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

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

Joel Robinson

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

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[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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The Berrima-bound musical couple Mahalia Barnes and husband Ben Rodgers have yet to sell sold their contemporary Redfern Watertower factory conversion, after being pulled from its scheduled weekend auction
It now comes with a $1,425,000 asking price having had an initial $1,475,000 buyers guide through Charles Touma at BresicWhitney.
Occupying a treetop position in the block, the three bedroom, two bathroom home features oversized windows and high ceilings.
The <a href="https://www.realestate.com.au/property-apartment-nsw-redfern-124625294" target="_blank">split level apartment</a>, with 115 sqm inside space, has been renovated by the couple who bought the apartment for $665,000 in 2010.
The renovation included a new kitchen.
Barnes converted space into a studio for musos to work in.
Barnes and Rodgers were briefly followed into the block by Mahalia's half brother, TV presenter David Campbell and wife Lisa, who bought next door for $750,000.
The Campbell's traded up to Elizabeth Bay in 2014, selling their three bedroom apartment for $950,000.
Mahalia Barnes was raised in Bowral and is the daughter of Aussie rock star Jimmy Barnes, who lives in the Southern Highlands.
She began her career as part of children's pop group The Tin Lids with sisters Eliza-Jane, Elly-May and brother Jackie.
This article first appeared in the Sunday Telegraph.
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Mahalia Barnes yet to sell Redfern conversion

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An opportunity to invest in Redfern, two kilometres from Sydney CBD, is now available. 88onRegent’s proposed plans at 88 Regent Street Redfern include an 18 story residential tower consisting of 82 luxury studio, 1, 2 &amp; 3 bedroom apartments, with a range of exclusive mezzanine penthouse apartments.
<a href="https://randwprojects.com.au/88onregent-positive-cash-flow/?tfa_9546185863975=RandW+Property+Observer+EDM+Redfern+2016-11-16&amp;tfa_9546185863967=Property+Observer">The 88onRegent development</a> will have cutting-edge home automation and security technology.
Thirdi Group engaged SJB for designs after it secured the site in 2015 for $20.75 million.
The project has seen a collaboration between head designer of Coco republic interior design Diana Ribevski, and Adam Haddow of SJB Architects.
The designers, Coco Republic are set to do the interior design "bringing luxury to Redfern."
The marketing of the project notes the Commonwealth Bank headquarters will be moving to Redfern, continuing the gentrification story.
It is proposed the project will have an on-site childcare facility.
An information event is planned for December 6. Call 1300 941 725 for more information.
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j.ballantyne1990-6AQqhLzZaK

88onregent Redfern development set to revitalise area

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A rundown Redfern shack, has sold for $2.7 million before its scheduled auction, but at substantially less than initial hopes.
It hit the market with $3 million price hopes early last month but these were later revised to $2.5 million.
The sale follows a quick burst of activity in the run down housing market.
Recently a dilapidated Paddington terrace sold for $1.19 million, $190,000 more than it traded for in eight months.
A Rozelle home with no rear wall has been listed for $1.4 million.
The Georgian house, known as Dascombe Cottage at <a href="https://www.realestate.com.au/property-house-nsw-redfern-123747590" target="_blank">46-48 Burnett Street</a> sits on a rare 507 sqm land parcel, almost five times larger than other lots in the suburb.
Most of Redfern's slim terraces are squashed into blocks of about 100 sqm.
Extra stories cannot be added to the home and the front facade can only be altered if the new owner is restoring the original features.
<img src="/images/2016/10/13/Redfern1.jpg" alt="" width="467" height="274">
The mid-Victorian-era home dates back to at least the mid-1850s and is part of the original estate of William Redfern, the suburb's namesake.
The Burnett Street property sold through BresicWhitney. 
<img src="/images/2016/10/13/Redfern3.jpg" alt="" width="472" height="267">
Most of the inquiries came from developers looking to subdivide and locals looking to build, with the potential to put a new home alongside the existing building.
 
 
 
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Heritage-listed Redfern shack fetches $2.7 million pre-auction

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After hitting the market with an indicative price guide of $3 million, a rundown cottage in Redfern has had its price guidance revised to $2.5 million.
The Georgian house, known as Dascombe Cottage at <a href="https://www.realestate.com.au/property-house-nsw-redfern-123747590" target="_blank">46-48 Burnett Street</a> sits on a rare 507 sqm land parcel, almost five times larger than other lots in the suburb.
Most of Redfern's slim terraces are squashed into blocks of about 100 sqm.
<img src="/images/2016/10/13/Redfern3.jpg" alt="" width="472" height="267">
The cottage is steeped in history and any buyer would need to incorporate the heritage listed home into any development.
Extra stories cannot be added to the home and changes cannot be made to the front facade unless they are restoring the original features.
The mid-Victorian-era home dates back to at least the mid-1850s and is part of the original estate of William Redfern, the suburb's namesake.
<img src="/images/2016/10/13/Redfern1.jpg" alt="" width="467" height="274">
The Burnett Street property through BresicWhitney's William Phillips and Shannan Whitney goes to auction November 5.
William said he had never seen a property like it before telling Fairfax Media: “Never. Not of this age, not on a block of land this big.”
“We have had around 20 groups through so far.” 
Most of the inquiries so far have come from developers looking to subdivide and locals looking to build, with the potential to put a new home alongside the existing building.
He said the house was habitable in its current state: “It’s liveable – it’s just very tired.” 
He suggests any plans that buyers had for the property would need to be discussed with council.
 
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Rundown Redfern cottage price revised to $2.5 million

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A rundown cottage in Redfern has his the market with $3 million hopes.
The rare single style Georgian house sits on 507 sqm of land, almost five times the size of other lots in the suburb.
Most of Redfern's slim terraces are squashed into blocks of about 100 sqm.
<img src="/images/2016/10/13/Redfern3.jpg" alt="" width="472" height="267">
Known as Dascombe Cottage, <a href="https://www.realestate.com.au/property-house-nsw-redfern-123747590" target="_blank">46-48 Burnett Street</a> with its peeling paint and brick bathroom, is part of the original estate of William Redfern, the suburb's namestake.
The heritage listed building currently occupies around a quarter of the 507 sqm land parcel. 
The mid-Victorian-era home dates back to at least the mid-1850s and is one of the few examples of property that age left in the area, according to University of Sydney heritage expert Professor Paul Ashton.
While investors and homebuyers in Sydney scramble over old homes on prime real estate, this rundown home comes with a caveat.
Extra stories cannot be added to the home and changes cannot be made to the facade unless they are restoring original features, according to the Local Environment Plan.
<img src="/images/2016/10/13/Redfern1.jpg" alt="" width="467" height="274">
A spokesperson for the City of Sydney council says the property should be retained and conserved.
The Burnett Street property through BresicWhitney's William Phillips and Shannan Whitney goes to auction November 5.
William said he had never seen a property like it before: “Never. Not of this age, not on a block of land this big.”
“We have had around 20 groups through so far.” Most of the inquiries so far have come from developers looking to subdivide and locals looking to build, with the potential to put a new home alongside the existing building.
He said the house was habitable in its current state: “It’s liveable – it’s just very tired.” He suggests any plans that buyers had for the property would need to be discussed with council.
A relatively untouched 350 sqm warehouse on George Street sold for$3,615,000 late last year.
 
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Crumbling Redfern shacks hit the market at $3 million

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A Redfern terrace with mixed residential/commercial zoning has sold for $1.9 million.
The property at <a href="https://www.realcommercial.com.au/property-offices-nsw-redfern-502107594" target="_blank">5 George Street </a>has a land area size of 129 square metres and floor area of 140 square metres, as well as one car parking space.
<img src="/images/2016/10/03/5%20George%20Street.jpg" alt="">
It was marketed as a flexible live/work space or commercial office and came with a versatile B4 mixed use zoning.
The zoning permits home occupations without consent and allows for boarding houses, child care centres, commercial premises, community facilities, educational establishments, entertainment facilities, function centres, hotel or motel accommodation, information and education facilities, medical centres, seniors housing, shop top housing and others with consent.
 
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Redfern terrace with home office potential sold at $1.9 million

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Terence Isaac, head of finance at global tech company Sabre Corporation, has secure $1.9 million in Redfern.
The 87 William St property sold prior to weekend auction, at just $100,000 above its initial price guide.
The three-bedroom house was owned with his partner Peter Clifton, who is a manager at Telstra. They paid $660,000 in 2008 and refurbished in 2009.
They have bought a Yarramalong property on the Central Coast.
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Subdued Redfern terrace sale

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A pair of office towers across the road from Redfern train station has planning approval to be redesigned for new apartments. 
An application to redesign and reconfigure the existing towers for residential and commercial uses at 1 Lawson Square Redfern was approved in 2014.
The modification, approved by the Department of Planning and Environment, will change the plans to allow for:
* a reduction in the width of both towers
* changes to the internal layouts of each floor of both towers
* six additional residential apartments to the original approval, an increase from 156 to 162 apartments
* amending the proposed design and materials for the external facades of the buildings to include concrete, marble, glazing and metal balustrades
A department spokesperson said the modification application was publicly available on its website and referred to the City of Sydney Council between December 2015 and January 2016.
“Key issues raised during consultation include privacy for nearby residences, size and adequacy of the revised apartments, the new façade design and proposed materials,” a spokesperson said.
“To address the issue of privacy for neighbouring properties the Department has requested south-facing windows to be treated with privacy screens and has included a new condition requiring all window sills in Tower 1 to be 1.7 metres in height.
“In addition to the reconfigured layout which will produce apartments of an acceptable size, the Department has requested larger balconies.
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Redfern office towers to be redesigned into residential apartments

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The nine time state of origin star, and the NRL's first openly gay player, Ian Roberts is downsizing, off to a new smaller apartment.
His two level apartment in Redfern has been listed with $1.3 million plus hopes through Belle Property Surry Hills agent Charles Touma.
Spread over two levels, the 160 sqm apartment offering cost $640,000 in 2000, and renovated in 2009.
Roberts played for South Sydney Rabbitohs, Manly-Warringah Sea Eagles and North Queensland Cowboys.
Upon retirement in 1998, Roberts began studying acting with roles including appeared as Riley, Lex Luthor's henchman in the movie, Superman Returns in 2006.
This article was first published in the Saturday Daily Telegraph.
 
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Former NRL star Ian Roberts downsizing

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An old industrial warehouse offered for sale as the best potential single residence in Redfern with $3 million hopes fetched $3.61 million at its weekend auction.
The <a href="https://www.bresicwhitney.com.au/buy/73-75-george-street-redfern-12195" target="_blank">George Street</a> building had last sold for $1.43 million in 2012. 
The 350 sqm property was auctioned by William Phillips of BresicWhitney with eight registered bidders. 
There's little more than exposed brickwork, its tallowwood and brushbox floorboards and its treetop outlook. The vendors bought the space from the Anglican Church and spent $500,000 on basic renovations, to configure it as a one-bedroom home with a kitchen, garage and two long empty rooms.
The property is one of Redfern's top authentic warehouses and could become the area's best residence.
A four-bedroom house at 27 Chelsea Street, Redfern sold for a suburb record of $3.45 million in August. 
Budding venture capitalist Dan Gammell and his art dealer fiancee, Eleanor Cheetham had bought the home of the late artist Brenda Humble in 2013 for a then record price of $2.58 million.
In that time they undertook a modest renovation, including installing a new kitchen.
Shannan Whitney, of BresicWhitney shared the listing with McGrath agent Ben Collier.
 
For your free Property Observer eBook from RAMS, 12 tips for first-time buyers, covering everything you need to know when it comes to purchasing property, click here.
 
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