Spring Hill

Can Spring Hill apartments stop Can Do?

The media’s had a good run at would-be Queensland Premier Cambell “Can-Do” Newman over the past week, with accusations of non-disclosure of family assets. And a Leichhardt Street apartment project was amongst the items raised by Labor with claims Newman’s family stand to make millions from the sales.

We won’t weigh into the politcial debate but here’s one observation from a local real estate agent: there doesn’t look to be much happening with this project and the idea that anyone will make millions from it (at least in the next couple of years) looks pretty unlikely to us. The Spring Hill apartments were launched to the market almost 2 years ago¬†and at the time they said construction would be completed by “mid 2011”. We don’t see any action on the site yet…