The residential transformation of St Kilda Road is set to continue into with more new apartment plans for the sought-after boulevard.

Wing Tai Asia has lodged plans for a major residential tower at 464-466 St Kilda Road, replacing the former VACC House with an 18-storey mixed-use development designed around a retained heritage podium and a sculpted contemporary tower.

The proposal, prepared under Victoria’s Significant Residential Development with Affordable Housing pathway, would deliver 325 apartments and ground-floor retail across the prominent 4,653 sqm boulevard site in Melbourne’s St Kilda Road North Precinct.

The project centres on the adaptive reuse of the site’s heritage-listed VACC Building, an eight-storey office designed by Bernard Evans that has occupied the address for decades. Planning documents state the development would involve “carefully dismantling and conserving off-site the original metal fabric of the podium visible from St Kilda Road,” before reinstating it as the defining frontage of the new scheme.

Above the restored podium, Wing Tai is proposing a curvilinear residential tower. The scheme includes 172 one-bedroom apartments, 63 two-bedroom apartments, 66 three-bedroom apartments, and 24 four-bedroom apartments, alongside two ground-floor food and beverage tenancies fronting St Kilda Road.

The tower has been designed with substantial articulation and variable setbacks to minimise perceived bulk and maintain view corridors along the boulevard. Urbis, which prepared the planning report, said the design “has been significantly articulated through a curvilinear design” with “an interplay with materials, façade expression and depth” to create visual separation and visual interest.

The proposal also includes 254 basement car spaces, landscaped pedestrian links connecting St Kilda Road and Queens Lane, and a biophilic landscape strategy featuring canopy trees, raised planters, cascading greenery and a glass oculus pool overlooking the eastern frontage.

Planning documents confirm the $270.1 million development will contribute 3 per cent of project costs to the Social Housing Growth Fund as part of the application process.

Wing Tai acquired the St Kilda Road property in 2018 alongside Abacus Property Group for $95.38 million, before later consolidating ownership of the site. The property previously served as the Victorian Automobile Chamber of Commerce headquarters for around 60 years.

The transformation of the St Kilda Rd boulevard is already beginning to materialise, with a number of high-profile projects recently completed, launched, or approaching launch as developers continue to back the long-term appeal of the precinct.

Among the most notable recent completions is Louise by Samuel Property Group, just off the strip on Queens Lane, the same pocket Hirsch &amp; Faigen recently launched The Queensbury. Mirvac is too on the same street with The Albertine, which is approaching completion.

Dexus recently secured approval for its slice of St Kilda Road, while Gurner also has approved plans for the precinct.

Joel Robinson

Wing Tai unveils 325-apartment St Kilda Road tower on former VACC House site

Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Broadbeach

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 Australasian architecture firm The Buchan Group has unveiled the design details behind the new Broadbeach Mall dining precinct at the popular Oasis Shopping Centre at Broadbeach on the Gold Coast. 
The $8 million upgrade received a commendation in the City of Gold Coast 2017 Urban Design Awards announced in November. 
The Buchan Group, Lat27 and Hutchinson Builders were congratulated for their work on the upgrade of the centre’s outdoor dining precinct, which opened earlier this year and included a new awning structure, entry statement, paving, landscaping and lighting.  
The Buchan Group Gold Coast Principal Brett Saville said Buchan’s architectural and design teams were appointed by the centre owners in 2018.  
“One component of the centre masterplan that was prepared was to redesign the outdoor dining precinct at ground level facing Broadbeach mall,” Mr Saville said.
“Oasis is a 1980s retail and residential development that replaced the original Broadbeach International Hotel that first opened in 1955.
<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/2018/4/5/The%20Buchan%20Group_Oasis%20Broadbeach%20040418_redu.jpg" alt="">
“The mall and shopping centre precinct is a popular destination for tourists and locals, and this work has invigorated a critical element of the central Broadbeach entertainment precinct.
“Tenants along the southern entrance enjoy a retail location shielded from the south-east winds, with uninterrupted winter sun and easy pedestrian access via the mall frontages. 
“The new awnings, paving, landscaping and lighting are designed to open the dining spaces out to the mall and the main pedestrian boulevard that runs along the northern face of the dining areas.”
Saville said the main awning over dining places provided an open, airy environment while ensuring protection from rain via roll-down blinds.
“This allows sun protection in summer while allowing an appropriate amount of sun penetration in winter,” he said.
“The rhythm created by the structural frames of the awning modulate the very linear form of the precinct. This rhythm is enhanced by the signage and at night by strip LED lighting in the posts.”
Flooring colours and materials were selected to complement the Gold Coast City Council’s streetscaping palette for Broadbeach, including painted steel, timber, glass and coloured concrete paving to accentuate a contemporary feel. 
“To further complement this, large planters with advanced trees feature, as well as quick growing flowering vines that climb vertically and will continue across the overhead wires under the glazed section of the awning structure.  “Our team drew on its extensive national and international retail experience to create a new feel to the precinct that is contemporary and complementary to the Broadbeach Central Masterplan.” 
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j.ballantyne1990-6AQqhLzZaK

Buchan unveils design details behind new Broadbeach Mall precinct, Gold Coast

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Ten Network newsreader Sandra Sully and her husband, FlexiGroup chief Symon Brewis-Weston, have all but emptied their property portfolio, selling three Broadbeach apartments at recent Gold Coast auction.
They secured $1.38 million, some nice price growth on the $1.16 million outlay which began when Sully bought in to the Parkdale boutique block of six in 2006.
Each apartment had been a consistent rental over the years.
Sully's first purchase in to the block one street back from the Broadbeach sand set her back $361,500 when she bought the second-floor unit.
<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/2017/12/15/sully.jpg" alt="">
She followed it up two years later with a <a href="https://www.realestate.com.au/property-unit-qld-broadbeach-126867834" target="_blank">ground floor apartment</a> for $410,000 in 2008.
Sully and Brewis-Weston then bought one in both of their names, paying $415,000 for the <a href="https://www.realestate.com.au/property-unit-qld-broadbeach-126867906" target="_blank">top floor apartment</a> last year when buying from Sully's parents.
The couple retain another Broadbeach apartment in a different block nearby which cost $710,000 in 2011.
This article was first published in The Saturday Daily Telegraph.
 
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firstname1-iYD4UYzvBa

Newsreader Sandra Sully secures sales of all three investments

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Ray White Broadbeach prestige agents Sam Guo and Julia Kuo have just sold more than $22 million of Gold Coast property across eight properties over the past four weeks.
So far this year Mr Guo and Ms Kuo have sold more than $110 million in the current financial year.
This dynamic pair have established a reputation in the Gold Coast's competitive and challenging market.
Mr Guo, who was born in Sichuan province said his Chinese heritage was definitely a big advantage in his sales success.
"Of course, there’s no doubt.
“But then I always have a good month before I go away as I try and close all the deals before I go to and have a break with my family, and not leave any open.
“I like to leave and have good peace of mind that I have worked hard for my owners and I can enjoy my break,” said Mr Guo before he heads off overseas for a few weeks.
Click to enlarge
<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/2017/06/28/201706280942-31085-22mSoldin23Days.jpg" alt="">
Of the eight properties, half sold to local families or interstate buyers, and the rest to international buyers.
"My Chinese buyers of 14 Southern Cross Drive, Cronin Island who just bought it for $5.6 million spent three days with me and then bought that one.
"Chinese buyers are comfortable with us as there is trust and often people in the Chinese community will refer me as someone they can trust.
“They say ‘deal with him, good choice’. Word of mouth referral is critical with Chinese people and if I get positive referrals then definitely helps.”
Number 14 Southern Cross Drive, Cronin Island was a grand three-level six bedroom north-facing mansion on 1262sq m.
“This house represents opulence from a time gone by," Mr Guo said.
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Top Gold Coast agents sell $22 million in past four weeks

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Broadbeach has the highest median price growth for Queensland localities for houses, according to Investar’s latest report.
The property firm says that the house price in Broadbeach over the past year has increased by 31 percent.
This is followed by Maroochydore for 30 percent and Bundamba 29 percent.
<table style="width: 456px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="105">
Suburb
</td>
<td valign="top" width="56">
Postcode
</td>
<td valign="top" width="60">
Bedrooms
</td>
<td valign="top" width="82">
Current median price
</td>
<td valign="top" width="85">
Median price 1 year ago
</td>
<td valign="top" width="68">
1 year price growth
</td>
</tr>
<tr>
<td valign="top" width="105">
Broadbeach
</td>
<td valign="top" width="56">
4218
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="82">
$499,000
</td>
<td valign="top" width="85">
$379,000
</td>
<td valign="top" width="68">
31%
</td>
</tr>
<tr>
<td valign="top" width="105">
Maroochydore
</td>
<td valign="top" width="56">
4558
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="82">
$372,000
</td>
<td valign="top" width="85">
$285,000
</td>
<td valign="top" width="68">
30%
</td>
</tr>
<tr>
<td valign="top" width="105">
Bundamba
</td>
<td valign="top" width="56">
4304
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="82">
$257,000
</td>
<td valign="top" width="85">
$199,000
</td>
<td valign="top" width="68">
29%
</td>
</tr>
<tr>
<td valign="top" width="105">
Wilsonton
</td>
<td valign="top" width="56">
4350
</td>
<td valign="top" width="60">
2
</td>
<td valign="top" width="82">
$231,500
</td>
<td valign="top" width="85">
$180,000
</td>
<td valign="top" width="68">
28%
</td>
</tr>
<tr>
<td valign="top" width="105">
Upper Caboolture
</td>
<td valign="top" width="56">
4510
</td>
<td valign="top" width="60">
3
</td>
<td valign="top" width="82">
$499,000
</td>
<td valign="top" width="85">
$359,000
</td>
<td valign="top" width="68">
25%
</td>
</tr>
</tbody></table>
A two bedroom house at <a href="https://www.realestate.com.au/property-house-qld-broadbeach-125220822" target="_blank">1/13 Britannia Avenue</a>, Broadbeach (above) has been listed for sale.
Similarly a residential land at <a href="https://www.realestate.com.au/property-residential+land-qld-maroochydore-201787970" target="_blank">Lot 35 Claremont Precinct</a>, Maroochydore (below) has been listed for $365,000.
<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/2017/04/26/Lot%2035%20Claremont%20Precinct.jpg" alt="">
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-bundamba-124201018" target="_blank">93 Brisbane Road</a>, Bundamba (below) has been recently sold in March for $200,000.
<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/2017/04/26/93%20Brisbane%20Road.jpg" alt="">
Similarly a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-maroochydore-124339486" target="_blank">201/1 Diura Street</a>, Maroochydore (below) has been recently sold in March for $160,000.
<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/2017/04/26/201_1%20Diura%20Street.jpg" alt="">
Earlier this year it was noted the Gold Coast market pulled off solid median price gains for both units and houses in 2016, according to research from PRDnationwide.
According to the South East Queensland Property Hotspots: Second Half of 2016 report, Mermaid Beach and Broadbeach Waters fought it out for top place, with the former coming out a whisker ahead with 30% median price growth.
<a href="https://www.propertyobserver.com.au/images/2017/02/02/gold-1.jpg" target="_blank"><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/2017/02/02/gold-1.jpg" alt=""></a>
 It was a stunning result for the area's prestige market, with both suburbs among the region's most expensive. 
<a href="https://www.propertyobserver.com.au/images/2017/02/02/gold-2.jpg" target="_blank"><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/2017/02/02/gold-2.jpg" alt=""></a>
<a href="https://www.propertyobserver.com.au/images/2017/02/02/gold-3.jpg"><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/2017/02/02/gold-3.jpg" alt=""></a>
 The price gains were recorded despite a drop in sales over the year.
<a href="https://www.propertyobserver.com.au/images/2017/02/02/gold-4.jpg" target="_blank"><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/2017/02/02/gold-4.jpg" alt=""></a>
A four bedroom unit at <a href="https://www.realestate.com.au/sold/property-house-qld-mermaid+beach-122958850" target="_blank">18 Albatross Avenue</a>, Mermaid Beach (above) was sold for $1,570,000.
Similarly a five bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-mermaid+beach-122728406" target="_blank">49 Petrel Avenue</a>, Mermaid Beach (below) was sold for $1,275,000.
<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/2017/02/02/49%20Petrel%20Avenue.jpg" alt="">
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Broadbeach, Queensland just surpasses Marrochydore in median house price growth: Investar

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Queensland property developer Spyre Group has secured one of the Gold Coast’s ocean-side sites with its purchase of 185 Old Burleigh Road in Broadbeach.
The 825 square metre site was acquired for $6.35 million with the intention to develop it into a boutique luxury apartment building.
It hopes for a high-rise spanning 30 levels with 102 units, subject to planning approvals.
Spyre Group has appointed ML Design, the Brisbane architects, with an early vision for the building showing a curvaceous form.
The proposed development will overlook Pratten Park to the ocean and also offer expansive views to the south, over the neighbouring Broadbeach State School oval.
Spyre Group director, Andrew Malouf, said it would target local owner occupiers.
It will have two to three units per floor plate with the aim to commence sales upon approval later this year.
This is the first Gold Coast project for the privately-funded developer, which has extensive experience in the house and land market as well as luxury apartment developments on the Sunshine Coast and Brisbane.
Its $220 million pipeline includes SOKO Waterfront in Brisbane’s burgeoning West End, where it is poised to unveil two of Brisbane’s most luxurious penthouses for sale, as well as boutique luxury apartment project Zahra in New Farm, where it has transacted over $20 million in sales since launching November last year.
Transacting more than $100 million in apartments in 2016 to 2017, the addition of Broadbeach solidifies the strength of the developer, which has experienced year-on- year growth since its establishment in 2008.
Acquisition of the Broadbeach site involved the consolidation of eight titles and saw the team liaise with eight individual unit holders in an off-market transaction for the sale to be successful.
“Our approach has always been to find good sites as a start and we identified this corner lot as having immense potential, particularly for high-end owner-occupiers.
“We came to the tenants collectively with an offer and they saw us as a group they were happy to work with and they were happy with our vision for the site.”
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Spyre Group acquires Broadbeach site

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The Broadbeach, Gold Coast apartment of the director of Hawthorn Properties Joseph Dukes and his wife, Shelley has been listed with $2 million hopes.
They are selling their apartment on <a href="https://mantragrouprealty.com.au/properties/2000000-offers-considered-for-immediate-sale-%C2%85/" target="_blank">level 40 of the Oracle Tower</a> that cost them $2,005,000 in 2010.
The fully furnished 184 square metre property has uninterrupted view of the ocean, Surfers Paradise and the hinterland.
It has three bedrooms, three bathrooms, an open-plan living room and four balconies and is accessed via high-speed lift.
Any buyer will have the choice of keeping the apartment in the Peppers holiday pool or making it their permanent residence.
Anthony Quinn of Mantra Group Realty has the listing.
 
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jonathanchancellor-7SQnKwU6yx

Oracle, Gold Coast trophy apartment listed

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A Hong Kong investor has secured a 123 sq m tenanted retail property in Broadbeach CBD on the Gold Coast for just over $1 million.
The ground-floor property at 3/90 Surf Parade earns a net annual rent of $63,682 representing a yield of 5.8 per cent.
Ray White’s Steven King handled the deal for a Melbourne-based investor.
It had last sold at $690,000 in 1998 
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