Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

Joel Robinson

The Maybelle brings 27-storey parkside tower to market near North Strathfield

Melbourne developer <a href="https://www.apartments.com.au/developers/pdg-corporation">PDG</a> has unveiled its vision for the former Water Tank Site in Ivanhoe, which would see it transformed into a thriving residential neighbourhood, complete with a 2000 sqm public park.&nbsp;

Delivered in partnership with <a href="https://www.apartments.com.au/developers/development-victoria">Development Victoria</a>, the proposal would transform the prominent corner of Bell Street and Upper Heidelberg Road into a connected community comprising two residential buildings, generous public open space and shared amenities.&nbsp;

The vision includes 287 one, two and three-bedroom apartments, with a minimum of 10 per cent allocated to affordable housing, alongside a 2,000-square-metre publicly accessible park featuring a children's playground, activity lawn, indigenous planting, timber climbing logs, seating areas and a rock gathering circle.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, the proposal draws on the site's industrial heritage, using a robust architectural language that references the former water tank through expressive structural elements and durable, self-finished materials.&nbsp;

Extensive landscaping has been woven throughout the development, creating a living landscape that strengthens connections to nature while responding sensitively to the surrounding neighbourhood. Two residential buildings ranging from three to 12 storeys are linked by a landscaped forecourt, creating a welcoming arrival experience and improving pedestrian connections through the site.&nbsp;

Residents would also enjoy more than 1,000 square metres of communal open space, including barbecue and dining facilities, vegetable gardens, landscaped seating pavilions and a dedicated coworking space.&nbsp;

PDG Founder and Managing Director Vince Giuliano said the vision reflected an opportunity to transform one of Ivanhoe's most recognisable sites into a place that balanced housing, community and landscape.&nbsp;

"This is an opportunity to reimagine an important site and create a neighbourhood that delivers lasting benefits for Ivanhoe," Giuliano said.&nbsp;

"We're creating much more than new homes. The vision brings together affordable housing, quality architecture, meaningful public open space and shared places that encourage people to connect, while respecting the site's history and its place within the local community."&nbsp;

Development Victoria’s Executive General Manager Precincts, Niall Cunningham, said the application is an important step for the government-owned site.&nbsp;

“This is about delivering more homes in a well-connected location, along with public open space that the Ivanhoe community will benefit from for years to come,” Cunningham said.&nbsp;

PDG was selected as development partner in late 2025 following a competitive tender process.&nbsp;

A planning submission for the project is currently being progressed through the Victorian Government's Development Facilitation Program, with positive early engagement from both Banyule Council and the Department of Transport and Planning.

PDG unveils plans to transform landmark Ivanhoe Water Tank Site

Shane Wilkinson's <a href="https://www.apartments.com.au/developers/pace-development-group">Pace Development Group</a> has lodged plans for a major residential precinct on the former Presentation College site in Windsor, with an eight-building masterplan ultimately rising to 10 storeys.

The proposal at <a href="https://www.apartments.com.au/new-apartments/167-dandenong-road-windsor-vic-3181">167–187 Dandenong Road</a> spans a substantial 19,027 sqm site and is being progressed across six stages, with the first residential stages comprising 170 homes across four buildings designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>.

Stage Two will deliver the bulk of the initial housing, with Building A comprising 81 apartments and Building B 49 apartments, both rising to six storeys.

Stage Three will deliver a further 40 homes. The heritage Nagel Building, identified as Building C, will be converted to 12 dwellings, while a new five-storey Building D will comprise 28 apartments at the Hornby Street and Dandenong Road corner.

The 170 homes across Stages Two and Three will include a mix of one, two and three-bedroom apartments, including townhouse-style dwellings.<img alt="First look: Pace plans landscaped housing precinct on former Windsor school site" data-entity-type="file" data-entity-uuid="83c56e3e-dfb9-4e12-b172-c3f18513ec32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_9.png?VersionId=xRcRpSZsxX.UX_NDDGcRZktw7HVrzx7u" />

&nbsp;

The longer-term masterplan points to considerably greater density across the site.

Indicative plans show Building E accommodating around 80 dwellings across up to 10 storeys, while Building F is earmarked for around 120 dwellings and also up to 10 storeys. Building G is planned to range between four and 10 storeys, however its apartment yield is yet to be determined. That means the masterplan currently identifies at least 370 dwellings across Buildings A to F before any apartments within Building G are counted.

Across the 1.9-hectare site, that represents an indicative density of at least 194 dwellings per hectare, with the final figure to increase once the yield of Building G is established.

Pace is pursuing the project through the Victorian Government's Development Facilitation Program, with Urbis lodging a combined Section 96A planning scheme amendment and planning application on behalf of the developer, which secured the site earlier this year.

The application seeks detailed approval for Stages One, Two and Three, alongside approval of the broader masterplan framework that will guide the later residential stages. Stage One will see an existing heritage building adaptively reused for a wellness and fitness-related facility, while the broader precinct will retain several significant heritage buildings and established trees as part of the redevelopment.

A minimum 10 per cent affordable housing contribution is proposed across both the initial residential stages and the later masterplan stages, delivered through a discounted rental model.

The project comes immediately after a major change to the site's planning controls.

The site was rezoned to the Housing Choice and Transport Zone through Planning Scheme Amendment GC285, gazetted on July 22, 2026, and now sits within the inner catchment of the Windsor Station precinct under the State Government's Train and Tram Zone Activity Centres Program.

While the new controls identify large sites within the inner catchment for buildings of up to six storeys, Pace's masterplan pushes height to 10 storeys in parts of the site, with the taller buildings concentrated toward the centre and along the Sandringham railway corridor.

Lower-scale built form is proposed toward the site's more sensitive residential and heritage edges, with Buildings A and B generally stepping from three storeys at their interfaces to six storeys at upper levels.

Cera Stribley's masterplan breaks the development into a collection of separate buildings rather than a continuous built form, with landscaped spaces, new pedestrian links and a new publicly accessible road forming part of the precinct.

The planning report says the development will create new pedestrian connections to Elm Place and along the railway corridor, as well as a new publicly accessible road linking Elm Place with Dandenong Road. The proposed buildings will occupy around 54 per cent of the site, leaving a substantial portion available for landscaping, communal areas and permeable surfaces.

Urbis said the scale of the project reflected the site's strategic location close to Windsor Station, tram services and the Chapel Street Activity Centre, with the former school campus identified as a significant opportunity to increase housing supply on an underutilised inner-Melbourne site.

&nbsp;

First look: Pace plans landscaped housing precinct on former Windsor school site

<a href="https://www.apartments.com.au/developers/jl-place">JL PLACE</a>'s Veil Brighton is approaching its final months of construction, with the nine-townhouse development at 17 Rooding Street expected to complete in December 2026.

The milestone is bringing the boutique project closer to becoming a finished part of the <a href="https://www.apartments.com.au/developments/brighton-vic-3186">Brighton</a> streetscape, with much of Brighton's everyday amenity within a short walk.

Palace Cinema, Coles Supermarket and North Brighton Station are all around five minutes on foot from <a href="https://www.apartments.com.au/new-townhouses/veil-brighton-17-rooding-street-brighton-vic-3186">Veil</a>, alongside numerous cafés, restaurants and bars. The station provides a direct rail connection toward Melbourne's CBD, while Bay Street and the wider Brighton retail and dining network add to the range of services accessible without relying on a car for every trip.

"The location was fundamental to the project. Brighton is an established suburb where many buyers already have strong connections to the area and want to remain close to the people, places and amenities that form part of their everyday life," the developer said.

"Veil sits in a highly walkable part of Brighton, with a Walk Score of 90/100."

For buyers looking to right-size within Bayside, that level of walkability adds to the appeal of a more manageable way of living. Everyday shopping, dining, entertainment and public transport can be accessed without relying on the car for every trip, while residents remain connected to the places and routines that make Brighton familiar. It allows buyers to simplify day-to-day life without giving up the convenience, amenity and connections they already value.

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As completion approaches, the architecture, landscaping and material palette are progressively becoming visible on site, giving prospective purchasers a clearer view of the finished development beyond its plans and renders.

Veil comprises nine townhouses, predominantly three-bedroom homes with between 2.5 and 3.5 bathrooms, two car spaces and, depending on the residence, study areas and private outdoor space. Selected homes include a bedroom on the ground floor.

Veil occupies a middle ground between detached housing and apartment living, retaining private gardens, storage and secure parking within a more manageable residential format.

<a href="https://www.apartments.com.au/architects/schmidt-pang-architects">Schmidt &amp; Pang</a> designed the architecture around natural light, ventilation, privacy and practical use of space. From Rooding Street, the façade has been composed to read as a cohesive residential building rather than nine individual townhouses, with landscaping by <a href="https://www.apartments.com.au/landscape-architect/john-patrick-landscape-architects">John Patrick Landscape Architects</a> integrated throughout the site.

Inside, natural stone, oak flooring, integrated joinery and brushed nickel finishes establish a restrained material palette, while kitchens include Miele appliances and substantial storage such as pantries. Walk-in robes and dedicated study spaces have also been incorporated across the collection.

[smartcode_project:default project_id=7877 project_image_fid=355852]

The project team said the planning of the homes has been informed by how the spaces function for both daily routines and larger gatherings.

"Our new homes owners at Veil have enjoyed the attention to detail in creating efficient layouts that use every space well. Hosting Christmas lunch and large family gatherings is an ease when care is taken to consider how people really live and entertain."

Private landscaped gardens extend the living spaces outdoors, while secure basement parking and bicycle parking are provided below. The homes have also been designed to achieve a 7-star energy rating, supported by double glazing, high-quality insulation, natural ventilation, LED lighting, water tanks and water-efficient fittings. Each residence is backed by a 10-year building guarantee.

Veil is being built by <a href="https://www.apartments.com.au/builders/jeniton">Jeniton</a>.&nbsp;Limited-time stamp duty savings are also currently available on selected purchases at Veil, adding another consideration as the project moves toward completion.

[smartcode_project_cta:default project_id=7877]

Veil Brighton nears completion in one of the suburb's most walkable pockets

<a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a> has recorded 134 sales worth just over $400 million in two months of pre-release activity at The Riversdale, as the developer brings its $750 million South Brisbane riverfront project to the broader market.

The sales represent more than 60 per cent of the project's 213 apartments, with Mosaic reporting the majority of purchasers have been local owner-occupiers and downsizers.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale</a> will rise 39 storeys from its north-facing site at 91 Montague Road, delivering a mix of two, three and four-bedroom apartments alongside a collection of Mosaic's premium Masterpiece Series Sky Homes.

[smartcode_project:default project_id=151614 project_image_fid=371872]

The early buyer response comes ahead of the wider evolution of the northern end of Montague Road, where The Riversdale will be one of the first major residential projects delivered within an emerging riverfront precinct.

Directly adjoining the development is a planned 7.1-hectare mixed-use precinct, set to introduce new residences, parkland and public realm along the river's edge. The Riversdale's position directly on the Brisbane River gives it a relationship with the waterfront that Mosaic says cannot be replicated by future buildings within the precinct.

The site is also the result of a years-long pursuit by Mosaic. The developer first earmarked the <a href="https://www.apartments.com.au/developments/south-brisbane-qld-4101">South Brisbane</a> property in 2018, reflecting what Founder and Managing Director Brook Monahan has described as a deliberately patient approach to acquiring development sites.

[smartcode_project:default project_id=151614 project_image_fid=372083]

"We aren't opportunistic," Monahan previously told Apartments.com.au.

"Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bureauproberts">Bureau Proberts</a>, The Riversdale has been shaped around the qualities of the riverfront site, with apartments oriented to capture northern light and uninterrupted Brisbane River views.

Generous floorplans and expansive balconies extend the living spaces towards the river, while natural materials and a restrained interior palette have been selected with longevity in mind.

[smartcode_project:default project_id=151614 project_image_fid=371890]

Residents will have access to a level of amenity more commonly associated with world-class hotels and private members' clubs, with almost 3,000 sqm dedicated to wellness, connection, recreation and everyday convenience.

At ground level is a business lounge, private meeting rooms and dedicated workspaces. Mid-tower is a wellness sanctuary featuring magnesium hot and cold plunge pools, sauna, steam room, infrared therapy facilities, a Pilates and yoga studio, and a commercial-grade gymnasium.

Crowning The Riversdale is a rooftop featuring a 35-metre swimming pool with lap lane and spa, outdoor dining and seating terraces, firepit lounges and views of the city, river and Mount Coot-tha.

A private members' club-inspired retreat offers private dining rooms, a whisky lounge, media rooms and immersive entertainment experiences. Completing the amenity offering are two hotel-style guest suites and a resident-exclusive electric vehicle fleet and car-share program.

[smartcode_project:default project_id=151614 project_image_fid=371877]

The Riversdale sits at the northern end of Montague Road between South Bank and West End, around 1.3 kilometres from the Brisbane CBD, providing access to the city's major cultural, dining and recreation precincts.

It becomes Mosaic's largest Brisbane project to date and adds to a pipeline already under construction across the city.

In Brisbane, the developer is currently delivering The Bedford and The Carter at Kangaroo Point, both of which are approaching sell-out, with a further four projects being delivered on the Gold Coast. Mosaic has completed more than $2 billion in projects since 2012 and has a further development pipeline exceeding $2 billion across South East Queensland.

Early works are underway at The Riversdale, which will be delivered by Mosaic's in-house construction division. Completion is anticipated in late 2029, with remaining apartments priced from $1.98 million.

[smartcode_project_cta:default project_id=151614]

Mosaic records more than $400m in two months at South Brisbane's The Riversdale

Gladstone

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While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
While the Gladstone market has been declining for the past four to five years, it all seemed to come to a head in 2016, according to HTW’s February 2017 update.
But the valuation firm says despite the years of negative publicity regarding the Gladstone market, the past few months have heralded many positives.
“We are no longer all doom and gloom and it is unlikely that values will drop any further,” the report says.
“Yes, it appears we have hit the bottom of the market!”
There have been significantly increased sales and leasing activity especially in the bottom end of the market and rental levels appear to have stabilised for most market sectors, the firms notes.
The affordability of property in the Gladstone region is the key driver at present with value levels at the lowest they have been in over a decade.
“We are seeing more and more transactions that represent very good value for money.
“Most established housing products are worth below replacement cost which has definitely been a factor in the increased activity.
“While this is good news for the established housing sector, the trend in new construction activity is still declining as in most cases it is cheaper to purchase an existing modern home than it is to buy land and build.”
But the firm warns that while Gladstone may be at the bottom of the market, it is likely to take a while for us to see any uplift in values.
“The Gladstone region vacancy rate still sits at approximately 8% indicating there is still an oversupply of product.
“The vacancy rate is slowly dropping however until it is at least halved, there is unlikely to be any pressure put on the rental market and rental levels.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-telina-124533194" target="_blank">59 Witney Street</a>, Telina (above) has been listed for $307,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-new+auckland-117979307" target="_blank">46 Cockatoo Drive</a>, New Auckland (below) has been reduced to $309,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/20/46%20Cockatoo%20Drive.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Gladstone finally at the bottom of the market: HTW

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The somewhat idyllic Turtle Island, one of nine freehold islands off Queensland, has always been on the purchasing radar of celebrities.
No less than Kim Kardashian and Kanye West were supposed keen buyers in 2014.
Actor Julia Roberts was the reputed underbidder on the island almost 20 years ago. 
Lesser lights like Dr Geoffrey Edelsten and former wife Brynne considered buying it a few years back.
It has been owned for the past few years by the lowkey Sydney actor Brendon Lunney who has recently secured its sale.
The $3.45 million buyer has emerged as a Singapore billionaire, according to the now lodged paperwork.
It is the same hotel magnate Koh Wee Meng who hit the headlines just a few months ago when he bought a 287 hectare Tasmanian island for $5.5 million.
Waterhouse Island is just 3 kilometres off Tasmania’s northeast coast, as the mutton bird flies.
Koh is 26th on the Singapore billionaire’s list, with a net worth of $US1.13 billion. 
Koh, the boss of the Fragrance chain of hotels, has been acquiring development sites in Australia, recently unveiling plans for an apartment skyscraper in Melbourne with a Beyoncé-inspired curvy shape.
On its sale, the Coldwell Banker island specialist Richard Vanhoff said then undisclosed buyer purchased the island for personal use. 
The new owner he said had plans to improve the two helipads and build a tennis court.
It was advertised as a tropical island getaway, or a developer's island with a four bedroom house, a swimming pool and pontoon.
It boasts views of the Gladstone harbour. There are 15 water tanks and two dams.
The island was developed by horse racing enthusiasts Bob and Sue Bentley who paid $300,000 in 1994 for the then dormant island.
Believed to have been used as a Chinese market garden in the early 1900s, from 1999 to its $2.1 million sale to Lunney, it was the getaway for Sutherland Shire property developer Steven Christofidellis, his wife, Marcia, and their kids.
The Bronte-based Lunney is an actor best known for his 1970s roles including Rush, I Can Jump Puddle and Division Four.
Hollywood stars who do own islands include Mel Gibson, who bought Mago Island in Fiji 2005.
This article first appeared in The Daily Telegraph.
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jchancellor-FAypfDUnLy

Billioniare buys Turtle Island off Gladstone, Queensland

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Gladstone market activity shows signs of increased sales activity leading to cheaper property prices, according to Herron Todd White’s latest monthly market report.
The property advisory firm says that values in Gladstone has not been this low in a decade.
"It really doesn’t matter which market sector you pick, most have had increased sales activity over the past couple of months and the main reason is that it is so cheap! Values in Gladstone have not been this low in over a decade," the report states.
The most active market sector is the sub $250,000 sector. Purchasers in this price bracket comprise mostly owner occupiers, many of whom are first home buyers.
One example would be a three bedroom home at <a href="https://www.realestate.com.au/property-house-qld-clinton-123663654">11 Hansen Crescent</a> that is for sale for $195,000.
This type of money will get you an older, modest 3-bedroom high or low set home.
The established suburbs of New Auckland, Clinton, South and West Gladstone are where most activity is occurring.
Another active sector is for modern 4-bedroom homes. There has been a new wave of sales for standard 4-bedroom, 2-bathroom homes in modern estates selling for sub $300,000 however most of the stock is priced above this.
Investors have also re-entered the market. There have been a number of 1980s and 1990s 2-bedroom townhouses sold in and around the central suburbs of South and West Gladstone.
The value level for this stock is mostly sub $100,000.
Property with the lowest amount of activity is and always has been the prestige market. Prestige dwellings are generally tightly held which of course is why there is limited activity.
"We are aware however of two prestige homes currently on the market which have garnered good interest according to selling agents," the report said.
Pricing and buyer feedback on these properties suggests that the prestige market has finally caught up with the rest of the market and is now at a more realistic pricing level.
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j.ballantyne1990-6AQqhLzZaK

Lowest property prices in a decade in Gladstone results in increased sales activity: HTW

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Any local will tell you that Gladstone has always been a boom and bust town, according to Herron Todd White.
Investment in the town soars when a new project begins as demonstrated over the past 50 years, the valuation firm advised.
"This is always followed by a bust during which the town re-gathers itself and gets back to normal.
"Presently we are in the fourth year of Gladstone’s latest downward cycle.
"Established housing has declined as much as 50% and units as much as 80% from values achieved in the peak of the market."
It advised in its September report the vacancy rate peaked in the first quarter of 2016 at just over 10% and has been steadily falling since.
"It may indicate we have seen the worst of this bust.
"Only time will tell," HTW advised.
The traditional property types in Gladstone have all been established on the back of major booms in the industrial sector, according to Herron Todd White's latest monthly market indicator.
The property advisory firm says that prior to the 1960s Gladstone remained a relatively small port city serving the local cattle industry.
In 1963 Queensland Alumina Refinery (QAL) was announced, beginning over a decade long boom during which Gladstone’s population doubled.
The first, second and third stages of the refinery were built along with the first stage of the Gladstone Power Station.
Most of Gladstone’s central suburbs including South and West Gladstone and Barney Point were well established.
Homes in these suburbs are popular in today’s market given their close proximity to the CBD and the varying views available from the low and high set style homes. These suburbs also offer good opportunities to renovate older style homes in central locations.
The entry level price point for homes in West Gladstone and South Gladstone is around $200,000 in the current market.
The early 1980s saw the next wave of industrial development with the commencement of the Boyne Aluminium Smelter. Much of the established parts of Boyne Island and adjoining Tannum Sands were developed during this time. Construction ranged between on ground and high set homes.
Price points for this style of housing in Boyne Island and Tannum Sands ranges between $300,000 and $350,000 in the current market. Gladstone suburbs such as Kin Kora, Sun Valley and parts of Clinton and New Auckland were also established during this time. Kin Kora and Sun Valley comprise mostly high set homes and are popular well established suburbs in today’s market. Prices in these suburbs range typically between $250,000 and $350,000.
In the 1990s the coal industry boomed giving Gladstone another boom in property prices and demand. New housing estates in Clinton, New Auckland, Glen Eden and Telina were developed comprising mostly 3-bedroom on ground brick houses. New Auckland and Clinton were further established in the early 2000s when Rio Tinto announced the Yarwun Alumina Refinery was to proceed.
The most recent construction boom (2010 to 2012) commenced when construction started on three LNG plants being built on Curtis Island off the coast of Gladstone.
This boom saw fringe suburbs including Glen Eden, New Auckland and Kirkwood being extensively developed with modern housing.
It noted a transformation also occurred in Gladstone City with multiple high rise apartment buildings going up in the CBD and extensive townhouse developments taking place in the suburbs. Over 1,000 units have been built in the past five years alone.
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Gladstone property values nearly 80 percent down from residential peak: HTW

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Keen fisherman will be interested in snapping up an island in picturesque Graham Creek.
Located at the north end of Gladstone Harbour, the island is one of the best fishing spots up and down the length of the east coast, according to marketing agent Anthony Williams.
The 13.7 hectare island is currently undeveloped, which will allow the buyer to stake a further personal claim.
The island is yet to be named, which will allow the buyer to stake a further personal claim.
The peak, sitting 35 metres above sea level, would be the ideal spot for a large residence.
“This may make it more palatable than another island, which is currently on the market for $4 million and has a private residence built in the early 90’s, for example,” Anthony said.
“The island listing is protected from any prevailing south-easterlies; and Graham Creek and Rawbelle Creek, the small estuary running around the Island's northern shore, are renowned by anglers for excellent fishing and table quality catches.
“It’s not surprising that we’ve had interest from buyers keen to develop fishing lodges or similar ventures.
"In fact, the seller, a US-based company, purchased the island in the 90’s for the purpose of building a company get-away.”
Anthony said the 30 to 40 minutes boat trip from the Gladstone Yacht Club was inside the Harbour and so protected from open sea conditions.
“The property is prime real estate for an ultimate personal getaway, a company retreat location or private reserve,” he said, “and it’s just waiting for a name and to fulfil someone’s dream.”
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Queensland island considered fisherman's paradise up for sale

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The Gladstone residential market - well known for its big boom and bust cycles - has now been falling for a longer period than it was increasing and the end is not really in sight, according to the valuation firm, Herron Todd White.
"A crystal ball would be a really handy object to have at the moment," HTW's latest report proferred.
It advised new job opportunities in Gladstone are very weak and without a major project on the horizon, the Gladstone economy is likely to remain subdued.
"These job losses have had and will continue to have a direct effect on the already oversupplied property market in the Gladstone region."
HTW said all market sectors continue to show declines in value.
"In order to reignite the local property market another major project would need to start construction.
"A number of smaller projects have been spoken about however nothing of substance seems to be on the horizon."
Over the course of 2016 major employers in the region (Rio Tinto, QAL, NRG) have enacted cost cutting measures through their businesses and cut hundreds of jobs. More recently Aurizon has announced that job cuts will take place in the Gladstone depot.
Adding to this, there are still approximately 2,000 local employees working for Bechtel on Curtis Island finalising construction on the LNG plants, most of whom will be without work within 12 months.
"New job opportunities in Gladstone are very weak and without a major project on the horizon, the Gladstone economy is likely to remain subdued.
"These job losses have had and will continue to have a direct effect on the already oversupplied property market in the Gladstone region."
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No end in sight for Gladstone house price fall: HTW

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In Queensland’s Gladstone, half-a-million can fetch you a well appointed, modern home with a pool or shed on an allotment above 800 square metres and located in an established suburb close to all urban amenities, say valuation firm Herron Todd White. 
Their July 2016 residential market report focuses on properties in the sub $500,000 sector.
Properties in the $500,000 to $600,000 price range are thinly traded in the current market, say HTW. 
“Alternatively you could purchase a couple of modern three-bedroom townhouses (roughly $250,000 each) or several older two-bedroom townhouses (sub $100,000 each),” say HTW.
Half a million is also considered near enough for entry-level rural residential property. This market sector has seen some more significant declines in 2015 after having held its value over the past couple of years.
In line with HTW's assessment, Property Observer found a four-bedroom house with a pool at <a href="https://www.realestate.com.au/property-house-qld-gladstone+central-122612414" target="_blank">3 William Street, Gladstone Central, Qld 4680</a> (above) for $330,000.
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Modern home with pool is what $500,000 can buy you in Queensland’s Gladstone: HTW

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Gladstone on Queensland’s Central Coast is set for a rise in investor and owner-occupier activity on the back of a three-fold expansion in its fledgling tourism sector, burgeoning port activities and real estate affordability, according to Raine &amp; Horne.
“Property values in Gladstone are presenting investors and owner occupiers with an opportune time to enter the market in a ‘destination location’ with outstanding potential,” said Mark Patton, principal of Raine &amp; Horne Gladstone.
“Gladstone is on the edge of the Southern Great Barrier Reef and more cruise ships are bringing additional tourism dollars and jobs to the port,” said Patton.
“The extra jobs will benefit the real estate sales market, and we expect to see the current median price of $375,000 to start to head north. There will be some rental pricing pressures too, which savvy investors have noted,” said Patton.
Tourism is a major growth sector in Gladstone with 17 cruise ships booked to dock in its deep water harbour in the next 18 months, according to Gladstone Area Promotion and Development Limited.
“The target is set to increase to around 50 per year in the next five years, with other cruise lines showing amazing interest in visiting our port,” said Darryl Branthwaite, chief executive officer, Gladstone Area Promotion and Development Limited.
“We have a deep-water port where people can walk straight off the boat without needing to tender in on smaller vessels as they do in destinations such as Airlie Beach, Hamilton Island and Cairns.
“There is massive opportunity for the tourism SMEs to evolve and expand with every ship bringing between 2,000 and 6,000 passengers to Gladstone along with between 700 and 2,000 crew.”
“We are at the tip of Southern Great Barrier Reef and being further south in the cooler waters, we have avoided the El Niño warmer currents, which have affected Far North Queensland and the northern reef.
“Scientists have now stated that the northern reef is recovering, the coral is spectacular, the beaches are white, the water is warm and crystal clear, and the fishing is awesome.”
The Gladstone region, which has a growing population of around 73,000, has been regularly written off as a one-trick economic pony by many experts who claim the town is too dependent on mining, according to Patton.
“This is just not true. It is Queensland’s largest multi-commodity port, which handles the export of more than 36 different commodities including coking and thermal coal, aluminum, bauxite, wood chip, cement, calcite, machinery, fuel, and even grain from the Banana Shire, to the Central Highlands,” he said.
“Additionally, Gladstone is home to a number of major industrial giants such as mining explosives specialist, Orica, and two of the world’s largest alumina plants, Queensland Alumina and Yarwun.”
Gladstone is the major Central Queensland fuel bunkering hub, and this service is set to expand, according to Branthwaite.
“There is interest from an oil refinery to be constructed in Gladstone, along with a bio fuels plant and a steel facility,” he said.
“The three LNG plants on Curtis Island, which cost more than $25 billion each to build, could expand especially with Arrow Energy buying up the British Gas (BG) share of QCLNG.
“Moreover, the shipping and tugboat work required with each of the LNG ships is very frequent and will provide hundreds of additional jobs,” said Branthwaite.
“The maintenance programs for each of these LNG plants also will start to have an effect on the Gladstone economy within the next two years.”
Branthwaite is predicting supply chain activities supporting the LNG plants will take up some of the commercial property vacancies left over from the heady days of the construction surge.
“Alternatively, suppliers to the LNG sector may even construct their own commercial premises,” he said.
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Gladstone real estate set to cruise on the back of tourism sector: Raine & Horne

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The city of Gladstone in Queensland was approaching the bottom of market cycle for houses for both April and May but it was one notch better for units, being at the declining market stage, according to valuation firm Herron Todd White's latest property clock.
The property clock is a simple broad brush means of suggesting where property prices are and what direction they are headed. 
Calliope is considered a fringe residential suburb in the current market, being located on the Bruce Highway, approximately 20 minutes from Gladstone. During the boom, Calliope expanded rapidly to help ease the accommodation demands on Gladstone. Unfortunately, as with Gladstone, development continued well past the peak of the market and supply in Calliope now heavily outweighs demand. Vacancy rates are high and this has forced rental and capital values down.
Most of the oversupply is of modern housing in new estates and there are also significant vacant land stocks available. New infrastructure is planned for the location with the local shopping centre undergoing an expansion to double the size of the IGA and provide more specialty stores. A new tavern is also planned. While this infrastructure will be good for the township, it is unlikely to curb the downward trend of values in the area. 
The median price of houses in Calliope was $377,000, according to CoreLogic RP Data. Property Observer looked up a few recent sales in the area on www.realestate.com.au:
1. A four-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-calliope-121201866" target="_blank">4 Elliot Drive Calliope Qld 4680</a> sold for $369,000.
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2. A three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-calliope-121839802" target="_blank">14 Trudy Avenue, Calliope, Qld 4680</a> sold for $335,000.
 
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Oversupply hurting property values in fringes of Queensland's Gladstone: HTW

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The Queensland city of Gladstone is at 'approaching the bottom of the market' position for houses for the third month in a row, according to valuation firm Herron Todd White's property clock for May 2016, a simple broad brush means to suggest where property markets are and what direction they're headed.
Gladstone first slipped into this position in March from being a declining market in February, according to the HTW clock.
<a href="/images/2016/05/06/Screen%20Shot%202016-05-06%20at%202.03.00%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/05/06/Screen%20Shot%202016-05-06%20at%202.03.00%20PM.png" alt="" width="1085" height="813">
 
The latest report from HTW also deals with heritage-listed property. There are no residential premises in Gladstone that are heritage listed. In saying this, suburbs closer to the city including Gladstone Central, West Gladstone and South Gladstone contain many older traditional Queenslander style homes. 
Many of these homes have been renovated to high standards and have some form of harbour or district view due to the hilly nature of central Gladstone. These types of homes are also generally on larger size allotments (typically around 1,000 square metres) which also adds to their appeal. Homes of this calibre are tightly held however can attract a fair level of interest when they become available, even in current market conditions.
Previously, HTW had said that Gladstone was not a large enough city to see different suburbs being subjected to gentrification. Most new development occurs in newer suburbs on the city fringe. In years gone by, parts of central suburbs such as South Gladstone and West Gladstone were popular with developers building townhouses on larger allotments closer to the city. Most of this redevelopment has ceased since the market peaked. 
On the commercial side, key areas in Gladstone that attract premium retail rentals are those located in prime positions along major transport routes and within modern centres anchored by a major supermarket. Despite weakened market conditions, these centres appear to be maintaining good occupancy levels with few vacancies. Retail tenancies that have been harder hit by local economic conditions are those within secondary locations, within an older style building, have poor access, have poor on site parking or have a combination of these. Within the Gladstone CBD, there are patches of these secondary tenancies generally within Goodoon Street, Tank Street and Toolooa Street. Demand for these tenancies has weakened significantly throughout the recent downturn, with increased vacancies and reduced rental levels.
For residential property, others in the approaching the bottom of market cycle for houses were Darwin, Alice Springs, Bundaberg, Emerald, Mackay and Rockhampton, the HTW clock shows. Bundaberg in Queensland was the new entrant here, improving from its bottom of market status.
The bottom of the market cycle was completed by Mt Gambier and Townsville.
The peak of market remained more or less the same for houses, with NSW Central Coast, Dubbo, Horsham and Newcastle maintaining their positions, while Coffs Harbour shifted to the starting to decline phase. 
 
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