The average entry-level price was more than $2 million for off-the-plan developments in Brisbane on sale during May.
Plans for the luxury tower were lodged with Brisbane City Council on Wednesday.
Developments in South Brisbane,the CBD,Banyo and Meadowbrook are the latest to be deemed a priority by the state government.
The deputy premier has greenlit the plan by Ormiston College after it bypassed the council and sought special permission from the state.
It’s the road that Brisbane cyclists say they are least comfortable riding along. Now it’s set to be overhauled,with the council asking for feedback on two bikeway options.
The investment in roads and utilities will supercharge new suburbs on the fringes of Greater Brisbane and in Queensland’s far north.
“It’s something we’re working well with the council on,” Queensland premier David Crisafulli said on Friday.
Buildings up to 15 storeys will be permitted along some streets near the bayside suburb’s station and CBD,despite a backlash by residents.
Alan Hoban was named as the lead author of new guidelines for Queensland developers. He says they’re wrong,and shouldn’t have been released.
The empty block was previously a small white-brick apartment complex in one of Brisbane’s highest-density suburbs.