<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" />

&nbsp;

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;

&nbsp;

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

Hotspots

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Griffith takes the top spot on a list of Canberra's 2016/2017 house hotspots, with an expected increase of 8% over the next 12 months, in a forecast developed by APM senior economist, Dr Andrew Wilson.
The median price at Griffith is currently $1,300,000, according to APM, and some sales in the region are continuing to push the media price higher.
An example would be a two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-act-griffith-122914390" target="_blank">18 Bannister Gardens</a> (above) that was recently sold for $1,370,000, which is $70,000 above the median price
The Smart Investor magazine, published by Fairfax Media, ranked Bonner, Harrison and Chifley as equal second best hotspot regions for houses in the ACT.
Suburb        Postcode       Median price      12 month forecast
Griffith        2603             $1,300,000         6%
Bonner        2914             $570,000           5%
Harrison      2914             $655,650           5%
Chifley        2606              $710,000          5%
Wright        2611              $750,000          4%
Crace         2911               $735,000          4%
Ainslie        2602               $895,000          4%
Campbell    2612               $1,079,500       4%
O'Connor    2602                $932,500         4%
Torrens       2607               $734,000         4%
</body></html>

j.ballantyne1990-6AQqhLzZaK

Griffith tops list of Canberra house hotspots

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Greenway takes the equal top spot as Canberra's 2016/2017 hotspot for investing in units in a new list developed by APM senior economist, Dr Andrew Wilson.
The median price at Greenway is currently at $385,000 with an expected increase of 4% over the next 12 months, according to APM.
A two bedroom unit at <a href="https://www.realestate.com.au/sold/property-unit-act-greenway-119652167" target="_blank">17/1 Drew Street </a>(above) recently sold for $410,000 – is $25,000 above the median price – perhaps indicating the suburb is already drawing the attention of investors. 
The Smart Investor magazine, published by Fairfax Media, ranked Page and Macquarie as the joint strongest unit hotspots in Canberra.
Suburb        Postcode      Median price      12 month forecast
Greenway    2900            $385,000            4%
Page           2614            $425,000            4%
Macquarie    2614            $415,000           4%
Forrest         2603            $682,000           3%
Franklin        2913           $350,000            3%
Garran         2605            $565,000           3%
Bruce           2617            $425,000          3%
Casey           2913            $383,950          2%
City              2601            $525,000          2%
Watson         2602            $433,500          2%
 
</body></html>

Greenway tops list of Canberra unit hotspots

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Larrakeyah takes the equal top spot on a new list of Darwin's 2016/2017 hotspots for investing in units, developed by APM senior economist, Dr Andrew Wilson.
The current median price at Larrakeyah is $533,000 with an expected increase of 3% over the next 12 months, according to APM. 
An example of price movements in the area would be a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nt-larrakeyah-123493258" target="_blank">1A/2 Mauna Loa Street</a> (above) currently on sale for $575,000, which is $42,000 above the median price. Whether it achieves its asking price remains to be seen. 
<img src="/images/2016/09/23/202B2%20Mauna%20Street.jpg" alt="">
However, a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-nt-larrakeyah-119815507" target="_blank">202B/2 Mauna Street</a> (above) was recently sold last year for $575,000, $42,000 more than the median price, indicating that prices in the suburb may be on an upward trajectory. 
The list, published by Fairfax Media's The Smart Investor magazine, ranked Nightcliff as its equal best unit hotspot.
Suburb             Postcode     Median price      12 month forecast
Larrakeyah        0820            $533,000                         3%
Nightcliff           0810            $478,100                        3%
Darwin City       0800            $522,000                         2%
Coconut Grove  0810             $446,500                        2%
Lyons               0810             $760,000                        2%
Parap               0820             $545,000                         2%
Winnellie          0820             $325,000                          2%
Berrimah          0828             $550,000                          2%
Muirhead          0810             $345,000                          N/A
</body></html>

Larrakeyah tops list of 2017 Darwin unit hotspots

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Paddington takes the top spot on a new list of Brisbane's 2016/2017 hotspot for investing in units, developed by APM senior economist, Dr Andrew Wilson.
The median unit price at Paddington is $562,500 with an expected increase of 4% over the next 12 months, according to APM's forecast.
An example would be a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-qld-paddington-121593326" target="_blank">3/43 Fernberg Road</a> (above) that was sold for $595,000 – $32,500 above the median price.
The Smart Investor magazine, published by Fairfax Media, ranked Lutwyche as one of several suburbs in the second rung of best hotspots.
Suburb               Postcode            Median price         12 month forecast
Paddington         4064                  $562,500                           4%
Lutwyche           4030                  $481,000                           3%
Kedron              4031                   $455,000                          3%
Holland Park      4121                   $486,000                          3%
Windsor            4030                   $470,000                          3%
Sherwood          4075                   $450,000                         3%
Bellara              4507                   $285,000                          2%
Wooloowin        4030                   $470,000                          2%
Hawthorne        4171                   $559,500                          2%
Gaythorne        4051                    $441,500                         2%
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Paddington tops list of Brisbane unit hotspots

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House prices in Colonel Light Gardens are tipped to increase by 14% in the next 12 months, with the suburb taking equal top spot in Adelaide's 2016/2017 house hotspots forecast developed by APM senior economist, Dr Andrew Wilson.
The median price at Colonel Light Gardens currently sits at $740,000, according to APM.
Several recent sales point to upward price movements in the suburb. An example would be a four bedroom house currently on sale for $790,000 at <a href="https://www.realestate.com.au/property-house-sa-colonel+light+gardens-123193034" target="_blank">46 Salisbury Crescent</a>, (above) which is $50,000 above the median price.
<img src="/images/2016/09/23/8%20Rozells%20Avenue.jpg" alt="">
Similarly a four bedroom house at <a href="https://www.realestate.com.au/sold/property-house-sa-colonel+light+gardens-122576806" target="_blank">8 Rozells Avenue</a> (above) was sold for $800,000 – $60,000 above the median price.
The Smart Investor magazine, published by Fairfax Media, also consider Henley Beach, Linden Park, Erindale, Hazelwood Park, St Peter and Heatherfield as their strongest hotspots.
Suburb                             Postcode        Median price       12 month forecast
Colonel Light Gardens        5041                $740,000           4%
Henley Beach                    5022               $790,000            4%
Linden Park                      5065               $871,000            4%
Erindale                           5066               $1,076,000         4%
Hazelwood Park                5066                $942,500           4%
St Peters                          5069               $1,252,500         4%
Heatherfield                      5153               $750,000           4%
Firle                                5070               $655,000            3%
Payneham South              5070                $699,000            3%
Kingswood                       5062               $898,000            3%
 
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Colonel Light Gardens tops list of 2017 Adelaide house hotspots

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Miami takes the equal top spot on a list of Gold Coast's 2016/2017 top hotspots for investing in houses, part of a new forecast developed by APM senior economist, Dr Andrew Wilson.
The median price at Miami is currently $620,000 with an expected increase of 6% over the next 12 months, according to APM.
Several recent sales in the area are indicating that prices in the area may be on the move.
A three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-miami-123313022">48 Lemana Lane</a> (above)recently sold for $675,000, which is $55,000 more than the median house price.
<img src="/images/2016/09/23/39%20Kallay%20Street.jpg" alt="">
Similarly a three bedroom house at <a href="https://www.realestate.com.au/sold/property-house-qld-miami-121933258" target="_blank">39 Kallay Street</a> (above) was recently sold for $648,000 – $28,000 more than the median price.
The forecast, published by Fairfax Media's The Smart Investor magazine, ranked Palm Beach and Mermaid Beach as the equal best investor hotspots.
Suburb              Postcode       Median price         12 month forecast
Miami               4220              $620,000                           6%
Palm Beach       4221              $690,000                           6%
Mermaid Beach  4218              $1,292,500                         6%
Ashmore            4214             $535,000                            5%
Mermaid Waters  4218             $700,000                           5%
Paradise Point     4216             $940,000                            5%
Broadbeach Waters 4218         $991,000                            5%
Tugun                  4224           $553,500                            4%
Bilinga                  4225           $540,000                            4%
Currumbin             4223           $810,000                            4%
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Miami tops list of 2017 Gold Coast house hotspots

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Australia’s largest body of professional buyer’s agents is warning homebuyers and investors to ‘think local’ when it comes to property predictions for 2016.
It has urged buyers to base their buying decisions on supply and demand rather than potential hotspots.
The Real Estate Buyers Agents Association of Australia (REBAA) president Rich Harvey listed some no go zones in capital cities across Australia.
He noted conflicting property predictions suggesting prices in various locations will rise or fall could confuse buyers into making the wrong investment decisions.
“The problem with any forecast is trying to sum up the direction of a diverse range of property markets into a single figure or hotpot,” said Harvey.
“Australia has over 15,000 suburbs and there are more than 700 suburbs in Sydney, more than 540 in Melbourne and around 450 in Brisbane.
“So to say that Sydney will rise by four per cent can give a misleading perception to a novice investor thinking that buying an over-priced off-the-plan apartment in Zetland will actually see price growth in their property.
“That poor investor may well see a five per cent decline in the value of their property due to the rapid increase in supply in that local market.”
Harvey recommends buyers and investors need to look at the individual drivers of supply and demand within a smaller zone and at a suburb level.
“While the overall predictions give you some comfort that property is a good asset class, it is far better to think long-term and become an expert in the local housing market and make informed decisions accordingly,” he said.
“In markets where values are escalating quickly, it’s a potential minefield for buyers who feel under pressure to buy.
“Buyers need to ensure they understand the local growth drivers of supply and demand and that they are in the right price pocket for that particular location. “A buyer’s agent can help analyse the data quickly using the best valuation tools available and guide buyers through the property maze with minimum stress.”
The REBAA recommends the following property investments to avoid in 2016:
Brisbane Brisbane Avoid: High density apartments in the CBD, West End and Fortitude Valley. Recommend: Character houses in low density, established areas with good schools, transport and lots of renovation activity.
Sydney
 Avoid: High density off-plan apartments in Mascot, Zetland, and some pockets around Parramatta and Rhodes with potential for oversupply as record building approvals take shape. Sydney still fundamentally under-supplied, but a short-term spike in units coming to market will depress rents. 
Recommend: Blue chips suburbs with strong growth potential: Eastern suburbs North Shore, inner west. Suburbs with lifestyle appeal, new transport infrastructure, growing population and continuing gentrification.
ACT 
Avoid: High density apartments either existing or off the plan in most areas. 
Recommend: Small boutique existing townhouse developments. Homes in established areas with access to good schools - inner north, inner south, Belconnen and Woden areas.
Melbourne 
Avoid: High density apartment blocks. Much like the Sydney market, avoid areas like Docklands and possibly Fisherman’s Bend and other areas that are being oversupplied with new, high-rise apartment blocks. 
Recommend: Low density developments that are well built with manageable ongoing running costs. Land is in short supply, so if you can afford to buy property in a good, well-serviced location with some land, then do that.
South Australia 
Avoid: Off-the-plan apartments in the Adelaide CBD. 
Recommend: Properties with development potential in middle-ring suburbs continue to increase in popularity. Also character properties with renovation potential in good suburbs on the “fringe” of upmarket established locations.
Tasmania 
Avoid: Lifestyle properties away from major population centres for income investment. Great if you plan to live there but not the best choice for a good performing long-term investment.
Recommend: Character properties in the inner city Hobart suburbs such as North Hobart, New Town and West Hobart are in very high demand with buyers out stripping supply. This shortage of supply is impacting on higher prices. A wellpriced renovator in these areas could be extremely beneficial. Also buying on the fringes of these suburbs is worth considering.
Western Australia 
Avoid: Developing suburbs on the outer northern and southern metropolitan fringes of Perth where there is currently an oversupply which is expected to continue for the next 12 to 18 months. Likewise the Perth unit market is looming for an oversupply for the next 12 months to two years. 
Recommend: Houses in a 10-20km radius of Perth with reasonable land holdings and rentable older houses. Likewise suburbs where there have been zoning changes and infrastructure spending can still provide opportunities for good buying. 
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jchancellor-FAypfDUnLy

Property investor no-go warning: Avoid Brisbane CBD, the Valley, Docklands and Zetland: Rich Harvey

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The latest planning application for Glen Iris is adding weight to the suburb's credentials as it emerges as an apartment hotspot. Situated 10 kilometres from Melbourne's CBD, the suburb has seen an elevated amount of apartment-based activity of late, with developers keen to secure a foothold within the locale which is split between City of Stonnington and City of Boroondara.

Apartments.com.au is tracking 638 new apartments within Glen Iris spread over 13 separate developments. Small-scale numbers relative to inner city development, yet impressive when considering the suburb is both a youngish apartment market and heavily favoured by owner-occupiers.

City of Stonnington are currently advertising the suburb's largest intended development to date, located at <a href="/buildings/highpark-1559-1567-high-street-glen-iris">1559-1567 High Street</a>. The proposal which rises progressively to eight levels would hold 148 dwellings if approved. Southbank-based Gardenier Pty Ltd is the proponent with ROTHELOWMAN responsible for the design.

<figure><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/image10_2.jpg" rel="gallery-all" title="Indicative view from High Street and Brixton Rise. Image courtesy ROTHELOWMAN"><img alt="" class="image-article-full-width-580px" height="312" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image10_2.jpg?itok=09lRXRb0" title="Indicative view from High Street and Brixton Rise. Image courtesy ROTHELOWMAN" width="580"></a>

<figcaption>Indicative view from High Street and Brixton Rise. Image courtesy ROTHELOWMAN</figcaption></figure>Clad predominantly in varying tones of glass, 1559-1567 High Street holds a mixture of one, two, two plus and three bedroom apartments. The development carries a nominal value of $36 million and would see 15 three bedroom dwellings included in addition to 6 two bedroom plus options, both of which point toward the development team's recognition of Glen Iris as a suburb capable of holding a greater number of higher-end dwellings.

Elsewhere and Glen Iris currently sees three apartment projects at construction. Gardiner Rise, <a href="/buildings/grace-1555-malvern-road-glen-iris">Grace</a> and <a href="/new-apartments/glen-iris-vic-3146">Vivid on Malvern</a> are all at basement stage with the latter the latest project for St Kilda Road-based AG Constructions; yet another of a new brigade of builders devoted solely to the delivery of apartment projects.

<figure><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/image11_3.jpg" rel="gallery-all" title="Gardiner Rise and Vivid on Malvern in progress"><img alt="" class="image-article-full-width-580px" height="259" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image11_3.jpg?itok=Nr7fCmRS" title="Gardiner Rise and Vivid on Malvern in progress" width="580"></a>

<figcaption>Gardiner Rise and Vivid on Malvern in progress</figcaption></figure>Soon to join those at construction are Lennox Glen Iris, which was <a href="/news/samuel-property-and-the-new-residential-zones">featured recently</a>, and <a href="/buildings/trentwood-25-trent-street-glen-iris">Trentwood</a>, Kokoda Property Group's latest residential project. Featuring 92 apartments within a Hayball-designed building, Trentwood will feature Carr Design interiors within the development dominated by two and three bedroom dwellings which hold internal spaces of up to 123sqm.

Also at Registrations and Sales is <a href="/buildings/leopold-stonnington-18-leopold-street-glen-iris">Leopold</a> which presents as more typical Glen Iris apartment developments in that it is low-rise in nature and within a close distance to either of the suburbs two train stations: Gardiner or Glen Iris.

The balance of project within postcode 3146 are at planning, with three notable developments in waiting. Calabro Capital's <a href="/new-apartments/iris-residences-1581-malvern-road-glen-iris">1579-1581 Malvern Road</a> is a recent entrant into the Apartments.com.au project database as are <a href="/new-apartments/1729-1735-malvern-road-glen-iris">1729-1735 Malvern Road</a> and the Peddle Thorp-designed <a href="/new-apartments/1655-1659-malvern-road-glen-iris">1655-1659 Malvern Road</a>.

Sizeable apartment developments applications are also in progress for the following Glen Iris addresses (some of which have yet to enter the Apartments.com.au project database) include:

<ul>
<li>1687 Malvern Road</li>
	<li>7-11 Elm Road Glen Iris (developed by modular builder Modscape)</li>
	<li><a href="/new-apartments/1639-1645-malvern-road-glen-iris">1639-1645 Malvern Road</a></li>
	<li>1795 Malvern Road</li>
	<li>1693-1699 Malvern Road</li>
	<li>1542 High Street</li>
	<li>
<a href="/new-apartments/1655-1659-malvern-road-glen-iris">1655-1659 Malvern Road</a> (Notice of Decision stage)</li>
	<li>1789 and 1791-1793 Malvern Road</li>
</ul>
With Malvern Road and High Street a focal point of apartment development within the area, Glen Iris's forward apartment development pipeline is looking particularly strong. This coupled with the desirability of the suburb leads Apartments.com.au to ear tag Glen Iris as an apartment hotspot both now and into the medium term.

<figure><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/image13_4.jpg" rel="gallery-all" title="A selection of active Glen Iris apartment projects"><img alt="" class="image-article-full-width-580px" height="336" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/image13_4.jpg?itok=t89d-iOm" title="A selection of active Glen Iris apartment projects" width="580"></a>

<figcaption>A selection of active Glen Iris apartment projects</figcaption></figure>
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silvermb

Identifying the next apartment hotspot: Glen Iris

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GUEST OBSERVATION
Psst... Got a second? I’d like to let you know of an exciting property market location which is the second biggest regional city in its state, is the principle service centre for a region which is in close proximity to large and very valuable reserves of natural resources, it has critical deep sea port infrastructure in place, one of the highest rental yields in the country, its historical return on investment is close to double that of the capital city average, and a property entry price of $300,000. 
Every single word in the above opening paragraph is true, although – intentionally – the name of the location isn’t mentioned. If I said it was a bayside suburb in a capital city the odds are that this would instantly become Australia’s biggest hotspot. Now that I reveal that it is the South Australian regional city of Whyalla many people reading this will suddenly become uncomfortable.
I can think of no better example to illustrate how emotionally-based perceptions, as opposed to solid research and logic, get in the way of property investors standing to make the most of their hard-earned money.
From my desktop, I can hear people shouting: “But Simon, Whyalla is a mining town! Regional locations are high risk compared to capital cities.”
Whyalla is actually a steel manufacturing town (18% of jobs are in metal manufacturing). It services inland mines (lots of them). Whyalla is a seaport located on the east coast of the Eyre Peninsula. Tourism is a small secondary industry.
<img src="/images/2015/03/26/MedianValues_Capitals_5yrs-15yrs.jpg" alt="">
Mining giant, BHP established Whyalla in 1901 to facilitate the transport of iron ore from mines in the state’s north, via sea, to processing plants. A blast furnace was constructed in the 1940's and Whyalla's reputation as the 'steel city' grew.
Through the 1940s, 1950s and 1960s, Whyalla's population expanded rapidly and governments began planning for a 100,000 population. Shipbuilding had become the main industry until international competition forced its closure in 1978. The steel plant has evolved through peaks and troughs under BHP, then One Steel, and now Arrium. The one constant has been its status the biggest employer.
A mineral exploration boom unfolded throughout the last decade resulting in increased population. In 2000, an educated property investor would have paid a mere $80,500 for a house in Whyalla. An outer-suburbs capital city house back then would have cost $100,000 more than that. Over the next fifteen years Whyalla produced solid growth (an average of 9.5% per annum). The capital city average over the same fifteen year period was considerably less (7.3% per annum) and included three to four years of negative growth.
Do you want to re-evaluate that earlier comment about “risk”? Perhaps, you might be starting to see my point about “perception” and lost opportunity.
<img src="/images/2015/03/26/Whyalla_PropertyMarket.jpg" alt="">
The infrastructure in Whyalla is well established; as one should expect of a century old city with 22,000 people. University of SA has a campus in Whyalla, offering programs such as business, health, and community services. Daily flights to Adelaide are available with Regional Express; Qantaslink is also looking to service the region from 2015.
Three hours north of Whyalla is Olympic Dam. Opened in 1988, Olympic Dam holds some of the biggest reserves of copper, gold, uranium, and silver in the world. State and federal government approvals were granted to BHP for a $30 billion expansion in October 2011. In September 2012, BHP suspended the project, although it is widely expected that a scaled-down expansion will proceed at some point.
<img src="/images/2015/03/26/Whyalla.jpg" alt="">
Whyalla already has deep sea port infrastructure at Port Bonython which is very likely to come in to play when BHP eventually find the most viable development model. When it does, Whyalla’s property market will, yet again, perform much stronger than capital cities.
Whyalla’s property market is currently flat. Then again, so are most markets across Australia. An investor could buy a solid three-bedroom house in Whyalla today and get change from $300,000; rental yields are over 6%. Risk? I’d suggest there is considerably more risk investing in an inner-city apartment in <a href="https://www.propertyology.com.au/wp-content/uploads/2014/04/2015-02_Propertyology_SydneyOutlook.pdf">Sydney</a> or <a href="https://www.propertyology.com.au/wp-content/uploads/2014/04/2015_01_Propertyology_MelbourneOutlook.pdf">Melbourne</a>.
But, then again, I guess that depends on whether one bases things on perception or solid research and logic!
Simon Pressley is managing director of Propertyology, a REIA Hall Of fame Inductee, property market analyst, accredited property investment adviser, and buyer’s agent. 
<a href="https://www.propertyology.com.au/more-than-a-buyers-agent/" target="_blank">Propertyology</a> works exclusively with property investors to purchase properties in strategically chosen locations all over Australia.
Photo of Whyalla courtesy of Wikimedia Commons.
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spressley-sBoeMhannA

The regional city that has outperformed all capital cities for 15 years: Simon Pressley

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New research from Onthehouse.com.au has forecast their selection of the top 10 investor suburbs set to deliver during 2015.
There are some surprises with coastal ugly ducklings. Nine were for houses, with Byron Bay the only one selected for possible strong growth in units.
Tweed Heads South was top of the list for houses., while Byron Bay units were expected to deliver a total return of 13% this year.
Nine out of the 10 top investment areas, concluded when considering both projected growth and rental yield, are located along the regional coast of New South Wales and Queensland, while the remaining suburb is located in Western Australia.
The below table lists the top 10 suburbs, in order. 
Click to open in new window:
<a href="/images/2015/03/25/Top_10_Investments_2015_Table1.jpg" target="_blank"><img src="/images/2015/03/25/Top_10_Investments_2015_Table1.jpg" alt=""></a>
Source:<a href="https://www.onthehouse.com.au/" target="_blank"> Onthehouse</a>
The median value in Stratton is more than $160,000 cheaper than the city area of Perth.
Queensland’s Allenstown was the most affordable on the list with a median home value of $267,500.
Surprise NSW South Coast entrants included Sussex Inlet and Mollymook Beach.
The relative affordability of quiet coastal suburbs makes them ideal locations for retirees or young families, Onthehouse.com.au analyst Eliza Owen suggested.
"A perfect example of this is Morisset, which is ideally located on the shore of Lake Macquarie as well as being a short drive from the beach - and during the last Census it was found that 39% of the suburb's population was aged 65 years or over," said Owen.
"Many young health professionals have also found the area to be extremely affordable and a good place to rent and save while they attain work experience in the health sector.
"Due to continued rising levels of unaffordability in major cities, regional areas have become more enticing for businesses, as well as home owners.
"Businesses have found it cheaper to relocate their manufacturing and processing outside of metro city areas, creating jobs in regional areas.
"This is again evidenced around Morisset, but is also a case for the outer Perth suburb of Stratton, which is located just 20 kilometres from the Perth CBD."
{mijopolls 102}
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