Tom Dooley Starts Work on 160-Home Highrise at Brisbane’s Newstead

It also includes more than 3000sq m of resident amenities—a wellness and work-from-home retreat on level 5 and a rooftop communal recreation area.

Dooley, the founder and managing director of Tom Dooley Developments, said the site was selected following an extensive search for a parcel positioned outside the higher-density Gasworks precinct.

“When this site became available, I knew immediately that it had the qualities we look for,” he said.

“It offers the combination of connectivity to the city, protected parkland and river views, walking distance to shopping and dining precincts, while being positioned outside the higher-density Gasworks district at Newstead.

“Sites with those characteristics are extremely difficult to find, which is why we undertake extensive due diligence and are prepared to wait for the right opportunity.”

▲ Renderings of Tom Dooley’s 29-level Solais Residences tower at 176 Breakfast Creek Road, Newstead.

Dooley said the Brisbane market’s fundamentals remain buoyed by key macroeconomic factors ahead of upcoming civic milestones.

“Brisbane continues to benefit from population growth, major infrastructure investment, expanding employment opportunities and constrained housing supply, while the investment and transformation under way in the lead-up to the 2032 Olympic and Paralympic Games will continue to strengthen the city’s appeal,” he said.

Total Property Group managing director Adrian Parsons, whose firm is managing sales, said buyers in the current market environment were placing greater emphasis on build certainty and developer track record.

“Buyers at the premium end of the market are increasingly discerning,” Parsons said. “They are looking closely at location, apartment size and design, amenity, the experience of the developer and builder and, importantly, certainty around delivery.”