Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

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;

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

Gold Coast

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Queensland's Gold Coast has a preliminary auction clearance rate of 32.4 percent from a total of 48 auctions, for the week ending 6 March, according to CoreLogic RP Data.
The Hunter region in New South Wales had a preliminary clearance rate of 56.5 percent, Wollongong 68.8 percent and Victoria's Geelong 57.9 percent.
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Gold Coast has preliminary auction clearance rate of 32.4 percent: CoreLogic RP Data

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House price growth for the Gold Coast was strongest in Coombabah, Burleigh Heads and Mermaid Waters for the year to November, according to JLL.
JLL's Queensland Residential Market Report for February said other highly priced suburbs have shown less growth, with Palm Beach up 3.7 percent, Tugun up 0.7 percent, while Surfers, Bundall, Broadbeach and Tallai had minimal growth of 2.1 percent to 2.8 percent.
"Outside of the metropolitan area, median house price growth in the year to November (CoreLogic) was most evident in the Gold Coast, averaging $626,000, up 6.9 percent, and the Sunshine Coast, averaging $558,000, up 5.1 percent. Toowoomba median house prices were $420,000, up 4.2 percent," it said.
"Conditions in Cairns are improving and the median house price of $424,000 was up 4.9 percent in the year to November.
"Most areas have registered single digit growth in the past year but Mackay is down 11.5 percent to $361,000, Gladstone is down 5.7 percent to $396,000, and Rockhampton is down 2.0 percent to $319,000."
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Gold Coast house price growth strongest in Coombabah, Burleigh Heads: JLL 

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A potential development site at a beachfront location at Main Beach on the Gold Coast has been sold at a Ray White auction for $6.5 million.
The nearly 617 sqm block at 3513 Main Beach Parade is currently occupied by a block of flats.
It was sold under the hammer to a local investor by Michael Willems of Ray White Commercial Gold Coast on behalf of an interstate owner.
“We had an extraordinary response to the marketing campaign with 76 enquiries from a wide range of potential purchasers including local and overseas based investors as well as developers,” Willems said.
 The property comprises 2 x 3 bedroom apartments and 2 x 2 bedroom apartments.
 “There is an option for the purchaser to continue to rent out the property or develop subject to obtaining approval (STCA),” he said. “This is absolute beachfront land at Main Beach so it was highly sought after.”
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Main Beach site sold at Ray White auction for $6.5 million

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Renowned for being the holiday destination, Surfers Paradise in Queensland, postcode 4217, was sitting high on the list of most searched suburbs for rentals in 2015, compiled by rent.com.au. 
The median rent for all rental properties advertised in Surfers Paradise within the last 30 days was $375 per week, down 1.32% or $5 than the last quarter and more affordable than the $410 median rent in surrounding suburbs.
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The range was wide, with $220 for a one-bedroom dwelling as the least and $1,100 for a four-bedroom place.
The average days on market for all rental properties advertised in Surfers Paradise within the last 90 days was 23 days, compared with 25 days for the surrounding suburbs of Southport, Bundall, Main Beach, Broadbeach, Broadbeach Waters and Gold Coast.
The days on the market also fell from the preceding quarter by nine days.
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There were 143 rental properties advertised in Surfers Paradise within the last 30 days, of which 137 were apartments (around 96 percent), while only six houses were up for rent. 
This contrasts with the 73 percent apartments and about 27 percent houses advertised in the last 30 days in surrounding suburbs.
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There are a total of 4,624 rental properties in Surfers Paradise, making up 54% of all properties in the area, according to ABS census data 2011. 
Three-fourths of all properties in the suburb are apartments, with the rest houses, the data shows.
Property Observer went looking for dwellings in the suburb around the median price advertised recently on rent.com.au and found these:
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1. A fully-furnished one-bedroom apartment at <a href="https://www.rent.com.au/property-apartment-surfers+paradise-4217-516026" target="_blank">3400 Gold Coast Highway</a> (above) is available for $400 a week.
<img src="/images/2016/03/2/Screen%20Shot%202016-03-02%20at%2010.15.49%20AM.png" alt="" width="583" height="385">
2. A two-bedroom unfurnished apartment at <a href="https://www.rent.com.au/property-unit-surfers+paradise-4217-59967" target="_blank">201-3 Oak Avenue</a> (above) is up for rent at $350 per week.
The ASX-listed Rent.com.au Ltd achieved a record 615,405 unique visitors to its website in January, followed by more than 610,000 unique visitors in February.
Landlords are able to list their property for free in a limited time offer on <a href="https://www.rent.com.au/" target="_blank">rent.com.au</a>.
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Apartments dominate recent rental properties in Surfers Paradise: rent.com.au's top searched list

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The preliminary clearance rate for the Gold Coast is at 50 percent for the week ending February 21, according to CoreLogic RP Data.
Queensland's Sunshine Coast came in at 63.2 percent, Victoria's Geelong at 66.7 percent and Wollongong at 72.2 percent.
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Gold Coast clearance rate at 50 percent: CoreLogic RP Data

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Queensland's Gold Coast recorded a preliminary clearance rate of 39.4 percent from a total of 59 auctions for the week ending 7 February, according to CoreLogic RP Data.
The Victorian region of Geelong posted a preliminary clearance rate of 76.9 percent from a total of 21 auctions and the Hunter region in New South Wales a preliminary clearance rate of 62.5 percent from a total of 52 auctions.
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Gold Coast posts clearance rate of 39.4 percent: CoreLogic RP Data

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Wanda Ridong Gold Coast Development General Manager Weimin Xu and Ridong Group Chairman Riyu Li have officially announced that they have awarded the construction contract to bring the three-tower Jewel development at Surfers Paradise to life.
Brookfiled Multiplex will construct the Jewel project.
The contract is worth more than half a billion dollars.
Apartment sales began last September in the beachfront Jewel development.   Sales spanned $675,000 for a one bedroom plus, through to $5 million for a high-floor, three-bedroom luxury apartment.   Jewel is the Gold Coast’s first absolute beachfront development in 30 years.
Since its inception in 1988, the Wanda Group has grown to become the world’s largest owner of commercial property and five-star hotels, the world's largest cinema operator and also the world's biggest sports company.
It has recently acquired the 1 Alfred Street and Fairfax House buildings in Sydney. 
Brookfield Multiplex has been delivering landmark property and infrastructure assets for more than 50 years and is a leading international contractor with a focus on sustainable growth and a presence in Australia, the Middle East and Asia, Europe and Canada. Established in 1962, Brookfield Multiplex’s work to date comprises more than 930 projects with a combined value of US$61 billion. 
Brookfield Multiplex Regional Managing Director for Queensland Rod McDonald said the company was thrilled to be adding to its long history on the Gold Coast by delivering a project such as Jewel, which would become synonymous with luxury the world over.
“Jewel will transform the skyline and beach front of the Gold Coast and deliver a welcome boost for the local economy, creating 2,700 jobs during construction and attracting international and domestic tourism and investment,” Mr McDonald said.
The company is set to begin construction within weeks, after the completion of site works earlier this month.
“Brookfield Multiplex has a strong track record in the Gold Coast, having delivered many of the city’s iconic buildings including the multi-award winning Hilton at Surfers Paradise, The Wave and the Gold Coast Convention Centre.
“We are delighted to be able to continue this momentum and are honoured to be working with the Wanda Ridong Group on this game-changing development.
Jewel’s three shimmering towers will stand on an enviable 1.14 hectare site on the famous Surfers Paradise beachfront, giving residents and guests uninterrupted views over the Pacific Ocean.
Some 28 apartments in the Jewel development sold in the first week of release, totalling $55 million.
For more information <a href="https://www.jewelgc.com.au" target="_blank">click here</a>. 
 
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Brookfield Multiplex awarded Wanda's Gold Coast Jewel construction contract

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Finance commentator, and Channel 7's Sunrise breakfast host, David Koch has released his predictions for the 2016 housing market suggesting continued Gold Coast price growth.
He and his wife Libby ranked their 2015 forecasts giving themselves up to a "B" for their overall economic predictions which included a Gold Coast property market rebound.
David or 'Kochie' had been highly critical of the Gold Coast in recent years, advising property investors to <a href="/expert-insights/investing/kochie-to-property-investors-avoid-catastrophic-gold-and-sunshine-coasts">avoid the "catastrophic" Queensland coast in early 2012</a>.
<a href="/news/qld/gold-coast-basket-case-a-good-bet-for-property-bargains-david-koch">He was back in mid-2013</a> with further criticism of Gold Coast investment.
A slower population growth and a tightening of lending criteria for investors will offset low interest rates in 2016 across the country.
But they see further growth in the Gold Coast.
They claim there will be a definite slowdown in Sydney and maybe a slight fall under 10 percent but there will be no crash.
Perth and Brisbane are expected to improve with Melbourne to slow but stay positive.
Adelaide, Hobart and Canberra are predicted to be flat, according to their recent News Ltd column.
"Much will depend on whether investment property sales dry up as a result of lower price growth and falling rental yields.
"If investors withdraw it will take demand pressure out of the market and prices will soften," the couple advised.
Their 2012 strong call still sees them attract local opprobrium. 
The Ray White Surfers Paradise boss Andrew Bell couldn't resist a slight shake of the head when he referred to the 2012 Koch call, and his current call, during his update to the auction crowd yesterday.
“Stacked up against Sydney and Melbourne, the Gold Coast is very affordable and because we’re still coming off a fairly low base there is more room for capital growth," Bell said.
He noted property investors were responding to this with about 50 per cent of our registered bidders were from interstate.
Bell referred to SQM Research managing director Louis Christopher who has forecast growth of up to 11 per cent in Gold Coast prices.
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David Koch forecasts continued Gold Coast market rebound

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More than $33 million in Gold Coast property changed hands when 45 of 105 properties on the order of sale at Ray White Surfers Paradise Group’s The Event sold under the hammer yesterday.
An additional 18 sold prior taking the clearance rate to 60 per cent for the 22nd annual gala auction. 
The RWSP Group chief Andrew Bell credited much of the sales success "to the value disparity that continues to exist between the Gold Coast and southern capital markets."
While the clearance rate was lower than last year, the day’s initial results were an increase in both value and volume of sales on 2015 when 58 of 99 properties sold under the hammer or prior to auction for a $20 million total. 
Southern investors led the charge at Australia’s largest annual property auction with Andrew Bell predicting an 80 per cent clearance rate by mid-week.
The auction kicked off at 11am Sunday with the final hammer coming after 5pm, with sales reflecting a $700,000 average price.
The agency put the attendee numbers at over 2000, including the Ray White chief Brian White.
There were more than 300 registered bidders, reflecting an average of about three bidders per property with the most popular attracting up to eight bidders.  
The most popular offerings were sub-$500,000.
And the day’s highest priced residential sale was $1.2 million for an 875 sqm site zoned for redevelopment at <a href="https://www.raywhite.com/qld/biggera-waters/1407709/" target="_blank">544 Marine Parade, Biggera Waters</a>.
The passion was there among the 260 plus registered buyers for a bargain, highlighted by outrageously low, quick opening bids, but as the bidding got to the reserve price the depth of buyer interest was tested on most of the offerings. Even when sales were at below last sale price. 
A three-level hilltop home at <a href="https://www.realestate.com.au/property-house-qld-currumbin-121578818" target="_blank">38 Albany Avenue, Currumbin</a> fetched $1.1 million, the top priced house of the day which was listed through RW Surfers Paradise agent Jackson Paradise. But the Currumbin was $410,000 less than the $1.51 million it fetched in late 2007 when the market was at its peak. The $1.1 million was the same price as paid in 2005 for the 1986 built home.
An elevated home at <a href="https://www.raywhite.com/qld/sanctuary-cove/1045575/?lang=en" target="_blank">4709 The Parkway, Sanctuary Cove</a> sold prior to auction for more than $2 million.
The <a href="https://www.raywhite.com/qld/broadbeach/1005110/?lang=en" target="_blank">Broadbeach in the Park penthouse</a> at Broadbeach attracted the day's highest offer when passed in at $4 million. 
The unfinished hinterland home at <a href="https://www.raywhite.com/qld/tallai/1407870/?lang=en" target="_blank">473 The Panorama, Tallai</a> (pictured above) attracted seven registered bidders with four appearing to make offers.
It was passed in at $2.8 million.
The elevated three hectare property came with panoramic landscape view over the whole of the Gold Coast. The land holding was bought for $1,388,880 million in boomtime 2007. 
It failed to sell at its January 2012 auction.
 
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Investors toe in the water: The Event, 2016 Gold Coast auction wrap

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GUEST OBSERVER
I hate to use the phrase but I love the Gold Coast lifestyle.
Not in any particular order but from the lack of traffic chaos, the awesome climate and the wonderful coastline, stunning hinterland and great places to eat.
The geography, location and natural landscape are right.
Nobby Beach is a family favourite, I love Burleigh and Currumbin beaches.
Inland you can’t beat time at Tamborine Mountain or Springbrook.
Then there is Paradise Point, Main Beach and The Spit, not forgetting the whole of the Broadwater/Jumpinpin and the place my family chooses to call home, Sanctuary Cove.
There’s great places to eat all over the coast now, some of the people aren’t bad either. 
For an area that started its growth in the 1960s/70s/80s so much of the architecture, let’s be honest, is pretty awful.
Luckily the past 15 years or so has seen real improvements in architectural styles whether it is an apartment building, single homes or the emerging townhouse/terrace type housing.
The Gold Coast grew from virtually nothing to over half-a-million in only four or five decades. This was fuelled by tourism, holiday homes and overseas home buyers and retirees.
Suddenly we have this substantial population — sixth in the country and no core industries or major sources of employment other than tourism which is great when the dollar is weaker as it is now, but that can create an almost never ending cycle of good and bad times.
Yes, boat building is back, but that again is an industry with highs and lows, so is construction. We need back-up plans for the inevitable quiet times of the future.
A hard task and I cannot offer any real solutions, but here is something political — sorry to the ‘no’ campaigners regarding the cruse ship terminal, but the latest offshore proposal to me is fantastic and an absolute must.
There is no doubt and it is very easy to define a market in recovery mode.
You review homes that sold at peak prices in previous years — that price then became unachievable for many years.
Only when the value of that same home has reached that former peak and moved slightly ahead can you be sure you are in recovery mode.
Right now across the Coast there are many homeowners that will happily confirm this.
So will we see growth? I believe so.
There’s good times ahead.
Andrew Winter writes columns for the News Ltd papers on real estate, with the <a href="https://www.goldcoastbulletin.com.au/news/gold-coast/property-guru-andrew-winter-says-good-things-are-in-store-for-the-coast/news-story/87f5d24957cf797287434d1400f45330" target="_blank" style="line-height: 1.3em;">comments taken from questions posed by the Gold Coast Bulletin on January 2</a>.
Andrew Winter is presenter, <a href="https://www.lifestyle.com.au/tv/selling-houses-australia/" target="_blank">Selling Houses Australia</a> presenter.
Andrew Winter says he's obsessed with houses. With 25 years experience in the property trade, he believes that if you haven’t sold your house within two months then you’re doing something wrong.
Starting his career in a real estate agency at the tender age of 17, Andrew sold his first home within a matter of months. He then went on to spend some years with a firm of Chartered Surveyors fine tuning his house selling skills, but combining it with inside knowledge of construction, structural issues, building faults and problems.
To further expand his career he made the move to Central London where he sold apartments and townhouses in the famous Baker Street and Regents Park areas. Whilst selling properties in the redeveloped Canary Wharf area in London and Kent, his career gained an added angle – he was chosen to present and research a new TV program about his favourite subject “Selling Houses”. Over the last eleven years the program has gone from strength to strength both in the United Kingdom, Australia and other countries worldwide.
Andrew and his family moved to Australia in 2005. 
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