New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

Gold Coast

<html><body>
Gold Coast’s off-the-plan property market is booming with numerous projects achieving record sales amid COVID-19.
There remains a very strong market awareness and interest in the finite supply of waterfront land on the Gold Coast, said Keylin executive Louis Cheung.
The sale of Serenity 4212, a joint venture from development groups <a href="/developers/keylin-group?utm_source=PropertyObserver%20" target="_blank">Keylin</a> and Kinstone and the last waterfront land project on the northern Gold Coast, "defied" the market as the city’s best-selling land estate.
The $650 million waterfront project revealed $55 million in land sales during the pandemic, with 75 of Serenity Waters’ 110 blocks sold to local and interstate buyers.
The sales result, which includes first home buyers taking advantage of up to $40,000 in government incentives, comes as Serenity accelerates its construction program.
A number of luxury, off-the-plan apartment projects across the Gold Coast have achieved high interest.
Such projects include the $74 million <a href="/buildings/flow-residences-rainbow-bay-1-petrie-street-rainbow-bay">Flow Residences at Rainbow Bay</a> by S&amp;S Projects and Spyre Group’s $77 million <a href="/buildings/natura-burleigh-heads-112-the-esplanade-burleigh-heads">Nature project at Burleigh Heads</a>.
Serenity Green received over 350 enquiries in just three weeks and deposits for a third of the townhomes on offer.
The Serenity Green, a collection of 60 four-bedroom, two-bathroom, were priced from just $489,000.
Kinstone’s James Chou said Serenity 4212 will become an exciting multi-year, multi-staged master-planned project which will include retirement living, additional townhomes and a mini marina precinct.
“We’re proud of the success of Serenity Waters and Serenity Green and look forward to continuing to develop this emerging community over the coming years,” said Chou.
First settlements of the land release in Serenity is set to occur towards the end of this year.
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j.ballantyne1990-6AQqhLzZaK

Gold Coast's off the plan property market activity booms amid COVID

<html><body>
Lachlan Marshall and Jared Johnson have been welcomed as directors in a new joint venture with the Gold Coast’s leading residential business Harcourts Coastal. 
Managing director Dane Atherton noted the pair had created a "formidable business" during their time in the industry.
"Jared and Lachlan are aligned with our vision to create a leading commercial offering that harnesses the strength of our existing operation and brings a new level of energy and marketing to the Commercial space," Atherton said.
The multi award-winning team depart the Ray White Surfers Paradise business after five years with the group following a string of recognitions.
This includes being awarded as the number one marketing agents internationally for the entire Ray White Commercial network in 2019.
The move will see them as equity partners in Harcourts Coastal Commercial.
"Since day one I have had strong ambitions to a be a business owner. The opportunity to start and grow a commercial business alongside Harcourts Coastal who sell $800 million dollars’ worth of residential property every year is incredibly exciting," Jared Johnson said. 
"Harcourts Coastal Commercial will look to change the face of commercial property on the Gold Coast and I look forward to growing people within our team and helping them become top of their game!" Lachlan Marshall said. 
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Lachlan Marshall & Jared Johnson started a joint venture with Harcourts Coastal Commercial

<html><body>
The recently departed Seven Network TV presenter Simon Reeve has listed the Gold Coast home he shares with his partner Linda Johnston.
Reeve has just left the Seven Network, with whom he is now in litigation, after border restrictions between Queensland and New South Wales prevented him from continuing his role as sports presenter on Weekend Sunrise.
The couple paid $848,000 for the Tallai home in 2010, when he was the Sydney correspondent for Sunrise.
Now they're seeking $1.1 million plus for the acreage and 1990s homestead.
Set on 7,735 sqm, the home has five bedrooms, three bathrooms and a home office.
In the grounds is a 14 metre swimming pool with accompanying cabana, as well as two fenced horse paddocks.
"You can very much sense that a family has been raised in this home - they have lived together, loved together, cried together and laughed together, but now it is time for a new family, to create their own life-lasting memories", the REMAX marketing advises. 
His future abode is unknown.
 
 
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jrobinson-rf4aSBido9

Departed Seven sports presenter Simon Reeve lists Queensland home 

<html><body>
<a href="/buildings/31-broadbeach-boulevard-broadbeach">31 Broadbeach</a> offers a limited opportunity to own one of the remaining breathtaking luxury apartments at 31 Broadbeach. Featuring a distinctive expensive coastal beachfront address, large flexible living, working from home office space, these apartments boast some of the highest quality architecturally-perfected properties on the Gold Coast with ample storage, exceptional modern design and exclusive residents access to a stunning rooftop lap pool with sweeping panoramic views and easy access to the beach and community facilities.

We caught up with Optimus Developments CEO, Alex Windsor, to learn about the recently completed development.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2020-09-22_at_4.10.52_pm.png" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="774" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2020-09-22_at_4.10.52_pm.png?itok=YZmZxVgz" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>Urban.com.au: Which aspects of 31 Broadbeach Residences are you most proud of and why?

Alex Windsor: 31 Broadbeach Residences have set a precedent for luxury development on the Gold Coast in Broadbeach, by providing:

<ul>
<li>Just 22 apartments</li>
	<li>Large single floor apartments with:
	<ul>
<li>private lift access</li>
		<li>natural limestone and veneer finishing throughout</li>
		<li>butler’s pantries</li>
		<li>high-end appliances</li>
		<li>exclusive office spaces within the apartments allowing a flexible working and living environment</li>
		<li>a building set forward from its adjoining owners</li>
		<li>a high-end quality luxury finish</li>
		<li>access to a rooftop pool</li>
		<li>windows positioned to take full advantage of the outstanding views</li>
		<li>a fantastic location providing immediate beach access and surf break</li>
	</ul>
</li>
</ul>
The building is also unique in its design and sets itself apart from its predecessors by its striking off form stained concrete façade and iconic building crown.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/31-broadbeach-blvd-broadbeach-3.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-3.jpg?itok=RQlILAfm" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: If a buyer was deciding between 31 Broadbeach Residences and a similar residential development in the area, what do you think makes 31 Broadbeach Residences unique and the favourable option? 

AW: Most other apartments on offer are uncompleted, one of many, of lessor design and quality, do not have such great beach access and unimpeded views. There will also not be many completed apartment projects available on the market due to COVID.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/31-broadbeach-blvd-broadbeach-4.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-4.jpg?itok=dUau6ETb" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: In your opinion, what are some of the best amenities on-site or nearby?

AW: The beach even has a surf break directly in front of 31 Broadbeach and surfboard racks are provided in the common area. The development is also within walking distance to the surf club, shops, cafes, supermarkets and more.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/31-broadbeach-blvd-broadbeach-8.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-8.jpg?itok=RFmdncgS" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: What was the inspiration behind the design of the development?

AW: To set a new standard of boutique luxury development on the Gold Coast and a building with a fresh modern facade. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/31-broadbeach-blvd-broadbeach-9.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-9.jpg?itok=TETExJ_U" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>U: If you had to use only five words to describe 31BB Residences, what would they be? 

AW: New standard of boutique luxury development

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/31-broadbeach-blvd-broadbeach-12.jpg" rel="gallery-all" title="31 Broadbeach. Image supplied."><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/31-broadbeach-blvd-broadbeach-12.jpg?itok=mkg38v3D" title="31 Broadbeach. Image supplied." width="580"></a>

<figcaption>31 Broadbeach. Image supplied.</figcaption></figure>To learn more about 31 Broadbeach, check out the <a href="/buildings/31-broadbeach-boulevard-broadbeach">Urban listing here</a>.
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urban.com.au

Gold Coast apartment of the week: 31 Broadbeach Residences, Broadbeach

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The Gold Coast region’s rate per hectare for larger land holdings has been improving, according to the latest rural report from valuation firm Herron Todd White.
This is evident in a recent sale of the Scenic Rim property ‘Wirraway’ which broke a record in the region.
Originally listed for $20 million before being gutted by fire, the property sold for $8.05 million in July.
HTW director Janine Rockliff notes the buyer, a couple from western Queensland, own an adjoining 777.92 ha property which they purchased from the Queensland government for a total of $15.6 million.
This brings their total spend to $23.65 million or $17,602 per hectare gross.
The property is in close proximity of a number of other large holdings transacted in the past three years, including the 865ha Gorge Farm for $6.15 million and 1,345ha Broadlands property for $19.4 million.
Purchasers seeking larger holdings and an increased interest in the area has improved the rate per hectare.
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The value of large rural land holdings in the Gold Coast is improving: HTW Rural

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A mortgagee property in Queensland’s Worongary has been sold for $570,000. 
The 3,581 square metre block is conveniently located close-by Worongary shopping centre, schools and the motorway.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-07-30%20at%204.42.46%20pm.png" alt="">
The property, located at <a href="https://www.realestate.com.au/property-house-qld-worongary-134093498" target="_blank">101 Mudgeeraba Road</a>, offers dual living with a four-bedroom, three-bathroom main residence and a self-contained flat.
Positioned separately from the house, the two-bedroom, one-bathroom granny flat is perfect for family, guest accommodation or as a source of rental income.
Its features include an expansive property and hardwood flooring.
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-07-30%20at%204.42.41%20pm.png" alt="">
The home last traded in 2014, selling for $570,000.
LJ Hooker agents Karl Grossman and Chantal Damiani had the listing.
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Worongary, Queensland mortgagee home sold for $570,000

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2019 saw an easing in market values following the effects of the royal commission into the banking sector, however the central west and western Gold Coast market is set to improve in 2020, according to a recent Herron Todd White (HTW) residential report. 
The March report notes a number of real estate agents in the local area have stated that confidence has returned since the result of the last federal election.
The central west and western Gold Coast region provides first-home buyers and investors with entry options in areas such as Highland Park, Nerang, Pacific Pines, Maudsland, Upper Coomera and Oxenford.
A Nerang three bedroom house was sold for $530,000 in February. 
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-nerang-132912762" target="_blank">17 Ealing Crescent</a> (pictured below), the home comprises open plan living, kitchen, 3 bedrooms and flat back yard.
Other features include air conditioning, landscaped gardens and council approved shed. 
<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/2020/3/2/nerang%20.jpg" alt="">
 
The entry-level market will remain strong due to the government first home grant of $15,000 and home loan interest rates continuing at record lows.
"Many home buyers are keen to enter the property market before prices go up further," the valuation firm said. 
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The report suggests local infrastructure projects and jobs growth will contribute to the improvement. 
"Also, cashed-up interstate buyers continue to see value or a better lifestyle in the Gold Coast market," the valuation firm added. 
Property types popular in the region include house and land packages, second hand detached dwellings and attached duplex and townhouse or villa units that either meet first home owner requirements or provide investors a rental return.
A niche market seen within the region is Tamborine Mountain, located on the western hinterland with a variety of tourism based cafés and restaurants, wine outlets and wedding reception establishments. 
"Over the past year or so, a number of owners have been tapping into the Airbnb market by extending their homes into dual living floor plans and leasing part or all of the home on a short term basis. Many owners who have done this advise of very good rental demand and return," the valuation firm said. 
A current listing is a Tamborine Mountain due level house priced at $1.275 million.
The five bedroom, three bathroom home is situated at <a href="https://www.realestate.com.au/property-house-qld-tamborine+mountain-132102638" target="_blank">3 Cliff Way </a>(pictured below).
It comes with home office, combined living and dining, outdoor kitchen and area for pool or spa.
<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/2020/3/2/tamborine%20mountain%201.jpg" alt="">
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Central west and western Gold Coast region's property market set to improve in 2020: HTW residential 

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With the record low interest rates at present, the year ahead looks like the Gold Coast's north west region should have some improvement, albeit at a moderate rate, according to a recent Herron Todd White (HTW) residential report. 
"However with the economy not going very well at present compared to the mining boom in the Howard government era, combined with our current massive bushfire disaster and rising tensions in the Middle East, we can expect a large hit on the economy," the valuation said in March. 
With this in mind, the growth predicted by some economists for 2020 could all disappear and push the housing market in the other direction.
"What we have to say at present is that it is really wait and see time," the valuation firm said. 
The report notes the housing market in the north-west includes significant construction however in the past 18 months, construction in the region has been deflated.
"Prior to this, developing estates were thriving with constructions and land sales and as a result we have seen an oversupply of new housing with many vacant houses and second hand modern dwellings having to be heavily discounted to achieve a sale.
"With the slow down in construction, we hope to see a catch up of demand to supply. Yarrabilba and Flagstone are the ones to watch." 
A Yarrabilba four bedroom house was sold for $363,000 in February. 
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-yarrabilba-132999670" target="_blank">54 Sienna Circuit</a> (pictured below), the house comes with 4 bedrooms, formal lounge, family room, and combined dining and kitchen. 
Other features include air conditioning, dish washer, and gas hot water. 
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A current offering is a Flagstone four bedroom house priced over $449,000.
The four bedroom, two bathroom house is situated at <a href="https://www.realestate.com.au/property-house-qld-flagstone-132774022" target="_blank">15 Outlook Crescent</a> (pictured below).
It comes with large living area, undercover entertaining area, kitchen with stone bench top and back yard.
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Gold Coast's north west region to see catch up of demand to supply: HTW residential 

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The northern New South Wales and southern Gold Coast market became segmented towards the end of 2018 with mixed results continuing into the first half of 2019, according to a recent Herron Todd White (HTW) residential report. 
The report notes throughout the second half of 2019 however, agents advised that stable prices were seen along the coastal areas and in some instances, reported evidence of growth, particularly in the coastal suburbs of Coolangatta, Kingscliff and Casuarina.
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Investment in further infrastructure throughout the area, with projects such as the Tweed Valley Hospital and the approved continuation of G:Link into Stage 3, has improved general market sentiment which should continue in 2020.
"It would appear that a slight spike in investor activity has occurred across the board with easing lending policy post the royal commission as well as an increase in domestic migration to the southern Gold Coast and Tweed Shire," the valuation firm said. 
A Coolangatta three bedroom unit with ocean views has recently been sold for $920,000.
Situated at <a href="https://www.realestate.com.au/sold/property-unit-qld-coolangatta-132503390" target="_blank">307/3 McLean Street</a> (pictured below), it comes with three bedrooms, open plan living area, kitchen and two bathrooms. 
The apartment is located close to shopping, restaurants, cafes and beaches. 
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A current listing is a three bedroom townhouse situated at <a href="https://www.realestate.com.au/property-unit-qld-coolangatta-132875142" target="_blank">5/9 Churchill Street</a>, Coolangatta (pictured below). 
It has been listed for sale with a price guide of $579,000.
Located 200m to Kirra Beach, the townhouse comprises three bedrooms, open plan living and dining, kitchen and single garage. 
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Southern Gold Coast market to see spike in investor activity: HTW residential 

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With a budget of $700,000, the best opportunities in the southern Gold Coast region are in areas such as Miami or Burleigh Waters, according to the July Herron Todd White (HTW) residential report. 
The valuation firm took a look at how a budget of $700,000 could be invested in property markets across the nation.
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"For your money, you could get a two- or three-bedroom duplex or townhouse in either of these suburbs," the valuation firm said.
Both these areas and properties offer a good opportunity to purchase a relatively good sized property at the entry level price for the suburb.
The report notes either an original three-bedroom or a renovated two-bedroom duplex or townhouse unit is achievable within the price bracket and can provide good investment returns.
The buyer profile for this area is generally couples purchasing their first investment or first property for renovation. 
The rental returns in the current market have significantly dropped from talking to local property managers but they are all confident there will be a rebound in the next six months.
"If you were looking to purchase multiple properties or achieve a good return, any purchase close to Bond University will ensure strong rental returns and if you have $700,000 to spend, there are opportunities to purchase two one-bedroom units around Varsity for about $300,000 each with rental returns of between $375 and 450 per week," the valuation firm said. 
A two bedroom, two bathroom townhouse at <a href="https://www.realestate.com.au/sold/property-townhouse-qld-burleigh+waters-133875574" target="_blank">2/2 Barbet Place, Burleigh Waters</a> has recently been sold for $450,000.
The home comes with open plan living, upgraded kitchen, separate laundry and single lock up garage. 
It is situated within walking distance of beaches, local shops, schools and public transport. 
<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/2020/8/14/burleigh%20waters%20.jpg" alt="">
 A two bedroom, two bathroom unit at<a href="https://www.realestate.com.au/property-unit-qld-miami-134148946" target="_blank"> 63/7 Redondo Avenue, Miami </a>(pictured below) has hit the market with a price of $449,000.
The unit comes with renovated bathrooms, fully equipped kitchen, and underground car park.
It is located within 100m to the beach. 
<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/2020/8/14/miami.jpg" alt="">
Covid 19 update:
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To date, the impact of the pandemic on the southern regions of the Gold Coast hasn’t translated into a downturn either in property sales or prices, the report noted. 
House prices remain firm, however some properties are staying on the market a little longer, although still transacting within a three-month period, with some properties as short as a few days.
"The rental market has been negatively impacted with heavy discounts being provided for new leases or pauses on current leases.
"This may see a downturn in future sale prices but this hasn’t been realised yet in sale prices currently being achieved," the valuation firm said. 
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