Consolidated Properties Group (CPG) has agreed to acquire the last remaining absolute riverfront development site in Brisbane’s blue-chip Newstead, unveiling plans to develop a landmark inner northern residential project that CPG says will be a signature building for the river city.

CPG has paid $64.5 million for the 9,368 sqm site at 47 Skyring Terrace in an off-market deal from&nbsp;Mirvac. The site is situated just 1.5 kilometres from the CBD and within walking distance to some of Brisbane’s best-known dining and retail destinations, including Gasworks and James Street.

The site features 47 metres of direct river frontage within one of the city’s most tightly held precincts. Zoned for Mixed Use, it has potential for up to 42,000sqm total floor space and a maximum building height of 25 storeys under the Brisbane City Plan.

The acquisition follows the success of CPG’s $450 million absolute riverfront Monarch Residences apartment project currently nearing completion and sellout at Toowong in Brisbane’s inner west.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location.

“Sites like this are as rare as it gets,” O’Rorke said.

“We thought Monarch might be a one-off, but at Newstead we’ve been fortunate to have the opportunity to create another iconic residential address right in the heart of the city on the Brisbane River – this will be something elevated in every sense, something truly special.”

CPG plans to lodge a development application (DA) later this year with multi-award-winning architects, Woods Bagot, who are already working on concept plans.

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CPG Head of Residential, James MacGinley, says the development will include a mix of boutique riverfront villas and 2- and 3-bedroom apartments with spectacular north-east views up the river towards Hamilton Hill.

“This large riverfront site with a perfect north-east aspect is an architect’s dream. It is peerless and there is no better development site in Brisbane. We plan to do it justice and deliver a signature building for the city," MacGinley said.

Transacted off-market by Colliers Queensland Residential Directors Brendan Hogan and Troy Linnane, the purchase sees CPG again teaming up with its construction partner on Monarch Residences, Hutchinson Builders, to deliver the apartments. Colliers Queensland Residential Director Brendan Hogan said demand for prestige development opportunities in Brisbane was outpacing supply.

“Opportunities like this simply don’t come up anymore. This is the last of its kind on the Newstead waterfront and arguably the best-located residential site in the city,” Brendan Hogan said.

“We’re seeing exceptional demand in the premium apartment market, with ‘off-the-plan’ riverfront apartments achieving prices over $35,000/m2 of net (internal) saleable area.

“The surge in apartment prices is largely driven by the demand from owner-occupiers who are seeking premium and larger apartment stock, which has accounted for the majority of sales in the market over the past two years,” Brendan Hogan added.

The site acquisition reflects broader supply-side pressure in Brisbane’s residential pipeline.

Population forecasts show Brisbane will grow by more than 500,000 people during the next decade - faster than both Sydney and Melbourne - and inner-Brisbane is expected to face a shortfall of over 14,000 new apartments in the next four years alone, according to SQM Research.

“We know Brisbane is the nation’s fastest-growing city with unlimited potential and we’re building for that future,” O’Rorke added.

CPG CEO and Chairman Don O’Rorke says the Newstead site offers an equally rare opportunity to deliver a super-premium luxury residential apartment building in a prime inner-city location

Joel Robinson

Consolidated Properties buys riverfront Newstead site from Mirvac

ASX-listed developer Lendlease has secured approval for their new Sydney apartment project, <a href="https://www.urban.com.au/new-apartments/one-darling-point-darling-point-road-edgecliff-nsw-2027">One Darling Point</a>.

The circa $500 million project, which will sit on the border of Darling Point and Edgecliff, will comprise 41 two-, three-, and four-bedroom apartments, each with views of the&nbsp;Sydney Harbour or eastern views stretching from Double Bay to Vaucluse.

The design, by Australian architecture studio Tzannes,&nbsp;is distinguished by a publicly accessible through-site link, which thoughtfully integrates and celebrates the existing heritage-listed Commonwealth Bank building from 1941. The ground floor will feature a curated selection of retail, commercial, and hospitality spaces, seamlessly activating the streetscape.

A four-bedroom penthouse will crown the 17-level building, complete&nbsp;with a rooftop pool and a private terrace.

The project has been assessed under the NSW Government’s recently established in-fill affordable housing scheme and incorporates 15 per cent floor space dedicated to affordable housing for key workers. As a result, the development will include 18 one-, two-, and three-bedroom apartments for essential services workers in the education, healthcare, childcare, social and emergency sectors.

One Darling Point is being delivered in partnership with Mitsubishi Estate Asia (MEA), the sixth time the duo have worked together following projects One Sydney Harbour, Sydney Place, Melbourne Quarter’s East Tower, and One Circular Quay currently under construction.

&nbsp;

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point.

"Development approval has been secured just five months after public exhibition enabling us to quickly move forward with the project, bringing new homes and jobs to Sydney.

“One Darling Point brings our renowned luxury residential experience to a prime location in Sydney’s East, and will deliver the highest standards of quality and design, alongside the expertise of Tzannes and Alexander &amp;CO.”

The joint venture partners bought the 1,748 sqm, 1 Darling Point Road site, last year from Anka Property Group, who after years of back and forth with the Woollahra Council, had secured an unprecedented uplift in height.

Tom Mackellar, CEO Development Lendlease, said the NSW Government's new streamlined planning pathway has accelerated the approval process for One Darling Point

First look: Lendlease secures approval for One Darling Point

<a href="https://www.urban.com.au/developers/charter-hall">Charter Hall</a>’s near-$1 billion Hyde Park tower proposal has secured crucial support from the City of Sydney’s planning committee, marking another step forward in reshaping Elizabeth Street.

The mixed-use project at <a href="https://www.urban.com.au/new-apartments/201-elizabeth-street-sydney-nsw-2000">201 Elizabeth Street</a>, on the corner of Park Street and opposite Hyde Park, has been under the spotlight since plans were lodged in late 2024. Now under assessment by the NSW Department of Planning for final determination, the 55-storey scheme combines hotel and residential components in one of the CBD’s most high-profile corners.

Pending final approval, demolition can commence on the existing Pacific Power Building, a 38-level office block originally completed in 1978. The 3,900 sqm site connects directly to Museum Station via underground pedestrian links - a strong locational advantage for future residents and hotel guests alike.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/201%20-%20217%20Elizabeth%20Street%2C%20Sydney.png?VersionId=wxmccer91Ts7gSOKSUID_tbf1mCPjyrJ" />

The $925 million development will deliver 441 hotel rooms across levels 1 to 11, with apartments starting from level 12 upwards. Buyers will have access to a genuine mix of apartment configurations: 67 one-bedders - a relative rarity in new Sydney CBD stock - along with 123 two-bedroom, 58 three-bedroom, and 16 four-bedroom apartments, a total of&nbsp;264 units.

The design by FJC Studio, selected through a competitive design process, breaks up the tower into three visually distinct sections to create what the architect describes as an "urban repair" along Elizabeth Street. The staggered forms aim to maximise views east over Hyde Park and north towards Sydney Harbour, while also reducing overshadowing across the parklands.

<img alt="Sydney skyline transformation to continue as Charter Hall pitch near-$1 billion skyscraper" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-11-04%20at%2010.15.05%E2%80%AFAM.png?VersionId=ADJyPnxYIZJ_vmEkQAw.zX3AS1jyaFAu" />

Sustainability is a focus, with plans targeting a 5-Star Green Star Buildings v1 rating, a 4-Star NABERS Hotel Energy rating, and a 3-Star NABERS Hotel Water rating. The building is also designed to exceed baseline BASIX standards.

Charter Hall’s proposal joins a cluster of major projects set to reshape this prime Hyde Park corridor. Just up the road, Central Element’s $100 million project at 271 Elizabeth Street will bring 53 apartments above new retail spaces, replacing the Hyde Park Inn hotel. Fife Capital has plans for a 17-level office and apartment redevelopment at 139 Elizabeth Street, further cementing the area’s shift towards a new mixed-use identity.

With its strategic location, diverse apartment mix, and integration of hotel amenities, Charter Hall’s project is expected to draw strong buyer and investor interest once it hits the market.

The $925 million development will deliver 441 hotel rooms and 264 apartments

City of Sydney backs Charter Hall’s $925m Hyde Park tower

South Mel​bourne’s Domain precinct is no stranger to transformation, but <a href="https://www.urban.com.au/buildings/the-eighth-south-melbourne-22-kings-place-south-melbourne-vic-3205">The Eighth</a> signals a new kind of shift - one that places lifestyle, wellness, and design on equal footing.

“When <a href="https://www.urban.com.au/developers/crema-group">Projects by Crema</a> set out to develop in <a href="https://www.urban.com.au/developments/south-melbourne-vic-3205">South Melbourne</a>, they wanted to create more than just an apartment project - they wanted to create a lifestyle hub,” says Taylor Dow, Managing Director at <a href="https://www.urban.com.au/project-marketer/dow-real-estate">DOW Real Estate</a>.

That vision has taken shape in an 18-level building that does more than simply house residents. The Eighth combines large-scale apartments, ground-floor hospitality spaces, and a rooftop wellness retreat, creating a true vertical community.

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On the residential levels, privacy is a defining feature. There are only 36 apartments in total, with layouts ranging from one to four residences per floor.&nbsp;

“Floor plans start from a generous 128 sqm up to our half-floor option, which is 256 sqm, and a penthouse soaring to 530 sqm of internal living space,” Dow explains.

[smartcode_project:default project_id=5345 project_image_fid=227030]

Inside, <a href="https://www.urban.com.au/interior-designers/mim-design">Mim Design</a> has approached each apartment as a carefully crafted sanctuary. Natural stone and marble floors, Gaggenau and Liebherr kitchen appliances, and expansive windows connect each space to the sweeping city and bay views beyond.&nbsp;

“Interiors feature natural stone, marble flooring, kitchens with Gaggenau and Liebherr appliances, and full-height windows and doors to take advantage of the elevated views,” Dow says.

[smartcode_project:default project_id=5345 project_image_fid=269726]

Above it all, the rooftop is a standout. More than a shared amenity, it’s designed as a dedicated wellness escape.&nbsp;

“One of the defining features of The Eighth is its private rooftop created as a wellness haven,” says Dow. The space includes a swimming pool, integrated daybeds, and an outdoor bar, offering residents panoramic 360-degree views across Melbourne.

[smartcode_project:default project_id=5345 project_image_fid=269728]

Location, too, plays a central role. Sitting just steps from the new Anzac Station, the Botanic Gardens, and Albert Park, The Eighth connects easily to both the city’s cultural heart and its green spaces.

Only a small number of residences remain available, positioning The Eighth as an option for those who value space, privacy, and an integrated lifestyle experience - all in one of Melbourne’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=5345]

The Eighth: A vertical community reshaping South Melbourne living

Infrastructure developments, both public or private, always drive demand to the suburb in questions. And with increased demand comes price growth.

Auburn, a small multicultural suburb on the fringe of the Parramatta CBD, looks set to become the next Western Sydney hotspot for significant uplift. This momentum follows the NSW Government’s approval to redevelop Auburn Village—the central shopping precinct adjacent to the train station.

The proposed mixed-use development will feature three new residential towers comprising 359 apartments, above a fully redeveloped commercial and retail precinct that includes hospitality venues and a new public plaza.

The project is being hailed as a cornerstone in Auburn’s transformation into a connected, amenity-rich urban centre.

Cumberland Council’s planning framework has been pivotal in shaping the redevelopment. By promoting affordable housing and integrated mixed-use precincts, the council is actively fostering diversity, sustainability, and accessibility—all key drivers of growing interest in the surrounding residential areas.

Set to benefit from the lifestyle uplift brought by the upgraded transport hub and retail offering—as well as the expected appreciation in property values—are purchasers in <a href="https://www.urban.com.au/new-apartments/north-village-auburn-square-35-northumberland-road-auburn-nsw-2144">North Village</a>, the newly launched stage of Auburn Square by developer Tian An LFD.

[smartcode_project:default project_id=149184 project_image_fid=324855]

Following the successful sell-out of stage one across the road, Tian An recently launched North Village to strong demand, with 25 per cent of apartments sold at the public launch.

Ray White WS Projects Managing Director Mark Bernberg said interest in North Village is being fuelled by its central location, trusted delivery partners, and standout buyer protections.

[smartcode_project:default project_id=149184 project_image_fid=324853]

Designed by acclaimed architecture firm Rothelowman, the development will deliver 264 smart-tech enabled one-, two-, and three-bedroom apartments, along with a suite of resident amenities including a gym, cinema, and rooftop garden. A Coles supermarket will anchor the ground-floor retail space.

North Village, currently under construction by iCIRT-rated builder Binah, is expected to be completed by late 2027. It is also the only new development in Auburn to offer the highly sought-after 10-year Latent Defects Insurance, protecting purchasers against structural and waterproofing defects for a full decade after completion.

[smartcode_project_cta:default project_id=149184]

Set to benefit are purchasers in North Village, the newly launched stage of Auburn Square by developer Tian An LFD.

Four bedroom Glenmore Park, NSW mortgagee home sold

Staff reporter

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