This stunning four-bedroom Queenslander is currently undergoing an extensive renovation, seamlessly blending classic charm with contemporary elegance. Maintaining its beautiful original bones, the home is being elevated with a full internal transformation, offering a fresh, modern take on a timeless classic. Situated on 238 sqm of freehold land within the highly anticipated Parque development, this residence is perfectly positioned in the heart of Norman Park, just 5km from the Brisbane CBD. Due for completion later this year, this is an exclusive opportunity to secure a beautifully reimagined Queenslander in a blue-chip location. Features: - Great separation of bedrooms - Large outdoor entertaining area - Plunge pool - Walkin wardrobe in the master bedroom - Expansive living and dining area - Great flow from indoor to our door - Bath in 3rd bathroom Contact Tahlia today to find out more information.

Parque, Norman Park - 118-120 Norman Avenue, Norman Park

36 Warry Street, Fortitude Valley

After experiencing calendar year growth not seen in nearly four decades, it was inevitable that Brisbane’s unit market would eventually cool.

Although it hasn't reached the exceptional monthly growth levels seen last year, which drove a total annual increase of well over 16 per cent, January kicked off 2025 with a strong 0.6 per cent gain, according to CoreLogic's latest Home Value Index.

The unit market outpaced houses again, which were up 0.3 per cent in Jan.

The median value for a unit in <a href="https://www.urban.com.au/developments/brisbane-qld">Brisbane</a> is now $685,000, while the median house value is $977,000.

Only Brisbane and Perth recorded an increase in dwelling values (houses and units combined) last month, CoreLogic found, with a nation-wide slowdown expected to only last a brief period given the upcoming interest rate drops.

CoreLogic Research Director, Tim Lawless, noted that affordability constraints and rising advertised supply levels have contributed to the cooling trend.

<h2>What happened in Brisbane’s off the plan apartment market in January?</h2>

The Brisbane off the plan apartment market showed signs in January that we're in for another strong year.

Enquiry levels across new and off the plan apartment developments in Brisbane were at a five-month high, according to <a href="https://industry.urban.com.au/data-insights">MatterFact</a>, the data partner of <a href="https://www.urban.com.au/">Urban.com.au</a>.

Interest in properties priced between $500,000 and $1 million surged, driven largely by the launch of <a href="https://www.urban.com.au/new-apartments/astra-apartments-gaythorne-16-station-avenue-gaythorne">Astra Apartments</a> in <a href="https://www.urban.com.au/developments/gaythorne-qld-4051">Gaythorne</a> which hit the mark on the affordability scale.

[smartcode_project:default project_id=148948 project_image_fid=320219]

A sign of intent is always search - and search activity for suburbs across Brisbane was well over the 2024 median in January.

Upper Mount Gravatt emerged as the most searched suburb across Brisbane, with notable spikes in search for&nbsp;<a href="https://www.urban.com.au/developments/hamilton-qld-4007">Hamilton</a>, <a href="https://www.urban.com.au/developments/west-end-qld-4101">West End</a>, and <a href="https://www.urban.com.au/developments/kangaroo-point-qld-4169">Kangaroo Point</a>.

[smartcode_project:default project_id=114215 project_image_fid=210749]

The most exciting news in Brisbane in January was an Urban exclusive. We reported that <a href="https://www.urban.com.au/developers/icd-property">ICD Property</a>, who is behind landmark towers in Melbourne, Sydney and Adelaide, bought the well-known R&amp;F site in West End.

The 1.68-hectare site,&nbsp;formerly home to Riverside Corporate Park, has had previous approvals for a multi-tower precinct with around 1,000 apartments, a retail plaza, and a riverside walkway.

ICD will file a new application with a different design.

<img alt="Exclusive: ICD Property secures riverfront West End site for Brisbane's latest multi-tower precinct" 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/Screenshot%202025-01-21%20at%201.50.25%E2%80%AFPM.png?VersionId=8gLSNkWvhxKuY5vvmYcF7NKji0gZmoah" />

The only other significant development application in January was in East Brisbane where&nbsp;<a href="https://www.urban.com.au/developers/rg-property">RG Property Group</a>&nbsp;is seeking to developer a 10-level apartment development near the future Olympic Games Precinct.

The Wellington Road site already has approval for an eight-level building. RG's plans for the new project, dubbed The Banksii, are for 72 apartments.

&nbsp;

<img alt="First look: RG Property files for Brisbane Olympic Games precinct apartment tower" 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/Screenshot%202025-01-09%20at%203.57.59%E2%80%AFPM.png?VersionId=xQw.MAEHV9KiTYc2hhMekO5ZKpv2f3pG" />

The redesign by <a href="https://www.urban.com.au/architects/mas-architecture-studio">MAS Architecture</a> incorporates a rooftop swimming pool, a gym, and a public laneway connecting Wellington Road to Manilla Street.&nbsp;

The&nbsp;<a href="/developments/woolloongabba-qld-4102">Woolloongabba</a> precinct continues to attract investment, with several residential projects in the pipeline alongside public infrastructure upgrades.

Enquiry levels across new and off the plan apartment developments in Brisbane were at a five-month high, according to MatterFact, the data partner of Urban.com.au.

Joel Robinson

City Beat January 2025: Brisbane unit market continues upward trajectory as off the plan enquiry reaches five-month high

Rhett Williams' RG Property Group is the latest to join the residential apartment development scene in the booming Brisbane Games Precinct around Woolloongabba.

RG Property, a diversified developer predominantly playing in the shopping centre and office space nationally, recently acquired the 1,619 sqm site at 169 Wellington Road, East Brisbane, just 800 metres from The Gabba. The site purchase came with approval for a 50-unit, eight-level building.

The developer is seeking to push the height to 10 levels, and increase the density to 72 apartments, in a building dubbed <a href="https://www.urban.com.au/new-apartments/banksii-169-wellington-road-east-brisbane-qld-4169">BANKSII</a>,&nbsp;in response to its design that was inspired by the Banksia flower.

Now on offer will be nine one-bedroom apartments, 36 two-beds, and 27 three-bed apartments. A rooftop will home swimming pool, pool deck, a bar, and a barbecue and alfresco area. There will also be a gym on the podium level.

<img alt="Rooftop" data-entity-type="file" data-entity-uuid="7fa7be62-7ac8-403b-bd3d-651c224b8507" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-09%20at%203.07.28%E2%80%AFPM.png?VersionId=Y1fPPvWPgoNmUuVhfk__JaRXRXRuE0SS" />

MAS Architecture has come in for the redesign of the building.

In the documents submitted, MAS said the design concept draws deeply from the Grevillea Banksii, a flowering plant native to Queensland which is&nbsp;mostly found on the Queensland coast from Ipswich to Yeppoon, but sometimes further inland. The shrub, or slender tree, has divided leaves with four to twelve narrow lobes, and creamy white to bright scarlet and yellow flowers.

MAS said the 10-level residential tower is "poised to redefine East Brisbane’s urban fabric."

"Framed by the city skyline to the north, the river to the east, and parklands with mountain vistas to the west, the site presents a rare opportunity to celebrate Brisbane’s distinct landscape.

"The re-imagined ground plane aims to anchor the building within its context, combining landscaped elements with communal spaces to enhance its connection to the streetscape. The architectural design responds by creating a striking yet contextually grounded presence, balancing inspiration from nature with a refined urban sensibility."

<img alt="East Brisbane" data-entity-type="file" data-entity-uuid="29c62e47-db1c-4a13-bfa0-19a69bf757f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-01-09%20at%203.07.37%E2%80%AFPM.png?VersionId=.KkSmV_o4bux1FDVYRr39h2cz0tadKsX" />

Town planner Urbis noted that, whilst the proposal is generally consistent with the existing approved development, there are additional elements that elevate the design, liveability and public realm to achieve a significant improvement compared to the previous design.

"More glazing has been incorporated to maximize the views of Raymond Park and improve the flow of natural light to each apartment within the tower."

RPG held a pre-lodgement meeting with the Brisbane City Council in October, with the council supportive of the proposed amendments, agreeing that the&nbsp;amendments were relatively minor in nature.

The development will include a laneway that will partially open to the sky and connect Wellington Road to&nbsp;Manilla Street. It will also provide the opportunity for a public art installation.

RG also has approved plans for a former bread factory in Fortitude Valley. The plans 15-level tower, rising from the heritage-listed building that would home 118 apartments, were approved in 2023.

The Woolloongabba precinct is a buzz with both private and public infrastructure projects. Mosaic has a second project in Kangaroo Point <a href="https://www.urban.com.au/new-apartments/77-linton-street-kangaroo-point">pending launch on Linton Street</a>, while Sarazin is currently developing <a href="https://www.urban.com.au/new-apartments/murcia-residences-east-brisbane-9-overend-street-east-brisbane">Murcia on Overend Street</a>.

The design for BANKSII took inspiration from the Banksia flower

First look: RG Property files for Banksii, Brisbane Olympic Games precinct apartment tower

The national property developer RG Property have lodged plans for a 15-storey residential tower in the heart of the buzzing Fortitude Valley.

The base of the tower, proposed for&nbsp;36 Warry Street, is weaved into the existing heritage fabric that occupies the site, blending in between the buildings of Keating’s Bread Factory, which was established back in 1879 before becoming one of the major bread making companies in Brisbane.

Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.

<a href="https://www.urban.com.au/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1210" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.55.42_am.png" width="1266" /></a> 
View of the proposed development from Kennigo Street. Credit: Blight Rayner

The ground level concept is to integrate the heritage buildings with the new built environment by linking them into a pedestrian laneway activated by food and retail outlets, forming the heart of the development.

“Initially, the historic buildings are intended to retain their predominantly office uses but over time, they may gradually change to retail and dining uses once the laneway gains a reputation as a hub of day and night life in Spring Hill,” said Blight Rayner in their development documents.&nbsp;

“The strategy for integrating new and old is twofold. One, by way of matching podium scale and two, by using a contemporary version of the heritage material palette, seeking not to imitate but add a new complimentary layer to the old,” they added.

Level one will home a yoga/pilates terrace along with a gym, which will overlook the bustling streetscape, in addition to three apartments that open out on to surrounding gardens.

<a href="https://www.urban.com.au/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1216" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.56.03_am.png" width="2018" /></a> 
Elevated view above Warry St. Credit: Blight Rayner

Four vertical gardens, one on each side, are planned to enable vines to drape down each level and to grow laterally onto adjoining screens on the street-facing elevations.

Designed with the owner-occupier in mind, apartments offer a variety of layouts and floorplans, catering to differing living and lifestyles.

Large balconies are provided to all apartments and depending upon their orientation, balconies are variously open or screened.

The balconies provide depth to the three-dimensional form creating articulation around all sides, generally positioned on the corners of the building, giving two-way views as well as softening the built form.

“The typical apartment floors are accessed by an L-shaped corridor that opens up to gardens at each end and is naturally ventilated. The layout enables the majority of apartment balconies to occupy corners to optimise both outlook and aspect."

<a href="https://www.urban.com.au/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1208" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.56.13_am.png" width="2010" /></a> 
Elevated view above the existing heritage building. Credit: Blight Rayner

Two penthouse levels provide larger apartments on the southern side of the tower, while creating a distinctive top to the built form.

Crowning the tower will be an expansive roof garden and swimming pool, with the intent that plants will drape over each edge and be highly visible from the streets and afar. The gardens will also screen the plant enclosure and surround a large barbecue plaza for its solar protection, reinforced by a lightweight, open pergola structure

The site has relatively good access to buses and Fortitude Valley Train Station, while sitting within walking distance of the Brisbane CBD, the new Fortitude Valley State Secondary College, and a host of other convenient amenities.

“The 36 Warry Street Project represents an exciting opportunity to enhance Spring Hill as a lifestyle precinct and inner-city destination."

Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.



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