Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

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Joel Robinson

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
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The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
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Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

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Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Central Element is seeking approval for a significant residential redevelopment in Lavender Bay, lodging plans for a dual-tower apartment project that would deliver 163 new homes on a prominent site at the northern gateway to Milsons Point.

The Sydney-based builder-developer has lodged a concurrent rezoning proposal and State Significant Development Application for <a href="https://www.apartments.com.au/new-apartments/64-66-lavender-street-lavender-bay-nsw-2060">64-66 Lavender Street and 3-7 Middlemiss Street</a>, a 2,305 sqm amalgamated site currently occupied by a collection of ageing residential flat buildings.

Designed by SJB, the proposal would replace the existing 32 apartments with two residential towers rising 23 and 32 storeys, comprising 163 apartments including affordable housing managed by a community housing provider. The project forms part of the NSW Government's Housing Delivery Authority program and has been progressing through a fast-tracked state planning pathway since being endorsed for further assessment in 2025.

The proposal is one of the most significant redevelopment opportunities currently under consideration on Sydney's lower north shore, sitting between the high-density towers of Milsons Point and the lower-scale heritage fabric of Lavender Bay.

<img alt="Lavender Bay" data-entity-type="file" data-entity-uuid="93ecf0ee-487d-4292-afc4-0bc9579475d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.48%E2%80%AFAM.png?VersionId=PunU2ipMaTxiJcJ8NdMyUlWA7d98eNUb" />

The planning proposal seeks a substantial uplift from the current 12 metre height limit, which would only allow for a four-storey building, however the submission argues a scheme within these limits would not be&nbsp;economically feasible given the complexity of site amalgamation and would fail to maximise housing delivery on land located within walking distance of major transport infrastructure.

SJB said the design evolved significantly following discussions with the Department of Planning, Housing and Infrastructure and independent design review processes.&nbsp;Rather than pursuing a single larger tower, the architects adopted a two-tower approach aimed at reducing perceived bulk, preserving view corridors and creating greater permeability at ground level.

The northern tower would rise 23 storeys and contain 81 apartments, while the southern tower would reach 32 storeys and accommodate 82 apartments. Five basement levels would provide 174 car spaces, 181 bicycle spaces and 10 motorcycle spaces.

"The proposal for 3–7 Middlemiss Street and 64–66 Lavender Street is driven by a clear ambition to complete the Middlemiss Peninsula, delivering the final piece of a carefully evolving urban precinct," SJB noted in its design report.

"Positioned at the threshold between Lavender Bay and the North Sydney CBD, the development is envisioned as a unifying element—one that completes the skyline composition while providing a considered and harmonious transition between the peninsula’s established character and the intensity of the CBD beyond.

"Collectively, the development aspires to create a landmark that is generous, inclusive, and deeply connected to its setting, one that enhances the skyline, strengthens the public realm, and contributes to a more equitable and sustainable urban future."

Communal spaces would be distributed across multiple levels, including landscaped podium gardens, swimming pool facilities, barbecue areas and rooftop-style retreat spaces designed for residents. The proposal delivers more than 1,500 sqm of communal open space and nearly 400 sqm of indoor communal facilities.

<img alt="Central Element" data-entity-type="file" data-entity-uuid="0671c276-6dd8-4cfc-97b0-134a45d2c8cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.30.17%E2%80%AFAM.png?VersionId=90D7lRaCTMTsFx92tIBrHlZcuaV_a4cw" />

A major focus of the planning assessment has been the project's relationship with surrounding public open spaces.

Clark Park, Bradfield Park and Wendy Whiteley's Secret Garden are among the lower north shore's most valued public landscapes, and overshadowing impacts have been closely examined through the design process. Central Element is proposing to also create a new public plaza and pocket park as part of the development.

Central Element has been developing across Sydney since 2010.

They have recently completed their Chatswood tower, Ethos Chatswood, as well as their luxury redevelopment of Coogee's landmark Ballamac House. They are currently selling Pearl Bondi, just seven high-end homes, while future plans include a tower on Hyde Park, and a boutique project in Neutral Bay.

First look: Central Element reveals Lavender Bay apartment plans

Cairns

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Half-a-million dollars offers plenty of property options to owner occupiers or investors in Queensland’s Cairns because the sum is well above the median prices, say valuation firm Herron Todd White in their July residential market report.
A $500,000 property investment in Cairns will secure a well located modern executive style suburban dwelling or alternatively an above average quality apartment in the Cairns CBD, located on the mid to upper levels of a near new high rise unit development. 
“Indeed the purchaser or investor at this price level would find a large range of sectors, styles and locations available to choose from. However, it remains impossible to spend $500,000 on a new apartment due to the absence of new unit construction at that level,” says the HTW report. 
The $500,000 mark in the Cairns market is relative to the current (April 2016) median price levels of approximately $385,000 for houses and $220,000 for apartments. Over the past twelve months, 75% of houses and 95% of apartments sold in Cairns transacted for $500,000 or under. 
The Cairns market sits at the rising market stage of the cycle but is currently experiencing a pause due to factors such as tighter investment lending criteria and the uncertainty over negative gearing. This is indicated by sales volumes progressively softening over the past six to nine months while prices have reverted to minimal to no growth. 
“Nevertheless our prognosis is for the market to return to slow growth as the region’s tourism-based economy continues to improve,” says the report.
Property Observer looked up a recent sale on www.realestate.com.au that fits the bill. A three-bedroom, two-bathroom house at <a href="https://www.realestate.com.au/property-house-qld-cairns-122643390" target="_blank">5 McCrae Street, Cairns, Qld 4870</a> sold for $397,000.
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jonathanchancellor-7SQnKwU6yx

Property options abound in Cairns in sub-$500,000 category: HTW

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Queensland's Cairns was a rising market for houses while it was starting to recover for units, according to valuation firm Herron Todd White's property clock -- a simple broad brush means to suggest where property markets are and the direction they're headed to.
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In Cairns, the outer or fringe areas essentially mean the Edmonton to Gordonvale corridor on the southern side of the city. The area is a significant growth node bearing much of the brunt of the current and future population expansion. Indeed, Edmonton and Gordonvale were both satellite sugar towns which are now being well and truly swallowed alive by the urban expansion of Cairns.
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Housing development in the Edmonton to Gordonvale corridor is dominated by single dwellings located on 600 to 800 square metre allotments. There is precious little in the way of apartment developments. Most sales in the current market appear to be to intending owner-occupiers. The investor market is soft. 
For investors, the most popular purchases are standard four-bedroom, two-bathroom new dwellings which typically sell around the $340,000 to $360,000 mark and typically rent in the $420 to $450 per week range. There are higher quality homes typically up to $450,000 in price, but at this level still only pull $420 to $450 per week in rent. 
Our feedback is that 10 to 20-year-old three-bedroom, one-bathroom dwellings are harder to move in the current market, particularly in the $260,000 to $300,000 category. It may be these dwellings that are offering the better buying opportunities with these homes typically renting for $310 to $330 per week. 
However, the key to buying an investment property in the Cairns housing market at present is to concentrate on the current rate of rental return, not on the prospect of future capital gain which may be some time coming. 
Property Observer found a few recent sales in the range $260,000 to $400,000 in Cairns' fringes on www.realestate.com.au.
A four-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-edmonton-122382446" target="_blank">18 Novelli Street Edmonton Qld 4869</a> sold for $372,000.
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A three-bedroom house with a double garage at <a href="https://www.realestate.com.au/property-house-qld-gordonvale-122094146" target="_blank">28 Buzacott Street Gordonvale Qld 4865 </a>sold for $273,000.
 
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prateek24-ezbwHMbNAk

Investor market soft in Cairns' fringes: HTW

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Eagles Nest, a prestige property at Rocky Point in the Port Douglas region of Queensland is up for sale for $7,250,000. 
Perched high in the Daintree Rainforest with views across the Coral Sea toward the Great Barrier Reef, the house is a 20-minute drive inland from Port Douglas.
By air, it's a 15-minute flight from Cairns International Airport to a private helipad.
Constructed to uncompromising standards, the Indonesian-inspired roof-line covers 1,000 sqm of interior living space and covered verandas.
All its indoors and out are seamless to achieve tropical living at its easiest. 
With the living areas located primarily on the ground level, the foyer opens to formal living, library, and dining rooms of grand proportions. 
An open plan lounge room and entertainer’s kitchen with casual dining adjoins a covered outdoor dining area and swimming pool.  
There are three master bedrooms each with an ensuite, with the main bedroom suite offering views of the Coral Sea and Mossman Valley. 
Located on the top floor is a master den with private balcony and telescopic observatory.
A second study or staff quarters is on the ground level. 
Amenities include an Italian glass-tiled swimming pool and spa with water features; tennis court and helipad.
All state-of-the-art built with technology, and security.  
Moments away are Rocky Point white-sand swimming beach and Trinity Bay for water sports.
The home at <a href="https://www.raineandhorne.com.au/mossman/properties/rocky-point-rocky-point-4873-queensland" target="_blank">10-12 Hibiscus Court, Rocky Point</a> has been listed through Raine &amp; Horne Port Douglas agent, Barbara Wolveridge by Cheryl and Malcolm McKellar.
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Port Douglas trophy Eagles Nest listed

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Cairns remains a rising market, following a year of continued growth and consolidation as a result of its steadily improving economy and the market being positioned in the rising market phase of the property cycle throughout the year, say Herron Todd White in their latest property clock.
Valuation firm Herron Todd White’s property clock is a simple broad brush means to suggest where property markets are as at March 2016 and what direction prices are moving in.
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Cairns is typically counter-cyclical to the national market, according to HTW. Whenever the national economy slows and the Australian dollar falls, the Cairns tourism industry becomes more competitive, the local economy improves and the real estate market revitalises.
There is good demand for most residential property types and although sales growth has eased, prices continue to rise. 
HTW expects 2016 sales volumes to see a slow but steady increase and flow through to price rises being maintained typically at around the 5% mark. 
There will be on-going demand for rental property which, given the relatively slow rate of new housing development and tighter lending conditions to investors, will keep the supply of rental property moderately tight and maintain a slight upward pressure on rents. 
Cairns remains in a positive position at present compared to the downward adjustments taking place in the major capitals. 
The median price of units in the city was $370,000 at the end of 2015, according to RP Data. There was no comparable data for houses.
As an example of recently sold units around the median, a two-bedroom dwelling at <a href="https://realestateview.com.au/real-estate/161-163-esplanade-cairns-city-qld/property-details-sold-residential-9716215" target="_blank">161-163 Esplanade</a> sold for $388,000, according to www.realestateview.com.au.
HTW noted with new construction and development remaining quiet in Cairns, gentrification is not an especially strong force in the overall development landscape.
The inner suburbs of Cairns North and Parramatta Park have traditionally been the popular gentrification areas of Cairns, with some extension into suburbs such as Edge Hill, Manunda and Westcourt.
It noted the slowdown in new unit development in Cairns.
There was something like 980 new units built on greenfield or recycled sites in Cairns North over the period from 2000 to 2008.
"However there’s been absolutely nothing since."
Parramatta Park has experienced significant gentrification over the years typically based on renovation and modernisation of its older style Queenslander dwellings. This also reflects the character precincts in place in much of Parramatta Park as opposed to the more blank canvas development approach that has taken place in Cairns North.
"By way of example, renovated Queenslanders in Parramatta Park currently command a market range typically of $450,000 to $600,000, compared to a typical market range of $350,000 to $450,000 for unrenovated dwellings." 
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Counter-cyclical Cairns in a positive position in 2016: HTW property clock 

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Stockland Cairns – a nearly 50,000 square metre shopping centre in Cairns — is up for sale through an International Expressions of Interest (EOI) campaign closing March 31.
The sale is expected to fetch more than $230 million for the Stockland Group, which has appointed JLL’s Simon Rooney for the campaign.
Stockland Cairns, spread over 49,532 sqm, is a triple DDS anchored sub-regional shopping centre comprising a Big W, Target, Harris Scarfe, Coles, Woolworths, BCC six screen cinema complex, in addition to 10 mini majors, 110 specialty tenancies and kiosks.
“Investors continue to see long-term value in the Queensland retail market. Investment into retail assets in Queensland continues to strengthen from year to year. Total transaction activity has risen from $1.4 billion in 2013, to $1.7 billion in 2014 and to a record-high of $2.3 billion in 2015,” said Rooney.
“There have been very few opportunities historically to acquire a 100% interest in a major, high quality retail asset over $200 million in Queensland. We have recorded just three transactions above this threshold in the last 10-years. One of those transactions occurred directly off-market and one was part of a national portfolio.”
He said several institutional retail landlords bought assets in Queensland last year to increase exposure to the state. Blackstone acquired Westfield Strathpine as part of a wider portfolio transaction for $655.5 million, QIC bought Domain Central Homemaker Centre (nearly $130 million) and Hinkler Central ($110 million) and LaSalle Investment Management acquired three retail assets totalling $171 million.
“We expect Stockland Cairns will be highly sought after given the high level of demand for major retail assets in Queensland and the shortage of opportunities to acquire major assets,” said Rooney.
“The resurgence in inbound tourism, which follows the depreciation in the AUD, is supporting the local economies of major tourist regions such as Far North Queensland. Overseas visitor arrivals have increased by over 7% year-on-year, nationally, which supports a positive outlook for retail trading conditions.”
Stockland Cairns benefits from its location at the gateway to the southern growth corridor of the Cairns region, with 247,030 residents within the total trade area, including 168,810 residents in the main trade area.
Several major tenants including Target and Woolworths have renewed their leases to July 2022 and June 2036, respectively, as well as a brand new lease to Harris Scarfe to May 2026.
<a href="/expert-insights/investing/stockland-reports-8-1-percent-increase-in-first-half-underlying-profit">Stockland</a>, Australia's largest diversified real estate investment trust, reported on Wednesday an 8.1 percent rise in first-half underlying profit to $313 million.
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Stockland Cairns comes to market with a price tag of $230 million plus

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McGrath Estate Agents have opened a new office in Cairns, the second for the group in North Queensland.
McGrath chief executive John McGrath said he expects significant growth in Cairns and North Queensland over the coming years, as a result of a lower Australian dollar, heightened tourism activity and an upsurge in new development.
McGrath Cairns will be led by Principals, Matt Powe and Kirsty Kernot. Seven sales agents will join the team at McGrath Cairns.
Matt Powe said since 2012 the market has trended upwards after a sustained period of negative growth. 
"However Cairns remains an affordable city to raise a family with excellent schools and lifestyle and recreational facilities," he said.
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The new office will service Palm Cove, Gordonvale, Cairns City and Kuranda. The top five suburbs to be serviced include Edge Hill, Redlynch, Kewarra Beach, Kanimbla and Cairns City. 
 
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Developments

New apartments

New townhouses

News