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 

<section data-scroll-anchor="false" data-testid="conversation-turn-6" data-turn="assistant" data-turn-id="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" data-turn-id-container="request-WEB:84a2af5e-d7cf-4ddf-922a-f4d44d6c6caa-2" dir="auto">
<section data-scroll-anchor="false" data-testid="conversation-turn-2" data-turn="assistant" data-turn-id="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" data-turn-id-container="request-WEB:5a5ab36c-8dd3-454c-b456-c501f22f0eb4-0" dir="auto">
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.
</section>
</section>

[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

<html><body>
A real estate salesman allegedly convinced Brisbane entrepreneur Carmelo Caltabianoa that the Soul, Surfers Paradise luxury penthouse apartment was worth $16.85 million because a similar nearby apartment sold for $20 million.
The buyer believed him but didn't check the salesman's claims, the Brisbane Supreme Court heard this week.
But the $20 million apartment had not sold at that price in the Jade complex.
The discussion is central to the long-awaited legal dispute between entrepreneur Carmelo Caltabiano and development company Juniper Property Holdings over the sale of a Gold Coast penthouse.
Juniper is suing Carmelo Caltabiano for allegedly breaching the sales contract for the four-level apartment.
He said he trusted the company because he had previously purchased property on the Sunshine Coast from Juniper.
Caltabiano was at the Gold Coast having a drink in April 2006 when he saw a display for Soul apartments.
He spoke to the salesman and noticed the penthouse was priced at $16.85 million.
He bought after the salesman phoned him later saying a penthouse apartment in <a href="/news/qld/jade-penthouse-on-the-gold-coast-sold-by-mortgagee-for-a-third-of-dashed-boomtime-hopes">another building had sold for $20 million</a> and another apartment, which was about half the size of his intended purchase, sold for about $7.8 million.
The penthouse atop the Soul Surfers Paradise tower on the Gold Coast sold for $7 million<a href="/news/soul-surfers-paradise-penthouse-auction-results-in-7-million-sale-to-tony-fung"> at McGrath auction in March this year to businessman Tony Fung</a>. 
</body></html>

jchancellor-FAypfDUnLy

Soul penthouse court battle against buyer by Juniper

<html><body>
Records show the NRL star Dally Cherry-Evans and his partner Vessa Rockliff settled on a newly renovated Mermaid Beach on May 29, just before he re-signed a lifetime deal with the Manly Sea Eagles. The property, set three blocks from the beach, sold for $1.45 million. 
The four-bedroom, two storey house is unlikely to see much use from Cherry-Evans and his family now that he is staying at Manly, not heading to the Gold Coast Titans.
Cherry-Evans retains a four-bedroom house in Curl Curl, and a two-bedroom unit in Freshwater, both on the insular peninsula.
It is not yet know if he will keep the newly renovated house on Petrel Avenue as a investment or try to resell it.
</body></html>

Dally Cherry-Evans settles on redundant Queensland Gold Coast property purchase

<html><body>
Manly's Dale Cherry-Evans has bought a house in Mermaid Beach, ending rumours he was set to back out of his $4 million deal with the Gold Coast Titans.
Harcourts Coastal sales agent Chez Fraser declined to comment on the buyer of the two storey Mermaid Beach property but the Gold Coast Bulletin revealed it was the halfback.
The property, set three blocks from the beach, is believed to have sold for $1.5 million.
His move to the Titans next year will mark a return to Queensland for Cherry-Evans, who was born in Redcliffe and spent his teenage years in Mackay.
No sign yet of any listing at Curl Curl or his Freshwater investment unit.
His Curl Curl house was only bought in April last year at $1,355,000.
 
</body></html>

Gold Coast Titans-bound Dale Cherry-Evans buys at Mermaid Beach

<html><body>
The Queensland State Government has vetoed a $7 billion casino resort and cruise ship terminal project planned for Wavebreak Island on the Gold Coast.
Industry data reveals up to 75 ships a year would be docking at a Gold Coast cruise ship terminal had it proceeded.
The concept design for ASF’s rejected cruise ship terminal at Wave Break Island was seen as the most viable option for the Gold Coast from a list of possibilities which included man-made harbours at The Spit and Bilinga.
However, the project did not have the backing of the new Labor Government.
Las Vegas-based casino and resort group Global Gaming Asset Management was set to be be the operator of the Chinese-backed ASF Consortium’s $7.5 billion project on the Gold Coast.
GGAM, founded by Bill Weidner, was set to team up with architect Paul Steelman’s Steelman Partners as the designer for ASF’s planned casino
GGAM has been involved with ­opening and managing more than 20 properties worldwide since 1999.
At a Property Council of Australia event, ASF's Alan Fife had indicated that five international hotels were proposed on Wavebreak Island
ASF Group is a Sino-Australian investment and trading house which focuses principally on the identification, incubation and realisation of opportunities in areas of synergy between China and Australia including resources, commodities trading and property sectors, alongside travel and financial services.
The overall project was not approved by the Newman government, following numerous knockbacks and resistance from community groups.
ASF envisaged to dredge The Spit and use the sand to build up Wavebreak Island.
Hong Kong-listed China Communications Construction Company and one of its subsidiaries, as well as the state-owned China State Construction Engineering Corporation, have provided a financial guarantee for the project.
</body></html>

ASF Wavebreak Island project veteod by Queensland Government

<html><body>
A Hong Kong property group who paid about $65 million for a Surfers Paradise oceanfront reserve site has plans for a 78 storey plus high-rise residential apartment block.
The developer secured the now razed 3,494 square metre Iluka site unconditionally last week, the Gold Coast Bulletin reported.
The planned tower is set to be taller than the 78-storey Q1.
The Iluka site was sold by US group Goldman Sachs, which gained control of it in 2013 when it paid Suncorp for a basket of distressed loans.
The building’s 72 apartments were amalgamated by the Raptis Group nearly 10 years ago.
The 17-level, early 1970s Iluka, home to the Billy’s Beach House nightclub and bar, was demolished in late 2013.
</body></html>

Gold Coast's Q1 to be topped by nearby 78 plus storey residential highrise

<html><body>
The veteran Gold Coast developer Jim Raptis plans a comeback.
He has plans to recapitalise the delisted Raptis Group and start a large project opposite the Harbour Town Shopping Centre at Biggera Waters on the Gold Coast.
The 67 year old who has been through several property cycles, has advised the company directors' plan to recapitalise the company to have a minimum of $1 million in cash.
"Research has provided attractive opportunities to resume the previous property development activities of the company and return value to the shareholders," said Raptis.
Raptis has kept a mostly low profile over the past six years after his group collapsed in 2009.
Raptis Group announced on Wednesday it had received the benefit of a "legal clearing of the decks" and "the opportunity to resume trading without any liabilities from the past resurfacing".
The local News Ltd paper suggested it was "its third phoenix-like rise from the ashes of financial disaster".
</body></html>

Jim Raptis rising from the ashes with Gold Coast recapitalisation plans

<html><body>
Work has begun on the $970 million Jewel development by China's Dalian Wanda Group and Ridong Group.
Queensland Deputy Premier and Minister for Infrastructure Jackie Trad launched construction on the three-tower mixed use development at Broadbeach at a ceremony yesterday.
The three-tower joint venture will comprise 500 apartments, 171 hotel rooms and retailers.
Dalian Wanda group chairman Wang Jianlin is reportedly China's richest man. His estimated $290 million capital injection into Jewel is part of his <a href="/expert-insights/buying/after-cup-of-tea-for-pm-abbott-wang-jianlin-commits-to-jewel-surfers-paradise-development">$1.7 billion investment commitment</a> to the Australian real estate sector. Dalian Wanda Group's involvement in the development began in August 2014.
Ridong bought the 1.13 hectare site on Old Burleigh Road in 2010 for $81.8 million. Four buildings – two houses, a low-rise apartment block and a 14-level building of holiday units – have been cleared to make way for the development.
The development will have 130 metres of absolute beach frontage. Andrew Bampton, director of sales and marketing Wanda Ridong (Gold Coast) said the site was "one of the most lucrative hot spots for capital growth in the coming years".
Figures from CoreLogic RP Data <a href="/news">show a slight recovery in median prices</a> for Broadbeach units over the past year, following a steep price descent over 2013 from a peak of $525,000 to a trough of $412,250 in early 2014. "Jewel will be the most significant development on the Gold Coast since the GFC, and the first true beach-front residential resort in more than 30 years. This investment is a $1billion vote of confidence in the City of the Gold Coast and in Queensland," said Brampton.
State Minister for Tourism Kate Jones and Gold Coast Mayor Tom Tate also attended yesterday's turning the sod ceremony.
</body></html>

jrichardson-uRX5hFdKfN

Construction begins at Gold Coast's Wanda Ridong Jewel

<html><body>
Gold Coast house values are 5.2% higher over the year ending December 2014, while unit values have increased by a lower 4.7%, according to CoreLogic RP Data.
Researcher Cameron Kusher noted by comparison, in December 2013, home values increased by a greater amount, up 7.5% for houses and 6% for units. 
The number of units sold was 5% higher over the 12 months to November 2014, while house sales increased by 7%. 
The year finished with Gold Coast homes selling faster than they were one year ago, with the average time on market for houses down from 85 days in November 2013 to 73 days in November 2014 and units are selling in 92 days, compared to 105 days the previous year. 
Click to open in new window: 
<a href="/images/2015/03/16/gc-mar-16-one.jpg" target="_blank"><img src="/images/2015/03/16/gc-mar-16-one.jpg" alt=""></a>
Source: CoreLogic RP Data
</body></html>

Gold Coast houses and units selling faster: CoreLogic RP Data

<html><body>
The penthouse atop the Soul Surfers Paradise tower on the Gold Coast sold for $7 million at McGrath auction this weekend - long after a $16.85 million off the plan deal of 2006 failed to proceed.
<a href="https://www.mcgrath.com.au/buy/apartment-surfers-paradise-qld-4217/240361/?searchID=48350135" target="_blank">It is a four-level penthouse </a>with six bedrooms on the 70th floor of the Cavill Avenue building. 
Set 240 metre above Surfers Paradise beach, the penthouse has 1,040 square metres of space.
Hong Kong billionaire Tony Fung beat out four other bidders, including veteran tourism industry player Frank Picone, to secure the apartment at auction, the Gold Coast Bulletin reported.
The gutted penthouse shell was marketed by John Natoli and James Ledgerwood of McGrath Estate Agents.
The billionaire is planning an $8.15 billion resort and casino at Cairns. The integrated resort at Yorkey's Knob, 13 kilometres north of Cairns in far north Queensland, would be one of the biggest projects in the state if it's given permission by Palaszczuk Labor government. He owns the Canberra Casino.
Last week Tony Fung paid a rumoured $15 million to buy four Gold Coast properties from tycoon Nathan Tinkler's Patinack Farms racing empire.
The Aquis Group chairman bought all four Patinack Farm landholdings in the Gold Coast Hinterland — Wadham Park, Elysian fields, Sarahvale and Benobble — for an undisclosed amount.
 
 
</body></html>

Soul, Surfers Paradise penthouse auction results in $7 million sale to Tony Fung

<html><body>
Australia's falling dollar and the promise of a recovering market is drawing New Zealanders back to the Gold Coast, according to one agent.
Russell Barker, a licensee of First National Southport, tells Property Observer that the agency is seeing "very strong enquiries" through its New Zealand offices.
He believes the renewed enthusiasm is in part due to a general increase in foreign interest in the area on the back of the upcoming Commonwealth Games.
"It started about nine months ago," says Barker. After a flat market, stretching back to 2008, and negativity from Queensland's floods, he says new infrastructure built to support the 2018 games is attracting media coverage and buyer interest.
He notes an uptick in development in the area, which can accommodate foreign buyers who are only allowed to purchase new properties. But while much has been made of Chinese investment in the Gold Coast, he says the Chinese market only contributes to about 5% of sales.
Barker believes that New Zealanders aren't simply drawn to the Gold Coast because of the associated lifestyle, but because of investment opportunities.
"Apart from Auckland and Queenstown, there aren't really many places with strong capital growth in New Zealand," he explains.
With the earthquake's impact on the Christchurch market and few solid investment opportunities in Wellington, Barker says investors turn to the Australian market – and the falling Australian dollar, now worth NZ$1.03, is only increasing the appeal.
"When the market crashed, a lot of Australians were buying in America," he notes.
"And now with the dollar changing, we're seeing the reverse," with New Zealand and European buyers considering our market."
Barker says New Zealanders' interest in Australia will "only get stronger and stronger".
"They're really the extra state of Australia," he says. "We openly accept New Zealand, the same as they accept us."
</body></html>

Gold Coast

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Gold Coast

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News