Spring Hill Apartment Values Overtake Houses as Oria’s Facade Revealed Opposite Olympic Stadium Site

Apartment values in Spring Hill have overtaken the suburb’s standalone houses for the first time, according to Keylin, which has marked the point by pulling the scaffolding off Oria, its 15 storey Art Deco inspired tower at 447 Gregory Terrace and the first residential building to look directly across the road at the site of Brisbane’s 2032 Olympic stadium in Victoria Park.

The developer’s claim rests on a comparison of PropTrack data, which puts the average price of a home in Spring Hill at $2.28 million, against Oria’s large three bedroom apartments, which span up to 246 square metres and average $3.2 million. Keylin managing director Louis Cheung reads the gap as a deliberate change in how inner-city buyers are choosing to live rather than a quirk of a small suburb’s numbers.

Apartment living was once viewed as a stepping stone to home ownership. Today, buyers are making a deliberate choice to live in larger apartments, rather than traditional homes, so they can be closer to their work, children’s school and everyday convenience. Buyers are choosing to live in the heart of the city without compromising on space, quality and lifestyle.

Louis Cheung, Managing Director, Keylin

Brisbane Development has followed Oria since Keylin unveiled Queensland’s first pickleball court inside an apartment building in May 2025, and reported when the tower topped out in April after a 15 month structural build by CoStruct. The facade reveal is the most visible milestone since: more than 10,000 square metres of scaffolding is being removed to expose the scalloped aluminium exterior that MAS Architecture Studio drew from the Art Deco buildings scattered through Spring Hill.

For the first time, people can see Oria as it was intended, a unique building and landmark for Spring Hill and Brisbane city.

Louis Cheung, Managing Director, Keylin

MAS Architecture Studio managing director Nick Symonds says the design was never meant to copy the suburb’s century-old buildings, but to borrow their attitude.

The Art Deco movement was about art, lifestyle, opulence, and the bold use of technology and innovation. At Oria, our design approach wasn’t about replicating century-old designs, but about embodying that spirit and using those ideas to create something entirely new. The scalloped elements on the facade draw inspiration from the arches of the Art Deco buildings found throughout Spring Hill and have been reinterpreted through a contemporary lens. Crafted from aluminium, each scallop has been bent and moulded much like a boat hull, then hand-finished to achieve a refined result.

Nick Symonds, Managing Director, MAS Architecture Studio

Oria holds 132 apartments across two, three and four bedroom layouts on the roughly 3,700 square metre former Energex site, and Keylin describes it as the first project in Spring Hill to offer large format apartments aimed at people who live, work or send their children to school nearby. Almost 2,000 square metres of shared amenity runs from a rooftop pool and wellness spaces to private dining, a cinema, music and games rooms, a business centre, a gym and the pickleball court.

With almost 2,000 square metres of amenities, these shared spaces are an extension of each apartment, giving residents everything from a rooftop pool and wellness spaces to private dining, a cinema, music and games rooms, and even a pickleball court.

Louis Cheung, Managing Director, Keylin

The final release of residences is now on the market, led by the Sky Homes collection of two bedroom apartments on the upper levels with three metre ceilings and a choice of city skyline or Victoria Park outlook, which Keylin held back until the views could be seen from the finished floors. Two bedroom apartments start at $1.6 million, and two display apartments are open by appointment. Construction is on track to welcome the first residents in early 2027, well ahead of the works for the 63,000 seat Olympic stadium across Gregory Terrace and the wider precinct set out in Arup’s draft legacy plan for the Victoria Park precinct.

With three-metre ceilings, the Sky Homes deliver a greater sense of scale, light and connection to the surrounding views. It was important to us that these homes were released at a point where their outlook could be genuinely appreciated in real time.

Louis Cheung, Managing Director, Keylin

Project Rundown

Keylin Group is a privately owned south-east Queensland developer whose flagship is Serenity 4212, the 65 hectare master planned community beside the Coombabah Lakelands Conservation Reserve on the northern Gold Coast, delivered in a joint venture with Kinstone Group through the Serenity Waters, Serenity Green and Serenity Reserve stages.

In Brisbane the company has been busy this year: alongside Oria it has lodged Lotus on Water Street, a 15 storey tower above the heritage Brunswick showroom in Fortitude Valley, and a 15 storey Jackson Teece tower at Kangaroo Point. Oria itself was revived from a twin tower and hotel scheme approved in 2021 and shelved in 2023, returning to market in 2025 as a single residential building of 132 apartments.