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."

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Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

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

Joel Robinson

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

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

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Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

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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>.

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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.

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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."

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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.

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<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.

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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.

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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;

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<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;

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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

Riverfront

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Moyne River Cottage at Point Fairy has been listed for sale for the first time for two decades.
The<a href="https://www.realestate.com.au/property-house-vic-port+fairy-127249614" target="_blank"> Gipps Street home</a> with traditional charm is set among other historical homes in the sought after river precinct.
Built in the early 1850s, the property has been restored behind the classic weatherboard facade. 
It has three bedrooms and two bathrooms.
A terraced garden leads down a large waterside landing.
It has $1.55 million to $1.65 million price guidance through Robertson Port Fairy agents Paul Ross and Di MacKirdy.
Moyne River Cottage last traded for $245,000 in 1998.
The comparable street sales sheet cite a home nearby which sold for $1.6 million at the start of 2017.
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j.ballantyne1990-6AQqhLzZaK

Port Fairy's 1850s Moyne River Cottage listed for sale

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Peter Higgins, the entrepreneurial mortgage broker and his wife Rebecca, have sold a small part of their Richmond Lowlands polo estate.
The sale was finalised just before the World Polo Championships, which kicked off on the weekend  at spectacular riverfront location.
There's speculation the UK Royals could turn up as Higgins, has remained in touch since he played polo with the princes in the UK.
Teams from Argentina, United Kingdom, New Zealand, India, Chile and Spain, and Australia will be competing.
The recently sold home, dubbed <a href="https://www.realestate.com.au/property/7-ridges-lane-richmond-lowlands-nsw-2753" target="_blank">Hawkesbury House</a>, has been bought by champion polo player Hugh Parry-Okeden and his wife, Gendy, who are returning to the riverfront lane after about a decade's absence. 
They paid $4.3 million for the 12.3 hectare estate.
Given the timber master craftsman Parry-Okeden established the hardwood building company, Giddiup and his wife, Gendy was co-founder of Hickory Hill Home, the sleepwear and lifestyle brand,gthey no doubt they will makeover the five bedroom homestead.
It looks over the park-like surroundings and grazing paddocks which come with an Argentinian inspired stable block of eight. 
Higgins, who started playing polo in the early 1990s, starred 12 years ago on the entrepreneurial television investment show Dragons Den.
Higgins, a co-founder of Mortgage Choice, began to buy in the Windsor district in 2002, consolidating arounds 50 hectares of alluvial land overlooking the Hawkesbury River during the following six years.
In 2010 he was seeking $20 million for much of the estate when it was offered by veteran agent Bill Bridges in conjunction with Ryan Watsford.
He subsequently endeavoured to hold weddings on the expansive holding but in 2015 Hawkesbury City Council were taken to court by the nearby Marshall Rural Pty Ltd, aka as Kurri Burri Polo Club. 
The country estate with polo fields at the base of the Blue Mountains were featured in the opening scenes of Australian made blockbuster, The Great Gatsby.
No doubt holding of the world championship on the estate would enhance its cache among Chinese trophy estate acquirers. 
Cutcliffe Properties agent Paul Cutliffe sold Hawkesbury House which spent nearly 300 days on the market.
The Parry-Okedens had recently sold their heritage-listed home Ukamurra at Cattai on the Hawkesbury River.
The sandstone home, which was bought for $1.5 million run down in 2008, fetched $7.3 million last year when sold to a company headed up by a syndicate of Chinese buyers.
This article first appeared in The Daily Telegraph.
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jchancellor-FAypfDUnLy

Polo offering in Richmond Lowlands sold by Peter Higgins

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Spencer and Brooke Lambert, owners of commercial kitchen design and fit-out company Lamberts, have listed their Brisbane riverfront property.
It is a contemporary family home with pool, jet-ski landing and deep water pontoon at Yeronga.
More than $2.5 million is expected for the <a href="https://www.realestate.com.au/property/39-instow-st-yeronga-qld-4104" target="_blank">39 Instow Street, Yeronga</a> house that showcases a mix of polished and raw timber, polished concrete, stone and glass to take advantage of the views over the Brisbane River and Indooroopilly Golf Course. 
Sarah Hackett of Place Estate Agents Bulimia has the listing.
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Brisbane riverfront trophy listed

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A Toorak riverfront home has been sold just two and a half weeks after hitting the market, for a figure close to its asking price.
Marshall White Armadale selling agent Justin Long secured the sale of <a href="https://www.realestate.com.au/sold/property-house-vic-toorak-124683646" target="_blank">106 St Georges Road</a> at an undisclosed, but it’s understood to be in the vicinity of $9.5 million. 
A family bought the five- to six-bedroom house, which boasts its own private jetty at the foot of the 1750 sqm block.
It is one of just 22 or 23 Toorak homes to border the Yarra River, according to Long.
The house was designed to offer river views from its two levels, with each room opening to north-facing balconies, overlooking lush gardens and a riverside pool.
CoreLogic records show the property’s last sale before this was in 2015 for $7.5 million.
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Riverfront Toorak trophy home sold

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Vailele, one of Sydney's most tightly held riverfront homes, has been listed for sale by the Salter family.
The historic sandstone home in Woolwich has only had five owners since its 1892 construction. It last traded for $3 million, when it was 1993's top price on the North Shore water's edge, and before that in 1979 when bought by abattoir owner Trevor Wadland for $375,000.
It is long remembered as the location of scenes from the Network Ten mini-series, Return to Eden, the 1983 television drama starring Rebecca Gilling, James Reyne and Wendy Hughes.
Steeped in history, the three storey home once hosted Scottish novelist Robert Louis Stevenson as its guest, who lived out some of his later days in the garden cottage while based at Samoa.
Stevenson even gifted two of the heritage palm trees that sit in the garden.
Ken Jacobs at Christie's International is seeking around $24 million to $26 million for the home which he says offers the most magnificent example of late 19th century sandstone architecture.
Under its slate roof there's original fireplaces, ornate ceiling roses and stained glass windows along with intricate turned timber posts on the marble tiled verandahs still intact after its two year restoration.
The home's named derives from the Samoan term for 'running water.'  An original sandstone water bubbler and heritage-listed sandstone well have been revived, the latter irrigating the grounds. 
The peninsula's most recent trophy home saw was earlier this year when the actor Cate Blanchett and her playwright husband Andrew Upton have sold Bulwarra.
The historic 1877-built residence - restored and extended on its 3642 sqm Hunters Hill block - was sold by Christie’s International.
Vailele has eight bedrooms, seven bathrooms, a study, an elegant music room. 
There's an entire floor dedicated to high-tech entertaining, including a home theatre.
Its heritage billiard room comes with cedar-panelled walls, domed ceiling and a bar.
It comes with a 10 car garage at the cul-de-sac location, a 3084 sq m estate on the corner of Gale Street and The Point Road.
With climbing roses, lavender, frangipanis and a vegetable patch, the grounds come with an infinity pool and spa, with lit terraces, verandahs, and a gazebo. 
This article first appeared in the Sunday Telegraph.
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Woolwich trophy home, Vailele's rare return to market

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Victorian horse racing owner/breeder Peter Carrick and wife Trish have listed their award winning Noosa riverfront home through Adrian Reed at Dowling &amp; Neylan Real Estate.
The contemporary house by award-winning designer Chris Clout cost them $3.45 million in 2010.
They bought it from Chris's parents Peter and Janet Clout, who had paid $345,000 for the 779 sqm waterfront parcel before commissioning their son to design the home.
The only request the parents had was that it had four bedrooms with a relaxing holiday vibe.
Designed to have an Asian resort presence, the home features an indoor pebbled garden, bamboos and tropical gardens.
This article first appeared in the Weekend Australian's Mansion Australia section.
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Chris Clout award winning Noosa riverfront listing

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A riverfront West End, Brisbane home with riverfront pontoon has been listed for sale.
The <a href="https://www.realestate.com.au/property-house-qld-west+end-113637883" target="_blank">11 Avebury Street</a> property has been listed with $2.695 million hopes through Jason Adcock at Adcock Prestige.
With panoramic and private, southerly views across the river to St Lucia, the four bedrooms home sits on 536 square metres.
Orleigh Park is within walking distance. 
 
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Riverfront West End, Brisbane listing

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Actor Cate Blanchett and director husband Andrew Upton have snappily sold their 1877 heritage listed Sydney home Bulwarra at circa $20 million. 
They purchased the sandstone riverfront Hunters Hill trophy home in 2004 for $10.2 million, then renovated.
The celebrity couple are preparing to move overseas.
Bulwarra, on 3,642 square metres, has five bedrooms that open to a verandah overlooking the water. A master retreat is housed in a private wing
The property was <a href="https://www.kenjacobs.com.au/2330308/" target="_blank">marketed through </a>through Christie's International in a campaign overseen by Sydney buyers' agency Sydney Slice. It has been reported Savills' Adam Ross was involved in the sale.
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Cate Blanchett sells Hunters Hill riverfront

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Thomas Muster, the former Austrian tennis champion, has spent $6.6 million on adjoining Noosa riverfront homes.
The dearer of the two cost $3.6 million on Weyba Creek which was less than its prior $3.75 million paid some 10 years ago. Both blocks were 620 square metres with early 1980s homes. 
Thomas Muster returns regularly to the Queensland town because his former wife, Jo Beth Taylor, the former Australia's Funniest Home Videos host, resides on the Sunshine Coast with their son.
The 35-hectare hinterland property, Cintamani, was Muster's first house in 1994 as a home away from his then Monte Carlo base, which was sold in 2002 for $7.6 million to Collection House founder Stephen Walker. 
It was in 2006 when Thomas Muster bought back into the Noosa property market spending $3.5 million on one of six luxury houses on the steep slopes of Noosa Hill. Set in the Viridian Noosa complex, overlooking Noosa Heads and Laguna Bay, the house is virtually wrapped around the trees.
Viridian Noosa was a joint venture between Leighton Properties and Ariadne Australia, designed by Noosa resident John Mainwaring. The long-time owner of the then 19.8-hectare banana plantation ended up in the High Court after a decade-long battle with Noosa Shire Council, which constrained the land's development potential.
His latest acquisition was a single level absolute waterfront residence on the sandy shoreline of the Noosa River with over twenty metres of sandy beach offered a $4.25 million by Eric Seetoo at Tom Offermann Real Estate.
The single level absolute waterfront residence enjoys a "dreamlike" position right on the Noosa River. Over twenty metre of sandy beach, a serene outlook to the wooded slopes of Noosa Hill and not a property in your line of sight across the water; this beautifully presented waterfront retreat will appeal to investors and families with an eye on future development in such a wonderful location.  Brightly flowering azalea, cycad, Poinciana and frangipani frame the security breezeway entry. 
The wide arc of sandy beach accommodates the paddle craft on the tide and a grove of Alexandra palm provide a perfect spot to string a hammock.
Property Observer gleans Muster first bought on the riverfront paying $2.8 million in 2013.
The former "King of Clay" beat career-threatening injuries at the age of 21 to become Austria's first grand slam tennis champion and its first world No. 1 player.  
Below is an external shot of the neighbouring property purchase on Mossman Court Noosa.
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