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.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

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

Joel Robinson

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

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Brisbane developer Red &amp; Co's decision to include dual key apartments in its debut Gold Coast apartment development, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO Varsity Lakes</a>, is proving to be one of the project's biggest drawcards, with buyers quickly snapping up the flexible residences.

More than half of the project's 36 dual key apartments have already sold, helping drive COMO beyond the 50 per cent sold mark within the first month of launch.

The strong response highlights growing demand for apartment designs that can adapt to changing lifestyles, with buyers increasingly looking for homes that accommodate multi-generational living, provide rental income opportunities or simply offer greater flexibility over time.

Located on the shores of Lake Orr, COMO will deliver 156 apartments across 16 levels, with the dual-key residences forming a limited release within the broader development.

Each combines a primary two-bedroom apartment with a fully self-contained studio on a single title, connected by a shared foyer and lockable internal door. The design allows owners to house ageing parents, adult children or guests while maintaining privacy, or lease the secondary residence to generate additional income.

Just 17 of the original 36 dual key apartments remain available.

[smartcode_project:default project_id=135546 project_image_fid=367096]

The innovative configuration combines two fully self-contained residences on a single title, typically comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.&nbsp;

The model is proving particularly attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363511]

<a href="https://www.apartments.com.au/project-marketer/npa">NPA</a>&nbsp;CEO Andrew Erwin said dual key living was resonating strongly with modern buyers because it delivered both financial flexibility and practical lifestyle benefits.&nbsp;

“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Erwin said.&nbsp;

“Dual key apartments provide a genuine solution for families who want to stay connected while maintaining independence. Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.

“Importantly, buyers are also recognising the financial advantages. It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363509]

Unlike traditional dual occupancy arrangements, the residences operate under a single title, meaning owners only incur one set of body corporate fees, council rates and holding costs.&nbsp;

The secondary residence can also evolve over time - functioning as guest accommodation, a home office, creative studio or private retreat before later becoming an income-producing asset.

<a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a>&nbsp;Director and Co-Founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.&nbsp;

“Securing more than half of COMO’s residences within such a short timeframe is an outstanding result and a clear endorsement of both the design and location,” Laverty said.&nbsp;

“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving enquiry.”&nbsp;

“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time. Flexibility has become one of the most important considerations for buyers in today’s market.”&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363515]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, COMO features a mix of one-, two- and three-bedroom residences with 2.7-metre ceilings and larger-format floorplans aimed at owner occupiers, downsizers and lifestyle-focused buyers.&nbsp;

The development will feature an extensive rooftop recreation and wellness offering including a 25-metre lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, wellness spaces and rooftop pickleball and paddleball courts.

The remaining dual key apartments range from 137 sqm to 167 sqm and include generous three-bedroom layouts with separate self-contained studio accommodation and dual parking.&nbsp;

Erwin said the dual key concept represented a broader shift in how Australians would live in the future.

“People want homes that can evolve with their lives,” he said.&nbsp;

“A dual key apartment can suit a family today, support an ageing parent tomorrow, and potentially generate income later on. That adaptability is becoming incredibly valuable in the current environment.”

Prices currently range from $2,115,750 to $2,583,000.&nbsp;

[smartcode_project_cta:default project_id=135546]

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

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

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

Weekender

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Some holiday home buyers are overlooking five key strategies which can turn their costly lifestyle investment into a money-making asset.

Australians invariably get caught up in the holiday romance of buying a ‘weekender’ and some will act on impulse while on vacation.

Often investors reason that by renting to holidaymakers when they aren’t using it, the asset’s maintenance and holding costs will be covered, but that’s rarely the case. Instead, holiday home buyers must seek maximum rental income and depreciation benefits to make the investment viable.

Most are buying emotionally and discover that higher-than-normal vacancies make their investment returns marginal at best. But smart investors know there are moves which can turn the numbers around.

Home property managers have five key rent boosters that also deliver great depreciation benefits.

There are a few things that boost your home’s appeal with holiday makers which not only maximise rental income, but also deliver excellent tax depreciation benefits. This means, come the end of the financial year, you’ll have more upside in your tax return thanks to your holiday home. 
 

1. Climate control

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_612232358.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="385" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_612232358.jpg?itok=Kj3zRE-n" width="580"></a>

Ensuring your holiday home is airconditioned is essential for attracting holiday makers. Vacationers will spend plenty of time relaxing at your short-stay, and they’ll want their comfort levels to be spot on.

Guaranteeing your home has split system air-conditioning and insulation not only helps improve the holiday experience for renters, but delivers tax benefits too.

The deductions available when you install a new split system represent 20 per cent of the cost of the asset within the first full year of claim. So, spending $3500 on a split system will equate to $700 worth of deductions in year one. 
 

2. Pet appeal

Holiday homes that are pet friendly command a premium, as pet owners look to take their ‘fur-babies’ on holiday which saves on the cost and stress of kennelling. But improvements which help create pet-friendly rentals also provide depreciation benefits.

Think boundary fencing, hardwood floors, pet proof landscaping. Even items such as an external doghouse can be depreciated. 
 

3. Outdoor entertaining

Holidays are built for family barbeques and lounging in a shady spot. The addition of a roofed outdoor relaxation and entertainment area will drive holiday makers to your home. They are also filled with depreciation opportunities such as ceiling fans, built in barbeques and benchtops.

For example, a relatively modest spend of around $4000 would both elevate your property’s rental earning potential, and deliver over $1000 in tax deductions in the first year after installation:

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-01-19_at_4.31.29_pm.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="192" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2021-01-19_at_4.31.29_pm.png?itok=gu0O4Lb4" width="580"></a>

4. Pools

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_254911351.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/shutterstock_254911351.jpg?itok=3rHjgwIo" width="580"></a>

Even when near a beachside holiday spot, there’s no denying the appeal of a pool when holidaying.

If you’ve been fortunate to buy a home with a pool, don’t forget to claim depreciation benefits on the fencing and filtration system. 
 

5. Wifi and entertainment

Providing unlimited Wifi has become pretty much mandatory for holiday homes.

Access to streaming services, scrolling through websites on local hotspots or checking in on updated weather alerts and surf conditions make web access a must. Simple elements such as supplying a television can improve your tax deductions.

For example, televisions have an eight-year effective life, so under the diminishing value method, a $2000 TV will provide $500 in deductions in the first full year of claim.

While depreciation rules for computer equipment are currently found within the commercial sections of the tax legislation, it’s likely that computer equipment will become a residential plant and equipment item in time. Either way, routers and range extenders will always attract deductions.
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Anyone who has impulse bought a holiday home over Christmas must get serious about making it profitable

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Five ways to turn holiday home investment duds into diamonds

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The Coogee-based comedian Tim Minchin and wife Sarah have bought themselves a weekender in Kangaroo Valley.
They've paid $1.08 million for the renovation project. 
The two storey brick and Colorbond home last sold for $30,000 in 1989.
<img src="https://www.urban.com.au/images/2020/9/28/Kangaroo%202.png" alt="">
Spanning two level, the home has four bedrooms, two bathrooms and a number of living areas and outdoor terraces.
There's a semi-cleared house paddock on the near five hectare block.
Raine &amp; Horne Berry agents Jacqueline Crapp and Luke Tancred secured the sale, initially seeking $1.25 million in March. 
 
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jrobinson-rf4aSBido9

Tim Minchin buys Kangaroo Valley weekender

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Neighbours star Olympia Valance, 27, and her AFL star boyfriend Thomas Bellchambers have purchased a cottage in country Victoria.
It is a two-bedroom Glenlyon home near Daylesford in Victoria, that was settled on Valentine's Day.  
They jointly purchased the six acres for $587,000.
<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/2020/4/22/Vallance%202.jpg" alt="">
The home was promoted as offering spectacular views of the district.
It was also offering its owners to experience ‘off grid’ living in style. 
Vallance has since listed her one bedroom apartment in Southbank, asking between $500,000 and $550,000.
 
 
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j.ballantyne1990-6AQqhLzZaK

Olympia Valance and Thomas Bellchambers buy Victorian weekender

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The vendors hoping for a Santa Claus rally in the ailing property auction market were mostly left disappointed after their weekend auctions.
Buyers traditionally tune out in the lead up to Christmas given all the distractions.
A few homes will be sold today, Christmas Eve, but most estate agents have headed off on their long holiday hibernation. 
Ofcourse some buyers will be back in the market keen for Boxing Day-style discounts from anxious vendors who've committed elsewhere and are desperate for a sale. 
The last minute pre-Christmas weekend auction offerings numbered just a dozen or so around most capitals, rather than the thousands that are regularly on offer most Saturdays of the year across the nation.
Estate agent Adam Docking recently suggested pre-Christmas listings were "a calculated risk."
“The weekend is usually very, very soft the Saturday before Christmas,” Mr Docking told News Ltd.
However the very last scheduled auction of 2018 found a buyer yesterday in Hampton Park, in Melbourne's outer south east.
There were 11 interested parties when the five bedroom late 1980s house at <a id="LPlnk816199" href="https://www.realestate.com.au/property-house-vic-hampton+park-130021094" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">3 Candlebark Close</a> sold under the hammer at the 2pm Sunday afternoon auction, just two days out from Christmas.
"A local first time buyer was the top bidder," said Elias Samili, the selling agent from Rexhepi Real Estate.
"The vendors got $13,000 over reserve," he added after the bidding kicked off at $470,000.
There was just a shortened three week auction campaign following its recent renovation.
The agent had previously told the Herald Sun that the auction date was set to suit their religious commitments, and an auction process had been selected to ensure there was an "unconditional sale this year."
Hampton Park median house prices finished off the year at $550,000, according to realestateview, having kicked off the year at $500,000.
Another first home buyer secured a $350,000 Belmont house (above) with big plans for a renovation since its currently unlivable.
The three-bedroom house at <a href="https://www.realestate.com.au/property-house-vic-belmont-130002634" target="_blank">5 Donald Street</a> was marketed as an opportunity to renovate or detonate by the McGrath Geelong agent Ricky Forte.
It had a $329,000 to $349,000 price guidance.
There was also a sale in Melbourne's Westmeadows when <a id="LPlnk256837" href="https://www.realestateview.com.au/real-estate/22-swan-avenue-westmeadows-vic/property-details-sold-residential-12269916/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">22 Swan Avenue</a> fetched $675,000 through Barry Plant Gladstone Park.
The price guide for the four bedroom, two bathroom house had been $610,000 to $650,000.
Another Saturday auction hopeful that sold was <a id="LPlnk160395" href="https://www.realestate.com.au/property-house-vic-roxburgh+park-130004822" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">4 Korab Place, Roxburgh Park</a>.
Set on a 580 sqm block, the house has an indicative price guide of $540,000 to $580,000.
It fetched $625,000.
The four bedroom two bathroom house was marketed as having a crescent driveway with room for seven vehicles.
It had been a $200,000 building project in 2010 after the block was bought six years earlier for $154,000.
<div>All up there was 32 percent success rate in Melbourne from around 200 offerings over the past week, mostly held mid-week.</div>
<div>
<div>Sydney had some 150 offerings over the past week which saw a fatigued 38 percent success rate in the final sales week.</div>
<div>There was a $925,000 Merrylands sale in Sydney.</div>
<div>
The three bedroom home at <a id="LPlnk378703" href="https://www.propertyobserver.com.au/https://www.realestate.com.au/130026390" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">1 Montrose Avenue sold through Starr Partners</a>, one of just a handful scheduled for Sydney weekend auction.
</div>
</div>
Queensland had an 11 percent success rate from the 95 auctions scheduled over the past week.
Canberra saw just 8 percent of its 30 listings find a buyer over the past week.
Adelaide was the most resilient with a 41 percent clearance rate from its 60 auctions over the past week, according to CoreLogic.
Its sales included <a id="LPlnk656681" href="https://www.realestate.com.au/property-house-sa-torrensville-130099886" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">15 Stephens Avenue, Torrensville</a>, a four bedroom house set on a generous sized 1100 sqm holding which sold for an undisclosed price.
The 1930’s Tudor home was marketed as likely to "respond well to renovations or subdivision subject to council consent."
Auction volumes will be negligible now until early February, excepting in coastal locations.
Agents have listed dozens of fresh beachside offerings with many set for late January auction, especially on the Australia Day weekend.
Everything from a <a id="LPlnk626147" href="https://www.realestateview.com.au/real-estate/boatshed-8-point-king-beach-portsea-vic/property-details-buy-residential-12313877/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">bathing box at Portsea</a>, with $450,000 to $495,000 hopes; a 37th floor <a id="LPlnk507917" href="https://www.realestateview.com.au/real-estate/3701-crown-towers-5-19-palm-avenu-surfers-paradise-qld/property-details-buy-residential-12318110/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Surfers Paradise sub-penthouse</a> to a vacant waterfront <a id="LPlnk931582" href="https://www.realestateview.com.au/real-estate/24-the-anchorage-noosa-waters-qld/property-details-buy-residential-12301542/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Noosa Waters building block</a>.
In Western Australia there's <a id="LPlnk382" href="https://www.realestateview.com.au/real-estate/38-lanyard-boulevard-geographe-wa/property-details-buy-residential-12276339/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">a Port Geographe waterfront 838 sqm vacant block </a>with direct access to Geographe Bay set for January 19 auction.
Some beach offerings have been snapped up as soon as they hit the market including a beach shack at Berrara on the NSW far south coast that was listed at $1.75 million
<a id="LPlnk810369" href="https://www.realestateview.com.au/real-estate/18-myrniong-grove-berrara-nsw/property-details-buy-residential-12319421/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">The home </a>that sits on a 1,138 sqm beachfront block quickly went under contract last week. 
The Ray White Surfers Paradise Group is gearing up for its annual auction program The Event, its flagship residential auction on Monday, January 28.
“The Australia Day long weekend will be the prime time for buyers as inquiries are traditionally up 60 per cent during January and we’re expecting next year to be no different," Ray White Surfers Paradise CEO Andrew Bell said.
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jchancellor-FAypfDUnLy

No Santa Claus rally for pre-Christmas auction vendor hopefuls

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The Channel Nine chief executive Hugh Marks has spent $4.075 million for a retreat in the Berry hinterland.
It comes as he is announced to lead the Nine-Fairfax merged media company which sees Nine own 51.1% and the weakened Fairfax at 48.9%. 
The family's Shoalhaven weekender is a contemporary, architect-designed residence at Broughton Vale.
Yeramba is set on 40 hectares with about half cleared for livestock.
Much of the rest is natural bushland with a permanent creek, waterfall and rock pools.
It was sold by former NEC and Hewlett-Packard boss Alan Hyde and his wife Joanne.
The marketing of the TDDP Architects-designed home indicated it was "developed on ecological and sustainable principles."
Nick Dale of Belle Property Berry secured the $4.075 million sale. 
The Berry district residential price record was set at $4.75 million last December when Bond University chancellor Annabelle Bennett and her husband <a href="/news/former-solicitor-general-of-australia-david-bennett-buys-berry-weekender">David Bennett, QC</a>, bought a 20-hectare retreat from a Macquarie Group executive.
Marks, who was appointed to Nine’s top job in late-2015, has been appointed as the next chief of the Nine Fairfax merged media entity under the chairmanship of Peter Costello.
Mark advised the merged "marks a truly momentous development for Nine’s future."
The existing Nine television and digital businesses, to be known as NEC will become the proprietor of the historic Fairfax mastheads as well as the new majority owner of Domain (60%) and the Macquarie Radio Network (54.5%). 
The transaction Nine will also move to 100% ownership of Stan.
His property purchase, without the precise price, was revealed last weekend by Fairfax Media.
He has been based in Artarmon where he bought his Californian bungalow for $765,000 in 1998.
Last year he spent $2,015,000 on a three-bedroom investment <a href="/news/channel-nine-boss-hugh-marks-buys-neutral-bay-pad">Neutral Bay</a> pad.
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firstname1-iYD4UYzvBa

Hugh Marks, the new Fairfax boss buys Berry weekender

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The Point Piper-based rag trader Stephen Leibowitz and his wife Pamela have bought the Palm Beach historic home Craig Rossie.
<a href="https://www.realestate.com.au/sold/property-house-nsw-palm+beach-127097158" target="_blank">They paid $6,025,000</a> for the Snapperman Beach weekender, some two years after its initial offering.
It was built in 1936 for grocery chain-owner Andrew Derrin, and bought by World War II fighter pilot-turned-author Paul Brickhill in 1960 following publication of his novel The Great Escape.
Following Brickhill’s divorce from model Margaret Slater in 1964, it sold for £23,900 to the late Emmanuel and Valda Georgouras.
They subdivided in 1987, carving off what is now Mana Moana next door for $1.66 million to the rag trader Gary Leonard.
Valda died in 2012, aged 91, and it was listed two years ago.
The 1150-square-metre property in the north-facing corner of the beach was recently offered through LJ Hooker agent David Edwards.
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Craig Rossie, Palm Beach weekender sold to Point Piper rag trader

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London based Macquarie infrastructure boss David Roseman and his wife Sue finally sold their Berry weekender.
It sold just days before Christmas having been listed for March auction when they were asking $4.75 million.
They had bought the 20-hectare Coomonderry Ridge hobby farm in 2011 for $1.18 million.
The two-storey residence with a separate guest house amid landscaped gardens fetched $4.75 million <a href="https://www.belleproperty.com/listings/488459/2-coomonderry-ridge-berry-nsw-2535/" target="_blank">through Gary Dale at Belle Property</a>.
Roseman was appointed to the merchant bank’s top infrastructure post in 2015.
The manor-style mansion he and his wife, former Macquarie executive-turn-interior designer Sue was built near Seven Mile Beach.
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Berry farm sold by Macquarie Group banker David Roseman

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<div>
<div>The Dow Chemicals chief Andrew Liveris sold his ’70s-style beach house at Whale Beach at weekend auction.</div>
<div> </div>
<div>It fetched $3.33 million — with whispers quickly suggesting it was snapped up by a neighbour. </div>
<div> </div>
<div>The Belle selling agent Greg Griffin who had $3 million hopes given its down-at-heel presentation wouldn’t be drilled on which one.</div>
<div> </div>
<div>The 1100sqm Whale Beach Rd parcel sloping down to the ocean had cost $3.675 million in pre-GFC 2006.</div>
<div> </div>
<div>The Michigan US-based Liveris and his wife Paula will make an $8.15 million Point Piper apartment part of their retirement plans.</div>
</div>
Liveris, who previously worked on an advisory panel for Barack Obama, was described by President Donald Trump as "one of the foremost leaders in manufacturing, one of the foremost leaders in the world of business".
This article was first published in the Sunday Telegraph.
 
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Dow Chemicals boss Andrew Liveris sells at Whale Beach for a loss to neighbour

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One of the world's leading businessman, the Dow Chemicals chief, Andrew Liveris has changed his mind up on keeping his beach house at Whale Beach.
The soon to retire Darwin-born businessman listed the 1970s beach house in February, before a change of heart.
But now its back up again with Belle Property Avalon agent Greg Griffin, who has it for November 25 auction with $3 million hopes given its down at heal presentation.
The Whale Beach Road clifftop property cost $3,675,000 in 2006 when bought Liveris who has been the chief executive of Dow since 2004.
It was expected the Michigan US-based executive might have gone on to rebuild before their imminent return to Sydney.
The home sits on a 1,100 sqm parcel sloping down to the ocean.
Griffin is marketing it as a "premier site for a new home."
Liveris and wife Paula already have a Point Piper triplex apartment as part of their retirement plans. They bought it for $8.15 million in 2013.
Liveris, who previously worked on an advisory panel for Barack Obama, was branded by President Donald Trump as "one of the foremost leaders in manufacturing, one of the foremost leaders in the world of business".
The Darwin-born businessmen was on President Trump's manufacturing council but the board was abandoned in the wake of controversy following the US President's heavily criticised response to deadly violence in Charlottesville, Virginia in August.
This article was first published in the Sunday Telegraph.
 
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Andrew Liveris relists Whale Beach weekender

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Melbourne-based retail boss Mark McInnes has listed his New South Wales South Coast beachfront at Coalcliff.
The former David Jones boss paid a suburb record $2.5 million for the <a href="https://www.realestate.com.au/property-house-nsw-coalcliff-126625242" target="_blank">home as a weekender</a> from his amalgamation at North Bondi.
<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/2017/10/11/McInnes2.jpg" alt="">
It comes with a $3.3 million guide through Ray White for its November 11 auction.
The home will push the $3,387,000 record set late last year.
McInnes recently spent $12 million on a Toorak mansion.
 
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