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

Reality Tv

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Weekend auction clearance rates remained strong, sitting about 70 percent in Sydney, underpinned by the past week's policy announcements.
Sydney's east remains super strong.
Anyone doubting the strength can't view the latest celebrity listing as it sold withn six days of offering and weeks before its scheduled auction.
It was a Bondi semi that performed poorly in <a href="https://www.realestate.com.au/property-house-nsw-bondi-122539826" target="_blank">The Block All Stars</a> three years ago.
It has now been snapped up for sold for around $2.55 million, an 86 percent hike on the sale price under the television lights in 2013.
Sunnybrae at 10 Tasman Street, Bondi, had an initial price guide of $2.2 million having sold last at $1,375,000.
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jchancellor-FAypfDUnLy

Quick resale of the Block Allstars semi in Bondi

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The Block WA sibling contestants Luke and Ebony Haythornthwaite have started their own businesses.
The brother-sister duo have used the $640,000 they won on the reality renovation show to start their own businesses.
Carpenter Luke launched Allure Landscapes and Construction with a friend four weeks ago.
Ebony has moved to Melbourne where she will soon launch her interior design company, The Visionary Co.
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The Block siblings start their own businesses

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After its disastrous ratings, Channel Nine has moved Reno Rumble out of its 7.30pm timeslot.
A new season of reality show Married at First Sight will replace the renovation program on Mondays and Tuesdays. 
The program – made by The Block's producers - has damaged the stellar reputations of The Block's hosts Scott Cam and Shelley Craft.
Its first episode last Monday drew a 395,000 viewers, compared to MKR's 1.46 million to finish in fourth place. 
Picture courtesy of 9jumpin.com.au
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Reno Rumble cut from prime time

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Team NSW won House Rules 2015. Some 1.99 million nationally watched the Channel 7 series grand final, with 1.29 million across the five metro cities, Oztam ratings noted.
Viewers would have expected the Sydney contestants to have the highest mortgage but Steve Falzon - of the <a href="https://au.tv.yahoo.com/house-rules/teams/steve-and-tiana/#page1">father and Tiana, daughter team </a>- bought his Shalvey house, near Mt Druitt for $130,000 around 23 years ago. 
He has a $250,000 mortgage that will now be wiped as they won the Johanna Griggs' hosted series. Shalvey prices have meanwhile soared during the filming from $366,000 earlier this year to $391,500.
<img src="/images/2015/05/20/700_steve_tiana.jpg" alt="">
The Brisbane couple grand finalists Ben and Danielle's mortgage was $405,000. They are the newlywed who bought the Brisbane home four years ago.
House Rules premiered in May 2013 with the state-versus-state renovation series.
Steve's wife Danielle died 19 years ago, leaving him, then 28, to raise Tiana and son Andrew.
Being a single dad, there was no extra money to do work on the house. 
He lives in the house with his new partner, Deanne and their son, Rory, 6.
Steve, a metal fabricator, admitted to feeling embarrassed by the unrenovated state of his home.
"I would like to feel proud of this house again. It's been a long-time dream to have this house renovated. And to have my mortgage paid off would be mind-blowing."
Tiana, a childcare director, now lives 20 minutes away with husband Dean.
Shalvey is located 48 kilometres west of the Sydney central business district, <a href="/news">with around a $391,500 median house price</a>, according to CoreLogic RP Data.
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Team NSW Steve and Tiana get $250,000 mortgage paid as 2015 House Rules winners

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Professional renovators Gav and Waz, who appeared on the first series of The Block reality television in 2003, have snappily sold their two-bedroom Rockwall Gardens, Potts Point apartment. It was only listed late last month.
It was a ground floor apartment on Tusculum Street advertised on <a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-120052945" target="_blank">realestate.com.au</a> by Richardson &amp; Wrench Elizabeth Bay. They secured around $2,725,000, so possibly secured around $250,000 profit for the duo.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=120052945&amp;theme=rea.buy" rel="photos" data-id="120052945"><img src="https://i2.au.reastatic.net/800x600/4927987fff45b2431ac9aa8f042cc376784a626a3fb04b694aa08379fd410724/image7.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="6"></a>
The renovation duo settled only last July at a hefty $2.25 million, with renovations completed since on the apartment with two bedrooms, two bathrooms and a car space. There are still trademark Deece Giles interiors since the boys bought from the renown Sydney architect.
<img src="https://i3.au.reastatic.net/800x600/de77c1b00ad9bb49b76435f854d9a20119e636f73fe6782622a2c83b1db64537/main.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="0">
Now surrounded by greenery, the total floor space, inside and out, is 180 square metres. It comes with outdoor fireplace by Rolling Stone Landscapes, gold medal winners at the prestigious Chelsea Flower Show.
<img src="https://i2.au.reastatic.net/800x600/4311073f62ad842d671b4b094e23b21e3485102865d75ae1a1db9c8ada01cff4/image3.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="2">
 
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Gav and Waz secure snappy Potts Point sale

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Karina and Brian, the West Australian couple were the first team to be eliminated from House Rules. Karina and Brian stood to pocket their mortgage of middle order $360,000 if they had won the latest Channel 7 series of House Rules.
<div class=" is-preview"><img src="https://pbs.twimg.com/media/CIFfuVOWUAA-ikz.jpg" alt="Embedded image permalink"></div>
The remaining five contestants on the Seven reality home-renovation competition have mortgage prize potential between $250,000 and $448,000 with Bronik and Corrine potentially the biggest winner. It will be the cheapest mortgage prize yet in the three-series ratings winner, though Channel 7 are also giving away to <a href="/expert-insights/buying/house-rules-holiday-home-prize-at-toogoom-hervey-bay">a viewer a Toogoom, Hervey Bay holiday home.</a>
Viewers would expect Sydney to have the highest mortgage but Steve Falzon - of the <a href="https://au.tv.yahoo.com/house-rules/teams/steve-and-tiana/#page1">father and daughter team </a>- bought his Shalvey house for $130,000 around 23 years ago. He has a $250,000 mortgage that would be wiped if they (pictured below) win the Johanna Griggs' hosted series.
<img src="/images/2015/05/20/700_steve_tiana.jpg" alt="">
 
2) Contestants, Ryan and Marlee's mortgage is $229,000 - paying off what the Adelaide couple dub the ugliest house in South Australia. Ryan Rebbeck purchased <a href="https://au.tv.yahoo.com/house-rules/houses/ryan-and-marlee/#page1" target="_blank">the house</a> four years ago alone, and works two jobs, garbage collector and paver. Marlee Murphy, who works as a travel agent, entered the duo on the show now in its third series.
They have big shoes to fill as the first House Rules winners South Australian team Carly and Leighton took out the top prize of the high rating renovation show, with their $450,000 mortgage wiped clean. Michelle and Steve from New South Wales were announced runners up in that series. They had wanted their $629,000 mortgage – the biggest mortgage on the show - wiped, but ofcourse they didn’t walk away empty handed with their newly renovated home to be potentially worth $180,000 to $225,000 more. The second series was won by Victoria’s Adam and Lisa who had their $546,000 mortgage paid off.
3) The 2015 Tasmanian House Rules contestants, Cassie and Matt have a $248,000 mortgage, the third smallest on the series. Their affordable, quirky 1960s home is in the Geilston Bay suburb.
4) Brisbane couple Ben and Danielle's mortgage is $405,000. They are the newlywed who bought the Brisbane home four years ago.
5) The $500,000 early 2014 purchase in Reservoir by House Rules contestant couple Bronik and Corrine sits as the priciest of potential prize outlay.
Bronik Davies, who confided that he was the first of his male descendants to own a house, has a $448,000 mortgage which would be wiped if the couple win the renovation competition.
House Rules premiered in May 2013 with the state-versus-state renovation series, from the makers of My Kitchen Rules, aiming to deliver true home renovations as the six contestant couples put their entire home on the line
Host Johanna Griggs expected and got lots of passion and pride in the way teams tackled the renovations.
"It's a bunch of likeable Australians with amazing back stories," <a href="/expert-insights/investing/house-rules-the-new-addictive-reality-television-show-on-the-block-renovates-for-keeps">Griggs advised Property Observer</a> with a "life-changing prize on the line." 
Johanna Griggs, the presenter of Better Homes and Gardens, is herself a keen home renovator, who on launch was building her fourth home with husband, builder Todd Huggins.
"You put your heart, soul, blood, sweat and tears into what you produce and when you realise you’ve done it together it’s an incredibly satisfying and addictive feeling."
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Bronik and Corrine top the five remaining 2015 House Rules mortgage prize contenders

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Professional renovators Gav and Waz, who appeared on the first series of The Block reality television in 2003, have listed their two-bedroom Rockwall Gardens, Potts Point apartment.
It is a ground floor apartment on Tusculum Street advertised on <a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-120052945" target="_blank">realestate.com.au</a>. They are testing the apparently buoyant market in the inner city suburb where <a href="/news">CoreLogic RP Data</a> actually have the median apartment price down to $525,000 since they bought last year. The median price for a two-bedroom unit with a car space in the suburb sat at around $1 million, <a href="/expert-insights/buying/inner-city-car-parking-convenience-costs-record-264-000-at-the-chimes-potts-point">before the recent $264,000 car space sale</a>.
<a href="https://www.realestate.com.au/photogallery_new.ds?id=120052945&amp;theme=rea.buy" rel="photos" data-id="120052945"><img src="https://i2.au.reastatic.net/800x600/4927987fff45b2431ac9aa8f042cc376784a626a3fb04b694aa08379fd410724/image7.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="6"></a>
The renovation duo settled only last July at a hefty $2.25 million, with renovations completed since on the apartment with two bedrooms, two bathrooms and a car space. There are still trademark Deece Giles interiors since the boys bought from the renown Sydney architect.
<img src="https://i3.au.reastatic.net/800x600/de77c1b00ad9bb49b76435f854d9a20119e636f73fe6782622a2c83b1db64537/main.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="0">
Now surrounded by greenery, the total floor space, inside and out, is 180 square metres. It comes with outdoor fireplace by Rolling Stone Landscapes, gold medal winners at the prestigious Chelsea Flower Show.
<img src="https://i2.au.reastatic.net/800x600/4311073f62ad842d671b4b094e23b21e3485102865d75ae1a1db9c8ada01cff4/image3.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="2">
Jason Boon and Geoff Cox, of Richardson and Wrench, won't reveal how much profit the boys really want for their snug viewless offering, but Title Tattle gleans high $2s will  make them content.
Charlie, their Jack Russell, featured in the advertising (below) to stress the pet friendly nature of the block, is not included.
<img src="https://i4.au.reastatic.net/800x600/583595704b77639853d24a55dd1425c5fc8b48a2eebc3fc9d552e0ecfebdc893/image5.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="4">
Two contracts were issued following the initial weekend open for inspection.
Warren Sonin and and Gavin Atkins have poured serious money into the Potts Point precinct in recent times spending $1.38 million on three investment acquisitions between 2013 and late 2014.
They sold their 23-hectare farm, Charltons, in the Byron Bay hinterland for $3 million in 2013.
<img src="https://i4.au.reastatic.net/800x600/b69408cc3be8b2c1cd61d65297a5fc53735f12a679a8ca18f16fdd4dac073583/image9.jpg" alt="G06/1A Tusculum Street, Potts Point" title="G06/1A Tusculum Street, Potts Point" data-index="8">
Some 26 registered parties ensured a strong price today for a top-floor unit <a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-119904929" target="_blank">6/1 St Neots Avenue, Potts Point</a> that fetched $1,846,000 under the hammer through Ray White Double Bay agent Kim Hayes. 
It sold to an investor.
It came with harbour views.
Sydney's overall weekend clearance rate was a smidge down at 83.2%, compared to last weekend's initial 83.3%, which was then revised down to 81.9% after the late notified results.
Mosman again had the highest sale across Sydney - at $3.05 million at 4 Sverge Street - again through McGrath, albeit at half last weekend's top reported sale.
It was a 1960s original (below) on 768 square metres.
<img src="https://b.domainstatic.com.au/w1600-h1200-2012013305_4_pi_150608_050755" width="593" height="445">
 
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Inside Gav and Waz's garden Potts Point quick flip

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Even Hockingstuart Albert Park's David Wood, who auctioned Josh and Charlotte's apartment at The Block Triple Threat finale, was surprised by the results.
"In reality, I think the results were beyond everyone's expectations," Wood told Property Observer. Although he had good reason to believe the sales would go well, based on his winning experience auctioning Steve and Chantelle's Block Fans v Faves apartment in Albert Park, the <a href="/expert-insights/investing/deanne-and-darrens-935-000-block-2015-triple-threat-auction-result-redemption">results last week</a> were particularly spectacular. Josh and Charlotte's townhouse at 1/27 Darling Street in South Yarra sold for $810,000 over reserve at $2.2 million, clearly exceeding the $636,000 winnings amassed by Steve and Chantelle when their apartment sold for $2.47 million.
At the Fans v Faves auction, many speculated that Steve and Chantelle's final place in the auction order played an important role in the result, with demand increasing as supply dwindled.
At the Triple Threat auction, Wood's clients Josh and Charlotte again went last, and had the second highest result (after Deanne and Darren).
"We were the last cab off the rank, so the big thing for us at the end was how many buyers we were able to hold on to, and how many were we going to lose?" said Wood.
He said the buyers could be put in two categories - those who only wanted one apartment, and those who were open minded, so long as they were able to secure one of the four Block properties on offer.
The Block auctions themselves are an unusual experience, says Wood.
"It doesn't follow a regular pattern, in that we know that a lot of people are keen to get the ball rolling and get it started.
"We don't have that situation where we ask for a bid, nothing happens, and then we have to resort to a vendor bid."
One of those who got the ball rolling at the Triple Threat auctions was buyer's agent and Block judge Nicole Jacobs, who placed strong opening bids at each auction. Jacobs "had her finger on the pulse as to where the buyer interest was in the room," said Woods.
"If you know that, it's a good strategy."
The buyer interest this time round seemed to be much stronger than at The Block Glasshouse, where some couples took home as little as $10,000. Wood wasn't involved in the The Block Glasshouse, and said the disappointing results in the Prahran auctions may have partially been due to the agents.
"I do think the agents left a few things to chance," said Wood.
"I don't think they were close enough to their buyers. For a start, they didn't have the number of buyers in the room that there was this year.
"But you can't say it was a different market - the market was very strong. It's a matter of the agent really drilling down and getting the buyer front and centre in the room, on the day."
The opportunity to get the buyers in the room is something Wood would welcome at future Block auctions, saying he'd love to be involved again.
"It's a very serious program, and we take real estate very seriously," said Wood.
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jrichardson-uRX5hFdKfN

Auctioneer David Wood on why The Block Triple Threat went so well, and why the Glasshouse didn't

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Former House Rules contestants Carole and Russell Bramston sold their controversial Halls Head property earlier this year at a loss.
The Perth couple <a href="/expert-insights/building/house-rules-contestants-hardly-on-struggle-street-say-critics">attracted criticism</a> when various media outlets reported they had a $2.3 million property portfolio, which included the three bedroom Halls Head home at <a href="https://www.domain.com.au/property/for-sale/house/wa/boya/?adid=2011627991" target="_blank">14 Leisure Way</a>.
But the couple told WA Today last year that the home had "a massive mortgage over it" and they couldn't afford to live in the home.
The couple had been attempting to sell the home since April last year, when it was listed with an asking price of $1.17 million. After its price guide was lowered to $995,000, it was pulled off the market in September.
However, they seem to have found a buyer, with the property selling for $1.05 million in February this year. Having paid $1.1 million for the home in 2012, they have made a loss on this year's sale.
The house sold through Harcourts Mandurah, who have handled the house's sale campaign since April 2014.
Despite the loss, the sale is likely welcome news for the couple, who have also been trying to <a href="/expert-insights/building/house-rules-carole-and-russell-offloading-renovated-home">offload their Boya home</a> which was renovated on House Rules last year.
<img src="/images/2014/05/06/carole-and-russell-may-6-breakout.jpg" alt="House Rules' Carole and Russell offloading renovated home">
The <a href="https://www.domain.com.au/property/for-sale/house/wa/boya/?adid=2011627991" target="_blank">Coulston Road house</a> on a 1,640 square metre plot was listed in October last year, with the Bramstons saying they would have kept the house if they had won the series and had their mortgage paid off. They attempted to sell the home late last year in an effort to downsize and enter retirement debt-free, but were unsuccessful. It was listed in October with a price guide of $689,000, but was taken off the market in February this year.
The Bramstons paid $360,000 for the Boya home when they purchased it off classfieds website Gumtree.
 
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House Rules' Carole and Russell Bramston sell Halls Head house

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Channel 7 TV show My Kitchen Rules food editor, Kellie Thomas and her filmmaker husband Pete Mether sold their North Balgowlah home for $1,405,000 under the hammer recently.
<a href="https://www.realestateview.com.au/Real-Estate/12-abingdon-street-north-balgowlah/Property-Details-sold-residential-8461788" target="_blank">The three-bedroom house</a> had been expected to sell for about $1.3 million according to selling agent Tim Wirth of LJ Hooker Seaforth.
Thomas, who is in her sixth season as food editor of the hit Channel Seven show, paid $751,500 in 2008.
Following her international hospitality degree, she moved to London and set up her catering company, Saffron, cooking and teaching in the UK and Europe. 
Thomas moved to Australia in 2002 to work for the Australian Women’s Weekly, originally as a senior home economist.
From there she moved to New Idea, before editing the MasterChef Cookbook Vol 1, Our Family Table by Julie Goodwin and collaborating with Spanish chef Miguel Maestre on his first cookbook. 
Thomas moved to Channel 7 as the food editor for the second series of My Kitchen Rules.
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