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The University of Adelaide has sold its Thebarton Campus to a group of Adelaide private investors to raise funds for a new medical, dental and nursing building.  
The 3.99 ha property, which was marketed through expressions of interest, was bought by Pep Rocca of Australasian Property Developments for an undisclosed sum.
The deal was brokered by Colliers International’s Paul Van Reesema, Alistair Mackie and Paul Tierney. Van Reesema said the sale price was in line with expectations.
Thebarton Campus is occupied by multiple third party tenants, including the university for several of its faculties and records storage. The university’s Vice-Chancellor and President Warren Bebbington said the university would continue to occupy various tenancies following the sale, by way of lease backs on commercial terms. 
“The sale was part of our divestment plan to fund our new medical, dental and nursing building, now nearing completion next to the new Royal Adelaide Hospital,” Prof. Bebbington said.
The portfolio was offered in four ‘super lots’ or as a whole, according to a media release. Thebarton Campus close to the Adelaide CBD and affords solid cash-flow opportunities and development potential given its Urban Corridor zoning, and building height limit of six levels.
“This sale represented a unique opportunity to acquire a major inner metropolitan infill land holding,” Van Reesema said.
With 28 buildings providing extensive accommodation, the portfolio offers significant holding income opportunities for a purchaser whilst planning and implementing a redevelopment project.
 
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University of Adelaide divests from Thebarton Campus to fund new medical building

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Queensland's Sunshine Coast is relatively young compared with other areas of the country, and staying ahead of the gentrification curve can prove profitable to property investors, according to valuation firm Herron Todd White.
The property consulting firm's property clock for March dealt with gentrification trends across Australia, identifying the hot spots.
In the Sunshine Coast, the older areas are typically found around the original council centres of Caloundra to the south, Maroochy to the centre and Noosa to the north. The main driver of gentrification is generally that these older areas are well located to amenities and close to the beach, thus creating demand for these locations as desirable places to live. 
In the old Caloundra Shire, the areas around Moffat Headland have always been popular. These areas have accelerated over recent years with a number of renovations or re-builds being undertaken. Being close to the beach and the village atmosphere really helps this area along. Remaining with the close to the beach theme, areas around Golden Beach to the south of the town centre and the Kawana strip to the north are seeing 30 to 50 year-old-housing being upgraded. 
The median price of houses in Caloundra was $444,000 according to RP Data. For units, it was $370,000.
In Maroochydore in the old Maroochy Shire, areas around the current and proposed town centres are in demand. Typically these are 1970s and 1980s vintage houses with the entry level being circa $400,000. Throw some dollars and nice design features at it and $500,000 should be achievable. Other areas of Alexandra Headland, Mooloolaba and Cotton Tree down on the coast and Buderim up on the hill have been going through this gentrification process over a number of years. 
Up north in the Noosa Shire the areas in Old Tewantin near the river and town centre and also Noosa Junction are seeing a significant number of renos and rebuilds, once again, in areas close to shops and cafes and the beach or river. 
One example in Old Tewantin is a property purchased for around $400,000. The owners undertook a sharp renovation and were able to achieve circa $575,000 - a great result. 
The type of gentrification has been restricted mainly to housing but there is a rise in duplexes and small lot housing which have really started to appeal to the lock and leave crowd who would rather travel then have to look after a big yard. 
Property Observer tracked down a two-bedroom unit at <a href="https://www.realestate.com.au/property-unit-qld-caloundra-122717314" target="_blank">16/41 Canberra Terrace, Caloundra, Qld 4551</a> (above) that recently sold for $375,000, around the median price.
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Sunshine Coast's older areas score on desirability due to location: HTW

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Sydney’s North West is trending into a sought after investment hotspot amid the soft development market and the investor rush to cash in on record low interest rates, according to real estate firm CBRE.
The recent sale of 2A Hector Court, Kellyville to supermarket chain Woolworths for $12.5 million through CBRE Capital Markets is a case in point. 
Tom Sheridan of CBRE’s Western Sydney Capital Markets team said areas such as Baulkham Hills, Castle Hill, Kellyville, Dural and Blacktown were particularly in demand from investors, mostly along busy thoroughfares and in neighbourhood centres. 
“The softening development market over the past five months is prompting buyers to park their money in investment assets, in order to benefit from historically low interest rates and tightening yields,” he said. 
The softening Australian dollar is also driving offshore groups to invest in Australia, with Asian buyers honing their focus on the North West, added Alex Mirzaian, senior manager, CBRE Capital Markets.
“In addition to the significant amount of local buyers in the market, including existing owner occupiers looking to expand, Asian buyers are targeting the region’s commercial and retail assets to acquire sites with a holding income,” said Mirzaian.
“Freestanding retail investments leased to blue chip tenants including major supermarket chains are sought after, with investors wishing to acquire these assets to anchor their property portfolios.” 
An oversupply of housing and undersupply of “community benefit stock” such as service stations, neighbourhood shops, grocers and food premises in Sydney’s North West was also prompting leading national brands to set up shop there, said Alex Ugarte of CBRE Capital Markets.
The elections and the debate on negative gearing has triggered a major shift in the residential market - which is contributing to the interest in the commercial and retail sector, he added. 
The sale to Woolworths was via an expressions of interest campaign, which saw strong interest from a range of investors due to the site’s B2 local centre zoning, according to CBRE executives. 
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Offshore investors target Sydney’s North West: CBRE 

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Warrnambool is Victoria's largest coastal city outside Port Phillip Bay and East Warrnambool in particular is starting to feel the effects of gentrification, according to property valuation firm Herron Todd White.
In their property clock for March 2016 -- a simple broad brush means to indicate the state of the market -- the valuation firm also dealt with the issue of gentrification in detail, including a section on Warrnambool.
East Warrnambool is an established residential area of Warrnambool, with development consisting of 1950s to 1980s built homes. 
"This area is starting to become more popular and heading towards a gentrification era, with the key driving factors being the relatively affordable nature of the suburb and its proximity to the CBD, beach and Hopkins River," said HTW. 
Most purchasers looking at an East Warrnambool location want to be able to buy at an affordable level and spend the money on either renovations or small developments, as there is no land in this area for larger residential developments. 
The five-year outlook for this area of Warrnambool is strong with purchasers hopefully being able to increase their capital in time, say HTW.
The median house price in Warrnambool was $322,500, while for units it was $260,000, according to recent RP Data.
As an example, a three-bedroom house at <a href="https://www.realestate.com.au/property-house-vic-warrnambool-122762490" target="_blank">1 Selby Road, Warrnambool, Vic 3280</a> (above) traded hands for $327,000, around the median price.
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Victoria's Warrnambool heads toward gentrification era: HTW

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A grain handling facility at Charam in Victoria’s West Wimmera region has been put up for sale and is expected to attract both local and offshore buyers.
Edenhope Storage is spread over 28.31 hectares and currently services around 80 growers in areas between Naracoorte, Casterton, Hamilton and Horsham. 
CBRE’s Phil Schell will steer the sale on behalf of joint owners the Holland family and Emerald Grain – an Australian grain trader.
“With south east Australia looking at a bumper crop year we expect the sale campaign to generate considerable interest from both local and offshore parties,” Schell said.
“A syndicate of farmers could look to acquire the property or it might be purchased by an investor with a view to striking a leasehold arrangement with growers or commodity traders.”
The property has road linkages to export terminals and domestic consumers in Victoria, South Australia and southern NSW.
Infrastructure includes 16 silos, two grain sheds, a smaller grain shed,  and two grain bunkers with expansion capabilities, providing a total storage capacity of nearly 90,000 tonnes.
It also includes a site office, weigh bridge, sample stand and machinery shed.
The property is for sale or lease through expressions of interest closing September 30. 
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Grain storage facility in Victoria’s West Wimmera ripe for purchase

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A listed Singaporean company has bought a Flinders Street commercial car park for an undisclosed sum following a keen contest for the site with views towards Southbank and future development potential.
The 1,270 sqm car park at 380 Flinders Street was sold by Colliers International’s Daniel Wolman, Matthew Stagg and Oliver Hay on behalf of a family that held it for more than 30 years. 
The seven level, 315-bay car park is a purpose built facility, accessed via Flinders Street with two other entrances/exits to Foxton Lane and Tavistock Lane. It is managed by Secure Parking, with the top floor leased to AAPT for its fibre cabling network, as well as ground floor retail.
Wolman said the international expressions of interest campaign drew more than 150 enquiries from interested buyers across Australia, China, Singapore, Malaysia and Hong Kong.
The eventual purchaser was a listed company out of Singapore.
Wolman said the property had future development potential once leases expired. 
“The property is located next door to the former Fletcher Jones site at 1 Queen Street, which has a permit for 18 levels on only 746 sqm,” he said. 
“It overlooks the Yarra River, with views directly towards the Crown Casino precinct.”
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Singapore-listed firm snaps up Flinders Street car park in Melbourne

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When it comes to office investment yields, Sydney is the standout leader. The harbour city leads a list of 11 gateway cities across the world tracked by real estate firm Savills and Deakin University.
Even as global yields slip, Sydney offers an investment yield at 5.62 percent, according to the World Office Yield Spectrum, with LA West and San Francisco the only other gateway cities offering yields above 4.5 per cent. 
The research, which compares 54 cities across Asia, Europe, the United States and Australia, is confirmation that office property is the asset of choice for investors looking for the most attractive yields in secure markets.
The report found yields had firmed by an average 32 basis points across the 11 gateway cities since December 2014 with both Munich and Tokyo’s yield falling 55 basis points, Hong Kong 40 basis points and Sydney a whopping 100 basis points. Singapore, at 4 per cent, saw yields soften 15 basis points in response to slower economic conditions.
Of the 54 cities, London’s West End, at 2.82 per cent, was the only other city to record a sub 3 per cent yield with Hong Kong, while Ho Chi Minh City (9.36 per cent) and Hanoi (9.00 per cent) offered the highest yield, however those yields reflected a perception of greater investment risk.
Report editor, Savills’ national head of Research in Australia, Tony Crabb, said 10-year bond yields had fallen by an average of 50 basis points around the world in the past six months, averaging around 1 per cent with negative rates in Japan and Germany.
“Property yields have continued to firm but bond yields are falling faster and, in that context, investors are viewing risk premiums of between 2 and 3 per cent in most office investment markets as fair value,’’ Crabb said.
The uncertain economic environment in most markets globally means office risk premiums would offer better value and hence drive greater demand and even firmer office yields, he added.
<a href="/images/2016/08/18/Screen%20Shot%202016-08-17%20at%2010.50.20%20PM.png" target="_blank">Click to enlarge</a>
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“Much of what happens in 2017 and beyond will depend on the course the US Federal Reserve takes with regards to interest rates. Chairman Yellen has made it perfectly clear that movements will be ‘data dependent’, so we wait.”
“The movements in US interest rates will determine how currencies behave, how trade flows and how capital moves around the world,’’ Crabb said.
He said the outlook for office yields was likely to be one of further compression, particularly in cities like Sydney where strengthening fundamentals were beginning to drive rental growth.
“Firming yields in many instances could be viewed as counter-intuitive as soft leasing markets have resulted in very high incentives and correspondingly low net rents, and so any growth in net effective rents, and thus returns, is certainly going to drive even greater demand for office property and ultimately firmer yields,” he said.
In Australia, large capital from overseas had encouraged many investors to dispose of property, rebalance portfolios and change their exposure which had led to a record 12 months turnover of nearly $33.4 billion in commercial property sales, said Crabb.
However, market fundamentals show the two-tone nature of the Australian economy with some indicators deteriorating in Perth and Brisbane, in contrast to improvements in Melbourne and Sydney. 
“Commercial property investment yields have firmed across the board but we still do not believe it has fully run its course. In some markets, fundamentals are improving rapidly and that improvement will lead to further tightening in yields as investment capital starts to price in expectations of future NOI growth. This part of the yield cycle is just beginning.’’
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Sydney leads world on office yields: Savills/Deakin Uni research

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In Queensland’s Bundaberg region you could buy land in a new estate and build the home of your choice within reach of the ‘lazy half million’ dollars, say valuation firm Herron Todd White in their July 2016 residential market report which analyses the property sector in the sub $500,000 range.
One can build a four-bedroom, two-bathroom home with a two-car built in garage at that price, the report claims. 
“Or if you prefer some more extras you could buy a three-to-four year old established home with a pool and a shed. Prices are steady and have been for the past few years,” say HTW. 
There have been a couple of sales of triplex properties or four at buildings that have been in the $500,000 to $600,000 range with returns around 6% to 7% for a mid 1990s brick complex. 
“If units are your thing, you could buy two two-bedroom units approximately 10 years old.” 
In short, the Bundaberg region is still a great place to live with great affordability for housing. 
Property Observer found a three-bedroom house at <a href="https://www.realestate.com.au/property-house-qld-bundaberg+central-122819314" target="_blank">1 McIlwraith Street Bundaberg Central Qld 4670</a> that recently sold for $155,000.
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Build a home of your choice for $500,000 in Queensland’s Bundaberg: HTW

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Sentinel Property Group has sold off the Jimboomba Junction Shopping Centre in Queensland’s Logan City for $27.48 million in an off-market deal, continuing with its recent divestment of assets.
The Coles-anchored neighbourhood shopping centre at 665-687 Cusack Lane services the rural township of Jimboomba in Logan City, midway between Brisbane and the Gold Coast.
Sentinel acquired the site in September 2014 for $20 million and the current deal follows on the heels of its sale of an industrial property at Richlands in Brisbane for $15.75 million.
The Jimboomba deal was brokered by Jacob Swan of JLL.
The property consists of five separate buildings with a total net lettable area of 5,949 sqm and 281 carparks. Tenants include Coles, The Reject Shop, Amcal, Caltex, Red Rooster, Brumby’s Bakery, Zarraffas Coffee plus 13 specialty retailers and professional suites.
Sentinel managing director Warren Ebert said it was a great result for its investors. 
“Investors in the Sentinel Jimboomba Retail Trust have enjoyed two years of consistent returns of 10% per annum paid monthly and now also benefit from a strong capital return on divestment,” he said.
“There is a time to buy and a time to sell and we will continue to review all opportunities to deliver attractive capital growth to our investors,” Ebert said. “We have bought very well in what were unloved sectors at the time but are now back in favour. As a result, we are receiving a number of unsolicited offers to acquire our strongly performing assets.”
Ebert said Sentinel was also exploring a number of potential acquisitions in the retail, industrial and office sectors nationally, in line with its investment criteria.
Brisbane-based Sentinel has more than 600 investors nationally who receive monthly returns from rental income, as well as special capital return payments on revaluations and capital growth returns on divestment.
Established in 2010, Sentinel (<a href="https://www.sentinelpg.com.au/">www.sentinelpg.com.a</a>u.) is among Australia’s top unlisted commercial property fund managers, with a portfolio of 43 retail, industrial, office, land, tourism and agribusiness assets valued at more than $1 billion.
It has occupied the No. 1 spot on the PCA/IPD (Property Council of Australia/Investment Property Databank) Non-Core Property Fund Index 42 of the last 49 months.
The index, introduced in October 2011, is backed by the global equity indexes of Morgan Stanley Capital International (MSCI) and is based on total fund performance.
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Sentinel sells Jimboomba retail centre in Logan City for $27.48 million

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To figure out how far the ‘lazy half-million’ can get you in the residential property market, valuation firm Herron Todd White liberally compares their readings from a year back in their July residential market report on housing for under $500,000.
“Last year we stated that you would get a lot more bang for your buck than the year before and 12 months later you can now get even more! If you are a glass half empty type, then the Mackay market has seen significant falls in value on the back of the mining downturn in the Bowen Basin. Values across the board are down 15% and fast approaching 20%," write HTW in their July 2016 residential market report.
“However, if you are a glass half full type, then the current market presents some of the best buying opportunities seen in Mackay in almost ten years. The big question is has the market hit bottom? Unfortunately that is a bit tricky to establish at present and only time will tell," it adds.
“Unfortunately, the verdict 12 months on is that we have not hit the bottom, with values falling further in the past 12 months. So the lazy half million will get you even more bang for your buck than seen in almost 12 years.” 
For $500,000, one can get a large executive-style rendered dwelling around 10 years old or younger with shed and pool in the northern beaches, with some change still in the back pocket, say HTW.
“In the better quality estates in the north, you can now get good quality brand new dwellings from most of the builders in Mackay for under the $500,000 mark.” 
In the traditional older suburbs south of Mackay, there have been very limited sales of older style Queenslanders over the $500,000 mark. It is considered that you can get a fully renovated large Queenslander for this price point now. 
Again this statement from last year still holds true today. “The big question is has the market hit bottom? Unfortunately that is a bit tricky to establish at present and only time will tell.” 
Property Observer found a three-bedroom apartment with ocean views at <a href="https://www.realestate.com.au/property-unit-qld-mackay-121417258">26/4 Nelson Street, Mackay, Qld 4740</a> (above) that recently exchanged hands for $420,000.
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More bang for your $500,000 property wish in Queensland’s Mackay in 12 years: HTW 

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

Joel Robinson

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

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The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

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Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

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The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

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“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

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Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Prateek Chatterjee

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