<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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Investors in the coastal north area on Queensland's Gold Coast are moderately to highly active, with the typical investor appearing to be mainly international using local builders and smaller project developers, according to valuation firm Herron Todd White's month in review.
The November report suggested investor activity in the central high density beachside locations has traditionally been driven by both local and non local investors.
The report added that in central Surfers Paradise, investor activity is steady to strong with the sub $500,000 price point seeing the most activity.
However, high body corporate fees and property outgoings are deterring investors said the report.
"For example Unit 26, The President, at 29 Northcliffe Terrace, Surfers Paradise sold in May 2015 for $358,000. 
"This is a circa 1973, 2-bedroom, 1-bathroom unit of 86 square metres. It is an absolute beachfront development comprising 30 units on a parent site of 1,533 square metres." 
The report noted that the agent had said that due to the high underlying land value, rates were circa $5,000 per annum plus the body corporate fees of approximately $150 per week made the unit unviable for many potential investors.
The HTW November review then went on to add that new residential stock which fits criteria for Foreign Investment Review consideration and approval seems to be appealing overall to asian investors on Hope Island, as this location is pre-approved for Foreign Investment Review.
"Lately we are seeing an increased amount of non local and particularly Asian investors, who are prevalent on new product."
It went on to suggest the general housing stock in and around the Southport CBD and spreading into Labrador and Ashmore are also appealing to these investors.
"Investors are looking for larger dwellings on larger parcels with Residential Choice classification that can be split for higher density development such as duplex and triplex development.
"The most intense demand however appears to be for residential estates close to the Southport CBD or highly regarded established precincts such as The Southport School (‘TSS’) location and areas with Broadwater proximity.
"Investor activity away from the beach side locations is stronger than previously, with villas and townhouses in larger cluster unit developments in the more outlying suburbs having seen some increase in price levels from low to mid $200,000s up to high $200,000s," the report adds.
"Local owner occupier buyers are competing with local and interstate investors in these outlying suburbs for freestanding houses.
"Pacific Pines which was developed through the 1990s and 2000 has seen healthy increases in price levels over the past 18 months with entry level now circa $380,000.
"This locality is well serviced for schools, shopping and transport, appealing to both investors and owner occupiers alike."
The report goes on to note that general sales for duplex and triplex parcels reflect values of $190,000 to $240,000 per dwelling site in the Southport CBD area.
"In more prestigious areas such as Paradise Point this range is running at $275,000 to $325,000 per dwelling site.
"Interstate buyers are purchasing new units, however, typically at levels above local market price points.
"Student accommodation has slowed with a recent and apparent slight drop in values. We have not seen any activity on flats, however these are perhaps more tightly held.
"Despite recent rate rises signalled by Westpac which may affect the larger city markets, values on the Gold Coast are still comparatively low and appealing to interstate and foreign buyers. There is still room to improve as Gold Coast was hit very hard after the GFC."
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jrobinson-rf4aSBido9

High body corporate fees slow Gold Coast apartment investment

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The Gold Coast had the highest quarterly house price increase of all major regions with a 3.8% increase compared to the previous quarter, recording a new median house price record of $545,000, according to the REIQ.
Ipswich is the standout Queensland performer in the Greater Brisbane area with the highest quarterly increase in the median house price increasing 1.6% to $320,00.
The latest data from the September quarter released by the REIQ found ouse sales over the quarter were up 12% in Ipswich. Annual house listings increased 3.6%.
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The median house price in the Brisbane LGA was recorded at a new high of $615,000, and Cairns recorded a 2.6% increase. 
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mick.cee-iDmgDDAmu8

Gold Coast's highest quarterly house price increase of major QLD regions

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A redevelopment in the heart of the Gold Coast's Southport has sold for $7,665,000  to an Australian/Chinese consortium.
The site, 104-114 Scarborough Street, Southport,has DA pending for a high rise building and was sold through by Wayne Devenport and Brett Delmege of Ray White Commercial Southport on behalf of Sydney-based general practitioner Dr Nirmal Taluja.
 
A substantial redevelopment site which has a DA pending for a mixed use high rise building in the heart of the Southport CBD on the Gold Coast has been sold by Ray White Commercial for $7,665,000.
 
The property at 104-114 Scarborough Street, Southport, was sold to an Australian/Chinese consortium by Wayne Devenport and Brett Delmege of Ray White Commercial Southport on behalf of Sydney-based general practitioner Dr Nirmal Taluja.
 
Wayne Devenport said there was strong interest in the approximately 2,430 sqm site from local, interstate and overseas interests.
 
The vendors of this site had submitted plans for a substantial mixed use development over 48 storeys.
 
The development was proposed to include a total of 254 one, two and three bedroom apartments over 33 levels as well as student accommodation and 108 serviced apartments.
 
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Southport redevelopment site sold for $7,665,000

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Investors are playing a key role in the property market on the southern Gold Coast and in the Tweed Shire, according to valuation firm Herron Todd White.
"We noted investors are very active in the sub million dollar market, in particular in beachside locations", the month in report highlighted.
"Investors in the market place are a mixture of both local and interstate, in particular from Sydney and Melbourne.
"Typical investors are interested in properties with a steady or good rental return with low overheads."
The report added that the price points for localities such as Burleigh Heads, Burleigh Waters, Miami and Palm Beach is around $500,000 to $550,000 for established housing.
"Duplexes and units in these localities are around $365,000 and $400,000.
"We believe that investor activity at its current level is not sustainable over the medium term in the property market."
The report concluded by suggesting that if investor demand did start to drop, it would have negative implications for the market on the southern Gold Coast and in the Tweed Shire as investors are prevalent.
"The demand for property would slow and prices would likely fall due to more stock being available to purchase.
"The types of properties investors have purchased recently include Melbourne investors purchasing a rural lifestyle property, local investor from Bonogin purchasing a townhouse unit and Melbourne investor purchasing a unit." 
 
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j.ballantyne1990-6AQqhLzZaK

Sydney and Melbourne investors playing key role in southern Gold Coast: HTW

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Montego Hills has brought forward its third land release of 15 lots owing to demand for Gold Coast acreage blocks.
Since the community’s launch four months ago, it has sold 30 acreage lots, mainly to homebuyers in southeast Queensland.
The third land release is on Saturday, with all 15 lots averaging 1 and a quarter acres (5,109 square metres) in size.
Montego Hills is at 97 Upper Ormeau Road, Kingsholme.
Villawood Properties co-executive director Tony Johnson said Montego Hills land releases were being brought forward by several months to keep up with buyer demand. 
It auction comes as the development’s first construction program gets underway, including earthworks, utility installation, stormwater drainage and civil works.
The lots are priced from $399,900 to $499,900. 
“Our buyers are attracted to the rural lifestyle on offer, with many looking at having a horse, a large veggie patch, a big shed or a swimming pool in their backyards," said Johnson.
 For more information, <a href="https://montegohills.villawoodproperties.com.au" target="_blank">click here</a>.
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Montego Hills fast-tracks third acreage release in Gold Coast

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Louis Christopher, the managing director of SQM Research, reckons the Gold Coast has entered "a robust housing recovery." 
"There is no question right now that landlords are in charge of the Gold Coast market as vacancies have plummeted and rents have accelerated," Louis Christopher told Fairfax Media. 
His data shows low vacancy rates of under 2%.
There have been rent rises of up to 8% a year.
Mr Christopher said the Gold Coast had not yet seen its traditional building surge.
He also noted the market crash of 2009-13 had only modestly recovered until now, with prices still below fair value. 
"Back in 2010 the Gold Coast housing market suffered a perfect storm of events that created a major dwelling price crash.
"A lot of those events have now dissipated and right now, there are many favourable economic factors which are helping to improve the region. So we believe Gold Coast property investors are likely to enjoy good returns, both in rents and capital growth for up to the next three years."
SQM expects a rise of 7% to 11% in dwelling prices for 2016.
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Gold Coast property still below fair value: SQM

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Graham Annesley, the chief executive of rugby league club, the Titans, has put his Gold Coast waterfront home on the market.
Graham Annesley joined the Gold Coast NRL club in September 2013 then buying his Bundall waterfront home in early 2014 for $980,000.
He is buying elsewhere on the Gold Coast.
The listing has a price guide of $1.075 million to $1.15 million.
The three-bedroom, three-bathroom property is being marketed by Lisa Halpin of McGrath Surfers Paradise.
The median price for a home in <a href="/news">Bundall</a> is $829,000, according to CoreLogic RP Data.
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Titans' Graham Annesley lists Bundall, Gold Coast home

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Suzi Taylor, who gives her occupation as LJ Hooker estate agent, will be one of the competitors on the season of The Block set to air this weekend on Channel 9.
She's there along with other contestants including an electrician and an interior designer, on the 11th season of the Nine Network series.
This series's apartment block is octagonal with each level transformed into a 225-square metre apartment with 360-degree views.
Each South Yarra apartment will contain three-bedrooms, four-bathrooms and an expansive outdoor terrace close to busy Punt Road where eventual widening fears loomed large this month.
The contestants: (ages, states and team moniker):
Suzi, 44, and Vonni, 39, from the Gold Coast. The Single Mums.
Dean, 30, and Shay, 29, from Newcastle. The Go-Getters.
Whitney, 29, and Andrew, 29, from Melbourne. The Sweethearts.
Kingi, 31, and Caro, 31, from Townsville. The Larrikins
Luke, 29, and Ebony, 24, from Perth. The 2nd Chance Siblings.
<img src="/images/2015/08/24/700_suzi_banner.jpg" alt="">
Suellen Taylor, known as Suzi on the show, has her LinkedIn profile showing she's been at LJ Hooker Main Beach, a residential sales executive since joining in December last year. 
Though with time out for the shooting of the show earlier this year, her website listings on the Gold Coast property market have been sparse.
Before entering the real estate game, she was involved in the entertainment industry as a musician and professional actor. She was the 1991 Penthouse Pet of the Year.
<img class="ecxscaledImageFitWidth img" src="https://scontent-iad3-1.xx.fbcdn.net/hphotos-xfp1/v/t1.0-9/s480x480/11046736_1405624649744065_8034415435803775294_n.jpg?oh=e19f4480abbde3e821a91c3d63d0bd0c&amp;oe=565168EE" alt="Suzi Taylor LJ Hooker's photo." width="470" height="357">  
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Her facebook account has photos with her and Gold Coast real estate veteran Max Christmas (above).  
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Her property listings include a unit on Main Beach Parade that was ultimately sold for $1,350,000 by Joanna Bell-Booth through Ray White Mermaid Beach in February 2015.
Her highest priced listing appears to be the iconic 432 Esplanade, Palm Beach mansion, having sold for $2.5 million in March this year.
Suzi confirmed to Property Observer that she has taken a hiatus from real estate, given her 90 day stint on The Block.
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<div class="ecx_6lz ecx_6mb ecxellipsis">Main picture courtesy of <a href="https://www.9jumpin.com.au/show/theblock/blockheads/bios/suzi-and-vonni/" target="_blank">9jumpin</a>.</div>
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Meet Suzi Taylor, Gold Coast estate agent on The Block Octagonal 2015

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Gold Coast property developers Wanda Ridong have opened a display site for potential investors in the beachfront Jewel residential and hotel development.
The site, named the Jewel Immersive Experience Centre, features fittings and interactive models of the proposed development for potential investors to get a feel of the apartments and style of the building.
Andrew Bampton, Jewel director of sales and marketing said the centre allows visitors to see, touch and absorb the Jewel construction and environment from the inside out.
“An interactive model of Jewel’s three stunning crystalline towers allows visitors to use the experience centre to explore each and every apartment in the development," Mr Bampton said.  
"You can examine the floor plans, call up artists impressions of the interiors, and even take in the view in each direction from each level. 
“While there are elements of a traditional sales centre, such as the fully equipped kitchens or bedrooms, this immersive experience is much more than simply a display showroom."
The Jewel development is built on 130 metres of Gold Coast beachfront and is expected to be completed in 2018 and will hopefully become Australia’s largest hotel and residential complex.
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Jewel's Gold Coast interactive display site opens

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Brygon Reserve Shopping Village, a shopping centre in Upper Coomera’s high growth corridor on the northern Gold Coast, is being offered for sale by Ray White Commercial Gold Coast.
The 2,156 sqm site at lot 3/1 Brygon Creek Road, consists of eight tenancies, anchored by an IGA Express supermarket.
Steven King of Ray White Commercial Gold Coast says the centre’s potential base rental income represents $369,240 per annum.
Offers close on August 6.
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