipeline of infrastructure projects and other big developments, I’ve been shouting about looming growth in this market for the past two years.
When there’s $20 billion being invested in a relatively small regional city, price growth in the residential market is inevitable – provided developers don’t saturate the market with new product. To date, the Sunshine Coast has avoided the Gold Coast’s tendency towards over-supply.
So prices are growing. At a Sydney seminar last week I met a developer who had sold a Maroochydore penthouse for $6 million and an apartment on the floor below for $5.7 million. Those are startling numbers for this location.
Noosa, after a long period of under-achievement, has returned to growth recently. In annual terms, its median house price is up 14 percent, while units are up 12 percent, according to CoreLogic data. Noosaville and Tewantin have both grown 11 percent.
Nearby, Sunshine Beach is up 17 percent and the median house sells for around $1.4 million.
Heading south, Coolum Beach has risen 12 percent and nearby Mount Coolum is up 22 percent.
There is a long list of other Sunshine Coast locales with annual growth above 10 percent.
But the star performer is the upmarket water-based suburb of Minyama, where the median house price has risen 46 percent to $1.31 million, according to CoreLogic figures. Whenever I see a price growth statistic like that, I instantly think “statistical aberration” – usually caused by a small sales sample. But Minyama has recorded 60 sales in the past 12 months so the sample is not a problem. 
I checked other price data sources, which provide estimates of the median house price ranging from $1.25 million to $1.4 million. One records an annual growth rate of 46 percent and another says 49 percent, while a third source says the median price has risen around 8 percent in the past quarter alone. But other sources have more moderate price rates, so go figure.
Overall, it’s a strong picture of growth across this vibrant market.
Why is it so? Because billions are being pumped into this economy. 
The new medical precinct alone has been an enormous catalyst, including the $2 billion University Hospital and the adjoining private hospital, as well as smaller specialist facilities. 
These facilities have brought thousands of new residents to the Sunshine Coast, many of them well-paid and looking for quality homes.
Terry Ryder is the founder of hotspotting.com.au
<a href="https://mailto:ryder@hotspotting.com.au">ryder@hotspotting.com.au</a>
twitter.com/hotspotting
</body></html>

terryryder-YECXbqmri2

Sunshine Coast a property price growth leader: Hotspotting's Terry Ryder

<html><body>
The Sunshine Coast has seen an increase in the gentrification of established suburbs, particularly coastal and beachside localities where the availability of vacant land for new builds is scarce, according to the latest Herron Todd White (HTW) residential report. 
Therefore the opportunity to renovate and cash in on the current demand for these areas is seen as a viable alternative, the valuation firm advised.
The report suggests the main driver of gentrification within these older areas is the location close to amenities and the beach. 
The Sunshine Coast also has some large infrastructure projects which are attracting a significant number of people.
A major attraction to the established areas within the central Sunshine Coast is the prospect of the new CBD which is currently under construction.
Moving further north, the areas of Mount Coolum, Yaroomba and Coolum Beach are seeing increased demand with access to the new international airport being a major draw card.
Up north in the Noosa region, the areas in Sunrise Beach, Sunshine Beach and old Tewantin near the river and town centre and also Noosa Junction are seeing a significant number of renovations and re-builds, once again, location close to shops, cafes and beach or river being the biggest attraction.
The southern areas of the coast have already seen and will continue to see the benefit from the medical precinct and Sunshine Coast University Hospital.
"The majority of renovations are being completed by owner occupiers," the report noted.
"Typically they are looking to stay in their current location which may be close to schools or the beach and they want to create their dream home."
The report noted the added benefit is that over the past 12 months, well-presented properties with good quality renovations have attracted a premium as purchasers are seeking properties that require no work to be done.
However these properties have mostly been along the coastal strip where demand outweighs supply. One example in Peregian Beach was a property purchased for around $580,000 in original condition. The purchasers completed a full renovation and this property recently sold for just over $900,000.
"Renovations have typically been restricted mainly to housing but we have started to see renovations being completed on older walk up style unit complexes," the valuation firm noted. 
"The risk with these renovations is that if the body corporate is not in a position to do works to the exterior of the building, this may detract from the internal renovation and therefore may not achieve the desired result.
The typical entry price point for these types of properties along the coast ranges from $550,000 to $750,000 however, the entry price point within the northern suburbs of Sunshine Beach and Noosa Heads is typically $900,000 and $1.1 million for properties that require extensive renovations.
"The demand for this market is expected to continue with proximity to the beach being top of mind given the coast life style," it advised
A recent sale was a three bedroom Tewantin home which was traded for $672,000 (pictured above).
Situated at<a href="https://www.realestate.com.au/sold/property-house-qld-tewantin-129388826" target="_blank"> 36 Butler Street</a>, the circa 1956 home comes with three bedrooms, two bathrooms, separate living areas, and large kitchen.
The existing home could be renovated or to build a second property alongside. 
<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/2018/10/26/burderim.jpg" alt="">
Another example was a renovated four bedroom Buderim home which has been sold for $660,000 (pictured above).
Situated at 21 Jingellic Drive, the renovation of the house include two bathrooms with a total cost of $80,000, free standing timber vanities and LED lit niches.
The rest of the home internally remains in a near original condition. 
</body></html>

j.ballantyne1990-6AQqhLzZaK

Sunshine Coast suburbs' gentrification leading to renovation demand: HTW 

<html><body>
The award winning Peregian Beach home of professional surfer Julian Wilson has gone under contract.
The luxury Pelican Street home had around $4 million hopes when listed late last month.
Wilson paid $3,325,000 for the Tim Ditchfield-designed home with external zinc cladding and concrete and timber features in 2015.
<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/2018/10/17/wilson2.jpg" alt="">
In 2009 it was awarded House of the Year and received a Regional Commendation by the Australian Institute of Architects.
Crafted with a split-level floorplan, the home has walls of glass which look out to the ocean.
An outdoor entertainers terrace with built in barbecue overlooks the infinity-edge swimming pool and spa.
<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/2018/10/17/wilson1.jpg" alt="">
There are four bedrooms, a home office and a media room.
Wilson, a Coolum Beach native, was ranked number three on the World Surf League Championship Tour last year.
He was famous for swimming toward surf legend Mick Fanning when he was attacked by a shark in South Africa.
 
</body></html>

jrobinson-rf4aSBido9

Surfer Julian Wilson has offer on luxury Sunshine Coast home

<html><body>
The retail market on the Sunshine Coast has generally reflected the overall retail markets of south-east Queensland over the past three year period, 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. 
"We have seen very strong yield compression for national tenant type holdings appealing to a larger regional style market," the report noted.
"We have also seen some investors begin to change their overall offer for stand alone holdings where appropriate and there’s been a re-positioning of some centres, primarily with a new focus towards food and entertainment offerings."
Several small neighbourhood centres in secondary overall locations have placed café-style tenants as primary tenants and have used these as the main draw to fill surrounding tenancies if the café tenant gets a strong following.
There has been a mix of hits and misses with this approach to date, which mainly fluctuates on the quality of the food tenant.
A former bulky goods type retail centre in Maroochydore opposite the southern entrance to Sunshine Plaza has also begun to reposition along the same lines, it noted.
"Recent placement of a health food supermarket, gym and two café-style operators has begun to change the dynamic of the centre, which had significant vacancies over the past three year period."
HTW noted the Ocean Street precinct had remained strong over the past two years, which is another area that has centred on a food and entertainment offering.
The Sunshine Plaza extension is also continuing which will add a David Jones and Big W to the overall offer.
The expansion will see the centre increase to 107,000 square metres with a further 100 specialties as well as a renovation of the existing facility and addition of 1,500 car parks.
</body></html>

Café-style tenants becoming major drawcards for Sunshine Coast retail cenres: HTW

<html><body>
A shopping centre in the Sunshine Coast town of Yandina has hit the market.
Yandina Shopping Centre, on the corner of Old Gympie Road and Farrell Street, is anchored by a 1,000 square metre IGA supermarket and also has a mix of specialty stores.
A separate adjoining 1.214 hectare title, which is approved for development, is also included.
The centre has a net income of $988,583 and a Weighted Average Lease Expiry (WALE) of 6.34 years.
The property is being marketed by CBRE agents Rem Rafter, Brendan Robins, Michael Hedger and Joe Tynam through an expression of interest campaign.
“It’s a high performing centre with development land, as well as the main trading precinct’s only supermarket,” Rafter said.
“The centre’s future development, which would see it more than double its current size, will only further capitalise on the growing catchment and provide a critical retail centre for decade.”
Expressions of interest close on Wednesday, 31st October 2018 at 4pm.
</body></html>

Yandina Shopping Centre on Sunshine Coast hits the market 

<html><body>
<div>The Shakespeare Property Group has settled the $100 million purchase of the Novotel Twin Waters Resort on Queensland’s Sunshine Coast from the Abacus Property Group.</div>
<div> </div>
<div>
<div>This is Shakespeare's fifth major hotel acquisition bringing their total room stock to more than 1,200 rooms, this includes two other hotels managed by AccorHotels – Pullman Cairns International and Novotel Oasis Resort Cairns.</div>
</div>
<div> </div>
<div>Located between the Maroochy River and Mudjimba Beach, the Novotel Twin Waters Resort site (pictured above) is set on a 36 hectare holding comprised of the low-rise resort with 361 hotel rooms.</div>
<div> </div>
<div>Shakespeare have stated that their current aim is to improve the current facilities to position the resort as a "leading" business events venue and leisure resort in Queensland. </div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2018/9/26/Novotel%202.JPG" alt=""></div>
<div> </div>
<div>Matt Young, Vice President of Operations for AccorHotels in Queensland and Northern Territory said that AccorHotels is proud to strengthen its business partnership with Shakespeare Group.</div>
<div> </div>
<div>The $100 million purchase of the resort comes right as construction of tourism infrastructure on the Sunshine Coast has picked up including the new runway and terminal facilities being developed for Sunshine Coast Airport and two new 5-star hotels approved over the past six months.</div>
<div> </div>
<div><img src="https://www.urban.com.au/images/2018/9/26/Sunshine%20Coast%20Airport.JPG" alt=""></div>
</body></html>

Shakespeare Property Group has purchased the Novotel Twin Waters Resort

<html><body>
<div>All nine commercial tenancies at the new beachside development, The Hedge at Buddina, have sold for $5 million to local investment group, Sunshine Coast Private Commercial.</div>
<div> </div>
<div>Off Market Real Estate principal Chris Cameron who negotiated the sale said the development’s commercial precinct had drawn a flood of local and intestate interest.</div>
<div> </div>
<div>He said, “its exceptional quality and proximity to schools, bus links, major shopping and professional services including the $2 billion Kawana Health precinct make it an excellent investment.”</div>
<div> </div>
<div>The majority of the nine tenancies include an outdoor terrace area and range in size from 47 sqm to 74 sqm.</div>
<div> </div>
<div>“Rising economic confidence for the region is pushing up residential sales, and on the back of that the commercial sector is performing well,’’ Mr Cameron said.</div>
<div> </div>
<div>When completed, The Hedge at Buddina located at 5 Bermagui Crescent, Buddina, will offer 97 apartments presenting a floor area up to 158 sqm over five storeys.</div>
<div> </div>
<div>It is located an hour north of Brisbane by road.</div>
<div> </div>
<div>The Hedge at Buddina benefits from a regional development strategy unfolding over the next two decades which will see the economy triple to $33 billion, the creation of 100,000 new jobs in high end industries and household incomes exceeding the Queensland average.</div>
<div> </div>
<div><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/2018/9/19/Kawana.jpg" alt=""></div>
<div> </div>
<div>The project adjoins the newly upgraded Kawana Shopping world (pictured above) which has been earmarked for further major improvements in the near future including a Gold Class cinema complex and new specialty shops.</div>
</body></html>

The Hedge at Buddina commercial tenancies sell for $5 million

<html><body>
Curve Birtinya on the Sunshine Coast has announced that it has reached $13 million in sales.
The $37 million waterfront project from Cube Developments features 55 one, two and three bedroom apartments.
Construction is expected to start on the project in December.
<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/2018/8/27/Rooftop%20REVIEW%2001F_small.jpg" alt="">
Cube Developments’ Scott Juniper said the project’s freehold ownership is attracting retirees and empty nesters and the past eight weeks had seen a surge of sales activity.
“The last two months has seen 30% of the project sold as owner occupiers see the benefits of targeted waterfront living within walking distance to new hospitals and other world class social infrastructure,” Juniper said.
“Stockland new $100 million dollar shopping centre with Coles and Aldi as major tenants, six restaurants and 40 assorted retailers opens on December 6, adding strongly to the developments’ appeal.
“For empty nesters, retirees or buyers looking to get a foothold in the booming Birtinya market with a view to settling here in the future, Curve Birtinya has so much to offer.
“Residents can paddle on the lake, jog around the shorefront boardwalk, visit local restaurants and cafes, workout in the onsite gym or enjoy a Sunday morning coffee in the beautiful park next door.
“Plus it’s pet friendly and walking distance to the beach.”
</body></html>

Sunshine Coast residential development Curve Birtinya hits $13 million sales

<html><body>
Sunshine Coast residents will soon be able to make use of Queensland’s first grand linear park.
Located within Palmview’s largest masterplanned community, Harmony (pictured above), the first $3.1 million phase is set to be completed by mid-August.
Once fully complete, the park will span more than five hectares and run the length of 10 football fields.
AVID Property's Bruce Harper said he was thrilled to be nearing the opening the first phase of the park.
“The Grand Linear Park will be a popular new hub for the whole community to come together and enjoy spending time outdoors, an exciting new addition not just for Harmony residents, but for the entire Coast.”
The Grand Linear Park (pictured below) will ultimately be made up of a series of local parks, each with individual facilities.
<img src="https://www.urban.com.au/images/2018/7/4/Harmony%20Aerial.JPG" alt="">
Phase one will provide two hectares of community space and the first stage of a large network of interconnected cycle and walk ways.
Phase one of the park will house three separate play areas, and an outdoor fitness centre.
“With 90% of our residents at Harmony set to be within 250 metres of a local park, getting outdoors to enjoy the Sunshine Coast’s active lifestyle will be not only easy but accessible for everyone,” Harper said.
</body></html>

Construction underway on linear park at masterplanned Sunshine Coast community

<html><body>
The Sunshine Coast holiday home of media boss Matthew Horton and wife Roxane has been listed for sale.
The Marcus Beach property last traded for $2 million in 2011 when bought from Lorna Clarkson, the fashion designer creator of the Lorna Jane activewear brand.
Set on 785 sqm on absolute beachfront, with its own private path to Marcus Beach, the home has been listed through Tom Offermann Real Estate agent Nic Hunter who is asking for $2,495,000.
The Horton family, along with the Wilson family, were the founders of the New Zealand Herald, New Zealand's largest daily newspaper.
<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/2018/7/3/marcus.jpg" alt="">
Matthew, the son of former Herald owner Michael Horton and philanthropist Dame Rosie Horton, recently shut down its coldset printing plant in Queensland.
He blamed "grossly uncompetitive behaviour" by competitor Fairfax Media.
“Fairfax has totally and absolutely destroyed the profitability of the coldset web printing market in Australia," Horton said.
Matthew and Roxane have a base in Clayfield.
This article was first published in the Weekend Australian.
</body></html>

Sunshine Coast

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Sunshine Coast

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News