<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" />

&nbsp;

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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The Gold Coast housing market is the juggernaut of the southeast, reaching a new high median house price of $615,000 for the March quarter, according to REIQ's latest Queensland Market Monitor quarterly report.
The unit market, on the other hand, slipped 1.2 percent to a March quarter median of $410,000 compared to $415,000 for December 2016.
Looking at annual data, (which is less volatile than quarterly data) the Gold Coast has been one of the state’s best performers for the house and unit markets, reaching an annual growth of 6.4 percent for houses and 5.2 percent for units to March 2017.
The Commonwealth Games $160 million Roads package fully funded by the State Government has been one of the key drivers of economic development in the region.
This investment is still in progress and will deliver a significant road upgrade to Southport – Burleigh Roads, Labrador – Carrara Roads, Olsen Avenue and Nerang – Broadbeach Road.
In addition to the numerous Commonwealth Games projects, the $70 million Gold Coast cruise ship terminal proposal is getting closer to become a reality.
Environmental approval from the Federal Government, potentially the biggest hurdle for the project, was granted in mid-May 2017.
The economic fundamentals supporting the property market in the region are solid and driven by a large infrastructure investment program.
Local agents are very positive about the future of the residential property market.
However, in the post-Games period, the Gold Coast economy may require concerted efforts from all levels of government to ensure a jobs program is in place to shore up employment in the region.
The housing market performed strongly over the March quarter, with the quarterly price growing 4.2 percent to a new high of $615,000.
The annual median house price increased 6.4 percent to $585,000 for the 12 months to March.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.27%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.27%20pm.jpg" alt="">
This increase positioned the region as the second-best annual performer for the house market to March 2017 (following Noosa).
Over the medium term (five years), the Gold Coast median house price grew 26.5 percent, which equates to 4.8 percent per annum (from a median price of $462,500 in March 2012).
This makes the Gold Coast the strongest performing house market in the state over five years.
The Gold Coast has five suburbs with an annual median house price above $1 million, compared to only three suburbs for the March quarter 2016.
Paradise Point has entered the million-dollar club in this March quarter with an annual median sale price of $1.09 million.
Affordable houses in the region are still available primarily in the suburbs of Lower Beechmont, Jacobs Well, Neerang, Ormeau and Upper Coomera; which reported annual median sale price in the range of $385,000 to $468,000.
The volume of activity reduced 5.6 percent from 1892 in September 2016 to 1786 in December 2016.
Preliminary data for March indicates a reduction of about 23.1 percent to 1373 sales.
This data will have to be reassessed in the June 2017 Queensland Market Monitor to confirm whether the number of sales in the region is experiencing a downward trend or just quarterly volatility.
The most active price point for the house market has been the $500,000 to $750,000.
For the 12 months to February 2017, the median days on market and median vendor discounting reported minor changes.
A house in the Gold Coast takes approximately 35 days to sell and requires a discount of about 4.2 percent.
Housing supply increased 16.3 per cent to 11,514 listings for the 12 months to February, triggering an increase in the stock on market from 7.6 percent in February 2016 to 8.8 percent in February 2017.
A three bedroom house at <a href="https://www.realestate.com.au/property-house-qld-robina-125589182" target="_blank">74 Easthill Drive</a>, Robina (above) has been listed for $629,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-qld-pacific+pines-125118482" target="_blank">36 Pago Terrace</a>, Pacific Pines (below) has been listed for over $600,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/16/36%20Pago%20Terrace.jpg" alt="">
The land was last sold in 2001 for $68,000 with the property built the following year.
The Gold Coast unit market slipped 1.2 percent to a March quarter median of $410,000, but it was still the busiest apartment market in Queensland, with preliminary sales of 1859 compared to Brisbane LGA of 1578 for the March quarter.
The annual median unit price increased 5.2 percent to $405,000 for March.
Similar to the house market, the Gold Coast is one of the best annual performer for the 12 months to March 2017.
Over a five-year period, the unit market increased by 12.5 percent, from an annual median sale price of $360,000 in March 2012 to $405,000 in March 2017, which is equivalent to moderate annual growth of 2.4 percent.
Based on annualised data to February 2017, units sell in about 50 days with a discount of 4.4 percent.
The annual number of listings to February 2017 increased 27.2 percent to 14,112.
This triggered a lift on the stock on market from 9.3 percent in February 2016 to 11.8 percent in February 2017.
The Gold Coast’s rental market has operated within the tight to healthy range for the past 19 quarters.
Vacancy rates returned to the tight range, reaching 1.7 percent over the March quarter.
Local real estate agents operating in the region indicated that generally properties remained vacant between 1 to 2 weeks and the market has performed well and reasonably steady over the past two to three years.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.34%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.34%20pm.jpg" alt="">
The Gold Coast’s rental market is the most expensive in Queensland with the median rent for a three-bedroom house at $470 per week, which is $30 a week more expensive than the same house in Brisbane LGA.
The median rent for a two-bedroom unit, at $420 per week, increased by $20 or about 5 percent over the March quarter.
This increase has positioned the Gold Coast two- bedroom unit rental market as one of the most expensive in Queensland, along with Brisbane LGA.
The weekly median rent of three-bedroom townhouses held steady at $420 for March.
<a href="https://www.propertyobserver.com.au/images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.42%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/15/Screen%20Shot%202017-06-15%20at%201.47.42%20pm.jpg" alt="">
The indicative gross rental yields for houses weakened by 0.2 percentage points to 4 percent for March due to the upward trend of the median sale price.
In contrast, the gross rental yields for units increased 0.2 percentage points to 5.3 percent due to the reduction on the quarterly median unit price.
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j.ballantyne1990-6AQqhLzZaK

Gold Coast hits $615,000 median house price

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Tower Three of Wanda Ridong’s $1 billion plus Gold Coast development project has already registered more than 120 interested prospective buyers.
The 108-apartment luxury tower will have views from Burleigh Heads to South Stradbroke Island. The apartments come in configurations of one, two and three bedrooms.
Prices start from $1,099,000 for a one-bedroom, two-bathroom executive apartment up to 133 sqm. Two-bedroom apartments (139 sqm to 165 sqm) start from $2,575,000 while the three-bedroom apartments (202-270 sqm) start from $3,982,000.
The three towers will have 512 apartments, a 169 suite six-star hotel as well as retail and culinary precincts, said Wanda Ridong Developments Gold Coast Pty Ltd.
The triple tower resort, which has its own, private beachfront entrance, has banned holiday letting, and been designated residents-only to ensure maximum comfort and privacy, according to a media release.
Jewel’s towers will stand on an enviable 1.14 hectare site on the famous Surfers Paradise beachfront, giving residents and guests uninterrupted views over the Pacific Ocean.
The construction contract — worth more than half a billion dollars — was officially awarded to Brookfiled Multiplex last year.
The luxury apartments will be provided with a 24-hour residential concierge service. Wanda Ridong director Baron Li said the 24-hour concierge will be housed in Tower Three’s private lobby.
“Our Tower 3 residents will be able to call on the concierge day or night, to take care of their every whim,” said Li.
Wanda International Real Estate marketing director Michael Purefoy said Tower Three held such a commanding position and viewpoint that its warranted taking the concept of a luxury living to the next level,” Purefoy said.
Tower Three is expected to be launched in July launch, though the pre-launch period has started.
Wanda Group was established in 1988 and in 2016 its assets amounted to 796.2 billion yuan with operating revenue of 255 billion yuan. On the Gold Coast, Wanda has teamed with Chinese property developer Ridong Group. 
For more information, <a href="https://www.jewelgc.com" target="_blank">click here</a>.
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jonathanchancellor-7SQnKwU6yx

Wanda's Gold Coast Jewel Tower Three pre-launch begins with more than 120 interested buyers

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Coles is selling a newly developed supermarket on the Gold Coast.
The  3,717sqm supermarket, 10kms east from Surfers Paradise at Pacific Pines is on a 10,150sqm site and has a 15 year net lease with four 10 year options until 2072.
It is listed for sale through Peter Tyson, Steven Lerche and Pat De Maria of Savills Australia.
Peter Tyson said long term net leases such as this are extremely rare in the marketplace, which coupled with the strategic location within a strong population growth corridor, make the asset very desirable for risk-averse investors.
This is a gilt-edged property,” he said.
“Freestanding Coles Supermarkets are one of the most highly sought after asset classes in the Australian commercial property market.
"The offering is enhanced by a very attractive net lease structure whereby Coles is responsible for all operating expenses – a rare attribute in the Queensland market."
Pat De Maria said recent transactions of freestanding supermarkets over the last 12 months have achieved yields ranging between 3.77 percent and 5.27 percent, with the average yield around 4.5 percent.
“It was also interesting to note, Savills transacted the Coles’ developed and anchored Coburg North Village Shopping Centre featuring 15 specialty shops for $37.98 million at a record yield of 4.9 percent,” he said.
Auction of the Coles Supermarket at Pacific Pines is set for Thursday 20 July 2017 12pm at Sheraton Grand Mirage, Gold Coast. 
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Coles Supermarket Gold Coast set for auction

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Queensland's Hutchinson Builders has been chosen by Qingjian Group to build the Gold Coast 25 level residential development Northcliffe Residences.
Northcliffe Residences has sold $60 million in presales in the past 18 months..
Graham Goldman, Northcliffe Residences’ project director of Eastview Australia, said the appointment of Hutchinson Builders to bring the project to fruition was a major coup for developer CNQC.
Designed by architect Cottee Parker, Northcliffe Residences will offer luxury 75 one, two and three-bedroom apartments, a two-level penthouse with private rooftop pool and entertaining terrace, and four whole-floor sub-penthouses.
Residents will have private access to exclusive facilities at a stunning Beach Club equipped with a gymnasium, steam room, sauna, lounge, dining room, surfboard storage, and an infinity pool and terrace flowing directly to the beach.
For more information <a href="https://www.northclifferesidences.com.au/" target="_blank">click here</a>.
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mick.cee-iDmgDDAmu8

Hutchinson Builders win contract for Northcliffe Residences, Gold Coast

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The Gold Coast is about to witness a spate of developments ahead of the Commonwealth Games in 2018.
More than 3,000 development applications have been made to the Gold Coast City Council this financial year, including several multimillion-dollar projects, according to the Gold Coast Bulletin.
Developments either approved or dumped in 2016-17 by city council: 
Imperial Square 
A multibillion-dollar superpower city which would feature a 108-storey building at its centre awaits approval. It has been put forward by developer Azzura.
Aquis Pacific Point 
A $440 million, 48-storey tower proposed by Hong Kong billionaire Tony Fung’s Aquis has won approval. Construction is set to begin later this year.
The current tower at Main Beach Parade, Surfers Paradise will be demolished to make way for the new complex.
Spirit 
The 89-level tower will be the Southern Hemisphere’s tallest tower upon its completion. The beachside project is being built by Chinese developer Forise.
Construction has started on the $1.2 billion project and it is expected to be completed by 2020.
It will reach a height of 297 metres, soaring above Q1’s 245m roof.
The Mariner 
A $600 million, two-tower development proposed by developer Sunland Group, has been temporarily shelved after it faced opposition from locals and city leaders but is expected to resurface later this year.
Orion 
A 103-story tower project in Surfers Paradise has been granted approval. The development will consist of two towers, one 76 storeys high and the other reaching up to 103 storeys.
It will sit just metres below the maximum allowable height under the flight path.
Star Of The Sea 
A multi-tower development complex proposed for a Marine Parade site in central Surfers Paradise. It is expected to have at least three towers and its developers are searching for a partner for the project.
Midwater
A hi-tech 47 storey tower, including a seven-level car stacker has been given the go ahead by the Gold Coast City Council’s planning committee.
The project was proposed by York Property Holdings for Main Beach. 
Unnamed Main Beach Tower 
A 50-storey project planned by developer Hapsburg for a site on the corner of Main Beach Pde and Woodroffe Ave has been rejected. It was refused by the council because of the density and design of the project.
ASF Integrated Resort
A $3 billion, five-tower project put forward by ASF. The state government is expected to take a decision to approve it later this year.
The Star Towers 
Approved in 2016, one tower is already being built and is due to open by Christmas. Construction of the second, larger tower will begin next year.
One Marine Parade
Construction is expected to begin next year on a $136 million, 35-storey residential tower planned by developer Sunland for the Labrador KFC site on Marine Parade. It will go to market before Christmas.
Queen Street Village
Work has started on an eight-tower residential and retail precinct to be built on the old Gold Coast Hospital site in the heart of Southport. Developer Nerang St Pty Ltd’s multi-billion project targets retirees and students.
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prateek24-ezbwHMbNAk

Construction spree in Gold Coast ahead of Commonwealth Games

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Listed property developer Sunland Group have bought a beachside site at the prestigious Hedges Avenue on the Gold Coast for $13.4 million with plans for a $210 million 40-storey residential tower.
The 1,821 sqm site is located at 272-276 Hedges Avenue in Mermaid Waters, Sunland said in an ASX announcement. 
It is close to The Star casino and resort complex and the Pacific Fair shopping centre.
Sunland managing director Sahba Abedian said the group wanted to design the tower to specifically cater to the owner-occupier market with high-level finishes and amenities.
The apartment mix would be two-bedroom to four-bedroom units. 
“Sunland intends to lodge a Development Application in the coming months, with a vision to deliver a boutique 40-storey residential tower comprising approximately 90 apartments,” said the ASX release.
Sunland is betting big on the Gold Coast market, with four proposed developments in the city.
The Gold Coast has seen a surge in infrastructure projects ahead of the Commonwealth Games in 2018.
Sunland’s other development on the Gold Coast include a luxury apartment project Marina Concourse in Benowa and a terrace home development called The Heights Residences in The Heights master-planned community in Pimpana.
Its portfolio of developments is estimated at $4 billion.
Earlier this year, Sunland reported a 45 percent jump in profit to $5 million for the half-year ended December 31, driven by a robust increase in settlements.
Sahba Abedian recently listed his luxury riverfront apartment in Newstead. The three bedroom apartment is in the Mirvac-built Pier Waterfront, the Property Observer reported.
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Sunland buys Gold Coast beachside development site for $13.4 million

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Moving into 2017, the Gold Coast commercial property has continued to reflect strong market conditions, say valuation firm Herron Todd White in their April report which also sees Gold Coast approaching the peak of market position. 
Recently released PCA data indicates the across market vacancy level at January 2017 was 12.2 percent. This is down from 14.3 percent in July 2016 and 13.2 percent in January 2016.
Continuing the trend over the past several years, we are unaware of any planned new office buildings for 2017 apart from some smaller developments in areas such as Ashmore Road, Benowa targeting the medical sector. On this basis, the vacancy level on the Gold Coast is anticipated to improve (reduce) further moving forward. 
Sale transactions to date in 2017 suggest continuing robust interest. An example of this is the now publicly reported sale of 183 Varsity Parade, Varsity Lakes for $11.8 million. This is a 32.5 percent increase on the previous sale in December 2014 at $8.9 million.
The property has been purchased by the Clarence Property Group, a long term participant in the Gold Coast commercial market and in particular the office sector over the past few years. This two-level building of 3,153 square metres is reportedly fully leased, although net income and yield have not been disclosed. The sale reflects $3,742 per square metre on lettable 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/2017/04/21/HTWGoldCoast.jpg" alt="">
At the other end of the spectrum is 19-21 Gardenia Grove, Burleigh Heads, which settled last month for $2.9 million. This is a converted squash centre in a beachside location providing 1,061 square metres of net lettable area. It is also fully leased, but shows a low WALE of two years. The sale reflects $2,733 per square metre and a passing yield of 7.94 percent. 
“We note there are several other commercial office buildings currently listed for sale which we anticipate when sold will demonstrate yields at or possibly 25 basis points lower than 2016.”
Of particular interest will be how the market place perceives the expansive Bundall Corporate Centre, which has an EOI campaign closing 23 March 2017. This property comprises two existing office building with 21,111 square metres of lettable area, but with a further 15,500 square metres of developable land that could provide an array of opportunities for further office space, retailing, residential apartments or combinations thereof. This is a large, commercial property ticket item for the Gold Coast, having sold in the past a couple of times pre-GFC at circa $100 million and then post-GFC at circa $60 million. 
In respect to the office rental sector, commercial agents are also reporting good conditions with reported uplift in enquiries, uplift in rental levels and stabilisation or reduction in the level of incentives. 
Typically, rental rates for A grade stock ranges between $450 and $500 per square metre gross plus car parking; B grade stock between $350 and $450 per square metre gross plus car parking, whilst C and D grade stock ranges between $225 and $300 per square metre plus car parking. Incentives would now be expected to represent circa 7 percent to 8 percent of lease term rental. 
The Gold Coast strata office market has also continued on its reasonably strong path into 2017, again buoyed by owner-occupiers taking advantage of the low interest rate environment. Value rates exhibited by good quality strata office space on the Gold Coast typically reflect between $3,500 and $4,500 per square metre inclusive of car parking and between $2,000 and $3,500 for secondary stock depending on size, location and physical attributes. These are similar levels to 2015, although the median rate in each category has probably increased circa 5 percent. 
“Moving through 2017, we would expect the buoyant conditions to be maintained on the back of sustained low interest rates and ongoing benefit of planned infrastructure associated with the Commonwealth Games in 2018.” 
“However, we do have reservations that the market is becoming over heated.” 
Further, global conditions, including a change of President in the US and the possibility of diplomatic tensions moving forward could have implications for the Australian property market overall, conclude HTW.
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Gold Coast office market robust: HTW 

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<img src="https://counter.theconversation.edu.au/content/78190/count.gif?distributor=republish-lightbox-advanced" alt="The Conversation" width="1" height="1">GUEST OBSERVER
The light rail project pushed up property values within 800 metres of the stations by over 30 percent from 1996 to 2016. Gains on this scale offer a potential source of finance for public transport.
Gold Coast’s light rail scheme has attracted great interest since the streets of Surfers Paradise were torn up and stations and track were built. Was it worth spending A$1.5 billion on 13km of light rail and more than $40 million a year in subsidies?
Are we right to be spending another $420 million on an extension to Helensvale in time for the Commonwealth Games? Should we be taking it all the way down to Gold Coast Airport?
Another question is whether gains in property values served by the project could be “captured” to fund such infrastructure.
Previous studies of property values in areas serviced by the light rail showed only modest gains after it opened. Our research cast a wider net back to when we first started planning the system in 1996 through to the latest data we could get in 2016.
The results were intriguing. We found that prices in the catchment areas started to increase in the earliest planning phases. The effects of the light rail were to push up property values within 800 metres of the stations by more than 30% in total from 1996 to 2016.
This is well above most previous estimates of a light rail system’s effects. This is mainly because we looked earlier for the property value gains and used a carefully designed control to make the comparison.
<h2>Impact after opening seemed modest</h2>
These findings cast a different light on the apparently modest impact of the light rail after it opened.
When the first stage from Broadbeach to our university at Parkwood opened it was well received. But the behaviour change we all hoped for was rather modest at first. After opening in 2014, patronage did not surge compared to bus ridership on the route in earlier years.
New passengers got on board, but it was an uphill climb for the new system. Fare increases of almost 50% from 2010 to 2014 pushed passengers off public transport across southeast Queensland, especially on rail.
Not all passengers enjoyed improved service for their particular journeys either. Those who used to travel through the corridor in a bus now had to break their journey at the light rail terminus and transfer, adding travel time and annoyance.
In the second year of operation, however, patronage jumped 16% and our contacts suggest third-year patronage is tracking well. Subsidies per passenger are falling. The decision to add the connection to Helensvale looks a sound one.
But, seemingly, other changes everyone expected weren’t there. The Bureau of Infrastructure, Transport and Regional Economics analysed property values in the corridor from 2000 to 2013 using a coarse geography and didn’t find much evidence of any uplift. This gave many cause for concern.
Reassuringly, Cameron Murray used valuation data for a similar period using a different geographical scale and found a 10% increase for properties within 400 metres of the new stations. But there was still uncertainty.
Our new research backs up and expands on Murray’s findings, suggesting there was substantial positive impact.
<h2>What did our research look at?</h2>
Our research team in the Funding on the Line Australian Research Council Linkage Project took a different approach.
In a peer-reviewed paper, which will shortly be presented at the World Symposium on Transport and Land Use Research, led by Barbara Yen, we used sales data for residential properties along the corridor. Our study compared areas within 800 metres of the stations with a control area containing locations a little further away but still in the same vicinity.
We used a longitudinal methodology to see when the value uplift occurred from back in 1996, when planning of the system first started, through to the latest 2016 data. Property prices in the catchment areas started to increase very early in the planning phase. The property value uplift was highest in the locations between 100 and 400 metres from the stations.
Values went up 11.9% in these locations compared to our control areas between 1996 and the feasibility study’s announcement in 2002. They increased a further 26.3% from 2002 to 2006 over the control areas when the feasibility study was completed. Prices rose only 2.3% from 2006 to 2011 when the formal funding commitment was made and construction began, and then by another 5.4% after the line opened to the end of the study period in 2016.
<a href="https://www.propertyobserver.com.au/images/2017/05/29/file-20170524-5749-1f04vgx.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/29/file-20170524-5749-1f04vgx.png" width="700" height="263">
The areas less than 100 metres from the stations, and between 400 and 800 metres also recorded strong increases compared to the control areas, though not quite as much.
This is to be expected. Sites closest to the stations received some nuisance from the light rail and road corridor; sites further away obtain fewer advantages in travel time savings for passengers.
<h2>What are the funding implications?</h2>
The property value gains attributable to the project from 1996 to 2016 of more than 30% are very significant. Yet it’s pretty much only the landowners who benefit.
The City of Gold Coast recoups some of its $120 million investment in the light rail through its rates and its public transport levy on urban residents. The Queensland government may end up getting a little slice via stamp duty as properties are sold. The few pieces of government-owned land likely rose in value.
But the state and federal governments generally have no other mechanisms to take a small sliver of the increased property value their investment generated to help pay for the light rail system or reinvest in public transport elsewhere. We’ve written about this previously in The Conversation and suggested ways we could change the system.
A recent federal parliamentary inquiry and moves to set up “value sharing” units in the Queensland and New South Wales governments suggest we are now getting serious about generating alternative funding for public transport.
Our study’s results only add more support to these initiatives. Get it right and we should be able to deliver more metros, busways and light rail to serve our growing population and its increasingly urban way of life.
 Matthew Burke is an Associate Professor, Cities Research Institute, Griffith University and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/matthew-burke-1677" target="_blank">here</a>.
 
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jchancellor-FAypfDUnLy

Why Gold Coast light rail was worth it: Matthew Burke

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Halcyon, has officially launched its flagship $300 million Halcyon Greens masterplanned community at Pimpama on the Gold Coast.
The over 50s gated golf and residential community, has frontage to an existing 18-hole golf course.
Halcyon Greens is the seventh and largest venture for Gold Coast-based Halcyon.
The development will feature five residential precincts surrounded by natural wetlands, conservation zones, parklands, wildlife and Gainsborough Greens Golf Course.
Halcyon Greens will have 500 luxury homes and is designed by Sanctuary Cove architect Brian Toyota, of ML Design.
Mr Toyota said while Sanctuary Cove introduced the masterplanned community to Australia, Halcyon Greens saw the evolution of the concept for the discerning baby boomer market.
“A lot has changed since the mid 1980s and the notion of the masterplanned lifestyle community has become accepted practice in large developments,” he said.
“Over 50s residential communities, with central clubhouses are one example of a new development model suited to today’s demographics; developments that are designed to offer ‘lifestyle.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/GG%20interior2.jpg" alt="">
Halcyon joint managing director Bevan Geissmann said Halcyon Greens’ unique offering and central location in a high-growth region had met strong market acceptance with 75 percent of homes sold, worth a total of $28 million in the first and second release.
“We are thrilled with the enthusiastic response to the first stage of Halcyon Greens which is unlike any over 50s lifestyle community in Australia,” he said.
“Halcyon Greens will deliver a country club lifestyle in a safe, idyllic and sophisticated setting which appeals to the discerning baby boomer market.”
The project is ideal for downshifting retirees seeking to free up equity and embrace a more leisurely lifestyle by selling their suburban family homes, as described by leading demographer Bernard Salt in his report ‘Re-imagining the Great Australian Lifestyle’.
Homes now for sale at Halcyon Greens are priced from $424,000 to $750,000.
For more details, go to <a href="https://www.lifebeginsathalcyon.com.au" target="_blank">lifebeginsathalcyon.com.au.</a>
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Halcyon Greens launches at Pimpama

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The designer behind Queensland's Sanctuary Cove residential development heads the team developing the $300 million over 55s Halcyon Greens community on the Gold Coast.
Brian Toyota of ML Design, said a lot had changed since the mid-1980s but creating a lifestyle remained at the core of the masterplanned community concept.
“Over 50s residential communities, with central clubhouses are one example of a new development model suited to today’s demographics; developments that are designed to offer ‘lifestyle’,” he said.
"The ML Design team realised the significance of the Halcyon Greens project when they saw the size of the site and the potential scale of development.
“This was not only a pristine setting surrounded by golf course and nature reserves, it was a much larger property:  more than twice the size of previous Halcyon developments.
“In property development, larger does not necessarily mean better.
“The challenge was to create a plan that took advantage of the positive aspects of a large site by providing more amenities for home owners, while retaining the ‘Halcyon family’ feel for the development.
“We wanted every householder at Halcyon Greens to appreciate the proximity to those things that made the site special: the golf course and nature reserve that defines the perimeter of the site.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Bevan%20Geissmann%20Donna%20Gates%20%20Paul%20Melville2.jpg" alt="">
"Rather than construct one huge central clubhouse, ML Design’s solution was to develop a ‘campus’ of distinctly themed buildings set into a central parkland stretching almost the length of the site and including a new clubhouse for the Gainsborough Greens Golf Course.
“So, homes around the perimeter of the site enjoy frontage to the surrounding golf course or nature reserve and pedestrian paths and cycle ways.
“But also, in running parkland down the middle of the site, the homes fronting this internal open space enjoy the same open space frontage, so we have effectively doubled the high value frontage.
“The result is that no resident of Halcyon Greens will be located more than a couple of minutes’ walk from open space and amenities.”
“The whole process of developing the masterplan, defining the brief for the amenities, designing the clubhouse buildings and associated landscape treatment was undertaken as a team effort in a series of planning workshops.
“This ensured the ongoing input of those who were working within Halcyon’s existing properties.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/05/18/Bevan%20Geissmann%20%20Paul%20Melville2.jpg" alt="">
“We find it difficult to draw a line between masterplanning and architecture because in our practice, the two processes occur seamlessly together,” he said.
“The layout of the clubhouse buildings at Halcyon and the distinct architectural styling is linked to the concepts and principles developed with the masterplan and supported by the detailed landscape design.
“It is this holistic approach to design that will benefit the residents of Halcyon Greens because, as we’ve always said, ‘it’s all about the lifestyle’.”
For more details, go to <a href="https://www.lifebeginsathalcyon.com.au" target="_blank">lifebeginsathalcyon.com.au</a> and <a href="https://www.propertyobserver.com.au/mldesign.com.au" target="_blank">mldesign.com.au</a>.
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