<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Gold Coast

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Most investors appear to be acutely aware of the current interest rate and predictions of it being on the decline, according to a recent Herron Todd White (HTW) residential report. 
The HTW report suggests this has put a positive slant on the Gold Coast Central North local market. Another positive is the general optimism in the national economy, however this is now very fluid due to the Coronavirus pandemic, with some local agents reporting a fall in enquiries.
<div>The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.</div>
"A major factor on the Gold Coast is the perceived low values of properties compared to the capital cities such as Melbourne and Sydney and overseas markets," the valuation firm said. 
A major local influence on the Gold Coast has always been proximity to water, whether beach, broadwater, river, lake or canal. 
Secondary location factors are proximity to the perceived better schools, commercial precincts and public transport corridors such as proximity to the new light rail or access to M1 motorway, the report noted. 
First home buyers are most influenced by budget and need for compromise. Many are buying small lowrise units in the older areas such as Southport or driven to the north-west corridor developing area. Upgraders are driven more by location (i.e. water locations).
A first floor apartment situated in the heart of Southport has recently been sold for $240,000. 
The<a href="https://www.realestate.com.au/sold/property-unit-qld-southport-132891778" target="_blank"> 9/14 Rose Street</a> home (pictured below) was last sold in 2013 for $299,000.
It comes with one bedroom, one bathroom, modern kitchen and outdoor balcony. 
<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/2020/5/11/southport.jpg" alt="">
Empty nesters are usually seeking smaller dwellings in locations with good proximity to health services and established commercial precincts.
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"A major factor has been the oversupply of medium to high density housing such as modern medium rise apartments and townhouses. We have seen a dramatic decrease in demand for this type of property," the valuation firm said.
A three bedroom townhouse in Southport is currently on the market with a price guide of over $449,000.
The <a href="https://www.realestate.com.au/property-townhouse-qld-southport-133020038" target="_blank">15/2 Bronberg Court</a> townhouse (pictured below) features large kitchen, lounge with ceiling fan, and undercover alfresco. 
It is located within easy access to public transport, schools, restaurants and shops. 
<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/2020/5/11/southport%203.jpg" alt="">
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<div>Note regards COVID-19</div>
<div>
This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
</div>
<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
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j.ballantyne1990-6AQqhLzZaK

Gold Coast Central North property market sees dramatic decrease in demand for medium rise apartments: HTW residential 

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The market throughout Gold Coast North West, Scenic Rim and Lower Logan region covers a wide range, from older housing to brand new estates, according to a recent Herron Todd White residential report. 
The current COVID-19 epidemic is going to have a negative impact on key drivers, so it will be interesting to see what impact this may have on the property market in the short to medium term, the valuation firm said.
The report suggests investors traditionally forming a large proportion of purchasers in this region across all categories.
"The record low interest rates have influenced buyers in this region, keeping purchasing activity steady. Record low rates inevitably correlates to higher debt levels as money gets cheaper," the valuation firm said. 
Some home owners have been unable to sustain payments at the higher debt levels and as a result, there have been more mortgagee in possession sales occurring in recent months.
Price point has always been the big lure to investors in this region with Sydney and Melbourne buyers able to buy several houses here for the same price as only one in their home towns, the report noted. 
A current offering in the Scenic Rim Region's Beaudesert is a three bedroom house priced at over $299,000.
The three bedroom, one bathroom house is situated at <a href="https://www.realestate.com.au/property-house-qld-beaudesert-133447382" target="_blank">5 James Street </a>(pictured below).
It features modern kitchen, air-conditioned living area, undercover deck and garden 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/2020/5/18/beaudesert%202.jpg" alt=""> 
"Rental returns have always been top of the list of attributes for interstate buyers with many older style properties achieving rental returns that are positively geared or very close to it. We have also seen a large rise in the dual occupancy market in new housing estates," the valuation firm said. 
Buyers can build a dual occupancy dwelling on a site larger than 400 square metres with most construction and land packages costing between $500,000 and $560,000 and achieving between $630 and $680 per week rent.
"When combining the calculation of these returns with the benefit to the investor in potential capital gains, they become quite an attractive offer.
"We are also seeing an oversupply of townhouses and low rise units in and around Beenleigh with new products seeing very large discounts on resale and some developers advising that it is difficult to build product and maintain profit." 
A Beenleigh two bedroom Unit within a small secure complex has recently been sold for $255,000.
The property at <a href="https://www.realestate.com.au/sold/property-unit-qld-beenleigh-132990970" target="_blank">7/35 Solar Street </a>(pictured below) was last sold in 2008 for $250,000.
It comprises two bedrooms, two bathrooms, open plan living and outdoor entertainment area. 
<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/2020/5/18/beenleigh.jpg" alt="">
<div>Note regards COVID-19</div>
<div>
This edition of Month In Review had its topic defined in late February with submissions from our offices collated through to late March. During this period, shifts in the social and economic landscape due to COVID-19 became increasingly dramatic, as demonstrated by the varied information provided by offices over the course of three weeks. 
</div>
<div>This month’s residential theme on baseline property market drivers remains a common thread, and provides an indication of what influences to monitor as the property sector recovers post-crisis.</div>
</div>
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Purchasing activity keeps steady in Gold Coast North West property market: HTW residential 

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A mortgagee sale of a modern style townhouse in Pacific Pines has been listed for auction on May 30. 
Located at <a href="https://www.realestate.com.au/property-townhouse-qld-pacific+pines-133538114">17/2 Sangster Crescent</a>, 'Parkview on Sangster' offers open plan living and dining with beautiful views. 
<img src="https://www.urban.com.au/images/Screen%20Shot%202020-05-14%20at%202.38.51%20pm.png" alt="">
The three-bedroom, two-bathroom home features a private courtyard and central park area with BBQ and swimming pool. 
The home is listed by PRD’s Andrew Turner.  
The median unit price for Pacific Pines is $326,000, according to data from CoreLogic. 
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Pacific Pines mortgagee townhouse listed

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The extremes of drought, fire and floods, a potential virus outbreak, and other economic challenges, have taken their toll on the Gold Coast retail market, according to the latest report from valuation firm Herron Todd White.
“Stagnant wage growth and changing spending habits have been major contributors to lacklustre retail performance, while the increase in online shopping has had an impact on traditional bricks and mortar retailing,” the March report found.
Further, many established retail centres within the Gold Coast’s suburban areas have been impacted to some degree by the increase in online retailing, as well as restaurants and cafes.
In general, throughout 2019 there was increased stress on retail tenants on the Gold Coast, resulting in downward pressure on rents and upward pressure on incentives - A similar situation is expected throughout 2020.
“Landlords should consider rental affordability rather than purely the rate per square metre achievable and should carefully weigh up the pros and cons of having a tenant in place at an affordable (although possibly lower) rental, versus achieving a higher rental with greater risk of tenant failure. The global retail landscape is changing and local retailers and property owners must be aware and adapt as best they can,” the firm added.
Locally, broad examples of reinvention include the growth in quality cafes and restaurants in the suburbs on the southern Gold Coast, the creation of a China Town within Southport and on a more general scale, the increased number of convenient, drive-through cafes and food premises.
“The one saving grace is the current historically low interest rate environment, which commentators predict will stay lower for longer,” the report said.
Therefore, while rental levels have been impacted, yield levels have firmed and investor appetite for a return on investment is strong, helping to protect property values. The following case study is indicative of the strong results being achieved for quality retail investments, with recognised tenants and long WALEs.
The Pimpama Service Centre sold in September 2019 for $16.35 million, reflecting an analysed yield of 5.81%.
It was purchased by a high net worth private investor after an extensive marketing campaign.
This is a modern service station and fast food complex completed in 2018, located within a developing retail precinct at Pimpama on the northern Gold Coast. It is anchored by a United Petroleum service station and there are five fast food tenancies, including Carl’s Jr, Red Rooster, Pizza Hut, Zambrero and a Chinese restaurant.
The WALE equates to 11.27 years (by income).
The valuation firm ultimately concluded that “strong demand from investors for quality retail investments on the Gold Coast will continue throughout 2020, with the low interest rates and desirable location attributes maintaining yields at firm levels.”
In terms of overall retail property values, the firm also considers that the weaker rental market will be offset to some degree by the firm yields being achieved.
However, for long term success, it will be imperative for all stakeholders to carefully monitor changing retail and cultural trends, both locally and abroad and to adapt as best they can.
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Natural disasters and Coronavirus pile pressure on already-struggling Gold coast retail market: HTW Commercial

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Te Moana, a luxury Broadbeach Waters mansion situated between the Nerang River and Albert Park, has been listed for sale. 
The <a href="https://www.realestate.com.au/property-house-qld-broadbeach+waters-131893742" target="_blank">Monaco Street property</a> has been listed through Luxure estate agent Sonja Smith for $12,950,000. 
The five-bedroom, six-bathroom house, features an array of open plan living and dining areas that flow out onto a multitude of outdoor entertaining terraces, high ceilings, manicured gardens, and a 15 metre pontoon which will cater for a large boat and several jet skis. 
The 3,300 sqm offers a range of entertainment opportunities outdoors including an BBQ, kitchen area, resort style swimming pool, water features, showers and fireplace. 
<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/2020/3/10/6_BROADBEACH%20WATERS%20OUTSIDE.jpg" alt="">
Inside, the 1300 sqm of interior space showcases a classic timber sweeping staircase, a gourmet chefs kitchen with gas cooking, butlers pantry, wine cellar, rumpus room, and separate guest wing with a home office area. 
Taking on 43 metres of main river frontage, the home is fitted with timeless finishes and classic styling, ducted air-conditioning and alarm security throughout. 
The property was last sold in 2016, for $11,000,000,  $8.5 million in 2010 through, and rented for $5,000 per week prior that in 2008. 
The area recently sold 70 other similar five-bedroom houses, reports Realestate.com.au.
The most recent being a five-bedroom, four-bathroom house at<a href="https://www.realestate.com.au/property/255-monaco-st-broadbeach-waters-qld-4218" target="_blank"> Coral Gables Key</a> which sold for $1,665,000 last month. 
 
 
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Luxury Broadbeach Waters mansion for sale 

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Former Olympic swimmers Roger and Diana van Hamburg are seeking a new Gold Coast home, with plans on moving north.
The couple, wo were internationally competitive in the 1960s and 1970s, have listed their Sunland Group development apartment for $975,000.
Roger swam in individual medley and freestyle relay events for his native Netherlands at the Munich Olympics in 1972 and Diana Rickard competed for Australia in backstroke and individual medleys at the Mexico Olympics in 1968.
They have listed their <a href="https://www.realestate.com.au/property-apartment-qld-benowa-132329790" target="_blank">Benowa apartment at Marina Concourse</a>.
The three-bedroom unit was bought in 2016 on moving from NSW.
<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/2020/1/21/7_SWIMMERS%20APART.jpg" alt="">
<div id="outstream_holder_news">
The apartment's balcony overlooked Royal Pines marina and golf course.
<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/2020/1/21/7_SWIMMERS_VIEW.jpg" alt="" width="549" height="363">
The community also has resident facilities, including a pool and barbecue area.
The couple still swim every day and teach regularly at the neighbouring Superfish Swim School, the Gold Coast Bulletin advised.
Their daughter, Sasha, is married to another Olympian, former Australian freestyle and butterfly swimmer Adam Pine.
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Former Olympic swimmers list luxury Gold Coast apartment

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EXPERT OBSERVER
Why should property investors care that Perth and the Gold Coast are now considered "regional" towns instead of "metro" cities? 
They should care because the change could have a significant impact on the real estate markets in those two cities, creating both opportunities and risks for investors. Here, I will explain why.
We all know that immigration is one of the reasons Australia's economy has kept growing year after year, for the past 27 years. A provocative professor at the University of Sydney claims that Australia's "economy is addicted to immigration" because —without the constant growth in population— our economy actually would have gone into recession several times over the past three decades.
Saving the country from recession isn't enough anymore, however. The federal government wants immigrants to do more. That's why it's passed its regional immigration plan, which allocates 25,000 visas to immigrants who are willing to live for three years in regional Australia. After that, they can qualify for permanent residency. 
The government billed the plan as a way to boost hardscrabble Australian bush towns.
Now, the government has decided that both Perth and the Gold Coast qualify as "regional" under the regional migration program. While that may be bad news for smaller, dustier towns, for the two cities it is excellent news. It means that they can benefit from thousands of new immigrants, the jobs they help create, the university fees they pay, and the money they invest in housing.
The new regional designation could be the factor that helps many students, workers, and investors from China decide to move to these two cities. It won't mean more transactions tomorrow. Over the next 12 to 24 months, however, this change could add several thousand additional sales to the two markets. 
<h2 class="p1">A 10% TO 20% INCREASE IN TRANSACTION VOLUME?</h2>
These following numbers are an example of how it could play out. In Perth last year, there were about 26,000 sales. An additional 3,000 sales in a year would be more than a 10 per cent increase in annual transactions. An extra 10% in transaction volume would help put a floor under prices and help stimulate new construction. 
On the Gold Coast this year, there will probably be about 15,000 transactions. At that pace, an additional 3,000 sales would mean an increase of about 20% in transactions. That would have a similar impact as in Perth. 
The reclassification sounds like bureaucratic mumbo jumbo, but it has real-life impact. It was subject to a lot of behind-the-scenes lobbying and arm-twisting. This change could mean thousands of new residents coming to these cities and buying property, attending university, or starting businesses. It's an economic gold mine for Perth and the Gold Coast.
There will now be a total of 25,000 visas for foreigners willing to live in regional areas. With their new "regional" classification, the Gold Coast and Perth have become (with Adelaide) the locations by far most likely to attract those immigrants. 
The educational institutions, job markets, infrastructure, and lifestyle in the cities makes smaller regional destinations look less appealing by comparison. Regional areas like Dubbo or Geelong have a lot going for them and can provide excellent opportunities to new migrants. But the Gold Coast, Perth, and Adelaide are more prominent and by most calculations offer better prospects.
<h2 class="p1">WHAT DOES IT MEAN FOR INVESTORS?</h2>
The change will also give the Gold Coast and Perth a boost in the battle to displace Melbourne and Sydney as the top destinations for Chinese migrants, students, and property buyers. 
Both cities are struggling to increase the share of foreigners they attract. Their retailers want more residents, their universities want more students, and their developers want more property buyers.
If I were a property investor in the Gold Coast or Perth today, this new development would reassure me. Population growth has been the primary driver of price growth in Australia over the past several decades. With the regional migration program, Perth and the Gold Coast stand to see their population growth increase above present rates. Investors who can ride that growth to profits should do very well.
Georg Chmiel is the chairman of Juwai.com.
 
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jrobinson-rf4aSBido9

Bureaucratic stroke of pen boosts Perth, Gold Coast 

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Whilst some market segments have been a bit erratic throughout 2019, there are still a number of high-end properties that have transacted this year in Gold Coast, according to the latest Herron Todd White (HTW) residential report. 
The report notes Sovereign Islands is a prestige residential locality at the northern end of the Gold Coast.
The collection of man-made islands is home to some of the largest and most prestigious dwellings on the coast.
"20 Parklane Terrace, Sovereign Islands, Paradise Point (pictured above) is no exception and sold in March 2019 for $6.3 million," the valuation firm said. 
Constructed on the property is an ultra-modern five-bedroom, four-bathroom dwelling with an eight car basement garage.
The house is situated on a rare 1,497 square metre, north-west canal facing, double wide allotment boasting a 27-metre water frontage.
The dwelling leverages its expansive water frontage to produce canal views.
Other improvements include a grand entrance with imported white marble staircase, home theatre room, bar room with fireplace, large lap style pool with water feature and spa and 24 metre pontoon jetty.
<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/2019/11/20/22%20parkland%20tce.jpg" alt=""> 
Located in a prime main river front location, <a href="https://www.realestate.com.au/sold/property-house-qld-southport-112738511" target="_blank">1A Yacht Street, Southport </a>(pictured below) sold in June 2019 for $7 million.
The property features a south-east facing, two storey Hamptons style, five-bedroom, four- bathroom dwelling with three-car built-in garage, having a gross floor area of 825 square metre.
The dwelling appreciates expansive views of the Surfers Paradise skyline and the Nerang River.
The property is located within the prestigious TSS (The Southport School) precinct within Southport with a number of tightly held multi-million dollar homes.
Paradise Waters continues to set the benchmark for waterfront housing on the Gold Coast.
<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/2019/11/20/1a%20yacht%20st.jpg" alt=""> 
The report notes one of the highest sales in the area this year was 22 Admiralty Drive (pictured below) which transacted in January for $7,975,000.
Whilst built in 1990, the home was renovated in 2007 and 2008 and comprises a substantial, 665 square metre, modern, five- bedroom, five-bathroom, prestige dwelling with garage area for six cars.
Having a land area of 1,351 square metres and 37 metres of frontage to the Nerang River along the south-eastern boundary, it is afforded good local, wide water and city skyline views.
Other improvements to the property include an indoor lap pool, high quality landscaping, water features, 24-metre pontoon jetty, two timber decks over the river and a boat shed with wet bar.
"This house benefits from an ever-changing view across the water to the Surfers Paradise skyline," the valuation firm commented. 
<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/2019/11/20/24%20admiralty%20drive.jpg" alt=""> 
A north facing, 4,000 square metre Nerang River front allotment at <a href="https://www.realestate.com.au/sold/property-house-qld-carrara-131569930" target="_blank">18 Maryland Avenue, Carrara </a>(pictured below) is under contract for $6.3 million.
It has a Hamptons inspired, modern dwelling with four-bedroom, four- bathroom and six-car accommodation built over two levels with a gross floor area of 863 square metres and a 31-metre frontage to the Nerang River.
The property is located in a sought-after enclave with several multi million dollar homes on similar small acreage riverfront and dry allotments.
"The property is in the process of changing hands and was placed under contract after a very short marketing campaign of just six days!" the valuation firm said. 
<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/2019/11/20/carrara.jpg" alt="">
For Sale
"Hedges Avenue, also known as millionaire’s row is one of the most exclusive residential beach front localities on the Gold Coast with numerous multi- million dollar beachside residences," the valuation firm said. 
<a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-132157742" target="_blank">17 Hedges Avenue, Mermaid Beach </a>(pictured below) is currently listed for sale for $12.5 million.
Situated on a prime, corner block, the six-bedroom, eight-bathroom dwelling spans three storeys with floor to ceiling stack sliding doors to each floor, maximizing its views of the white sandy beaches of the Coast.
"The property offers a rare slice of paradise, being only one of four properties currently listed for sale along millionaire’s row," the valuation firm added. 
<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/2019/11/20/17%20hedges%20avenue%20mermaid%20beach.jpg" alt=""> 
Te Moana at <a href="https://www.realestate.com.au/property-house-qld-broadbeach+waters-131893742" target="_blank">255 Monaco Street, Broadbeach Waters </a>(pictured below) is listed for sale for $13.75 million and occupies a 3,296 square metre north-west facing Nerang River front allotment with 43 metres of prime river frontage.
The house is a classically designed, two level, palatial home of approximately 1,300 square metres with five bedrooms, six bathrooms and six-car garaging.
Monaco Street is one of the premier streets of the Gold Coast with a number of large prestige homes situated within close proximity to the Pacific Fair Shopping Centre, Broadbeach business precinct, Surfers Paradise CBD and the Gold Coast Convention and Exhibition Centre.
Aiming to break all Gold Coast property records, 26 Knightsbridge Parade East on Sovereign Islands has been listed for sale at USD $30 million (or about AUD $44.2 million depending on the exchange rate).
This property is located across five absolute broadwater front lots, with over 4,000 square metres of land area and a true north facing aspect and also has a staggering 106 metres of broadwater frontage.
<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/2019/11/20/255%20monaco%20st.jpg" alt="">
Containing one of the Gold Coast’s largest residences, the dwelling has a total floor area of over 2,700 square metres built in the Tuscan style of architecture and designed by Bayden Goddard (one of the Gold Coast’s sought after architects).
Features to the property include seven bedrooms, nine bathrooms, eight metre ceiling heights, timber parquetry flooring, Turkish travertine feature columns, Turkish bathhouse, 30 metre north facing pool, high quality landscaping and 12 car basement.
"Watch this space as hopefully next year we will be reporting on these properties as record breaking sales," the valuation firm said. 
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Gold Coast's Hedges Avenue sees numerous multi-million dollar transactions: HTW residential 

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McGrath Northern Rivers Group Gold Coast Group have announced that local real estate agent Josh Willatt will join its Palm Beach operation.
He will become joint franchise partner at McGrath Palm Beach along with existing McGrath agents Andy Hogarth and Billy Jaz.
This will be in conjunction with Ian Mills.
David Mills, at McGrath’s Northern Rivers operation expressed excitement for the incoming partners of the business.
"I've worked with Andy, Ian and Billy since McGrath was first opened on the Gold Coast and I'm thrilled for them to continue their career growth as principals.
"They are already senior agents with superior local knowledge and natural leaders within our business, and I look forward to continuing to work with them as they grow their footprint on the Southern Gold Coast,” Mr Mills said.
Andy Hogarth, a McGrath agent of 10 years will assume the role of principal for the McGrath Palm Beach.
He is confident about the local market saying “buyer confidence is back. From the first Saturday following the federal election the conversations with buyers has completely changed. We are now back to receiving multiple offers on properties and buyer engagement has lifted substantially.”
Andy has transacted some good sales over last 18 months, including that of 10 Flores Avenue, Palm Beach selling for $1,105,000 at auction with eight registered bidders. He also negotiated the sale of 59 Tahiti Avenue, Palm Beach for $1,021,000 prior to its auction, as well as several off-market sales that tipped the $1 million barrier.
“The finality of both the election and royal commission are two factors that have positively influenced the marketplace. In addition, the trend of interstate buyers is growing quickly and is supported by all-time low interest rates,” said Billy Jaz, a McGrath agent for over seven years.
Billy sold 266 Nineteenth Avenue, Elanora to a retired Sydney buyer for $1,120,000 which is the top end of the Elanora market in August of this year.
Andy and Billy will be joined by Josh Willatt, who was the top performing agent at Ray White Robina for the past five years. His sales include achieving a street record sale price at 2 Rudd Street, Burleigh Heads for $1,650,000; and most recently 20 Pinnancle Court, Robina for $1,095,000.
“Buyer confidence is at an all-time high across majority of price sectors on the Gold Coast. Downsizers are having the biggest impact on the current market as they gain more confidence that they can again achieve higher prices more aligned to that of 2017-2018," said Mr Willatt.
Mr Willatt also reported that first home buyers are coming back to the marketplace, with the historically low interest rates.
"The increased interest from buyers has seen my average days on market decrease from 51 days pre-election to less than 19 days over the past quarter."
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Josh Willatt joins McGrath Gold Coast Palm Beach partnership  

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The third stage of the Gold Coast's light rail project has been approved after securing extra Federal funding to the tune of $157 million. The total Federal Government contribution to the project will total $269 million with the Queensland Government set to contribute $351 million and the Gold Coast City Council contributing $89 million. From the existing southern terminus at Broadbeach, the Stage 3A extension will utilise the Gold Coast Highway median and include an extra 8 stops along the 7km of new tram track to be built.

Upon completion, Mermaid Beach, Miami and Burleigh Heads will be connected to Broadbeach, Surfers Paradise, Southport, and the tram-train interchange at Helensvale by rail for the first time.

A media release from the Prime Minister and Queensland Premier states that the project will create more than 760 jobs during construction.

The investment in the Gold Coast Light Rail extension project sits beside other initiatives in Queensland including the Federal government contributing $50 billion to the relocation of Loganlea station as well as various road upgrades around the state.

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" scrolling="no" src="https://www.youtube.com/embed/ltnQyCVHu8g" width="100%"></iframe>

There are several projects already in the pipeline along the path of the light rail extension project.

Together Mermaid Beach, Miami and Burleigh Heads have several apartment and townhouse projects either underway or waiting for the go-ahead, including the multi-tower <a href="/new-apartments/2605-gold-coast-highway-mermaid-beach">Elegance project</a> located at the existing Broadbeach South light rail terminus and the <a href="/buildings/sandbar-burleigh-heads-1969-1971-gold-coast-highway-burleigh-heads">Sandbar Burleigh</a> project that is located near the new Christine Avenue stop.

Not to be outdone by other suburbs, the bulk of the Gold Coast's pipeline of higher-density residential and commercial projects are located in the arc spanning Southport, Surfers Paradise and Broadbeach.  

<iframe frameborder="0" height="500" scrolling="no" src="https://www.urban.com.au/developments/miami-qld?embeddable=list-map" width="100%"></iframe>

No specific start dates for the extension project were mentioned in media releases from the various levels of government but funding will flow 'immediately' and local Queensland media are reporting the likely start for the extension will be in 2020 with a 3-year construction timeframe. 

Lead image credit: <a href="https://en.wikipedia.org/wiki/G:link">wikipedia</a>
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