<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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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<img src="/images/2016/03/2/Screen%20Shot%202016-03-02%20at%2011.17.57%20AM.png" alt="" width="835" height="235"> 
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:
<img src="/images/2016/03/2/Screen%20Shot%202016-03-02%20at%2010.14.22%20AM.png" alt="" width="650" height="484">
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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