Gardner Vaughan plans Eden Caloundra launch after $19m site purchase
Burgeoning South East Queensland builder-developer Gardner Vaughan Group (GVG) has its sights firmly set on their next Sunshine Coast apartment development.
GVG recently settled on a $19 million purchase of a prime 5,289 sqm site across 1–9 Bulcock Street and 45–47 Bombala Terrace. The acquisition paves the way for Eden Caloundra, a two-tower project with 179 apartments.
Early registrations are now open for Eden, with a full launch scheduled for September. Construction is expected to begin in January 2026, with the site already cleared.
The team revisited the original approved plans, which had included a hotel and nearly 3,000 sqm of retail and commercial space, and opted for a new direction.
GVG Director Sam Gardner says Eden presents an opportunity to reinvigorate Bulcock Street.
"Bulcock Street is one of the premier streets in Caloundra, but it's been left behind in recent years. We expect Eden to be just the start of the revitalization of the area," Gardner says.
He adds that the ground-level retail offering will be carefully curated, with a particular focus on the two hospitality operators that will play a key role in the precinct’s success.
The national expressions of interest campaign by Colliers agents Brendan Hogan and Baydn Dodds attracted more than 210 enquiries and seven formal offers.
Hogan said this site offered a significant development opportunity in one of the most in-demand and supply-constrained markets in Queensland and Australia.
“The strong demand for housing and accommodation in the Sunshine Coast region drew intense interest from local and national developers,” Hogan said.
“This was a particularly rare site as it is located in an established area close to beaches, shops, cafes and entertainment at the top end of Caloundra’s CBD but also offered an elevated site, offering potential ocean and mountain views."
Baydn Dodds said the transaction reflects the continued strength of the Sunshine Coast market and the high level of interest for premium development opportunities in lifestyle destinations such as Caloundra.
The population on the Sunshine Coast is expected to grow by 237,900 people between 2021 and 2046, requiring around 89,800 new dwellings. This equates to around 3,600 new homes needing to be delivered each year to accommodate the forecast annual population growth of more than 9,500 people.
Joel Robinson
Joel Robinson is the Editor in Chief at Apartments.com.au, where he leads the editorial team and oversees the country’s most comprehensive news coverage dedicated to the off the plan property market. With more than a decade of experience in residential real estate journalism, Joel brings deep insight into Australia’s evolving development landscape.
He holds a degree in Business Management with a major in Journalism from Leeds Beckett University in the UK, and has developed a particular expertise in off the plan apartment space. Joel’s editorial lens spans the full lifecycle of a project—from site acquisition and planning approvals through to new launches, construction completions, and final sell-out—delivering trusted, buyer-focused content that supports informed decision-making across the property journey
