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.

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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.

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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.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<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" />

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.

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 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.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, 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

Port Douglas

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The Port Douglas, Far North Queensland family estate of the Sydney-based Smith property developer family is up for sale.
It comprises The Bali House, Plantation and Meryula.
There is a $10.95 million asking price through Queensland Sotheby's agent Barbara Wolveridge.
The compound, FIRB approved for international buyers, sits in the Sheraton Mirage resort, the development of Christopher Skase's Qintex Group.
<a href="https://www.realestate.com.au/property-house-qld-port+douglas-127947022" target="_blank">The Bali House</a> was the first to be built in the resort. 
The 16 bedroom offering comes with three heated pools on the amalgamated 4,265 square metres of beachfront land, which has access to Four Mile Beach. 
Another home in the Mirage Resort, Villa 101, has hit the market through The Pink Agency's Callum Jones.
Jones is asking $2.1 million for the four bedroom absolute beachfront.
The owners were provided the very first pick of all premium villas by Skase and they have owned this magnificent villa ever since construction, some 30 years ago.
This article was first published in The Weekend Australian.
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Sheraton Mirage compound listed at $10.95 million 

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Oceans Edge, one of only a handful of absolute beachfront properties along Oak Beach in North Queensland, has hit the market with $2.2 million hopes.
Fronting the 1.5 kilometre stretch of coconut palm fringed beach, Oceans Edge is a contemporary beachfront just south of Port Douglas.
The elevated living space and the wet edge salt water swimming pool frame the ocean views through the palms.
<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/2018/3/28/oak3.jpg" alt="">
The <a href="https://www.realestate.com.au/property-house-qld-oak+beach-127483350" target="_blank">two storey Oak Street beach retreat</a> has three ensuited bedrooms.
The master retreat on the first floor has ocean views and a large marble ensuite with full size luxury bath.
Mark Flinn at Ray White Port Douglas, who is handling the marketing, notes its been a strong 250 night a year holiday rental.
<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/2018/3/28/oak1.jpg" alt="">
The Oak Beach record has stood since 2005. It was when Cottonwood, the tropical acreage of the New Zealand-based Lucas family, sold for $3.25 million.
The beachfront acreage is currently listed at $6.5 million through LJ Hooker agent Michael Samson, having been remodelled in 2010.
The highest sale in the interim was when another Oak Street beachfront, a few doors down from Oceans Edge, fetched $1,905,000 late last year.
This article was first published in the Weekend Australian. 
 
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Oceans Edge near Port Douglas for sale

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Queensland Sotheby's International Realty has appointed Barbara Wolveridge, considered of Queensland’s most respected real estate agents. 
Wolveridge has been appointed to the position of director of Queensland Sotheby’s International Realty – Tropical North Queensland, based out of a new Port Douglas office.
“I am honoured to be bringing the reputable luxury brand of Sotheby’s International Realty to Port Douglas and its surrounds,” Wolveridge said.
“Sotheby’s International Realty’s global reach of 930 offices, combined with my team’s comprehensive local knowledge, means we can now truly represent sellers and buyers in ways never before seen in this area. 
“It places the region on the world stage again, which is so important.” 
Since entering the real estate industry in 1984, Wolveridge has had enormous success managing the transactions of million-dollar properties. 
Queensland Sotheby’s International Realty CEO Paul Arthur said the joining of Barbara Wolveridge was very welcomed. 
“Barbara is arguably one of the highest profile agents in the region with a rich real estate history and a track record of significant sales,” Mr Arthur said. 
“We feel Barbara’s expertise, integrity and impeccable reputation is the perfect fit for Queensland Sotheby’s International Realty and the remarkable real estate experience we are renowned for delivering.”
The launch of the Port Douglas office will be Queensland Sotheby’s International Realty’s fourth office opening in 12 months, in addition to the creation of a rapidly expanding Projects and Developments division.
Queensland Sotheby’s International Realty is already an established presence in North Queensland following its association with the notable sales of Mandalay House and Tanamera. 
“Many of the property owners in the region are existing Sotheby’s International Realty clients, so it made logical sense for us to open an office in Port Douglas and support them with their varied needs,” Mr Arthur said. 
“The Tropical North Queensland office’s region will extend from Port Douglas to Mission Beach, and west to include the Atherton Tablelands so it’s quite a significant footprint.
“We’re excited by the market as a whole and we’re buoyed by the level of recent investment in the area.”
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Sotheby's appoints Barbara Wolveridge as director in Tropical North Queensland 

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Crystalbrook Collection have bought The Reef Marina in Port Douglas and have announced its intention to invest more than $100 million into the marina.
Now to be known as Crystalbrook Superyacht Marina, it sits at the gateway to the Great Barrier Reef and is Queensland’s northernmost marina.
Crystalbrook Collection owner Ghassan Aboud said the group believes they can redefine the Australian marina experience and ensure Port Douglas is an essential-visit location for high-end global travellers.
The expansion of the Marina will include an additional 24 berths to the existing 132 berths welcoming superyachts of up to 50 metres in length.
Central to the expansion is the creation of a world-class hotel.
Crystalbrook Collection CEO Mark Davie suggests the site demands a hotel of the highest calibre.
“We have been travelling the world for inspiration," he said.
"We want to bring to Port Douglas a globally recognized hotel and an incomparable experience for its guests.”
Construction of the luxury hotel and residences is expected to commence in mid-2018, subject to Government approvals, with completion anticipated in 2020.
Douglas Shire Mayor Julia Leu said she was excited to see investment coming to the region.
The work is expected to generate more than 600 jobs during construction and around 240 permanent jobs post completion. Prime Group has been appointed to project manage and construct the expansion.
This will be the fourth development in Queensland for Crystalbrook Collection, which already has three hotels in Cairns under construction with an investment of more than $370 million.
The group also owns and operates Crystalbrook Lodge, a member of Luxury Lodges of Australia, and MV Bahama, a 27-metre luxury motor yacht berthed at Crystalbrook Superyacht Marina.
 
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Port Douglas’ Reef Marina bought by Crystalbrook Collection

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The Port Douglas trophy home market is gathering pace with two multi-million dollar sales in a week.
The <a href="https://queenslandsothebysrealty.com/1P0336/44-island-point-road-port-douglas" target="_blank">award-winning Tanamera</a> sold after being passed in at auction at $3.25 million with Queensland Sotheby's agent Michael Vettoretto.
Set on the exclusive Island Point Road, the home had been offered at $9.25 million in 2013. It had last traded as a 2023 sqm parcel for $900,000 in 2001.
The Singapore-based owners Timothy and Jacqueline Madley spent four years designing and building the three level mansion.
They drew inspiration from years of travel across Asia and East Africa. The couple had never lived in the home.
Completed in the early 2000s, the four bedroom home is built into Flagstaff Hill on the highest vantage point in Port Douglas, offering panoramic views of Four Mile Beach to the Daintree Hills.
It features a tree house parent retreat with spa pool
The sale comes after Melbourne based property developer Michael Yates sold his Port Douglas trophy home for $6.8 million.
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Second Port Douglas trophy home sale in a week

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The veteran Melbourne property developer Michael Yates and wife Lou sold their luxury Port Douglas retreat for a reputed $6.8 million after its weekend auction.
Surrounded by tropical flora and towering palms, the house takes its inspiration from the plantation-style British West Indies architecture.
Set on the Wharf Road dress circle, the property was designed as three pavilions by architect Alex Gencur.
The property has been listed through Barbara Wolveridge of Raine &amp; Horne Port Douglas Mossman who advised no formal sale price could be given. 
It was bought from the Juniper development family by Yates who has holidayed at Port Douglas for the last 40 years with 7 Wharf Street being his first house purchase at $6.5 million in 2006.
They sold their South Yarra mansion recently for $11 million as they are building a home on the Murray River at Tocumwal in southern New South Wales, which they have in mind for future retirement.
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Michael Yates secures Port Douglas trophy home sale

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Legendary rock publicist Patti Mostyn has listed her Port Douglas trophy home, The Glasshouse.
The longtime Sydney based publicist, who is famous for working with the likes of Frank Sinatra, George Michael, Sting and Elton John, secured the hilltop location in 2013 with her late husband, Eric Robinson.
<img src="https://www.urban.com.au/images/2017/03/23/Screen%20Shot%202017-03-23%20at%2011.27.42%20AM.png" alt="">
Robinson, the CEO of JPJ Audio and Jands Production Services, was honoured on Australia Day for his service to business in the area of professional audio and lighting equipment.
Their striking three level home, with swathes of glass, offers 200 degree sweeping views to the Coral Sea and beyond over Four Mile Beach and the Port Douglas Marina.
It was designed after the couple suggested a functional brief to the acclaimed architect Charles Wright. 
The master suite and third bedroom have their own private balcony overlooking the tropical landscape.
The second guest bedroom opens onto the extensive swimming pool decking.
Barbara Wolveridge has the listing at $6.75 million in the FNQ town attracting keen buying interest. Callum Jones of Tony McGrath Real Estate Port Douglas shares the listing.
The buyer of The Edge, another Port Douglas trophy home designed by Charles Wright, has emerged as Vaucluse professor Charles Mackay.
The chief scientific officer at Pfizer paid $4.85 million.
Floating off the side of Flagstaff Hill, the 555 square metre home designed like an outdoor shell, was built for the late Sydney industrialist Peter Graham and wife Claire.
Mostyn and Robinson sold their striking Graham Jahn-designed Watsons Bay home for $4,025,000 in 2014, with Mostyn looking to buy for a rather large eastern suburbs apartment which will become her Sydney base.
The four level, three bedroom Watsons Bay home was built in 1989 for Charles Lloyd Jones of the David Jones retail family.
This article first appeared in the Daily Telegraph. 
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Patti Mostyn's Port Douglas home, The Glasshouse, listed for sale

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A cutting edge home at Port Douglas is for sale.
<a href="https://www.realestate.com.au/property-house-qld-port+douglas-123625950" target="_blank">L28 'Beachfront Mirage' Cocos Palms Avenue</a> the 850 sqm property has four bedrooms, three bathrooms and a swimming pool.
It is built with natural materials.
Each room overlooks the water gardens.
The home features polished concrete flooring.
The property has a private parkland directly to the rear and access that cuts through to the beach.
The property is offered by Tony McGrath Real Estate agent Callum Jones.
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Cutting edge Port Douglas home for sale

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Port Douglas is the top ranked Queensland localities where the median price for homes has been on the rapid improve, according to Investar’s market report.
The property investment firm says that in the past four years Port Douglas’ median price has increased by 17 percent.
This is followed by Coolangatta with 14 percent and Mountain Creek with 12 percent.
<table style="height: 122px; width: 479px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="106">
Suburb
</td>
<td valign="top" width="54">
Postcode
</td>
<td valign="top" width="72">
Bedrooms
</td>
<td valign="top" width="106">
4 year average annual growth (%)
</td>
</tr>
<tr>
<td valign="top" width="106">
Port Douglas
</td>
<td valign="top" width="54">
4877
</td>
<td valign="top" width="72">
2
</td>
<td valign="top" width="106">
17%
</td>
</tr>
<tr>
<td valign="top" width="106">
Coolangatta
</td>
<td valign="top" width="54">
4225
</td>
<td valign="top" width="72">
3
</td>
<td valign="top" width="106">
14%
</td>
</tr>
<tr>
<td valign="top" width="106">
Mountain Creek
</td>
<td valign="top" width="54">
4557
</td>
<td valign="top" width="72">
5
</td>
<td valign="top" width="106">
12%
</td>
</tr>
<tr>
<td valign="top" width="106">
Nerang
</td>
<td valign="top" width="54">
4211
</td>
<td valign="top" width="72">
5
</td>
<td valign="top" width="106">
11%
</td>
</tr>
<tr>
<td valign="top" width="106">
Jacobs Well
</td>
<td valign="top" width="54">
4208
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="106">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Darra
</td>
<td valign="top" width="54">
4076
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="106">
10%
</td>
</tr>
<tr>
<td valign="top" width="106">
Eastern Heights
</td>
<td valign="top" width="54">
4305
</td>
<td valign="top" width="72">
4
</td>
<td valign="top" width="106">
10%
</td>
</tr>
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For the median price of $545,000 a buyer can expect to purchase a two bedroom home at Port Douglas such as the one at <a href="https://www.realestate.com.au/sold/property-house-qld-port+douglas-122923354" target="_blank">30 Limpet Avenue</a> (above) that was sold for $500,000.
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Port Douglas' median price has risen by 17 percent annually in the past 4 years: Investar

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A rainforest estate in Port Douglas is on the market through Michael Samson of LJ Hooker Port Douglas who has $3.25 million plus hopes.
The contemporary property sits in the wet tropics and offers mountain and rainforest views. 
Designed as a classic example of bespoke tropical architecture, the property is just a short walk from Mossman.
The property features five bedrooms, six bathrooms and a temperature controlled 2000+ bottle wine cellar. 
The 3.6 hectare estate at <a href="https://www.realestateview.com.au/Real-Estate/rainforest-estate-82-santacatterina-road-finlayvale-port-douglas/Property-Details-buy-residential-9459524" target="_blank">82 Santacatterina Road</a> includes a fruit orchard.
The grounds come with a self contained pavilion dwelling and a huge shed that houses a fully equipped home office and gym, store rooms and a 12 vehicle garage.
The estate also features a helicopter pad.
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