Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

Joel Robinson

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

IN BRIEF

<ul>
	<li>
	Just three double-storey Sky Homes sit at the top of The Waterline, each with its own private marina berth and rooftop terrace.
	</li>
	<li>
	Construction on The Waterline is complete, with the first residents expected to move in from mid-October.
	</li>
	<li>
	Sky Homes range from 282 sqm to 367 sqm and are priced from $3.65 million.
	</li>
</ul>

<hr />
Lewis Land has opened the first completed sky home for inspection at Harbour Shores, giving buyers their first opportunity to step inside one of just three double-storey residences crowning The Waterline.

Each sky home comes with its own private marina berth, rooftop terrace and Broadwater views, combining the scale of a larger home with direct access to the boating lifestyle that underpins the wider <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan.

[smartcode_project:default project_id=113271 project_image_fid=366708]

Lewis Land Head of Development Michael Long said the inclusion of a berth with every Sky Home had become increasingly valuable as marina access across the Gold Coast tightened.

“Marina berths are becoming increasingly difficult to secure across the Gold Coast, so including one with every Sky Home makes this a genuinely rare offering,” Long said.

“The private 70-berth marina will accommodate boats up to 12 metres in length and is positioned just 2.5 kilometres from the Broadwater, placing the open ocean only 15 minutes away.

“Being able to step out of your home onto your boat is a rare luxury, and it’s something residents here can look forward to when it opens later this year.”

[smartcode_project:default project_id=113271 project_image_fid=366709]

The display opening comes as construction completes on The Waterline, with the first residents expected to move in from mid-October.

The three Sky Homes range from 282 sqm to 367 sqm and each feature three bedrooms, three bathrooms, multiple living zones, expansive kitchens with butler's pantries and large balconies taking in the Broadwater outlook.

Each residence also has three secure basement car spaces and additional storage.

“This is the first opportunity the Gold Coast has had to step into Harbour Shores and see, touch and feel what we’re bringing to life here,” Long said.

“There are only three Sky Homes within The Waterline, ranging in size from 282sqm to 367sqm, with each residence featuring three large bedrooms, three bathrooms, multiple living zones, expansive custom-built kitchens with butler’s pantry, and large balconies capturing Broadwater views.”

<img alt="Harbour Shores" data-entity-type="file" data-entity-uuid="bab65e10-4fab-45e1-92d8-fc56e2ab98ff" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-25%20at%202.00.16%E2%80%AFPM.png?VersionId=XT8q76LsPkw3cYTsvN3JfFDaPLud90PN" />

Residents of The Waterline will have access to a private pool, along with Harbour Shores' wider collection of amenity including a lagoon pool, social clubhouse, tennis court, gym, yoga facilities and sauna.

Lewis Land partnered with Studio Collective to furnish the completed display, with the interiors designed to demonstrate how the residences could function as permanent homes rather than simply as show apartments.

Studio Collective Director Melissa Park said the surrounding waterways informed the interiors, but in a more restrained way than a traditional coastal scheme.

“We drew inspiration from the canals and coastal surrounds, but our approach was to interpret that subtly through layered materials and a grounded palette of earthy tones, rather than literal coastal references,” Park said.

“We introduced hero moments of green and teal to reference the surrounding waterways, while mirrored elements help reflect natural light.

“The result is a residence that feels elevated yet comfortable, somewhere buyers can genuinely imagine themselves living, entertaining and unwinding.”

Sky Homes are priced from $3.65 million.

Lewis Land is also offering private marina berths with The Residences, its limited collection of three and four-bedroom villas positioned directly along the Harbour Shores waterfront boardwalk.

Three-bedroom villas are priced from $2.99 million, while four-bedroom residences start from $3.19 million.

Harbour Shores is being marketed by Colliers International.

[smartcode_project_cta:default project_id=113271]

Lewis Land opens sky home display as The Waterline completes at Harbour Shores

St Vincent de Paul Society Housing Australia has filed plans for a major mixed-use housing precinct on the southern edge of the North Sydney CBD, adding another significant proposal to a pocket around North Sydn​ey Station that is quickly becoming one of the LGA's busiest development zones.

The State Significant Development Application covers a 5,990 sqm site at <a href="https://www.apartments.com.au/new-apartments/1-19-mackenzie-street-lavender-bay-nsw-2060">1-19 MacKenzie Street and 211 Blues Point Road in Lavender Bay</a>, immediately south of Nor​th Sydney Station and between the commercial core and the lower-rise Lavender Bay Heritage Conservation Area.

Designed by Wardle, the proposal would deliver a new residential tower comprising 88 build-to-sell apartments and 19 affordable apartments, alongside a separate co-living building with 57 rooms and a building manager's studio.

It would also see the significant restoration and upgrade of St Francis Xavier Catholic Church, the adaptive reuse of the former school building, new parish facilities, retail, a new public square and around 1,000 sqm of publicly accessible open space.

<img alt="Vinnies North Sydney" data-entity-type="file" data-entity-uuid="d5dd7f87-a617-463e-b577-17541e01f0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.13%E2%80%AFAM.png?VersionId=4R8TsFN3P_LrrXO2HswTOIrx2blil8lh" />

The project is seeking a concurrent rezoning of the site to R4 High Density Residential and an increase in the maximum building height to allow a tower reaching RL120, or up to 20 storeys. The proposal was progressed through the NSW Government's Housing Delivery Authority pathway.

The build-to-sell component will be weighted toward larger apartments, with just six one-bedroom apartments compared with 31 two-beds, 43 three-beds and eight four-bedroom residences.

The 19 affordable apartments will comprise two studios, 15 one-bedroom apartments and two two-bedroom apartments, taking the total apartment component to 107 residences before the 58 co-living rooms are included.

<img alt="Vnnies" data-entity-type="file" data-entity-uuid="7d568ca5-cb90-4e18-96c6-d9795dba0c56" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.10.05%E2%80%AFAM.png?VersionId=GY2R5M9VtQh0EKy1vajaea19PSLOPuRD" />

Wardle's design for the Vinnies site has sought to negotiate that emerging high-rise context while retaining the lower-scale character of MacKenzie Street and the adjoining heritage conservation area.

The main building adopts a three-storey podium and tower arrangement, with the podium aligned to the ridgeline and front setback of St Francis Xavier Church.&nbsp;Wardle has designed the podium with colonnades, seating, recessed entries and active ground-floor frontages, with sandstone-toned precast concrete and face brick referencing the materiality of the existing church.

The tower then steps back eight metres to the south and six metres to the north before rising in a sculpted form comprising four interlocking quadrants. Wardle has also introduced rounded forms and chamfered corners to reduce the tower's perceived bulk and improve view sharing with neighbouring development sites.

Resident facilities and outdoor areas are planned at the separation between the podium and tower at Level 3, oriented toward Sydney Harbour and the CBD skyline.

The tower itself will feature a glass reinforced concrete facade, with recessed balconies and deep reveals used both to provide shading and privacy and frame views toward the harbour and city. The lower levels take a different architectural approach, using brick and sandstone-toned finishes intended to establish a stronger relationship with St Francis Xavier Church. The Church itself will be conserved and upgraded for its continued use, while the former school building will be adaptively reused as part of the co-living component.

<img alt="Lavendar Bay" data-entity-type="file" data-entity-uuid="2d4418ad-90aa-4d49-af93-c80b140aea80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%209.09.47%E2%80%AFAM.png?VersionId=Kv4gzbsACaGvZSRuaqcfGC54jEJRXIDJ" />

&nbsp;

The proposal adds to an increasingly concentrated pipeline of residential development around Blue Street, MacKenzie Street and Lavender Bay.

Just west of the site, Central Element lodged plans earlier this year for one of the most significant residential developments proposed in Lavender Bay in recent years.

Central Element's SJB-designed scheme at 64-66 Lavender Street and 3-7 Middlemiss Street would deliver 163 apartments across two towers rising 23 and 32 storeys, replacing five existing apartment buildings containing 32 homes. The project also forms part of the Housing Delivery Authority pathway.

<a href="https://www.apartments.com.au/news/nsw/first-look-central-element-reveals-lavender-bay-apartment-plans?utm_source=chatgpt.com" rel="noopener" target="_blank">First look: Central Element reveals Lavender Bay apartment plans</a>

Immediately around North Sy​dney Station, another two significant proposals have emerged at 5 and 15 Blue Street.

Zurich Australian Insurance Properties is seeking to adaptively reuse its longstanding commercial building at 5 Blue Street, directly above North Sydney Station, rather than demolishing the structure.

Its SSDA proposes converting the building into a 14-storey mixed-use development with 62 apartments and 86 co-living rooms, together with ground-floor retail and a major refurbishment of Blue Street Plaza. The application is currently at the Response to Submissions stage.

<a href="https://www.apartments.com.au/news/nsw/first-look-zurich-targets-north-sydney-office-conversion-with-148-unit-proposal-above-metro-station">First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station</a>

&nbsp;

First look: Vinnies files for 20-storey Lavender Bay apartment tower as North Sydney housing pocket heats up

When the opportunity arose for South Australian developer Palumbo to return to Kent Town, where it had previously delivered East Park Apartments and the East 
Rundle Apartments, it wasn't one the longstanding developer-builder was going to pass up.

The decision was quickly vindicated, with more than 30 apartments sold within the first month of launching <a href="https://www.apartments.com.au/new-apartments/royal-apartments-kent-town-2-8-north-terrace-kent-town-sa-5067">Royal Apartments</a> to the market.

The 206-apartment development, which will bring significant new supply to Adelaide's tightly held eastern city fringe, also gives <a href="https://www.apartments.com.au/developers/palumbo">Palumbo</a> the opportunity to bring new life to one of Kent Town's most recognisable watering holes.

[smartcode_project:default project_id=6109 project_image_fid=376073]

Royal Apartments incorporates the historic Royal Hotel, a venue Palumbo Managing Director Daniel Palumbo said has a longstanding connection with the local community.

"Everyone in the area has history with the Royal Hotel," Palumbo told Apartments.com.au.

"It was quite an active pub and social gathering place for locals. We want to bring it back to its former glory."

[smartcode_project:default project_id=6109 project_image_fid=376072]

The wider development will comprise two residential towers alongside the restored hotel, sitting on North Terrace opposite the Adelaide Park Lands.

For Palumbo, the project also marks a return to familiar territory.

The developer completed East Park Apartments next door more than a decade ago and jumped at the opportunity to develop in Kent Town again when the Royal Hotel site became available.

"The opportunity emerged, and we moved to secure the site," Palumbo said.

"We were approached by the previous landowner, who said they had extensive commitments in Sydney and weren't in a position to deliver the project.

"We took over the site and within six months recut the design scheme to be more in keeping with the type of development we want to bring to Adelaide.

"Now we're on the market and those changes have really resonated with local buyers."

That has translated into a strong start to sales, with 33 apartments transacting in the project's first 35 days.

Palumbo said the early purchaser profile had been consistent with the group's traditional focus on owner-occupiers rather than investor-led apartment stock.

"Local owner-occupiers have always been our market," he said.

"There are always some investors, but we've never developed what would be called traditional development stock. Owner-occupiers are very much our market."

[smartcode_project:default project_id=6109 project_image_fid=376068]

The buyer mix has been diverse so far, with downsizers and younger professionals both accounting for a significant portion of early sales.

South Australia's current stamp duty settings, which allow&nbsp;eligible homeowners in South Australia aged 60 savings of up to $103,830 on stamp duty when they downsize to a new property valued at up to $2 million,&nbsp;have helped encourage downsizer activity, while younger buyers in their late 20s and early 30s have been attracted to the opportunity to live immediately outside the CBD while still being able to walk into the city.



Location has been a major part of the proposition for both buyer cohorts.

[smartcode_project:default project_id=6109 project_image_fid=376075]

Royal Apartments sits on North Terrace directly opposite the Adelaide Park Lands, with residents able to walk through the parklands toward the East End, Rundle Street and Rundle Mall.

Apartments have been positioned to capture views across the parklands, Adelaide skyline, Botanic Gardens and Adelaide Hills.

Palumbo believes the scarcity of developable land along this section of the Park Lands makes the site particularly difficult to replicate.

"There's very few allotments on that side that can be developed," he said.

"If this location was in New York and you were sitting on Central Park, you'd be talking about a $60 million apartments."

Royal Apartments will offer a broad mix of residences, ranging from one-bedroom apartments through to four-bedroom sub-penthouses and penthouses.

Current listings include one-bedroom apartments from $680,000, while larger three and four-bedroom residences are priced around $2.5 million.

Residents will have access to a swimming pool, gym, barbecue and recreation areas, residents' lounge and dining space, and a communal deck.

[smartcode_project:default project_id=6109 project_image_fid=376067]

The apartments will feature generous balconies, while secure parking, bicycle storage and storage cages will also be provided.

A porte-cochère-style arrival and drop-off area has also resonated with buyers, particularly those attracted to being able to walk into the CBD during the day while retaining secure vehicle access at home.

Palumbo is acting as developer, architect and builder on Royal Apartments, continuing the vertically integrated model it has used across its South Australian portfolio.

The group was also behind the $150 million Sofitel Adelaide, the 251-room five-star hotel and residential tower which opened in 2021.

Palumbo said Royal's launch had come at an interesting time for the broader Adelaide apartment market.

Buyer confidence had initially been impacted by uncertainty surrounding the Federal Budget and broader economic conditions, but Palumbo believes sentiment is beginning to improve against a backdrop of significant investment flowing into South Australia.

He pointed to increased activity across defence and resources, including Olympic Dam, as potential long-term drivers of the state's economy and housing market.

"Money is starting to flow into Adeliade, significant amounts as Adelaide bucks the trend of the rest of the country.," Palumbo said.

"There's a lot of activity in the economy over the next decade. I think more investment will come into this market."

Early works on Royal Apartments are expected to commence this year, with major construction activity and cranes anticipated on site from early next year.

[smartcode_project_cta:default project_id=6109]

Palumbo's return to Kent Town strikes early chord with buyers

Go-to builder-developer <a href="https://www.apartments.com.au/developers/graya">GRAYA</a> is continuing to bulk out its already impressive and diverse apartment portfolio across South East Queensland. Their latest milestone is securing development approval for Silk, its boutique riverfront apartment development in St Lucia.

The approval clears&nbsp;the way for the team to begin construction planning for the 22-residence project.

<a href="https://www.apartments.com.au/new-apartments/silk-st-lucia-16-18-sandford-street-st-lucia-qld-4067">Silk</a> will rise 15 levels from an 810 sqm site at 16-18 Sandford Street, occupying a prominent bend of the Brisbane River with a prized northern aspect across Orleigh Park toward the Brisbane CBD.

The approved scheme will comprise 16 split-floor and six full-floor residences, continuing GRAYA's move into larger-format apartment developments targeting Brisbane's prestige owner-occupier market.

The project has been designed around the site's broad river frontage and dual-direction views, with GRAYA prioritising larger residences, privacy and outlook over apartment yield.

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="aa5c2349-f96c-4914-a812-1f2cd6827af8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.44%E2%80%AFAM.png?VersionId=WY0vEU_7vYjeRJKQHiCwFdMxu8PvFh52" />

GRAYA Co-founder and Chief Executive Officer Rob Gray said the project had been shaped around local homeowners wanting to remain in St Lucia without maintaining a traditional family home.

"St Lucia is one of those suburbs people do not want to leave," Gray said.

"They know the river, the trees, UQ, the golf course, Toowong and Indooroopilly, and that familiarity is hard to replace.

"True riverfront opportunities here are exceptionally scarce. What we have designed at Silk is a way to stay in the suburb people love, with the scale and privacy of a private home and far less to maintain.

"This is not typical apartment product. It is a proper home on the river, and that is exactly what this market has been missing."

The approval comes as new apartment development continues to increase across the St Lucia and neighbouring Toowong corridor, although direct riverfront sites remain considerably more tightly held.

GRAYA Co-founder and Managing Director Andrew Gray said securing the approval had removed a significant element of development risk from Silk.

"Genuine riverfront sites of this quality in St Lucia are not something that comes up regularly," Gray said.

"The approval removes a substantial layer of execution risk, and the location underwrites demand in a way very few inner-city sites can.

"The fundamentals here are as strong as anything we have assessed in Brisbane."

<img alt="Silk St Lucia" data-entity-type="file" data-entity-uuid="d0f3d734-65e1-48e8-8ed3-2e0715ffcdd9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-26%20at%208.25.56%E2%80%AFAM.png?VersionId=sOLSs_jdHkXLWbBKzRyayf5BfTb2vPsD" />

Silk will see GRAYA return to a stretch of the Brisbane River where it already has recent construction experience. The vertically integrated group recently completed ARC in neighbouring Toowong as builder for developer Spyre, delivering the riverfront project on a constrained site.

GRAYA will take a different role at Silk, controlling the project from design and development through construction and aftercare under its vertically integrated model.

The development will include a gym and resident leisure areas at ground level, integrated with the river's edge.

Silk joins a growing pipeline for GRAYA across Brisbane and the Gold Coast, which includes Enclave, The Gallery, Coral and Ripple.

The developer-builder has also recently lodged plans for its largest project to date, <a href="https://www.apartments.com.au/new-apartments/the-silo-19-chester-street-newstead-qld-4006">The Silo</a>, a proposed <a href="https://www.apartments.com.au/news/qld/graya-buys-frasers-newstead-site-plans-the-silo-between-james-street-and-gasworks-precincts">$700 million mixed-use development</a> in Brisbane's James Street precinct.

Silk is expected to predominantly target local owner-occupiers and prestige buyers seeking a permanent riverfront home in Brisbane's inner west.

Registrations of interest are now open, with further details on the project and construction program to be released as it progresses.

<hr />
<h2>SILK PROJECT FACTS</h2>

Developer-builder: GRAYA

Project: Silk

Location: 16-18 Sandford Street, St Lucia

Apartments: 22

Built form: 15 levels

Site: 810 sqm riverfront holding

Mix: 16 split-floor and six full-floor residences

Status: Development approved

Next step: Construction planning underway

[smartcode_project_cta:default project_id=152168]

GRAYA greenlit for riverfront St Lucia apartment development, Silk

Surfers Paradise

<html><body>
Real-estate agent Nicole Carter will join the McGrath Surfers Paradise team.
She joins from RE/MAX in Robina.
With 13 years in the industry Carter has consistently ranking in the Top 30 of RE/MAX agents.
She was recently an inductee into their International Hall of Fame.
“Nicole has successfully immersed herself in her local area where she is an incredibly active resident but also is highly regarded in the wider community” said McGrath's state manager Justin Marsden.
“I am thrilled to welcome Nicole to spearhead our team.”
She recently sold 8 Horizon Place, Reedy Creek for $1,050,000; 6 Parkes Court for $855,000 in one day; and 14 Culgoora Crescent for $845,000.
Her prior prices sales included $1.66 million for 28 Culgoora Crescent, Reedy Creek.
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wdavis-8cCN98p7xp

McGrath Surfers Paradise welcomes Nicole Carter

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A land parcel at 18 Garfield Terrace, Surfers Paradise has been listed.
The 3,239 square metre holding already has development approval for 486 units over 56 levels.
Across the 486 units, 873 bedrooms may be constructed.
It comprises a total net selling area of 43,489 square metres.
<img src="https://www.urban.com.au/images/2019/8/5/Savills%20LUXE.JPG" alt="">
The land package is listed for $25 million.
Christopher Jones and Robert Dunne of Savills are marketing the property.
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j.ballantyne1990-6AQqhLzZaK

Surfers Paradise site with development approval listed for $25 million

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A one bedroom Surfers Paradise, Queensland mortgagee apartment has been sold for $440,000.
The one bedroom one bathroom property came with an asking price of $485,000 following an unsuccessful auction in April.
Andrew Turner of PRD Nationwide marketed the listing.
Situated at <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-130694270" target="_blank">16/1 The Esplanade</a>, the unit is positioned right on the beach with sweeping views.
Set on 79 sqm, the abode is located on the 6th floor and comes with a parking space.
The North facing apartment was last traded for $127,000 in 1998.
Built in 1973, this unit has been listed three other times since its 1998 purchase.
All three times it was listed with an asking price of $575,000. 
It was first listed in 2011, then for just under a year from late 2011 to late 2012. The last time it was listed was for two months starting December 2013.
<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>
The median price for a home in <a href="/news">Surfers Paradise</a> is $1.27 million, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.6%.
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Mortgagee offloads much listed Surfers Paradise apartment

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The Gold Coast's first penthouse has been sold at auction.
Six bidders competed for the <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-131241542" target="_blank">four-bedroom apartment</a> in Surfers Paradise’s heritage listed Kinkabool building.
The 10-storey Hanlan Street building was described as a “giant” when it was built in 1960.
<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/2019/6/28/surfers%201.jpg" alt="">
The four bedroom skyhome fetched $450,000 under the hammer last Saturday.
The Kinkabool building has recently had a makeover.
Surfers Paradise First National agent Bob Rollington told the Gold Coast Bulletin the Queensland Heritage Register lists the building as a place of significance because it was the beginning of residential towers on the Coast.
“Built in 1959-1960 at Surfers Paradise, the home-unit building known as Kinkabool was the Gold Coast’s first high-rise and one of Queensland’s earliest, built shortly after Torbreck was completed in Brisbane in 1960,” the description reads.
The report said the building was the starting point for developments of its type, which kicked off tourism in Queensland and gave the Gold Coast an international reputation.
“Kinkabool also illustrates a significant aspect of the evolving character of the quintessential Australian beach holiday,” the site stated. 
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Historic Kinkabool penthouse at Surfers Paradise sold

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<div>Adelaide hoteliers Peter and Jenny Hurley, who had a $4.75 million price tag on their Surfers Paradise holiday home, have accepted $3.55 million.</div>
The home on the <a href="https://www.realestate.com.au/sold/property-house-qld-paradise+waters-129089842" target="_blank">Commodore Drive dress circle</a> cost the couple $4 million in 2003 when they bought it from freight tycoon Clive Thomas and wife Lee.
The Thomas' built the European-inspired home with domed ceiling a year earlier.
It had sold at $4 million in 2003.
It has four bedrooms, a formal lounge with wet bar and an entertaining area with infinity edge pool overlooking the Main River.
Kollosche Prestige agents Michael Kollosche and Duncan Longmore had the listing.
Peter, a long-time Adelaide Crows board member until a few years ago, established the Hurley Hotel group over four decades ago, buying the Wudinna Hotel in 1975.
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Hoteliers sell Surfers Paradise holiday home for loss

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A Surfers Paradise resident letting agent and his business have been fined $65,000 for failing their legal obligations following an Queensland Office of Fair Trading (OFT) investigation.
Gary Anthony Wyeth, licensed resident letting agent of Wyeth Management Services Pty Ltd, pleaded guilty to one count of providing falsified documents and one count of failing to pay trust money under the Property Occupants Act 2014 in the Southport Magistrates Court on 13 May 2019.
Mr Wyeth and Wyeth Management Services were conjointly charged and ordered to pay $65,000 in fines. Convictions were recorded.
In April 2018, the OFT appointed receivers over the trust property portfolio of Wyeth Management Services.
The court heard Mr Wyeth provided falsified statements to one of his unit owner clients in an attempt to cover up a misappropriation of funds, totalling $3,740.
In March 2018, the letting agent knowingly handed over documents that contained 33 months’ worth of misleading information to OFT inspectors in an effort to hide his dealings.
The court further heard that in September 2018, receivers provided the OFT with a summary of 18 unit owners who had incurred a combined rental shortfall of $81,501.09. In addition, the Wyeth Management Services trust account only held $9,760.80, a shortfall of $71,740.29 which was subsequently the subject of a number of OFT claim fund claims.
The claim fund was set up to assist people who are out of pocket because an agent has failed to properly account for money held in trust.
In sentencing Magistrate Sinclair noted that the agent had engaged in a protracted and deliberate course of dishonest conduct.
Fair Trading Acting Executive Director Craig Turner said Mr Wyeth showed a lack of respect to the industry by failing to uphold his position of trust as a property agent.
“Any misappropriation of trust money or the production of falsified accounts will not be tolerated and will result in strong enforcement action by the OFT,” Mr Turner said.
“Actions like these undermine the image of the majority of agents who work ethically within the industry.”
Anyone who believes a resident letting agent may have misappropriated trust money is encouraged to lodge a complaint to the OFT at <a href="http://www.qld.gov.au/fairtrading."></a><a href="http://www.qld.gov.au/fairtrading" target="_blank">www.qld.gov.au/fairtrading</a>.
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Surfers Paradise misappropriation of rental funds triggers $65,000 fine for Wyeth Management Services

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Philanthropists Arvid Petersen, chairman of Petersen Group and former NSW Rugby Union chairman, and wife Karen have listed their Palm Beach weekender.
The two level Sunrise Road homes comes with expectations of $4.8 million to $5.2 million through David Edwards and Danielle Forde at LH Hooker.
They are marketing its as a "low maintenance zinc clad architectural masterpiece, set east, north-east perched over the beach".
It was last traded in 1999 at $2.05 million. 
Petersen spent many years with Pepsi Cola, coming to Australia from Canada in 1989 as its founding managing director.
He now leads an investment company focussing on private equity investments in education and hospitality. 
It was listed five years ago with $5.2 million plus hopes.
Designed by architect Greg Crone, who sold it new, architect Tim Moon refurbished it substantially two years ago. 
Sunrise Road's other listing is by Vicki Jones, the former Nine Network programming executive.
It was designed by Gerald Nettleton as his own holiday home before he sold it to Jones for $1,326,000 in 1997.
Set on 815 square metres, the three bedroom home with solid timber beams has full length decks on both levels, one featuring an in-ground spa. 
This article first appeared in The Sunday Telegraph.
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Arvid Petersen and wife Karen listing Palm Beach weekender again

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The departing Gold Coast politician Steve Ciobo, the Liberal Party Gold Coast member, and wife Astra, have very quietly sold their Gold Coast home.
The couple's Surfers Paradise property fetched $3.02 million, well up from the $2.06 million paid in 2015.
The Mediterranean inspired entertainer on a 1,185 square metre Isle of Capri parcel fronts the Main River.
There's no sign of buying back, but the Ciobo's retain a Hope Island apartment.
When asked, his office advised Ciobo doesn't wish to comment.
"He is staying living in the electorate," they assured.
Ciobo served as the minister for trade, tourism and investment in the Turnbull Government from February 2016 <a href="https://en.wikipedia.org/wiki/Steven_Ciobo#cite_note-1"></a>until August 2018 in the wake of the Liberal Party leadership spill. He was then Minister for Defence Industry until March 2019.
The house was architecturally designed in 2001 for a large family and has six bedrooms, four bathrooms and an open study across its 675 square metre living space.
A Balinese thatched barbecue pavilion overlooking the sheltered swimming pool sit in the grounds.
This article was first published in the Weekend Australian. 
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Retiring former Liberal Minister Steve Ciobo sells Gold Coast home

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A one bedroom Surfers Paradise, Qld apartment has been listed for mortgagee sale.
The one bedroom one bathroom property comes with an asking price of $485,000.
Andrew Turner of PRD Nationwide holds the listing.
Situated at <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-130694270" target="_blank">16/1 The Esplanade</a>, the unit is positioned right on the beach with sweeping views.
Set on 79 sqm, the abode is located on the 6th floor and comes with a parking space.
The North facing apartment was last traded for $127,000 in 1998.
Built in 1973, this unit has been listed three times since its 1998 purchase.
All three times it was listed with an asking price of $575,000. 
It was first listed in 2011, then for just under a year from late 2011 to late 2012. The last time it was listed was for two months starting December 2013.
<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>
The median price for a home in <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a> is $1.15 million, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.4%.
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One bedroom Surfers Paradise mortgagee unit listed for $485,000

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Queensland entrepreneur Tony Quinn, who made his money from the Pet Foods empire he founded with wife Christine, has spent $7,975,000 on a luxury Gold Coast waterfront.

It's on the dress circle Admiralty Drive at Surfers Paradise, fronting the Broadwater.

The sprawling five bedroom home on 1,350 square metre was the only home in Australia designed by American architect Edward Larrabee Barnes.

It was originally built for the Matsushita family, who were behind the Panasonic Electronics empire.

The home, complete with 12 metre indoor saltwater swimming pool, waterside boathouse and seven seat home cinema, was sold by Tony Burnett and wife Toni Ferguson, whose TB’s Hotels business own a number of pubs across Queensland.

They paid $6,725,000 in 2011.

The home was initially listed at $10.95 million in mid 2017.

The Quinn's also recently spent $5.6 million on an apartment in the new Main Beach complex Sea, designed by architect Bayden Goddard.

This article was first published in the Weekend Australian.  

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