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

Woolloongabba

Developer Sarazin are staking a claim as one of the most prominent developers in the booming Woolloongabba precinct.

Having successfully sold out Silk One, well before Brisbane were announced as the host city for the 2032 Summer Olympics, they've just launched their next Woolloongabba apartment tower.

The development has been called Murcia, given the inspiration for the design was based off the Spanish orchard city, renowned for its relaxed Mediterranean ambiance and lush landscapes.

The HAL Architect-designed tower was crafted so residents could enjoy an all year round alfresco lifestyle, with deep balconies and numerous outdoor amenities.

[smartcode_project:default project_id=135094 project_image_fid=214645]

&nbsp;

&nbsp;

Murcia Residences will deliver a collection of one, two, three and four-bedroom apartments, all designed to offer spacious and open plan living.&nbsp;

The generous proportions of the living spaces seamlessly blend indoor and outdoor living, allowing residents to bask in the Queensland climate while enjoying views of the city, the river, and the verdant eastern suburbs.

Residents will have a choice between Terracotta or Clasico colour schemes, meaning each home will be personalised ensuring a bespoke experience.&nbsp;&nbsp;

[smartcode_project:default project_id=135094 project_image_fid=214651]

Crowning the development will be a suite of residential amenity, including an infinity pool, accompanied by private poolside cabanas and sun lounges.

There will also be a wellness area offering cold and warm magnesium plunge pools, a sauna, steam room and outdoor showers, as well as alfresco private dining and barbecue facilities.&nbsp;

Aside from the luxurious features within Murcia, residents will also benefit from their positioning within East Brisbane.&nbsp;

[smartcode_project:default project_id=135094 project_image_fid=214682]

A mere 500-metre walk away from&nbsp;Murcia lies the new Cross River Rail Station, slated for completion in early 2025, with the convenient transportation hub se to connect residents to the rest of the city.

Completion on Murcia Residences is slated for March 2026. Prices start from just over $600,000.

[smartcode_project_cta:default project_id=135094]

The HAL Architect-designed tower was crafted so residents could enjoy an all year round alfresco lifestyle, with deep balconies and numerous outdoor amenities

alisonwarters@gmail.com

Sarazin launch Murcia Residences in the heart of Woolloongabba's Olympic precinct

Plans have been lodged for a 14-storey residential tower in Brisbane's inner-city suburb of Woolloongabba.

The plans were filed by a company tied to former Olympian Edward Fernon, who since giving up athletics has been focused on property development. He is currently the managing director at Freedom Development Group and a development partner of Escarpment Estates, a new development on the grounds of the former Katoomba Golf Course in the Blue Mountains.

Mecone, the Sydney-based town planner who filed the plans on behalf of Fernon, said the intent&nbsp;of the development is to create a mixed-residential building which caters for a range of different housing needs.

39 apartments are set to be delivered across the 61 Regent Street site, along with 33 studio apartments for short term rental and three studios for rooming accomodation, designed by Sydney-based architects, Place Studio.&nbsp;

<img alt="Woolloongabba" data-entity-type="file" data-entity-uuid="b3c540b3-a212-4e50-9571-bc6d977cc10c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-19%20at%209.51.17%20am.png?VersionId=PhMc7R_JQn_O8MEw.LBCrVq6DFRf.MeA" />

The mezzanine level and levels one to three will comprise the co-living residences, while the standard apartments will be housed from levels four through to 11.

A mix of apartment types will be on offer, with seven one-bedroom, 30 two-bedroom and two three-bedroom apartments.&nbsp;

The built form presents as 12 storeys to Regent Street and is of a consistent built form to adjoining approvals. The development has a well-articulated façade which incorporates landscaping to enhance the sub-tropical design.

The architecture will be well-articulated through a variety of building materials and finishes, with landscaping featured throughout the design through raised planters on the lower levels and on the rooftop, enhancing a sub-tropical setting.&nbsp;

Brick cladding covers the ground floor, contrasting the balance of the built form, which is comprised of rendered cladding.&nbsp;

The facade of the building will presents a darker paint finish on the southern side, with the northern side containing a lighter paint finish, while timber panelling features on the underside of each balcony slab adding a finer grain detail, particularly when viewed from the street, with a mix of glass and concrete balustrading adding further articulation to the façade.&nbsp;

<img alt="61 Regent Street Woolloongabba" data-entity-type="file" data-entity-uuid="91326167-77b6-4342-9e0b-33be2abda080" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-01-19%20at%2010.07.12%20am.png?VersionId=yFemr9yuQhO9iMECQ8L4twEpgQz6hzwp" />

514 sqm of indoor and outdoor communal space will be incorporated across the site, with the mezzanine floor set to include a barbecue area and shaded areas.&nbsp;

Crowning the tower will be 141 sqm of communal open space, with an additional barbecue area slated, along with a 100 sqm communal room leading onto a courtyard and balcony.&nbsp;

Woolloongabba is undergoing significant growth which is reflective of the high density residential zoning and the proximity to the University of Queensland, Buranda Village, Carl Street Park, the Princess Alexandra Hospital, and the Gabba Cricket Ground.

The site also has excellent access to the Brisbane CBD through active, public and private transport, with public transport accessible via the nearby bus stops on Cornwall Street and Ipswich Road, whilst the future Brisbane Metro 1 line will be accessible from the Buranda busway station, with the Buranda railway station providing further public transport options.

Active transport routes are also an option, with the Southeast Freeway Bikeway providing further connection to the city.&nbsp;

Recently&nbsp;Queensland developer Sarazin submitted plans for their next tower in Woolloongabba following the success of Silk One.

They've&nbsp;lodged plans for Nuage, two side by side towers at 14 Wellington Road, which will home 368 apartments across the two 20-level buildings, divided by a central communal garden.

<a href="/news/qld/dual-woolloongabba-apartment-towers-nuage-lodged-as-sarazin-plan-for-2032-brisbane-olympics">Read more:&nbsp;Dual Woolloongabba apartment towers, Nuage, lodged as Sarazin plan for 2032 Brisbane Olympics</a>

Mecone, the Sydney-based town planner who filed the plans on behalf of Fernon, said the intent of the development is to create a mixed-residential building which caters for a range of different housing needs

First look: Former Olympian lodges plans for a Wooloongabba residential tower

Local Brisbane developer Sarazin is tweaking the next two towers of its popular Silk Lane development in the heart of Woolloongabba's Olympic precinct.

Sarazin is seeking to add more levels on the two towers which will literally look into the famed The Gabba, the focal point of the 2032 Summer Olympics.&nbsp;

In a community engagement report, Sarazin said the aim to design larger apartments reflects current buyer demand.

"The apartments are aimed at families and downsizers seeking to enter the area of Woolloongabba, as it is revitalised by Cross River Rail and the Olympics," the report noted.

They'll be adding another 34 apartments to the two towers which were approved at 20-levels per tower. They're now wanting Silk Two to rise 25 levels and Silk Three to reach 32 levels. Both of the towers have been designed by Nettleton Tribe, who designed Silk One.

<img alt="Silk One Two and Three" data-entity-type="file" data-entity-uuid="8ffb7196-89df-4a54-af75-76998e489c41" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.11.51%20am.png?VersionId=hc4W8z60Fu3yR2VDDZQPQAeEP6Tdv2SC" />

Silk Two will have 146 apartments, a mix of 36 one-beds, two thirds with a multi-purpose room, 80 two-bed apartments, and 30 three-bedders. Silk Three will have 239 apartments, 69 one-bedrooms, 102 two-bedrooms, 60 three-bed apartments, and eight four-bedders.

Half of the resident amenity in Silk Three will be on the third level, where there will be a gym with treatment rooms and hot tubs in landscaping. The rooftop will home a dining space, outdoor barbecue area, a swimming pool and a sauna.

All of the resident amenity in Silk Two will be on the rooftop. That will too have a pool, dining and barbecue space, as well as a wine room.&nbsp;

There will be eight retail tenancies on the ground level to invigorate the streetscape.

In addition to the tweaking of the density and the heights, Sarazin are proposing a groundbreaking gallery for science and the arts. STEAMM (science, technology, environment, art, music and mathematics), will sit across a two level, 1735 sqm gallery space in Silk Three and will open to a STEAMM Garden.

<img alt="Silk One Two and Three" data-entity-type="file" data-entity-uuid="3206b39f-1ebf-4526-ab49-08ff5fd00ac6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.02.30%20am.png?VersionId=a1yXajmiW9PW1hOpmtda3Z5Xihv7zL2E" />

"The inclusion of a STEAMM Gallery and Community Garden represents a ground-breaking project for Queensland, bringing science and art together through multi-form exhibitions, artists and scientists in residence, installations and curated experiences," planning documents submitted to the Brisbane City Council read.

"Sarazin believes the STEAMM Garden is a key additional community benefit, transferring 520 sqm of private space courtyard to the public realm, as the Garden will be open even when the Gallery is closed.

"Partnering with leading universities, research facilities, museums, artists and galleries both in Australia and abroad, STEAMM emboides Brisbane City Council's vision for a "new world city".

"STEAMM Gallery’s annual exhibition program supports Brisbane’s major science events such as the World Science Festival and National Science Week, in line with state and national educational curriculums.

<img alt="Silk One, Two and Three" data-entity-type="file" data-entity-uuid="03b8beb6-3495-4072-a330-dcd1cf30649b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-12%20at%2011.03.30%20am.png?VersionId=_VQNoMgFxeLSubtPje90T8dXEE1KkLhR" />

Sarazin was committed to strong engagement with the local community prior to the submission of the amendment to the development approval.

The project team met with several stakeholders in a series of briefing meetings. These included Planning Chair Cr Adam Allan, Lord Mayoral Advisor Nathan Percy, Economic Development Queensland, Queensland Art Gallery and Gabba Business Association.

A community newsletter was hand delivered to about 2,000 residences and businesses in Woolloongabba to advise of the proposed development and promote the community information sessions. Local business was engaged via a doorknock of the area surrounding the development, including the Logan Road precinct.

Sarazin believes the amendment is balanced by better design and significant community outcomes.

In a community engagement report, Sarazin said the aim to design larger apartments reflects current buyer demand

First look: Sarazin to favour downsizers and families in revised Woolloongabba apartment tower plans

A large development site in the heart of the Woolloongabba Olympic precinct is up for sale, with price expectations in excess of $45 million.

The 1.28-hectare rectangular shaped development site at 73 Ipswich Road in Woolloongabba&nbsp;is expected to attract apartment developers given its central location at the heart of the planned infrastructure in the precinct.

The site has three street frontages, to Ipswich Road and Henry Street and offers multiple development outcomes including residential, commercial, medical and hotel, subject to council approval.

Knight Frank agents Blake Goddard, Christian Sandstrom and Matt Barker in conjunction with Nathan Moore of Ray White Commercial Bayside on behalf of the vendor, a local private.

Goddard said the property was one of the largest privately owned infill sites within a two-kilometre radius of the Brisbane CBD and was expected to be hotly contested by buyers.

&ldquo;We expect a wide range of developers to be interested in this site, including residential, commercial, mixed-use and build-to-rent developers, due to its flexible zoning allowances,&rdquo; he said.

&ldquo;It is one of the largest privately-owned properties situated in the heart of the Woolloongabba Olympic precinct, close to the Cross River Rail and the redevelopment of &lsquo;the Gabba&rsquo; stadium, and one of the most significant development opportunities to have hit the market in the last few years.

&ldquo;Quality development sites are sought after in the current market, but this site will be even more attractive to a wide range of buyers due to the rarity of size and location. The Gabba stadium and surrounding precinct is set to undergo major transformation in the coming years with over $1 billion allocated to the precinct.&rdquo;

Moore said the property benefitted from its three-street frontage, easy access to major. arterial roads including Ipswich Road and the M1 Pacific Motorway, and the fact that a majority of it was undeveloped.

&ldquo;The property is set to benefit from its prime location underpinned by exceptional future development opportunities in the area surrounding the 2032 Olympics,&rdquo; he said.

The site is surrounded by nearby&nbsp;&nbsp;amenity including The Gabba, the Logan Road dining precinct and the Cross River Rail station upon completion.

&ldquo;The three-street frontage site enjoys a strategic location within Woolloongabba, offering unrivalled amenity along with extensive surrounding transport infrastructure and development,&quot; he added.&nbsp;

The 1.28-hectare rectangular shaped development site at 73 Ipswich Road in Woolloongabba is expected to attract apartment developers given its central location at the heart of the planned infrastructure in the precinct

Developers to swoop on one of the largest sites in the Woolloongabba Olympic precinct

ME&rsquo;s list of the top 20 places to invest is dominated by apartment and townhouse-focused buying in capital cities across the country.

The new research from ME Bank suggests landlords are best off investing in suburbs with new or upgraded transport links - with Woolloongabba topping the list.

Analysis of the best places to invest found NSW dominated the top 20 rankings, claiming nine spots, followed by Victoria and WA, with three suburbs each and Queensland with two.

Woolloongabba is located in Brisbane&rsquo;s thriving inner east.

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Woolloongabba is serviced by two train stations and the new Cross City Rail Project will provide a new line running directly under the suburb.

The report noted an exciting atmosphere in Logan Street.

Australia&rsquo;s top 20 best places to invest are:

1 Woolloongabba QLD Apartment 
2 Burleigh Heads QLD Apartment&nbsp; 
3 Five Dock NSW House 
4 North Melbourne VIC Apartment&nbsp; 
5 Rozelle NSW Townhouse 
6 Ellenbrook WA House&nbsp; 
7 Parramatta NSW Apartment 
8 Crows Nest NSW Apartment 
9 Preston VIC House 
10 South Melbourne VIC Apartment&nbsp; 
11 Yanchep WA House 
12 Waterloo NSW Apartment 
13 Coffs Harbour NSW House 
14 North Sydney NSW Apartment 
15 Pyrmont NSW Apartment&nbsp; 
16 Claremont WA House&nbsp; 
17 Mermaid Beach QLD Apartment&nbsp; 
18 Miami QLD Apartment 
19 Concord NSW House 
20 Fairfield QLD House

ME commissioned the new research from Ethos Urban, a national planning and urban economics consultancy, using qualitative and quantitative criteria.

The best investment prospect factors included how new transport infrastructure would re-shape the investment landscape across the range of suburbs; average rental yields; recent population growth; median prices; and average rental prices together with lifestyle appeal measurables such as the availability of coffee shops and cafes. &nbsp;

New South Wales&#39;s nine spots included Five Dock (#3), Rozelle (#5), Parramatta (#7) and Crows Nest (#8).

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&nbsp;&nbsp; 
&ldquo;Key transport infrastructure projects like the Sydney Metro South West Project will enhance connectivity to the CBD from areas including North Sydney and Crows Nest, bolstering the already well-established apartment market and coffee scene,&rdquo; the report said. 
&nbsp; 
&ldquo;Five Dock, Rozelle, Parramatta, Pyrmont (#15) and Concord (#19) will significantly benefit from the high-speed, high-frequency metro line connecting them to the Sydney CBD.

Victoria claims three spots in the top 10 with North Melbourne boasting fourth position as the North Melbourne underground will connect with Melbourne Central, Melbourne University and Flinders Street, while incorporating in the Arden Street Precinct Structure Plan.

Preston (#9) just pipped South Melbourne (#10) with its connectivity to Albert Park, good investment returns and capital growth, and lively coffee culture.

[smartcode_project:default project_id=5502 project_image_fid=155342]

There were three Gold Coast suburbs on the list including Burleigh Heads (#2), Mermaid Beach (#17) and Miami (#18).&rdquo;&nbsp;

[smartcode_project:default project_id=99968 project_image_fid=159158]

WA secured three top 20 spots including the new growth area of Ellenbrook (#6), with its wineries and masterplan estate, then Yanchep (#11) and Claremont (#16) in Perth&rsquo;s leafy western suburbs which will benefit from the Claremont station upgrade, &quot;making it for a perfect residential apartment investment opportunity,&rdquo; the report noted. &nbsp;&nbsp;

[smartcode_project:default project_id=93813 project_image_fid=178502]

New research from ME Bank suggests investing in suburbs with new or upgraded transport links

jchancellor-FAypfDUnLy

Woolloongabba apartment precinct pinpointed as Australia’s best investment spot: ME Bank

The national property developer, Pellicano, are set to bring something different to the affluent Brisbane riverside suburb, Kangaroo Point.

They're seeking to create Story House, a development of 86 apartments,&nbsp;on the more affordable end of the scale than what Kangaroo Point is generally&nbsp;used to.

There will be a mix of studio, one, and two-bedroom apartments across the nine-level building designed by DBI Architecture, which will be crowned with an extensive rooftop amenity level.

<a href="/new-apartments/kangaroo-point-qld-4169">To keep up to date with the development and its launch, enquire here</a>

<img alt="" data-entity-type="" data-entity-uuid="" height="830" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pellicano_story_house_kangaroo_point_3.jpg" width="1200" /> 
The exterior of Story House. Image credit: DBI Architecture

That will home a lap pool with a pool deck and spa, a yoga lawn, a dining and barbecue area, and an outdoor gym. 85 per cent of the building's roof top&nbsp;is disposed as recreation areas and gardens, landscape architect RPG Group advise on the development submission.

They described Story House as "mid-century modern meets sophistication in the heart of Woolloongabba and wider area of Kangaroo Point."

<a href="/new-apartments/kangaroo-point-qld-4169">To keep up to date with the development and its launch, enquire here</a>

The Pellicano team identified the area as having considerable growth potential well before the Olympics was announced for Brisbane in 2032. They bought two adjoining 708 sqm Duke Street sites for a combined 1,418 sqm block in 2019 for around $2,875,000 combined.

The site is currently vacant, with the existing character house at 21 Duke Street having been relocated, and the house at 65 Linton Street&nbsp;demolished.

<img alt="" data-entity-type="" data-entity-uuid="" height="718" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/pellicano_story_house_kangaroo_point_1.jpg" width="1200" /> 
The rooftop of Story House. Image credit: DBI Architecture

A stone's throw from The Gabba but in the Kangaroo Point postcode, Story House was designed by DBI who said the building and internal use is broken down to create a base form that scales to the street; a three-story expression that is typical in scale to the historical locality.

"The building offers balconies expressed to offer an overt sub- tropical, outdoor living experience," DBI advised.

"The balconies become a vibrant &amp; playful series of sculptural forms that humanize the suburban building to the street.

"The articulated facade allows for desired breeze flow through all habitable spaces."

<a href="/new-apartments/kangaroo-point-qld-4169">To keep up to date with the development and its launch, enquire here</a>

Story House was described as "mid-century modern meets sophistication in the heart of Woolloongabba and wider area of Kangaroo Point."



First look: Pellicano set for Story House, Kangaroo Point apartment development

Brisbane&rsquo;s legendary cricket ground, The Gabba, will be the global centrepiece of the 2032 Olympic Games and some homeowners are set to have the best seats in the house.

Silk Lane, the&nbsp;Woolloongabba apartment development&nbsp;to be developed by Southlake Group and Sarazin, is set to be built overlooking the iconic stadium.

The ground-breaking precinct, the second of three exciting stages, will boast the city&rsquo;s first and only rooftop &lsquo;Skystand&rsquo;, offering an unobstructed, birds-eye view into The Gabba stadium.

[smartcode_project:default project_id=107345 project_image_fid=172024]

The 306 one, two and three-bedroom apartments have been designed by&nbsp;Nettletontribe&nbsp;Architects and start from just $449,000.

The development will feature a rooftop infinity pool with views across Brisbane, and ground-level commercial spaces.

Located at 8-12 Trafalgar Street, Silk will be positioned just 350 metres from the future Cross River Rail station, just one stop to Albert Street.

Over the next decade, a rush of global infrastructure investment is set to transform Brisbane into a new world city.

The Gabba is the jewel in the city&rsquo;s Olympic crown, with the stadium undergoing a $1 billion rebuild increasing capacity to 50,000 spectators.

It will host the opening and closing ceremonies, as well as the track and field events.

[smartcode_project:default project_id=107345 project_image_fid=172025]

The 2032 Brisbane Olympics will not only deliver an economic boost to trade and tourism but is set to have a big impact on the local property market, according to PRD Research chief economist, Dr Diaswati Mardiasmo.

Mardiasmo predicted this month that Brisbane&rsquo;s median house price could increase to $1.7 million by 2023, 2.5 times its current median of $674,738.

With major projects including Woolloongabba&rsquo;s new Cross River Rail station, Brisbane Metro and Queen&rsquo;s Wharf completed by 2032, it is no doubt that Silk Lane residents will reap the benefits.

[smartcode_project:default project_id=107345 project_image_fid=172023]

Around The Gabba, a new pedestrian plaza will link the stadium to the new transport stations.

&ldquo;For local sports, the promise of new and revitalised Olympic venues is a game-changer, encouraging families and junior athletes into sporting endeavours and creating potential future champions competing at a home Olympics&rdquo;, the project marketing reads.

This landmark sporting and cultural hub will write a new chapter in Woolloongabba&rsquo;s rich story.

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Residents can surround themselves with grand panoramas of the Brisbane city skyline on your private residents&#39; rooftop with views across the river and a front-row seat to every game at the Gabba.

The building&rsquo;s architectural fa&ccedil;ade draws inspiration from the angular shapes of metal structure incorporated in the neighbouring stadium.

Silk Lane is expected to reach completion in mid-2024.

[smartcode_project_cta: project_id=107345]

Brisbane’s legendary cricket ground, The Gabba, will be the global centrepiece of the 2032 Olympic Games and some homeowners are set to have the best seats in the house

max.kwok_55688

Silk One, Woolloongabba's front row apartments to the 2032 Olympics

Accompanying the rush of global infrastructure investment set to transform Brisbane in the decade leading up to the Olympics, Silk Lane is among&nbsp;the new residential&nbsp;developments in Brisbane to secure a wave of renewed interest.

Comprising 306 one, two and three-bedroom apartments, Silk Lane delivers a luxury living experience that rises amongst Brisbane&rsquo;s legendary cricket ground, &lsquo;The Gabba&rsquo;.

[smartcode_project:default project_id=107345 project_image_fid=172022]

Delivered by Sarazin, each residence is designed as an urban sanctuary, set high above the buzz of the surrounding precinct.

Silk One takes centre stage among&nbsp;the legendary Brisbane cricket ground, &lsquo;The Gabba&rsquo;, and boasts stunning views of the Brisbane River, CBD skyline and beyond.[smartcode_project:default project_id=107345 project_image_fid=172024]

Urban takes a look at two feature floorplans available to discerning buyers.

1. East No.12

<img alt="" height="1042" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-26_at_1.01.26_am.png" width="784" />

The floorplan East No.12 has two bedrooms, one tucked away off the kitchen and dining area, with the master positioned at the front of the apartment off the living space.

That curved bedroom, with its own ensuite, will have full floor-to-ceiling glass windows with views across Brisbane.

[smartcode_project:default project_id=107345 project_image_fid=172021]

The apartment, designed by Nettleton Tribe Architects, features generous living spaces,&nbsp;a balcony, built-in robes, laundry room and study space.

2. West No.8

<img alt="" height="1050" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-08-26_at_1.01.33_am.png" width="966" />

The larger two-bedroom floorplan is West No.8, which comes with two bedrooms, two bathrooms and a multi-purpose room.

West No.8 is a more rectangular apartment and features a&nbsp;unique cube style crown and a lighter colour scheme.

[smartcode_project:default project_id=107345 project_image_fid=172023]

&ldquo;Living here is living Brisbane,&rdquo; developer Sarazin say. It&rsquo;s a rare and inspirational blend of serenity and exhilaration.

City and Gabba views are on offer from&nbsp;the balcony or the communal rooftop areas.

[smartcode_project_cta: project_id=107345]

A relaxed sense of luxury fills every space, with tonal finishes and complimentary textures that create a luxurious hotel ambience

Inside the two-bedroom Silk Lane apartments in Woolloongabba, home of the 2032 Olympics

An inner-city residential suburb, transport hub, industrial precinct, and world-famous sporting ground, Woolloongabba is many things rolled into one.

It has a long history of occupation and development, but is now poised for new prominence as an Olympic destination in 2032.

And to take advantage of the future infrastructure is Silk Lane, the apartment development that will rise high above The Gabba, the hub of the Olympic Ganes.

Woolloongabba however was not always the melting pot that it is today.

University of Queensland associate professor in history, Geoff Ginn, shares the history of the suburb.

<h2>A Meeting Place</h2>

Before the onset of British colonial development in the 1820s, the Aboriginal people of the Turrbal and Jagara clans knew the place as Woolloon Capemm meaning &lsquo;place of whirling water&rsquo;, a name that reflected the abundant waterholes, swamps and creeks in the area, said associate professor Geoff Ginn.

Ceremonial places included a bora ground on top of Woolloongabba Hill, at the site now occupied by Holy Trinity Church in Hawthorne Street, and two &lsquo;pullen pullen&rsquo; grounds for ceremonial fighting nearby.

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&ldquo;In 1824, the founding of the Moreton Bay penal settlement heralded the beginning of the European presence in Queensland and the displacement of the First Australians in the area&rdquo;, Ginn continued.

In an attempt to achieve self-sufficiency, convicts in the fledgling settlement cleared and cultivated the south bank of the Brisbane River.

Known as &lsquo;One Mile Swamp&rsquo;, this area had isolated houses and farm dwellings in the 1840s through to the 1850s, when allotments were surveyed and sold.

<figure><img alt="" class="image-article-full-width-580px" height="375" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-08-26_at_12.54.37_am.png?itok=gP2p_Jns" title="Woolloongabba Fiveways traffic in 1955" width="580" />

<figcaption>Woolloongabba Fiveways traffic in 1955</figcaption>
</figure>

As the European settlement of Brisbane gathered pace in the 1860s-1880s, most of the southerly traffic from Ipswich Road and Logan Road converged at the site, at the intersection with Stanley Street and Main Street through Kangaroo Point to create the famous &lsquo;Gabba Fiveways&rsquo;.

&ldquo;It wasn&rsquo;t until the 1870s that the name of Woolloongabba was officially used.&rdquo;

A tram service drawn by horses was active after 1885, with electric trams after 1897. After 1895, these brought crowds to football and cricket matches at the recreation reserve later named the Brisbane Cricket Ground.

A major railway station and goods yard appeared at the site and the surrounding industrial areas as streets rapidly filled up with workers cottages and small timber &lsquo;Queenslanders&rsquo;.

A few local landmarks from this period included Woolloongabba Post Office, the Princess Theatre and many hotels in prominent positions at road intersections.

&ldquo;There were also churches and other centres associated with distinct immigrant communities such as the Deutscher Turnverein (now German Club) established in the mid-1880s, the nearby Russian Orthodox Church&rdquo;, Ginn said.

<figure><img alt="" class="image-article-full-width-580px" height="377" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-08-26_at_12.54.44_am.png?itok=a71ZJC_1" title="International cricket match at the Gabba in 1931" width="580" />

<figcaption>International cricket match at the Gabba in 1931</figcaption>
</figure>

By this time, with vehicles, trams, and trains filling its streets and footpaths crowded with shoppers and workers, Woolloongabba had assumed its modern form.

<h2>Local Amenities</h2>

[smartcode_project:default project_id=107345 project_image_fid=172025]

Now an energetic place of work, transport, leisure and community, Silk Lane residents are offered convenient local amenities that dot the suburb.

The apartments are in close proximity to Queensland University of Technology and Torrens University, as well as secondary schools including Anglican Church Grammar School and St Laurence&rsquo;s College.

Other local amenities include the soon-to-be-completed Cross River Rail station, The Gabba, Gabba Central shopping centre, Deshon Street Park and Brisbane City Indoor Sports centre.

[smartcode_project_cta: project_id=107345]

University of Queensland associate professor in history, Geoff Ginn, shares the history of the Brisbane suburb

The history of Woolloongabba: From isolated houses and farm dwellings to the home of the Olympic Games

The suburb name, Wooloongabba (Wulonkoppa) is derived from an Aboriginal expression, variously interpreted as referring to whirling waters, a fight talk place.

Silk One takes centre stage amongst the legendary Brisbane cricket ground, &lsquo;The Gabba&rsquo; and boasts stunning views of the Brisbane River, CBD skyline and beyond.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/silk-one-woolloongabba-825-847-stanley-street-woolloongabba" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/silk-one-825-847-stanley-street-woolloongabba-8880ed962f854ec02936afeb950f183a.jpg?itok=_hl6WyLG" style="width: 580px; height: 363px;" /></a></figure>

Silk One will set the tone for this groundbreaking precinct, as the first of its three exciting stages. Comprising 177 one, two and three bedroom apartments, the best residents&#39; facilities will be incorporated, including a stunning rooftop recreation deck, above ground secure car parking, office and retail space.

Explore the neighbourhood where stunning architecture can be found within walking distance from your front door step, with many heritage listed beauties including the Princess Theatre, Broadway Hotel, Holy Trinity Anglican Church, and shop houses on the main strip.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/silk-one-woolloongabba-825-847-stanley-street-woolloongabba" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/silk-one-825-847-stanley-street-woolloongabba-eb7e4602ac2484ccf2e0d37e630149ed_0.jpg?itok=fj0-fm92" style="width: 580px; height: 387px;" /></a></figure>

Not only is the Brisbane CBD and beauty of the River within walking distance, but major arterial roads and transport options that connect you to Queensland&rsquo;s finest destinations.

Rising amongst Wooloongabba&rsquo;s infamous cricket ground, Silk One will set the tone for this groundbreaking precinct, as the first of its three exciting stages. Comprising 177 one, two and three bedroom apartments, the best residents&#39; facilities will be incorporated, including a stunning rooftop recreation deck, above ground secure car parking, office and retail space.&nbsp;

Designed by Nettleton Tribe Architects, Silk One&#39;s architectural scheme draws inspiration from the angular shapes of metal structure and cables incorporated in The Gabba&#39;s facade.

Surround yourself with grand panoramas of the Brisbane city skyline on your private residents rooftop skydeck with views across the river and a front row seat to every game at The Gabba!

Other features of your rooftop skydeck include a well equipped gym looking out onto the building&rsquo;s impressive resort pool and spa. Surrounded by a timber pool deck and sun lounges, this area is ideal for indulging in a pre-workday dip, or relaxing. The rooftop dining and BBQ areas, give you everything you need to stay relaxed, entertain family and friends, or mingle with your neighbours all from the comforts of home.

The range of one, two and three bedroom, open plan configurations have varying orientations to choose from, all of which benefit from deep balconies. Interiors boast some of the best design elements which you can find in all the little details.&nbsp;

Living spaces are open plan and awash with natural light from floor-to-ceiling windows and lead seamlessly to your spacious balcony area, perfect for entertaining on those warm Brisbane nights.

Silk One apartments are available in two stylish colour schemes. The first is a darker schematic, reminiscent of New York&rsquo;s famous warehouse lofts, which incorporates dark stone bench tops, custom cabinetry and textured timber look floors. The second scheme is lighter and dominated by ivories, greys and other subtle neutrals, complemented by paler wood-look flooring.&nbsp;

<a href="/new-apartments/silk-lane-woolloongabba-14-trafalgar-street-woolloongabba">Silk Lane is the second stage of the project to be coming to market Mid 2021</a>

[smartcode_project:default project_id=107345]

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