Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Joel Robinson

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
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[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

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Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

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Eastern Suburbs buyers snap up ESTE Little Bay apartments

<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.
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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

Gold Coast

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Professional surfer Sally Fitzgibbons has purchased a two bedroom apartment in the Gold Coast's beachside Jewel development, paying an undisclosed sum.
Two bedroom apartments in the three-tower project are selling for around $1.5 million with one-bedroom units not he market for around $700,000.
She told the Gold Coast Bulletin she had been hunting for a property investment after selling her “bachelorette pad” in Minnamurra last year.
“The Gold Coast will always have a warm place in my heart, so it’s only fitting it has a place in my property portfolio as well,” she said.
Jewel’s joint developers, Dalian Wanda Group and partner Ridong Group, have launched a second stage of 102 apartments for sale. The development is slated to have 512 residential apartments, a 169-suite five-star hotel, three levels of car parking with 812 spaces, plus retail and dining precincts when completed in 2019.
Lucas Wilson, Jewel director of sales and marketing said the developers are partnering with her Fitzgibbons to create a new surfing contest, the International Women’s Surf Classic in November.
For more information, <a href="https://www.jewelgc.com" target="_blank">click here</a>.
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Pro surfer Sally Fitzgibbons buys Jewel, Gold Coast apartment

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A caveat is blocking the sale of the $100 million Gold Coast Sheraton Mirage resort.
The Queensland government has issued a caveat temporarily blocking the sale to help class action lawyers seeking to take control of it in the interests of Indian investors.
In 2009, before its collapse, India’s $10 billion failed Pearls Ponzi scheme brought more than $100 million of the scheme’s money to Australia, buying the Sheraton Mirage
Barrister Niall Coburn, a former investigator with the Australian Securities &amp; Investments Commission who is running the class action with Shine Lawyers, told The Australian the Queensland government registrar of titles had lodged a cav­eat.
The Federal Court in Brisbane will decide this week whether to grant a longer-term caveat over the properties.
A 92-page originating applic­ation filed by the class action lawyers details some of the devastation wrought by the Pearls scheme and its founder, Nirmal Singh Bhangoo, now in an Indian jail.
Pearls, was spruiked in India by Australian cricketer Brett Lee, who was paid $300,000 for his services.
It promised investors huge ­returns if they invested in land parcels across India.
In 2014 Pearls Group, the New Delhi based property group was accused of allegedly duping Indian investors by promising agriculture land in a so-called $10 billion ponzi scheme.
The India CBI registered a case of criminal conspiracy and cheating under Sections 120B and 420 of IPC against Pearls Group managing director Nirmal Singh Bhangoo, his two companies Pearls Agrotech Corporation Limited (PACL) and Pearls Golden Forest Limited (PGFL) and their director Sukhdev Singh.
The CBI claimed the documents recovered by it during searches at the premises of Delhi-based business groups PACL and PGF show they allegedly used ponzi scheme to cheat nearly five crore investors of Rs 45,0000 crore.
It is an associated New Delhi-based Pearls Group that paid $62 million for the Sheraton Mirage in 2009. It was the Christopher Skase-built resort on Queensland's Gold Coast. 
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Gold Coast Sheraton Mirage caveat stops Pearls Group sale

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The Wagner construction clan, one of Queensland's richest, have snapped up an apartment in the Gold Coast tower, Soul.
The Toowoomba family paid $2.7 million for the 46th floor, four bedroom sub-penthouse that traded at $3.8 when bought in 2013 by the Sherrin family in the Juniper development.
This article was first published in The Weekend Australian.
 
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Henry Wagner buys into Soul

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Property investors looking for an apartment for under $500,000 on the central Gold Coast are spoilt for choice according to the property valuation firm, Herron Todd White.
HTW's residential market report for July said potential buyers will need to be aware of body corporate costs, sinking fund balances and any extraordinary works however noted apartments under $500,000 can be purchased no more than 150 metres away from the beach.
"In this price bracket, two-bedroom units at Mermaid Beach would be a property our valuers recommend due to the beach being no more than 150 metres away, Pacific Fair’s recent upgrade and the lively café and bar scene.
"While there are many options available to purchasers with $500,000 to spend in the northern corridor growth suburbs of Pimpama and Coomera, if looking to invest money of my own, I’d be looking at more central Gold Coast areas in close proximity to the beach.
"This is partly due to the vast amount of new stock currently being developed or scheduled for development, as well as the over inflated prices charged for house and land packages which are the most common property type in this area.
"Detached dwellings still appear to be a better investment than units with agents reporting investors buying dwellings for land banking purposes in areas such as Labrador and Southport. These areas have possibly peaked for shorter term consideration. Investors in this case are looking for properties with higher density development potential for example duplex approved sites with dwellings that provide some holding return."
Property Observer found a two bedroom, two bathroom unit for sale on Mermaid Beach<a href="https://www.realestate.com.au/property-unit-qld-mermaid+beach-119994605" target="_blank"> for between $279,000 to $309,000</a>.
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Coastline Gold Coast unit purchasers still spoilt for choice under $500,000: HTW 

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Apartments on the Gold Coast are at the peak of the market cycle according to the June property clock from Herron Todd White.
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Units in Dubbo, Newcastle and Melbourne are also at the peak.
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According to HTW, a boom is unlikely given the current state of play, and bust is not expected provided prices do not continue to grow through to 2018. 
"During a boom market the last sector to see gains has historically been acreage housing and old highrise units. It is also not unusual for these two sectors to be the rst to stall as the market slows, which is the case according to our current experience," HTW said.
"There is a hive of activity around Southport in the Priority Development Area with a number of new mediumrise residential buildings either recently completed or under construction. 
These buildings are offering compact style units which have mainly appealed to investors at attractive price points around $400,000. These units are renting out between $420 and $470 per week and have quite manageable Body Corporate fees of around $50 per week. 
"Agents have been reporting that older established units (duplex and townhouses) are spending more time on the market than six months ago and this could be attributed to the new affordable stock available in Southport and Biggera Waters. 
HTW reported the apartment market for central Melbourne has started to soften for the first part of 2016, with a 0.5 percent drop in unit prices for the first quarter of 2016, including a fall of 0.9 percent in March, according to CoreLogic. 
"Based on figures provided by the REIV, Melbourne CBD had a 17.2 percent drop in the median unit price while Docklands had a 6.7 percent increase in the median price and Southbank had a 6.3 percent median price rise," HTW said.
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Gold Coast apartments at top of the property cycle: HTW

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The Gold Coast City development CityVillage has secured an $185 million sell-out.
Some 201 terrace homes have sold at CityVillage for an average of $550,000 since its launch to the market in late 2013.
The final terrace home sold off-the-plan last week for $569,000 to a local owner-occupier.
The dual tower Bohème Apartments, which is more than 80 per cent sold, now represents the final opportunity to secure a place in the sought-after CityVillage community.
The Robina Group sales manager Azura Griffen said CityVillage had been one of the developer's most successful projects in its 36-year history, with one stage of terrace homes selling out in just 48 hours.
CityVillage was recently recognised at the prestigious Urban Development Institute of Australia (UDIA) awards as the top medium density development in Queensland and was a finalist nation-wide.
It offered terrace housing on individual titles.
Griffen advised low vacancy rates and high rental demand had made Robina one of the city's most in-demand suburbs.
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Award-winning CityVillage, Robina, sells out

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A small shop in Gold Coast’s Broadbeach is up for lease and would ideally suit a fast food eatery.
The property at 6/2723 Gold Coast Highway is being marketed by Raine &amp; Horne’s David Task.
Spread over 44 sqm, the property has a partial fit-out and includes a cold room and exhaust canopy. It is available from August 1.
Fronting Gold Coast Highway, the property has great exposure. It is also opposite the Convention Centre and Light Rail station
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Fast food outlet in Gold Coast's Broadbeach up for lease through Raine & Horne

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A 1930s era trophy home near Tamborine Mountain, northwest of the Gold Coast, has been sold by Tony and Christina Quinn, who bought Darrell Lea confectionary out of administration.
Their Tamborine Mountain Great Gatsby-style eight-bedroom house fetched around $5.5 million through Robert Graham and Michael Willems of Ray White Prestige Gold Coast. 
The mansion at 46-54 Curtis Road, Tamborine Mountain, was bought by a retired couple.
The Quinns, who started the VIP Petfood manufacturing chain, <a href="https://www.realestate.com.au/property-house-qld-tamborine+mountain-108663471" target="_blank">bought the partially completed property</a> in 2011 from receivers for $1.25 million.
The median price for a home in Tamborine Mountain is $502,500, according to CoreLogic.
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Tamborine's Great Gatsby trophy home sale

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The Ultra Tune owner Sean Buckley has listed his redundant Gold Coast penthouse for June 15 auction.
<a href="https://www.coastal.com.au/2954348/" target="_blank">The sprawling 573 sqm northern unfurnished penthouse</a> in Aria cost Buckley $2.7 million when bought late last year from the Smith family of Balwyn.
Set over two levels, the Sunland-built apartment has four bedrooms, four bathrooms and a private rooftop terrace with a 15 metre lap pool and a 10 person sauna.
Aria's southern penthouse was once owned by Athena Starwoman and husband John Demartini.
Buckley is the executive chairman of Ultra Tune which is an Australian car service franchise with over 270 outlets across Australia. 
He also owns Ultra Thoroughbreds, a primary and pre-training equestrian stud which has had huge success, particularly with Shamus Award who won the Cox Plate in 2013 and the Australian Guineas in 2014.
The marketing of the apartment by listing agent Tolemy Stevens of Harcourts Coastal suggests that the apartment was acquired as part of a large commercial deal and was surplus to requirements. 
This article was first published in the Weekend Australian Mansion Australia property section.
 
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Aria, Gold Coast penthouse offering

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Gold Coast estate agency Raine &amp; Horne Mermaid has merged with former rival LJ Hooker Mermaid and appointed Anthony Steinberg as new principal.
Raine &amp; Horne Mermaid will operate from 2485 Gold Coast Highway, Mermaid Beach, with former principal Kae Beadman staying on as a sales agent.
Steinberg said local apartments are attracting a 5 percent yield and out of area investor enquiry has spiked by 15 percent over the last couple of months. 
“The Gold Coast is one of the hottest property markets in the country at the moment, with days on market running at less than 14 days," he said.
“The Commonwealth Games is creating plenty of good consumer and business sentiment at a time when real estate values and lower yields in Sydney and Melbourne have local and overseas investors focusing on the Gold Coast."
Mr Steinberg, who was with his previous real estate group for 12 years, said large contingents of Chinese and Korean buyers are making their presence felt.
"They are being enticed by the Gold Coast’s lifestyle and education opportunities, afforded by the expanded Bond and Griffith university campuses, new hospitals and better transport infrastructure," he said,
Angus Raine, executive chairman, Raine &amp; Horne said the merged entity will have much greater market presence than the two smaller offices enjoyed and this will offer a broader choice of real estate solutions and expertise to owner-occupiers and investors.
"After 27 years in the area, it’s pleasing that Kae Beadman has decided to stay on in a sales role and I’m sure her knowledge and familiarity with Raine &amp; Horne will be a significant help to Anthony, who is a Mermaid Beach local. It’s a combination that I’m sure will make a significant mark on the local real estate market.”
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