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.

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

Queenscliff

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A five-bedroom luxury home on Crown Road, Queenscliff has been sold through Cunninghams for $3,967,500 today. 
The beachside residence previously sold for $1,375,000 in 2007.
Built approximately 10 years ago, the house received a Master Builder award for its architectural design. 
The home has multiple living spaces with a range of outdoor entertaining zones including a covered entertainer's deck that overlooks the garden and swimming pool. 
The bedrooms are situated upstairs, and equipped with air-condition units, ceiling fans. The master suit has an en-suite with double shower and vanity, and a walk-in wardrobe.
There is a second living area  for guest accommodation with a bedroom with ensuite.
The 650 sqm property sits between Freshwater and Manly beach. 
 
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Queenscliff beachside family home sold

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A historic Italianate mansion, in Victoria’s coastal region of Queenscliff, has come onto the market after undergoing extensive renovations. 
Katalin and Stephen Blond are the vendors of the ten-bedroom residence at 34-36 King Street.
“We thought it was the most beautiful building that was in need of some love and attention” says Ms Blond.
When they bought it, the building was in a very poor condition having lived through more than 100 years of deterioration.
It was built in 1854, as a seaside hotel, carefully positioned to be outside the city limits for Geelong drinkers – at the time, being 17 miles or more from the CBD meant you could drink on a weekend.
The listing notes the versatility of the address, stating that it could be used as a beach house, divided into two mansions with separate entrances, transformed into luxury seaside apartments, or used for commercial purposes as a restaurant, bar, or wedding venue.
It will go to auction on December 7 with a price guide between $3,750,000 to $4,100,000.
 
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Historic Italianate Queenscliff mansion listed

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Retired champion jockey Darren Beadman and wife Kim are selling their northern beaches investment property.
The two bedroom, two bathroom Queenscliff apartment is on the top floor of the Laguna complex (above), with glimpses of Manly Lagoon.
It has a $1.195 million price guide through Lincoln McCarthy and Matt Lahood at The Agency for a November 17 auction.
The Dalley Street offering was bought for $750,000 in 2005 by Beadman (inset), who won seven Sydney jockey’s premierships.
Beadman, the youngest jockey to be inducted into the Australian Racing Hall of Fame, first rode for the legendary master of apprentices, Theo Green.
His first winner was in 1982 aboard Flagette at Wyong. His first Group 1 win came on Inspired in the 1984 Golden Slipper.
In 1990 he won the Melbourne Cup on Kingston Rule, and on Saintly won the Cox Plate-Melbourne Cup double in 1996.
He has been a horse trainer since he retired in 2012.
This article was first published in the Sunday Telegraph. 
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Retired champion jockey Darren Beadman lists Northern Beaches investment property

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A waterfront Queenscliff cottage with 360° landscape panorama has been listed for expressions of interest.
It has been offered by Felix Hakins and Thomas Rogan from RT Edgar who have $2.7 million to $2.95 million hopes.
Set on a 3.64 ha block of land, the weatherboard home at <a href="https://www.realestate.com.au/property-house-vic-queenscliff-129530486" target="_blank">4 McDonald Road</a> comes with three bedrooms, galley kitchen with adjacent mudroom, dining and lounge area, and large shed with car lock up garage plus storage/workshop area.
It is set in the seagrass meadows of Swan Bay.
<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/2018/10/26/queenscliff%202.jpg" alt="">
Other features include bluestone pillars forged with cast iron gates, circular driveway, verandah, native woodlands and grassy open space.
The suburb's median house price sits at <a href="/developments/queenscliff-vic-3225">$790,000</a>, according to CoreLogic. 
<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/2018/10/26/queenscliff%203.jpg" alt="">
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Waterfront Swan Bay, Queenscliff cottage with seagrass views listed

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One of Queenscliff's finest trophy homes has been snappily sold for $12 million. The northern beaches offering came with record breaking hopes through Jake Rowe Partners agents Jake Rowe and Nathan Tse.
They had an $11 million to $12 million price guide for its now unnecessary September 1 auction.
Renovated since last traded for $3.8 million in 2008, the tri-level home on its 805 sqm Pavilion Street block has five bedrooms, five bathrooms and two home offices.
The lounge with gas log fireplaces, and the glass framed dining and living rooms flow to seaside terraces featuring a fire-pit and heated plunge pool.
The listing comes off the back big sales in the Queenscliff prestige market.
Earlier this year another Pavilion Street home, a one bedder on the clifftop, sold for $5.55 million, marketed as the last underdeveloped block on the headland.
<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/2018/8/8/queenscliff%202.jpg" alt="">
The $12 million was secured just four days into its marketing by the dentist David Eyles and his wife Patricia.
It was bought by a buyer from the upper north shore.
There had been 21 groups at its only open inspection last Saturday.
Late last year the Queenscliff residential price record was set when fund manager Andrew Formica spent $10 million on a Crown Road home with direct access to Freshwater Beach.
He snapped the four bedroom property up in just 15 days, in doing so toppling the previous $5 million record set in 2016.
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Queenscliff trophy home sells for $12 million

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Queenscliff's landmark 1880s post office along with its restored family home is being sold.
The original colonial property has been restored since it last traded for $1,573,000 in 2011.
It now comes with a guide of $2 million to $2.2 million.
Set in 550 square metre of manicured gardens flanked by pencil pines, the home has four bedrooms and a private courtyard.
The imposing stairs lead to a return verandah, while a grand dining room with sash windows features a cast-iron and marble fireplace, as well as a 700 bottle bluestone cellar below.
Fletchers Queenscliff agents James Gladman and Charles Caldwell are marketing the property.
The sale comes with a lease of $33,000 per annum to the post office.
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Landmark 1880s Queenscliff post office listed

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Andrew Formica, the fund manager and co-CEO of Janus Henderson Investors, has dropped $10 million in Queenscliff.
He's bought a <a href="https://www.realestate.com.au/sold/property-house-nsw-queenscliff-126483978" target="_blank">Crown Road home</a> with direct access to Freshwater beach.
Formica snapped the home up in 15 days after it was marketed by Donovan Estate Agents Mosman agent Vince Donovan.
He described it as "without a doubt one of Sydney's best beach front properties."
<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/2018/2/16/queen2.jpg" alt="">
The 940 sqm property has four bedrooms, three bathrooms and a number of outdoor entertaining terraces, one which features a swimming pool and spa. 
It last traded for $2.66 million in 2001.
Formica is the chief of the $330 billion Janus Henderson.
 
 
 
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Queenscliff home with direct Freshwater Beach access fetches suburb record

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Maytone, the historic grand manor in Queenscliff, has been listed for sale.
The property, which gives its name to the beach it faces, was <a href="https://www.realestate.com.au/property-house-vic-queenscliff-127327330" target="_blank">built in the 1880s</a> and has had a long and rich history.
It was built for the staunch Victorian parliamentarian, Solicitor-General and Crown Prosecutor Travers Adamson.
The Victorian Government bought the property in the late 1890s. It was acquired by the military and became the home of the Fort Queenscliff Commandant, then later as the Fort's Officers' Mess.
<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/2018/1/17/maytone.jpg" alt="">
The garages were a later addition to the property, built in 1939. During WWII they served as the Artillery Store for the two 4.7 inch guns known as the Crowns' Nest Battery.
Ownership was then passed to the Commonwealth, and in the mid 90's ownership became private and it was converted into a guest house.
It has six bedrooms and eight bathrooms, a music room, sitting room, and library. The balcony has Point Nepean views and a heritage chimney is retained. 
There's also a one bedroom cottage on the 1,025 sqm parcel. 
Fletchers Queenscliff agents James Gladman and Charles Caldwell are marketing the property.
 
  
 
 
 
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Queenscliff's historic Maytone used in WWII for sale

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A historic mansion that is currently run as a restaurant and bar in the Victoria’s Bellarine Peninsula is on the market.
The <a href="https://www.realestate.com.au/property-house-vic-queenscliff-126546886" target="_blank">34-38 King Street</a> property is one of Queenscliff’s iconic buildings and has a $5 million to $5.5 million price guide. 
It previously sold for $2.2 million in 2013, CoreLogic RP Data shows.
According to its description, in 1854, William Leigh, one of Queenscliff's first residents, planned to build the first considerably sized hotel in the region. 
Originally made of fine grade timbers, the first election for the newly established Borough of Queenscliff was held within its walls in 1863 before being destroyed by fire the following decade. The Royal Hotel as we know it today was rebuilt, this time even larger and grander, in the early 1880s.
The Royal Hotel was rechristened Hotel Q after owners Katalin and Stephen Blond went in for a “full-on restoration”, according to the Geelong Advertiser.
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Currently used as a restaurant and bar, the ground floor offers a flexible floorplan with multiple zones that can be self-contained for either commercial or residential use. 
The beach house is suitable for various uses. It can be divided into two mansions with separate entrances, transformed into luxury seaside apartments, or used as a restaurant, bar or wedding venue subject to council approval. 
Zoned Residential One, there is the option of developing another building or apartments subject to council approval. 
The selling agents were James Gladman and Lee Botsios of Fletchers.
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Queenscliff's iconic 'Hotel Q' up for sale

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The landmark Queenscliff property, Lathamstowe has been listed with $6 million plus hopes for January 31 auction. 
The 44 Gellibrand Street offering is an 1883 Victorian Italianate heritage-registered masterpiece.
It was built as a gift from the former owner of Carlton United Breweries, Edward Latham to the Anglican Church for its clergy to use it as a retreat and resting place. 
The listing agent James Gladman, of Fletchers Queenscliff, said it was a historic and landmark property not only in Queenscliff but also in Victoria. It is offered <a href="https://www.realestate.com.au/property-house-vic-queenscliff-124318218" target="_blank">in conjunction with Kay &amp; Burton</a>.  
During the ownership of Loucas Adams, the mansion has been used as a residence and a bed and breakfast on its 1640 sq m block.
There are impressions of approved renovation plans designed by Threowan Architecture, interiors by Hecker Guthrie and landscape design by Paul Bangay.
The house, built by Thomas William Dally as a duplex designed by William J. Ellis, retains original features including stained glass windows, pressed metal ceilings, marble fireplaces and a cast iron spiral stairway to the peak of its 23 metre tower. The original sheet-lead roof weighed more than 20 tonnes and is believed to be the first substantial flat roof built in Victoria. 
It was sold by the church at $600,000 in 1993 to the Riddell family.
It had been passed in at $570,000, against a reserve of $650,000.
Heritage Victoria says Lathamstowe and the former Baillieu House Hotel together presented an homogenous streetscape, their French Renaissance styled tower-roofs followed from the Grand Hotel (now altered) to create a skyline character within a compact area peculiar to Queenscliff.
"These buildings encapsulate the aspirations of Queenscliff as a Victorian seaside resort, and there is no other group in Victoria which closely approaches these."
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