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Tiny offerings were popular at weekend auctions with big prices outlaid. 
A New York-style studio pad in St Kilda, with compact vogue styling, fetched $346,000.
The chic studio at <a id="x_mcntLPlnk990290" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-vic-st+kilda-128431886" target="_blank" title="www.realestate.com.au">18/33 Grey Street </a>(top) had a $220,000 plus price guide with a $240,000 reserve.
The 46 sqm studio space has been a $290 a week rental.
It last sold at $140,000 in 2003.
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In Sydney a one-bedroom harbour front apartment in Kirribilli sold for $1,875,000 (below).
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Listed for the first time in more than 50 years, the 60 sqm apartment, with sunroom, last sold for about £8000.
The <a id="x_mcntLPlnk302195" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/sold/property-apartment-nsw-kirribilli-128440198" target="_blank">2/11 Waruda Street offering</a> in The Venetian had a panorama encompassing the Harbour Bridge and Opera House.
There were 701 auctions held in Sydney returning a preliminary auction clearance rate of 55.8 per cent. 
Click here <a href="https://www.propertyobserver.com.au/images/2018/6/18/cap-june18.jpg" target="_blank">to enlarge.</a>
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Sydney's highest sales included <a id="x_mcntLPlnk884472" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-house-nsw-cremorne-128387406" target="_blank" rel="noopener noreferrer">50 Ellalong Road, Cremorne</a> (below) which is reported to have sold for $4,125,000.  
The brick four bedroom 1930s Art Deco house on 720sqm has polished timber herringbone floors, high ceilings, large bay windows and ornate period lead light window.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/18/crem.jpg" alt="">
The highest preliminary clearance rate was recorded in Adelaide where 72.7 per cent of the 44 reported auctions were successful.
In Melbourne the Australian cricketer Peter Siddle sold his Parkville investment at weekend auction securing some $120,000 above his reserve.
The two-bedroom pad at <a id="x_mcntLPlnk291489" class="x_mcntOWAAutoLink" href="https://www.realestate.com.au/property-apartment-vic-parkville-128413806" target="_blank" rel="noopener noreferrer">202/228 The Avenue</a> came on the market with its first bid of $900,000.
Bidding swept past the reserve, with the second floor offering knocked down at $1 million to one of the two downsizer bidders (below). It sold to an owner occupier in her 50s.
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Siddle had lived in Arcadia, the Fender Katsalidis-designed apartment set on the fringe of the Royal Park Golf Course for four or five years after purchasing it in December 2008.
“We were training at the MCG back then," the bowler told the Sunday Herald Sun.
"The access to the airport and with all the parks around it’s a nice area to be in,” he said.
The Parkville apartment last sold for $575,000 in late 2008, reflecting six percent annual price growth. It features two bedrooms, two bathrooms and a large open-plan layout that flows to a balcony overlooking parkland.
The agent Lou Rendina had been quoting $800,000 to $880,000 for the flat that had been last available to rent when advertised at $560 a week in 2013.
Siddle and wife Anna Weatherlake are currently building in bayside Black Rock.
In nearby Hampton, the childhood home of Shane Warne was passed in at auction when offered for the second time in less than 18 months (below).
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The auction only saw vendor bids that topped out at $1.45 million for the three-bedroom house at <a id="x_mcntLPlnk29603" class="x_mcntOWAAutoLink" href="https://www.realestateview.com.au/real-estate/229-thomas-street-hampton-vic/property-details-buy-residential-11870149/" target="_blank" rel="noopener noreferrer">229 Thomas Street, Hampton</a>.
The bungalow was bought as an investment for $1.55 million after it passed in at April auction last year. It has been rented since at $1000 a week. 
Nick Johnstone agent Alan McGillivray said an offer matching the vendor bid had been received, but no sale had yet been achieved.
Its price guidance was $1,350,000 to $1,485,000.
It’s where the spin king spent his first years before relocating with parents Keith and Brigitte in 1976, aged seven.
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Melbourne was the busiest city for auctions, with 988 homes going under the hammer, returning a preliminary clearance rate of 58.7 per cent.
Kevin Brogan, the CoreLogic auction analyst noted over the same week last year, there were 1,129 auctions held in Melbourne, returning a clearance rate of 71 per cent.
National auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend.
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The preliminary national clearance rate was 56.9 per cent this week. 
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<h2>Auction highlights this week</h2>
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<td>Saturday, 16 June 2018 </td>
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<th>Value Sold </th>
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Most expensive
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<td id="x_rpMostExpensive_tdMostExpensiveCity_0" align="left">Sydney</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_0" colspan="2">36 Windsor St, Paddington NSW 2021, 4 br House, PPD</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_0">$4,280,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_1" align="left">Melbourne</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_1" colspan="2">42 Mayston St, Hawthorn East VIC 3123, 4 br House, Marshall White Boroondara</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_1">$3,200,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_2" align="left">Adelaide</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_2" colspan="2">10 Elderslie Av, Fitzroy SA 5082, 5 br House, Klemich Real Estate</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_2">$1,426,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_3" align="left">Brisbane</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_3" colspan="2">282 Kent St, Teneriffe QLD 4005, 4 br House, Ray White Rural</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_3">$2,125,000</td>
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<td id="x_rpMostExpensive_tdMostExpensiveCity_4" align="left">Canberra</td>
<td id="x_rpMostExpensive_tdMostExpensiveLocation_4" colspan="2">7A Elder St, Braddon ACT 2612, 4 br House, LJH Dickson</td>
<td id="x_rpMostExpensive_tdMostExpensiveSold_4">$1,450,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_0" align="left">Sydney</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_0" colspan="2">11/56-58 Warialda St, Kogarah NSW 2217, 1 br Unit, ELD</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_0">$490,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_1" align="left">Melbourne</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_1" colspan="2">907/18 Mt Alexander Rd, Travancore VIC 3032, 2 br Unit, Pagan</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_1">$292,500</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_2" align="left">Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_2" colspan="2">82A Clairville Rd, Campbelltown SA 5074, 3 br House, BP Adelaide</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_2">$356,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_3" align="left">Brisbane</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_3" colspan="2">8 Margaret St, Rochedale South QLD 4123, 3 br House, R&amp;H</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_3">$440,000</td>
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<td id="x_rpMostAffordable_tdMostAffordableCity_4" align="left">Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableLocation_4" colspan="2">2 Dallachy Pl, Page ACT 2614, 2 br House, RW Canberra</td>
<td id="x_rpMostAffordable_tdMostAffordableSold_4">$425,000</td>
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j.ballantyne1990-6AQqhLzZaK

Tiny spaces getting big prices at weekend auction

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GUEST OBSERVATION
Popular opinion has it that MONA, Hobart’s Museum of Old and New Art, is <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-06-08/mona-effect-ripples-out-to-regional-tasmania/9837626" target="_blank">transforming Tasmania</a>. That the state is no longer the poor and backward cousin, the economy is booming, and we are leaders in contemporary culture.
The buzz on the streets of Hobart during <a href="https://darkmofo.net.au/" target="_blank">this year’s Dark Mofo</a> is unwaning, despite being in its sixth iteration. A tendency to hibernate through Tasmania’s cold midwinter is now a time for vibrancy and a skinny dip – at least for tourists.
However contrary to hype around this “MONA effect”, the museum’s benefits do not seem to be being shared with <a href="https://profile.id.com.au/glenorchy/home" target="_blank">Glenorchy</a>, the municipality it is located in. Glenorchy is ranked eighth most disadvantaged out of 29 municipalities in the state and includes some of the most disadvantaged suburbs nationwide.
More generally, some local artists are <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-06-09/mona-dark-mofo-seen-as-blessing-and-curse-for-local-creatives/9770904" target="_blank">struggling to maintain a place</a> as the MONA juggernaut rolls out its festivals, and its power and influence. <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-04-03/home-prices-fall-in-cities-rise-in-the-regions/9612534" target="_blank">Hobart’s house prices</a> are rising faster than any other capital city, with increasing scrutiny on how <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2018-06-07/hobart-suburb-battery-point-quarantined-from-airbnb/9845976" target="_blank">visitor housing</a>, such as Airbnb, might be affecting prices. Tasmania is already economically polarised.
Taking a snapshot of <a href="https://tourismtracer.com" target="_blank">tracking data</a> from 472 interstate and overseas tourists in 2016, we analysed where and how tourists travelled before and after they visited MONA. Most of the visitors to MONA were from New South Wales and Victoria. They also had <a href="https://theconversation.com/who-goes-to-mona-peering-behind-the-flannelette-curtain-73369" target="_blank">higher incomes and levels of education</a>. We found that these visitors tend to take the MONA ferry to and from the museum, or drive straight there and back with no stops. Without shopping in Glenorchy or visiting other parts of the municipality, almost no benefits are passed on to this area, whether these are direct economic benefits from shopping or accommodation, or indirect benefits from social interactions and cultural exchange.
In some respects, this is unsurprising. Tourists go to places that have amenities for tourists – such as Hobart’s waterfront. Tourism and art also tends to drive gentrification – an escalation of real estate prices as poor inner city suburbs and post-industrial sites are transformed into creative chic. This wouldn’t be a good outcome for places like Glenorchy, which many of Tasmania’s low income earners call home. These are places imbued with a sense of community that supports many in non-financial ways.
Not all of MONA’s visitors are high income earners with a university education. We also found that it is MONA’s lower socio-economic visitors who are most likely to stop in Glenorchy, to shop and visit family and friends. These are the tourists who could help extend MONA’s benefits into the places most in need, without destroying these communities. To boost the numbers of lower socio-economic tourists, Mona could extend its free museum entry for Tasmanians to all visitors with government concession cards.
But the limited responsibilities of private bodies such as MONA, means that it is governments’ role to distribute the benefits of tourism and economic growth. Tourism Tasmania spends <a href="https://www.themercury.com.au/news/politics/tourism-tasmania-chief-james-cretan-says-marketing-spend-yields-sensational-results/news-story/a72685b7d5c72ec6c8f94d65b7b08e73" target="_blank">millions of dollars on marketing</a>. Directing this towards the lower socioeconomic tourist market could boost visitation to tourism icons and local shopping centres and communities.
More broadly, the government urgently needs to plan for how tourism growth translates into improved health care, education and job prospects. Tourism only matters if it sustains all Tasmanians, and without demonstrated overall improvement, the value of tourism is questionable.
MONA is held in high regard by most Tasmanians. The museum and biannual festivals are described as unprecedented acts of generosity on behalf of owner David Walsh. There is widespread support for MONA initiatives: it’s vision for <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2016-12-11/mona-waterfront-vision-to-take-three-decades/8109566">Macquarie Point</a> and <a href="https://mona.net.au/in-the-works/hotel" target="_blank">Hotel Mona</a>.
<img src="https://counter.theconversation.com/content/98003/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">This goodwill is likely to fade if the MONA effect simply reinforces existing iniquities. To remain relevant, MONA’s presence in Tasmania needs go beyond development proposals and sensationalist art. Government must harness tourism for the benefit of all. High tourist numbers and spending are not ends in and of themselves.
<a href="https://theconversation.com/profiles/kate-isabel-booth-201344" target="_blank">Kate Isabel Booth</a>, Senior Lecturer in Human Geography and Planning, <a href="http://theconversation.com/institutions/university-of-tasmania-888" target="_blank">University of Tasmania</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/hobarts-poorer-suburbs-are-missing-out-on-the-mona-effect-98003" target="_blank">original article</a>.
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Hobart's 'MONA effect' skipping poorer suburbs

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The tradie booking website Hipages has been canvassing brokers and law firms in preparation for an initial public offering on the ASX.
HiPages vets the trades licenses and Australian Business Numbers of all tradespeople registered on its site.
HiPages ranks as the largest of three online trades and services sites operating in Australia.
Hipages, which counts News Corporation as a investor with 30 per cent, was last valued at $216 million following a reshuffle of its share register late last year. 
News bought into the website in 2016 for around $38 million.
The Australian Financial Review Street Talk column wrote co-founders David Vitek and Roby Sharon-Zipser had been in recent meetings to explore potential IPO options next year or a late 2018 listing.
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<div id="article-inline-ad">Hipages has worked with investment bank UBS, which has assisted with prior funding rounds.</div>
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<div>Its investors include Ellerston Capital and the venture capital firm Right Click Capital. </div>
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Founded in 2004, Hipages charges member fees for tradespeople rather than relying on commissions from jobs delivered.
Recently <a href="https://www.bunnings.com.au/">Bunnings Warehouse</a>, the Australia-based household hardware giant, started offering customers a fixed-price installation service through a strategic partnership with <a href="https://www.homeimprovementpages.com.au/">HiPages</a>.
The deal will give Bunnings customers the option of adding a $275 fixed-price installation service — which includes all fittings and fixtures, removal and disposal of old toilets, and a five-year warranty — from HiPages when they purchase a toilet suite.
Customers will receive a unique voucher code at the time of purchase, which is used to book a local tradesperson on the HiPages website.
The installation service will be rolled out nationwide, following a trial in 15 Bunnings stores in New South Wales.
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Hipages tradie booking website seeks out IPO interest

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A Berwick four bedroom house has been listed by mortgagees with an indicative selling price of $700,000 to $750,000.
It is offered by Rebecca Borg and Bradley Ryan from Harcourts.
It has been scheduled for auction on July 7.
It last sold at $495,000 in 2012.
<a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/property-house-vic-berwick-128564882" target="_blank">Located at 7 Barak Avenue, Berwick</a>, the south-east Melbourne home comes with four bedrooms, kitchen with stone benchtops, multiple living zones and upstairs retreat. 
Other features include double lock up garage, established gardens, evaporative cooling and gas ducted heating plus gas log fire.
The suburb's median house price sits on<a href="https://www.propertyobserver.com.au/7%20Barak%20Avenue" target="_blank"> $680,000</a>, according to CoreLogic. 
 
 
 
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Berwick four bedroom home listed by mortgagee

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A six bedroom Church Point house remains listed for sale with $4 million to $4.4 million price guidance.
It is offered by Jesse Chester and Jonathan Morton from Clarke &amp; Humel Property who suggests its embraces expansive yacht-sprinkled Pittwater panoramas and the northeast sun from its near waterfront position.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/14/church%20point%204.jpg" alt="">
<a href="https://www.propertyobserver.com.au/administrator/index.php?option=com_content&amp;view=article&amp;layout=edit&amp;id=83597" target="_blank">The 2115 Pittwater Road home</a> comes with open plan living and dining space, vast media room, and wine cellar.
Additional features include kitchen with Terrazzo island bench centrepiece, video intercom/secure gated access, and rear with mosaic-tile pool.
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Positioned on 771 sqm block, it is located directly opposite the shores of Pittwater within footsteps of a sandy beach and Quays Marina/café, and minutes to schools, Mona Vale Village and Beach.
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Church Point trophy home listing with $4 million plus hopes

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A converted Carlton converted church has been sold by Scott McElroy and Will Caldwell from Hockingstuart who had it listed with $3.5 million hopes.
Positioned on one of Carlton's best tree-line streets,<a href="https://www.realestate.com.au/sold/property-house-vic-carlton-127956134" target="_blank"> the 96 Drummond Street house </a>comes with three double bedrooms.
It has open plan lounge/living and separate large entry foyer.
It last sold at $1.55 million in 2006.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/5/15/96%20drummon%20st%202.jpg" alt="">
The courtyard garden leads to a double lock-up garage with a one bedroom loft apartment with bathroom and kitchenette.
It is within walking distance from the Exhibition Gardens, Melbourne Uni and RMIT, major hospitals and CBD.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/4/CARLTON%201.jpg" alt="">
The residence came with an initial $3 million to $3.25 million price guide. The sale price has not been revealed.
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 The suburb's median house price sits on $1.47 million, according to CoreLogic.  
 
 
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Converted Carlton church trophy home offering sold

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A Bondi Junction two bedroom apartment in Encore has been scheduled for auction on June 28.
It's offered by Andre Frack and Eden Leis from Richardson &amp; Wrench.
<a href="https://www.propertyobserver.com.au/http://www.rwbj.com.au/residential-for-sale/0000379441" target="_blank">Situated at 1302/308 Oxford St</a>, Bondi Junction, the apartment comes with two bedrooms with balcony access.
There is sun-drenched living space, plus Carrara marble Ilve gas gourmet kitchen and covered entertaining terrace with a Botany Bay vista. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/8/bondi%20junction%202.jpg" alt="">
Extra features include double security parking, ducted a/c, ceiling fans, built-in robes, and concealed laundry.
It is close to eateries and shops.
The suburb's median unit price sits on $1.03 million, according to CoreLogic.
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It is set on the second top floor of the new security building.
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Encore, 308 Oxford Street, Bondi Junction auction offering

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Occupying a prized 1,005 sqm block, a north facing Vaucluse house with harbour views remains listed for sale. 
The expression of interest campaign closed on Friday.
Sprawling across a double block, with an exceptional 33.5-metre wide street frontage, <a href="https://www.realestate.com.au/property-house-nsw-vaucluse-128393310" target="_blank">the 86 Hopetoun Avenue home</a> features views of Sydney Harbour across a tropical landscape.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/8/VAUCLUSE%202.jpg" alt="">
The first floor features free-flowing formal and informal living rooms, terraces overlooking the swimming pool, modern kitchen, study, powder room, laundry room and a spacious master suite.
The lower level comes with five bedrooms, three ensuites, an additional family bathroom plus a large private outdoor courtyard garden/outdoor entertaining space with access to the pool.
A self-contained apartment, with independent access, features a kitchenette, bedroom and bathroom. 
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Extra features of this home include secure lock garage, cellar and reverse-cycle air-conditioning.
It located within walking distance to Parsley Bay Reserve a popular harbourside beach, historic Vaucluse House, Sydney’s premier schools, and a short stroll of Watsons Bay and Vaucluse villages.
The suburb's median price sits on $4.75 million, according to CoreLogic.
 
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86 Hopetoun Avenue, Vaucluse trophy home remains listed

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A Mount Eliza country style four bedroom house set on 9640 sqm has been listed for sale.
It is offered by Geoff Smith and Milton Brown from LJ Hooker.  
<a href="https://www.realestateview.com.au/real-estate/84-88-allison-road-mount-eliza-vic/property-details-buy-residential-11588107/" target="_blank">Located at 84-88 Allison Rd</a>, the house comes with four bedrooms with garden views, lounge room with open fireplace, games room, study and gym with a sauna.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/13/mount%20eliza%202.jpg" alt="">
Outside features include a gas heated swimming pool, tennis court, a horse paddock with stable, double steel carport and a large underground rain water tank.
The suburb's median house price sits on<a href="https://www.propertyobserver.com.au/Outside%20you%20can%20follow%20the%20circular%20driveway%20to%20find%20a%20beautiful%20pergola%20wrapped%20around%20the%20home,%20gas%20heated%20swimming%20pool,%20tennis%20court,%20a%20horse%20paddock%20with%20stable,%20double%20steel%20carport%20and%20a%20large%20underground%20rain%20water%20tank." target="_blank"> $1.13 million</a>, according to CoreLogic. 
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Allison Road, Mount Eliza trophy home estate on 9640 sqm parcel

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A Mosman Park five bedroom house with ocean views has been listed by Mack Hall Real Estate.
Located at 4 Cable Cove, Mosman Park, the house comprises five bedrooms, three bathrooms, and its kitchen/meals/family area.
Set on a 1,365sqm of land, it also features a tennis court and pool.
There is double garage plus off-street parking.  
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Mosman Park lies about 14 km southwest of the Perth CBD and 5 km from Fremantle.
The suburb's median house price sits on $1.38 million, according to CoreLogic. 
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Cable Cove, Mosman Park trophy home offering

The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

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While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

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Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

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Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

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While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

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The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

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Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

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A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

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“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

Staff reporter

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