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.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

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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.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

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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.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

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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;

[smartcode_project_cta:default project_id=135546]

Inter-generational living drives demand for COMO’s dual key apartments as housing pressures reshape buyer priorities 

Builder-developer&nbsp;<a href="https://www.apartments.com.au/developers/ceerose">Ceerose</a> has doubled down on its Leichhardt ambitions, lodging its second State Significant Development Application (SSDA) in the suburb in the last six months.

Their newest proposal seeks to transform a former industrial precinct into a new residential community centred around the adaptive reuse of one of the site's heritage warehouse buildings.

The new project, on a 6,930 sqm block at&nbsp;<a href="https://www.apartments.com.au/new-apartments/40-76-william-street-leichhardt-nsw-2040">40–76 William Street</a>, will bring more than 200 apartments to a suburb that has seen little to no new supply in recent years. It follows Ceerose's late 2025 SSDA for a mixed-use apartment project on nearby Parramatta Road, signalling the developer's growing investment in Sydney's Inner West.

Ceerose Founder Edward Doueihi told Apartments.com.au the developer’s long-standing presence in Leichhardt and the Inner West had given it a strong understanding of how the area has evolved and where its future opportunities lie.

“Ceerose has had a long-standing presence in Leichhardt and the Inner West, giving us a unique understanding of the area’s evolution and future potential,” Doueihi said.

“Having delivered projects throughout the region, we have witnessed the suburb’s transformation first-hand and understand the opportunities for its continued growth.”

Doueihi said that understanding also informed the planning process, with a comprehensive Stakeholder Engagement Outcomes Report prepared before the application was lodged.

The report identified the key issues and concerns raised by neighbouring residents and other stakeholders, allowing those matters to be considered and incorporated into the design where appropriate.

He said the delivery of additional housing would also play an important role in supporting the revitalisation of Norton Street and the Italian Forum.

“By increasing the local residential population, the development is expected to strengthen demand for local businesses, encourage further investment, and help restore the vibrancy that made the precinct a thriving destination in the early 2000s.”

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="7258c54c-8167-479e-8361-2d5fca9915b4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010B%20-%20CGI%20-%20View%202.jpg?VersionId=S9DQfxu_jpcB5LrAEYFUbyMzg5odW6i5" />

Designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a>, the redevelopment would involve the demolition of four existing industrial buildings while retaining and adaptively reusing the site's most significant warehouse. The retained structure would anchor a new residential precinct comprising five interconnected buildings arranged around a large central landscaped courtyard, with heights stepping from five storeys along the surrounding residential streets to 11 storeys at the William Street corner.

According to the Architecture Design Report by Woods Bagot, the proposal "seeks to create a residential village centred around a generous green heart while celebrating the site's industrial heritage through the adaptive reuse of the existing warehouse building."

The development would comprise 203 apartments, with 188 proposed as build-to-sell residences, alongside 15 affordable housing apartments.

Rather than treating the retained warehouse as a standalone heritage object, Woods Bagot has sought to weave the site's industrial history throughout the masterplan. The proposal retains the north and west facades of the landmark corner warehouse, while new buildings reinterpret the site's brick-and-steel industrial language through their material palette and architectural expression.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="9e8c64c2-881b-49e1-8c90-6b6acaaa45b6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010C%20-%20CGI%20-%20View%203.jpg?VersionId=Qm8_8H_Xrg_sc4Mdjc59vlAcKF_5wRTb" />

The design is organised around what Woods Bagot describes as a "green heart", a landscaped communal open space that reinstates the leafy character removed when the site became an industrial storage facility. A new pedestrian laneway running through the site would improve permeability between William, North and Francis streets, linking residents through landscaped public spaces while activating the ground plane.

Residents would have access to communal gardens and shared recreation areas distributed throughout the development. Sustainability has also been prioritised, with the project targeting an average 7.9-star NatHERS rating. Proposed initiatives include rooftop solar generation, rainwater harvesting, passive solar design, naturally ventilated lobbies, extensive cross-ventilation and the reuse of existing building fabric to reduce embodied carbon.

The adaptive reuse strategy became a defining feature of the application after heritage investigations found only one of the site's industrial buildings could feasibly be retained. The Heritage Impact Statement concludes that preserving the key warehouse façades while referencing the site's industrial character throughout the new development provides an appropriate balance between renewal and conservation.

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="efffafdb-594f-4e2b-a067-921fd51c05e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010D%20-%20CGI%20-%20View%204.jpg?VersionId=DPmE4.k16YRt0i27hEZVtJAffarpvUfx" />

"Retention and adaptation of the site buildings has been explored but found not to be feasible except for the tallest building, whose street facades will be retained," the heritage report states.

"The proposed building will interpret the brick and steel character of the subject site, including reuse of some components and construction of a large 'sawtooth' structure in the proposed open space."

<img alt="First look: Ceerose returns to Leichhardt with 203-apartment adaptive reuse proposal at former warehouse site" data-entity-type="file" data-entity-uuid="3bfef2b5-83f5-40cd-9cab-767092f34266" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%2010E%20-%20CGI%20-%20View%205.jpg?VersionId=7asb3i_ql4ybbuJOUb5UHBEIy0Q9t.DF" />

The William Street site is located around 300 metres from Leichhardt North Light Rail station and a short walk to Norton Street's retail, dining and hospitality precinct. The surrounding area has increasingly become a focus for urban renewal given its proximity to public transport and the Parramatta Road corridor.

Doueihi founded Ceerose in 1998 and has grown the business to become one of Sydney's more active apartment developers in recent years, with completed projects including The Alex Collective in Alexandria, Abbie's Lane in Annandale, and the award-winning Munro House in Elizabeth Bay. They are currently delivering Belgravia, 17 luxury apartments in Potts Point.

First look: Ceerose doubles down in Leichhardt with adaptive reuse of former warehouse site

Sunshine Beach

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The stockpicker veteran Geoff Wilson has bought a holiday home in the Sunshine Beach.

The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has spent $6.5 million on one of the best street’s on Sunshine Beach.

It’s the same street Therese Rein spent a record $17 million on the home tennis legend Pat Rafter built. Karl Stefanovic spent $3.6 million on the street earlier this year, with nine sales on the street in 2020 ranging between $2.05 million and the big $17 million sale.

The home Wilson bought hadn’t traded for three decades, having last sold for $525,000 in 1990.

Set on 550 sqm, the absolute beachfront, with direct access to the sand, was described as Mediterranean in its marketing, with its plantation shutters, terracotta tiles, colonnaded entrance and slab hut gates.

The two level property has five bedrooms, including a master suite with a private balcony and an open-concept ensuite with a spa bath.

Century 21 Conolly Hay Group agents Mike Hay and Rachel Sellman secured the sale. It was listed for rent pre-Christmas at $3,200 a week, which would see Wilson net a 2.5 per cent yield.

Wilson is based in a Double Bay trophy bought for $10 million by his wife Karen Greer in 2010. He also owns a farm in Berrima.
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The Double Bay-based founder and executive chairman of the ASX-listed Wilson Asset Management has bought on one of the best street’s on Sunshine Beach.

Veteran stockpicker Geoff Wilson buys $6.5 million Sunshine Beach holiday home

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A Sunshine Beach, Noosa district holiday rental has reportedly secured $80,000 a week this Christmas, making it the most expensive known rental in the country.
Evgeny Skigin has leased <a href="https://domicnoosa.com" target="_blank">the uber-luxurious home, Domic</a>, which was built in 2019 into sand dunes on Seaview Terrace in Sunshine Beach.
Its reported build cost was $21 million, taking three years to construct on the block of land that cost $5.4 million in 2013.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-12-03%20at%2011.23.46%20am.png" alt="">
Niche Luxury Accommodation managing director Sue Willis told The Courier Mail the $12,570 a night listing had three bookings over the summer period, totalling 10 nights.
It’s understood one is a Sydney financier while another is a property developer from Melbourne.
The three-level, concrete domed building with 1400 sqm of living space is camouflaged under a green canopy, on almost 1ha of land on the edge of Noosa National Park with landscaping by James Birrell Design Lab.
There is a 25 metre pool, day spa, gymnasium, plus cinema room and a conference room.
The 71 Seaview Terrace home was designed by Brisbane architect Noel Robinson for Skigin, whose industrial hemp business is one of the leading providers of the usable fibre in the world.
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jchancellor-FAypfDUnLy

$24 million Noosa home, Domic secures $80,000 a week Christmas rental

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Having sold to the former Prime Minister Kevin Rudd and his wife Therese Rein, Queensland restaurateur David Hales and wife Louise have bought back big time into the Noosa market.
They scored $17 million on the Sunshine Coast (photo above) and instead recently bought two neighbouring properties on Noosa Sound's exclusive Mossman Court.
They paid $5 million and $7.25 million, taking their Noosa River holding to over 1,300 sqm.
The dearer of the homes was inspired by Ralph Lauren's Caribbean holiday home.
The couple still own 19 hectares on Lake Macdonald, in the Sunshine Coast hinterland.
The Hobart-born Hales, having departed last year the board of Betty's Burgers which he founded in 2014, recently acquired Tavern 42 Degrees South, a bar on the Hobart waterfront.
Meanwhile the Rudd-Rein power couple will be upgrading from nearby Castaways Beach where they have owned since paying $3.1 million in 2010.
Their new purchase last sold at $15.2 million when tennis legend Pat Rafter and his wife Lara quit the Sunshine Coast in early 2018.
The John Burgess-designed seven bedroom home was sold by the retired tennis champion Pat Rafter and his wife Lara who moved to their 28 hectare Byron Bay retreat.
The Rafters always wanted $18 million plus for the seven bedroom, five bathroom beachfront home which was built in 2010.
They paid $9.5 million in 2006 for the building block with rival tennis star Thomas Muster missing out of the 1286 sqm double block holding.
The minimalist luxury U-shaped home has a central pool with two glass-fronted wings pushing out towards the ocean over a steep banksia and pandanus-covered dune that drops down to the beach.
There's a path to the sand and the surf, some 136 kms north of Brisbane.
Rudd remains president of the New York-based Asia Society think tank, but the purchase has been advise as part of a move to repatriate capital to Australia.
Rein's wealth derives from employment services company Ingeus, which she sold in a deal worth up to $US206 million ($298 million) in 2014.
"We’ve made a conscious decision to bring our investments home to Australia," Ms Rein told the mainstream press.
"While Kevin was in office, we had to invest overseas to avoid conflicts of interest. We’ve now mostly brought those investments back home to Australia."
 
 
 
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jonathanchancellor-7SQnKwU6yx

Pat Rafter's former luxury trophy home resold at Sunshine Beach

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Former Prime Minister Kevin Rudd and his wife Therese Rein have emerged the $17 million buyer of the Sunshine Coast home of Queensland restaurateur David Hales and wife Louise.
The power couple will be upgrading from nearby.
The home last sold at $15.2 million when tennis legend Pat Rafter and his wife Lara quit the Sunshine Coast in early 2018.
Its latest sale come after being on the market since late last year when the home came with initial hopes of $20 million.
It had undergone a recent $1 million upgrade.
The John Burgess-designed seven bedroom home was sold by the retired tennis champion Pat Rafter and his wife Lara who moved to their 28 hectare Byron Bay retreat.
<a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-123425942" target="_blank">The Rafters always wanted $18 million plus</a> for the seven bedroom, five bathroom beachfront home which was built in 2010.
Rafter suggested it was what it had cost.
They paid $9.5 million in 2006 for the building block with rival tennis star Thomas Muster missing out of the 1286 sqm double block holding.
The minimalist luxury U-shaped home has a central pool with two glass-fronted wings pushing out towards the ocean over a steep banksia and pandanus-covered dune that drops down to the beach.
There's a path to the sand and the surf, some 136 kms north of Brisbane.
Rudd remains president of the New York-based Asia Society think tank, but the purchase has been advise as part of a move to repatriate capital to Australia.
Rein's wealth derives from employment services company Ingeus, which she sold in a deal worth up to $US206 million ($298 million) in 2014.
"We’ve made a conscious decision to bring our investments home to Australia," Ms Rein told the mainstream press.
"While Kevin was in office, we had to invest overseas to avoid conflicts of interest. We’ve now mostly brought those investments back home to Australia."
 
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Pat Rafter's former luxury trophy home resold at Sunshine Beach for $17 million to Kevin Rudd and Therese Rein

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Queensland restaurateur David Hales and wife Louise have secured $17 million for their house on Queensland's Sunshine Beach.
The couple made headlines when they paid $15.2 million for the Sunshine Coast home of tennis legend Pat Rafter in early 2018.
Its latest sale come after being on the market since late last year when the home came with initial hopes of $20 million.
Karen Harman of Dowling Neylan advised during the marketing it had undergone a $1 million upgrade.
The John Burgess-designed seven bedroom home was sold by the retired tennis champion Pat Rafter and his wife Lara who moved to their 28 hectare Byron Bay retreat.
<a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-123425942" target="_blank">The Rafters always wanted $18 million plus</a> for the seven bedroom, five bathroom beachfront home which was built in 2010.
Rafter suggested it was what it had cost.
They paid $9.5 million in 2006 for the building block with rival tennis star Thomas Muster missing out of the 1286 sqm double block holding.
The minimalist luxury U-shaped home has a central pool with two glass-fronted wings pushing out towards the ocean over a steep banksia and pandanus-covered dune that drops down to the beach.
There's a path to the sand and the surf, some 136 kms north of Brisbane.
 
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Pat Rafter's former luxury trophy home resold at Sunshine Beach for $17 million

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The former Sunshine Beach home of tennis legend Pat Rafter and wife Lara is back up for sale again with record hopes.

The home (above and below) broke the district record when it <a href="/news/restaurant-entrepreneurs-secure-pat-rafters-sunshine-coast-home">sold for $15.2 million just under two years ago</a> to Queensland restaurant entrepreneurs David and Louise Hales.

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The record <a href="/news/sunshine-coast-record-broken-twice-in-two-weeks">only stood for two weeks</a>, with a sprawling beachfront mansion on the nearby Webb Road selling for $18 million.

Now the Hales family, who have recently spent $5.67 million on a Noosa Sound waterfront given their boating interests, have listed the former Rafter home with $20 million hopes after making a number of improvements.

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The John Burgess-designed home which is built in a H-shape around a central swimming pool has seven bedrooms and five bathrooms.

Tom Offermann Real Estate agents Tom Offermann and Eric Seetoo, who sold the home last time, are marketing it again.

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David was the co-founder of the Betty’s Burgers &amp; Concrete Co, which he established on Noosa’s Hastings Street in 2014 and then expanded to nine outlets.  

David sold Betty's Burgers to Retail Zoo.

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The Hales family will only be in their Noosa Sound waterfront for a short while. They've recently settled on a knockdown rebuild on a double block on Mossman Court.

The Rafter's now live at a <a href="/news/tennis-champion-pat-rafter-gets-approval-for-byron-build">38 hectare estate in the Byron Bay hinterland</a>.
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Former Sunshine Coast home of tennis legend Pat Rafter set for record sale

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Sam and Kerri-Ann Charlton, the owners of the luxury Whitsundays island escape Bedarra Island Resort, are selling Pavilions, their Sunshine Beach home.
The Gabriel Poole-designed home once belonged to tennis legend Pat Rafter. Having paid $2.18m in 2003, Rafter sold eight years later for $2.25m.
The home then went backwards in 2013, when bought for $2.1m by the Charltons.
The two-level property on 920sq m at the northern end of Sunrise Beach has four bedrooms and two bathrooms.
The most impressive feature is the lap pool and bathing pavilion in the tropical gardens.
Mike Hay and Rachel Sellman at Century 21 have the listing. Sam and Kerri-Ann bought Bedarra Island Resort in 2011.
They have spent 18 months rebuilding and reopened the resort as an all-inclusive barefoot luxury retreat.
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Bedarra Island owners Sam and Kerri-Ann Charlton list Sunshine Beach home Pavilions

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The Dolphin Backpackers hostel in Noosa's Sunshine Beach is for sale.
Set on an 1839 square metres site the property is host to 24 bedrooms, 18 bathrooms plus 15 kitchen and communal areas.
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The current owners' abode is described as "bright and welcoming with room for a family to spread out and relax".
There's a modern kitchen with open-plan living that spills out to covered alfresco areas.
The hostel also featured tropical gardens, which surround the property and a resort-style pool.
Situated at <a href="https://www.realestate.com.au/property-house-qld-sunshine+beach-130163690" target="_blank">14-16 Duke Street</a>, it is close to the beach and bustling Duke Street cafes and shops.
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Dolphin Backpackers hostel in Noosa's Sunshine Beach for sale

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Sonya and David Evans, the former Bombers chairman, are tipped to emerge the $14 million buyers on Sunshine Beach, just outside of Noosa.

The beachfront house sold on the very first inspection just prior to hitting the market through Tom Offermann and Nic Hunter at Tom Offermann Real Estate.

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The couple are based at Woodfield, an 1880s Hawthorn residence they've called home since paying $6,435,000 in 2010.

Their new weekender comes with 41 metres of ocean frontage on its 1,260 sqm parcel.

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It has five bedrooms, six bathrooms and a 23 metre swimming pool.

The Evans family sold their Little Cove house for $11.2 million in early 2018, after paying only half that just three years earlier.

Recently Singapore-based Equis Energy chief executive David Russell emerged on settlement as the buyer of <a href="/news/sunshine-coast-record-broken-twice-in-two-weeks">Noosa's most expensive home</a>, which he purchased through his company this year for $18 million.

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Former Bomber chairman David Evans buys $14 million Sunshine Beach home 

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The Sunshine Coast has seen its residential house price record broken twice in the last two weeks, with two beachfront properties fetching eye-watering figures for the locality.
First the Seaview Terrace home of Byron Bay-bound tennis champion Pat Rafter sold after having consistent $18 million hopes since its initial listing last August.
The John Burgess designed seven bedroom, five bathroom beachfront home was built in 2010 after Rafter paid $9.5 million in 2006.
Tom Offermann Real Estate agency, who sold the Rafter home, have just found a buyer for an absolute beachfront home nearby on Webb Road, which had $22 million price hopes (above and below)
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Only first listed eight weeks ago, the home on a sprawling 3,595 sqm has been completely transformed since it traded as Brinbara in 2013.
A back-to-bare renovation by multi-award winning international designer David Hicks has seen the design give a nostalgic nod to the Italian Riviera, with a wealth of terrazzo and ribbed lacquered timber. 
Much like a hotel, the atrium with staircase and chandelier take centre stage. There's domestic and commercial size kitchens and six ensuited bedrooms.
The hotel amenities continue throughout the grounds, with a tennis court and cabana, glass-fronted pool and a self-contained guest cottage.
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The home has a 44 metre beach frontage plus bounded on another side by a nature reserve.
Nic Hunter, the agent handling the marketing, said a beachhouse in the front row with nothing but the sea in front is the ultimate prize.
He sold the home with Tom Offermann, who sold the home over three decades ago.
“I’ve sold this property three times,” Offermann said.
“In 1987 it was owned by a Londoner, an industrial chemist, who used the modest timber house for his annual holidays.
"He wanted $1m, later confessing he thought he’d set me an impossible challenge, especially as it was my first year in business.
"But he was surprised to say the least when I returned with a contract. He signed it and poured a celebratory beer glass full of Scotch whisky.  I’m not sure if it was the elation of the epic sale or the Scotch, but I remember feeling like I was walking on air as I left his house, contract in hand.
“The sale made news as the first Sunshine Coast property to hit the magic million mark and is still making headlines today, 31 years later. That’s understandable given Webb Road is very sought-after with four-only beachfront properties.”
The Rafter home, also sold by the Tom Offermann agency, was built in a U-shape with a central pool and two glass-fronted wings pushing out towards the ocean.
There's a path to the sand and the surf.
 
 
 
 
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