Mark and Roy Makari are expanding their presence in Sydney’s South West with a second major proposal for Leppington, this time envisioning a 900-dwelling mixed-use development just 850 metres from their previously lodged tower trio on Fifth Avenue.

The latest application seeks approval for a multi-building project at <a href="https://www.apartments.com.au/new-apartments/230-rickard-road-leppington-nsw-2179">230 Rickard Road, Leppington</a>. The proposal seeks to establish a new focal point for the precinct through a high-density, transit-oriented development supported by diverse land uses.

According to the Scoping Report prepared for the Department of Planning, the scheme includes around 900 apartments across multiple towers, including 135 dwellings designated for affordable housing. A mix of market and subsidised apartments will be supported by ground-level activation through retail and office space, a childcare centre, and a hotel, forming a comprehensive urban precinct.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="34797362-f3dc-4d84-8235-2657fc5f3bde" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Plan.png?VersionId=Uzckrz9tUpDQl5lX1_WMhjnv16bsr8wG" />

The Design Report by <a href="https://www.apartments.com.au/architects/studiosc-0">Studio SC</a> notes that the project “intends to deliver a high-quality, high-density built form that supports the vision for the Leppington Town Centre, integrating mixed-use outcomes and public domain upgrades.” The development is expected to be delivered in stages, although a precise timeline is yet to be confirmed.

The project will be assessed through a future State Significant Development Application, with the Scoping Report indicating the team will seek design excellence via a competitive process or through an expert design review panel. Early massing diagrams suggest a series of mid- to high-rise buildings framing a central landscaped spine, with emphasis on pedestrian permeability and public space.

The planning documentation flags a strong sustainability agenda, stating that the development will “respond to the urban heat island effect, incorporate water sensitive urban design, and prioritise active transport”.

<img alt="Mixed Use Development 230 Rickard Rd Leppington" data-entity-type="file" data-entity-uuid="369d7b54-1279-4cde-88ec-dcb215594414" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Podium_1.png?VersionId=QArL7B2kkLt63vl5xvL0FNV_ardAlez4" />

The proposal follows in the footsteps of the Makaris’ nearby Fifth Avenue site, where they’ve submitted plans for three towers comprising nearly 500 apartments, with 10 per cent dedicated to affordable housing. That project features commercial podiums, a childcare centre, and a new public park that would occupy more than a third of the site.

Both developments are situated within walking distance of Leppington Train Station and fall under strategic precinct plans promoting higher density housing. The town centre is undergoing substantial transformation, driven by state government planning reforms aimed at fast-tracking housing delivery.

Together, the two projects represent a combined ambition of nearly 1,400 new homes across just under two kilometres of central Leppington.

Staff Writer

First look: 900-home mixed-use precinct planned for Leppington

Leading Australian integrated property development group, <a href="https://www.apartments.com.au/developers/aqualand-australia">Aqualand</a>, has released the signature penthouses crowning its landmark AURA by Aqualand precinct at 168 Walker Street in North Sydney, unveiling Il Magnate and La Divina as the largest and most luxurious penthouses in the suburb.

With prices anticipated to commence from $15 million, and each accompanied by a new Porsche Carrera 911 valued at over $500K, the residences mark the culmination of <a href="https://www.apartments.com.au/buildings/aura-by-aqualand-north-sydney-168-walker-street-north-sydney-nsw-2060">AURA by Aqualand</a>’s decade-long journey and the beginning of its final sales chapter. 
&nbsp; 
Their release follows more than $850 million in record-breaking residential sales and the building’s completion and occupation.

[smartcode_project:default project_id=30959 project_image_fid=358868]

The Richards Stanisich-designed 284 sqm Il Magnate and 224 sqm La Divina penthouses, collectively known as The Icons of AURA, are conceived as grand luxury homes rather than apartments, with expansive proportions, elevated materiality and curated identities that reflect their status as one-off residences.&nbsp;

Il Magnate features a grande master suite, complete with substantial walk-in dressing area and ensuite, three other bedrooms, second ensuite and another bathroom, powder room, open plan kitchen, scullery, substantial dining area and generous living room divided by a feature fireplace, and a multifunction wintergarden, which is ideal for a study and adjoining office breakout space. &nbsp;

Meanwhile, the La Divina residence offers the same amenities, sans the powder room, on a slightly smaller alternate floor plan configuration.

[smartcode_project:default project_id=30959 project_image_fid=358863]

Each occupies half of AURA by Aqualand’s topmost 28th level, comes with four secure car spaces and pairs sweeping Sydney Harbour panoramas with large-scale living spaces, refined detailing and a level of craftsmanship and amenity rarely offered in the North Shore market.&nbsp;

Penthouse residents will also receive Etymon’s ‘Black Key’ private concierge and lifestyle management service, an invitation only offering providing the ultimate in bespoke personalisation, including a range of everyday discrete services, from dinner party management, grocery deliveries, pet feeding or plants watered, dinners, snacks and coffee deliveries, event ticket sourcing, right up to organising travel visas and international airfares. Rarely seen in Australian properties, the service provides residents the benefits of living in a world-class luxury hotel-style home, akin to The Ritz, or the Waldorf Astoria.

[smartcode_project:default project_id=30959 project_image_fid=358862]

<a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>’s Director, Kirsten Stanisich, said the studio set out to craft residences that feel profoundly considered, contemporary and deeply connected to their setting.

“From the outset, we approached these penthouses with the sensibility of a grand Parisian residence - generous in scale, elegant in proportion and designed to feel more like a handcrafted home than an apartment," Stanisich said.

“Their elevated position and sweeping harbour outlook informed every decision, creating a rare connection between urban sophistication and natural calm. We shaped each space with expressive materiality, sculptural forms and bespoke detailing that invite touch and interaction.&nbsp;

“The result is a pair of residences defined by volume, light and an inherent softness - refined, flexible and deeply personal. These penthouses are unlike anything else in North Sydney, offering a sanctuary of true luxury framed by some of the city’s most remarkable views.”

For Aqualand’s Head of Sales &amp; Marketing, Alex Adams, the collaboration with Porsche underscores the shared ethos behind the residences.

“Aqualand’s collaboration with Porsche underpins both brand’s sharing an obsession with craftsmanship, design excellence, and enduring value," Adams said.

“Our penthouses are created for those who appreciate the finer details and expect the extraordinary at every touchpoint. Including a Porsche simply extends that experience beyond the residence - it’s a continuation of the lifestyle our buyers already live.”&nbsp;

[smartcode_project:default project_id=30959 project_image_fid=292862]

Aqualand’s Managing Director, Jin Lin, said the penthouses represent both the pinnacle of AURA by Aqualand and an important design benchmark for the company’s future pipeline.&nbsp;

“These stunning penthouses reflect the purest expression of Aqualand’s design ambition," Lin said.

“The unparalleled design intent makes them not only the glistening crown of AURA by Aqualand, but the crown of North Sydney itself. They’re essentially a thank you gift to a burgeoning community that deserves this level of quality and architectural consideration.&nbsp;

“We’re leveraging the unrivalled standard set here as the foundation for what comes next, including our upcoming Anderson Street, Chatswood; 15 Blue Street, North Sydney and Central Barangaroo projects. Purchasers of these penthouses will essentially be living inside the blueprint of Aqualand’s future.

“These landmark residences demonstrate how far North Sydney has evolved and the strength of demand for highly curated, bespoke luxury homes. They’re more than penthouses, they’re legacy residences.&nbsp;

“With AURA by Aqualand now a thriving new precinct with residents well and truly settled, and our in-house world-class lifestyle amenity activated, Il Magnate and La Divina represent a once-in-a-lifetime opportunity to secure an extraordinary piece of North Sydney’s future.”

[smartcode_project_cta:default project_id=30959]

Joel Robinson

Aqualand launches North Sydney penthouses with free Porsche Carrera 911

<a href="https://www.apartments.com.au/developments/bokarina-qld-4575">Bokarina</a> Beach has quietly evolved into one of the Sunshine Coast’s most complete coastal lifestyle precincts, defined not just by proximity to the ocean, but by how residential living, local retail and everyday amenity are stitched together.&nbsp;

Gardner Vaughan Group’s <a href="https://www.apartments.com.au/new-apartments/bask-bokarina-38-bokarina-boulevard-bokarina-qld-4575">Bask Bokarina</a> now represents the final residential chapter in that transformation.

[smartcode_project:default project_id=141609 project_image_fid=333360]

Over recent years, the Bokarina Beach precinct has taken shape as a walkable, community-oriented neighbourhood, anchored by beachfront access, Lake Kawana to the west, and a growing mix of cafés, specialty retail and public open space.&nbsp;

With Zinc Bokarina already delivered next door by <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> (GVG), Bask is the last opportunity to buy a brand new apartment within the precinct, effectively rounding out a fully formed coastal village.

GVG has positioned Bask to strengthen that lifestyle framework. Nine ground-floor retail spaces are planned beneath the residences, extending Bokarina Boulevard’s existing activity and reinforcing the area’s everyday convenience, from casual dining and coffee to local services, within a short walk of the beach.

[smartcode_project:default project_id=141609 project_image_fid=333359]

The residential component comprises 135 apartments across two buildings, Mydas and Caretta, with a clear shift toward larger three- and four-bedroom layouts and penthouses. That mix reflects a maturing buyer profile in Bokarina, where demand is increasingly led by owner-occupiers and active downsizers seeking space, permanence, and connection to place rather than short-term coastal accommodation.

Design and amenity have followed the same logic. Residents will have access to a heated plunge pool, gym, private dining room with a full kitchen, landscaped communal gardens with barbecues and a firepit, and a shared herb and vegetable garden, facilities intended to support daily use rather than resort-style turnover. Pet-friendly features, including a dog wash bay, acknowledge both buyer expectations and the area’s dog-friendly beach, located around 250 metres from the site.

[smartcode_project:default project_id=141609 project_image_fid=333366]

“Bokarina has become one of the Sunshine Coast’s most desirable beachside communities, and Bask represents the very last chance to buy new in this location,” GVG Director Sam Gardner said.&nbsp;

“Our focus has been to create spacious, functional apartments that meet the needs of locals who want to downsize without compromise, as well as those seeking a full-time coastal retreat.”

Positioned between the Pacific Ocean and Lake Kawana, Bask apartments have been oriented to capture outlooks toward the water or the Glass House Mountains, reinforcing the project’s connection to its natural surroundings. With parks, beachfront paths, hospitals, retail and public transport already in place, Bask arrives at a point where the broader precinct is no longer emerging, but established.

Construction is expected to complete in Q3 this year, with apartments ready to move into this Spring.

[smartcode_project_cta:default project_id=141609]

Bask to complete Bokarina’s Sunshine Coast lifestyle precinct as final apartments are released

Property development giant <a href="https://www.apartments.com.au/developers/avid-property-group">AVID Property Group</a> is approaching completion, and sell-out, of its Surry Hills apartment development, <a href="https://www.apartments.com.au/new-apartments/the-rathbone-23-47-flinders-street-surry-hills-nsw-2010">The Rathbone</a>.

The Flinders St project has sold well over half of its 32 apartments, which will sit above two retail spaces.

Now hitting the market are the final 14 one-, two-, and three-bedroom apartments, which start from $1.15 million. AVID is targeting a mid-2026 completion.

[smartcode_project:default project_id=5947 project_image_fid=51208]

AVID General Manager New South Wales Danny Boubli said as more apartments are introduced to increase housing options in inner-city areas, homebuyers are searching for a &nbsp;sense of belonging in addition to location, convenience and value.&nbsp;

“There are very few opportunities for new developments in Surry Hills, and since acquiring the site, we’ve even seen one early purchaser merge two apartments plans together, reflecting the demand for a spacious, premium offering in a prime location,” Boubli said.&nbsp;

“Demand has been strong since we launched to market – we don’t see these final apartments staying on the market for long.”&nbsp;

Architectural firm Studio SC has designed the building which pays homage to the former 1900s Rathbone Terraces that once sat on the 990 sqm island site.

Boubil said the team has made every effort to create "truly liveable apartments", through&nbsp;functional floor plans, security, storage, and the inclusion of quality fittings.

[smartcode_project:default project_id=5947 project_image_fid=51207]

&nbsp;

Sustainable design has also been implemented throughout the development, with natural light flooding each apartment, ventilation throughout, extensive landscaping and where possible, materials with a high level of recycled content and low volatile organic compound paints have been used. &nbsp;

Apartments range in size from 57 sqm for the one-bedrooms to the large-scale 165 sqm three-beds which are priced at $2,575,000.

[smartcode_project_cta:default project_id=5947]

AVID launches final apartments at The Rathbone, Surry Hills

A wave of investment, renewal and precinct growth continues to shape the northern edge of Macquarie Park, where daily life is supported by a rare combination of university activity, corporate employment, major retail, and expansive green corridors. It’s this convergence of amenity and connectivity underpins the setting for <a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>’s <a href="https://www.apartments.com.au/new-apartments/la-vera-94-talavera-road-macquarie-park-nsw-2113">La Vera</a>, which has now topped out and is tracking toward completion in mid-2026.

Within this pocket of the precinct, residents move easily between the area’s key anchors. Macquarie Centre, home to more than 360 retailers, fresh food offerings, dining and entertainment, sits at the heart of local convenience and functions as a major transport interchange. The Metro, T1 rail line and extensive bus network place much of Sydney within quick reach, while surrounding arterial links support direct access to neighbouring districts.

[smartcode_project:default project_id=134951 project_image_fid=5829]

Green space remains a defining feature of the immediate environment. Lane Cove National Park stretches along the northern boundary of the precinct, offering bushland trails, cycling routes and quiet riverfront pockets. Shrimptons Creek and the campus grounds of Macquarie University extend these recreational networks, softening the urban setting and creating a daily connection to nature that informs the project’s architectural response.

<a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> have shaped La Vera around these contrasts. The building’s northern elevation adopts an organic, curvilinear form that mirrors the natural topography of the national park. Three sculpted forms soften the tower’s profile and encourage a stronger transition between indoor living areas, balconies and the broader landscape.

[smartcode_project:default project_id=134951 project_image_fid=223737]

Cox Director Felipe Miranda says the building’s outlook played a central role in the design process.

“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… 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,” Felipe Miranda of Cox Architecture said.

Toward the city-facing side, the design shifts to a more urban expression. A gridded facade and extensive glazing capture CBD views, creating a dual strategy that blends ecological outlooks with metropolitan orientation.

[smartcode_project:default project_id=134951 project_image_fid=5827]

La Vera delivers 169 residences across one- to four-bedroom layouts, reflecting the needs of young families, downsizers, first-home buyers and investors seeking long-term certainty within a high-amenity location. From the project, residents can walk to Macquarie University, Macquarie Hospital and nearby corporate offices, reach national park trails within minutes, and enjoy retail and dining without relying on a car.

The project is delivered by Urban Property Group, a 4.5-star iCIRT-rated developer-builder with more than three decades of experience. The company has become a leader in adopting 10-Year Latent Defects Insurance (LDI), first introduced on its Parq Bexley development and now embedded into its pipeline.

[smartcode_project:default project_id=134951 project_image_fid=223727]

La Vera is the first development in Macquarie Park approved to offer this 10-year LDI policy, adding another layer of protection for purchasers and reinforcing the transparency of the construction process.

Urban Property Group CEO Patrick Elias says this assurance has become increasingly important for buyers navigating 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,” Urban Property Group CEO Patrick Elias said.

Urban Property Group's in-house construction team is forecasting a mid-2026 completion, with <a href="https://www.apartments.com.au/project-marketer/home789">HOME789</a> appointed as the project marketer.

[smartcode_project_cta:default project_id=134951]

La Vera delivers a nature-connected address within Macquarie Park’s core

Spring Hill

Seven years after securing a development site in Brisbane's Spring Hill, national property developer Cbus Property has revealed it's plans for the site.

Cbus Property, who are set to complete their other Brisbane apartment tower 433 Queen Street next year, have proposed a 30-level tower at <a href="/news/qld/cbus-property-propose-sustainable-rothelowman-designed-brisbane-apartment-development">185 Wharf Street, Spring Hill</a>, one of Brisbane's most popular inner-city suburbs.

Rothelowman have designed the striking building which will have 125 apartments. They are targeting a 5 Star Green Star rating for the project, and a Nathers rating of 7.5 Stars. There are a number of sustainable features in the project, which will be 100 per cent electric. There will be EV charging, PV panels, and rainwater harvesting which will help create a more sustainable way of living.

Rothelowman noted in their submission to the Brisbane City Council that 185 Wharf Street embodies the&nbsp;empirical learnings from the rapid evolution of multiple dwelling architecture in SEQ and responds to the market demand from prospective residents for quality, sustainability and the integration of technology.

<img alt="Rothelowman Cbus Spring Hill" data-entity-type="file" data-entity-uuid="459270f1-770d-438b-9759-f103a2363203" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-05%20at%209.30.17%20am.png?VersionId=jysmVJ6PhjQz2l7Wh4mIwBStRbpeVqCT" />

"It is proposed that an increasingly global awareness for the importance of environmental and social sustainability is closely aligned with the elevated expectations of people seeking quality higher density housing typologies in Australian urban centres," the report read.

"This enlightened longer-term focus is considered necessary to successfully respond to the increasing urbanisation of our cities and at the same time capture the opportunity to positively enhance urban living environments.

"The realisation of these core objectives will assist in promoting physical and mental wellness of individuals, create a meaningful sense of community and serve to leverage the utility of existing infrastructure to control the urban footprint."

Cbus Property are committed to the owner-occupier market, with not a single one-bed apartment on offer. They've pitched for 60 two-bedroom units, 45 three-bedroom apartments, and 20 four-bedders. There will be 233 resident parking spaces across the four basement levels of parking, and 32 bicycle spaces.&nbsp;

The apartments hav been designed to&nbsp;have a large balcony that is well connected to the living space.

"The tower has a front yard and backyard conceptual overlay which allows each unit to feel like a bespoke home," Rothelowman's report continued.

<img alt="Rothelowman Cbus Spring Hill" data-entity-type="file" data-entity-uuid="a356ac40-eaba-411c-9445-a9f1112bc4bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-05%20at%209.33.19%20am.png?VersionId=ufSv.aeNQz8tcmJx0yfZ4S1t0k6md4c9" />

"The balconies align up the tower as the mix changes to ensure architectural integrity is maintained."

There are a number of sky terraces which occupy the top of the southern tower form. They feature expansive backyards with trees and private pools.

The resident amenity will be located on the second level and is designed as a "natural Queensland escape". Dubbed "The Conservatory", residents will have access to a jungle gym, lap pool, kids play baths, magnesium baths, a sunbathing area, numerous alfresco areas, a gym with sauna, and a private dining room.

<img alt="Rothelowman Cbus Spring Hill" data-entity-type="file" data-entity-uuid="87e6e42b-e7d9-4b7f-957f-1ff850c05828" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-05%20at%209.32.56%20am.png?VersionId=8y_efCWg.419TbnXuH5mXqYFU4KGyWVF" />

"The resident recreation amenity is considered an extension of the new subtropical Queensland apartment and offers prospective residents a sophisticated level of luxury only previously found in the single detached dwelling," Rothelowman added.

"185 Wharf Street will establish the Spring Hill Neighbourhood precinct as a re-imagined subtropical inner-city residential enclave at the doorstep of Australia’s New World City – Brisbane."

Cbus secured the 1,835 sqm site in 2015, paying $14.6 million for the block. At the time it had approval for 141 apartments across 15 levels.&nbsp;

<h2>Project Snapshot</h2>

<ul>
	<li>30-level tower</li>
	<li>125 units</li>
	<li>60 x two-bed, 45 x three-bed, 20 x four-bed apartments</li>
	<li>233 resident parking spaces</li>
	<li>32 resident bicycle spaces</li>
	<li>Level two amenity with&nbsp;jungle gym, lap pool, kids play baths, magnesium baths, a sunbathing area, numerous alfresco areas, a gym with sauna, and a private dining room.</li>
	<li>EV charging</li>
	<li>Rainwater harvesting</li>
	<li>PV panels</li>
</ul>

Cbus secured the 1,835 sqm site in 2015, paying $14.6 million for the block. At the time it had approval for 141 apartments across 15 levels

Cbus Property propose sustainable, Rothelowman-designed Brisbane apartment development

Local Brisbane property developers, Grace Civil and Development, has lodged plans for a 25-level residential tower in Brisbane&rsquo;s Spring Hill.

A two-storey office building at 157-163&nbsp;Leichhardt&nbsp;Street, a 1447 sqm site, will make way for the project, which will have a three-level basement, three-level podium,&nbsp;112 apartments,&nbsp;and a rooftop terrace.

There will be a mix of&nbsp;16 one-bedroom, 84 two-bedroom and 12 three-bedroom apartments in the tower, which will be made up of stonewall features, rendered masonry and glass balustrades. Aluminium screening will be in place for privacy and amenity on the eastern and western facades of the tower. &nbsp;Levels four to 19 will provide six apartments each, with levels 20 to 23 providing four larger apartments.

The rooftop terrace features a communal open space area with a pool, spa, tables and seating, yoga lawn and barbecues, all in a densely landscaped setting with engineered planting by Taylors Urban Development.

The three basement levels and two of the podium levels will have up to 146 car parking spaces and 10 motorbike spaces, in addition to bicycle parking.&nbsp;

Level three&nbsp;of the podium also provides further building amenity, including a gym and medical room.

The arcade walkway is a primary feature of the development, comprising dense landscaping elements to create an outdoor, suburban like pathway setting, as well as pedestrian access from Leichhardt Street. The arcade walkway also provides access to the foyer of the upper level residences of the site.

According to planning documents, the residential tower will be the tallest built form on the block, at the maximum height allowable in the Spring Hill Neighbourhood Plan.&nbsp;

&ldquo;The proposed development presents a high-quality architecturally designed high-rise development that presents a significant improvement to the streetscape in place of the current building onsite,&rdquo; the assessment report said.

&ldquo;It&nbsp;is sympathetic to surrounding development and delivers an ideal outcome for inner-city apartment living within the Brisbane CBD.&rdquo;

The development lies within proximity to a range of transport links, including three bus stops all within 150 metres and Roma Train Station 700 metres from the site.

There were two pre-lodgement meetings held with the local council before the application submission.

157-163 Leichardt Street comprises a three-level basement, three-level podium at street level, along with 112 apartments and a rooftop terrace. 

alisonwarters@gmail.com

Brisbane developers lodge plans for 25-storey residential tower in Spring Hill

<html><body>
Spring Hill, an inner suburb of Brisbane, has witnessed a 3.2 percent increase in its median house price since 2014, according to realestate.com.au.  
Buyers who bought in this area early at the median price of $891,500 in 2014 now own a house with a median price of $920,000. 
<table border="0"><tbody>
<tr>
<td>Median house price 2014</td>
<td>Median house price 2019</td>
<td>Price difference</td>
<td> </td>
</tr>
<tr>
<td> $891,500</td>
<td> $920,000</td>
<td> $28,500</td>
<td> </td>
</tr>
</tbody></table>
However, the suburb's median unit price dropped from $421,250 to $397,500 from 2014 to 2019.
<table border="0"><tbody>
<tr>
<td>Median unit price 2014</td>
<td>Median unit price 2019</td>
<td>Price difference</td>
<td> </td>
</tr>
<tr>
<td> $421,250</td>
<td> $397,500</td>
<td> -$23,750</td>
<td> </td>
</tr>
</tbody></table>
For those who didn’t buy in Spring Hill five years ago, should they buy in Spring Hill now?
It is important to check the median price regularly to ensure you are not missing the best opportunity of buying a new home.
To learn all you need to know about Spring Hill, from median asking rents to average hold period, <a href="/developments/spring-hill-qld-4000">click here</a>. 
According to Microburbs, Spring Hill is an 9/10, with 10/10 in its convenience score and 9/10 in its family score. 
 
 
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j.ballantyne1990-6AQqhLzZaK

What if you bought in Spring Hill five years ago?

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A tenanted strata office in Spring Hill, Brisbane has been snapped up by a private Sydney based investor for $5 million.
The sale of 170 Leichhardt Street makes it the biggest settled strata transaction so far this year in the Queensland capital. 
The 1,374 square metre office space on level two is tenanted by Imagine Education Australia for a seven-year term with a three-year option.
The offering also includes 22 square metre balcony area and nine car parks.
It was marketed via an expression of interest campaign by Sam Biggins and Tony Wang from Colliers International.
“This was the first commercial property acquisition for the high net worth Sydney-based investor who works in the finance sector,” said Biggins.  
“With current record low interest rates and decreasing vacancy rates in the Brisbane office sector, we are continuing to see interstate investors looking to Brisbane, attracted by the yield differential and growth prospects over the southern markets.”
Colliers International has transacted eight strata offices so far this year across the CBD and metro Brisbane.
The properties range from $500,000 to $5 million, averaging at $3,851 per square metre and an average yield of 7.88%.  
“Long term investors are backing the strata market, but sales to owner occupiers are also on the rise as the leasing market continues to improve in combination with record low interest rates,” said Wang.
“Strata office sales within the golden triangle precinct have performed very well. Within 97 Creek Street Colliers International’s Strata team have sold four offices so far this year ranging from 63 square metres up to a full floor of 638 square metres. One of the office investments had achieved a record 6.2% yield.”
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Spring Hill tenanted strata office sold for $5 million

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The Brisbane bold home with rich history, Avondale, has been listed for sale by Sam Mayes and Zac Tully from Ray White.
It is built in 1912 by William Francis Corbett, a lawyer from Toorak Road in Hamilton, who also owned the Carlton Hotel in Queen Street. 
<a href="https://www.realestate.com.au/property-house-qld-spring+hill-127707942" target="_blank">Avondale</a> has enjoyed a rich history serving as a boarding house in the 1950s before becoming home to a well-known journalist and then a prominent Brisbane builder, who completed significant expansions in the 1980s.
It last sold in 2012 at $2.5 million.
<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/2018/3/29/SPRING%20HILL%202.jpg" alt="">
<a href="https://www.realestate.com.au/property-house-qld-spring+hill-127707942" target="_blank">Positioned at 26 Thornbury St</a>, the house comes with six bedrooms, three bathrooms and multiple living spaces.
The kitchen was completely renovated and the original kitchen fireplace now houses a pair of V-Zug ovens.
Renovated in 2006, the light fittings, wiring, security system and air-conditioning were all upgraded.
<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/2018/3/29/SPRING%20HILL%203.jpg" alt="">
Extra features include double-hung, full-length sash windows, pressed metal ceilings, and two working fireplaces with marble surrounds.
It is close to Schools, shops and public transport. 
<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/2018/3/29/SPRING%20HILL%204.jpg" alt="">
<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/2018/3/29/SPRING%20HILL%205.jpg" alt="">
The gentleman's residence was built in 1912 by William Francis Corbett, a lawyer from Toorak Road in Hamilton, who also owned the Carlton Hotel in Queen Street.  Corbett lived in the home on his own until his death in 1937. His initials remain on the decorative detail in the hallway.
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jonathanchancellor-7SQnKwU6yx

Avondale, Spring Hill historical trophy home listed for sale 

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Global real estate investment manager Cromwell Funds Management has purchased 433 Boundary Street in Spring Hill.
It provides unitholders of the Cromwell Direct Property Fund (DPF) exposure to the booming higher education market in Brisbane.
The major tenant, International Education Services (IES), works in partnership with organisations such as the University of Queensland to offer educational services for international students and education professionals.   Acquired for $42 million with a 6.7 per cent yield, the refurbished 6,000sqm building is fully leased.
It comes with a weighted average lease expiry (WALE) of approximately 12 years.    Hamish Wehl, Head of Retail Funds Management at Cromwell, said the Boundary Street investment was set to be a compelling addition to the DPF portfolio.   “The education sector is growing substantially and is Australia’s third largest export behind iron ore and coal.  
"IES, as a global leader in education services, is well positioned to benefit from the influx of international students coming to Australia,” Mr Wehl said. “With the Brisbane City Council’s clear agenda to continually attract more students to the city, combined with their vision to rejuvenate the Spring Hill precinct, Boundary Street will add long-term value and diversification to the Fund.”
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Cromwell spends $42 million on Brisbane tertiary education offering 

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A three bedroom Spring Hill apartment has been listed for sale.
Located at <a href="https://www.realestate.com.au/property-apartment-qld-spring+hill-126148658" target="_blank">1601/477 Boundary Street</a>, the property sits above Brisbane’s hotel ‘The Johnson’.
It features 316 sqm of open plan living with views of Brisbane’s city skyline and surrounds.
There are three bedrooms all with their own built-in robes and ensuites while the gourmet kitchen has a butler’s pantry and European appliances.
The property also has a 50 metre pool designed by Michael Klim alongside an expansive sundeck as well as a pavilion and gym.
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Other features includes a triple car basement car park as well as a priority lift to the apartment.
The property is within walking distance to Brisbane’s best restaurants, cafes, bars, shops and public transport.
The property is offered through Ray White agents Sam Mayes and Matt Lancashire.
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Spring Hill penthouse apartment listed for sale

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A turn-of-the-century Spring Hill house has sold for $1.1 million.
Located at <a href="https://www.realestate.com.au/sold/property-house-qld-spring+hill-125549698" target="_blank">20 Gloucester Street</a>, the 205 sqm property was built in 1880, one of the areas’ most desirable properties.
It last sold in 2011 for $1.05 million.
Renovation of the building was conducted several years ago.
It features three bedrooms and a bathroom on the ground level.
A living area, kitchenette and built-in laundry are also available on this level.
The area can also be closed off and accessed via a side entry making it ideal for a home business.
The rear of the property features timber decking along with a storage shed and astro turf area for pets.
Upstairs is the kitchen with French Industrial design such as an antique mirrored wall, granite benchtops and butler’s pantry.
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A living area combines the dining and powder room with views of the city.
The master bedroom is also on this level and runs across the front of the house and it has its own ensuite, separate walk-in robes and views of the city and surrounding landscape.
Other features includes two residents’ car parks along with two four hour visitors parking.
The property is a kilometre from the CBD and is within walking distance to restaurants and cafes.
The property was offered through Place agent Jody Green.
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Turn-of-the-century Spring Hill house sold for $1.1 million

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A four bedroom house at Spring Hill has been sold for $1.452 million making it Brisbane’s most expensive weekend auction sale.
Located at <a href="https://www.realestate.com.au/property-house-qld-spring+hill-125367634" target="_blank">429 Gregory Terrace</a>, the property had only been offered twice and has recently been renovated.
It was last sold in 2011 for $1.45 million.
Main level features the living areas and kitchen with pantry as well as main lounge and dining area that leads to the garden.
Upstairs is the bathroom with separate bath and shower as well as three large bedrooms, two featuring walk-in robes while the third has a built-in robe, as well as views.
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Lower level has the fourth bedroom/study as well as renovated bathroom and double garage.
The CBD is only minutes away and it is in close proximity to shops and cafes.
The property was offered through Ray White agents Sam Mayes and Zac Tully.
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