Brisbane CBD Archives - Kangaroo Point News

$4 Million Sub-Penthouse Sets New Benchmark in Brisbane CBD

Photo Credit: Ray White Inner Brisbane Apartments

A stunning sub-penthouse in Brisbane’s exclusive River Place Apartments has commanded top dollar, setting a new price point for CBD living.

The property at 319/82 Boundary Street, Brisbane City has sold for $4,000,000, placing it among the top sales in Brisbane City and adding momentum to Brisbane’s growing prestige market. Handled by Colin Walsh of Ray White Inner Brisbane Apartments, the sale took place on 17 April 2025 and marks a significant increase from its previous sale price of $3,150,000 in October 2023.

About the Property

This iconic River Place Apartments residence offers sophisticated urban living with unparalleled views of the Brisbane River, City skyline, and Story Bridge.

Photo Credit: Ray White Inner Brisbane Apartments

Set on a 300m² floor plan (225m² internal, 75m² external), the home features:

4 bedrooms, 2 bathrooms plus powder room
Recently renovated gourmet kitchen with luxury fixtures and impressive marble benchtops
Expansive 75sqm apartment-width balcony showcasing spectacular river and city views
Multiple living areas including separate formal dining and generous home office
Three storage areas including an extra-large 18sqm storage space
Two side-by-side secure car spaces

Location & Lifestyle

Brisbane City is known for its exclusive riverfront residences and vibrant urban lifestyle. The home sits just minutes from Howard Smith Wharves and within walking distance of Eagle Street Pier, the new Albert Street Station, and the Queen’s Wharf Brisbane precinct.

Why This Sale Stands Out

Last sold for $3,150,000 in October 2023 – representing 27% growth in just 18 months
Previous sale history shows long-term value appreciation from $1,250,000 in 2000 to $4,000,000 in 2025
Features rare sub-penthouse positioning on the 36th floor with panoramic river views
Offers one of the largest private balconies in Brisbane’s CBD apartment market

This sale demonstrates the rising ceiling for top-tier apartments in Brisbane City and suggests increasing demand for prestige properties with views, space, and prime positioning.

Street Profile & Sales Context

The River Place Apartments complex is highly sought after by buyers locally and internationally for its exclusive facilities and prime location.

Properties in this building are typically tightly held, and this particular sub-penthouse offers what many consider the best floor plan in the building, with River Place maintaining strong value even during market fluctuations.

“This stunning sub-penthouse represents the pinnacle of Brisbane CBD living,” said Colin Walsh, from Ray White Inner Brisbane Apartments.

This sale at 319/82 Boundary Street is not just a record-breaker — it’s a story of luxury, location, and the continuing rise of Brisbane City as one of Brisbane’s most desirable addresses for discerning apartment buyers.

Published 30-April-2025

Redevelopment of 200 Turbot Street Secures Conditional Agreement with Mirvac

The proposed redevelopment of 200 Turbot Street in Brisbane CBD, formerly rented out to The University of Queensland Dental School, has made a conditional agreement with Mirvac to secure a leasing pre-commitment for the new commercial high-rise.

With the conditional agreement in place, Deputy Premier and Minister for State Development Steven Miles said that the $670 million project is now one step closer to the goal and will help the state’s economic recovery post-COVID.

“The major redevelopment is estimated to support about 360 jobs per year over a proposed three-year construction phase,” Mr Miles said. “Redevelopment of the site is conditional on Mirvac securing arrangements that will ensure the site becomes a vital part of Queensland’s commercial sector and stimulates construction activity.”

Brett Draffen, the Chief Investment Officer of Mirvac, said that 200 Turbot Street will become a world-class workplace precinct that will “attract a high calibre of tenants.”

“The building will also benefit from significant government investment in local infrastructure including Cross River Rail, Brisbane Metro and Brisbane Live,” Ms. Draffen added.

“We look forward to working with the Queensland Government, Brisbane City Council and our future occupants to co-create a next generation workplace that responds to the needs of a post-COVID-19 workforce and enhances the Brisbane CBD.”

The site is next to the heritage-listed building of the former Brisbane Dental Hospital. The State Government expects that the redevelopment of 200 Turbot Street will also boost options for the lease renewal of its neighbouring building.

Party Over for The Stock Exchange Hotel as The Riversdale Group Announces Closure

Eight years after The Riversdale Group relaunched The Stock Exchange Hotel, the company announced it will be closing the iconic site in December. Its popular Sundays at Stockies, however, will be moving to a bigger location but the details are still under wraps.

The Riversdale Group didn’t provide a specific reason for the closure but workers on site relayed that the COVID-19 restrictions have had a huge impact on its operations. Whilst the restrictions were relaxed in recent weeks, it was too late to save the hotel.

Around 30 staff will lose their jobs at an unfortunate time, with Christmas just around the corner.

“The Riversdale Group would like to take this opportunity to thank our valued customers, suppliers and contractors who have supported us over the years. We are especially proud of the experience our dedicated team has always delivered to our guests,” the management said in a statement.

“A huge thank you to our loyal staff who stayed with us during lockdowns and restrictions—your hard work and dedication is beyond measure and we are truly grateful for all your efforts in keeping The Stock Exchange Hotel trading in 2020.”

The Stock Exchange Hotel was established in 1863 at the heart of the inner-city and amidst the high-rises. The Riversdale Group refurbished the property to create a rooftop beer garden, which provided the most enjoyable atmosphere for drinks after work.

The site of countless Brisbane events, The Stock Exchange Hotel has always catered to different clientele, locals or visitors.

“My first club was the Stocky in 1987 and we partied there every Saturday night for years. The stocky = Bloody great memories,” Joanne Rees shared on Facebook.

“This was my old stomping ground for about 5 years, because I worked in the building beside the Victory across the road. Had a lot of big lunches & big nights at The Stock Exchange,” relayed Karen Kriesch.

Relieve your memories at the Stocky one last time and visit the site before it closes on 13 Dec 2020.

Little Red Dumpling Moves Downstairs to Pancake Manor’s Iconic Site

Can’t get enough of Asian dumplings? Soon, you’ll get your fill of these delicious bites from the thriving Asian eatery, Little Red Dumpling, which is set to open its 10th location in Brisbane CBD.

Little Red Dumpling is moving into the downstairs section of the iconic red building of the 41-year-old restaurant, Pancake Manor, on Charlotte Street.

The plans are all set for the Asian eatery’s development, through Sydney architects The Calabur, after the owners secured a long-term tenancy in the heritage-listed site.

Little Red Dumpling at the Pancake Manor could begin trading early next year.

The Asian eatery is famous for its handmade sweet and savoury dumpling varieties, braised beef noodle soup and cumin lamb ribs. Its potato custard buns, the newest addition on the menu, is also fast becoming a crowd favourite.

Every food choice washes down well with a bottle of ice-cold Tsingtaos and it’s how the elders in Guangdong enjoy their meals — sipping beer and consuming homemade dumplings.

Little Red Dumpling has outlets in Carseldine, Coomera, Cannon Hill, Maroochydore, Newmarket, Sunnybank Hills, Springwood, Toombul, Victoria Point and West End.

For updates on the CBD store’s progress and opening, follow the restaurant’s Facebook page.

“My wife and I had an enjoyable lunch here. We ordered the Pork Chive dumplings, Pan-Fried Pork dumplings and Xiao Long Bao dumplings, all were delicious and reasonably priced. The restaurant has a nice and clean contemporary interior and service is good. We’ll definitely be returning.”
jghoo, Tripadvisor

“Staff were very nice. Loved the food. Wontons in red chilli were great. As were lamb and coriander dumplings and pork dumplings. Definitely go again.”
Lyndal, The Fork

“Small in stature but nice friendly staff, love all the different dumpings that came out in the banquet menu selection. The desert especially the green tea ice cream was delightful, prices were good as well.”
Peter G, The Fork