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The Gold Coast has had a bad rap especially in the last few days, if not always.
Columnist Terry Ryder called it the <a href="https://www.propertyobserver.com.au/hotspots/the-gold-coast-is-the-titanic-of-the-australian-property-industry/2013081464209">Titanic of the property industry</a>, even agreeing with a certain Queensland bureaucrat that it’s harder to fix than herpes.
Today Property Observer reports 40 of 41 <a href="https://www.propertyobserver.com.au/queensland/hilton-surfers-paradise-resale-price-collapse-for-but-one-exiting-property-investor/2013082164115">apartments in the Hilton development in Surfers Paradise have resold at big losses</a>.
Just one of the original buyers has managed to resell an apartment at a higher price – a measly $5000 after six years.
But according to Colliers, <a href="https://www.propertyobserver.com.au/queensland/gold-coast-apartment-supply-reaches-10-year-low-colliers/2013081564229">Gold Coast apartment supply has reached its lowest level in a decade</a> with no new stock added to the market in the June quarter, while sales were steady.
{module Given unit stock levels on the Gold Coast are at a decade-low should investors do some research on its possible investment merits?}
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po-LsXgBTHBmX

Steer well clear of the Gold Coast?

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Mayor Bloomberg tells CNN how cities can be climate change leaders.

<a target="_blank" href="https://twitter.com/Barangaroo"><img alt="tweet-of-the-day-aug-22" height="52" width="470" src="/images/stories/2013/08/tweet-of-the-day-aug-22.jpg"></a>
<a dir="ltr" class="twitter-timeline-link" href="https://shrd.by/kKqvGk" rel="nofollow" target="_blank" data-expanded-url="https://shrd.by/kKqvGk"> </a>
<div class="stream-item-footer">
It was a tweet from the big city-changing Sydney project, Barangaroo, which will transform 22 hectares of former industrial land into a new CBD waterfront precinct.
You can watch mayor Bloomberg's interview <a target="_blank" href="https://shrd.by/kKqvGk">here</a>.
Recently Sydney estate agent John McGrath noted one of the most attractive traits of Sydney’s Barangaroo development was its green credentials. “One of the coolest things about Barangaroo is its plan to be Australia’s first large-scale carbon neutral community – in fact, the aim is to make it the first of its size in the world to be climate positive,” <a href="https://www.propertyobserver.com.au/developments/john-mcgrath-s-sights-set-on-sustainability-at-barangaroo/2013082164397" target="_blank">McGrath wrote</a>.
 
</div>
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Mayor Bloomberg on how cities can be climate change leaders

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It’s never too late to start saving for a property, but most suggest the earlier you start the better.
There's the chance for pending buyers to take advantage of their tax returns, other lump sum payments or bank interest to beef up their savings accounts.
St.George retail banking general manager Andy Fell offers these handy tips to help improve your bottom line.
·     Keep a track of your spending - Online and mobile banking make it easier to keep track of your spending. 
·     Reduce your debt - When possible, try to make extra repayments on your loans and remember to shop around to ensure you’re getting a good deal.
·     Set a budget - This is the most important step for anyone wanting to save money and improve their financial situation. Ensure it includes all types of income such as quarterly bills and general expenses so nothing crops up unexpectedly. 
·     Set achievable goals - Savings goals need to be realistic, even if it feels like a slow process; but allow yourself occasional treats.
·     Change a habit - Choose something you pay for regularly and see if you can cut back. For example, make your lunch at home or buy one less coffee a day.
·     Reward yourself - A small reward once you reach set milestones will help boost your motivation to keep saving.
·     High interest savings account - Choose a savings account that gives you the highest interest rate and deposit a set percentage of your income in your savings account each week.
·     Get competitive - Find a friend or family member who wants to save as well, and start a bit of friendly rivalry to help boost your motivation.
Source: St George Bank
 
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Deposit savings tips

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Demographer Bernard Salt from KPMG has identified a list of six Melbourne gems attracting generation Y buyers.
They are predominantly in the inner west and are formerly industrial suburbs that are attracting a younger demographic.
His picks shows suburbs in Melbourne where the increase in median household income between 2006 and 2011 was more than double the national average of 20%, according to the Australian Bureau of Statistics Census.
Salt says in his Australian Property Investor article property prices in these areas should have increased with the income of residents as people there now have a greater capacity to take out mortgages.
We have checked RP Data to see if his picks stack up. We compare price changes over the past five years to demographic changes between 2006 and 2011.
<a href="/news">Maidstone</a> – Household income is up 46% and house prices are up 13.8% over the past five years, between 2008 and 2013, and unit prices are up 12.0%
<a href="/news">Maribyrnong</a> - Household income is up 45%. House prices are up 15.8% over the past five years and unit prices are up 25.4%.
<a href="/news">Burnley</a> - Household income is up 43% and unit prices are up 12.1% over the past five years.
<a href="/news">North Melbourne</a> - Household income is up 41%. House prices are up 12.7% over the past five years and unit prices are up 15.8%.
<a href="/news">Footscray</a> – Household income is up 41%. House prices are up 20.0% and unit prices are up 30.1%.
<a href="/news">Alphington</a> –Household income is up 40%. House prices are up 17.3% and unit prices are up 27.5%.
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Bernard Salt’s six possible Melbourne price growth gems for investors to monitor

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 <img src="/images/stories/2013/08/colliers-logo.jpg" width="300" height="194" alt="colliers-logo" style="display: block; margin-left: auto; margin-right: auto;">
Agent: Daniel Wolman<img src="/images/stories/2013/08/daniel-wolman-aug-21.gif" width="200" height="200" alt="daniel-wolman-aug-21" style="float: right;">
Position: Senior Executive, Investment Sales
Company: Colliers International

Office location: Melbourne
1. How long have you been in the industry? 
Coming up to three years, focusing on Melbourne CBD sales
2. What’s happening in the area you specialise in?
Local investors are coming back into the market in a big way due to low interest rates and the easy access to borrow funds for prime CBD properties. Further, Asian investors and developers are entering our market every day looking for more development sites and investments in absolute prime locations.
3. Describe the most interesting property you have sold?
Our team recently sold a two-storey freestanding Victorian-style building that was offered for the first time in over 50 years and sold on a yield of 3.48%.
4. What are the ingredients to being successful in your job? 
You must be honest, patient and fully committed to staying focussed on the main objective, achieving the best possible result for your client.
5. What aspects of your role do you enjoy the most?
Relationship building. In this market you get to deal with high net-worth private individuals and developers, both local and offshore, institutions and small mum and dad investors wanting to buy through their superfunds. The ability to meet so many different personalities on a daily basis and build new relationships with the opportunity to develop long term relationships brings a great satisfaction to the job and to life in general.
6. Where would invest a spare $750,000?
I would find a few mates with the same cash and invest together in a prime Collins Street retail investment.
7. Which football team do you support?
Carlton. Not having a great year but I have faith – “they know we’re coming”!
8. What’s your favourite app or techno gadget?
Can’t go past the AFL app. I can’t get through a weekend without checking DreamTeam scores every five minutes
9. How do you use social media?
<a target="_blank" href="https://www.propertyobserver.com.au/https://au.linkedin.com/pub/daniel-wolman/54/1b3/77">I use LinkedIn </a>to be in touch with my colleagues, clients and to build my professional profile within the industry. Social media is a great way to keep in touch with people and build relationships.
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In profile: Colliers International's senior executive, investment sales Daniel Wolman

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SMH gun-reporter Kate McClymont reports on alleged brotherly love, Medich style. 
<a target="_blank" href="https://twitter.com/Kate_McClymont"><img height="75" width="470" src="/images/stories/2013/08/tweet-of-the-day-aug-21.jpg" alt="tweet-of-the-day-aug-21"></a>
McClymont doesn't say which property in her courtroom tweet, but Property Observer notes its given as Roy's house.
Roy has a $7 million Rose Bay harbourfront apartment.
And while Ron Medich has long moved on from his western Sydney origins to his <a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/ron-medich-seeks-%2440-million-plus-for-harbourfront-point-piper-home/2012050754580">unsold Point Piper harbourfront</a>, brother Roy still retains his Denham Court estate (pictured below).
It's listed for sale at $3.2 million. It came onto the market in 2009 at $4 million furnished. The five bedroom house was built in 1992 and covers 1000 square metres over two levels - no easy robbery!
{yoogallery src=[images/stories/2013/08/aug21den]}
 
<a href="https://www.propertyobserver.com.au/Kate_McClymont/status/370000104100356096" class="details with-icn js-details"> </a>
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Robbing one's brother's house: The alleged Medich way

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While requirements may differ slightly from lender to lender, in general if you have to borrow 80% or more of the value of a residential property, you will have to pay lenders mortgage insurance (LMI).
LMI is paid by the borrower, but protects the lender if you default on your home loan and your lender is required to sell your property.
If the property sells at a loss, the lender can make a claim against its LMI provider for the shortfall.
Paying LMI allows borrowers with smaller deposits to buy earlier, rather than wait until they have saved up a 20% deposit.
There are two main providers of LMI in Australia, these being Genworth and QBE LMI.
These are 8 things you need to know about LMI:
<ul>
<li>
If you have less than a 20% deposit, you will more than likely need to budget for the cost of LMI.
</li>
<li>
LMI can be costly. Borrowing 95% on a property worth $400,000 will mean a premium of around $14,000. Borrowing 90% will mean a premium of around $7,000, according to the <a target="_blank" href="https://www.genworth.com.au/borrower-centre/homebuyer-tools/lmi-premium-estimator/?gclid=CO2R6M2yprgCFQMwpAodTjQASA">Genworth LMI premium estimator</a>. QBE LMI provides this handy <a target="_blank" href="https://services.lmiconnect.com.au/lmiOnline/common/tools/calculator/nsr/CalculateNSR.do?action=start">servicing capacity calculator.</a>
</li>
<li>
Stamp duty and GST are payable on LMI Premiums, subject to state government rules.
</li>
<li>
Your lender will determine if you will need to pay LMI after they have assessed your loan application and documentation.
</li>
<li>
LMI is a one-off premium you pay. The amount is determined by your lender based on a number of factors including, but not limited to deposit size, loan size, and type of loan.
</li>
<li>
You may be able to capitalise your LMI premium. This means adding the premium to your home loan amount and paying it as part of monthly repayments. However you will pay more as interest is payable on the LMI premium.
</li>
<li>
LMI is not portable, which means if you want to refinance into a cheaper rate but are still borrowing in excess of 80% of the value you will have to pay LMI again. “The premium paid on your first loan does not carry over to another loan if you want to refinance even though your premium is paid to a specific mortgage insurer,” says inTouch Finance founder Paul Ryan.
</li>
<li>
Don’t confuse LMI with mortgage protection insurance, which you take out to cover loan repayments in the event you are unable to make payments because you’ve lost your job, been disabled, or worse.
</li>
</ul>
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Less than a 20% deposit? The 8 things you need to know about lenders mortgage insurance (LMI)

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Concerns at the rate of New Zealand house price growth - and the potential risks that posed to the financial system - has prompted the NZ Reserve Bank to impose restrictions on the loan-to-value ratio (LVR) for housing mortgage loans within lending banks from October 1.
The banks will need to restrict new lending with LVRs of more than 80% to no more than 10% of the dollar value of their new housing lending flows.
House prices increased by 16% and 10% respectively in Auckland and Christchurch over the past year (three-month moving average to July 2013 over the same period in 2012).
They increased by 4% over the rest of New Zealand overall, with considerable variability among regions.
But here in Australia the growth isn't at these levels, and doesn't seem set to get any cap on loan-to-value ratios (LVRs) under the RBA governorship of Glenn Stevens.
Last year Dr Luci Ellis, head of the RBA’s Financial Stability Department, stressed borrowers needed to provide some deposit when they buy a home. 
Dr Ellis noted a cap would have little impact on buyers trading up, but certainly squeeze first-home buyers out of the market.
 
{module Should the RBA follow the Reserve Bank of New Zealand and introduce limits on bank lending as a property cooling measure?}
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Should the RBA follow the Reserve Bank of New Zealand and introduce limits on bank lending as a property cooling measure?

<html><body>
While requirements may differ slightly from lender to lender, in general if you have to borrow 80% or more of the value of a residential property, you will have to pay lenders mortgage insurance (LMI).
LMI is paid by the borrower, but protects the lender if you default on your home loan and your lender is required to sell your property.
If the property sells at a loss, the lender can make a claim against its LMI provider for the shortfall.
Paying LMI allows borrowers with smaller deposits to buy earlier, rather than wait until they have saved up a 20% deposit.
There are two main providers of LMI in Australia, these being Genworth and QBE LMI.
These are 8 things you need to know about LMI:
<ul>
<li>
If you have less than a 20% deposit, you will more than likely need to budget for the cost of LMI.  
</li>
<li>
LMI can be costly. Borrowing 95% on a property worth $400,000 will mean a premium of around $14,000. Borrowing 90% will mean a premium of around $7,000, according to the <a href="https://www.genworth.com.au/borrower-centre/homebuyer-tools/lmi-premium-estimator/?gclid=CO2R6M2yprgCFQMwpAodTjQASA" target="_blank">Genworth LMI premium estimator</a>. QBE LMI provides this handy <a href="https://services.lmiconnect.com.au/lmiOnline/common/tools/calculator/nsr/CalculateNSR.do?action=start" target="_blank">servicing capacity calculator.</a> 
</li>
<li>
Stamp duty and GST are payable on LMI Premiums, subject to state government rules.  
</li>
<li>
Your lender will determine if you will need to pay LMI after they have assessed your loan application and documentation.  
</li>
<li>
LMI is a one-off premium you pay. The amount is determined by your lender based on a number of factors including, but not limited to deposit size, loan size, and type of loan. 
</li>
<li>
You may be able to capitalise your LMI premium. This means adding the premium to your home loan amount and paying it as part of monthly repayments. However you will pay more as interest is payable on the LMI premium.  
</li>
<li>
LMI is not portable, which means if you want to refinance into a cheaper rate but are still borrowing in excess of 80% of the value you will have to pay LMI again. “The premium paid on your first loan does not carry over to another loan if you want to refinance even though your premium is paid to a specific mortgage insurer,” says inTouch Finance founder Paul Ryan.
</li>
<li>
Don’t confuse LMI with mortgage protection insurance, which you take out to cover loan repayments in the event you are unable to make payments because you’ve lost your job, been disabled, or worse.
</li>
</ul>
<ol></ol>
</body></html>

Less than a 20% deposit? 8 things you need to know about lenders mortgage insurance (LMI)

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<div class="stream-item-footer">CBRE's Tom Southern gives his remarks on 2013's market outlook for Sydney. </div>
<div class="stream-item-footer"></div>
<div class="stream-item-footer">
{qtube vid:=UixHFbza-Hs&amp;feature}
</div>
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Tom Southern's 2013 Sydney market outlook

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

Joel Robinson

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

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.

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

<main data-perf-region="main">
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.

[smartcode_project:default project_id=152737 project_image_fid=377679]

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.

[smartcode_project:default project_id=152737 project_image_fid=377675]

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.

&nbsp;

[smartcode_project_cta:default project_id=152737]

<h3 data-end="3697" data-section-id="q3n5ak" data-start="3672">&nbsp;</h3>
</main>

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.

[smartcode_project:default project_id=150999 project_image_fid=374005]

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.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“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.

[smartcode_project_cta:default project_id=150999]

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