Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Joel Robinson

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens, rooftop open space and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Ceerose, founded by Edward Doueihi in 1998, has become one of Sydney's more active apartment developers, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Paddington

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Celebrity agent John Fordham and wife Veronica are selling their longtime Paddington investment property.
The Woollahra-based couple founded the talent agency The Fordham Company, which is run by their son, Nick.
They paid $730,000 for the 1890s classic weatherboard cottage in 2002.
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Ballard Property agents Sam Towndrow and Clint Ballard have a July 10 auction for the home that has been a near $800 a week rental.
The double-fronted home on 170 square metres has two bedrooms, including a private master retreat occupying the entire second level, complete with its own sitting room and ensuite.
There's an internal courtyard and a private walled north-facing courtyard that opens from the granite kitchen and adjoining study area.
The Fordham's founded The Fordham Company in 1988. 
This article was first published in the Saturday Daily Telegraph.
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Celebrity agent John Fordham lists Paddington cottage

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A William Street, Paddington terrace owned by Christine Tourgelis, the family matriarch of Paddington's famous independent gift and homewares retailer Opus Design, has hit the market.
Tourgelis, who with her husband Tass bought the original Opus Store in 1978 on Oxford Street, spent $590,000 on the 1890s terrace back in 2000.
Since then <a href="https://www.realcommercial.com.au/property-retail-nsw-paddington-503226130" target="_blank">15 William Street</a> has been home to a number of retailers, but never Opus.
It is currently occupied by Wil Valor tailors and G&amp;L Handmade Shoes.
The two level property has two bedrooms upstairs.
There's a private courtyard with rear lane access on the 80 square metre parcel.
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It sits next door to fashion designer Sonya Hopkins' luxury knitwear store.
Richard Movsessian at Coastline Agency Maroubra suggests the building is ideal as a residence, gallery or designer boutique to live and work from.
Opus was founded by Christine and Tass in 1968, 10 years before they bought their first store on Oxford Street.
Four years ago they moved to a bigger 500 square metre space on Oxford Street which they converted from an old bank.
They dedicated a second level to furniture, art and soft furnishings.
They also have a sister store, OCTOPUS, on Newtown's King Street, which they opened in 2002.
The family ran business has is currently being run by Chris Tourgelis, Christine and Tass's son.
Their daughter Irene has also worked at Opus for over 15 years.
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jrobinson-rf4aSBido9

Opus Design founders list William Street, Paddington terrace

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Brisbane Bronco's captain Darius Boyd has bought his new property project with wife Kayla.
He's spent $1,205,000 on an original 1930s cottage on 605 sqm in the affluent Paddington, a stones throw from Suncorp.
Boyd snapped up the property just a week into its marketing.
The two level property, which had been used for dual living, has five bedrooms in total, a large upstairs deck and a rear backyard.
Place Paddington selling agent Andrew Degn said the home oozed with potential.
Boyd, whose Broncos sit outside of the top eight, is still waiting for a buyer for the <a href="/news/brisbane-bronco-darius-boyd-lists-hendra-home">Graya Constructions built home in Hendra</a> which was most recently marketed at $1.99 million.
Boyd's Tungan, Gold Coast investment townhouse <a href="/news/brisbane-bronco-darius-boyd-lists-gold-coast-investment-townhouse">has quickly gone under offer</a> after having $475,000 hopes. He paid $427,000 in 2009.
 
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Brisbane Broncos captain Darius Boyd buys next house project

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Paddington is well regarded as a result of it being a well-preserved conservation area for Victorian architecture which is in demand and a lack of supply, according to a recent Herron Todd White (HTW) residential report.
The valuation firm took a look at the way to a blue-chip address at an affordable price across the nation.  
It suggests close proximity to quality schools, the CBD and Bondi Junction only broadens the appeal of Paddington. 
The median house price in Paddington for 2018 was $2.31 million, with the median unit price coming in at $915,000, according to CoreLogic data. 
A recent sale at just under the median price was 32 Napier Street (pictured in title) which sold in January for $2.13 million. The property is a renovated Victorian terrace with three bedrooms, two bathrooms and rear single carport on a 158 square metre lot.
At the unit median price, 1/56 Ormond Street, an updated, 68 square metre, two-bedroom, one-bathroom Art Deco unit with no parking, sold in January for $915,000.
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"Looking at cheaper or entry level options, units provide the best option," says the HTW valuer. 
 An original 1970s, 43 square metre, one-bedroom, one-bathroom unit at 206/176 Glenmore Road (pictured below) sold in January for $617,500. The unit did have a car space although you are compromising on size, condition and the period appeal that other properties in the area provide.
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Another example is that of 29/8 Bennetts Grove Avenue (pictured below) which sold for $880,000 in February. It is a split-level two-bedroom, one-bathroom unit with a nice outlook and parking. Surprisingly, it’s in liveable condition, although ideally you would want to update.
"With this unit you are again forgoing the period appeal and size for a two-bedroom unit, with the living area around 60 square metres," says the valuer.
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"Are the compromises worth it? Absolutely, if you want to be in the heart of the action. You’re buying into a premium and highly liveable suburb for well under a million dollars, with the added bonus of a parking space. Even a basic renovation would greatly increase the appeal of these units." 
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The report notes when it comes to units, the quality of the complex makes a big difference. Unit blocks of owner- occupiers are typically more well maintained and have facilities such as pools, gyms, visitor parking and concierge. Often period blocks with a high number of owner-occupiers are well preserved, further enhancing their value.
"The dwelling market within the inner city is largely dominated by owner-occupiers, however some investor activity does occur. Those properties targeted by investors tend to be on smaller parcels of land and often forgo parking. If they are terrace properties they commonly have a narrower frontage.
"As one would expect, investors target lower maintenance, higher yielding properties, often leaving out extras such as common amenities, larger yard, parking or updates to improve their overall return on investment."
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j.ballantyne1990-6AQqhLzZaK

Complex quality is significant factor for Paddington investment's: HTW residential

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An architect designed Paddington home of a Eileen Jones, a former speech writer for two Queensland Governors, Eileen Jones has hit the market in Brisbane. 
Judi O'Dea and Michael Klemeyer of Ray White Paddington have the listing. 
The house at 128 Enoggera Terrace has been offered on the market for the first time in 33 years. 
“My husband and I bought the land in 1986, we built the house and moved in, in 1988. 
“It was very convenient for me, being close to Government House,” Ms Jones said.
Being a top speech writer for more than seven years, her first speeches were for Sir Walter Campbell AC, QC who had been previously been the Chief Justice in Queensland, before becoming the Governor in 1985. 
Set on a 1,108sqm block with 21m frontage, the two storey home comes with large open plan living areas, gourmet kitchen, and L-shaped rear deck.
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The upstairs comprises of separate dining room, family room, formal lounge,  study, power room and master suite. 
Downstairs contains the second living area, three additional bedrooms, second rear deck and 3-car lock up garage with remote-controlled driveway gate.
“It’s perfect for someone who loves to garden,” says Eileen Jones.
<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/2019/6/11/paddo%204.jpg" alt="">
Other highlights of the home include high ceilings, red cedar lined barrel arch, and city views that extend to the Border Ranges in the South. 
It is close to the Paddington Central Shops, cafes, restaurants, and with easy access to transport. 
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Former Government speech writer's home listed 

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The former Paddington home of INXS frontman Michael Hutchence has been put up for rent by its new landlord. 
It was recently sold at $1.72 million ahead of its March auction.
It was owned by Hutchence for a decade until 1995.
Hutchence moved into the two-bedder at 6 Wentworth Street, soon after his purchase, with his girlfriend Michelle Bennett, the star’s first love ... and who he called just before he died in 1997.
The couple lived there together for a period, during which “Michael started to collect some possessions — furniture, paintings," according to the book, Just A Man, The Real Michael Hutchence, by his sister, Tina Hutchence, and late mother, Patricia Glassop.
The cottage has been put up for rent at $1150 a week, down slightly on its $1195 asking rental of two years ago.
It was recently sold at $1.72 million to investor Emily Joseph by Belle agent Zach Carter ahead of its March auction.
The terrace was unsuccessful when listed last year with $2 million hopes with another agent, then relisted with $1.7 million hopes earlier this year.
It’s just the second time it has been up for grabs since Hutchence sold it in 1995, two years before his 1997 death.
Hutchence paid $105,500 in 1985, around the time the record label WEA released Dekadance as a limited edition cassette only EP of six tracks including remixes from the album, The Swing.
Hutchence had previously resided at an apartment block on Kirketon Road, Darlinghurst.
The 1890s semi was sold by Hutchence for $285,500 in 1995, after which it became a $330 a week rental through Farquharsons.
It next sold for $475,000 in 2000, the last time it traded until this year.
The quintessential cottage on a 141 square metre block with fresh all-white interiors has two bedrooms on Wentworth Street.
Carter had suggested its rental return was in the vicinity of $1,100 to $1,200 per week.
The leasing agent Luke Overs said the place had "feel-good vibes".
This article first appeared in The Daily Telegraph. 
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Former home of INXS frontman Michael Hutchence listed as rental

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Businessman Basil Mcilhagga, the Hong Kong-based CEO of mining giant Stibium Group, pulled his long-held Paddington home from its recent auction.
It came with $5.5 million hopes, and a $6 million asking price in the days after the scheduled pre-Easter auction.
Mcilhagga's first purchase was a 300 square metre landholding which had a three bedroom terrace. He paid $540,000 back in 1992.
Seven years later he paid $360,000 for the 120 square metre next door.
Now the <a href="https://www.realestate.com.au/property-house-nsw-paddington-130744770" target="_blank">Caledonia Street property</a> comprises a main house and an adjoining cottage.
The main residence has three bedrooms, two marble bathrooms and an entertainers' terrace with swimming pool.
The cottage has two bedrooms.
Bradfield Cleary agents Bob Guth and Georgie Cleary have the listing.
Another multi-lot Caledonia Street offering from cosmetic surgeon Alia Nasser and her dentist husband Nasser Elhage fetched $7.7 million last weekend, having had $7.5 million hopes through Ben Collier at The Agency.
The couple bought the 450-square-metre property with a central courtyard and swimming pool for $4,779,000 million in 2013, plus a car space across the road with a one bedroom unit.
It comprised three dwellings on three titles.
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Miner Basil Mcilhagga puts $6 million asking price on Paddington home

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Architect-turned-magazine publisher Marcello Grand has sold his Victorian ­Paddington terrace that he attempted to flip late last December when the auction attracted no bids.
The transformed terrace was ­relisted for auction last month, selling last week at an undisclosed price, but understood to be around $2.38 million.
This time its new listing agent Catherine Dixon at Phillips Pantzer Donnelley offered $2.6 million price guidance.
Grand, who established Studio Magazines in the 1980s, paid $2,215,000 in April two years ago.
He spent months reconfiguring the three levels, and added a bathroom.
The council was advised the costings were $150,000.
Set behind a yellow front door, the Underwood Street home still has three bedrooms.
This article was first published in the Sunday Telegraph.
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Studio Magazines founder Marcello Grand sells Paddington terrace

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Sydney architecture firm Bates Smart director Brenton Smith has upsized in the inner city.
Having flipped his Woollahra unit for $2.8 million after a designer makeover, he’s spent $2.9 million on a modernised 1890s terrace in Paddington.
The Paddington Street home with a Euro-inspired renovation featuring sandstone elements has three bedrooms, a rooftop terrace and a private courtyard on 145 square metres.
BresicWhitney sold the home.
It’s a return to Paddington for Smith, who moved from an 1890s terrace to take on the Woollahra project in the 1930s Art Deco building Gainsborough in 2016.
This article first appeared in the Sunday Telegraph.
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Bates Smart director Brenton Smith upsizes to Paddington 

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Dentist Nasser El Hage and his cosmetic surgeon wife Dr Alia Nasser had their Paddington property passed in at yesterday’s onsite auction, but it sold soon after at an undisclosed price, reportedly $7.7 million.
The Caledonia Street holding (above and below) cost $4,779,000 in 2013, along with a further outlay for a one bedroom with car spot across the street.
<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/2019/4/8/Cal1.jpg" alt="">
The couple had just sold their futuristic Renaldo Gaiety-designed home in Sans Souci for a then suburb record of $3,025,000.
The Agency’s Ben Collier saw only the one bid of $7.625 million secured by the struggling auctioneer who sought shade from sun under the glorious olive tree in the private courtyard on the 450sqm property.
<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/2019/4/8/CAL3.jpg" alt="">
A nearby offering is being auctioned next week by Basil Mcilhagga, the Hong Kong-based CEO of gold miner Stibium, who has $5.5 million hopes through BradfieldCleary agents Bob Guth and Georgie Cleary.
Mcilhagga’s initial purchase was a 300sqm corner terrace costing $540,000 in 1992, then adding next door for $360,000 in 1999.
This article was first published in the Sunday Telegraph. 
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