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

Redfern

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EXPERT OBSERVER
The announcement by NSW Minister for Social Housing, Pru Goward that a build to rent project will be located in Redfern demonstrates a positive approach to providing a diverse supply of housing.
The Redfern site will accommodate social, affordable and market rental housing thereby generating a diverse community on a large campus.
The new community will be close to the proposed Metro rail station, to Redfern oval and to the Redfern shops. Clearly the site will need to have strong densities and reasonable height to capitalise on its unique location and to ensure that the private housing is able to subsidise the social and affordable housing.
Similar government projects have required around 70 percent of homes to be market housing and this is likely for the Redfern site. As the project will only be for rental accommodation it will provide much needed housing for those that prefer long term leasing.
American examples of Build to Rent housing have developed a resort like character to the precinct with a range of facilities and amenities that all tenants can share. This pilot project should also look at the sharing of cars within a pool and ensure that child care and play facilities are incorporated.
The Urban Taskforce will be keen to encourage our members to look at the Request for Proposals when it is released. 
We assume that the NSW Government will de-risk the project by supporting a planning approval that provides the amount of floor space that will be required to make the project financially viable.
CHRIS JOHNSON is the Urban Taskforce CEO.
 
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jrobinson-rf4aSBido9

Build to rent proposal for Redfern a good move forward: Urban Taskforce

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A Redfern apartment block is set to be converted into student accomodation, with a proposed $52 million purchase by Singaporean company Wee Hur Holdings.
Wee Hur, also known as The Group, have lodged a put and call option deed on the Gibbons Street block near Redfern Station.
They're intention is to redeveloper the property to be a purpose-built student accomodation (PBSA) with more than 500 beds (below).
The Group, a SGX mainboard-listed property developer, has proposed an 18-storey building with two podium levels and 16 levels of student accommodation.  
The proposal will consist of studios and cluster bedrooms, indoor and outdoor communal spaces for students and a small retail tenancy on the ground level.  
Designed with students in mind, the proposed student accommodation complex will provide facilities and amenities such as kitchen, laundry, bicycle parking, study rooms and games rooms etc.  
<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/2018/6/5/Gibbons.jpg" alt="">
The current freehold residential block comprises 32 apartments (top).
The 1,365 sqm site is a 10 to 20 minute walk from the University of Sydney and University of Technology Sydney respectively
If the proposed acquisition is successful and the PBSA redevelopment plan is approved, the total number of PBSA beds under the Wee Hur PBSA Master Trust can reach approximately 3,765.
The Group’s first PBSA with 1578 beds in Buranda, Brisbane is ready to take in students in July 2018. 
Its second PBSA with 772 beds along Gray Street, Adelaide is expected to complete by early 2019 for 2019 first semester student intake. 
Construction of the Group’s third PBSA with 900 beds along A'Beckett Street, Melbourne is expected to commence by end-2018 and to complete by 2020.
The Group executive chairman Goh Yeow Lian said they have wanted a PBSA in Sydney.
“We are very pleased to find this acquisition opportunity in Sydney as we wanted very much to have a PBSA in this city. 
"We find this site attractive as it is close to two universities, the University of Sydney and University of Technology Sydney, and also close to railway train and metro stations.”
 
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Redfern apartment building to be converted to student accomodation

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Four commercial premises in Redfern's popular dining hub The Alchemy have been listed for sale.
The <a href="https://www.realcommercial.com.au/property-retail-nsw-redfern-502818198" target="_blank">properties on the corner of Pitt and Redfern Streets</a> are currently home to restaurants Bart Jr, Fern St, Isaacs and the recently opened Juan.
Isaacs restaurant takes up two shop spaces.
<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/2018/5/31/alchemy.jpg" alt="">
The net income range from $54,000 per annum to $143,000. Each premises has new five to eight year leases.
The properties in the recently completed development are being offered for sale individually or all together.
<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/2018/5/31/redfern2.jpg" alt="">
The ground floor offerings sit beneath apartments. 
Ray White Commercial agents Scott Stephens, Justin Rose, Samuel Hadgelias and Jeff Moxham are marketing the property for a June 13 auction.
Each space was bought in 2016 and 2017, with the purchase prices totalling just over $3.5 million.
 
 
 
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Redfern's popular dining hub The Alchemy listed

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A home that hit the headlines earlier this year when it sold under the hammer but actually didn't sell, has now sold four months on.
The hammer fell on a run down Redfern home when builders Sean Piper and Martin Allen outbid everyone to land the property for $1.36 million at its July auction.
After the price passed $1.35 million, Cooley Auctions auctioneer Jake Moore had indicated the reserve had been reached. It hadn't. He slammed the gavel down and shouted "sold" at $1.36 million.
But then the perplexed listing agent Cheryle Lanthois from Carrington Real Estate belatedly intervened. The house apparently had not been “sold” at all.
<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/2017/12/13/boronia2.jpg" alt="">
“I’m sorry, I’ve made a mistake. The written reserve was $1.4 million — I had it as $1.3 million. Come inside and we’ll negotiate with the vendor,” Moore told the top bidders.
“We’re not negotiating — that’s it,” Piper said, the Sunday Telegraph noted.
Mr Moore: “I sold it under the written reserve — it’s my fault. It’s not the owner’s fault, it’s not Cheryl’s fault, it’s my fault.”
Lanthois confirmed that the vendor wasn’t selling at $1.36 million, but holding out for $1.4 million.
Discussions went on after the Boronia Street auction, with the eventual line from Carrington Real Estate agent Cheryle Lanthois saying the property had passed in because the reserve hadn't been met.
Piper and Allen understandably weren't best pleased and didn't want to go as far as the $1.4 million reserve.
After all the toing and froing, the home went on to sell late last month through different against BresicWhitney for $1.34 million, marginally less that the price the hammer fell at.
The Boronia Street home was a run-down three-bedroom terrace with peeling paint, squeaky floorboards, mouldy walls and outdoor dunny. 
 
 
 
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j.ballantyne1990-6AQqhLzZaK

Hammered as Redfern derelict terrace sells for less

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2GB Radio broadcaster Ben Fordham and his construction manager mate, Steve Fadel pulled their small-scale development in Redfern from its weekend scheduled auction.
They're now seeking a tenant at $1,800 a week.
The Turner Street property might get re-listed for auction when the auction season returns in February.
The almost identical home at 19b sold pre-construction 18 months ago for $2.65 million, with the now complete 19a having $2.4 million price guidance through the BresicWhitney agent Charles Touma.
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The three bedroom property features an industrial warehouse aesthetic including a front door fashioned from a decommissioned Sydney Ferry.
Fadel and Fordham’s business relationship formed when they were next-door neighbours.
This article was first published in the Saturday Daily Telegraph.
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firstname1-iYD4UYzvBa

Ben Fordham seeks tenant for Redfern development after auction pulled

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2GB Radio broadctaser Ben Fordham and his construction manager mate, Steve Fadel have listed their small-scale development in Redfern for December 2 auction.
<a href="https://www.realestate.com.au/property-house-nsw-redfern-126857602" target="_blank">19a Turner Street</a> is a newly built abode developed by Steve Fadel and Fordham. 
The almost identical homes at 19b sold pre-construction 18 months ago for $2.65 million, with 19a having $2.4 million price guidance through the BresicWhitney agent Charles Touma.
The three bedroom, three-bathroom property features an industrial warehouse aesthetic including a front door fashioned from a decommissioned Sydney Ferry.
<div>Fadel and Fordham’s business relationship formed when they were next-door neighbours as Fordham had just bought from Fadel in Wells Street, Redfern.</div>
That industrial Redfern residential terrace sold for $3.2 million recently through Cobden &amp; Hayson when the 2GB drive time host who had paid $1.7 million in 2010 moved across the harbour with his TV presenter wife Jodie Speers with their two children, Pearl and Freddie.
Turner Street is their first joint project,  with the duo going on to acquire a former mechanics workshop in Alexandria with 17 apartments planned and a motel in Strathfield approved for 65 units.
This article first appeared in The Sunday Telegraph. 
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Ben Fordham lists Redfern property investment 

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A Newtown estate agent outbid several religious groups to secure the 145-year-old church in Redfern at auction yesterday.
Jim Markakis, the principal of Richardson and Wrench Newtown, bid $3,725,000 for the former church as an investment for his family.
The price was $725,000 more than the reserve price for the 360-square-metre property, which came with heritage listing.
He will put it to tender to work out who’s the best tenant and the best use for the building.
There were nine groups seeking the 1872 Victorian, Gothic-style church that was offered by the Uniting Church.
The property at 118 Regent Street, Redfern has been used by the Tongan Parish for more than 20 years.
The congregation had moved to a new church in Marrickville.
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Estate agent buys Redfern Uniting church

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A heritage-listed church in Sydney’s inner suburb of Redfern has been listed for auction with expectations of between $2.5 and $3 million.
The Uniting Church is selling the Tongan Parish church at <a href="https://www.commercialrealestate.com.au/property/118-regent-street-redfern-nsw-2016-2013759335" target="_blank">118 Regent Street, Redfern</a>, as maintenance is becoming expensive.
The Gothic-style church, built in 1872, will go to auction on September 6 through CBRE.
The site is zoned B4 mixed use and the zoning allows for education, commercial or residential use.
The listing agents are Peter Vines and Stephen Grant of CBRE.
“This Victorian Gothic Church is an extremely unique opportunity within South Sydney, as it’s zoned B4 mixed use, so it will suit savvy owner occupiers, investors and developers,” Grant was quoted as saying by Fairfax Media.
Vines said the ”striking architecture and the proximity to the city” made it ”unique”.
“It would be an unbelievable creative office space for the right person,” he said.
The floor area is 360 sqm.
<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/2017/08/15/Church1.jpg" alt="">
The site also had rare ‘place of worship’ rights which was expected to draw interest from other church groups, he said.
The Regent Street church has Local Heritage listing, meaning that its facade, wooden staircase up to the tower and wooden altar would all have to be maintained as part of new designs.
According to the heritage listing, the church took four years to build and cost £1000, which was paid for by the congregation.
It has 360 square metres of floor space, two street frontages and is 300 metres from Redfern train station. 
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Uniting Church lists Redfern church for sale

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Radio 2GB drive time broadcaster Ben Fordham has listed his redundant industrial Redfern terrace.
Fordham called the contemporary terrace home with TV presenter wife Jodie Speers until they bought last year on Sydney's lower north shore.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.50.21%20AM.png" alt="">
He paid $1.7 million in 2010 for the three level Redfern home designed by BKA with oversight by the developer, Paramount Property Group's Steve Fadel.
It was completed in 2011, the year it received an MBA housing award for design and construction.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.50.16%20AM.png" alt="">
All very bespoke across the 175 square metre internal space, the Wells Street minimalist design apparently references the work of Japanese architect Tadao Ando.
The home was briefly available for rent at $1,500 a week, but Cobden &amp; Hayson agent Matthew Hayson has set a June 2 auction date with a guide of $2.8 million.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.50.08%20AM.png" alt="">
With a lifetime mixing in media circles, Fordham has been his own fixture in the media for nearly two decades.
He began his career on Sydney's 2UE radio station, for which he won a Walkley Award for his coverage of the tragic 1997 Thredbo snow landslide.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.50.03%20AM.png" alt="">
A year later Fordham moved to television with Sky News Australia before soon joining the Nine Network, working on programs including 60 Minutes, A Current Affair, Nine News and Today.
In 2011, the year he married Seven News presenter Jodie Speers, he joined 2GB replacing Jason Morrison to present Sydney Live.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.49.53%20AM.png" alt="">
Ben and Jodie took to suburbia around the time of their first daughter Pearl, the sister of Freddie.
The award winning home is constructed from concrete and recycled materials including timber floors from a bowling alley and hand rails from a local hospital.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.54.38%20AM.png" alt="">
The whole upper floor main bedroom retreat opens to a north facing terrace with leafy outlook and city views.
<img src="https://www.urban.com.au/images/2017/05/19/Screen%20Shot%202017-05-19%20at%2011.54.29%20AM.png" alt="">
The designer kitchen, living and dining space on the ground floor open to a courtyard while a built-in home office and two further bedrooms with balconies sit on the middle floor.
This article first appeared in The Sunday Telegraph.
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Media star Ben Fordham lists Redfern terrace

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Singer Mahalia Barnes and musician husband Ben Rodgers have sold their Redfern Watertower factory conversion after it was pulled from auction last month.
The Berrima-bound musical couple reduced their asking price from $1,475,000 to $1,425,000, prompting the sale through BresicWhitney agent Charles Touma.
Renovated since their $665,000 purchase in 2010, the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-redfern-124625294" target="_blank">three bedroom, two bathroom apartment</a> comes with a space that Barnes converted into a studio for musos to work in.
The split level apartment has 115 sqm inside space.
The couple have bought in Berrima to be closer to her rock legend father Jimmy Barnes, who lives in Bowral.
This article first appeared in the Daily Telegraph.
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