Gold Coast developer&nbsp;<a href="https://www.apartments.com.au/developers/big-projects">Big Projects</a> has secured approval for its second Mermaid Beach project.

The developer, currently selling <a href="https://www.apartments.com.au/new-apartments/the-frederick-mermaid-beach-2265-gold-coast-highway-mermaid-beach-qld-4218">The Frederick in Nobby Beach</a>, has secured approval for its next project just 1.5 kilomnetres up the road.

The new development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/glenelg-residences-2462-2472-gold-coast-highway-mermaid-beach-qld-4218">Glenelg Residences</a>, has been designed by BDA Architecture and&nbsp;will have just under 100 apartments across an 11-storey building&nbsp;at 2462–2472 Gold Coast Highway, on the corner of Glenelg Avenue just under 300m from the future Mermaid Beach Light Rail stop.

The apartments, a mix of two- and three-bedrooms, will sit above a retail-focused ground plane and under extensive rooftop resident amenities.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-06-11%20at%209.55.04%20am.png?VersionId=z6NV4izeuvhBSSVlY6vK6TPO1LxrFeaG" />

BDA said in its planning submission that the project is intended to support the area’s transition toward higher-density, mixed-use living. “This project offers the opportunity to generate appropriate higher-intensity development within the future Light Rail corridor of <a href="https://www.apartments.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a>,” the submission noted.

At ground level, Glenelg Residences will include eight retail tenancies designed to activate the street frontage, complemented by a basement bar offering an additional hospitality element. Above, residents will have access to a rooftop amenity deck featuring an infinity pool, hot and cold plunge spas, day beds, and barbecue facilities.

The architectural approach adopts a restrained material palette of brick, textured concrete, and integrated landscaping, with cantilevered concrete frames and cascading planting intended to soften the built form. BDA described the design as aiming to create “a memorable sculptural mid-rise mixed-use building” that responds to both its coastal setting and urban context.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.55.45%20am.png?VersionId=cpjIVBqcT_sujmo2UMWkVyLcQ7WGJHaQ" />

The approval comes as the City of Gold Coast continues to plan for significant population growth, with regional targets requiring more than 100,000 new high-density dwellings by 2046.

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Big Projects, led by Matthew and John Barrett, is part of a growing cohort of developers that deliver construction in-house, providing a high level of confidence to prospective purchasers.
</section>

[smartcode_project_cta:default project_id=150260]

Joel Robinson

Big Projects secures approval for Glenelg Residences in Mermaid Beach

Sherpa Group is ramping up its investment in the southern Gold Coast by lodging a development application for <a href="https://www.apartments.com.au/new-apartments/flourish-viver-87-griffith-street-coolangatta-qld-4225">Flourish Viveré</a>, a new $350 million project in Coolangatta.

The move comes after the group’s $27 million acquisition of the 2,029 sqm site on the corner of Griffith and Warner Street, last year.

They will develop 194 apartments across a 26-storey tower, which will become Sherpa’s largest project to date.

Viveré will be the next chapter in the Flourish story, following closely behind Amargo, Oasis, and the Avenues in Palm Beach, as well as Symphony in Brisbane, all designed to deliver affordable housing in lifestyle-rich locations, giving locals a real chance to secure a residence close to the beachfront.

The HAL Architect-designed project will offer a diverse range of residences, from one-, two, and three- bedroom apartments to the premium Canopy range to luxury penthouses.

<img alt="Vivere" data-entity-type="file" data-entity-uuid="c85f5a7e-a22f-4745-8def-400adb3c0b35" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.43%E2%80%AFAM.png?VersionId=OY.chur3BPExn1exQ2q8clHqWnW_CaBi" />

“The Gold Coast is undergoing a period of immense growth, with more people drawn to the incredible 
lifestyle that’s available, leading to strong growth in property prices,” said Christie Leet, founder of Sherpa 
Group.

“Our goal at Sherpa is to ensure locals are not priced out of the market in prime locations, which is why we 
created the Flourish collection.

“Flourish Vivere will form the next chapter in our portfolio, and we are so excited to be lodging the DA, marking our first project in Coolangatta.”

A signature of the Flourish developments is the communal rooftop. Flourish Vivere will showcase a private resident’s lounge, outdoor dining with barbecues and pizza ovens, heated pool, fully-equipped gym, and a wellness centre with sauna and steam room.

<img alt="Vivere" data-entity-type="file" data-entity-uuid="c09372cc-aae6-4458-af2e-f291bd19a5e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-15%20at%209.53.49%E2%80%AFAM.png?VersionId=Sc_RLXl5jiff.tnadogXjQJ_WIpDjf3p" />

The project is strategically located to offer a walkable lifestyle, with the Strand shopping centre, cafes, restaurants, shops and the beach, all just a short stroll away.

“We have meticulously planned Vivere to build on the Flourish legacy, creating a truly special project,”&nbsp;Leet added.

“Wellness, lifestyle and community are at the forefront of every decision we make, and that has not 
changed for Vivere.”

With the DA now lodged with the Gold Coast City Council, Sherpa has moved quickly to secure LPS Group as the builder, offering buyers a level of certainty that is rarely seen in today’s market.

Sherpa has delivered 16 residential projects over the past seven years with a pipeline of $1 billion, with more under construction.

Sherpa takes Flourish brand to Coolangatta, lays plans for Flourish Vivere 

S&amp;S Projects is boosting its investment at Rainbow Bay to more than $1 billion after the prolific Gold Coast developer acquired a new site for $20.25 million and immediately laid plans for a new luxury apartment project in the sought-after precinct.

The site, which is the company’s fifth acquisition at Rainbow Bay in the past four years, will be home to the company’s largest project to date after delivering 3 sold-out projects and construction progresses on Radia worth a combined $215m. 
S&amp;S Projects is currently finalising plans for its latest strategic acquisition, a 1,518 sqm site located 209-213 Boundary Street in Coolangatta, with a development application expected to be lodged within weeks.

The luxury residential development will build on the company’s highly successful projects at Rainbow Bay, comprising Flow, Awaken, Esprit and Radia, with Radia currently under construction by Hutchinson Builders.

“We have been unflinching in our commitment to Rainbow Bay and the transformation we have helped drive in this incredible part of the Gold Coast, which is among the city’s most desirable residential locations,” said S&amp;S Projects founder and director Paul Gedoun.

“Our fifth project will reflect the best of what we have done so far to create a lifestyle precinct that is second to none.”

The latest development, which has yet to be named, is proposed to accommodate 88 luxury apartments in a design that will immerse residents in a unique wellness lifestyle that expands on the legacy of S&amp;S Project’s earlier developments at Rainbow Bay.

The development will feature an expansive rooftop garden and wellness centre with a resort- style pool, among a host of lifestyle amenities planned for residents.

“Rainbow Bay, with its beautiful, protected beach and alongside one of the world’s best surf breaks at Snapper Rocks, is the natural wellness heartland of the Gold Coast,” said Gedoun.

“We are taking every advantage to create a truly unique rooftop wellness experience with a natural feel for residents, offering stone features throughout and an underlying theme that emulates a botanical garden.”

The latest acquisition comes as S&amp;S Projects is at the completion of Esprit and construction continues on Radia, which are part of their significant portfolio undertaken by the company at Rainbow Bay since 2022.

The $215 million Radia, which comprises 38 apartments, is currently the flagship development by S&amp;S Projects at Rainbow Bay which is expected to be completed in 2027.

Jayde Pezet, of Pezet Matheson, which has managed sales and marketing for S&amp;S Projects across their Gold Coast portfolio, emphasised the developer’s commitment to continuous improvement and excellence.

“S&amp;S Projects continue to elevate the benchmark of luxury with each development," Pezet said.

“We have worked with S&amp;amp;S on their 4 other projects in Rainbow Bay and their approach reflects a team that is constantly learning, refining, and pushing the standard higher.

“Their hyper-local knowledge and deep expertise within the luxury property sector are what truly set them apart, allowing them to deliver projects that feel both globally sophisticated and authentically connected to their coastal environment”

S&amp;S Projects plans to officially launch its latest project at Rainbow Bay in the second half of this year.

“As we embark on our largest project yet, we have pulled out all stops to create another landmark development that truly reflects the relaxed southern Gold Coast lifestyle,” Gedoun added.

S&S buys $20m Rainbow Bay site for fifth beachside apartment project

Japandi, an emerging design trend that combines Scandinavian functionality with Japanese rustic minimalism, remains relatively untested in Australia’s residential development market.

As developers look to differentiate their projects and offer something distinct to buyers, Brisbane-based developer Lantona has embraced the hybrid style for its recently launched Toowong apartment project, <a href="https://www.apartments.com.au/new-apartments/koya-residences-6-josling-street-toowong-qld-4066">Koya Residences</a>, with early response to the design proving positive.

Lantona entrusted Red Door Architecture and interiors practice Luma Design Co with delivering the Japandi brief. The approach blends Japanese minimalism with Scandinavian functionality, emphasising warm, restrained interiors, natural materials and clean lines. Drawing on the Japanese concept of wabi-sabi (beauty in imperfection) and the Scandinavian principle of hygge (comfort and cosiness), it creates serene, uncluttered and sustainable living environments.

These design principles are expressed throughout the Josling Street development, both in its exterior form and across the 40 one-, two- and three-bedroom residences within.

[smartcode_project:default project_id=150787 project_image_fid=366229]

Koya reflects a deliberately scaled approach, with the five-storey form designed to align with the surrounding residential streetscape rather than dominate it.

“Koya is conceived as a building that sits comfortably within its surroundings. Every decision, from material selection to spatial planning, has been guided by long-term liveability and enduring relevance,” the developer said.

[smartcode_project:default project_id=150787 project_image_fid=366243]

Positioned within an established inner-west neighbourhood, the development sits near riverfront parklands and the Bicentennial Bikeway, while remaining within walking distance of Toowong Village and multiple public transport options connecting to the CBD, St Lucia and West End.

Lantona said the location was central to the project’s conception, pointing to Toowong’s balance of green space, transport access and proximity to major education institutions.

“<a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> combines river access, walkability, immediate CBD connection and a strong educational presence. That balance made it the obvious setting for Koya.”

[smartcode_project:default project_id=150787 project_image_fid=366230]

Communal amenity is concentrated on the rooftop, where a shared retreat will include a pool, dining areas and outdoor spaces oriented towards neighbourhood and city views. The design allows for both private use and small gatherings, extending the living environment beyond individual apartments.

Koya enters the market at a time when smaller-scale developments are becoming less common in established suburbs, with many recent projects in the suburb shooting for the sky.

In a nod of confidence,&nbsp;<a href="https://www.apartments.com.au/builders/brisbane-builders">Brisbane Builders</a>&nbsp;has already commenced construction on the building, which is slated for completion in early 2027. Keenan &amp; Byrne is marketing Koya.

[smartcode_project_cta:default project_id=150787]

Japandi-inspired Koya Residences launch in Toowong

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A completed Castle Hill apartment development is returning to market with an uncommon level of financial backing, positioning it as one of the more secure options for buyers in Sydney’s north-west.

Skyview in Castle Hill, originally developed by Top Place and now overseen by capital partner <a href="https://www.apartments.com.au/developers/equitifund-group">Equitifund</a>, is being relaunched following a full remediation process. Central to its repositioning is a substantial financial reserve designed to provide ongoing protection and reduce uncertainty for incoming purchasers.

At the core of this offering is an $11 million bond secured during the project’s remediation phase, negotiated by former NSW Building Commissioner David Chandler. With less than $4 million required to complete the works, approximately $7.2 million remains in reserve, with around 15 years left on the term.

[smartcode_project:default project_id=147685 project_image_fid=359134]

Rather than a typical insurance-backed structure, the remaining funds are held as cash, creating a readily accessible financial buffer should any future building issues arise. The structure is intended to provide buyers with an added layer of certainty, differentiating the development from more conventional apartment offerings.

Equitifund Executive Chairman Greg Huxley said the structure provides a level of security not typically seen in apartment developments.

“The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers,” Huxley said.

“Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind.”

[smartcode_project:default project_id=147685 project_image_fid=359135]

The remediation process has now been completed in full, with no active rectification orders or outstanding directives linked to the project on NSW Government registers. This outcome reflects the broader tightening of building oversight across the state, while also highlighting the project’s transition into a completed, compliant asset.

In a market where many buyers remain cautious about apartment quality, initiatives like this are designed to restore confidence, giving purchasers greater certainty and a stronger sense of security in their investment.

Equitifund has since acquired the remaining apartments and is managing their reintroduction to the market. With the works finalised and a significant financial reserve in place, the project now presents with a markedly different risk profile compared to its initial release.

[smartcode_project:default project_id=147685 project_image_fid=359137]

Beyond the added security, the development is positioned in one of Castle Hill’s more established pockets. The Gay Street address places it within close proximity to Castle Towers, one of the country’s largest retail centres, as well as Castle Hill Metro Station, which now connects directly to the broader Sydney Metro network.

Equitifund National Sales Director Ben Hamblett said buyer demand in the area continues to be driven by access to transport and amenity.

“Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre,” Hamblett said.

“There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living.”

[smartcode_project:default project_id=147685 project_image_fid=359145]

The apartments also enter the market at a relatively accessible price point for the area, with two-bedroom configurations starting from $995,000 and rental demand for similar stock reaching around $900 per week. This combination of pricing, connectivity, and completed status is expected to appeal to both owner-occupiers and investors seeking lower-risk entry into the Hills District apartment market.

For eligible buyers, a limited 3.50 per cent p.a. two-year fixed interest rate is currently available through Equitifund’s lending partners, providing an additional layer of affordability.

EquitiCredit Pty Ltd ACN 676 363 769 holds ACL 559289 and provides credit assistance. Finance is arranged through EquitiCredit and funded by its lending partners. Interest rates are subject to change and eligibility criteria apply. Terms, conditions, fees and charges may apply. This is not financial advice and should not be relied upon as such. Prospective buyers should seek independent financial advice.

[smartcode_project_cta:default project_id=147685]
</section>

Castle Hill apartments offering unmatched buyer protection through dedicated fund

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. 
 
 
</body></html>

j.ballantyne1990-6AQqhLzZaK

What if you bought in Spring Hill five years ago?

<html><body>
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.”
</body></html>

Spring Hill tenanted strata office sold for $5 million

<html><body>
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.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/25/1601_477%20Boundary%20Street-2.jpg" alt="">
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.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/11/20%20Gloucester%20Street-2.jpg" alt="">
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.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/28/429%20Gregory%20Terrace-2.jpg" alt="">
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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