Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

Hope Island

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The Broadbeach-based development firm Aniko Group has unveiled further plans for its grand Hope Island community on the Gold Coast.

Aniko Group, led by managing director George Mastrocostas, have fast-tracked construction for stage two of their $140 million No.1 Grant Avenue project, having secured more than 70 per cent of sales across the project.

[smartcode_project:default project_id=21346]

Stage two of the development will feature 105 two, two plus study and three-bedroom apartments with a range of bridge free marina berths available along the Hope Island canal. Aniko also responded to the COVID-19 pandemic by creating a "post-pandemic" office precinct for those wanting to work remotely.

Fitness guru Michelle Bridges is designing the health club as part of the second stage, where they will also be a children's play centre, theatre, residents lounge and outdoor cooking and dining facilities.

<a href="/buildings/no-1-grant-avenue-1-grant-avenue-hope-island"><img alt="" height="678" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aniko_new_pool.jpg" width="1200"></a>

Mastrocostas said that the rapid sell-out of stage one gave them the confidence to fast-track the launch of stage two.

“To have achieved such exceptional sales and demand for our projects during a year that was filled with a lot of uncertainty is a testament to the quality offering we have brought to market,” said Mr Mastrocostas. 

“The market has remained exceptionally strong during Covid and buyers who missed out on securing an apartment in stage one have already purchased within stage two.”

<a href="/buildings/no-1-grant-avenue-1-grant-avenue-hope-island"><img alt="" height="702" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aniko_grant_2.jpg" width="1200"></a>

Part of the precinct will be No.35 Grant Avenue, with its apartments inspired by designs from New York.

The downsizer and owner-occupier market have been particularly interested in the development which allows them to downsize while still remaining in the area.

“There’s no doubt that the Gold Coast is one of the hotspots for residential property and with great lending conditions we are certainly seeing buyers transitioning into their next investment journey whether it is as an owner occupier or investor.”

“With the recent border re-openings, we expect to see an increasing number of southern buyers purchasing in the project and we look forward to meeting the buyers who purchased in stage one, sight unseen, who haven’t been able to see their apartments until now.”
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Aniko Group, led by managing director George Mastrocostas, have fast-tracked construction for stage two of their $140 million No.1 Grant Avenue project, having secured more than 70 per cent of sales.



Why downsizers and owner-occupiers have descended on Aniko Group's No.1 Grant Avenue on Hope Island

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The Brisbane-based developers Keylin Group and Kinstone Group has began construction on their waterfront homes and townhouses at the luxury Helensvale development Serenity 4212.

The construction commencement comes after more than $107 million in sales since the project, one of the Gold Coast’s largest waterfront land projects, launched 12 months ago.

[smartcode_project:default project_id=83147] 
Over 30 per cent of Serenity Green, part of Serenity 4212 comprising 60 architecturally designed town homes, have sold, with more than $12 million in sales in just four months following its market launch. 

Remaining town homes in Serenity Green are priced from $535,000.

The sales generated in Serenity Green add to the $72 million achieved through Serenity Waters – a collection of 110 waterfront blocks of land that back onto Lake Serenity and the Coombabah Wetlands Conservation Area.

Keylin director Louis Cheung said Keylin was keen to expand its residential and commercial portfolio in the northern Gold Coast growth corridor between Helensvale, Hope Island and Coomera.

“We are absolutely delighted that our range of residential offerings has been so warmly welcomed by the marketplace,” Mr Cheung said.

“Keylin, with our team of consultants, has worked very hard to create the most diverse residential options available within our projects and they have been very well received.

<a href="/buildings/serenity-green-8-ben-dalley-drive-helensvale-road"><img alt="" height="794" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/serenity_entrace.jpg" width="1200"></a>

“It’s hard to believe that we have achieved so many sales in Serenity 4212 after only acquiring the waterfront site early last year and made so much progress across all our projects despite the challenges of the pandemic in 2020.”

Serenity Green’s town homes are positioned to capitalise on a growing market of discerning buyers seeking larger sized homes. 

“Demand for larger sized home is certainly growing, which in part is due to buyers spending more time at home during Covid. While the impacts of Covid-19 of the Gold Coast are subsiding, buyers’ desire to upsize their lifestyles certainly remains,” Mr Cheung added. 

Tony Ashwin, director of Ashwin Property which is managing the sales and marketing for Serenity 4212, said Serenity Green has been met with great immediate demand, particularly amongst the local owner-occupier demographic.

“Serenity 4212 is a unique, luxurious and well-priced offering and we’re witnessing great interest from the local community familiar with the great lifestyle on offer here,” said Mr Ashwin. 

<a href="/buildings/serenity-green-8-ben-dalley-drive-helensvale-road"><img alt="" height="720" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/serenity_green_pool.jpg" width="1200"></a>

“There really isn’t much else on the market with the same level of offerings in a beautiful, private and idyllic location, so well-priced to meet the market.

“Demand for the larger sized home offering is certainly there. A lot of our buyers who don’t require all four bedrooms are converting the fourth room or the second living area into a home office which is ideal in a post-Covid working environment.”

A range of resident amenities will be on offer in the gated Serenity Green community including an outdoor recreation area with barbecque facilities and a large swimming pool.

Of the sales achieved to date, four first home buyers have taken advantage of $40,000 of government incentives – the $15,000 First Home Owners Grant and the $25,000 HomeBuilder scheme which ends this month.
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The construction commencement comes after more than $107 million in sales since the project, one of the Gold Coast’s largest waterfront land projects, launched 12 months ago.



Take a look at Keylin and Kinstone's Helensvale development as house and townhouse construction begins

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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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urban.com.au

Land estate on the Gold Coast achieves 70 per cent sell-out

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A Hope island apartment has been recently sold for $260,000 at mortgagee auction.
The two bedroom three bathroom unit features one underground parking space. 
It was listed by Mark Worthington of LJ Hooker.
Situated at <a href="https://www.realestate.com.au/property-unit-qld-hope+island-130660170" target="_blank">1106/2 Activa Way</a> it is part of the Azzura Greens development and the building was completed in 2007.
With 155 sqm of floorspace, the property is inside the Hope Island Resort community.
Located adjacent to the Tennis Academy &amp; links to the Hope Island Golf Club it features a verandah.
Last sold in 2008 the apartment traded for $506,450, a reduction of $245,950 dollars.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><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/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
It was listed as recently as 2017 initially asking for offers from $362,000 before reducing the price guide to $350,000 and being taken off market after 54 days.
Highlighting the loss of value at 2 Activa Way is apartment number 2317, which sold in December of 2017 for $380,000. 
The two bedroom two bathroom apartment was originally purchased off the plan in 2006 for $564,240.
Every subsequent sale has been $150,000 or more less than this price.
The median price for a home in <a href="/developments/hope-island-qld-4212">Hope Island</a> is $972,500 according to CoreLogic, which calculate its annual change in median price over the past 10 years as -2.5%.
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j.ballantyne1990-6AQqhLzZaK

Hope Island, Qld apartment sold by mortgagee for $250,000 loss

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The northern Gold Coast leisure-land of Hope Island has become critically undersupplied with less than 50 new apartments currently on the market, according to a new report. 
According to property consultants Urbis, The North Shore precinct which includes Hope Island, is the most undersupplied market on the Gold Coast for apartment buyers. 
“Since the beginning of 2016, only six new apartment projects have been launched to the market across the North Shore Precinct,” said Urbis senior consultant Lynda Campbell. 
“This has resulted in a low level of supply with the September 2018 quarter ending with only 49 new apartments available for sale. 
“This is the lowest level of supply across the four Gold Coast precincts which have supply levels ranging from 277 up to 1,190 apartments.”
Despite the supply shortfall, population forecasts indicate demand for new homes and apartments will continue to rise. 
The Hope Island catchment area is expected to house an extra 35,680 people over the 20 years to 2036, or an average of 1784 new residents a year. 
Gold Coast company Aniko Group, headed by George Mastrocostas (pictured below), has moved to fill the current void in the Hope Island market with plans to launch a major resort-style apartment project this year. 
<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/2019/3/22/George%20Mastrocostas.jpg" alt="">
Aniko Group will deliver 240 luxury apartments on an 8390 square metre waterfront site at 1 Grant Avenue. 
The move follows last year’s successful sell-out of Aniko’s Three72 Marine development at Labrador and builds on the company’s appetite for high growth markets in south-east Queensland. 
“Hope Island has been very much a slow burn in terms of its maturity as an apartment market, and it’s probably only in the last few years that we’ve really seen that start to fire up,” said Mastrocostas. 
“The area has so much going for it in terms of absolute waterfront lifestyle and key transport infrastructure, and the market is starting to respond to that, especially local buyers who know the area well. 
“Waterfront living is in demand across the Gold Coast and Hope Island is one of the few areas left in the city where we can deliver quality resort-style living without the big premium of coastal apartments. 
“Hope Island has been on our wish list for some time, so we’re excited to be bringing this project to fruition at this time. The early response we have received from the market has been very encouraging.” 
The Hope Island property market is benefitting from a raft of private and public investment being ploughed into the northern Gold Coast region. 
The recent opening of the new $65 million Hope Island Marketplace has become a key investment driver by bringing a range of amenities and new jobs to the heart of the suburb.
This comes on top of the completion of the nearby $450 million Westfield Coomera. 
Infrastructure work planned for the area includes major upgrades to M1 exits and the $400 million expansion of the Gold Coast Marine Precinct, which is set to boost local jobs. 
Anika Group is poised to officially launch 1 Grant Ave soon.
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Hope Island apartment market facing critical undersupply of stock: Urbis

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The philanthropist Neil Balnaves has listed his Hope Island, Gold Coast estate which was inspired by the J. Paul Getty Museum.
Balnaves’ 2834 square metre Killymoon Drive mansion is centred around an outdoor courtyard with an 18 metre pool and fountains.
There's walls adorned with hand painted frescoes by artist Michael Place referencing Roman mythology.
The holiday home, built by the family in the mid-90s, is listed through Charlon Delos Angeles of Amir Mian Prestige Property Agents.
Balnaves, who founded the Southern Star Group, has been a trustee member of Bond University and was once chairman of Dreamworld operator Ardent Leisure.
This article first appeared in The Weekend Australian. 
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Philanthropist Neil Balnaves lists Hope Island estate

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Hope Island is set to host a new store from the famous American restaurant chain Carl’s Jr.
The store will be in the $65 million Hope Island Marketplace, which is set to open in December.
The chain is known for its burgers, chicken strips and ice cream shakes.
Franchisor the Bansal Group will open the store’s doors on December 6 at 8.30am, with an ‘eat free for a year’ voucher offer for the first 50 customers.
The shopping centre is located at the intersection of Broadwater Avenue and Mervyn Drive.
“Carl’s Jr. is a household name in America and love for the brand is growing in Australia, so we’re thrilled to have the next restaurant opening here at Hope Island Marketplace,” said developer Lennon Lin.
The centre’s opening celebration will be on Saturday 8th December from 10am.
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Carl's Jr store coming to new Hope Island shopping centre

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A Hope Island waterfront house sold for $5.05 million.
Rita Na at Hope Island Resort Reality sold the home that last traded for $900,000 in 2009.
Privately positioned, the <a href="https://www.realestate.com.au/sold/property-house-qld-hope+island-127615510" target="_blank">Virginia Drive home</a> features large scale entertaining area with outdoor built in BBQ kitchen overlooking swimming pool and 14 metre pontoon.
It has four bedrooms, a kitchen with European appliances and fully equipped media room.
According to CoreLogic, the suburb's median house price sits on $640,000.
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Waterfront Hope Island trophy home sold for over $5 million

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A single level Hope Island home within Sanctuary Cove's prestigious Schotia Island precinct has been sold by the mortgagee for $1,375,000.
<a href="https://www.realestate.com.au/sold/property-house-qld-hope+island-126205598" target="_blank">Built by Deep North</a> with an in-ground pool, the home sits on a 993 square metre block adjoining 4.5 hectare of open green parkland on two sides.
The 2091 The Circle property had three king size bedrooms, all ensuited, plus a large study.
It last sold at $1.3 million in 2014. It had sold in 2007 at $1.3 million, and in 2011 at $950,000.
It was on the market for over 100 days before its sale in late November.
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Mortgagee sells Hope Island home for $1,375,000

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Leading developer Stockland has confirmed its acquisition of a waterfront site at Hope Island for $13.5 million.
The purchase of the 3.3 hectare site at Marina Quays Boulevard is Stockland’s first stand-alone medium density acquisition in the state.
Stockland general manager of medium density Ben Cantrell said the site was an enviable waterfront location, surrounded by excellent established housing, golf courses, and opposite the proposed town centre that will be include a supermarket.
"This acquisition aligns with our strategy to diversify and broaden the reach of our residential business through mutual density development, by offering our customers high-quality architecturally designed homes, in key locations at affordable prices.”
The site is around the corner from Stockland’s Foreshore Coomera development, where the Coomera Town Centre will become home to the northern Gold Coast’s biggest shopping complex and new central business district.
Stockland is proposing a diverse range of townhomes to appeal to “upgraders, downsizers and first home buyers”, with approximately half of the townhomes in the new community to have water frontage.
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