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

Whitsundays

The Whitsunday property market is shaping up as one to watch this year as southern buyers continue to flock to the Whitsundays, cementing the area as one of Australia’s key lifestyle markets.&nbsp;

Recent market activity suggests that the Whitsundays is going head-to-head with the long sought-after Gold Coast, Byron Bay and Sunshine Coast regions, proving to be favourable destination for buyers south of the border.&nbsp;

Rob Taylor from Taylors Property Specialists revealed that the Christmas and New Year period has shown continued strong demand from southern states in the Whitsundays area.

“January 2023 has started in a positive manner with continued interest from southern buyers,” said Taylor.

<img alt="Render from the Shute Harbour Marine Resort" data-entity-type="file" data-entity-uuid="cc3e4a82-8c27-4f6f-8377-6f4ed564b9ed" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool_0.jpg?VersionId=jKYaoUJjfx8g6sQ_udf7Hg.1U5EQDDUZ" />Render from the Shute Harbour Marine Resort. Image supplied.

“We’ve seen steady demand for property from southern buyers who have identified the Whitsundays as a key lifestyle market, especially blue chip locations such as Hamilton Island and Airlie Beach,

“With growth in the state’s south-east coupled with limited stock due to rising construction costs, demand is outstripping supply and attention has turned to markets further north, especially among lifestyle buyers.”

Among the major projects currently marketed by Taylors is the $350 million Shute Harbour Marina Resort which has drawn inquiry from buyers seeking the lifestyle and value offered by the Whitsundays.

“Already in the first few weeks of the new year buyers have secured numerous $1 million-plus lifestyle homes,” Taylor said.

“The enquiry rate hasn’t shown any real signs of slowing down from southern interest. While we don’t expect to see the hectic market activity of early 2022, we can expect a far more realistic, solid market which is best for the long term.

The Shute Harbour Marina Resort master plan will feature 58 luxury waterfront residences to be located along the marina, each with their own private marina berth of between 25 and 35 metres.

When completed, the marina village will comprise mixed retail and commercial Pier 61, restaurants, cafes, and swimming pool, as well as managed apartments with resort club facilities for berth owners.

<img alt="Render from the Shute Harbour Marine Resort" data-entity-type="file" data-entity-uuid="f68153f2-b5ec-4b3e-9817-f7e062bac3b8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Entertainers%20Kitchen%20Living.jpg?VersionId=0SlC.4GD6cynyNfKUjiKAwKKi_Dq.lVl" />Render from an apartment in the Shute Harbour Marine Resort. Image supplied

As one of the biggest residential-resort projects in North Queensland in more than a decade, the transformational development is also destined to become the region’s premier lifestyle and leisure precinct – the perfect place to live, work and play.

Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete.

“Buyers are more willing than ever to head to the regions for a lifestyle and property that meets their needs - it’s a value proposition that is likely to see the property market in the Whitsundays hold its own for some time to come.”

Taylor believes that the lifestyle markets such as the Whitsundays will continue to perform really strong despite headwinds from inflation and interest rates.

“Talk of interest rates potentially stabilising in the coming months will add to this. However, what we are finding is these southern lifestyle buyers don’t seem to be as greatly impacted by these rate increases,” he added.&nbsp;

[smartcode_project_cta:default project_id=138294]

alisonwarters@gmail.com

Lifestyle buyers pursue value as the Whitsundays sails ahead as the market to watch

Sustained above-average population growth is set to position the Whitsundays region for a golden era of growth, according to a report by research group Aurelius.&nbsp;

Population growth in the Whitsundays looks set to outperform the 15-year average, with Victoria and NSW leading the post-Covid boom.

“The population in the Whitsunday Regional Council area grew by 1.7 per cent per annum over the past five years, ahead of the region’s 15-year average of 1.5 per cent,” said the report.

“With population growth expected to remain above the historical average over the next two decades, it is estimated the Whitsunday region’s population will hit 49,591 by 2041, up from about 38,000 at present.”

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="94989fed-19b8-49b7-9323-c237d70a267e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Front%20Executive.jpg?VersionId=kp.hjr86geYF1Trmwnyka9rnHlgbpNay" />

Among the major infrastructure investments currently under way in the region is the $350 million Shute Harbour Marina Resort which will bring to the market 395 new wet-berth marina berths centred on a residential-resort precinct comprising waterfront homes and a vibrant marina village with a retail and dining precinct, a resort hotel and backpacker accommodation.

Sam Wade, the managing director of the Shute Harbour Marina Development, said the Aurelius research highlights the opportunity ahead for the Whitsunday region and North Queensland more broadly to capitalise on the region’s growth potential.

“Australians have a growing appreciation of the region and everything it has to offer in terms of lifestyle and growth potential,” said Wade.

“With the growth we have seen over the past three years, and with the level of investment currently under way in North Queensland, this research presents a compelling case for continued growth in the Whitsunday region, particularly as international tourism begins to regain momentum.”

Aurelius Director Peter Bell, a highly regarded advisor and strategist, estimates the Whitsundays could see its tourism economy grow by an extra $600 million to $2.14 billion by 2025 if new initiatives currently in train come to fruition.

Bell highlighted that the region is already a major tourism drawcard with the visitor market expected to be worth $1.53 billion in the next three years, but the infrastructure spending currently under way in the region will significantly accelerate the tourism economy.

The top end of his forecast will see a doubling of the value of the local tourism economy over the seven years to 2025, building on an economic pillar that Bell said remains pivotal to the region’s future.

The Whitsunday economy is heavily reliant on tourism with about 3,000 people directly employed in the industry, and the expected growth in the industry will be significant for the region.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

Tourism supports about 40 per cent of local jobs in the Whitsundays region, which is the highest in Queensland and one of the highest in Australia.

<img alt="Render of the Shute Harbour Marine Resort " data-entity-type="file" data-entity-uuid="40801710-b860-4fbd-b595-5caecb28f827" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Family%20Pool.jpg?VersionId=AObyYOROyZ8.jr3bEc8_6auiEAX28Ln1" />

The Brisbane-based researcher presented his findings on the State of the Whitsundays before a host of special guests including the Mayor of Whitsunday Regional Council, Julie Hall, and Deputy Mayor Gary Simpson during a presentation at the Whitsunday Marine Club.

Among his findings, Bell sees potential for the Whitsundays region to leverage off its reputation as a boating haven with new facilities for large and small marine vessels among the essential infrastructure projects that will support an expanding tourism economy.

Signalling the significant growth of the marine industry in the Sunshine State, Bell revealed that the number of boat registrations in Queensland grew almost four times faster than the state’s population in percentage terms during the 2021 financial year, at the height of the pandemic.

Queensland boat registrations rose 2.9 per cent in 2021, well above the 10-year average of 1.4 per cent.

The recent growth in boat ownership highlights an urgent need for increased storage capacity, especially for on-water marina berths which have sustained a high marina occupancy rate of 86 per cent in FY21, despite the pandemic.

Bell estimates the Whitsundays region’s economy is being further supported by a post-Covid migration renaissance from both interstate and intrastate migration with the latest population data showing historically higher rates of growth.

The region has become an increasingly popular destination for the domestic holiday market following an influx of interstate visitors to Queensland during the pandemic.

New research reveals the Whitsundays set for a golden era of growth

The Whitsunday Lakes Trust, $350 million Shute Harbour development has been inundated with enquires, amassing a whopping 520 expressions of interest in just four weeks following its national launch to market.

As the Whitsunday&rsquo;s first major resort development in over a decade, the stage one release has been met by a swarm of interested buyers, eager to put their name to one of the 58 land and berth packages in one of the most sought-after sailing locations across the world.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="768" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_terrace_house_render_v3.jpg" width="1200" /></a> 
Render of the proposed Shute Harbour Marine precinct development in the Whitsundays Lakes Estate. Image supplied.

Rob Taylor of Taylors Property Group said the latest wave of interest has come off the back of the Sanctuary Cove Boat show which accounted for 10 per cent of the enquiries to date, with the vast majority coming from boating enthusiasts who recognised the value of large-scale berths in the Whitsundays region.

&ldquo;The immediate market response to the resort has been incredible. We knew we had something special on our hands here, but we have been simply inundated with genuine interest &ndash; it&rsquo;s been a whirlwind,&rdquo; said Taylor.

&ldquo;We&rsquo;re already in the process of converting many of these enquiries into contracts for our future Shute Harbour Marina Resort residents.

&ldquo;Many of these buyers have been long awaiting a marina project of this calibre to arrive in the area. Large scale berths are difficult to secure along the coast right now &ndash; all nearby marinas are close to capacity for the forthcoming season.&rdquo;

Once complete, the Shute Harbour Marina Resort will encompass a 395-berth marina with individual berths ranging from 10-metres to 30-metres on a 99-year lease, in addition to private berths ranging from 25-metres to 45-metres.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4_0.jpg" width="1200" /></a> 
Render of the proposed Shute Harbour development in the Whitsundays Lakes Estate. Image supplied.

The project will also deliver a 100-plus room hotel resort, with function and meeting rooms, bars, restaurants, a swimming pool, and undercover parking, along with 58 freehold land allotments, and 100 managed apartments with resort club facilities.

The free-hold residential waterfront sites cover 440 sqm and are earmarked for two- and three-storey design concepts.

According to Taylor, the enquiries have come from a broad demographic of parties, including veteran boating enthusiast, first-time boat owners, and future retirees.

&ldquo;We&rsquo;re seeing the project timeline align with those buyers looking to lay the foundations for future plans two to three years down the line &ndash; whether that&rsquo;s retirement, or the eventual purchase of a larger boat,&rdquo; he said.

The land and berth packages have arrived to a market limited in supply for waterfront lots. With just 28 vacant residential waterfront lots currently available in the area, almost half of these are not located within or close to a marina development.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waterfront_homes_interior.jpg" width="1200" /></a> 
Render of a proposed waterfront home interior. Image supplied.&nbsp;

&ldquo;Although the property market in the Whitsundays has increased about 20 per cent over the past 12 months, units are still about 25 per cent below their 2007 peak and land is only just matching the levels of 15 years ago,&rdquo; added Taylor.

Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete with construction targeted to commence in 12 months.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes.

[smartcode_project_cta: project_id=28292]

The first Whitsunday’s development in over a decade, Shute Harbour inundated with inquiries following launch to market

The first resort and marina precinct in almost 20 years is set to be launched in the Whitsundays.

The approved $350 million Shute Harbour Marina Resort&nbsp;aims to transform Shute Harbour into an extensive foreshore with a&nbsp;resort hotel and a&nbsp;residential precinct featuring restaurants, retail outlets and marine services.

A new near 400-berth marina will also be part of the development.<img alt="" height="3095" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/211208_v1_final.jpg" width="5000" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort will be the first major marina and residential development in the Whitsundays since 2006 and will create the ultimate waterfront lifestyle for residents and tourists in one of the world&rsquo;s most sought-after sailing locations.

The multi-use marina, located on a prime 28-hectare waterfront site, will tap into a critical shortage of secure cyclone protected boat moorings in the state&rsquo;s north.

The marina resort will provide a much-needed boost for post-Covid tourism in the Whitsundays region and create 700 jobs during and post-construction.

Shute Harbour Marina Resort will also include a new commercial hub known as Pier 61, as part of a master-planned marina plaza that will create a range of new retail and commercial outlets for the waterfront development.

<img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_courtyard_renderv2.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

&ldquo;This is a development of regional and state significance that will deliver enormous benefit to the local economy,&rdquo; said Project Director Mark Daniels, who heads the&nbsp;consortium developing the project.

&ldquo;Shute Harbour is the gateway to the Whitsundays, with an outstanding marina location, and our plans will bring much needed tourism infrastructure to the region and complement the township&rsquo;s existing tourism and marine facilities.&rdquo;

&ldquo;In particular, we&rsquo;ve seen growing demand for marina berths in recent years and this is an exceptional offering that delivers a highly accessible mainland residential marina resort with a superb range of amenities and supporting services,&rdquo; he added.

The Shute Harbour Marina Resort master plan comprises 58 managed resort dwellings, each with their own private marina berths of 25 to 35-metres at their doorstep, along with managed apartments with resort club facilities, and a 100-plus room resort hotel, including function and meeting rooms, bars, restaurants, swimming pool and undercover parking.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v2-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

The entire precinct will be linked by public boardwalks, lookout spaces and seating throughout, with plans to also establish new public parks and a community cyclone shelter on site.

Shute Harbour Marina Resort is poised to become a popular destination for residents, locals and tourists who will be drawn to the village-style precinct that will host a marina cafe and bar, marina club, supermarket, bottle shop, marina office, chandlery, marine electronics and charter operators.

The project is being undertaken by an Australian consortium headed by Mark Daniels, Mark McLachlan, Greg Phillips and Sam Wade.

The consortium members have a combined 70 years&rsquo; experience in the development industry with a collective delivery of projects to the tune of $1.25 billion, including Encounter Lakes, Encounter Bay SA &ndash; an award winning regional residential development set around a man-made environmentally sustainable saltwater self- flushing lake, Holdfast Shores, Glenelg SA &ndash; an integrated residential, tourism, retail and commercial development involving co-operative action between Commonwealth, State and Local Government, and Seaford, Noarlunga SA &ndash; a major urban &ldquo;Greenfield&rdquo; development comprising the transformation of 730 hectares into an integrated community development with a projected population over 15,000. 
<img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_waterfront_house_internal_render_v1.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Daniels, who has extensive experience in project delivery in the Whitsundays region over the past decade, said the development is a game-changer for Shute Harbour which is set to benefit from the recent reopening of international borders.

Marina berths will range from 10 to 35 metres for mono and multi-hull craft, while the proposed land and berth packages will include marina facilities to accommodate boats up to 35-metres.

Berths are priced between $175,000 and $1 million, with each berth sold on a 99- year lease. Stage one will offer free-hold residential waterfront sites of 440 sqm which are earmarked for two and three-storey design concepts, with the land-and-berth prices starting from $1.75 million.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes. Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete.

Construction is targeted to commence in 12 months.

<img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4.jpg" width="1200" /> 
The $350 million Shute Harbour Marina Resort masterplanned development. Image supplied.

Shute Harbour Marina Resort has taken 20 years to gain all necessary approvals to proceed and was identified as a project of significance by the Queensland Government in 2006. The project benefits from its accessibility by air with three regional airports located within 30-minutes to 90-minutes drive.

The Whitsundays has a population of more than 35,500 people with tourism among the major contributors to the region&rsquo;s $5.9 billion economy.

The master planned foreshore development will feature a resort hotel alongside an extensive residential precinct featuring restaurants, retail outlets and marine services.



$350 million Shute Harbour Marina Resort set to boost property and tourism market in the Whitsundays

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<div>The high end market in the Whitsundays is performing well despite COVID and what’s happening in other areas of Australia, with lifestyle properties being sought after, according to the November report from valuation firm Herron Todd White.
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<div>HTW found that rural residential lifestyle properties are being snapped up with sales ranging from $800,000 to over $1 million. </div>
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<div>Properties with ocean views or frontage are also being snapped up along with vacant lots in similar locations.</div>
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<div>"There have also been two sales in the prestige unit market, both selling for over $800,000," the Queensland-based Herron Todd White valuer Noelene Spurway said. </div>
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<div>"We expect that once the borders are open, lifestyle properties will continue to move as the lifestyle in the Whitsundays is second to none."</div>
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<div>Spurway did however jest that she is maybe just a little biased.</div>
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Whitsundays prestige market strong amid COVID uncertainty: HTW

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Whitsunday achieves record month of sales as Melbourne buyers in lockdown dream of a tropical getaway.
Ray White Whitsunday sold more than $21 million worth of stock in August, with principal Mark Beale claiming he is fielding “dozens of calls” a day from southerners prepped to travel at the end of lockdown.
“So many people are looking to buy a holiday home in Airlie Beach with the option of living here full time or working from home", Beale says.
"It feels like everyone from down south wants to have a property here.
"So many of our buyers are working remotely anyway."
Recently, Hog’s Breath Café founder Don Algie sold his Whitsundays mansion Chesapeake Whitsundays through Beale.
<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/2020/9/9/Chesapeake.jpg" alt="">
The off-market sale was the highest price achieved in the Whitsundays mainland since 2018 when Mandalay House sold for $14 million.
The buyer was revealed to be Alan Thomas Galloway of the world famous Alabar horse breeding stud in Victoria.
“I was flying and I saw the mountain with Chesapeake on the top at 1000ft above sea level, it was like a beacon", Galloway says.
"I have fallen in love with Airlie Beach, it’s like a hidden gem, a slice of paradise."
Set on 22 hectares, the gated Chesapeake estate has a three bedroom, four bathroom home with a number of living areas, a full stainless steel chefs kitchen and an upper pool.
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j.ballantyne1990-6AQqhLzZaK

Surge in demand for tropical paradise as Whitsunday's nets big sale

<html><body>A COVID-induced spike in real estate enquiry has experts predicting a strong Whitsundays in the ‘new normal’. Reports across the country state city-dwellers are making a COVID-19-change and are trading their CBD cubicle for a remote office with room to enjoy tranquility. This newfound flexibility is believed to be behind the near-record number of online searches for Whitsunday property in recent months.  The lure of acreage seems to be the strongest, with leading real estate website <a href="http://domain.com.au/" target="_blank">Domain.com.au</a> experiencing a 507 per cent increase in searches for rural residential property in Cannonvale, and surrounding areas.  <a href="https://ecomms.raywhite.com/collect/click.aspx?u=V1I3c3ZNeXdEbDVDRmVndkZYMmJYT01wQzNoTU43Zk10SDRYRmRwZDB3QUdIb2k1M0RZNzZRK25pSWxLSXpSU0NJK0xDcnZJZlljMThnNFFMZEt1ckE9PQ==&amp;rh=ff006465a85cb54541341c264f419930d26ae172" target="_blank">Ray White Whitsunday</a> Sales Associate Brett Dwyer said he had been surprised by the increase in enquiry.  “It seems like anyone that has had the Whitsundays as their 'one-day' dream address has decided that now is the time to move, and the latest stimulus announcements have magnified this further,” Mr Dwyer said. <a href="https://ecomms.raywhite.com/collect/click.aspx?u=V1I3c3ZNeXdEbDVDRmVndkZYMmJYT01wQzNoTU43Zk10SDRYRmRwZDB3RGsyVUtad1h5clQ5dktQcnFTbGtrSzU4SnR4UC82dmkzamRXZ3k3UXZtWHc9PQ==&amp;rh=ff006465a85cb54541341c264f419930d26ae172" target="_blank">Hidden Valley Whitsundays</a>, a new estate outside of Cannonvale may well be the epicentre of new interest, receiving over $1.3 million of land offers in May alone.  Hidden Valley Project Manager Brett Evans was less surprised that southern eyes were looking north for an escape.  “I lived in the Whitsundays for years but I live in the city right now and I can tell you where I’d rather be when things get crazy. We all felt the walls closing in down here,” Mr Evans said. “After a few weeks of empty grocery shelves and being outsmarted by grade one home-schooling, we were definitely ready to hook the boat up and head north.”  With ten lots in the first stage of Hidden Valley sold to local buyers, it seems it’s not just the southern city-dwellers feeling claustrophobic. Locals are also looking for the security that comes with a few extra acres.  “The prospect of a more self-sufficient lifestyle and the security that comes with a few extra acres seem to be really strong motivators, which is understandable,” Mr Dwyer said. “Who hasn’t found themselves in lockdown staring at the neighbours’ fences on either side and thinking that a little extra space, a veggie garden and a few chickens sounds pretty good?”  Senior Analyst for <a href="https://ecomms.raywhite.com/collect/click.aspx?u=V1I3c3ZNeXdEbDVDRmVndkZYMmJYT01wQzNoTU43Zk10SDRYRmRwZDB3QUdIb2k1M0RZNzZWNkdQbFYzNnBuVktEOWJQZHIzaGVjYjV4Q0UwUkRxV0h1V2RROEp6eDRSWUlxNlIzZzljZUFwR2FjbmR2TFdtUT09&amp;rh=ff006465a85cb54541341c264f419930d26ae172" target="_blank">Ray White Northern Corridor Group</a>, Ashley Rees, said supply of quality acreage land could soon become an unexpected issue in the region.  “When the pandemic began, stock levels were already 14 per cent lower than they were at the same time last year,” Mr Rees said. “Add the new pressure of buyers cashing out of a strong southern market, to this renewed local demand, and we may soon find buyers struggling to find quality options.  “The Whitsundays has always offered an unbeatable lifestyle, but has been hamstrung by the lack of diverse employment options.  “For many it seems, the newfound acceptance of remote working in a post-lockdown world may have removed the last great barrier to living in this tropical playground.”</body></html>

Whitsundays proving to be a post-COVID-19 hotspot

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A Mongolian yurt-inspired trophy home in far north Queensland is for sale.
The three bedroom circular house at <a id="LPlnk420651" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1En3xzZ47XV4dQAroOlFxcu7jSkLPEPfO0JN57GoF42hS+PP08mxh17xm/LnjGuC3a9E4u1AmbY6331RZJWmFtsIRQjxDF69ISN6BQiyf87UowWHm6eWYrA=&amp;rh=ff0043c59865a7cd7264c5dc414b826e48c2f9ec" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">60 Rossetti Road, Gregory River</a> in the Whitsundays took almost six years to complete.
Retired theatre nurse and owner-builder Lisa Gilmore built the round house, inspired by a traditional yurt.
“I have always been attracted to circle shapes, it’s a bit like a wedding ring, it’s eternal and from the sky it looked like a petal,” Gilmore said.
“My father had always wanted a round house and in his last years he came to live with me and we started researching the concept.
“We bought the skeleton from Beavis Conceptual Designs in Goulburn and the rest I built myself with the help of two very clever shipbuilders.
“It’s a big job to get the joins to go in the right way but every one is perfect.”
<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/2018/11/26/OHF_RW_Rossetti_60-15%201.jpg" alt=""> 
It took almost six years from concept to completion in a true labour of love project for Gilmore who has recently moved from her semi-rural acreage on the Gregory River to Jubilee Pocket. “I need to close this chapter of my life and let someone else move it who will love it,” Gilmore said. Inside the walls, steel cables hold the structure together from the roof to the top of the walls.
A perspex skylight, which has been certified by builders, lets light in through the apex of the roof. The three bedrooms - one with an ensuite - come off the main circle to continue a bigger circle.
 <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/2018/11/26/Crop%201GB%201.jpg" alt="">
“There’s no hallway as such and it looked beautiful with all my antique furniture. It’s like a piece of art that’s been filled with peace and love,” Gilmore said. “It’s been a labour of love and I believe in life you need to be true to yourself and be challenged. “Someone who understands the workmanship will love it. I can imagine a builder or a ship-right or a sailor or just someone who understands energy forces will be drawn to it.” Ray White Whitsunday agent Simon Dymmott said the home needed to be seen to be appreciated. “Now selling well below replacement value, take the time to organise to inspect this very unique opportunity,” Dymmott said. “Inspired by a Mongolian yurt the house design is quite something to behold," he said. “Surrounded by established gardens and tropical fruit trees and bordered by a river, this is a perfect lifestyle opportunity, offering a peaceful and very private aspect.”
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Whitsundays yurt-inspired circular trophy home listed

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Sotheby’s has appointed a new head to its operation in the Whitsundays.
<a href="https://queenslandsothebysrealty.com/team/wayne-singleton" target="_blank">Hamilton Island Realty principal Wayne Singleton</a> has been recruited.
Singleton has represented buyers and sellers of property in Hamilton Island since 2002 having transacted over 350 property sales on Hamilton Island totalling $300 million in property sales on Hamilton Island alone.
He has personally bought and sold five properties on the island.
“I’m really excited to bring Sotheby’s International Realty to the Whitsundays,” he said.
“The global network will provide un-precedented international exposure for the region’s lifestyle and real estate – putting us on the world stage.
“Couple this with our local expertise and knowledge and we are now able to provide a service to our clients like no other.”
Queensland Sotheby’s International Realty CEO Paul Arthur said the Whitsunday region had always featured in the company’s growth plans.
“Our own Carol Carter has done an amazing job servicing the high end from our Gold Coast office, but in addition we always wanted a physical presence and that takes the right person,” Arthur said.
“We believe we have that with Wayne who brings his immense experience to the region, and specifically Hamilton Island.”
Arthur said the company had achieved numerous significant sales in the past 12 months, including including <a href="https://queenslandsothebysrealty.com/1P0009/383-mandalay-road-whitsundays" target="_blank">Mandalay House</a>, <a href="https://queenslandsothebysrealty.com/19498662/4-383-mandalay-road-whitsundays" target="_blank">Aqua</a> and <a href="https://queenslandsothebysrealty.com/1P1063/119b-botanica-drive-woodwark" target="_blank">Botanica</a>.
“Our ability to attract buyers to the region is unsurpassed, pulling from our private clients across our offices in Sydney, Melbourne, Brisbane, New Zealand, and our 970 offices across the globe,” Arthur said.
“We bring a different value proposition and capability to the region. Our expansion into the Whitsunday region complements our office in Port Douglas which has enjoyed great success since opening.”
It follows the recent opening of the company’s Port Douglas office. 
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Sotheby's appoint new Hamilton Island head of operations 

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The Whitsundays residential markets and businesses are still recovering in the wake of cyclone Debbie, according to the valuation firm, Herron Todd White.
There are still noticeable signs of recovery with Daydream and Hayman Islands closed to the public and boats filled with tradesmen travelling to Hamilton Island daily.
On a smaller scale, there are still a number of houses and units that are in need of repair.
The report states that, "In regard to tourism, the Whitsundays market has been experiencing a growth in domestic and international tourist visitors compared to the past few years."
"It is worth noting however that although visitor numbers have increased, tourists are staying for a shorter period and are spending less in the region, but this is as expected with some of the major attractions and smaller businesses still recovering."
This recovery is well reflected by the Mackay region unemployment rate, postulates the report.
In 2012 the unemployment rate was 3.2%; it rose to 8.4% in 2015 and is currently sitting at around 4.4%.
The report noted that, "We have started to see positive growth in the residential market of Airlie Beach and surrounding suburbs."
"There has been a significant increase in sales volumes from the third quarter of 2017 with a mild increase in the median sale price."
The rental market has increased at an unsustainable rate with gross yields at 5.6% and an average rental of $480 per week.
The region is looking forward to the completion of a number of larger projects including the reopening of Daydream Island.
"With the completion of these works, anticipate a significant number of workers leaving the region and this will most likely lead to an increase in the vacancy rate, as well as a decline in the median rent back to sustainable levels", the report suggested. 
The report predicts that, as the construction work declines, tourism will continue to increase with a renewed appeal to the region.
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