Longstanding Gold Coast and Canberra developer <a href="https://www.apartments.com.au/developers/morris-property-group">Morris Property Group</a> is continuing to roll on with its Glitter Strip apartment pipeline, seeking to return to Mermaid Beach with a new 68-apartment development.

Morris, founded by Barry Morris in 1978 and one of the Gold Coast’s most prolific apartment developers over the past two decades, has filed plans for a 12-storey mixed-use building at <a href="https://www.apartments.com.au/new-apartments/36-seabeach-avenue-mermaid-beach-qld-4218">34-36 Seabeach Avenue</a>, on the prized eastern side of the Gold Coast Highway.

The 1,227 sqm site occupies a prominent corner position at Seabeach Avenue and the Gold Coast Highway, opposite the Mermaid Plaza retail and office precinct and around 140 metres walking distance from the future Mermaid Beach South light rail station.

<a href="https://www.apartments.com.au/architects/fraser-partners-0">Fraser &amp; Partners</a> has designed the project, which will comprise 68 apartments across a mix of 48 two-bedroom and 20 three-bedroom residences.

The building will rise 12 storeys, reaching a maximum height of 36 metres, with the apartments accounting for a total of 156 bedrooms. The development application also seeks approval for short-term accommodation across the 68 apartments, while two office tenancies are proposed at ground level.

The plans show 108 car spaces across the development, with parking accommodated at ground level and within a three-level basement accessed from Seabeach Avenue.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="c2175c99-12fd-4a3c-9be1-89bbf258a90d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.41%E2%80%AFPM_0.png?VersionId=iNLzWcE6gaAE76rafhEXfHve.4g4Se0p" />

Resident amenity will be concentrated on level two, where Fraser &amp; Partners has designed a recreation deck with a swimming pool, 90 sqm pool terrace, outdoor barbecue area and gym.

The broader communal offering will also incorporate landscaped spaces, with the planning documents noting the amenity has been designed to provide areas for recreation, social interaction and outdoor living.

The proposal would continue the transformation of the Gold Coast Highway corridor through Mermaid Beach ahead of the arrival of the light rail.

The site is zoned Neighbourhood Centre and sits within the Mermaid Beach/Broadbeach Light Rail Corridor neighbourhood plan. While the prescribed building height is 24 metres, the site is identified within an Urban Neighbourhood context providing for a 50 per cent height uplift to 36 metres.

Planning documents describe the stretch of the Gold Coast Highway between Broadbeach and Nobby Beach as increasingly characterised by medium and high-rise development, with the proposed Morris tower joining projects including Ventura, The Alfred, Oceans and Otto.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="911f193f-e381-4a55-be08-58be87fcf978" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%202.59.48%E2%80%AFPM.png?VersionId=oxVvLJaY.SOXEdXrIcogfyEXDfvCmmpM" />

The development would mark Morris Property Group's latest investment in Mermaid Beach, where it has already delivered two apartment projects.

Otto, at 1 Bondi Avenue on the western side of the Gold Coast Highway, comprises 70 apartments across nine storeys. The project was completed in 2019 and includes a residents' gym, recreation deck and swimming pool.

Morris also developed Oceans at 46 Ocean Street, a nine-storey, 70-apartment build-to-rent development completed in 2019. Oceans was the group's first build-to-rent project and incorporates commercial space at ground level.

The two existing Morris projects sit further north along the same Gold Coast Highway corridor as the proposed Seabeach Avenue development. Fraser &amp; Partners' planning analysis specifically identifies both Otto and Oceans among the established built-form precedents surrounding the site.

<img alt="Seabeach Avenue and the Gold Coast Highway" data-entity-type="file" data-entity-uuid="14925119-7b71-4812-8149-340317512c7c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-20%20at%203.00.15%E2%80%AFPM.png?VersionId=aEJqYuw_nTCjcin17BSD0piB1EFotTlj" />

Mermaid Beach represents only part of Morris' considerable Gold Coast footprint.

The family-owned developer has been particularly active in neighbouring Broadbeach, delivering projects including Sierra Grand, Eclipse, Synergy, Qube, Koko, Opus and Malo, while its current pipeline includes Maison and the two-tower Crest development.

Further south, Morris has also developed a string of projects in Burleigh Heads, including Element, Boardwalk and Sandbar, while Essentia expanded its footprint north into Surfers Paradise.

The Seabeach Avenue application has been lodged by PMM Broadbeach Pty Ltd and seeks a development permit for a Material Change of Use for multiple dwellings, short-term accommodation and office uses. Zone Planning Group prepared the planning application, with Fraser &amp; Partners commissioned as architect.

The project comes as the developer continues to expand its Gold Coast pipeline while retaining a significant presence in Canberra. Morris now has more than $2.5 billion of development in its national pipeline and has delivered more than 7,000 homes during its near five-decade history

Joel Robinson

First look: Morris Property Group returns to Mermaid Beach with new Seabeach Avenue apartment development

<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developers/fortis&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw3hvFB2uWTRfEyEcpTSnnK9" href="https://www.apartments.com.au/developers/fortis" target="_blank">Fortis</a>&nbsp;is continuing its stronghold on Sydn​ey’s eastern suburbs apartment market, launching&nbsp;in September&nbsp;its latest boutique&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/developments/double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw0GI5S9-wNeiLUnM-d1uYkw" href="https://www.apartments.com.au/developments/double-bay-nsw-2028" target="_blank">Double Bay</a>&nbsp;development,&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028&amp;source=gmail&amp;ust=1787272340808000&amp;usg=AOvVaw2YNouJQcFjiTTgVHbgDLA-" href="https://www.apartments.com.au/new-apartments/55-william-double-bay-55-william-street-double-bay-nsw-2028" target="_blank">55 William</a>.

55 William presents&nbsp;just eight north-facing&nbsp;two-bedroom, three-bedroom and full-floor&nbsp;residences to the market, priced from $4.5 million.

The upcoming launch comes just weeks after Fortis secured approval for the $80 million development, its third eastern suburbs approval in two months. Construction is already underway, with completion targeted for 2028.

[smartcode_project:default project_id=152579 project_image_fid=376250]

55 William adds to a growing concentration of Fortis projects in and around Double Bay, a market the developer has become increasingly active in over recent years.

Fortis previously completed the nine-residence Marmont on New South Head Road, while it is currently developing a mixed-use residential and retail project at 12 Cross Street. Its wider Double Bay footprint also extends into commercial and retail development.

The developer's broader Sydney residential pipeline is particularly concentrated across the eastern suburbs, with projects spanning Doub​le Bay, Ro​se Bay, Wo​ollahra, Dar​ling Point, Poi​nt Piper and Eli​zabeth Bay.

[smartcode_project:default project_id=152579 project_image_fid=376253]

At 55 William, Fortis has again turned to MHN Design Union, the architecture practice behind several of its eastern suburbs projects, while London-based 1508 London has been appointed to handle the interiors and Wyer &amp; Co the landscaping.

The six-level building will comprise a combination of two and three-bedroom apartments, including a garden residence, full-floor apartments, a sub-penthouse and penthouse. Each residence will have secure basement parking and private outdoor space.

A rooftop terrace for all residents, along with select apartments, enjoys views across Double Bay Harbour and toward the Sydney skyline.

Ceiling heights will reach up to three metres&nbsp;in select residences, while the kitchens will feature natural stone and integrated Gaggenau appliances.

&nbsp;

&nbsp;

The boutique nature of the project reflects the type of stock Fortis has increasingly targeted across Sydney's eastern suburbs, where larger apartments and smaller buildings are being pitched primarily toward local owner-occupiers and downsizers.

Fortis Group General Manager Ed Eve said the developer continues to see demand from buyers wanting to remain in the eastern suburbs but move into newer, lower-maintenance housing.

“We're seeing continued demand from local owner-occupiers and downsizers looking for high-quality homes that allow them to remain in the eastern suburbs, close to the lifestyle and community they know,” Eve said.

55 William is also one of the early projects to respond directly to the NSW Government's Low and Mid-Rise Housing reforms. Fortis had previously secured approval for just two townhouses on the 599 sqm site before revising the scheme to eight apartments following the planning changes.

Situated one street back from Double Bay's water's edge, the project enjoys an enviable harbourside setting within walking distance of Double Bay Village and the ferry wharf.

[smartcode_project:default project_id=152579 project_image_fid=376252]

Fortis has increasingly made the eastern suburbs a major focus of its Sydney pipeline. Beyond Double Bay, it recently completed the 14-residence Piper in Point Piper and has projects underway or planned across Rose Bay, Woollahra and Darling Point.

The developer recently secured approval for Verano in Rose Bay, a six-level development comprising 21 two, three and four-bedroom apartments, also designed by MHNDU.

55 William&nbsp;is soon to be release to the market with VIP appointments commencing early September,&nbsp;with residences priced from $4.5 million.

[smartcode_project_cta:default project_id=152579]

Fortis continues eastern suburbs push with 55 William launch

UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

[smartcode_project:default project_id=135149 project_image_fid=377495]

For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

[smartcode_project:default project_id=135149 project_image_fid=377494]

“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

[smartcode_project:default project_id=135149 project_image_fid=377688]

McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

[smartcode_project:default project_id=135149 project_image_fid=377687]

Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

[smartcode_project_cta:default project_id=135149]

From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

[smartcode_project:default project_id=134873 project_image_fid=376196]

Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

[smartcode_project:default project_id=134873 project_image_fid=376194]

The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

[smartcode_project:default project_id=134873 project_image_fid=376181]

Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

[smartcode_project_cta:default project_id=134873]

The Maybelle brings 27-storey parkside tower to market near North Strathfield

Gold Coast

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Gold Coast sales activity has fallen 17% over the year to February 2019, according to the latest CoreLogic Regional Report.
The report suggests it was the largest fall recorded across all five regions in Queensland. 
Of the 15,475 dwellings that transacted, 43% were houses, while 57% were units.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/gold%20coast%201.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/4/gold%20coast%201.jpg" alt="">
Source: CoreLogic
Gold Coast home values are down slightly when compared to March 2018, with house values falling -2.8%, while unit values are down -0.4% over the year.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/gold%20coast%202.jpg" target="_blank">Click here</a> to enlarge:  <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/4/gold%20coast%202.jpg" alt="">
Source: CoreLogic
The advertised rental rates across the region increased by $20/week for houses and $10/week for units over the year, an increase of 3.7% and 2.4% respectively.
The average home is taking an additional 14 days to sell for houses and 13 days for units when compared to February 2018, while the average vendor discount has increased to -6.4% for houses, and -6.3% for units over the same period.
The CoreLogic Regional Report reveals challenging property market performance across Australia’s regions, with falling sales activity in the 12 months to February 2019.
<a href="https://www.propertyobserver.com.au/images/2019/6/4/gold%20coast%203.jpg" target="_blank">Click here</a> to enlarge:
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/4/gold%20coast%203.jpg" alt="">
Source: CoreLogic
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j.ballantyne1990-6AQqhLzZaK

Largest sales activity fall in Queensland recorded across Gold Coast: CoreLogic 

Off-the-plan apartment sales on the Gold Coast jumped in the recent quarter to be some 45 per cent higher than the prior quarter, according to property consultant company Urbis’ latest figures.

The Gold Coast has five of the top 10 best-selling projects nationwide.

Urbis senior consultant Lynda Campbell said it had “definitely been a good start to the year”.

The report, released today, found new apartment activity in the first quarter of 2019 was up by more than 70 sales from the December 2018 quarter.

“Most of the developers on the Gold Coast are meeting the market,” Ms Campbell told The Gold Coast Bulletin.

“The top-selling projects have been boutique and targeted at owner-occupiers and that’s what the market is looking for at the moment.”

There were 231 new apartment sales recorded from January to March.

Two-bedroom, two-bathroom pads made up 65 per cent of sales.

There are 2800 apartments under construction on the Glitter Strip, of which 62 percent are earmarked for completion this year.

The report found interstate investors have held back in 2019, claiming 25 per ent of sales, down from 42 per cent in the final quarter of 2018.

Foreign investors secured almost a quarter.

The southern beaches precinct, which stretched from Mermaid Beach to Tweed Heads, had more than 60 per cent of sales for the quarter – the highest level ­recorded for the area in the past five years.

In the first quarter last year the stretch only accounted for 25 per cent of sales.

It was also home to all of the four new projects launched across the Gold Coast.

<a href="https://www.domain.com.au/mali-residence-4-6-alexandra-avenue-broadbeach-qld-4218-2014829266" target="_blank">Mali, the new 55 apartment block developed by Dankav</a> has six of its levels having only three apartments per floor.&nbsp;The curved BDA Architecture-designed building is set to be completed in mid 2020. It has a residents swimming pool on level nine, half way up the 17 level tower, located right on the border of Broadbeach and Mermaid Beach.

Knight Frank director and Queensland head of project marketing Chris Litfin, noted many developers had bought land between Mermaid Beach and Tweed Heads because it offered better value compared to other blocks closer to existing infrastructure.

“They can provide a product near the beach at a low price point,” he said.

The majority of those developments were considered boutique, which Mr Litfin said included between 60 and 120 apartments.

The report noted an average sales price of $788,312.

The number of cranes from apartment projects on the Gold Coast skyline has surged.

There are 30 cranes on the Glitter Strip – seven more than six months ago - according to the latest Rider Levett Bucknall Crane Index.

The director of RLB’s Gold Coast office, Jim Krebs, said the Gold Coast has the fifth highest number of cranes in Australia after Sydney, Melbourne, Brisbane and Perth.

Krebs noted there had been a fall in the value of residential construction projects starting and underway, with a shift towards smaller mid-rise towers.

The newly installed cranes included Vue Apartments and Elysian in Broadbeach while cranes were removed from the 40-level Qube in Broadbeach. Every light in the Qube was switched on for half an hour on one night in January earlier this year to celebrate the finished product.&nbsp;

An earlier Urbis report found the average sale price for the new boutique offerings had jumped $100,000 to more than $700,000 since 2017. &nbsp;

In part it is because developers have been offering a bigger apartment size, blocks no longer modelled on a hotel, where apartments are squeezed in to every level.

Nowadays developers often design four apartments per floor which allows each to occupy a corner of the building which offers two different viewpoints.

The other trend is whole floor.

31BB, named after its address at 31 Broadbeach Boulevard, has committed to this grander scale, the whole floor offering.

The $65 million Woods Bagot-designed&nbsp;project has 22 apartments across its 20 levels.&nbsp;

There are just eight remaining.

Selling agent&nbsp;Andrew Bampton&nbsp;says the buyers are typically aged 45 and over who are either downsizing or rightsizing as they say now, but still want size, luxury, quality interiors and an oceanside location.

"They are not retiring from life but are looking for a lock and leave lifestyle with no maintenance, in proximity to dining and entertaining options," Bampton says.

Bampton says the other key buyer group is a similar age, however are setting the apartment up as their second residence.

"People from Brisbane, Sydney and Melbourne have taken a keen interest in 31 Broadbeach," Bampton suggested, adding it was owner occupier only.

31BB is slated for completion next year by Optimus Developments which is headed by Andrew Karpati.

“Broadbeach already has a strong sense of community," Karpati noted.

A 305 sqm, three bedroom, three bathroom beach house takes up the ground floor, while the top floor is occupied by a four bedroom penthouse.&nbsp;

Both have their own pools. The beach house is still for sale.

The residents communal amenities sit on level 20, where there's a 15 metre heated lap pool.&nbsp;

On launch the full-floor 280 sqm residences featuring three bedrooms and three bathrooms started from $3.05 million.

In recent years Broadbeach has seen billions proposed in investment, led by the upgrade to The Star Gold Coast Casino. More than $2 billion will be spent with up to seven towers rise on the site. It follows the $670 million expansion and renovation of Pacific Fair Shopping Centre. Broadbeach was in the second stage of the Gold Coast Light Rail.

There's around 6500 apartments at Broadbeach which is set for the imminent launch of its highest beachfront residential tower, the 54 floor, 170 metre CLASS Broadbeach.

It will sit next to the area's current tallest building, the eastern Oracle tower.

CLASS Broadbeach will have 46 apartments, including 34 full-floor three bedroom apartments. There will be five two-level sky homes and a three-level penthouse.

It might not be the tallest as veteran developer John Potter has plans for a 68-storey twin super tower fo 2022 completion.

Vue Broadbeach by Andrews Projects, is nearing completion and nearing a sellout.

The $75-million First Avenue tower Vue, due to completed later this year, has achieved a 90 per cent sales rate. &nbsp;

Its penthouse fetched $5 million

The elliptical-shaped building has 71 apartments over 25 levels with a typical four apartments per floor.

The remaining apartments are two and three bedrooms, with open planned living spaces and ocean views.

"We are seeing a trend of local over 50’s looking to downsize, and Brisbane buyers looking for quality lock up weekenders," sales executive&nbsp;Sarah Andrews said.

Proximity to the Broadbeach Bowls Club was a major factor for one retired couple who will be downsizing from their large Clear Island Waters home.

It’s the sixth highrise project for the local family developer Andrews Projects, and their first in Broadbeach, which will be followed by Encore, a $78 million apartment building on Britannia Avenue which will have 86 residences across 25 storeys expected to be completed by late 2020.&nbsp;

Elysian, the $79 million Spyre Group project, will also a typical four per floor configuration across the 21 level luxury tower, set on the beachfront reserve Old Burleigh Road opposite Pratten Park.&nbsp;Elysian will have 61 apartments including two half-floor sub-penthouses starting at $3.4 million and two full-floor four bedroom, four bathroom penthouses priced at $4.7 million.

Sprye has installed new technology My Butler, a 24/7 virtual concierge which can book Elysian facilities, transport, cleaners and a car-wash among other services.

My Butler also has a building events calendar, along with the Elysian community portal which will have up to date notices on the building and its management.

Its basement car parking also features innovative technology, the Gold Coast’s first residential hi-tech automated vehicle storage system.

There have been amalgamations by some off the plan buyers, including Sydney couple who had not visited the Gold Coast in more than a decade, but will soon be able to visit whenever they want having amalgamated two apartments&nbsp;giving them a four-bedroom, three-bathroom holiday residence.&nbsp;

Elysian&nbsp;Broadbeach&nbsp;is now 80 percent sold with construction by Hutchinson Builders expected to be completed in early 2020.

CBRE director of residential projects Nicholas Clydsdale sold 25 apartments in the first three months of marketing in early 2018.&nbsp;

Its three bedrooms are priced from $1,340,000.

Koko at Broadbeach will have four apartments per floor throughout its 31 level tower by Morris Property Group.

The 100 apartment boutique development at 12-14 Elizabeth Avenue included five, three-bedroom half-floor sub-penthouses.

The level five, resident-only floor features Koko's resort-style amenities such as a pool, spa and a yoga lawn.

Half of the 94 two bedroom apartments are sold.

Chris Litfin is handling the marketing for the developer Barry Morris.&nbsp;

Litfin said owner-occupiers had been spurring the top end of the Gold Coast market.

“While once luxury would have been totally categorised as penthouses and sub-penthouses, now luxury is wrapped in the location and the amenity of the offering."

Since 2002 there have been around 125 sales above $2 million in Broadbeach, topping out in 2015 at $8 million in Oracle, which accounts for around a quarter of the luxury sales.

Off-the-plan apartment sales on the Gold Coast jumped in the recent quarter to be some 45 per cent higher than the prior quarter, according to property consultant company Urbis’ latest figures.

Interstate buyers decline amid surging Gold Coast OTP apartment sales

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Mount Warren Park, Beenleigh and Windaroo are top of the list for buyer interest on the north-west of Gold Coast, according to a recent Herron Todd White (HTW) residential report. 
The report suggests while market activity and in some cases prices have come off a bit in recent months, it is still possible to find a value for money house or unit.
"There are options for those who want to buy and renovate for a profit or rental returns. Some positively geared options are also around," the valuation firm said. 
"The suburbs we have chosen are established older areas, not flooded with redevelopment, new estates or investors."
A on-ground semi modern house in Mount Warren Park has been sold for $230,000 (pictured above). 
The circa 1990 brick house at <a href="https://www.realestate.com.au/sold/property-unit-qld-mount+warren+park-130205206" target="_blank">14/9 Quinton Court</a> comes with three-bedroom, one-bathroom, tiled roof and single-car garage.
The property includes renovated kitchen, bathroom and new carpets.
It rents for $310 per week with body corporate fees of $40 per week.
<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/2019/5/21/windaroo.jpg" alt=""> 
The property at <a href="https://www.realestate.com.au/sold/property-house-qld-windaroo-129568426">13 Mewing Court, Windaroo</a> comprises a semi modern, on-ground, circa 1992, brick three-bedroom, two-bathroom dwelling with single-car garage and tiled roof.
It includes recent floor coverings and paint with original kitchen and bathrooms. Land area is 622 square metres. Property rents for $390 per week.
The compromises are that you are mainly looking at older properties which may require maintenance or updating soon, the report noted.
"When you look at nearby suburbs such as Bahrs Scrub or Holmview where you can buy a new dwelling, these properties are usually priced up to the dollar and can often take some years before you see a capital gain given the premium paid for being new," it advised.
"We consider there to be a likelihood of prices falling somewhat for most of this year in these locations, then hopefully a resurgence in the market thereafter.
"However at present, the rental market in these locations is pretty strong providing a good holding income in the meantime.
"The property to buy as a home or an investment are regarded as the same property in these locations."
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North West Gold Coast's established suburbs offer value for money: HTW

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Brisbane Broncos NRL captain Darius Boyd is busy off-field with his property portfolio.
He has just listed his <a href="https://www.realestate.com.au/property-townhouse-qld-tugun-130893526" target="_blank">Tungan, Gold Coast, investment townhouse</a> (above) at $475,000. It cost $427,000 in 2009.
Last month Boyd and his pregnant wife Kayla <a href="/news/brisbane-bronco-darius-boyd-lists-hendra-home">listed their Hendra home</a> in Brisbane’s inner north with $1.99 million hopes.
An accompanying social media post gave the reason behind the listing of their four-bedroom, two-bathroom home.
“Catching the reno/build itch, time for number two we think,” Kayla posted. “Not sure how we’re going to say goodbye to this one.”
Designed by Base Architecture and built by Graya Construction, the stylish property is clad in black timber.
Boyd scored one try and made another in the Broncos’ 26-10 Friday night win over Manly.
This article was first published in the Sunday Telegraph. 
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Brisbane Bronco Darius Boyd lists Gold Coast investment townhouse

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Melbourne-based restaurant chain Dosa Hut have opened their first Gold Coast store after securing space at a convenience centre located in a central part of the region. 
The chain will occupy a 165 square metre tenancy at Crestwood Plaza in Molendinar after signing a five-year lease with options in a deal negotiated by Tanaka Jabangwe, Knight Frank’s Associate Director of Retail Leasing. 
Jabangwe said Dosa Hut had been looking for the right opportunity to open a store in the growing Gold Coast region for some time before leasing the Crestwood Plaza space.
“The tenant had been wanting to establish a presence on the Gold Coast for some time but was looking for the right space and this Molendinar shopfront ticked all the boxes,” he said. 
“Dosa Hut were seeking a central location in a suburban catchment with ease of access to major road networks, and Crestwood Plaza fit the bill on every aspect. 
“The convenience centre is situated on Olsen Avenue, which is a very busy thoroughfare with plenty of traffic passing estimated at circa 57,000 cars daily, which offered great exposure for the restaurant.” 
Dosa Hut, which serves south Indian cuisine, already operates 19 restaurants across Victoria, New South Wales, the Australian Capital Territory and Queensland, but the Molendinar restaurant is the first for the Gold Coast. 
“Crestwood Plaza offered a perceived geographical centre to service both the northern catchment and parts of southern Gold Coast with ease,” a spokesperson said. 
“We are confident in our food and believe the Gold Coast will appreciate the quality, authentic Indian food we have on offer.”
Located in the heart of a major Gold Coast growth district in Molendinar, Crestwood Plaza convenience centre fronts the booming Crestwood Heights residential estate, is adjacent to Bunnings Warehouse and opposite Griffith University’s future development land. 
The centre features over 190 car parks, a full line Supa IGA as anchor tenant and 17 other specialty stores. 
With limited vacancies remaining in Crestwood Plaza, Knight Frank are currently seeking interest from additional food and beverage establishments, health and fitness groups, allied health and/or medical. 
Jabangwe said the Gold Coast retail market continued to be largely driven by demand from local and interstate food and beverage operators. 
“After the Commonwealth Games we’ve seen an increase in enquiry from established operators seeking high profile positions across the city,” he said. 
“There has also been an increase in Asian cuisine offerings and national chains in strategic shopping centre positions particularly through the northern suburbs of the Gold Coast. 
“High-end food and beverage offerings have predominantly been focused around the traditional premium precincts of Surfers Paradise and Broadbeach with a surge in demand for southern Gold Coast positions between Mermaid Beach through to Palm Beach, but there is also plenty of demand from other operators for other suburban areas of the Gold Coast. 
“The suburban catchment offers a less seasonal serviceable population as it alleviates the predominant dependence on tourism spend as perceived in areas such as Surfers Paradise and Broadbeach. 
“Dosa Hut believe local community engagement is paramount to their success and this was one of the key reasons why the first store had to be in a central suburban area.”
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Dosa Hut restaurant chain opens first Gold Coast store in Molendinar

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Charter Keck Cramer (Charter) is expanding its national operation with a new office on the Gold Coast.
Shaun Golden (National Director) and Jamie Macdonald (Associate Director) will lead the Gold Coast office with James White (Senior Valuer) also joining the team as a Commercial Valuer.
“Following the success of Charter Keck Cramer’s Brisbane Office over its first year of business it became obvious to establish a Gold Coast presence” said Golden.
Charter opens its fourth national office as it continues to canvass further international expansion throughout Asia to compliment its Singaporean office, which opened late in 2017.
“Our business is as dynamic as the property industry itself,” said Peter Hutchins, Charter Keck Cramer’s managing director.
"Our diversity and geographical reach is responding to the needs and wishes of our clients.”
Charter also has offices in Melbourne, Sydney and Brisbane.
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Charter Keck Cramer to open Gold Coast office

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Nine registered bidders competed for two Varsity Lakes commercial units in-one-line.
The lots at <a id="LPlnk234390" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGK6vkMsBwZNMqWOFQ/7Sa7CpOXKAS3WXZm4Yx57VCcQKi9iO3luO3Ng==&amp;rh=ff0049020f47ab20a33a1389084da3826c16d801" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">10 and 11/15 John Duncan Court</a> sold under the hammer for $1.275 million.   Lot 10 came with 295 sqm GFA + 33 sqm approved office mezzanine, two industrial height roller doors, two undercover car parks, exclusive amenities, kitchenette/lunch room and truck access.   Lot 11 came with 320 sqm GFA + 222 sqm approved office mezzanine with office fit-out, multiple executive offices and meeting rooms, air-conditioning throughout, two industrial height roller doors and two undercover car parks   The properties were marketed and sold by Ray White Commercial Gold Coast duo Jared Johnson and Lachlan Marshall.   Mr Johnson said “there was a real buzz throughout, and with 43 enquiries during the campaign, you could tell the potential buyers really appreciated the opportunity on offer,” he said.   “Competition was fierce between the nine registered bidders, and after a starting bid of $800,000, the price went all the way up to the winning bid of $1.275M.”   Mr Marshall said the location of the properties alone was a real drawcard to buyers, being just 2km* from the M1 Pacific Motorway.   “It’s also just 5km from famous Burleigh Heads beach and takes advantage of surrounding major operators such as Bunnings Warehouse, Trade Tools, Treetops Shopping Centre and Varsity Lakes station."   “The asset was purchased by a local buyer and they'll be using the properties for storage space and an office,” he concluded.
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Two Gold Coast commercial units in-one-line sell for $1.275 million

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Two Gold Coast commercial properties have settled for a combined $4 million in a week.
Both properties sold above their reserve.
AMP Ltd paid $2.35 million under the hammer for a 600 sqm retail building at 10 Harvest Court, Southport (pictured above). The price was $300,000 above the reserve. 
The Harvest Court property, which drew 11 bidders, is located next to the Ferry Road Markets precinct and adjacent to a property acquired by AMP two years ago. 
The property has a site area of 1500 sqm with development approval for a three-storey medical-office building. 
<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/2019/4/11/7-8-84%20Brisbane%20Rd1.jpg" alt="">
The second property, an office-retail holding at 7-8/84 Brisbane Road, Labrador (pictured above), sold to a Gold Coast investor for $1.65 million.
It has a net lettable area of 376sqm with an A-grade tenant on a long-term lease. The sale was struck on a yield of 8.65 per cent. 
Ray White Commercial’s Michael Willems, who negotiated both sales, said the Labrador property drew six registered bidders and was highly sought after. 
“The vendors of both properties were determined to sell at or prior to auction, and we’re pleased to have achieved a very strong result from the campaign,” said Mr Willems. 
Ray White Commercial Gold Coast director Greg Bell said “There’s been a general rise in capital flowing into commercial property nationally, and the Gold Coast is shaping up as a prime target market to capture some of this investment,” said Mr Bell. 
“These auction sales, both of which were well above the reserves set by the vendors, affirm the underlying appeal of the Gold Coast commercial market to both large and small investors.” 
Ray White Commercial is expecting the sales momentum to continue for its upcoming mini-auction next month which will bring eight properties to the market. 
The program is being held from on May 2 at the Gold Coast Turf Club in Bundall.
Properties on the program include: 
<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/2019/4/11/Yarrabilba%20hero3.jpg" alt="">
· Six prime retail shops at 9-13 Waldron Street, Yarrabilba (pictured above), to be sold as individual lots
<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/2019/4/11/11-13%20Olympic1.jpg" alt="">
· An industrial property at 11-13 Olympic Circuit, Southport (pictured above), on a 2002 sqm site
· A site tenanted by Mitre 10 at 9 Stewart Road, Currumbin Waters.
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Commercial sales set the tone for Gold coast commercial property in 2019: Ray White

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The Gold Coast tourism market continues to drive economic growth and support demand for retail activity, according to a new market report.
Approximately 25% of investment sales in Queensland in 2018 were Gold Coast retail assets, said the Colliers International release. 
And $465 million in sales were recorded in the Gold Coast retail market in 2018, with yield spreads up to 100bp compared to Sydney and Melbourne. 
Steven King, Director-in-Charge of Colliers International Gold Coast said international tourism and education sector may receive a boost at the back of the lower Australian dollar, which will ultimately support demand for retail property and increase demand for hotel accommodation. 
“We have seen $500 million worth of investment in new retail developments in 2018, such as the $470 million Westfield Coomera, which is a testament to owners’ optimistic outlook for the retail sector in the Gold Coast over the short to medium term,” said King. 
“Low regional unemployment, population growth and consistent net interstate migration is supporting the retail activity and demand for future retail centres. Residential hot spots like Ormeau, Oxford and Nerang are desired locations for future retail development. 
“Consistent growth in airport operations is on the back of increasing tourism activity which is boosting the retail sector. Per the Gold Coast Airport Master Plan 2017, the Gold Coast Airport will service 16.6 million passengers by 2037, an average growth rate of five% per annum.”
The author of the report, Research Manager at Colliers International Karina Salas, said residential sector is set to benefit from strong forecast population growth and solid infrastructure investment pipeline. 
<a href="https://www.propertyobserver.com.au/images/2019/4/8/GOLD%20COAST%201.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/GOLD%20COAST%201.jpg" alt="">
“Median house price on the Gold Coast is $100,000 more affordable than Noosa, and $50,000 more affordable than Brisbane,” said Salas.
“The affordability factor along with the unique lifestyle makes Gold Coast an attractive location for owner-occupiers and investors.” 
<a href="https://www.propertyobserver.com.au/images/2019/4/8/GOLD%20COAST%202%20.jpg" target="_blank">Click here</a> to enlarge
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/4/8/GOLD%20COAST%202%20.jpg" alt="">
“Looking at other markets, value proposition of investment in the Gold Coast office market is solid, considering the current prime-yield spread of 200bp compared to the Brisbane market,” said Salas. 
“The performance of the leasing market is also gradually strengthening, as demand for office accommodation continues to gradually increase and support a consistent tightening of vacancy rates. 
“When it comes to the industrial sector, Yatala precinct will remain a popular location for industrial operators looking for large space requirements of 2,000 square metres and above. This is because Yatala offers affordable leasing and investment opportunities compared to other industrial precincts in Brisbane. 
“The net face rents in Yatala are usually 15 to 20% cheaper than Brisbane industrial precincts, while land values could be up to 35% more affordable compared to other industrial precincts in Brisbane. 
“Demand in this precinct is coming from the growing transport and logistics sectors, considering the excellent accessibility which is further supported by $2.5 billion M1 upgrade masterplan within the Logan corridor and Yatala.”
<a href="https://www.propertyobserver.com.au/images/2019/4/8/GOLD%20COAST%203.png" target="_blank">Click here</a> to enlarge
<img src="https://www.urban.com.au/images/2019/4/8/GOLD%20COAST%203.png" alt="">
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Solid Gold Coast economy boosting retail sector: Colliers International 

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International hotel group Quest has partnered with Australian developer <a href="/developers/pellicano-group">Pellicano</a> to construct an eight-storey multi-residential building by 2020. Pellicano purchased the Gold Coast site last year, and obtained consent for the build in August 2018. Quest's reputation as one of Australasia’s largest and fastest growing apartment hotel chains has been one of the key factors to ensure Pellicano’s confidence in the project.

<blockquote>
“This project’s convenient location and ease of access to lifestyle amenity paired with Quest’s solid reputation for delivering quality accommodation ensures our confidence in the success of this project." 
</blockquote>

- Nando Pellicano, Pellicano Managing Director

<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/quest2.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="326" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/quest2.jpg?itok=SiKSpggw" width="580"></a>

<figcaption>Quest Robina and Lucia Residences. Credit: Pellicano/Quest</figcaption></figure>Quest Robina and Lucia Residences will be Quest’s debut into the Gold Coast market, and will feature 80 rooms, 37 sqm of ground-floor retail, a two-level basement carpark and 24 residential apartments.

<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/quest3.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="402" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/quest3.jpg?itok=BBv51vYl" width="580"></a>

<figcaption>Quest Robina kitchen layout. Credit: Pellicano/Quest</figcaption></figure><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/quest1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="395" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/quest1.jpg?itok=4DWupYZC" width="580"></a>

<figcaption>Lucia Residences kitchen design. Credit: Pellicano/Quest</figcaption></figure><blockquote>
“Best of all it will generate more local jobs and give Robina an opportunity to share in benefits of Council’s push for the Gold Coast to remain Australia’s tourism capital.” 
</blockquote>

- Hermann Vorster, <a href="http://www.goldcoast.qld.gov.au/default">Gold Coast City Councillor</a> 

The Gold Coast has experienced a growth of business travel over the past 6 years in addition to low office vacancy, so the need to create more accommodation and office facilities was essential.

<blockquote>
“…We see Robina as a key commercial centre for the Gold Coast economy – evidenced by low office vacancy, iconic commercial towers and a range of drivers across the health, sporting and retail sectors to support future growth. Business trips to the Gold Coast have experienced average growth of above 6.5 per cent over the last six years which represents 10 per cent of the overnight domestic travel market. This provides a wonderful opportunity for Quest Robina to provide quality accommodation to meet this demand.” 
</blockquote>

- James Shields, Quest Apartment Hotels General Manager - Growth

Quest Robina and Lucia Residences will be the first of multiple joint ventures of Quest and Pellicano, totalling approximately $182 million. Other projects are likely to take place in the Victorian suburbs of Ballarat, Preston and Geelong.
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