South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

Joel Robinson

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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;

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

Barangaroo

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PwC has unveiled its new offices in Barangaroo Tower One.
Designed by leading architectural firm, Futurespace, PwC will have four entire floors dedicated to working with clients, known as the Client Collaboration Floors.
Angela Ferguson, Futurespace managing director said these new client spaces put PwC so far ahead of the curve when it comes to how business will be done in the future.
“The role of physical space in facilitating both virtual and face-to-face connection cannot be underestimated, particularly when it comes to client relationships," she said.
“Because of this we will begin to see more emphasis placed on client spaces within the office environment, and the role they play in co-creation, creating new staff and client connections and cementing important business and community relationships.
“The underlying goal of this project was to create interactive spaces where PwC clients and people could come together to solve important problems, innovate and create new ideas.
“The architecture blends intuitively with technology to create an unparalleled client experience not seen anywhere else in the world.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/04/image003.jpg" alt="">
"The four levels include an impressive selection of diverse open and closed meeting spaces, co-creation and workshop areas, conferencing, dining and food and beverage options as well as areas for quiet work or relaxation – all integrated seamlessly with advanced technology.
“It was all about making sure that we created something that supports the variety and diversity of our clients.
Debra Eckersley, PwC’s New Ways of Working Partner said they did this by looking outside the industry to create a new benchmark in client experience.
“Our aim was to put our clients at the heart of everything we do,” she said.
This new approach disrupts the traditional boardroom mentality of client interactions, bringing about a more open and collaborative working experience.
The design stylishly combines the elements of a high-end hospitality service model, hotel aesthetics and amenities, interactive retail environments, immersive and signature technology, and tech-sector co-creation models in a way that has never been seen before.
The four Client Collaboration levels are interconnected by a central staircase that fixes the spaces both vertically and horizontally, incorporating viewing platforms so you become immersed in each space as you traverse the levels.
“The four-storey staircase is the centrepiece of our commitment to a new openness, and a real willingness to seed spontaneous encounters.
“Plenty of serendipitous moments have already happened on the stairs, much as they do in any thriving community,” explains Ms Eckersley.
"PwC’s new spaces are anchored in advanced technology designed to enhance the client experience.
"For instance, running vertically through all four floors is an interactive ‘waterfall’ – a moving graphic touch screen with a cascading stream of digital insights enabling clients to find out more information about PwC experts, strategies and projects.
"Clients are also assisted by ‘Media Fountains’ on each level, interactive digital directories providing information on rooms and facilities within PwC, opportunities to participate in polls as well as amenities in the surrounding Barangaroo area.
“The level of technology embedded into these client spaces is unsurpassed.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/04/image005-3.jpg" alt="">
“From impressive interactive screens, to clever tech enabled furniture designed specifically for this project, the idea was to use technology has an enhancement to the overall experience of doing business with PwC.
“What PwC has achieved with the new approach to client spaces will pave the way for how businesses think about their client relationship dynamic.
“Since technology now allows us to work from anywhere, the importance of physical spaces and their role in fostering relationships and collaboration has only increased.
“It will be the organisations, like PwC, that understand and can leverage this that will succeed into the future."
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j.ballantyne1990-6AQqhLzZaK

Futurespace designs PwC’s new Barangaroo office space

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Law firm Baker McKenzie is moving into Lendlease's Barangaroo Tower One from its home at AMP Capital's 50 Bridge overlooking Circular Quay.
The leading firm has been operating there since 1978, and their move indicates businesses willing to move out from traditional areas of the city.
Property Observer had previously reported that the “Barangaroo effect” had firmly taken hold as corporate users are seeing this now as a firmly established precinct.
Baker McKenzie will occupy 7,500 square metres in the new Lendlease tower, taking levels 44, 45 and 46 for a term of 10 years, according to The Australian Financial Review.
The law firm agreed to surrender its lease in 50 Bridge, allowing the landlord AMP Capital to start its redevelopment of the precinct called Quay Quarter.
"As the leading global law firm in Australia, we are excited about our move to Barangaroo, which is already renowned for its world-class design and as a vibrant business precinct,” Baker McKenzie's national managing partner Anthony Foley was cited as saying by the AFR.
The design of the new office space is still being finalised, but it will be a mix of fully enclosed offices, semi-open offices and workstations.
Baker McKenzie was advised by Independent Corporate Property Oceania's Peter Messenger while JLL's head of leasing Tim O'Connor represented the landlord.
Barangaroo South, where Baker McKenzie's offices will be located, is the economic hub of the precinct and comprises three commercial towers known as the International Towers Sydney, where the firm will reside in the tallest office tower. Rents were not disclosed in the deal but recent gross leases in the tower have come in at about $1400 square metre before incentives. Baker McKenzie would have been given certain incentives for both the new lease and the surrendered AMP lease.
Lendlease's managing director, Barangaroo South, Rob Deck, said the deal cemented Barangaroo's position as one of the key destinations in the Sydney office leasing market
"We are delighted that Baker McKenzie have committed to space in Tower One, joining a range of leading businesses who already call Barangaroo home," Deck said.
AMP Capital managing director for office &amp; industrial Luke Briscoe acknowledged the long-term tenancy of Baker McKenzie while confirming that construction on the Quay Quarter Tower (QQT) would begin next year.
"Following the great success of our residential sales campaign for Loftus Lane apartments and securing AMP as anchor tenant for QQT, we are pleased to confirm the construction of the office tower and residential apartments will begin in early 2018."
AMP Capital plans for 50 Bridge Street includes the new 49-floor premium commercial office Quay Quarter Tower.
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jonathanchancellor-7SQnKwU6yx

Law firm Baker McKenzie makes the shift from Circular Quay to Barangaroo

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The NSW Government plans for the next section of Barangaroo’s public domain have been revealed, with forthcoming features set to include a new Sydney Harbour cove, a one-hectare public park, an expanded waterfront walkway and a public pier. A proposal released by the Barangaroo Delivery Authority fulfills its commitment to delivering more than half of Barangaroo as open public space, and completes the design of the two hectares dedicated to Barangaroo South.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/26/Barangaroo4.jpg" alt="" width="368" height="230">
Chief executive officer of the Barangaroo Delivery Authority, Craig van der Laan, remarked that the designs are an exciting proposal for the creation of more beautiful public spaces at Barangaroo, which will be of enormous benefit to the people of Sydney.
“The new harbour cove and public park represent the next step in the extraordinary transformation of Barangaroo from a 22-hectare concrete container terminal into a world class, vibrant waterfront precinct,” he said in a statement. 
Lendlease will construct the public space, which is due to open in 2021. Landscape architects Grant Associates, who designed Gardens by the Bay in Singapore, have created the park and garden design.
The design includes Waterman’s Cove, a fully-accessible amphitheatre-style boardwalk on the water. It also includes the extension to Wulugul Walk around the Crown Sydney Hotel Resort. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/26/Barangaroo3.jpg" alt="" width="372" height="238">
 The one-hectare Hickson Park will provide a green link from the CBD into the heart of Barangaroo’s retail and dining precinct.
Architect and design adviser, Bob Nation AM, who has overseen the design development, added that the plans provide extensive public benefit and a completely different park experience to Barangaroo Reserve and the waterfront parkland proposed for Central Barangaroo.
“The Reserve catches a lot of direct sun, as will the western-facing parklands in Central Barangaroo. Hickson Park will get the northern sun in winter, but will be more sheltered from the wind and the hot western sun in summer,” he said.
<a href="https://www.propertyobserver.com.au/images/2017/04/26/Barangaroo5.jpg" target="_blank">Click to enlarge</a>
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According to Lendlease's managing director of Barangaroo South, Rob Deck, the business is delighted to be working with the Authority on the next important stage of Barangaroo.
“Grant Associates will bring their extensive international expertise to create a truly exceptional public space,” he said.
A Development Application will be lodged with the Department of Planning and Environment, and be available on public exhibition as part of the planning process.
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NSW Government reveal plans for new harbour cove and public park at Barangaroo

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An office space in Sydney CBD’s Barangaroo has been leased for $527 per week, which includes all bills and outgoings.
The <a href="https://www.realcommercial.com.au/property-offices-nsw-sydney-502116802" target="_blank">2/100 Barangaroo Avenue</a> office is located inside Tower One, a brand new development in the beautiful waterfront precinct in the CBD. This energy efficient office space is close to residential apartments, hotels, shops and cafes.
The building has modern fit outs and 24/7 access. 
According to the property description, the floor area is 18 sqm and is suited for a small team of up to three people.
The leasing agent was Grant Philipp of Office Hub.
<img src="/images/2016/10/07/barangaroo1.jpg" alt="">
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Barangaroo office space lease inked

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Lendlease has moved into its new global headquarters in Barangaroo South’s International Towers Sydney.
Around 2,000 employees occupy levels 8 to 19 of Tower Three’s 39 floors, with Lendlease chief executive officer and managing director, Steve McCann said the company’s iconic new headquarters was a significant milestone.
<img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_020_Low.jpg" alt="" width="443" height="296">
“Our new home brings innovative thinking to the challenge of the 21st century workplace. It combines the best of both traditional workplace strategies and new ways of working - connecting people, knowledge and teams to deliver more seamless communication and better results,” he said.
<img src="/images/2016/07/26/_27barangaroo.jpg" alt="" width="631" height="947">
“Our people now have access to a wide range of spaces - whether inside the workplace or enjoying the new Barangaroo precinct at one of the many cafés or special spaces.
<img src="/images/2016/07/26/700_LEase_MD.jpg" alt="">
CEO and managing director, Steve McCann above
Levels 13 and 14 feature a six-metre high wall with over 5,000 plants with employees provided with nutrition options, standing desks and green spaces.
<img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_001_Low.jpg" alt="" width="548" height="366">
Tower Three received a 6 Star Green Star Office Design v3 rating from the Green Building Council of Australia.
 <img src="/images/2016/07/26/thumbnail_160721_Barangaroo%20LL%20Fitout_022_Low.jpg" alt="" width="318" height="476">
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Lendlease showcases new international headquarters at Barangaroo

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James Packer's Crown Resorts has secured approval for his $2 billion Sydney casino at Barangaroo.
Mr Packer, who owns 53 per cent of Crown, once described the development of the Sydney casino as his biggest priority.
"This is an extremely important day for Crown," said Mr Packer.
"It has taken us four years of constant effort to get to this point and now we can begin building our vision, to give Sydney one of the world's great luxury hotels. We will now work tirelessly to ensure Crown Sydney meets the very high expectations of the government and the people of this city."
Crown had originally targeted a late 2019 completion for the casino with luxury apartments but it is now early 2021 as the likely opening date.
Crown chairman Rob Rankin said excavation work would start shortly.
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James Packer's Barangaroo casino greenlight

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Australia’s first commercial office tower made of timber is set for the Barangaroo development.
International House Sydney will be located at the gateway to Barangaroo on Sydney's Sussex Street.
It will be built by Lendlease.
It will be Lendleases’s third building constructed using these materials following Forte timber apartments in Melbourne and The Dock, a public library in Docklands.
The office tower over 7910 square metres has been designed by Tzannes Associates.
“The architecture of International House Sydney reflects a new form of beauty. Beyond shape and surface, it is ‘deep design’ renewing architecture’s role to serve the greater social purpose of lowering carbon emissions,” Alec Tzannes told The Urban Developer website.
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Lendlease propose six storey Barangaroo timber office block

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Sydney’s waterfront Barangaroo complex penthouse has been listed by high-profile Swiss hedge fund manager Ben Melkman.
<a href="https://www.propertyobserver.com.au/https://www.mcgrath.com.au/buy/apartment/nsw/sydney-cbd/sydney/265917?preview=c3a8103a-3502-4d7d-a021-447899b9ebf9" target="_blank">It is the luxury two-level penthouse</a> he purchased at the Andara complex two years ago.
The Geneva-based Melkman, a senior trader and partner at Brevan Howard Investment Products, is selling the penthouse he purchased for $10.5 million because he is spending so little time in Sydney, McGrath marketing agent Hamish Robertson says.
In a rare test of appetite for ultra-luxury apartments, the two-level contemporary-style penthouse at 15 Barangaroo Avenue, which has never been occupied, is expected to fetch well above what Melkman paid, Robertson says. The four-bedroom, four-bathroom penthouse sports 270sq m of internal space plus a 290sq m terrace. It has a three-car lockup garage and occupies levels nine and 10 of the Andara complex in Barangaroo South, overlooking Darling Harbour. Interiors are by Burley Katon Halliday.
Robertson expects a mix of buyers to show interest in the penthouse, which was developed by Lend Lease, and has no common walls. The Anadara complex has 82 apartments including the two-level penthouse known as The Cloud.
When the smaller apartments were first put to the market several years ago 60sq m units were priced at about $1m, 100sq m two-bedroom flats were about $2m and the three-bedders starting at 130sq m were priced at about $3m.
The penthouse’s Calacatta-marble kitchen features Miele and Liebherr appliances from Germany and Switzerland respectively.
Almost 50 owners at Barangaroo have so far pocketed about $1m each in pre-tax profits by reselling apartments at the popular waterfront development.
The selling agents say infrastructure including parklands, restaurants and cafes have significantly increased around Barangaroo during the past two years.
Lend Lease is due to develop at least another 800 apartments in the Barangaroo precinct.
Robertson is marketing the penthouse in conjunction with LJ Hooker Double Bay licensee Bill Malouf via an expressions of interest campaign closing May 25.
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Barangaroo penthouse listed by hedge fund manager

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The prime Barangaroo harburside location of the current dining sensation, Noma Australia pop-up has already been leased to award-winning restaurateur, Brent Savage, the Sydney Morning Herald Good Food Guide 2015 Chef of the Year, and the sommelier and restaurateur Nick Hildebrandt.
They have signed a lease for the space for a yet-to-be-named seafood restaurant that will open in September at the base of the white, cloud-shaped Anadara building in the Lend Lease built precinct.
The building was designed by FJMT’s Richard Francis-Jones.
‘‘We’ve long toyed with the idea of a seafood-focused restaurant,’’ Savage told The Australian Financial Review.
Barangaroo is credited as set to have the biggest collection of food and beverage retailers in Australia, according Lendlease.
There will be a three storey restaurant headed by celebrity chef Matt Moran whispered to have the working title, Mash.
Gary Horwitz, the head of retail development and asset management for Lendlease, said Sydney-siders are very familiar with their restaurants, Bentley, Monopole and Yellow.
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Brent Savage and Nick Hildebrandt to take on Noma, Barangaroo space

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Noma Australia is officially open.... and booked out.
The restaurant design has been unveiled by the developer Lendlease with key elements of the interior including a floor of red earth, two native Australian Xanthorrhoea trees and woven pieces by indigenous artisans.
With a kitchen fitted out to the highest specification,ï¿½Lendlease has partnered with Tourism Australia to bring Noma Australia to Barangaroo Sydney.ï¿½The cost of the menu was $485 per diner. <img src="/images/2016/01/27/IMG_5183.jpg" alt="" width="1469" height="1392"> 
The restaurant is located in Barangarooï¿½s Anadara building, with floor to ceiling curved glass windows and views of the harbourfront.ï¿½
Noma Australia spans over 500 square metres at ground level with dining room, outdoor lounge area and an extensive kitchen and prep area.
The kitchen remains entirely open to the entry and dining areas, allowing guests to move past the Noma chefs as they work.
Head of Retail Development and Asset Management for Lendlease, Gary Horwitz said that Lendlease prides itself on working with the best local and global retailers, and opening Noma at Barangaroo was just the beginning for Australiaï¿½s most exciting new food and beverage precinct.
ï¿½The restaurant that Lendlease has delivered for Noma Australia is breathtaking, acknowledging the designers, Foolscap Studios.ï¿½
Head chef Renï¿½ï¿½Redzepi said that being at Barangaroo has reminded him of Noma in Copenhagen, in terms of being on the harbour and the proximity to the water.ï¿½
Upon completion Barangaroo will be homeï¿½to up to 90 retailers ï¿½ mostly food and beverage ï¿½ from the smallest laneway bars and canteens, to grand spaces on the harbour including Matt Moranï¿½s three level restaurant and bar.
It was last July whenï¿½Rene Redzepiï¿½s pop-up NOMAï¿½eatery on the Barangaroo waterfront was revealed.
Briefly closing his Danish restaurant, the antipodean NOMA at Barangaroo will last for just 10 weeks.ï¿½Noma is the four-time winner of the The World's 50 Best Restaurants. 
<img src="/images/2016/01/27/CZm8j2-WcAAyRXS.jpg-small.jpeg" alt="">
ï¿½
Noma's current menu below:
ï¿½
ï¿½ Unripe macadamia and spanner crab
ï¿½ Wild seasonal berries flavoured with gubinge
ï¿½ Porridge of golden and desert oak wattleseed with saltbush
ï¿½ Seafood platter and crocodile fat
ï¿½ W.A deep sea snow crab and cured egg yolk
ï¿½ A pie with dried scallops and lantana flowers
ï¿½ BBQï¿½d milk ï¿½dumplingï¿½
ï¿½ Marron and magpie goose
ï¿½ Sea urchin &amp; tomato dried with pepper berries
ï¿½ Abalone schnitzel and bush condiments
ï¿½ Marinated fresh fruit
ï¿½ Rum lamington
ï¿½ Peanut milk and freekeh ï¿½Baytimeï¿½
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