Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

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

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Commercial Listing

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Historic Hordern House at Potts Point has been listed for sale with $6.5 million hopes.
The 1880s Victoria Street terrace house was bought by the rare book dealers Anne McCormick and Derek McDonnell for $438,000 in 1985. 
Anne McCormick has been involved in rare books, manuscripts, paintings and prints since the 1970’s first in business in Paddington. They are moving to new premises.
The freestanding terrace has a 19 wide frontage, spanning three levels over 561 square metres.
The Richardson &amp; Wrench listing agent Geoff Cox said in the marketing it was ready for adaptation to a "large, stunning and private residence with at least 4 bedrooms."
This article was first published in the Sunday Telegraph.
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jchancellor-FAypfDUnLy

Historic Hordern House, Potts Point listed by rare book sellers

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A ground floor shopfront in the heart of Seaforth village just north of Sydney is available for commercial investing with expectations of at least $825,000.
The shopfront at <a href="https://www.raywhite.com/nsw/seaforth/1513085/?lang=en">1/51 Ethel St</a> sits within a boutique block of luxury apartments enjoying good exposure. 
Home to a hair salon, rental earnings from the shop are $1,000 pw. 
According to the description by listing agent Mark Griffiths of Ray White, the shopfront sports a sleek fit-out, has two kitchenette areas, designer lighting, feature walls, storage areas, a/c and car park. 
Taxes include strata levies of $965 per quarter, water $171 per quarter, Council rates $258 per quarter and electricity $600 per quarter.
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jonathanchancellor-7SQnKwU6yx

Shopfront in NSW's Seaforth up for sale below $1 million 

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A corner freehold investment ion Melbourne's Chapel Street in Windsor has come on the market with a price expectation around $11 million.
The property, 125–131 Chapel St, Windsor, named “Conway’s Corner” currently has eight secure tenancies and is not he market through hockingstuart Commercial’s Charles Carty in conjunction with Colliers International and ASM Commercial.
The property goes to auction midday, 14 October.
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Chapel St, Windsor corner freehold up for auction

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Any investor who has ever thought of owning a fully operating hard rock quarry as an investment will get their opportunity at an auction at the Albury Club on September 16 when Ruralco Property submit the Hurricane Hill Quarry at Culcairn, NSW for bids.
The fully operating quarry is located on Weeamera Road about twelve kilometres southwest of Culcairn and produces crushed rock ranging from 7 mm aggregate up to 63 mm rail ballast.
The quarry is based on a reserve of rhyodacite rock estimated at an unquarried resource of about nine million tonnes with recent annual production volumes of about 250,000 tonnes with a permitted expansion up to 750,000 tonnes.
A member of the BORAL Group operates the quarry under a licence which has about twelve years to run.
The royalty paid by BORAL on a per tonne mined or quarried basis will therefore flow to the new owner as a return on investment
Hurricane Hill Quarry is offered with all extractive licences and permits in place and includes a freehold land area of about 110 hectares or 275 acres, part of which has been cropped or used for dryland grazing.
The quarry is situated about 50kms north of Albury and is a potential beneficiary from regional infrastructure projects in roads and railways in particular.
Ruralco Property agent Michael Everard says that a quarry has operated on this site for about eighty years with BORAL having acquired the operating licence about twenty years ago.
“Ï anticipate that the Hurricane Hill Quarry investment could attract offers in the range $3.5 to $4 million at which price range there would be a potentially attractive indicated investment return to the purchaser”.
Mr Everard adds the offer is to conclude a family inheritance matter on behalf of a descendant of the original family that has owned the freehold property for many generations.
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j.ballantyne1990-6AQqhLzZaK

Operating Culcairn hard rock quarry to offer attractive return 

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The longtime Sydney automotive business, the Alto Group has listed a 6063 sqm Gordon site as a residential development offering.
The 888 Pacific Highway, Gordon, in Sydney’s north, is set to attract keen Chinese interest given its street number.
It is approved for the development of 144 residential dwellings and 730sq m retail space.
It is listed with price expectations of more than $35 million through Colliers International’s Guillaume Volz in conjunction with Shead Property.
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Alto Group list 888 Pacific Highway Gordon

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Bondi Beach's iconic Bates Milk Bar has been listed by the Bates family.
Situated on the corner of Campbell Parade and Hall Street, Bates Milk Bar was established in 1951 and has left an impression on anyone who passed by for their famous choc-malt milkshakes.
Their doors closed in 2001 having been the focal point of the community for over 50 years.
The 1920's style freehold building is currently leased to Platypus Shoes, Gelatissimo, Natalie Alamein, Mezi Retail and also offers three residential tenancies.
Colliers International agents Miron Solomons and Matt Pontey have the listing in conjunction with Anthony Bray of Cushman &amp; Wakefield for public auction September 23.
The property receives a net income of approximately over $600,000 plus GST.
Solomons said a mixture of blue-chip retail tenants and residential accomodation offers a diverse and low risk income stream with the benefit of future boutique residential improvements. 
 “An offering of this calibre is to be considered a once in a lifetime opportunity and we expect high levels of interest from high net worth private investors and boutique investment funds, both nationally and off-shore, looking to acquire a renowned, quality and secure trophy investment” he said.
Head of Investment Services, Australia for Colliers International, Matthew Meynell said that Bondi has traditionally been a tightly held market.
“Bondi has been a tightly held market with only a handful of commercial properties trading every year," he said.
"Recent development activity in the area, coupled by growing support from Waverley Council has seen the area reinvigorated and interest levels peaking in Bondi’s commercial market” 
 
 
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Iconic former Bondi Beach milk bar trophy asset hits the market

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The Hughenden hotel in Woollahra has been sold having been listed in May with expectations of $20 million plus.
The buyer has not been disclosed, but the 1356-square-metre site was likely acquired by a developer. No sale price was offered on realcommercial.com.au for <a href="https://www.realcommercial.com.au/property-hotel+leisure-nsw-woollahra-501942758" target="_blank" style="font-size: 12.16px; line-height: 1.3em;">The Hugheden</a> which was built in 1870 as a grand Victorian residence for Dr Frederick Harrison Quaife, president of the British Medical Society who brought the first X-ray machine to the colony. 
It later served as a Masonic Hall, nurses home, dance hall and ladies college before falling into disrepair in the early 1990s.
The 32-room hotel was offered by the children's author Susanne Gervay who commissioned agents Lincoln Blackledge and Philip Gartland of Stonebridge Property Group to sell the Queen Street property.
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The Hughenden, Woollahra sold

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An office/warehouse in Queensland’s Logan City is up for sale through Raine &amp; Horne for an expected price tag of $635,000.
The <a href="https://www.rhcommercial.com.au/properties/12-126-compton-road-woodridge-4114-queensland" target="_blank">12/126 Compton Road, Woodridge 4114</a> property comprises a building area of 390 sqm with the warehouse on 158 sqm and an 84sqm ground floor office. There is also an 88 sqm approved load bearing mezzanine storage area.
The unit has its own amenities and kitchenette. 
The property is close to M1 motorway, Logan and Kingston Roads.
The listing agents are Raine &amp; Horne’s Andrew Honeybone and Brent Robson.
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Warehouse on sale in Queensland's Logan City via Raine & Horne

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The Colombian Hotel on Sydney's Oxford Street has been listed for sale through Andrew Jolliffe and Joel Fisher of Ray White Hotels Australia in conjunction with Gerry Quinlan of Manenti Quinlan &amp; Associates.
The three level former Westpac Bank building is on the Corner of Oxford and Crown Streets, Darlinghurst. It has been listed by hotelier David McHugh with $20 million hopes.
Co-agent and Gerry Quinlan said the property has consistent and reliable annual revenue as well as 30 high performing poker machines, will attract strong interest from a broad range of hotel and property investors.
“It is a unique property that attracts strong patronage across a range of operating time frames, as well as enjoying formidable revenue from gaming operations; consistently ranked highly in the State’s Top 200 gaming venues quarterly” he said.
“We have seen a resurgence in commercial property values in Oxford St after a period of suppression given development in other areas, however what is clear to astute investors is that the various infrastructure investment strategies being deployed at both State and Federal level will have a significant impact on the value of commercial property in the Oxford St precinct."
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Oxford Street's Colombian Hotel listed

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Oonoonba Hotel – a popular pub in Townsville -- has been listed for sale and is expected to attract investors looking for a slice of Queensland’s hospitality industry.
Located in the CBD area, the hotel at 78 Abbot Street comprises a beer garden, a TAB and gaming area, lounge bar and bistro, and eight motel units.
It is being sold through an expressions of interest campaign managed by CBRE Hotels’ Paul Fraser and Glenn Price along with Power Jeffrey &amp; Co’s Peter Power and Andy Nason.
Fraser said the sale would capitalise on the strength of Townsville’s economy.
“Townsville is positioned for major economic growth over the coming years, with more infrastructure projects mooted than in any other regional Queensland city," Fraser said.
Projects slated for Townsville include a new port, a multimillion-dollar airport upgrade and the $250 million Townsville Stadium.
“Ideally the hotel would suit a hands on owner-operator or smaller hotel group. Its practical layout provides for efficiencies in staffing and overall ease of operation," said Power.
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