<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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Global development and construction giant Qingjian Group Co Ltd has taken control of the luxurious $107 million Northcliffe Residences absolute beachfront project in Surfers Paradise, laying the foundation for its push into the Australian market.
The Chinese conglomerate established in 1952, known as CNQC and ranked in China’s Top 500 enterprises for 12 consecutive years, has developed major infrastructure and residential projects across the world.
CNQC’s turnover exceeded RMB$50 billion in 2015. The company operates throughout China along with the USA, South America, Singapore, Africa, Europe and most recently, Australia.
Highlights of its worldwide development portfolio include luxury villas on Dubai’s iconic Palm Jumeriah, the UAE’s spectacular Nad Al Sheba racecourse, the Beijing 2008 Olympics sailing venue and airports in China and Yemen.
CNQC has increased its original stake in Northcliffe Residences and will take full control going forward.
Eastview Australia will project manage the 25-level Northcliffe Residences, which has development and operational works approval.
Eastview managing director Graham Goldman said the demolition contract had been awarded and clearing of the site would begin on October 4.
Mr Goldman, who is also the director of CNQC’s Australian construction and development arm, said CNQC’s decision to take control of the project allowed site works to start immediately.
“Buyers now have the confidence of knowing the project is moving ahead in the hands of a highly reputable and experienced global developer,” he said.
Mr Goldman said CNQC would use Northcliffe Residences as the launching pad for further projects in Australia.
<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/2016/09/29/BEACH%20FRONT%20VIEW.jpg" alt="">
“The company is not just here to do one project, this development represents its entry into a new market,” he said.
“CNQC, in conjunction with Eastview, is actively looking at other development opportunities in Queensland and Sydney.”
Northcliffe Residences is set to rise on its beachfront parcel at 3 Northcliffe Terrace, just minutes from the heart of Surfers Paradise.
It will offer 75 luxury apartments including a two-level penthouse with private rooftop pool and entertaining terrace, and four whole-floor sub-penthouses.
Residents will have exclusive access to a private ocean-view Beach Club complete with gymnasium, infinity pool, steamroom, sauna, lounge area and separate dining room.
The development has already captured the serious attention of buyers by achieving more than $52 million in pre-sales.
The project is being marketed by McGrath Projects which has a display suite on Cavill Avenue in Surfers Paradise.
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j.ballantyne1990-6AQqhLzZaK

Global giant CNQC takes control of Gold Coast's $107m Northcliffe Residences

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Miami takes the equal top spot on a list of Gold Coast's 2016/2017 top hotspots for investing in houses, part of a new forecast developed by APM senior economist, Dr Andrew Wilson.
The median price at Miami is currently $620,000 with an expected increase of 6% over the next 12 months, according to APM.
Several recent sales in the area are indicating that prices in the area may be on the move.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-miami-123313022">48 Lemana Lane</a> (above)recently sold for $675,000, which is $55,000 more than the median house price.
<img src="/images/2016/09/23/39%20Kallay%20Street.jpg" alt="">
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-miami-121933258" target="_blank">39 Kallay Street</a> (above) was recently sold for $648,000 – $28,000 more than the median price.
The forecast, published by Fairfax Media's The Smart Investor magazine, ranked Palm Beach and Mermaid Beach as the equal best investor hotspots.
Suburb              Postcode       Median price         12 month forecast
Miami               4220              $620,000                           6%
Palm Beach       4221              $690,000                           6%
Mermaid Beach  4218              $1,292,500                         6%
Ashmore            4214             $535,000                            5%
Mermaid Waters  4218             $700,000                           5%
Paradise Point     4216             $940,000                            5%
Broadbeach Waters 4218         $991,000                            5%
Tugun                  4224           $553,500                            4%
Bilinga                  4225           $540,000                            4%
Currumbin             4223           $810,000                            4%
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Miami tops list of 2017 Gold Coast house hotspots

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<div dir="ltr">
Elanora takes the equal top spot as Gold Coast's 2016/2017 hotspot for investing in units with an expected increase of five percent over the next 12 months.
The median price at Elanora is currently $375,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.
<img src="/images/2016/09/22/210%20Daisy%20Street.jpg" alt="">
An example would be a two bedroom apartment at <a href="https://www.realestate.com.au/sold/property-unit-qld-elanora-123015522" target="_blank">2/10 Daisy Street</a> (above) that was recently sold for $412,000, which is $37,000 above the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Miami, Tugan and Runaway Bay as equal best hotspots.
</div>
<div dir="ltr">Suburb                     Postcode         Median price         12 month forecast</div>
<div dir="ltr"> </div>
<div dir="ltr">Elanora                    4221               $375,000                5%</div>
<div dir="ltr"> </div>
<div dir="ltr">Miami                       4220              $437,000                 5%</div>
<div dir="ltr"> </div>
<div dir="ltr">Tugan                      4224               $400,000                 5%</div>
<div dir="ltr"> </div>
<div dir="ltr">Runaway Bay           4216                $511,000                 5%</div>
<div dir="ltr"> </div>
<div dir="ltr">Burleigh Waters       4220                $407,250                  4%</div>
<div dir="ltr"> </div>
<div dir="ltr">Mermaid Waters       4218                $367,000                  4%</div>
<div dir="ltr"> </div>
<div dir="ltr">Currumbin Waters    4223                $421,500                  4%</div>
<div dir="ltr"> </div>
<div dir="ltr">Biggera Waters        4216                $445,000                   4%</div>
<div dir="ltr"> </div>
<div dir="ltr">Broadbeach Waters   4218               $497,500                   4%</div>
<div dir="ltr"> </div>
<div dir="ltr">Benowa                   4217                $430,000                  3%</div>
<div dir="ltr"> </div>
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Elanora tops list of 2017 Gold Coast property hotspots for unit investing

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The Gold Coast mayor Tom Tate and wife Ruth have sold their luxury Paradise Waters home through Ray White Sanctuary Cove selling agent Matt Gates.
Set amid landscaped gardens on <a href="https://www.realestate.com.au/property-house-qld-paradise+waters-123312610" target="_blank">1206 sqm prime waterfront land</a>, the five bedroom, five bathroom house comes with 40 metre waterfrontage offering large vessel mooring options with jetty, boat-ramp, and its own private beach.
There a sparkling resort style swimming pool, alfresco entertaining, bbq and an eight-person spa added by the couple.
They picked it up for $2.65 million in 2011, well under the $4.2 million paid in 2006.
Tom and Ruth are off to their $3.3 million, 1970s-style Sorrento manor, a move that sees him closer to the council's Evendale headquarters.
Sitting on a vast 4424 sqm, the four bedroom, three bathroom home was once owned by the family of former Gold Coast mayor Sir Bruce Small.
The mayor, who has lived all over the Gold Coast with his family, says he plans to stay put at Sorrento.
 This article was first published in the Weekend Australian Mansion Australia property section.
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Gold Coast mayor Tom Tate sells at Paradise Waters

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The need to “dig deep” isn’t just something footy players seek to do in the final quarter of a game – it’s an important mindset for property investors.
Among the many problems on the property playing field is the constant reporting of generalised data. A single figure can describe the entire market in a city of millions.
Unless consumers are willing to delve a little deeper, they will miss the myriad different stories lurking beneath the veneer of that single growth figure.
Some of those stories are strong growth scenarios that investors might want to know about. Equally there are danger signals alerting the switched-on practitioner to traps they should avoid.
There are dozens of examples in the latest quarterly edition of Market Monitor published by the Real Estate Institute of Queensland, with a particular focus on Brisbane and the Gold Coast, two places that are attracting plenty of attention from investors nationwide.
The annual growth in the median house price for the Brisbane City LGA is a moderate 5 percent. I’ve heard talking head TV personalities quote numbers like that and tell people that not much is happening in that market and investors should look elsewhere.
The dig-deeper philosophy would alert the more alert to places that are doing significantly better than the average. Brisbane City is a very big municipality, way bigger than equivalent LGAs in Sydney and Melbourne, and covers a large chunk of metropolitan Brisbane. 
There are around 130 suburbs in the Brisbane City LGA and that 5 percent annual growth figure does a thoroughly inadequate job of describing the state of play in its various markets.
Within that sprawling municipality Banyo, Carina Heights, Robertson, Wilston, Yeerongpilly and Seven Hills all have something in common – they’ve recorded growth above 15 percent in their median house prices in 12 months (although the 23-25 percent growth for Robertson and Yeerongpilly may be misleading because of small sales samples). 
Others with double-digit annual growth include Bulimba, Calamvale, Carindale, Clayfield, Coorparoo, Everton Park, Graceville, Greenslopes, Grange, Hemmant, Highgate Hill, Holland Park West, Inala, Jindalee, Lutwyche, Macgregor, Mackenzie, Manly, Mansfield, New Farm, Norman Park, Sunnybank Hills, Wishart and Wooloowin. 
They cover widespread price ranges, from Inala (median $350,000) to New Farm ($1.5 million).
There are numerous positive growth stories there that investors might want to know about - but are unlikely to discover if their idea of research is skimming the daily newspaper. 
There are some well-hidden negative news items as well. Some of the leadership in the REIQ are in denial about Brisbane’s inner-city apartment over-supply. If you read the executive summary, this is what you would find: “The unit market in the Brisbane CBD has continued to face the question of oversupply and so far the data does not support that verdict.”
But the small print data in the report portrays a quite different picture.
The vacancy rate for inner-city apartments is close to 4 percent (and figures from other sources suggest it is considerably higher). It will rise when new high-rise projects are completed.
While Brisbane City’s median house price is up 5 percent in annual terms, there is no change is the median unit price. And several individual inner-city markets have recorded a decline in the past year, including the CBD (down 1.5 percent), East Brisbane (down 4.1 percent), Bowen Hills (down 7.8 percent), New Farm (down 3.8 percent), West End (down 1.6 percent) and Fortitude Valley (down 5.9 percent).
Median prices can be unreliable and misleading, especially for unit markets, but there’s a fairly distinct pattern there.
An analysis of the Brisbane unit market by Urbis indicates that sales levels have fallen for three consecutive quarters and sale prices have been “steadily decreasing” since the end of last year.
Few of these inner-city apartment markets have recorded any rental growth in the past 12 months and several have delivered falling rents. In the Brisbane CBD the median unit rent has dropped from $600 per week to $570, while New Farm/Teneriffe is down from $510 to $500 and Kangaroo Point has dropped from $495 to $475.
The median rents for the Fortitude Valley and South Brisbane precincts are unchanged.
There are similarly divergent stories to be discovered within the many different markets collectively known as the Gold Coast.
Market Monitor says the median house price is up 6.7 percent in 12 months, but there are plenty of suburbs with growth above 10%. A small number – including Broadbeach Waters, Hope Island and Reedy Creek – are credited with growth in the 16-20 percent range, while the most expensive housing market on the Gold Coast, Mermaid Beach, has allegedly increased 30 percent in 12 months.
The single generalised figure for the Gold Coast apartment market portrays a 3.3 percent rise in the median price, but numerous individual markets have done much better. Hope Island median unit price is apparently up 20 percent in 12 months.
But the big beachside high-rise precincts continue to struggle. Surfers Paradise has recorded a small annual rise in its median price, but it remains 4% lower than five years ago. The Mermaid Beach median unit price is down 1.4 percent in 12 months and 4.1 percent lower than five years ago. Broadbeach is up marginally in 12 months but 13 percent lower than in 2011.
Against that trend, both Main Beach and Southport have recorded meaningful annual rises in their median unit prices and are a little ahead of the price levels of five years ago.
The contrasting situations seen in different sub-markets entail an important lesson for property investors. Ignore the shallow one-figure-for-each-city nonsense published by mainstream media and dig deeper to find the information you need to know to buy wisely and safely.
 
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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Queensland's big beachside high-rise precincts continue to struggle

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Tidemark, the Mermaid Beach home of the Billabong executive Scott Perrin, has been sold for around $25 million.
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A Melbourne buyer is tipped to have bought the <a href="https://www.realestate.com.au/property-house-qld-mermaid+beach-122480410" target="_blank">beachfront home on Albatross Avenue</a>. The unconfirmed buyer according to The Australian is tipped to be Rich Lister Manny Stul, the owner of the company behind the Shopkins toy craze, and the first Australian to be named Ernst &amp; Young World Entrepreneur of the Year.
Stul is the executive chairman of Melbourne-based Moose Enterprises.
Michael Kollosche said the sale was the culmination of five months marketing.
A Chinese buyer agreed in June to pay $27.8 million but the deal faltered on foreign investment issues.
The Perrin price is not a record residential sale for the Gold Coast.
In 2008 BreakFree founder Tony Smith sold an uncompleted mansion in Hedges Avenue to later-failed internet whiz Daniel Tzvetkoff for $27 million.
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Tidemark, Mermaid Beach sold for $25 million

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<img src="https://counter.theconversation.edu.au/content/65084/count.gif" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
Value capture actually can work when it comes to funding new transport infrastructure.
My research on the Gold Coast light rail provides the figures to demonstrate the size of the gains to nearby land values, which were around 25 percent of the A$1.2 billion capital cost in stage one of the project.
Value capture is the idea that new transport infrastructure can be financed, or at least partly, by increases in land value around the project. It’s something Prime Minister Malcolm Turnbull has promoted and industry experts have come out in support of, but the proof has so far been elusive.
To shed some light on the potential scale of such property value gains, I studied the changes in Gold Coast land values following the opening of the light rail project in July 2014.
<h2>Why land values?</h2>
The case for this type of “beneficiary pays” view is a moral one more than an economic one. The moral case is that publicly funded transport projects should not be undertaken for the benefit of a select group of landowners.
For example, we know that the planning system is susceptible to favouritism because it gives windfall gains to landowners. The same holds for transport investments. Thus, there is a fairness argument for taxing these “unearned” gains to fund the transport investment that caused them.
A number of recent articles at The Conversation have described some of the options for translating land value gains into a revenue source.
But while we know that transport investments typically increase land values in areas that become more accessible, does a new rail line increase land values by 5%, or 50%? Taken together, what proportion of the transport investment costs can be funded by these gains? Are they 10%, or even perhaps 100%?
<h2>Who benefits, and by how much?</h2>
To answer the question of how large land values gains are, I used the full suite of statutory land valuations data available in the Gold Coast to tease out the land value variation over time at different distances from the light rail stations. By doing this I could see the path of relative land values for properties within 100 metres of the stations, between 100 and 200m, and so forth, up to 2 kilometres.
I found that land within 400m of the stations increased in value by 7% more than land between 400m and 2km from the stations in the year after the light rail began operation. This is in keeping with the results of some previous international studies.
By applying the price deviation to the total value of land in those areas (a little over A$4.2 billion in 2015), I could then estimate that the absolute change in land value was A$300 million. This is the once-off gain to the owners of the 1,324 plots of land within 400m of the light rail stations as a result of this transport investment.
This estimated value gain is net of additional rates and charges that arise automatically from increasing land values. It is also net of the additional charge levied citywide to help fund transport investment in the city.
At a 5 percent market interest rate, those capital gains are equivalent to an annual revenue stream of A$15 million. This is the total possible revenue from a funding system that perfectly captured all land value gains.
However, state governments already levy taxes on land values, though in Queensland there are many exemptions, including for land holdings under A$600,000 in value. After this, the marginal rate is between 1 percent and 1.75 percent.
It is possible to estimate the additional revenue available to the state government from land value gains due to this investment in the hypothetical situation where there are no exemptions. At a 1 percent land value tax rate, this would be an automatic increase of approximately A$2.5 million in annual land tax income from the value gains due to the light rail. At a 1.75 percent rate with no exceptions, the revenue would be A$3.9 million per year.
Overall, the land value gains from the Gold Coast light rail were around 25 percent of the capital cost. One of the simplest ways to capture these land value gains is to expand the existing state land tax system to remove exemptions. That would automatically capture 17-26% of the potential revenue from the value gains.
Cameron Murray is economist, The University of Queensland, and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/cameron-murray-172480" target="_blank">here</a>.
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jchancellor-FAypfDUnLy

Gold Coast light rail study helps put a figure on value capture’s funding potential

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The Wanda Ridong Development Jewel on the Gold Coast has named Chinese international property website Juwai.com, as its China marketing partner for the billion-dollar, beach front development. 
Lucas Wilson, Jewel director of sales and marketing said China has more than 100 cities with populations above 1 million and it takes an online platform like Juwai.com to take this investment opportunity to the next level.
“The Gold Coast is undergoing a true transformation into an international gateway city, with easy connections to China, and world-class tourism, retail and service offerings," he said.
“As the sixth largest city in Australia, it is also one of the most bio-diverse, and is gaining momentum faster than cities right across the nation,” he said.
Gavin Norris, Head of Australia for Juwai.com, said last year we saw more than 500 percent growth in Chinese buying inquiries to the Gold Coast. 
"Forty-five percent of those buyers were motivated by investment and one fifth by lifestyle,” he said. 
Jewel can be found on Juwai.com <a href="https://www.juwai.com/25644194.htm" target="_blank">here</a>. 
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Juwai.com named market partner for $1 billion Gold Coast Jewel project

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A largely tenanted office building in the Gold Coast suburb of Bundall recently sold for $4.8 million.
The office at 91 Upton Street has a good mix of tenants on various leases, according to the property’s description.
The freehold property, which is leased almost 90 percent, earns a net income of $338,742.41 p.a. plus GST and has the potential to earn $392,742.41* p.a once fully let out.
The building has a net lettable area of 1,555 sqm and was recently upgraded.
The selling agent was Michael Willems of Ray White Commercial.
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Tenanted office building in Gold Coast snapped up for $4.8 million 

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Richie Willemsen of Wilmac Developments is selling a newly completed Main Beach, Gold Coast apartment on the second floor of Alta, a boutique development of six high-end residences. It has been listed at $2.4 million.
Set within walking distance of the beach, the river, the light rail and the shops and restaurants of Tedder Avenue, the property comes with three en suite bedrooms.
There's also a study and access to a communal pool and gym at<a href="https://www.realestate.com.au/property-apartment-qld-main+beach-122305866"> the Woodroffe Avenue project</a>.
Michael Vettoretto of Platinum Residences and Darren Curtis of Christie’s International are co-agents on the listing which is a FIRB approved development, completed September 2015.
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