<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Gold Coast

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Melbourne is the No.1 capital city, still buoyant in contrast to Sydney’s steady decline. But South-East Queensland – the vast urban area including the Gold Coast, Brisbane and the Sunshine Coast – now has more growth suburbs than the Melbourne metropolitan area.
In simple terms, Melbourne has been strong for at least two years while many South-East Queensland markets are still quite early in their cycle. There are strong growth precincts right throughout this region, headed by Gold Coast City, but with Logan City, Moreton Bay Region and the Sunshine Coast Region all providing lots of rising markets.
According to our quarterly surveys of sales activity for The Price Predictor Index, the Gold Coast remains the clear national leader among the Local Government Areas of Australia. It has the most growth suburbs, by a wide margin, as has been the case in recent surveys. Among the standouts are some of the canal suburbs south of Surfers Paradise.
They include Burleigh Waters, where sales rates have risen from 85-90 per quarter 18 months ago to 140 more recently. Mermaid Waters has also shown a pattern of rising sales levels, while nearby Miami has increased sales from 56 to 69 to 81 to 87 to 95 in consecutive quarters.
The Moreton Bay Region in Brisbane’s north stands out as a market that has come from a long way back in the field to challenge Logan City as the No.1 market in Brisbane. If the pattern continues, Moreton Bay Region will be Brisbane’s market leader in the next quarterly survey.
Three suburbs in this LGA make our national top 30 list of growth suburbs – Morayfield, Deception Bay and Warner. Sales rates have doubled over the past two years in Morayfield, while sales in Warner over the past five quarters have been 57, 60, 75, 87 and 92. 
Logan City, which borders the Gold Coast to the south and Brisbane City to the north, led the revival of Brisbane markets in 2015 and continues to be the standout precinct (just ahead of Moreton Bay). It has more growth suburbs than any other Brisbane precinct, headed by Beenleigh, the LGA’s administration centre, where house sales have increased steadily over the past 18 months. Another standout suburb is affordable Shailer Park, where sales have increased steadily from 65 per quarter 18 months ago to 105 in the survey. 
Meanwhile, there are growing signs that Melbourne’s up-cycle is close to its peak. As in many growth markets, Melbourne’s cycle started in the near-CBD areas and over a couple of years has gradually rippled further out. During 2015 the leading precincts were mostly middle-market areas like the outstanding Whitehorse LGA (where some suburbs recorded 20%-plus growth in their median prices).
Now the outer-ring areas are rising to prominence, always a sign that the cycle has almost run its course. Among the Melbourne market leaders are the Casey LGA in the far south-east, the Brimbank LGA in the west and the Whittlesea LGA in the far north.
Growth is the Whittlesea LGA is headed by the suburb of Mill Park (median house price $480,000), where sales rates have been 87, 108, 109 and 140 in the past four quarters. Other growth suburbs in this precinct include Mernda, Wollert and Thomastown.
The LGA of Brimbank is an under-rated area in Melbourne’s west, centred on the suburb of Sunshine. This area has been stigmatised as downmarket in the past but its perception and market performance is improving on the back of good infrastructure and urban renewal developments. Deer Park is a standout suburb, with sales totaling 68, 97, 95, 100, 110 and 115 in the past six consecutive quarters.
That growth pattern is now being reflected in a steady rise in median prices.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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terryryder-YECXbqmri2

SEQ overtaking Melbourne in price growth prospects: Terry Ryder

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Sussan Ley’s casual use of public money which cost her a ministerial position was a big mistake, but not her biggest.
Her greatest folly in the travel scandal is that she flew to the Gold Coast to buy a high-rise apartment for $800,000.
She declared that she did so because “the Gold Coast is a great place to invest”. She clearly didn’t do any research – there are few investments with worse records on capital growth than high-rise units on the Gold Coast.
The Gold Coast high-rise suburbs feature prominently in the new 2017 edition of my “No Go Zones” report.
They’re there for a range of good reasons: that terrible track record on capital growth, the location’s tendency to lurch from one boom-bust scenario to the next, and the high level of new supply coming into the market. It’s heading for another bout of oversupply, keeping in the mind that the previous glut took around six years to clear up.
It’s worth repeating a point I’ve made before on Property Observer: that the median apartment price for Surfers Paradise today ($370,000, according to both Domain and CoreLogic) is lower than it was 10 years ago. The same can said about nearby Broadbeach. Main Beach and Southport both have higher medians than a decade ago, but only marginally.
How many major, high-profile markets around Australia have a growth record that bad?
I did a social media post on this and had many responses from property-interested people around Australia. Most were like this one: “I thought the same thing – could not pick a worse place for investing” or this one: “Totally agree. However, she has a huge disposable income to use for negative gearing.”
I thought tax benefits would be cold comfort if, as I expect, the property’s value falls over time.
But there were a number of comments that disagreed. The most striking was this one, which scores highly for naivety: “If she is saying she paid $800,000, you can bet it is really worth over $1 million. You don’t just shell out that kind of money if you haven’t done your research …”
But the reality is that people do shell out big money for real estate without doing thorough research. Many investors believe that absorbing media sound-bytes or reading The Australian is research.
Countless investors have lost money diving into resources-related markets, paying top dollar at the peak of inflated price cycles. Some people I’ve heard from or read about bought multiple properties in high-risk markets like Port Hedland or Moranbah.
It’s apparent from their subsequent comments that they had little awareness that these were, in fact, high-risk markets marked by their volatility and dependence on the continuation of a finite resources investment boom.
It’s happened numerous times in the past. It will happen again in the future, precisely because large numbers of investors are willing to pay big money without doing even the most basic research.
In my view, the worst markets to buy in right now are the Melbourne CBD, the Brisbane CBD and Surfers Paradise. In the past 12 months, according to Domain figures, over 3,300 buyers, mostly investors, have bought apartments in those three locations. 
The Melbourne CBD and nearby markets are headed towards the granddaddy of all oversupplies. The warnings from a host of big-name sources – including the major banks, the Reserve Bank and major research firms – have become a deafening roar, but around 1,300 buyers have ignored the advice in the past year.
Melbourne has been through gluts in the recent past, which is why the current median price is lower than three years ago and no higher than five years ago. 
The median price for the Brisbane CBD is only slightly higher than a decade ago and has dropped 5% in the past 12 months, as the reality of high vacancies (currently around 6 percent, according to SQM Research) and too much new product starts to bite in this market. But almost 500 people, mostly distant investors, have bought in the past year.
Over 1,500 bought a Surfers Paradise apartment in 2016. Susan Ley was just one of them.
If you were the average punter buying the average Surfers unit 10 years ago, you would have paid around $390,000. Today, that unit would be worth around $370,000. That sad scenario is all too common in many of our major unit markets, especially those on the Gold Coast.
Yet you’ll still see comments like this one I received earlier in the week: “I’m surprised at seeing so many short-sighted comments in regard to investing on the Gold Coast.”
It sounds like the voice of vested interest.
Or someone whose (short-sighted) vision has not extended beyond next year’s Commonwealth Games.
Terry Ryder is the founder of <a href="https://www.hotspotting.com.au/" target="_blank">hotspotting.com.au</a>. You can <a href="https://mailto:ryder@hotspotting.com.au" target="_blank">email him</a> or follow him on <a href="https://twitter.com/hotspotting" target="_blank">Twitter.</a>
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Sussan Ley's biggest mistake was Gold Coast investment

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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has sold for $3.8 million.

It marks the sell-out of the luxury Gold Coast development.

The four-bedroom, three-bathroom apartment spans across levels nine and 10 of the building.

Set over 464sqm, the residence offered floor-to-ceiling windows, private rooftop pool, integrated barbeque and sheltered dining for entertaining.

Designed by Bureau Proberts, 77 Jefferson offered 360 degree views of the ocean, hinterlands and Surfers Paradise in their full-floor residences.

<a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/jefferson.jpeg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="290" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/jefferson.jpeg?itok=YGSLuYQw" width="580"></a>

All car spaces secure on ground level with no basements required, with other amenities including a communal recreation area with kitchenette, cinema and washroom.

The landscaping was by Bryns Lardner.

The penthouse was the last opportunity to buy in the building with all eight offerings now sold following its construction by Hutchinson Builders.

Olindah Property Group’s James Meredith and Nicole Riley marketed the property which was originally listed with an asking price of $3.995 million.

Prices within the development ranged between $1.29 million and $2.47 million, which saw all the full-floor residences sold within three months of launch.

BluePoint is directed by Marcus Dore, who prior to founding the company with Geordie Whitcombe, held positions with national companies including Walker Corporation, Mirvac and Colliers International.

Whitcombe was previously a development manager for Woolworths Limited, and ran his own development and advisory business.

The group's prior projects include East Palm Beach and Sea Palm Beach.

<h2>Developments nearby</h2>

<h2>Palm Beach Residences</h2>

The Palm Beach Residences, designed by the award-winning BDA Architecture, are selling two and three bedroom apartments starting from $554,000.

Slated for completion in 2022, Palm Beach Residences, located between Burleigh Heads and the captivating Currumbin Point, responds beautifully to its coastal setting, inspired by waves, with undulating, organic forms found throughout the development.

Each home features expansive glazing to make the most of the panoramic ocean views of Burleigh Heads, Pacific Ocean, Currumbin, and Hinterland.

<img alt="" height="1344" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/palm_beach_residences.jpg" width="2000">

The development also includes an exceptional selection of resort-style amenities on-site including:

 - 18m resort pool

 - Beach shower

 - Sauna

 - Private dining 

 - Boardroom

 - BBQs &amp; Pizza oven

 - Sun lounges

 - Zen garden

 - Work-from-home facilities

 - Bicycle &amp; surfboard racks

 - Lounge and fireplace
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The penthouse apartment in BluePoint Property’s Palm Beach luxury development, 77 Jefferson, has been sold

urban.com.au

Palm Beach penthouse sale marks sell-out of 77 Jefferson

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Given the recent sell-out of Flow Residences, premium Gold Coast off-the-plan buyers are looking at the remaining stock in other recently announced projects. 

Flow Residences was named Australia’s fastest selling beachfront apartments following their $74 million sell-out in late October.

Located on the southern Gold Coast, Flow is the project of avid surfer and local property developer Paul Gedoun. Overlooking Coolangatta’s Rainbow Bay from its 1 Petrie Street position, the S&amp;S Projects development will deliver 22 premium residences exclusively for owner occupiers.

Designed by Cottee Parker, each apartment within the 12-storey building offers ocean views of the pointbreak and the Gold Coast. Its amenities include a full-level residents beach club on the ground floor, with an outdoor heated pool, a recreation deck, private dining and function spaces and a gym.

<a class="colorbox colorbox-insert-image" href="/buildings/flow-residences-rainbow-bay-1-petrie-street-rainbow-bay" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/2a4caea1-6e93-427e-ae47-de5ea4b4b3d0-w1600-h1200.jpeg?itok=S7Gjj7Td" width="580"></a>

The last apartment sold was a 241sqm, three-bedroom, three-bathroom, half-floor ‘oceanic residence’ valued at $3.2 million, which sold for $3.15 million in an unconditional sale in mid-October.

The majority were sold to local buyers from Queensland, with seven apartments sold to interstate buyers from NSW.

The project is expected to reach completion in 2022.

<h2>Other luxury developments on the market in the Gold Coast</h2>

Luxury developments are popping up all over the Gold Coast as demand increases for residences with water views and luxury resort-style facilities.

In just the last month, boutique US hotel operator Mondrian has announced it will launch its first brand residence in Australia at Burleigh Heads. Designed by architect Elenberg Fraser, the project will include 89 luxury private residences and 208 guest rooms with the pricing yet to be revealed. 

But in case you've missed out on Flow, here are a few of our favourite new luxury developments on the Gold Coast:

1. Chevron One 

Located at 36-44 Stanhill Drive, Chevron One stands 40 levels tall in the Gold Coast’s Surfers Paradise.

Designed by Marchese Partners and developed by Bensons, the project offers 236 one, two and three-bedroom configurations, resort-style amenities and an organic sculptural form.

<a class="colorbox colorbox-insert-image" href="/new-apartments/chevron-one-36-46-stanhill-drive-chevron-island" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="213" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/chevron-one-36-44-stanhill-drive-surfers-paradise-16c076d8ec443dabf56a4e63f137c7b6.jpg?itok=_zJS4ruU" width="580"></a>

Amenities within the project include an outdoor lagoon pool with floating cinema, an indoor pool and spa, a gym and a residents’ lounge.

Apartments in the complex start from $365,000 for a one-bedroom and from $1.175 million for a three-bedroom.

2. Palm Beach Residences 

Situated between Burleigh Heads and Currumbin Point, Palm Beach Residences offers 80 two and three-bedroom apartments with views of Burleigh Heads, the Pacific Ocean and Gold Coast hinterland.

<a class="colorbox colorbox-insert-image" href="/buildings/palm-beach-residences-10-12-brooke-avenue-palm-beach" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/2016581624_4_1_201027_080721-w1600-h1200.jpeg?itok=TSLFT8VA" width="580"></a>

Designed by BDA Architecture, the CRU Collective project includes an 18-metre resort pool boardroom, zen garden and surfboard racks. The project has an estimated mid-2022 completion.

3. Acqua Palm Beach

With an affordable entry price of just $495,000 for a two-bedroom apartment, Acqua is attracting interest from first home buyers or smart investors. Situated at 10 Third Avenue, the project offers 62 two and three-bedroom apartments with resort-style amenities.

<a class="colorbox colorbox-insert-image" href="/buildings/acqua-palm-beach-10-third-avenue-palm-beach?last_source_news_article_id=41433&amp;ref=news_related_project" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/acqua-palm-beach-10-third-avenue-palm-beach-a5b5d742543c423f5acc6a05885195a1.jpg?itok=l-3b7MH9" width="580"></a>

Amenities within the Marquee Development project include a glass-edge pool, rooftop retreat and fitness centre.
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Premium Gold Coast off-the-plan buyers are looking at the remaining stock in other recently announced projects following the sell-out of Flow Residences.

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Gold Coast premium apartment buyers go with the flow

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The Home Affairs Minister Peter Dutton failed to sell his Gold Coast beachfront investment at weekend auction.
The two-storey Palm Beach property sits on a 546 sqm holding, on one of the coast's most exclusive beachfront strips.
The four-bedroom, three-bathroom house went to Sunday auction through Kollosche agent Troy Dowker.
Despite 11 parties registered, the absolute beachfront was passed in at $4,355,000, The Australian reported. 
Real estate agent Troy Dowker of agency Kollosche advised there had been a higher offer made prior to auction.
Its views are north to Burleigh Heads, the city skyline and South Stradbroke beyond.
Its marketing suggested the property is ripe for redevelopment, with the option of renting for up to $1800 a week. 
Dutton paid $2.235 million in 2014.
Dutton and his wife, Kirilly bought back in the hinterland outside of Brisbane earlier this year, around Daybook, the country town in the Moreton Bay hinterland.
They bought back in Dutton's Dickson electorate, securing a 70 hectare subdivision for $2.1 million.
In 2019 Dutton has sold his Canberra apartment in Kingston for $540,000.
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Peter Dutton's Palm Beach, Gold Coast beachfront investment fails to sell at auction

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The Home Affairs Minister Peter Dutton has listed his Gold Coast beachfront investment.
The two-storey Palm Beach property sits on a 546 sqm holding, on one of the coast's most exclusive beachfront strips.
The four-bedroom, three-bathroom house is listed for auction on December 6, through Kollosche agent Troy Dowker.
Its views are north to Burleigh Heads, the city skyline and South Stradbroke beyond.
Its marketing suggests the property is ripe for redevelopment, with the option of renting for up to $1800 a week. 
Dutton paid $2.235 million in 2014.
Dutton and his wife, Kirilly bought back in the hinterland outside of Brisbane earlier this year, around Daybook, the country town in the Moreton Bay hinterland.
They bought back in Dutton's Dickson electorate, securing a 70 hectare subdivision for $2.1 million.
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Peter Dutton lists Palm Beach, Gold Coast beachfront investment

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The Gallery, a $33 million, 46-lot land estate in the Gold Coast’s Hope Island, has achieved a 70 per cent sell-out.

Developed by local developer <a href="/developers/gh-australia">GH Australia</a>, the Gallery has generated in excess of $20 million and is among this year’s best-selling Gold Coast land estates as local demand increases.

Tony Hymus, who is marketing the estate, said the high interstate demand in the community, combined with the imminent opening of the border, is driving locals to quickly purchase the limited land.

Located within the Links Hope Island Resort, the Gallery is situated between the resort’s golf course and the saltwater creek reserve.

“With all the other unique lifestyle benefits of living at Hope Island Resort on the doorstep, it’s no surprise that the land opportunity offered within this community has been met with such great interest”, Hymus said.

Only 15 golf and water fronting land lots remain, with prices beginning at $582,000 for a 608 sqm lot.

The land offerings include lots up to 873 sqm, which are priced from over $1 million.

The Gallery is located in close proximity to the $65 million Hope Island marketplace and will soon offer additional amenities such as a gym and refurbished clubhouse.  

All lots are registered and ready for home construction. You can see what the Gallery has to offer here: 

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://player.vimeo.com/video/466029401" width="560"></iframe>

Other projects developed by GH Australia include Sydney's newest master-planned community <a href="/new-apartments/park-sydney-stage-2-arbor-57-ashmore-street-erskineville">Park Sydney</a> in Erskineville. 

Residences begin from $1.54 million in the landmark buildings designed by WMK Architecture, Botany and Cascade. The <a href="/news/park-sydney-erskineville-nears-first-stage-sellout-as-residents-move-in">recently completed towers have nearly sold out</a>.
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Land estate on the Gold Coast achieves 70 per cent sell-out

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Spyre Group has announced the completion of its $25 million MAYA project in the Gold Coast’s Kirra Beach. 
The development at <a href="/buildings/maya-kirra-beach-1-coyne-street-coolangatta">1 Co</a><a href="/buildings/maya-kirra-beach-1-coyne-street-coolangatta">yne Street</a> offers a combination of 16 two and three bedroom residences across its nine levels.
“The southern Gold Coast is undergoing an amazing transformation”, Spyre Group director Andrew Malouf said.
“Our discerning buyers have recognised this and bought into a luxury project right in the heart of this transformation.” 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/12/Maya%203.jpg" alt="">
Just last month, Brisbane-based KTQ Group unveiled plans to launch a $380 million redevelopment of the Kirra Beach Hotel.
MAYA’s features include ocean views, coastal-inspired architecture and outdoor amenities, including a pool, leisure area and outdoor beach showers. 
Most apartments also include a full-size multi-purpose room which can accommodate an additional living area, study or library. 
Prices for a three-bedroom, two-bathroom residence in the Kirra Beach development start at $1.65 million. 
“With construction completed we expect the limited remaining apartments will sell before the end of the year,” Malouf said.
MAYA is the third project on the Gold Coast to be developed by the Spyre Group. 
The developers are also behind the <a href="/buildings/natura-burleigh-heads-112-the-esplanade-burleigh-heads">Natura at Burleigh Heads</a> project and the <a href="/developers/spyre-group" target="_blank">$79 million Elysian at Broadbeach</a>.  
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Gold Coast's Kirra Beach sees $25 million MAYA development completion 

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Rugby league star Ryan James is selling his Gold Coast investment property ahead of his move to Canberra for the 2021 season.
The Gold Coast Titans captain bought the property just over a year and a half ago and planned to keep it as an investment but has since decided to sell.
He says his upcoming move to Canberra to play with the Raiders is one of the reasons for selling, the other being the strong Gold Coast market.
The property includes three units, two upstairs with two bedrooms and one downstairs with four, listing agent Kasey Pereira from Real Specialists says.
He noted that it has also been completely renovated.
The property is listed with an asking range of $1.25 million to $1.35 million.
Mr Pereira said it will likely attract investors looking for a strong rental return of roughly $1500 a week.
James says he completely transformed the property, with the largest changes he made located iny the downstairs unit where he added two extra bedrooms, plus a brand new kitchen and living room.
He says he has no plans to sell his home on the Gold Coast.
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j.ballantyne1990-6AQqhLzZaK

Titans captain Ryan James lists Gold Coast investment property

<html><body>
Rugby league star Ryan James has sold his Gold Coast investment property ahead of his move to Canberra for the 2021 season.
The Gold Coast Titans captain bought the property just over a year and a half ago and planned to keep it as an investment but has since decided to sell.
It fetched $1.25 million.
The property attracted more than 250 enquiries and 10 virtual inspections on top of open homes during its two week marketing campaign.
Agent Kasey Pereira told The Gold Coast Bulletin he had received several interstate offers, but sold to a local Tugun investor looking to expand their portfolio.
James advised his upcoming move to Canberra to play with the Raiders was one of the reasons for selling, the other being the strong Gold Coast market.
The property includes three units, two upstairs with two bedrooms and one downstairs with four, listing agent Kasey Pereira from Real Specialists says.
He noted that it has also been completely renovated.
The property is listed with an asking range of $1.25 million to $1.35 million.
Mr Pereira said it a strong rental return of roughly $1500 a week.
James says he completely transformed the property, with the largest changes he made located iny the downstairs unit where he added two extra bedrooms, plus a brand new kitchen and living room.
He says he has no plans to sell his home on the Gold Coast.
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