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

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

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

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

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

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

<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

Logan City

Queensland is in the midst of an exciting period of growth and Logan City is well-positioned in the centre of this change.

The City of Logan is situated in a thriving growth corridor between Brisbane and the Gold Coast, with abundant amenities, good schools and a burgeoning health precinct. &nbsp;

More and more home buyers are purchasing their first property in Logan thanks to its fresh and contemporary residential neighbourhoods, new estates and bushland acreage.

The adjacent Griffith University Logan campus, Queensland TAFE and the $145 million Logan Hospital expansion provides the opportunity for Meadowbrook to evolve into a major health and educational hub.

Given its central geographic location in south-east Queensland and available young workforce, Logan is ideally placed for continued growth in the region and provides great opportunity for families and investors.

Urban takes a look at four homes to secure in Logan City from just $230,000.

1. Aquila Lodge, Eagleby 
Address: 10 Bishop Street, Eagleby QLD 4207 
One-bedroom townhome from $230,000

[smartcode_project:default project_id=29172]

Located near train stations, the Pacific Motorway and Logan Motorway, Aquila Lodge offers an 18-townhome development in the City of Logan&rsquo;s Eagleby.

Each residence features one bedroom, one bathroom and a single-car lock-up garage.

The 42sqm homes include stone benchtops, stainless-steel appliances and air-conditioning to present comfortable living to its residents.

2. Acacia Waters Estate, Eagleby 
Address: Fryar Road, Eagleby QLD 4207 
Two-bedroom apartments from $305,000

[smartcode_project:default project_id=29159]

Surrounded by gardens, walking paths and numerous amenities, Acacia Waters Estate presents nine contemporary designed buildings in Eagleby.

Residents who secure a home in the development will benefit from 24-hour on-site management, undulating lawns and ample visitor parking.

Other amenities include a swimming pool and barbeque pergolas, as well as essential amenities in close proximity, including parks, public transport and shops.

3. Clearwater Junction, Bethania 
Address: Clearwater Street, Bethania QLD 4205 
Three-bedroom townhomes from $335,000

[smartcode_project:default project_id=29171]

Clearwater Junction is an established townhouse complex located in the hidden away suburb of Bethania.

Located in a cul-de-sac street, the peaceful residential development is bordered by farmland and situated within walking distance to the train station and shops.

Three and four-bedroom townhomes are available at the project, with a mixture of designs and layouts, including both single and double storeys.

Amenities include a well-appointed gym, in-ground swimming pool, and picnic area.

4. Brookhaven, Bahrs Scrub 
Address: 33 Menora Road, Bahrs Scrub QLD 4207 
Four-bedroom townhome from $475,000

[smartcode_project:default project_id=28314]

Brookhaven is a new master-planned community in Logan City, balancing safety, amenity and liveability amongst picturesque natural surrounds.

Situated just 4.3-kilometres from Beenleigh Town Centre, Brookhaven is connected to Brisbane and the Gold Coast.

Developed by Frasers Property Australia, the homes are within a 5 Star Green Star rated community which includes up to 5km of multi-use trails promoting walking, running and bike riding.

The City of Logan is situated in a thriving growth corridor between Brisbane and the Gold Coast, with abundant amenities, good schools and a burgeoning health precinct

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Find out where in South-East Queensland you can buy a townhome from $230,000

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Madison Park is the latest house and land release in Park Ridge, the masterplanned community in Logan, in the booming South East Queensland growth corridor.
Local award-winning home builder Choice Homes <a href="https://www.choicehomes.com.au/estate/madison" target="_blank">are offering packages</a> starting from $419,400, with 36 of the 60 lots already snapped up.
The success comes off the back of the nearby Nevada Estate, also located in Park Ridge, which is <a href="/expert-insights/building/logans-masterplanned-community-nevada-park-ridge-nears-stage-one-sell-out">nearing its stage one sell out</a>.
Madison Park is pitched to growing families, with employment, education, shopping and medical facilities around the corner in the upgraded Park Ride town centre.
There's plenty of green spaces, with tree-lined streets and front lawns meeting pathways.
Lot sizes in Madison Park range anywhere from 350 square metres to over 1,000 square metres. 
Madison Park is a central piece in a 25-year development plan to create an urban hotspot in the Logan area.
As the area grows, up to 13,000 new jobs are expected to be created in the immediate area. It is located 30 minutes from Brisbane.
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Choice Homes launch new estate Madison Park in Logan region

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Nevada, part of the Park Ridge masterplanned community in the booming Logan growth corridor south of Brisbane, has seen its first stage of house and land packages nearly all snapped up.
In just over 20 years, Logan’s population is predicted to grow more than 50 per cent to around 548,000 residents, according to Logan Office of Economic Development.
Local award-winning builder Choice Homes are <a href="https://www.choicehomes.com.au/estate/nevada" target="_blank">offering home packages</a> starting from $427,220, with just four of the 42 lots remaining in stage one.
Their <a href="https://www.propertyobserver.com.au/https://www.choicehomes.com.au/house/5835389" target="_blank">biggest home is the Torino</a> (pictured top), which comprises four bedrooms, two living rooms and two bathrooms across its two levels.
The Winchester is <a href="https://www.propertyobserver.com.au/https://www.choicehomes.com.au/house/3874268" target="_blank">another four bedroom, two bath home</a> but spread across one level (below).
<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/2019/10/15/Winchester%20Choice%20Homes.jpg" alt="">
Choice Homes also offer two three bedroom home styles, <a href="https://www.propertyobserver.com.au/https://www.choicehomes.com.au/house/7191516" target="_blank">The Hindmarsh</a> and <a href="https://www.propertyobserver.com.au/https://www.choicehomes.com.au/house/7196968" target="_blank">The Ibis</a>.
Nevada is part of the wider 80-lot land development Park Ridge Estate, in the heart of the Park Ridge Master Planned area, a priority development zone.
<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/2019/10/15/Choice%20Homes%20Nevada%201.jpg" alt="">
There will be a Woolworths shopping centre nearby, as well as a second neighbourhood shopping centre and the Logan Reserve State School.
The estate is 10 minutes to Logan Highway.
Logan has seen heavy investment in recent years, with more than $18 billion of publicly funded projects underway to support the growing population.
Earlier this year, a $1.2 billion agreement, the largest of its type by any government in Australia, was signed by local authorities and private developers to build essential infrastructure in Logan’s Priority Development Areas Yarrabilba and Greater Flagstone.
 
 
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Logan's masterplanned community Nevada Park Ridge nears stage one sell out

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Brisbane had the nation's cheapest sale at weekend auctions.
It was when <a href="https://www.raywhite.com/qld/kingston/2177746/?lang=en" target="_blank">10 Woody Avenue </a>at Kingston, near Logan south of Brisbane, was sold at a big loss.
The neglected three bedroom home on 605 sqm fetched $226,000, nearly $90,000 less than the $315,000 it sold for four years ago.
It was 2015 when it was bought by Sydney investors who initially sought $460 a week tenants.
They were also paying less than it had traded for before. It had last sold at $335,000 in 2010.
Ray White Logan City agents Keny Guerra and Sam Muller pitched the home at first home buyers and renovators.
"Bring your tools and make this home shine again," they advised.
 
 
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Big loss on derelict Kingston, Logan City weekend auction offering

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A freestanding retail investment at 13-17 Main Street in Beenleigh has sold at public auction for $1,787,500.
The 1,391 square metre site was purchased by a Gold Coast-based private investor at the auction following a campaign by JLL’s Andrew Havig on behalf of a local family who had owned the asset since the 1980s.
There were over 40 enquires with multiple offers prior to auction.
The prominent freestanding retail strip of seven shops with 472 square metre of net lettable area, is underpinned by a long-term anchor in Suncorp Bank, who have just signed a new five-year lease through to July 2022.
The property also holds Jobs Australia, Advanced Property Management, Sharp Cuts for Men and Far East on Main as tenants and provides 25 on-grade car parking bays onsite. 
Situated in the Logan City Council Local Government Area (LGA), 13-17 Main Street is located at the midpoint of surrounding residential, commercial and industrial precincts in the rapidly growing suburb of Beenleigh.
It had extensive frontage and exposure to Main Street.
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Freestanding retail hub in Beenleigh sells for $1,787,500 at auction

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Median values for both vacant residential land as well as house and land packages in the Logan City Local Government Area (LGA) in South East Queensland continue to rise, says Ray White Commercial.
Ray White land marketing director, Jamie Martin, said the Logan City residential land market has been buoyant in the 12 months to March 2016.
Its median value for land reached a new high of $434 per sqm.
Mr Martin said sales rates reached their third highest level since 2008, while house and land packages surged 37.6 per cent from the previous year.
“The results for Logan have shown the strength of the land market,” Mr Martin said.
“While sales volumes have reduced, the continued uplift in median values are encouraging signs for the market.
“Development approval levels have reduced from the highs of 2015, however the stable registration levels underline the depth of the market.
Indicators such as reduction of lot sizes, and strong increases in house and land packages highlight the ongoing demand for housing in this location.”
Mr Martin said the Logan City LGA provides 9,910ha of land suitable for residential development, with potential to deliver up to 104,000 dwellings, representing an important growth corridor of South East Queensland with significant scope for future residential land development opportunities.
“This corridor accounts for 38.5 per cent of South East Queensland’s current developable land,” he said.
Mr Martin said despite the reduction in development approvals, the total number of residential land projects has remained steady.
“This year we have recorded 105 total projects with 13 larger projects with more than 50 lots, which is just behind last year’s result of 108 projects,” he said.
“Lot registration over this period has been stable which highlights the ongoing steady completions of lots in Logan.
Registered lots have recorded a median lot size of between 450 sqm to 534 sqm with the median for the year growing by 2.31 per cent.”
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Logan City's median land values on the rise

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Frasers Property Australia has released the first stage of its 1,350 lot masterplanned Brookhaven community in Logan City.
The first release at Brookhaven, to be known as Middle Ridge, will comprise 55 lots priced from $156,000 to $220,000 and ranging in size from 250sqm to 510sqm.
Street frontages of 10m to 17m will cater to a variety of home designs, sizes and configurations.
Brookhaven will take shape on a 135ha hinterland-fringed site at Bahrs Scrub, just south of the Beenleigh CBD and 5.4km from the M1 Motorway.
Pitched at growing families, the community will comprise detached housing lots, a 6,000sqm future retail centre, and a variety of parks and green spaces including a junior-sized cricket oval at the sales centre.
Cameron Leggatt at Frasers Property Australia, said the homes will be complemented by extensive green spaces and waterway corridors "that are essentially an extension of residents’ own backyards.” 
Frasers Property plans to start civil construction work onsite at the end of November this year for completion in May, meaning buyers can start building from June 2017.
<img src="/images/2016/10/28/Brookhaven.jpg" alt="">
Brookhaven has received a 5 Star Green Star Communities rating from the Green Building Council of Australia, which demonstrates Australian excellence in master planning in the areas of governance, livability, economic prosperity, environment and innovation.
Brookhaven was the third project in Queensland, and Frasers Property’s first Queensland project, to receive this rating.
For more information on the Brookhaven development, visit <a href="https://brookhavenliving.com.au" target="_blank">brookhavenliving.com.au</a>.
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Frasers Property launches Brookhaven at Bahrs Scrub

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An office building in Queensland’s Logan City with major tenant as the city council has sold for $3.85 million.
‘The Exchange’ at 106 City Road, Beenleigh was put up for sale via expressions of interest earlier this year. 
The deal was brokered by Tania Moore and Mark Witheriff of Knight Frank along with RM Realty.  
The seven-level office building is a “landmark asset” in the Beenleigh CBD, according to the property’s description.
Located on the eastern side of City Road, it is a short freeway-drive to Brisbane or the Gold Coast. 
The building has a net passing income $290,136 pa. 
The net lettable area is 1,695 sqm.
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