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

National Enterprises&rsquo; Carl Residences offers first home buyers an accessible lifestyle in Brisbane, according to RE/MAX Experience&rsquo;s David Cotterill.

Located in Brisbane&rsquo;s Woolloongabba, the development offers a collection of 87 one, two and three-bedroom apartments less than three kilometres to the CBD.

&ldquo;These apartments are an exceptional opportunity for the first home buyer,&rdquo; Cotterill said. &ldquo;The overall design is sleek and modern, fit-out is stylish and high quality, and balconies are spacious. In fact, all spaces are large.&rdquo;

<a href="/buildings/the-carl-residences-21-25-carl-street-woolloongabba"><img alt="" height="1013" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the-carl-residences-21-25-carl-street-woolloongabba-9eadc500f4b0e408883d547419997613.jpg" width="1800" /></a>

Set over 12-storeys, the complex offers residents secure underground parking, city views, an outdoor gym and a rooftop pool. The first sod has been turned and the builder, McNab, is on site now.

Prices begin at $395,000 for a one-bedroom apartment within the development, due for completion in July 2022.

&ldquo;The location of these apartments results in good rental return for investors,&rdquo; said Cotterill.

<h2>Other developments in Woolloongabba</h2>

Investors and first home buyers alike will find a lot to love in Woolloongabba&rsquo;s premier <a href="/buildings/silk-one-woolloongabba-825-847-stanley-street-woolloongabba">Silk One</a>.

<a href="/buildings/silk-one-woolloongabba-825-847-stanley-street-woolloongabba"><img alt="" height="924" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/silk-one-825-847-stanley-street-woolloongabba-9a6d5739b3a574becc1dba674a707b94_0.jpg" width="1388" /></a>

With one-bedroom apartments starting from $398,000, residents are able to access high-quality apartments at a competitive entry price.

Silk One offers 117 one, two and three-bedroom apartments, designed by Nettleton Tribe Architects and delivered by Southlake Group.

The building&rsquo;s architectural fa&ccedil;ade draws inspiration from the angular shapes of metal structure incorporated in the neighbouring Brisbane cricket ground, &lsquo;The Gabba&rsquo;.

<a href="/buildings/silk-one-woolloongabba-825-847-stanley-street-woolloongabba"><img alt="" height="1525" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/silk-one-825-847-stanley-street-woolloongabba-fecdea916135b29bfa87f14f86af9c07.jpg" width="2800" /></a>

Boasting the city&rsquo;s first and only rooftop &lsquo;Skystand&rsquo;, the project offers an unobstructed, birds-eye view into The Gabba stadium.

Silk One is expected to reach completion in November, with the second stage <a href="/new-apartments/silk-lane-woolloongabba-14-trafalgar-street-woolloongabba">Silk Lane going to market mid 2021.</a>

“The location of these apartments results in good rental return for investors,” said RE/MAX Experience's David Cotterill.

max.kwok_55688

Brisbane apartments in top Woolloongabba location

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The Queensland Deputy Premier Jackie Trad has been referred to State Parliament's ethics committee over her failure to declare the purchase of a house in Woolloongabba.
The speaker Curtis Pitt tabled his decision on Friday, stating it would be "prudent" to refer the Deputy Premier to the ethics committee.
Trad had previously been referred to the the Crime and Corruption Commission (CCC) which found no evidence of corrupt or dishonest conduct in the Deputy Premier’s late disclosure and lodgement of paperwork relating to the purchase.
</div>
<div class="_1ysFk">
<div class="_1665V undefined">
The house, purchased by Ms Trad's husband within the Cross River Rail corridor for $695,000, was not properly declared by Ms Trad within the required timeframe.
The Cross River Rail portfolio was removed from her ministerial responsibility following the controversy.
The house was recently on-sold.
</div>
<div class="_1665V undefined">
The CCC referred back the matter to the Parliament for consideration by the ethics committee.
</div>
<div class="_1665V undefined">
The Speaker recognised Ms Trad's public apologies but noted no apology had been made to the House.
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j.ballantyne1990-6AQqhLzZaK

Deputy Premier Jackie Trad Woolloongabba house purchase referred to Parliament's ethics committee

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The Queensland government has moved to initiate a wider redevelopment of the precinct adjoining The Gabba with the intent of better serving the expanding Woolloongabba population and the wider public.

On Sunday Deputy Premier and Treasurer Jackie Trad outlined the vision for a new bridge connecting the sporting stadium with Cross River Rail's upcoming station in Woolloongabba. Expected to be completed during 2024, the Woolloongabba link in the wider Cross River Rail network will facilitate an overhaul of the 6.5-hectares adjoining The Gabba.

Mixed uses are earmarked for the precinct and are expected to come together within a precinct plan that will see input from stakeholders such as Brisbane City Council, Stadiums Queensland and the Department of Housing and Public Works.

The Queensland government's move on the wider precinct follows on from earlier reports during May that the stadium was in line to receive a substantial capital injection in order to bring the facility up to current standards.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image26_10.jpg" rel="gallery-all" title="The envisaged station with The Gabba to the rear"><img alt="" class="image-article-full-width-580px" height="339" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image26_10.jpg?itok=MWegeBWr" title="The envisaged station with The Gabba to the rear" width="580"></a>

<figcaption>The envisaged station with The Gabba to the rear</figcaption></figure><h2>What they Say</h2>

<blockquote>
When Cross River Rail is complete, Woolloongabba will be just minutes by train to the new Albert Street station in Brisbane’s CBD and close to the growing health, science and education precinct at Boggo Road.

Plans are for the whole city block, which includes the Landcentre, old South Brisbane Dental Hospital and Goprint sites, to be completely transformed over the next decade. It has the potential to attract up to $1.5 billion of private investment and that’s a really exciting opportunity for local industry.

The Gabba has been the scene of many great sporting triumphs and we know, through Cross River Rail, it will continue to be an integral part of Queensland culture for generations to come.
<cite>Queensland Deputy Premier and Treasurer, Jackie Trad</cite>
</blockquote>

<blockquote>
The Gabba is ‘internationally renowned’ without a doubt, but it can be re-elevated to ‘world’s best’ if it was easier to get to - and transport connectivity is simply an expectation of modern spectators that has to be met.

Going forward, we are rolling up our sleeves in collaboration with all stakeholders to give fans a great experience – one that will rival the freshest stadiums in the nation. In possibly the best outcome of this precinct, the opportunity to leverage both the Gabba and the Station could deliver up to 300 new affordable homes designated for key and essential services workers including nurses, teachers, police and fire officers and hospitality and tourism workers.
<cite>Minister for Housing and Public Works and Minister for Sport, Mick de Brenni</cite>
</blockquote>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image34_16.jpg" rel="gallery-all" title="Majella's intended tower with The Gabba in the background"><img alt="" class="image-article-full-width-580px" height="363" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image34_16.jpg?itok=Ev_T_Jd2" title="Majella's intended tower with The Gabba in the background" width="580"></a>

<figcaption>Majella's intended tower with The Gabba in sight</figcaption></figure>Whilst the infrastructure improvements are chiefly aimed at servicing the flow of people to and from the stadium, the overall precinct development will further add to Woolloongabba's rapid transformation.

Numerous projects have or are in the process of being delivered in the suburb which is a mere 2.4 kilometres from Brisbane's CBD. The Apartments.com.au Project Database shows a variety of developments earmarked for Woolloongabba, including apartment and hotel uses, through to projects such as 52-64 Annerley Road which is dedicated to high-rise office space and aged care living.

Residential use though remains the prime driver of change within Woolloongabba. Projects such as the 22 storey <a href="/buildings/silk-one-woolloongabba-825-847-stanley-street-woolloongabba">Silk One</a> launched to market earlier this year whilst others such as <a href="/buildings/the-drapery-64-logan-road-woolloongabba">The Drapery</a> and <a href="/buildings/south-city-square-148-logan-road-woolloongabba">South City Square</a> are well into construction.

The tallest and arguably the most recognisable tower earmarked for Woolloongabba has stumbled at planning though, with developer Majella withdrawing from planning their 27 storey development that would have included 262 apartments and located minutes from The Gabba.
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silvermb

The Gabba's redevelopment at the heart of a wider precinct regeneration 

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Two prime Woolloongabba sites currently operating as car dealerships have changed hands off-market in separate deals.
Both were negotiated by Elliott O’Shea and Seb Turnbull of JLL’s Sales &amp; Investments, Queensland.
The high-profile sites located at 187 Logan Road (pictured above) and 179 Logan Road (pictured below) changed hands for $4.9 million and $10.75 million respectively. 
 <img src="https://www.urban.com.au/images/2018/8/3/179%20LOGAN%20RD.jpeg" alt="">
O’Shea said: “The deals were struck off market after two private investors made approaches through JLL. The buyers were drawn to the future development upside offered by the sites, alongside the rapidly changing landscape of Woolloongabba.” 
The properties are situated opposite Pellicano’s transformational South City Square development along Logan Road and within 1.5 kilometres of the Brisbane CBD.
Both sites are improved by showroom/warehouse facilities and the vendor’s existing businesses will continue to operate through longer-term lease arrangements.   
The increase in buyer interest in Woolloongabba follows the recent commitment to Brisbane’s Cross River Rail project. 
O’Shea noted the effect this has had on the 'Gabba market, saying: “Woolloongabba will be a primary beneficiary of this infrastructure. It is already a very exciting precinct and given its proximity to the CBD, it is reasonable to expect greater levels of development will follow over the next 10 years.”
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Two Woolloongabba car dealerships sold in off-market deals

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The recently retired Queensland Rugby Union chief Richard Barker and wife Tracey have snappily sold their inner-city Brisbane home, just south of the Gabba.
They secured $1.25 million for the 1900s Woolloongabba Queenslander that cost the couple $850,000 in 2012. It was renovated under the eye of Tracey, a keen decorator.
The four bedroom, three bathroom home features a rear deck which overlooks the swimming pool on the 615 sqm parcel.
Their five kids have now grown up and moved out. 
Glynis Austin Properties agent Glynis Austin sold the home.
Richard Barker was the general manager of Southern Cross Austereo before his stint at QLD Rugby Union.
This article was first published in the Weekend Australian.
 
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$1.25 million sale of 1900s Woolloongabba Queenslander

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Woolloongabba will soon have a new addition, with Silk One the latest project to announce itself in the surging inner Brisbane suburb.

The new tower will also feature a design first for Brisbane, boasting the city’s only rooftop Skystand which will include tiered seating and unobstructed views over The Gabba’s stadium. The project has been designed by Nettletontribe Architects, with Sarazin and Southlake Group also backing the project.

Silk One's intended unit mix would add a further 178 apartments to Woolloongabba. These dwellings are expected to be split between 59 one bedroom, 32 two bedroom/one bathroom, 85 two bedroom/two bathroom and 2 three bedroom/two bathroom options.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image71_5.jpg" rel="gallery-all" title="Silk One is Woolloongabba's latest. Image: silkone.com.au"><img alt="" class="image-article-full-width-580px" height="1025" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image71_5.jpg?itok=7X2gf-3m" title="Silk One is Woolloongabba's latest. Image: silkone.com.au" width="580"></a>

<figcaption>Silk One is Woolloongabba's latest. Image: silkone.com.au</figcaption></figure>Silk One forms part of a larger intended development that initially went to planning during 2016. Three separate applications cover an extended land plot encapsulating 825-847 Stanley Street and 6-24 Trafalgar Street in Woolloongabba.

Originally envisaged as a phased delivery project, the development has three towers capable of delivering approximately 520 apartments, commercial office space, a string of retail tenancies and a public thoroughfare bisecting the site. 600 plus vehicle parking spaces and 600 plus bicycle bays are included across the entire development.

The overall Silk development replaces a previous mixed-use scheme over the site which included dedicated commercial, hotel and apartment uses.

Currently, primary applicant 825 Stanley Pty Ltd has taken the Silk One tower <a href="https://pdonline.brisbane.qld.gov.au/masterviewUI/modules/ApplicationMaster/default.aspx?page=wrapper&amp;key=A004923841">back to planning</a>, looking to include design enhancements across the initial tower.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/image75_2.jpg" rel="gallery-all" title="Developments looking to call Woolloongabba home"><img alt="" class="image-article-full-width-580px" height="251" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/image75_2.jpg?itok=A_hj2UUX" title="Developments looking to call Woolloongabba home" width="580"></a>

<figcaption>Developments looking to call Woolloongabba home</figcaption></figure>With the project's website taking registrations of interest, Silk One is also the latest Woolloongabba project to enter the Urban Project Database, with the vast majority of these located directly south of The Gabba.

<a href="/new-apartments/43-regent-street-woolloongabba">43 Regent Street</a> and <a href="/new-apartments/65-67-regent-street-woolloongabba">65-67 Regent Street</a> both relatively recent applications and are symptomatic of the scale of apartment development seeking to call Woolloongabba home. Both applications are the work of architecture firm Cottee Parker.

Woolloongabba's tallest intended tower is dubbed Broadway Apartments and is sited across 85-93 Logan Road. At 27 levels the project backed by Majella Property would see 262 apartments and just shy of 5,000 square metres of leasable commercial area included within the HAL Architects-designed tower.
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Silk One secures Woolloongabba's best seat in the house

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The $600 million South City Square urban regeneration project in Woolloongabba, Brisbane has secured Woolworths and Reading Entertainment as anchor tenants.
Both retailers signED 15-year leases in response to the retail demand south of the river.
South City Square has taken on board design philosophies from some of the best projects around the world, with research including study tours of precincts such as The Grove in Los Angeles.
Its design team included hospitality and retail specialists, Six Degrees Architects, DBI Design, and Woods Bagot.
 
The leasing deals represent a substantial milestone for joint venture partners Pellicano and Perri Projects, who integrated a 13,000sqm retail component into the project to create a new retail and lifestyle destination in Woolloongabba.
The emerging suburb of Woolloongabba is located just two km from the Brisbane CBD.
Property research firm, Urbis, has forecasted the Woolloongabba catchment’s population to grow to over 33,000 residents by 2036, representing a 50 per cent increase from the current population of 22,000.
Pellicano’s Development Operations Manager, Michael Kent, said the South City Square’s vision is to provide residents south of the river with a vibrant activity centre to meet the lifestyle needs of this rapidly growing population.
“The strong interest from high profile tenants, including nationally renowned Woolworths Group and the internationally recognised Reading Entertainment, has reaffirmed our belief that South City Square will be the centre of Woolloongabba’s transformation into a dynamic retail and lifestyle precinct,” said Michael Kent.
Location IQ has reported that the current retail spend in the main trade area in Woolloongabba is estimated at over $358m per annum, and is projected to more than triple in size, increasing to $1.08b per annum over the period to 2031.
“South City Square’s retail and dining precinct is located just a three-minute walk from The Gabba, which draws over 330,000 people to its sporting events each year. That’s 330,000 people that will want to dine, be entertained, and patronise retailers before and after events,” said Kent.
Woolworths’ Regional Property Manager, Phillip Peel, said the company was thrilled to secure one of the key retail tenancies in the South City Square development.
"We are delighted to be part of South City Square’s regeneration of this former industrial site and are excited that local residents will soon have access to one of Australia’s most modern supermarkets.”
"Supermarket customers will be able to take advantage of Woolworths’ Click and Collect service - where groceries can be ordered online and picked up at a convenient time and location."
Reading Entertainment, a wholly owned subsidiary of the US listed Reading International, also saw the strong opportunity in the project, jumping on the chance to operate the cinema tenancy which will offer a world class dine-in cinema experience.
The cinemas will range from smaller, boutique theatres to a large-screen format theatre, and will be situated within the development’s double-story commercial podium.
 
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