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

Woollahra

High-end property developer Fortis, who are creating striking projects across Sydney and Melbourne's bluechip suburbs, have launched their latest project.

Following the largest site amalgamations in the affluent suburb of Woollahra, Fortis has launched The Woollahra Collection, just 25 residences, a mix of apartments and terraces.

MHN Design Union have been appointed as the lead architects on the project, with landscaping by Wyer &amp; Co. The 1900s terrace interiors are being redesigned by local Phoebe Nicol. On offer will be a collection of two and three bedroom homes with north-facing gardens and secure car parking.

The buildings on the site date back to the late 1800s and early 1900s and will be architecturally restored as part of the $170 million project. Alongside the refurbished buildings, Woollahra Collection will also feature newly built luxury residences, comprising two, three and four-bedroom apartments.

<img alt="The Woollahra Collection" data-entity-type="file" data-entity-uuid="208f26cf-789c-4da0-9e83-96376985b301" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-11%20at%209.58.53%20am.png?VersionId=sCHfQq_qWqPA__nvwPnGpGoNqJhbcMgx" />

The interiors of the luxury new residences are being undertaken by Alexander &amp; Co. The new build will comprise north facing, two, three and four-bedroom residences with large entertaining areas and ample outdoor space.

Part of the project is the restoration of the&nbsp;1880s theatre, which will be restored by Mim Design and converted into a single trophy residence, with an expected end value of around $15 million. The interiors will be an ode to the historic grandeur of the original property, complete with its own basement, tunnel cellar, internal landscaped courtyards and pool.

<img alt="The 1880s Theatre" data-entity-type="file" data-entity-uuid="8dd2d4a2-2fa4-454d-9526-a73a497a2bfe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-11%20at%209.58.14%20am.png?VersionId=HTcwoaXhABydNbLuTLPgNmfz7JsFKN1g" />

Fortis Director Charles Mellick said the team are&nbsp;grateful to the wider community for supporting us in our vision for this site.

"Our work at the nearby Pallas House Sydney and Gaden House demonstrates our commitment towards retaining Sydney’s architectural heritage, and we feel privileged to have the opportunity to lovingly restore and reinvigorate this site, bringing it back to life," Mellick says.

"We will be preserving the best architectural elements of the site for it to be enjoyed by future generations.

“This is the first time off the plan apartments of this scale are being offered in Woollahra, also marking the biggest sqm regeneration in this suburb."

Mellick says the&nbsp;aim is to be sympathetic to its heritage and context, ensuring that the existing buildings are restored.

"A new build on the site will feature a collection of premium apartments, bringing together unparalleled quality and premium amenities in a location where new residences are few and far between.”

<img alt="The Woollahra Collection" data-entity-type="file" data-entity-uuid="1852336b-55d0-4677-9427-8499a659c17c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-06%20at%206.35.05%20pm.png?VersionId=cko6xSV7hP3vvuWsuKTI6EDRVrGcsHCa" />

Fortis secured the 14 lots, now 2A James Street, for around $50 million, an amalgamation making a 3,500 sqm mega block.

Ben Stewart from Stewart Residential and CBRE is handling the sales.

&nbsp;

“There is a clear demand from buyers to secure well-designed homes in exclusive, tightly held Eastern suburbs - and Woollahra is no exception," Stewart says.

"Just two weeks ago CBRE launched a development 200 metres away (Robby Ingham's The Cambrian in Paddington) which sold out in five hours, which was due to the rarity of the offering and an overall lack of approvals for new developments in the area.

"We have already received an unprecedented level of early enquiries for Woollahra Collection, as the development offers an unrivalled combination of new build residences and terrace homes, fitted out with high-end finishes by an acclaimed design team, all on the doorstep of the Queen Street shopping village."

Construction of The Woollahra Collection is expected to be completed by Q4 of 2024.

[smartcode_project_cta:default project_id=138969]

MHN Design Union have been appointed as the lead architects on the project, with landscaping by Wyer & Co


alisonwarters@gmail.com

Fortis launch The Woollahra Collection

A $7.55 million three bedroom Woollahra penthouse sale topped weekend auction apartment sales.

CoreLogic calculated there was a 71 percent success rate from the nation's 688 weekend apartment offerings, as compared to 81 percent for the 2206 houses that went under the hammer.

The 3/19 Rosemont Ave, Woollahra offering sold auction eve last Friday after a $5.8 million offer lobbed with the listing agent Ben Collier at The Agency.

The auction was brought forward with Collier taking the phone bids for the Hong Kong based vendors.

The Young family had paid $3.3 million in 2014 for the top floor apartment sitting under a mansard style roof. 

The triplex was developer by the Michael Hannan, the former executive chairman of the family led IPMG publishing group.

Melbourne's top apartment sale was a five bedroom, two storey townhouse at Black Rock.

The 1B Third Street duplex was sold by 11 North Property for $2.61 million.

The property had previously been three single storey, three bedroom villas.

Close to Black Rock village, the near new townhouse had high ceilings, large windows and timber floors. 

It's pre-auction price guide had been $2 million to $2.2 million based on recent comparable sales advised as $2 million at 13a Florida Ave, Beaumaris and 4b Bolton St, Beaumaris.

The offering sold auction eve last Friday after a $5.8 million offer lobbed with the listing agent Ben Collier at The Agency.



jchancellor

$7.55 million Woollahra apartment sale topped weekend results

<html><body>
A trophy home in Woollahra, designed by architect Nick Tobias, has come onto the market.
Located on Victoria Avenue, the property features four bedrooms, two bathrooms, a rooftop garden, and a lockup garage.
<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/2020/8/5/Woollahra%203.jpg" alt="">
The block comprises 163 square metres, while the three storey house has 180 square metres of internal floorspace.
Built in 2006, the home last sold in 2014 for $2.74 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/5/Woollahra%202.jpg" alt="">
Woollahra's median house price is $3.2 million.
Alexander Phillips and Vince Licata, from PPD Real Estate, have the listing.
</body></html>

jrobinson-rf4aSBido9

Woollahra trophy home designed by Nick Tobias listed

<html><body>
Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.
Sydney’s preliminary auction clearance rate sat at 63.5 per cent from 339 reported results.
There were 546 auctions for Saturday, 83 of which were withdrawn, including the Coogee bolthole (above) of champion horse trainer David Hayes.
Domain noted Sydney's top sale was a five-bedroom house at 356 Edgecliff Road, Woollahra, at $8.1 million.
There were four registered bidders.
There were 510 auctions scheduled in Melbourne on Saturday<span data-sheets-value='{"1":2,"2":"$881,369"}' data-sheets-userformat='{"2":15359,"3":[null,2,"\"$\"#,##0",1],"4":[null,2,15922679],"5":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"6":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"7":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"8":{"1":[{"1":2,"2":0,"5":[null,2,16777215]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"9":0,"10":1,"11":0,"12":0,"14":[null,2,0],"15":"Arial","16":8}'>.
Domain calculated a preliminary clearance rate of 45.4 per cent from 229 reported results.
Some 203 auction properties were withdrawn, due to the COVID-19 public auction ban. 
Of the online auctions that did go ahead, the preliminary clearance rate was 83 per cent.
The top sale in Melbourne was $3,675,000 when 16 Rushall Crescent, Fitzroy North was sold pre-auction.
It last sold at $2.91 million in 2016.
The REIV reported Glen Waverley led the auction market in the first six months of 2020 with 109 sales, followed by Craigieburn (104) and Reservoir (101). Croydon North is the top clearance rate suburb, selling all 12 auction listings.
The weekend's cheapest sale was in Sydney when 9/20-22 Speed St, Liverpool was sold for $286,000.
<img src="https://www.urban.com.au/images/2020/7/27/CL%20July%2027.JPG" alt="">
CoreLogic saw similar results albeit with higher preliminary clearance rates as seen above.
They found clearance rates were down on this time last year where they reached above 70% for both Sydney and Melbourne.
Notably Canberra has seen both an increase in auction volume and clearance rate compared to last year.
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j.ballantyne1990-6AQqhLzZaK

Sydney in the 60s, Melbourne in the 40s, the weekend winter auctions remain in a holding pattern.

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Lisa Keighery has listed her Snapperman Beach, Palm Beach retreat with $17 million hopes.
The beachfront, set on the prized Iluka Rd, is being marketed by McGrath agent William Manning as a classic contemporary home.
“It is the epitome of beachside luxury and style,” Manning said. Keighery, who used architect Alexander Roth along with Marco ­Meneguzzi for the interiors, is now seeking a Southern Highlands cottage project, and to buy back into the Sydney market.
Her home was bought for $7,555,000 in 2007, a year before her fashion-designer husband Mark Keighery died, having fought cancer for 10 years.
<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/2020/7/13/palm%20beach%201.jpg" alt="">
Her listing follows the ­recent $9 million nearby purchase by Anthony Scali, the retail family’s third buy. The Mitchell family had paid $72,500 in 1977. Goldman Sachs’ Zac Fletcher bought the adjoining building block for $10.35 million.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/7/13/palm%20beach%202.jpg" alt="">
The top sale on Iluka Rd remains Uncle Toby’s founder Doug Shears, who bought Anakela for $15 million in 2007 from the late grocery ­tycoon Jim Fleming.
<div class="story-content">
This article was first published in the Sunday Telegraph. 
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firstname1-iYD4UYzvBa

Lisa Keighery lists Palm Beach trophy with $17 million price tag

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Radio star Jackie O Henderson has spent $11 million on the Woollahra residence Cooper Park House.
The designer Belle magazine featured residence was only on the market for three days before the KIIS FM breakfast host bought it from high-profile stockbroker Angus Aitken and his wife Sarah.
<div class="in-content-ad">
<div id="adspot-1x1-pos-5" class="ad" data-google-query-id="CPP-s_jXmOoCFceMcAodhPsOQQ">
<div id="google_ads_iframe_/31694718/domain.com.au/news/prestige_3__container__">It had a $10 million guide when its marketing was launched on Friday publicly but buyers have been shown through <a href="https://www.realestate.com.au/sold/property-house-nsw-woollahra-133796210" target="_blank">the Edward Street home</a> over the past few weeks.</div>
<div> </div>
<div><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/2020/6/24/Jackie%202.jpg" alt=""></div>
<div> </div>
<div>Cooper Park House is a split-level house featuring soaring six-metre ceilings in the central living area.</div>
<div> </div>
<div>It overlooks the leafy park.</div>
<div> </div>
<div>The house has interiors by designer Sarah Davison with a garden designed by Myles Baldwin.
</div>
<div> </div>
<div><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/2020/6/24/Jackie%201.jpg" alt=""></div>
<div> </div>
<div>It was built seven years ago at an estimated $5 million construction cost.</div>
</div>
</div>
<div class="in-content-ad">
Henderson is moving from Vaucluse, where she and her estranged husband Lee Henderson sold their Cambridge Avenue home for $6.675 million in March following their split in 2018.
</div>
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Jackie O Henderson spends $11 million on Woollahra trophy home

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The subdued price hopes of the Leckie family for their redundant Woollahra apartment have been realised with a small loss being taken.
The two-bedroom top-floor Queen St apartment was bought in 2016 for a bullish $1.2 million as a bolthole for Harry Leckie, the son of former high-profile TV executive David Leckie and wife Skye.
It sold midweek for $1.1 million.
On the bright side, buyers had been given a $990,000 guide and it was snapped up ahead of its June 6 auction through Alexander Phillips and Vince Licata at Phillips Pantzer Donnelley.
The 59sq m apartment is set on the second floor northeast corner with leafy views in The Alpha, a classic block of 12 which has its columned ­entrance on Alton St.
It was offered as a $775-a-week rental in 2018 when, after a stint at the Potts Point lifestyle concept store Becker Minty, Harry relocated to London to study interior design.
The block’s highest recent sale was the 59sq m unit directly below at $1.13 million last September.
Overall, Woollahra has a $1.04 ­median price for two-bedroom units, according to realestate.com.au.
 Its two-bedroom units have a $695-a-week median rent reflecting a 3.4 per cent rental yield. Based on five years of sales, Woollahra has experienced a compound growth rate of 5.7 per cent for units, which suggests the family overpaid on purchase.
This article was first published in the Sunday Telegraph. 
 
 
11/164 Queen Street, Woollahra, NSW 2025
 
 
 
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Leckie's Woollahra bolthole sells for $100,000 less than bought for

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Lisa Keighery, widow of Marcs founder Mark Keighery, has listed her Woollahra terrace.
It has $2.5 million to $2.6 million.
Keighery will move permanently to Palm Beach, where her $7.55 million Snapperman Beach has been recently renovated.
Keighery bought the Junction Street terrace for $2.21 million in 2017.
It was when she was trading down from her former home opposite the Lough Playing Fields which sold for $4.2 million.
The last sale on Junction Street was $2.5 million last December. It has barely gone up on its $2.39 million sale in 2017.
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Lisa Keighery lists Woollahra terrace

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Having been recently commuting back and forth from Melbourne, hospitality industry leader Brett Sergeant and his German wife, Iris Grosse-Kleimann are selling Maroomba, their former Woollahra home.
They’re seeking $8.25 million for the four bedroom heritage-listed home that dates back to the 1890s.
The couple paid $3.4 million in 2014 and have since renovated the home to have 320 sqm of internal living space.
There’s a landscaped garden with outdoor kitchen, and a whole entertaining level with cocktail bar and a custom designed wine cellar and tasting room.
Pillinger Double Bay agent Brad Pillinger has the Nelson Street listing.
Now the chief executive of Chris Morris’s Colonial Leisure Group, whose flagship venue is the Portsea Hotel, Sergeant left Merivale in 2016 after nine years when he was the chief operating officer.
His first job was as a glassie at AHL’s Mitcham Hotel.
Nelson Street’s most recent sale was when recruitment boss Phil Kerry and his wife, Anne-Maree, secured the 1880s Victorian Regency trophy mansion, Larissa for $8.5 million, having sold in Darling Point for $18 million to insurer Richard Enthoven.
This article first appeared in The Sunday Telegraph. 
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Former Merivale exec Brett Sergeant lists Woollahra mansion Maroomba

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The philanthropic fashion doyen Peter Weiss and wife Doris have 
listed their two bedroom Woollahra cottage.
They are spending more and more time entertaining up at their Palm Beach weekender, which has prompted the listing of their city bolthole.
Weiss, who helped define the Australian fashion scene in the 1980s and 1990s, bought the Woollahra cottage for $3.75 million in 2015 from the late composer Peter Sculthorpe.
It was a three bedroom home at the time.
It was set to become a music fellowship residence centre, in Sculthorpe's honour, however the plans didn't eventuate. Instead Weiss installed a lift to help him around what became their new abode.
He would however regularly host music events in the home's studio.
Sculthorpe had owned the charming three bedroom Holdsworth Street cottage sine 1976.
1st City agent Simon Doak has a pre-Easter auction scheduled for early April.
The Weiss' have long entertained at their many Palm Beach homes they've owned over the years.
Their Whale Beach Road property saw the bigger parties, but they sold that for $4.1 million in 2006.
They later owned the Peter Muller-designed pavilion-style home on Bynya Road, which they sold for $3.6 million four years ago to upgrade to a waterfront.
They spent $10 million on the home of rag trader turned farmer Gordon Smith, who had the home renovated by Walter Barda in 2010.
Weiss is a longtime lover of the arts.
Born in 1935 in Vienna, Peter came to Australia in 1939, brought up in a musical family where from childhood he had a passion for playing the cello.
He was among the first members of the Art Gallery on New South Wales Foundation when it was established in 1983 and was made a life governor of the gallery in 2009.
Through the 1990s he sponsored concerts at St James's Church in Sydney. He was one of the early sponsors of a 'chair' in the Sydney Symphony Orchestra.
His $1 million donation established the Instrument Fund of the Australian Chamber Orchestra, then in 2016 he bought the ACO a 1729 Guarneri cello.
He donated the Corbousier tapestry to the SSO and Opera House.
Weiss used to spend time in the Southern Highlands back in the day, but sold Wollumbi, their French countryside farmhouse, for just shy of $15 million in 2015.
This article first appeared in The Daily Telegraph.
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