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.

[smartcode_project:default project_id=112343 project_image_fid=352689]

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.

[smartcode_project_cta:default project_id=112343]

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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Sometimes dubbed Australia's leading stock picker, Mark East has turned his investment attention to property. 
He's splashed out $2.73 million on the Gold Coast securing a newly refurbished three bedroom, three bathroom home at Currumbin following trips to the holiday hotspot. 
The near beachfront house was sold by Ray White Mermaid Beach agent Troy Dowker who advertised it as <a href="https://raywhitemermaidbeach.com.au/qld/currumbin/1430347/" target="_blank">a holiday rental market prospect of $1,300 per week</a>. 
It was in 2008 when the Bondi-based East co-founded Bennelong Australian Equity Partners which secured the best returns on the Australian equities market last year, returning around 34 percent.
This article was first published in the Weekend Australian Mansion Australia property section.
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Stockpicker Mark East buys Currumbin holiday rental 

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The Gold Coast, Sunshine Coast, Ipswich, Caboolture, Caloundra and Noosa all have rental vacancy rates of less than two percent according to the REIQ March quarter Vacancy Rate Report.
Chief executive officer of the REIQ Antonia Mercorella said the Sunshine Coast has had tight conditions for more than four years and rental accommodation can be very challenging to find and believes the local market needs dwelling construction.
REIQ CEO Antonia Mercorella said the data showed that specific markets in southeast Queensland were crying out for greater investment and more housing construction, adding that negative gearing has contributed to rental affordability - benefitting one-third of Queenslanders who rent. 
“With the national debate focused on negative gearing it’s important to remember that negative gearing has been critical in maintaining a supply of investors to the market who provide rental accommodation, and this has also helped keep rent levels in check,” she said. 
"The tightest vacancy rate in Queensland is the Sunshine Coast Hinterland, with 0.9 percent, which includes towns such as Maleny, Nambour and Eumundi. Cairns has been the standout regional centre, with further tightening of the vacancy rate, from 2.5 percent down to 2.1 percent. 
“The Cairns property market is showing signs of consistent, solid improvement and this is a reflection of the broader economy which has rebounded well from the post-GFC woes. There are some great signs of recovery in Cairns, including significant levels of development already taking place.”
 
Brisbane's inner-city CBD recorded a drop from 3.1 percent to 3.0 percent. 
“The inner 5km ring is at 3.3 per cent and the middle ring is at 2.5 per cent – these levels continue to fall within what the REIQ considers the healthy range,” she said. 
“We are clearly not oversupplied – at this stage.”
 
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Sunshine Coast, Gold Coast rental market tight: REIQ

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The newly developed Alta building on Gold Coast's Main Beach was designed by Willemsen Architecture.
Set in a boutique block of just six flats, the apartment is located just 500 metres from the ocean and 200 metres from the Nerang River.
The 323 sqm apartment boasts a generous 249 sqm of internal space and has three bedrooms, three bathrooms and a study.
The open plan living area meets a 40 sqm entertainers terrace.
The kitchen is the focal point of the property, featuring a four metre Carrara marble island bench with waterfall edge, a wine fridge, and integrated appliances.
The <a href="https://www.christiesrealestate.com/eng/sales/detail/170-l-86-f1603221113700002/alta-crafted-with-passion-other-queensland-ql-4217" target="_blank">property is available through</a> Christies International agent Darren Curtis who is asking for $2.4 million.
The other five apartments in the block which features a north-facing saltwater lap pool and residents' gym are also for sale. 
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Gold Coast trophy block Alta apartment listed 

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Gold Coast is approaching the peak of market for both houses and units in valuation firm Herron Todd White's April 2016 property clock, a simple broad brush means to indicate where property markets are and the direction they're headed in.
<a href="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%201.34.54%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%201.34.54%20PM.png" alt="">
Fringe areas on the Gold Coast can generally describe localities west of the M1 Pacific Motorway, north of the Coomera River and south of the Tweed River. This encompasses small lot residential and master planned housing communities, acreage, rural lifestyle and farming areas. On the Gold Coast the diversity of property can be quite extreme within a relatively short distance. 
West of the M1 Pacific Motorway are the areas such as Mudgeeraba, Worongary, Highland Park, Gilston, Nerang and Gaven. All these localities have experienced a varying degree of price growth over the past 18 months with detached dwellings being the predominant type of housing in this area. 
<a href="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" target="_blank">Click to enlarge</a>
<img src="/images/2016/04/15/Screen%20Shot%202016-04-15%20at%2012.53.43%20PM.png" alt="">
At present there are vast opportunities to purchase a detached house within a reasonably affordable price range ($350,000 to $550,000) and which could potentially offer a solid rental return. 
Some examples of properties which have recently sold in the more established fringe areas are as follows: 
18 Equinox Court, Mudgeeraba sold in January 2016 for $445,000.
This property comprises a circa 1980, partly refurbished, semi-modern style, single storey, rendered brick, three-bedroom, two-bathroom, dwelling, with concrete tiled roof and one uncovered car space. The living areas are approximately 129 square metres and has an outdoor area of approximately 38 square metres. 
The dwelling is located on an easy sloping, regular shaped, inside block situated above road level with some local and mountain views. Outdoor improvements are of an average standard and include established landscaping; garden shed, and retaining walls. The property has a good presentation with a land area of 880 square metres. Sale price apportioned as follows: Land – $275,000; Improvements – $170,000. It is located within a quiet residential street and is also within close proximity to Mudgeeraba township. This property was sold by PRD Nationwide in the first week that it was listed on the market and sold prior to the commencement of internet advertising. 
The current asking rental prices within Mudgeeraba typically range between $450 and $500 per week for a residence similar to the above mentioned property. 
7 Sue Ct, Highland Park sold in January 2016 for $410,000.
This residential property comprises a circa 1987, semi-modern style, single storey, three-bedroom, one-bathroom, brick dwelling with concrete tiled roof and one car garage. The living areas are approximately 106 square metres. The dwelling has been fully renovated internally and is located on an easy sloping, slightly irregular shaped, inside lot situated above road level. The outdoor improvements include shade sail, moderate landscaping and garden shed. The dwelling presents in a fair condition, with modern PC items of average quality. The property has good access to the M1 Pacific Motorway. The land area is 697 square metres and the sale price has been apportioned as; land value – $250,000; improvements value – $160,000. 
The current asking rental prices within Highland Park typically range between $400 and $450 per week for a residence similar to the above mentioned property. 
3 Mango Ct, Nerang sold in January 2016 for $418,756.
The property comprises a circa 1980, semi-modern style, single storey, three-bedroom, one-bathroom, brick dwelling with concrete tiled roof and 1-car attached carport. The living areas are approximately 125 square with the outdoor area 33 square metres approximately. The dwelling is located on a 
moderately sloping, irregular shaped, inside lot situated at road level. The property has no signi cant views with outdoor improvements including moderate landscaping, lawn locker of 6 square metres and solar panels. The property has a fair presentation with a land area of 712 square metres. 
The current asking rental prices within Nerang typically range between $390 and $440 per week for a residence similar to the above mentioned property. 
If you are seeking a relatively cheap property investment in the fringe ‘central’ areas like Mudgeeraba, Nerang and Highland Park and are looking for rapid short term capital growth you’ve probably missed the boat! With the market now starting to stabilise, investors are better off taking a long-term perspective. 
Traditionally, rental demand for houses in these areas has rarely been volatile. We suggest that if you are looking to buy here and looking to rent the property for ten plus years then these suburbs are a safe bet. 
Mudgeeraba is our pick if you are an owner-occupier or investor looking for a detached house under $500,000 west of the M1 Pacific Highway. This suburb offers a good array of schools and shops and Robina Town Centre is a short five to 10 minute drive from the township. 
While price levels appeared to have already strengthened in this suburb over the past 12 months, there are still opportunities in this price bracket which would also make good long term investment. You will have to keep a close eye out though if you want grab a bargain buy as agents have reported a shortage in stock levels over the past six months. 
To the north-west, two affordable residential fringe suburbs are considered to be Maudsland and Tamborine Mountain. Both suburbs are popular with owner-occupiers and investors and have differing demographics. Prices have strengthened post GFC and are presently stable in the $300,000 to $550,000 price point with a good range of predominantly modern (post 2000 built) duplexes and houses available. 
There is a limited supply of duplexes in Maudsland with price points being around $330,000 to 375,000 with rental returns being ($340 to $375 per week) depending on size and condition. 
Dwellings in Maudsland are selling in the $400,000 to $550,000 price points with those at the higher end generally being updated and comprising 4- or 5-bedrooms, 2-bathrooms, double garages and swimming pools. Rentals in for these properties generally range between $410 and $600 per week. Local agents report strong demand for sale and rental properties. This area is underpinned by increasing amenity, proximity to transport and the M1 Paci c Highway. 
Dwellings in Tamborine Mountain are selling in the $320,000 to $550,000 price range. Properties in the lower price points tend be located toward the northern side (off the mountain), generally comprising 2- to 3-bedrooms, one bathroom and off street car parking. Site contours can vary greatly. Rentals for these (lower price point) properties generally range between $350 and $420 per week. 
Properties between $425,000 and $550,000 are generally more centrally positioned on Tamborine Mountain enjoying 3- to 5-bedrooms, 2-bathrooms, double garage and more favourable topography or views. Higher price point properties tend to rent between $450 and $650 per week. 
Maudsland would have to be the pick to be the better performer over the long term. Local agents report a lack of listings in the competitive sub-$600,000 market segments and a large number of potential purchasers. It is expected that infrastructure and amenities within this area will continue to improve hence driving demand. Tamborine Mountain will continue to be more of a lifestyle location where properties tend to be purchased for the longer term. 
Further north of the Coomera River are Pimpama and Ormeau. Both suburbs have experienced varying growth over the past couple of years with project-style detached dwellings and duplex units being the predominant type of housing in these areas. 
The new developing residential estates are predominantly driven by investors with majority of new properties being purchased by local, interstate and overseas buyers. The established modern (post-2000) residential estates in both suburbs are popular with owner-occupiers and investors and have different demographics. Prices have improved over the past one to two years and are stable in the $400,000 to $550,000 price range for detached dwellings and $325,000 to $400,000 for duplex units. 
Local real estate agents who actively market land and housing in both suburbs advise of generally good market conditions currently prevailing for vacant lots and housing priced below $550,000. They further report that generally the market for this type of property has improved over the past 12 months, with low stock levels currently available and sale prices showing steady growth over this period. 
Local real estate agents who actively market duplex units in both suburbs advise of generally good market conditions currently prevailing for units priced below $400,000. Importantly, the rming in the established housing market has had the effect of increasing the demand for duplex units, particularly for rst home buyers who are being increasingly priced out of the detached housing markets. There are predominantly more duplex units available in Pimpama and limited supply in Ormeau. 
Both suburbs are considered good value for money and have been steady over the past few years. 
Rentals for detached housing in both suburbs generally range between $410 to $550 per week depending on size and condition. Local agents report strong demand for rental properties in both areas. Properties that have been recently completed, refurbished or have swimming pools generally achieve the upper end of market rent. Accommodation is typically 3- or 4-bedrooms, 2-bathrooms and double garages. In these areas duplex units weekly rent generally range between $320 to $400 and accommodation typically comprises 3-bedrooms, 2-bathrooms and a single or double garage. 
Our pick is both Ormeau and Pimpama to be sustained performers in the northern growth corridor, supported by surrounding developments and infrastructure increasing amenities, proximity to transport, shopping centres and the M1 Pacific Highway. Furthermore, investors still view these areas as good value for money compared to the Sydney and Melbourne fringe development areas. 
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Gold Coast fringe suburbs are value for money: HTW

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An entire top floor of offices and a ground floor cafe in a commercial building in CBD Robina, the Gold Coast, have been put on the market by developer the Robina Group.
The top floor space totals 1,510 sqm, including 1,203 sqm leased to the state government until December 2017,  and 245 sqm recently leased to an education provider on a three-year lease, with further options.
The 63 sqm street level cafe, including a seating area, is operated by Liquid Espresso on a five-year lease, with a five-year option in place.
The Eastside commercial building has signage rights, car park and basement storage space.
Knight Frank's Tania Moore and Mark Witheriff are marketing the property through an offers to purchase campaign, closing on May 19. 
The combined net income from the property is $689,468 per annum.
"The top floor space has been held by The Robina Group as a premium income generating offering, however with the current increased confidence in the commercial market the developer has decided the timing is right to release this final opportunity," said Moore. 
"Eastside’s 32 suites are fully occupied and the building has always performed well due to its proximity to Robina Town Centre and access to the M1 Motorway and public transport."
Eastside is located opposite The Rocket, which sold in 2015 for $70 million - the highest commercial sale price in Gold Coast City since 2007.
CBDRobina boasts an office vacancy rate of 5.6%, substantially lower than Gold Coast City as a whole and all Australian Capital City CBD markets, said the media release.
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Leased office suites and cafe in Gold Coast's Robina up for sale 

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The Wanda Ridong Group and Brookfield Multiplex are formalising their agreement to build the $1 billion Jewel development at Surfers Paradise in the Gold Coast.
A delegation from Wanda's head office in Beijing has travelled to the Gold Coast to meet officials from Brookfield Multiplex, and to sign a formal agreement.
The signing will take place at the Palazzo Versace, in the presence of Acting Queensland Premier Jackie Trad (also the Minister for Infrastructure &amp; Planning), and Minister for Tourism &amp; Major Events, Kate Jones.
Expected to be completed in 2018, Jewel will be Australia’s largest beachfront hotel and residential complex, the Gold Coast’s first absolute beachfront location in 30 years. 
Jewel's three crystalline towers will stand across 130 metres of direct beach frontage, and host 512 residential apartments, a 169-suite, five-star hotel, three levels of basement as well as retail and culinary precincts.
"Jewel will be the finest residential and hotel development ever seen in Australia, with levels of luxury never previously experienced here," said Chen Guocai, the vice president of Wanda Commercial Properties.
"Wanda is very excited to be working with Brookfield Multiplex to bring this vision to life."
Other guests at the event will include Dr Zhao Yongchen, Consul-General of the People's Republic of China, and Councillor Donna Gates, Deputy Mayor of the City of Gold Coast.
For more information, <a href="https://jewelgc.com/" target="_blank">click here</a>.
 
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Wanda Ridong and Brookfield Multiplex sign agreement for $1 billion Jewel project in Gold Coast

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Hope Island Tavern in north Gold Coast region has fetched $10.2 million, with the new owners from Brisbane buying it via a company called Tavgrow.
The 9,982 sqm site, situated on the major access route of Broadwater Avenue, was marketed via an expressions of interest campaign by Darrell Irwin, Stewart Gilchrist and Neil Scanlan of Colliers International.
The freehold investment property attracted more than 100 enquiries and offers because of its secure long-term lease until 2029 with eight five-year options, said Irwin.
In addition to its secure covenant, there is also potential for further development in the future as a significant balance of the site is still available, with the tavern gross floor area being a total of 1,565 sqm, he added.
Hope Island Tavern underwent an upgrade in the past year which includes a public/sports bar, including TAB, a bistro and bar, a gaming room with 40 machines and a walk-in bottle shop.
It was previously owned by Anthony Moreton Group and Pryde Group, who bought it for $6 million in May 2014, after which a 15-year term lease was secured to Coles’ subsidiary, Liquorland.
“The tavern is also part of the Hope Island town centre envisaged by previous owners,” said Irwin.
“A Development Application has been lodged for the town centre’s retail component on the land immediately west of the subject site. It is understood both Woolworths and Aldi have pre-committed to the project that is proposed to include 18,707 sqm of gross floor area and 9,686 sqm of retail.”
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Hope Island Tavern in Gold Coast sells for $10.2 million to Brisbane investor 

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Kaybank Plaza, a five-level office building in Southport on the Gold Coast, has been snapped up for $5.8 million by a local investor just days after auction.
The building at 33 Scarborough Street sits on 1,591 sqm of land and also has a two-level basement with parking for 80 cars.  
The selling agent was James Crawford of Colliers International and Ed Howard.
Crawford said the building was sold almost vacant on an initial yield of 0.5 per cent and at a building rate of $2,105/sqm based on an NLA of 2,755 sqm.
The property has potential for multiple uses under the Southport Priority Development Area zoning such as medical and education, said Howard. It is also close to Southport light rail station.
“The new buyer is a local investor who is reviewing various opportunities for the building but will likely reposition the building with a major refurbishment,” he said.
“The office leasing market has continued to improve with vacancy rates at their lowest level in eight years. The options for companies seeking 500 sqm tenancies or larger are pretty slim.”
The building was originally developed by former Gold Coast businessman and developer Katranski who built Kay Plaza and the adjoining Kay House in the late 1980’s.
The transaction follows a string of recent Southport CBD office building sales including Bankwest Business Centre sold by James Crawford late last year for $8.3 million and the recent sales of Bartercard House at 121 Scarborough Street, Southport for $11.6 million and the Connaught Centre at 26 Marine Parade Southport for $9.7 million.
“With a strengthening leasing market and no new supply of office in the local market, buyer demand is expected to remain strong,” said Crawford.
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Southport CBD building snapped up for $5.8 million 

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A Surfers Paradise site leased to global restaurant chain Hooters is up for sale via auction on May 5.
The property at Lot 11 2893-2903 Gold Coast Highway has a lettable area of about 424 sqm and includes alfresco plus two storage areas and a back loading bay.
It is being marketed by Steven King of Ray White Commercial Gold Coast.
King said the offering is underpinned by a secure lease to Hooters.
“Nasdaq-listed Hooters is a public company and the owner operator of 61 restaurant brands in the United States and abroad and owner franchiser of the Hooters brand,” he said.
Hooters has a 10-year lease with the tenancy commencing in December 2013, with two further options of five years each.
The property generates net rental income of about $156,825 per annum with four percent annual increases on gross income.
 
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Hooters Surfers site for sale at May auction

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Professional tennis player Sam Stosur recently sold her Gold Coast investment property for $500,000.
The Heeb St, Benowa property sold at an $8,500 loss having been purchased in 2007 with her older brother Daniel for $508,500.
<a href="https://www.realestate.com.au/property-townhouse-qld-benowa-121597370" target="_blank">They sold the three bedroom villa</a> through The Professionals to an Ipswich couple downsizing closer to the beach.
It had been a $425 to $475 per week rental.
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