Brisbane off the plan apartments

Consolidated Properties Group (CPG) has agreed to acquire the last remaining absolute riverfront development site in Brisbane’s blue-chip Newstead, unveiling plans to develop a landmark inner northern residential project that CPG says will be a signature building for the river city.

CPG has paid $64.5 million for the 9,368 sqm site at 47 Skyring Terrace in an off-market deal from&nbsp;Mirvac. The site is situated just 1.5 kilometres from the CBD and within walking distance to some of Brisbane’s best-known dining and retail destinations, including Gasworks and James Street.

The site features 47 metres of direct river frontage within one of the city’s most tightly held precincts. Zoned for Mixed Use, it has potential for up to 42,000sqm total floor space and a maximum building height of 25 storeys under the Brisbane City Plan.

The acquisition follows the success of CPG’s $450 million absolute riverfront Monarch Residences apartment project currently nearing completion and sellout at Toowong in Brisbane’s inner west.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location.

“Sites like this are as rare as it gets,” O’Rorke said.

“We thought Monarch might be a one-off, but at Newstead we’ve been fortunate to have the opportunity to create another iconic residential address right in the heart of the city on the Brisbane River – this will be something elevated in every sense, something truly special.”

CPG plans to lodge a development application (DA) later this year with multi-award-winning architects, Woods Bagot, who are already working on concept plans.

<img alt="CPG" data-entity-type="file" data-entity-uuid="adcd3c91-a0bb-46f8-b08e-623357e3f75c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-03%20at%208.55.14%E2%80%AFAM.png?VersionId=FzhQQPi_onxhjFCo7u5kdX6O7KIDABTj" />

CPG Head of Residential, James MacGinley, says the development will include a mix of boutique riverfront villas and 2- and 3-bedroom apartments with spectacular north-east views up the river towards Hamilton Hill.

“This large riverfront site with a perfect north-east aspect is an architect’s dream. It is peerless and there is no better development site in Brisbane. We plan to do it justice and deliver a signature building for the city," MacGinley said.

Transacted off-market by Colliers Queensland Residential Directors Brendan Hogan and Troy Linnane, the purchase sees CPG again teaming up with its construction partner on Monarch Residences, Hutchinson Builders, to deliver the apartments. Colliers Queensland Residential Director Brendan Hogan said demand for prestige development opportunities in Brisbane was outpacing supply.

“Opportunities like this simply don’t come up anymore. This is the last of its kind on the Newstead waterfront and arguably the best-located residential site in the city,” Brendan Hogan said.

“We’re seeing exceptional demand in the premium apartment market, with ‘off-the-plan’ riverfront apartments achieving prices over $35,000/m2 of net (internal) saleable area.

“The surge in apartment prices is largely driven by the demand from owner-occupiers who are seeking premium and larger apartment stock, which has accounted for the majority of sales in the market over the past two years,” Brendan Hogan added.

The site acquisition reflects broader supply-side pressure in Brisbane’s residential pipeline.

Population forecasts show Brisbane will grow by more than 500,000 people during the next decade - faster than both Sydney and Melbourne - and inner-Brisbane is expected to face a shortfall of over 14,000 new apartments in the next four years alone, according to SQM Research.

“We know Brisbane is the nation’s fastest-growing city with unlimited potential and we’re building for that future,” O’Rorke added.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location

Joel Robinson

Consolidated Properties buys riverfront Newstead site from Mirvac

National developer Fortis has submitted a development application for a major residential project on New F​arm’s dress circle Bowen Terrace.

Designed by DKO Architecture, the proposal includes 74 apartments and four standalone houses, replacing the former Palm Lodge aged care facility on a prime 5,727 sqm site at 424 Bowen Terrace.

The seven-level apartment building will front Moreton Street, while the four individual homes will face Bowen Terrace, positioned to maximise views and enhance the streetscape.

In its submission to Brisbane City Council, DK​O stated that the project aims to “create a high-quality residential development which celebrates its location, maximises amenity for future residents, and makes a meaningful contribution to the surrounding community.”

“The architecture draws inspiration from Brisbane’s subtropical character and traditional Queensland housing, incorporating elements such as verandahs, bay windows, deep balconies, and vertical greenery. The apartment building is configured around a U-shaped layout that frames a north-facing courtyard featuring a swimming pool, spa, and wellness zones.”

<img alt="DKO" data-entity-type="file" data-entity-uuid="9ce4fbfe-ffc1-4026-b98b-bccc018b60b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%2012.46.24%E2%80%AFPM.png?VersionId=XiD9KY.niDaW9YfF8G9lsl_rw_S.5.dg" />

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A Heritage Assessment was undertaken due to the site's proximity to the heritage-listed Fingal House at 3 Moreton Street. The broader heritage context includes several properties along Moreton Street and Bowen Terrace that fall within Brisbane’s Heritage Overlay.

In its Heritage Impact Statement, Urbis noted that “the proposed works are not considered to have a detrimental impact on the adjoining Local Heritage Place.”

The report stated that the proposed building massing, material palette, and setbacks have been carefully designed to reflect and respect the surrounding architectural character.

The application follows three rounds of pre-lodgement consultation with Brisbane City Council and early engagement with local residents, including two letterbox drops and nine meetings with neighbours. Community feedback led to several design refinements, including increased setbacks, additional deep planting, and noise mitigation through improved waste collection strategies.

The New Farm proposal follows Fortis’ entry into the Brisbane residential market with River House at Kangaroo Point, currently under construction. The developer also controls a prime Newstead site earmarked for 65 apartments.

Fortis is the development arm of real estate investment group Pallas Group and has a substantial pipeline of projects in Sydney’s Eastern Suburbs, as well as in Richmond and St Kilda in Melbourne.

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The New Farm proposal follows Fortis’ entry into the Brisbane residential market with River House at Kangaroo Point, currently under construction

Fortis files Bowen Terrace, New Farm apartment plans

Gold Coast developer Sherpa Property Group is expanding into Brisbane.

Building on the success of its new Flourish brand—designed to deliver affordable, well-designed homes to a broader range of buyers—Sherpa has lodged plans for a new project, <a href="https://www.urban.com.au/new-apartments/symphony-21-23-cordelia-street-south-brisbane-qld-4101">Symphony</a>, at 21–23 Cordelia Street, South Brisbane.

The development application follows the strong performance of Flourish Palm Beach, Sherpa’s debut project under the brand. That project sold over 80 per cent of residences within months, generating more than $110 million in sales and highlighting the strong demand for attainable, quality apartments in desirable locations.

Planned for a 1,366 sqm site in South Brisbane, Symphony will offer a mix of one-, two-, and three-bedroom apartments. Prices are expected to start from $695,000, with the development specifically aimed at first home buyers and rightsizers seeking access to the market without compromising on lifestyle or design.

<img alt="Symphony at South Brisbane " data-entity-type="file" data-entity-uuid="866f9005-8c66-47cc-8df2-ebd7a1187339" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H5002COR-Symphony%20RenderTP%20%284%29.jpg?VersionId=NqJ6wbMoET8Zb2aWLyCYCjgaPc4v89Q6" />

Symphony will feature a two-level rooftop with wellness amenities, resort-style recreation spaces and activated ground-floor retail designed to foster community and enhance the local streetscape.&nbsp;

Sherpa founder Christie Leet said bringing Flourish to Brisbane marks a major milestone for the group, which has delivered 16 residential projects across South East Queensland and is actively expanding its pipeline across Brisbane and the southern Gold Coast.&nbsp;

“Flourish has been so well received because it offers well-crafted apartments at an attainable price-point, without cutting corners on quality or liveability,” said Leet. &nbsp;

“Symphony is an incredibly exciting step for us, it’s our first move into inner Brisbane, and we see huge potential here to deliver something different in a market that really needs it.&nbsp;

“We’re giving more first home buyers and local downsizers the chance to secure a well-designed apartment from $695,000 in one of Brisbane’s most walkable, connected, and vibrant neighbourhoods.&nbsp;

“That’s exactly what Flourish is about, helping more people live where they want to be, without compromise.”&nbsp;

<img alt="Symphony at South Brisbane " data-entity-type="file" data-entity-uuid="fe814256-2263-4857-89b6-3c5cce2645b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/H5002COR-Symphony%20RenderTP%20%2811%29.jpg?VersionId=WkbrLqMFGR9o7I_MzkIjHk14ANSko4qj" />

Designed by <a href="https://www.urban.com.au/architects/hal-architects">HAL Architects</a> and to be built by <a href="https://www.urban.com.au/builders/lps-group">LPS Group</a>, Symphony will benefit from Sherpa’s exclusive build partnership, ensuring certainty of delivery at a time when construction capacity remains tight.&nbsp;

Located moments from QPAC, South Bank, Fish Lane, and Brisbane’s CBD, Symphony will place residents at the heart of Brisbane’s cultural precinct, with easy access to major transport, education, and health hubs.&nbsp;

Subject to approvals, Sherpa expects to commence construction in early 2026, with a market launch planned for September 2025.&nbsp;

Sherpa’s proactive acquisition and delivery pipeline now exceeds $1 billion, supported by its focus on delivering attainable, design-led homes in high-demand, undersupplied urban and coastal precincts across South East Queensland.

Sherpa moves into Brisbane apartment market with Flourish brand

The first Queensland budget under the Crisafulli Government places a strong emphasis on housing, with several major policies aimed at shifting from short-term fixes to long-term structural reform.

Treasurer David Janetzki described the housing package as part of a “fresh start,” focused on restoring affordability, boosting supply, and promoting economic security through increased home ownership.

Among the headline initiatives is the $165 million “Boost to Buy” scheme, a shared equity program that will provide up to 30 per cent equity for new homes (and 25 per cent for existing homes) valued up to $1 million. The scheme is open to households earning up to $225,000 and is designed to reduce the deposit burden for first home buyers. Registrations of interest open from 1 July 2025.

This initiative complements the extension of the $30,000 First Home Owner Grant until June 2026, applicable to new builds, and comes alongside the abolition of stamp duty for first home buyers purchasing a new home.

[smartcode_project:default project_id=109146 project_image_fid=1015]

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership.

“We called for expanded access to shared equity because we know high deposit hurdles are keeping aspiring buyers from getting onto the property ladder,” Mercorella said.

“With suitable income eligibility thresholds of $225,000 for couples and $150,000 for singles and a statewide property value cap of $1&nbsp;million, the scheme reflects modern property prices across Queensland and makes it the most attractive in the nation."

In Greater Brisbane, the annual median house price is $895,000, and in the Brisbane LGA it's $1.21 million. Even for units, annual median unit prices are $770,000 and $735,000 for the Gold Coast and Sunshine Coast respectively.

[smartcode_project:default project_id=113271 project_image_fid=290045]

“The generous cap ensures the scheme is relevant in all corners of our state including high-demand areas like Brisbane, the Gold Coast, and Sunshine Coast, where the median house price now sits above $1 million. Without this adjustment, the scheme risked being out of touch with the reality faced by many first home buyers today.

“With limited placements and a strict focus on first home buyers, this is a measured and proportionate support mechanism. It represents a small share of overall market activity, is unlikely to distort demand, and may assist in rebalancing housing pressure by helping some renters transition into ownership."

[smartcode_project:default project_id=136432 project_image_fid=604]

Property Investment Professionals of Australia (PIPA) Chair Nicola McDougall praised the package as a market-aware and practical approach.

“Helping Queenslanders achieve property ownership was front and centre in the 2025–26 State Budget,” McDougall said.

“The Boost to Buy scheme and enhanced grants are pragmatic and market-aligned initiatives. The property price and income thresholds are more in line with market and economic realities, clearly indicating that the Queensland Government is serious about addressing the housing crisis and helping more young people achieve property ownership.”

Beyond direct buyer support, the Budget commits $2 billion to the Residential Activation Fund, with $1 billion allocated in the first year. This fund is aimed at fast-tracking trunk infrastructure, like water, power, and transport connections, for shovel-ready housing developments in both infill and greenfield areas.

The government has also earmarked $5.6 billion for new social and community housing, with a target of 53,500 new homes by 2044, and is investing $31.3 million in 13 new Regional Plans to support projected population growth and urban planning coordination.

McDougall highlighted the importance of long-term investor participation in underpinning Queensland’s rental housing supply.

“PIPA welcomes the opportunity to discuss policies that will not only encourage more property investors into the market but also motivate them to stay for the long-term,” she said.

“Removing stamp duty disparities between owner-occupiers and investors, and updating land tax thresholds to match today’s values, would be simple but powerful next steps.”

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership

Boost to Buy: Queensland Budget targets first home buyers in high-price market

Luxury builder-developer GRAYA is continuing its push to deliver high-end apartment living to Brisbane’s inner-ring suburbs.

Led by brothers Rob and Andrew Gray, <a href="https://www.urban.com.au/developers/graya">GRAYA</a> is making its mark in <a href="https://www.urban.com.au/developments/hamilton-qld-4007">Hamilton</a>, a suburb where the team has already delivered Scorpia and Larq, two of the suburb's most impressive homes.

Their latest vision is in the multi-residential space, with a bold new mixed-use development planned for 63-71 Racecourse Road — a prominent 3,614 sqm site that also incorporates 12 Balowrie Street.

The proposed development, dubbed <a href="https://www.urban.com.au/new-apartments/the-gallery-63-71-racecourse-road-hamilton-qld-4007">The Gallery</a>, will feature 37 apartments across four storeys — a mix of nine two-bedroom and 28 three-bedroom residences — and will be topped by an 800 sqm rooftop retreat complete with a pool. At ground level, eight boutique retail spaces will activate the street.

<img alt="Galley" data-entity-type="file" data-entity-uuid="43ebd632-e789-4a6b-91b9-2203d9b33888" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-11%20at%2011.23.08%E2%80%AFAM.png?VersionId=TrTRwggvE1dgilrQdIURyaheNPyly8Wm" />

“Occupying a pivotal corner of Hamilton’s Racecourse Road, The Gallery introduces a layered precinct that responds to both place and climate,” said architects bureau^proberts in the planning documents.

“Designed as both a civic anchor and a place of connection, the project reimagines the traditional high street through a contemporary Queensland vernacular — delivering a vibrant, village-like environment that draws from architecture, landscape, and community.”

The development occupies an entire street block at the intersection of Racecourse Road and Kent Street, establishing a strong civic presence while echoing the area’s architectural heritage. Drawing from the timber Queenslanders that populate Hamilton’s hillsides and the masonry buildings at either end of the high street, the design combines broad verandahs, green trellises, and finely crafted stone plinths to create a subtropical character unique to the precinct.

At ground level, laneway-style retail pods inspired by European villages are nestled beneath the concrete undercroft, forming a lushly landscaped market environment, bureau^proberts says. Pedestrian paths wind through the site to a green central courtyard — the heart of the development and a key public-facing element.

“As a catalytic project for Racecourse Road, The Gallery is more than a building — it is a place of activation, engagement, and renewal,” bureau^proberts added.

“Through a design-led approach that fuses subtropical architecture with lush greenery and artisanal retail, it sets a new benchmark for high-quality, community-oriented development in Hamilton.”

<img alt="Galley" data-entity-type="file" data-entity-uuid="fcf4f5b3-69dc-42c7-8cde-b8e95f6935b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-11%20at%2011.23.14%E2%80%AFAM.png?VersionId=ENB7sm_MTZZNwWbSQyD_RbP3Pl1GzWIR" />

At the core of The Gallery’s identity is the Stone Arbour — a series of sculpted stone plinths at street level that ground the building in both place and history. These robust elements draw from the corbelling techniques found in nearby heritage fences and public buildings, as well as the Hamilton Tuff stone that defines the area’s geological character.

GRAYA has become one of South East Queensland’s most recognisable luxury developers in the last few years.

While originally focused on bespoke homes in Brisbane’s most prestigious suburbs — including Teneriffe, New Farm, and Paddington — the company has successfully expanded into multi-residential projects in both Brisbane and the Gold Coast.

Notable developments include two New Farm projects, <a href="https://www.urban.com.au/buildings/maison-new-farm-60-moray-street-new-farm">Maison</a> and <a href="https://www.urban.com.au/buildings/chalk-by-graya-228-230-moray-street-new-farm">Chalk</a>, and <a href="https://www.urban.com.au/buildings/canvas-bulimba-30-love-street-bulimba-qld-4171">Canvas</a> in Bulimba. They recently launched their first true high-rise,&nbsp;<a href="https://www.urban.com.au/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">Enclave</a> in Broadbeach, selling half of the 23 apartments on its launch.

Their other Gold Coast developments include Ripple and <a href="https://www.urban.com.au/new-apartments/kloud-palm-beach-154-jefferson-lane-palm-beach">Kloud</a>, both in Palm Beach.

The proposed development, dubbed The Gallery, will feature 37 apartments across four storeys

First look exclusive: GRAYA expands Hamilton presence with The Gallery apartments

Brisbane’s supercharged unit market continues to run at breakneck speed.

After consistent growth in March and April (+0.6 per cent and +0.7 per cent respectively), values surged by 1.1 per cent in May—comparable to the boomtime growth seen last year, according to the latest Home Value Index by Cotality (formerly CoreLogic).

The May spike, the highest monthly increase across all capital city unit markets, pushed the median unit value beyond the $700,000 mark to a new record high of $709,000.

Unit values are now up nearly 12 per cent over the past 12 months.

Property markets nationwide continue to grow in value, largely driven by the two interest rate cuts implemented so far in 2025, with expectations of further cuts later this year.

Cotality Research Director Tim Lawless said the recent May rate cut is likely to further accelerate momentum in the coming months.

<h2>What happened in Brisbane’s off the plan apartment market in May?</h2>

May was a busier month in Brisbane’s off the plan apartment market, with major players reaffirming their commitment to the city’s inner ring, particularly West End and Newstead.

It was revealed national developer Traders in Purple secured a second development site in West End, hot on the heels of securing approval for <a href="https://www.urban.com.au/new-apartments/rivara-west-end-117-victoria-street-west-end">Rivara</a>, on their other West End site that was recently acquired from Crown Group.

The new site, at&nbsp;<a href="https://www.urban.com.au/new-apartments/281-montague-road-west-end-281-297-montague-road-qld-4101">281-297 Montague Road</a>, spans 10,628 sqm and already has approval for two towers up to 20 levels. Traders will revise the design to introduce a broader housing mix.

<img alt="Traders in Purple secures second West End site as Rivara approaches launch phase" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-14%20at%205.04.37%E2%80%AFPM.png?VersionId=U1pkQpIsYqcxTnImiFp7na6HKq87clV4" />

Traders In Purple Director George Geagea said the acquisition underlined the firm’s confidence in West End as a vibrant, high-growth precinct.

“We see an opportunity for long-term placemaking,” Geagea said, highlighting plans to improve public access and walkability, including a handover of 600 sqm to Brisbane City Council for upgrades to the West End Football Club’s home ground.

Read more: <a href="https://www.urban.com.au/news/qld/traders-in-purple-secures-second-west-end-site-as-rivara-approaches-launch-phase">Traders in Purple secures second West End site as Rivara approaches launch phase</a>

Another developer growing their portfolio in South East Queensland is Pyco, who lodged plans for a new 11-level tower in South Brisbane at 37-39 Browning Street.

Designed by Gatehouse Architects, the proposal includes 65 apartments, the majority of which are three-bedrooms tailored for the owner-occupier market.

<img alt="First look: Pyco to take on South Brisbane's apartment market" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-14%20at%203.14.25%E2%80%AFPM.png?VersionId=.ZVNUUcfRDLgtCvQsvKNdZ.jsNoxVzzj" />

A rooftop wellness retreat will offer residents a pool, spa, sauna, steam room, and BBQ area, while penthouse buyers will enjoy private rooftop terraces with their pools.

Pyco is already active in Brisbane with ongoing projects in Albion (Nouveau) and West End (Atelier). They recently launched <a href="https://www.urban.com.au/new-apartments/onde-kirra-10-churchill-street-coolangatta-qld-4225">Onde Kirra</a> on the Gold Coast.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-pyco-to-take-on-south-brisbanes-apartment-market">First look: Pyco to take on South Brisbane's apartment market</a>

Also making waves across South East Queensland is builder-developer BPG Developments, who in May unveiled plans for an 18-level tower in Newstead at <a href="https://www.urban.com.au/new-apartments/16-22-maud-street-newstead">16-22 Maud Street</a>.&nbsp;

Designed by Plus Architecture, the 131-apartment building will feature two and three-bedroom homes and an amenity-rich rooftop with cold and hot plunge pools, yoga lawn, and saunas.

<img alt="First look: BPG eyes Newstead apartments on Maud Street" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Maud%20Newstead.png?VersionId=wID_WCye_qNou.4EGtyvlSuGnwFCCcjl" />

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The building’s design pays tribute to its neighbouring heritage-listed boot factory through the use of brickwork and arched forms, adding a layer of historic texture to the contemporary precinct.

BPG also recently filed for <a href="https://www.urban.com.au/news/qld/first-look-bpg-developments-returns-to-palm-beach-new-apartment-market">71 apartments in Palm Beach</a>.

On the decision to double down in two of South East Queensland's most sought-after suburbs, Williams said the reasons are straightforward.

"None of the key drivers have changed," Williams told Urban.

"There's still a shortage of stock. Very few new apartments are getting built. Unless you're a builder-developer right now, making the numbers work for a new development is extremely difficult due to high construction costs and the availability, and cost, of builders."

Read more: <a href="https://www.urban.com.au/news/qld/first-look-bpg-eyes-newstead-apartments-on-maud-street">First look: BPG eyes Newstead apartments on Maud Street</a>

CoreLogic Research Director Tim Lawless said the recent May rate cut is likely to further accelerate momentum in the coming months.

City Beat May 2025: Brisbane units break through $700k median as values spike in May

Just a month after lodging plans for a new apartment development in Palm Beach on the Gold Coast, <a href="https://www.urban.com.au/developers/bpg-developments">BPG</a>—led by Glen Williams and Nick Parr—is now looking to build in Newstead.

The team is planning an 18-level tower at <a href="https://www.urban.com.au/new-apartments/16-22-maud-street-newstead">16-22 Maud Street</a>, a 2,428 sqm site that Williams told Urban they had been working on securing for some time.

On the decision to double down in two of South East Queensland's most sought-after suburbs, Williams said the reasons are straightforward.

"None of the key drivers have changed," Williams told Urban.

"There's still a shortage of stock. Very few new apartments are getting built. Unless you're a builder-developer right now, making the numbers work for a new development is extremely difficult due to high construction costs and the availability, and cost, of builders."<img alt="Maud Newstead corner" data-entity-type="file" data-entity-uuid="da8ccfed-012e-442c-8788-295d02132c76" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20Newstead%20corner.png?VersionId=bGrfsEHPeEG0axAUZvEEccqR4BQHqh8Y" />

The new tower, designed by <a href="https://www.urban.com.au/architects/plus-architecture">Plus Architecture</a>, will have 131 two and three-bedroom apartments, plus a wellness-focused rooftop with a&nbsp;gym, sauna, steam room, hot and cold plunge pools, a yoga lawn, communal barbecues, and shaded lounging terraces.

On the ground, a landscaped garden lobby with street-facing seating will link to a retail tenancy and corner plaza, encouraging street-level vibrancy and creating a new social node for Maud Street.

<img alt="Maud Newstead front" data-entity-type="file" data-entity-uuid="2516d100-c0f2-4b16-b1e1-8362613ed6c2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Maud%20Newstead%20front.png?VersionId=BayGQwpkfqWgwdQjJ86C8ksAXCo4g3e8" />

The design inspiration for the new building came from the heritage-listed former Goldsworthy and Perkins Boot Factory, located next door.

"The design pays homage to the suburb’s industrial history and responds to its context by referencing those iconic archways and tactile brick materiality," Plus Architecture noted in the planning application.

The old boot factory is owned by Super Amart billionaire John Van Lieshout’s development company, Unison Projects. They’re planning 45 apartments across a 12-level tower, with the former boot factory—a two-level brick building dating back to the late 1880s—set for partial demolition.

Last month, BPG filed plans for a new 71-apartment building in Palm Beach—a return to Palmie for the developer, who completed Sable on Palm Beach, just a few doors down from the new site, in 2019.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-bpg-developments-returns-to-palm-beach-new-apartment-market">First look: BPG Developments returns to Palm Beach new apartment market</a>

The new tower, designed by Plus Architecture, will have 131 two and three-bedroom apartments, plus a wellness-focused rooftop

First look: BPG eyes Newstead apartments on Maud Street

National property group Traders In Purple has topped up its pipeline of luxury inner Brisbane development projects with the off-market acquisition of a second prime site at West End with a project value exceeding $850 million.

The acquisition of the 10,628 sqm site at 281-297 Montague Road comes after the group last week received DA approval for the <a href="https://www.urban.com.au/new-apartments/rivara-west-end-117-victoria-street-west-end">riverfront Rivara project</a> at 117 Victoria St, West End, a site it settled in August last year.

Traders In Purple is <a href="https://www.urban.com.au/news/qld/first-look-exclusive-traders-in-purple-plan-large-apartments-on-west-end-megasite">preparing for a launch of Rivara</a> mid this year, and is already fielding inquiry from prospective purchasers seeking a luxury riverfront lifestyle.

The newly acquired Montague Road site has an existing approval for two towers up to 20 storeys. Traders In Purple is preparing a new application which will include provision for a more diverse mix of apartments, to broaden the appeal to a wider demographic of buyers drawn to Brisbane’s most dynamic neighbourhood.

The site offers city and river views, and overlooks sports fields and Davies Park, where Brisbane’s popular West End Markets are held each Saturday.

Traders In Purple Director George Geagea said the acquisition of a second West End development site reflected the company’s confidence in the location, close to the city, river and lively West End neighbourhood.

“The more we looked at West End as we worked on the Rivara project, the more we liked its fundamentals,” said Geagea.

“It has a great energy and character, and with proximity to the CBD and the Brisbane River, it ticks a lot of boxes for different buyer groups – young professional couples and singles, families and downsizers.”

Geagea said the urban renewal of West End’s former commercial and industrial sites presented an opportunity for considered placemaking that benefited the wider community.

“Creating beautifully designed and quality built homes is only one part of our responsibility as developers,” said Geagea.

“West End is in a transitional period and the public domain is critical, particularly in a location that is such an integral part of the community.

“Foremost in our planning will be consideration for accessibility and walkability, improving public access from Montague Road to the parks and riverfront.

“We are looking to increase open green space and landscaping, opening up view lines and creating more places for residents and the community to enjoy the beauty of this location.”

A 600 sqm section of the site will be handed over to Brisbane City Council to allow improvements to West End Football Club’s home ground.

Traders has over $5 billion with of projects across both Queensland and New South Wales.&nbsp;

Geagea said the group’s integrated model with its own construction capability had allowed it to navigate challenges that have impacted the property industry.

“We are not immune to cost escalation and supply chain issues however we are able to exert far greater control over resourcing and costs,” said Mr Geagea.

“Where some see obstacles, we see opportunity and with our own construction team and 100% completion track record, we have built a high level of trust amongst our customers and stakeholders.”

Traders in Purple secures second West End site as Rivara approaches launch phase

Developer Pyco is continuing to expand its presence across South East Queensland, with a growing portfolio of residential projects spanning from the Gold Coast to Brisbane.

Currently delivering three developments across the region, <a href="https://www.urban.com.au/developers/pyco-group">Pyco</a> has now lodged plans for its next Brisbane project—an 11-level residential tower in the heart of South Brisbane.

The proposal covers a 1,836 sqm site at <a href="https://www.urban.com.au/new-apartments/39-41-browning-street-south-brisbane">37 and 39 Browning Street</a> and has been designed by Gatehouse Architects. In line with Pyco’s broader South East Queensland strategy, the project is geared toward the owner-occupier market.

The development will comprise 65 apartments, including 53 three-bedroom residences, 12 of which feature an additional multi-purpose room. The remaining residences include 11 two-bedroom apartments and a single one-bedroom apartment.

The rooftop has been designed as a wellness-focused retreat, featuring a lawn, swimming pool, spa, steam room, sauna, and barbecue facilities. The building’s two penthouses will enjoy private rooftop spaces with lap pools, roof terraces, and dedicated barbecue areas.

<img alt="Pyco" data-entity-type="file" data-entity-uuid="cdceeef8-e7e5-482d-b168-796da6c47f50" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-14%20at%203.14.36%E2%80%AFPM_0.png?VersionId=PdKCPpjb6EFqyLCFl0LZP4XU00Vxftty" />

In their town planning report, Mewing Planning Consultants noted that the site offers a range of contextual advantages that make it ideal for a residential development. They highlighted the project’s ability to support urban consolidation and the efficient use of land in a well-connected inner-city location.

"The focus for the development is the delivery of a residential housing product that allows households and families to live in an inner-city, well-located area in close proximity of key employment nodes, education facilities, public transport, mixed-use centres and public open space.

Gatehouse Architects said in their design statement that the multi-residential project thoughtfully responds to the evolving urban character of Browning Street.

"The proposal echoes the spirit of early developments like Watson Terrace (built in 1888), by contributing to the growth and diversification of the local population. Just as Watson Terrace played a role in the area’s early gentrification, this development continues that trajectory—delivering contemporary housing that addresses the evolving needs of South Brisbane’s expanding community."

The building's sculptural façade and restrained material palette create a sense of clarity and refinement. White textured render, expansive glazing, light-toned brickwork, and white aluminium battens will define the exterior.

The residential levels will sit above a 40 sqm ground-floor retail space, adding to the street activation. A neighbouring building of similar scale was approved at 41 Browning Street in December.

Pyco is currently delivering&nbsp;<a href="https://www.urban.com.au/new-apartments/nouveau-albion-8-16-anstey-street-albion">Nouveau</a>&nbsp;in Albion and <a href="https://www.urban.com.au/new-apartments/atelier-110-vulture-street-west-end">Atelier</a> in West End, and recently launched its latest coastal project, <a href="https://www.urban.com.au/new-apartments/onde-kirra-10-churchill-street-coolangatta">Onde Kirra</a>, on the Gold Coast.

First look: Pyco to take on South Brisbane's apartment market

Brisbane's ever-consistent unit market continues to live up to its reputation.

Unit values grew by 0.5 per cent in April, according to the Home Value Index by Cotality (formerly CoreLogic), making it the best-performing capital city unit market behind only Perth (0.6 per cent).

The April gains follow 0.7 per cent growth in both February and March.

The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.

Increased demand from interstate migration and a lack of new supply have combined to drive up unit values in Brisbane in recent years. And with the 2032 Brisbane Olympics still seven years away, there’s still plenty of growth potential in the Queensland capital.

<h2>What happened in Brisbane’s off the plan apartment market in April?</h2>

The majority of activity in Brisbane's off the plan apartment market in April came from three of the state's most prominent developers.

<a href="https://www.urban.com.au/developers/sekisui-house-australia" target="">Sekisui House Australia</a> released the final building in West Village, their $1.2 billion, multi-award winning West End masterplan they have been developing since 2016.

[smartcode_project:default project_id=134800 project_image_fid=341714]

The final building, Callista on Park, will home 96 apartments across a 14-level building designed by Rothelowman.

The apartments will feature natural materials and engineered timber flooring. Expansive living areas, framed by full-height glass and generous balconies, bring in an abundance of natural light and parkland or city views.&nbsp;

[smartcode_project:default project_id=134800 project_image_fid=341715]

A standout feature is the rooftop retreat, complete with a pool, spa, BBQs, chef’s kitchen, and residents’ lounge, all set within lush landscaped gardens.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-inside-west-villages-crowning-glory-callista-on-park">First look inside West Village’s crowning glory, Callista on Park</a>

<a href="https://www.urban.com.au/developers/gardner-vaughan-group" target="">Gardner Vaughan Group</a>, one of the biggest contributors to housing supply across South East Queensland, broke ground at its new Nundah development,&nbsp;<a href="https://www.urban.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah">Danby Lane</a>.

The mixed-use development will deliver 84 apartments above a vibrant retail and commercial ground floor. GVG, who has been based in Nundah for the past decade, will relocate their HQ to one of the commercial spaces in the development.

[smartcode_project:default project_id=112531 project_image_fid=320114]

The 12-level building will feature resort-style amenities like a pool, rooftop terrace, gym, and function room with sweeping city views.

GVG Commercial Director, Sam Gardner, said Danby Lane represents GVG's&nbsp;commitment to delivering places with purposes, designed for real people living real lives right here in&nbsp;<a href="https://www.urban.com.au/developments/nundah-qld-4012" target="">Nundah</a>.

"As a long-standing, family-owned builder and developer based in&nbsp;<a href="https://www.urban.com.au/developments/nundah-qld-4012" target="">Nundah</a>, we are committed to keeping our neighbours and surrounding residents informed of every step relating to the build of Danby Lane. Transparency and open communication are key to delivering a project that respects and enhances the community we’re proud to be part of.”

GVG expects to complete Danby Lane in 2027.

Read more: <a href="https://www.urban.com.au/news/qld/gardner-vaughan-kicks-off-construction-at-danby-lane-nundah">Gardner Vaughan kicks off construction at Danby Lane, Nundah</a>

April also saw&nbsp;<a href="https://www.urban.com.au/developers/shayher-group">Shayher Group</a>, the developer behind the multi-stage redevelopment of the Bulimba Barracks site, file news plans in&nbsp;<a href="https://www.urban.com.au/developments/indooroopilly-qld-4068" target="">Indooroopilly</a>.

They've sought to develop two low-rise buildings, Parkview and Riverview, at 34 Jacaranda Place, next door to their completed Long Pocket townhouse development.

<img alt="First look: Shayher Group reveals next Indooroopilly stage" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-04-28%20at%201.22.19%E2%80%AFPM.png?VersionId=2xSCYvErdfKFwWFe7gE1wF9IiXy2xIdq" />

The two buildings will home a combined 76 two and three-bedroom apartments. Each building will have rooftop amenities, with Riverview offering an infinity pool, and Parkview featuring a yoga lawn and lounge area.

The site has already received general support from Brisbane City Council, with only minor design refinements suggested to reduce building bulk.

Read more: <a href="https://www.urban.com.au/news/qld/first-look-shayher-group-reveals-next-indooroopilly-stage">Shayher Group reveals next Indooroopilly stage</a>

The median unit value now sits at $698,000 and is likely to break the $700,000 mark in May for the first time in history.

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