The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

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Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

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While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

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Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

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Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

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Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

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While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

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The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

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Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

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Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

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A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

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A grand art deco apartment in the landmark 1920s Berkeley Court block at Bondi Beach, once a renowned illegal gambling den, has been listed for sale.
The restaurant was the home to the so-called 'Berkeley Club' during the Second World War, where officially people could play cards and order a sandwich.
However, unofficially, customers could place large bets on horse races and it was considered one of the most popular illegal betting houses in the eastern suburbs.
Crime author Vic Darminian penned a description of the 'Berkeley Club'.
“The room had been set up in a similar style to the lounge at the Bondi Hotel, with comfortable contemporary furniture, a service bar near the kitchen, and a long bench-style table at the back of the room which could easily accommodate three booking clerks," he said.
"A blackboard extended the length of the table on the wall behind it where details for race meetings Australia-wide could be displayed.
"A bank of phones in one corner completed the set up.”
It was ran by bookmaker Jack 'Mo' Reynolds and employed gunman Kevin Gore to 'look after the card games'.
In 1965 Reynolds was fined for having a revolver in his possession and told the arresting police that he had found it at the Berkeley Club and “it went off and wounded me in the chest”. 
Built by the Reynolds family, Berkeley Court operated as luxury holiday flats during the late 1920s and 1930s.
The Gerakiteys family, who transformed the restaurant into three apartments 51 years ago, have listed the three bedroom apartment for the first time.
The 94 square metre apartment is the largest residence in the recently refurbished period building.
Raine &amp; Horne agent Ric Serrao has a March 25 auction date.
This article first appeared in The Sunday Telegraph.
 
 
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Notorious former Bondi Beach gambling den listed

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Veteran TV presenter Mike Willesee senior has secured the pre-auction sale of his Bondi Beach garden apartment.
He had around $2 million hopes for the<a href="https://www.propertyobserver.com.au/https://www.lsbondibeach.com.au/residential-for-sale/0000328025" target="_blank"> two bedroom, two bathroom unit</a> that was bought for $1,575,000 in 2011.
In 2014 it had been a rental at $1,450 a week.
The 200 sq m apartment with indoor and outdoor living space features a combination of exposed concrete, stone and timber.
<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/2017/03/22/WILLISEE%202.jpg" alt="" width="330" height="233">
Laing+Simmons agent Danny Doff secured the sale for Willesee, who came to prominence in 1967 as a report for the ABC, was most famous for hosting A Current Affair. 
Willesee has become part of clinical trial as he battles a deadly cancer discovered in his throat last year, being treated with the revolutionary drug Keytrudo, iin combination with more traditional chemotherapy.
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Veteran TV presenter Mike Willesee senior sells at Bondi Beach

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Former Austrian tennis champion Thomas Muster has scored $5.5 million for his modern Noosa Heads riverfront property.
Muster's ex wife Jo Beth Taylor and son Christian had been living in the home, according to the Courier Mail.
It had been listed at $5.9 million after Muster had spent $6.6 million on adjoining riverfront homes on the same road in 2015.
He bought the 612 sqm site in 2013 for $2.8 million before the <a href="https://www.realestate.com.au/sold/property-house-qld-noosa+heads-122755794" target="_blank">three bedroom Tim Ditchfield designed home</a> was completed in 2014.
A swimming pool and heated spa take advantage of the river views.
Tom Offerman at Tom Offerman Real Estate sold the home.
Muster first bought into Noosa in 1994 when he paid $1 million for Cintamani, a 35-hectare hinterland property.
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Austrian tennis champ Thomas Muster sells in Noosa

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The NSW north coast Cabarita Beach holiday home of swimming great Susie O’Neill and her doctor husband Cliff Fairley was passed in at weekend auction, but sold soon after for $3 million to a Singapore-based expat.
The Olympic gold medallist bought the <a href="https://www.realestate.com.au/property-house-nsw-cabarita+beach-124667610" target="_blank">two-storey, four-bedroom beachfront</a> house in 2003 for $2.3 million.
The house has been earning around $25,000 annually as a holiday rental, with Christmas rentals securing around $3200 a week, while off season sits at $1700 a week. 
It would achieve $700 to $750 per week on a permanent rental basis. 
Lorna Savage and Brent Savage of LS Properties had the Cypress Crescent offering having secured $2.95 million early last year for a modern home not far away.
"The astute purchaser may choose to maintain this bit of 'Caba history' and hold onto their fabulous investment as is, or build their architectural dream home to sit comfortably among the existing residences. 
"They will enjoy it for years to come," Savage said. 
The world award-winning, boutique hotel Halcyon House is just a few homes down.
“We preferred the quiet lifestyle and village feel that Cabarita provides,” said O'Neill, who was known by the moniker Madame Butterfly.
“We had closely watched the tightly-held street of Cypress Crescent and after many years had an opportunity to buy in 2003.
“When the kids were young we would spend a lot of long weekends there and most of our holidays enjoying the beach lifestyle, nippers and surfing.”
Swimming’s golden girl and mother of two said it was an intentional move not to buy a holiday house with a pool - with the location just metres from the sand.
The 607 square metre property has a wide veranda overlooking the beach as well as a modern kitchen, two bathrooms and wooden floors.
O’Neill said the decision to sell was a difficult one for her family, but with a busy growing family and many sporting and extra curricular commitments in Brisbane, they were not using the house much.
“It’s time for another family to get the same enjoyment," she said.
The buyer had recently holidayed at the nearby Horizons motel on the strip. 
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Golden girl Suzie O'Neill basks in Cabarita Beach sale

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Manly Sea Eagles rising star Tom Trbojevic has dipped into his new $2.7 million contract by buying up a property on the Manly peninsula.
He has spent $895,000 on a Manly Vale garden apartment.
It's an investment property for the 20 year old fullback, who has quickly found a tenant at $760 a week, reflecting a 4% plus yield.
The two bedroom apartment is seven years old with a partially covered courtyard and a separate enclosed private garden.
Andrew Lutze and Sam Raso at Cunningham's secured the sale.
It had previously sold at $565,000 in 2009.
It's Tom's first property purchase, joining brother and fellow Sea Eagle Jake on the Sydney property ladder.
Jake, two years older than Tom, already has two apartments to his name, kicking off with a two bedroom Narrabeen apartment that cost $680,000 in 2014.
It's been an investment rental and with a $630 a week tenant, it has been giving a slightly higher yield than Tom's.
Jake's most recent purchase, a one bedroom apartment in Brookvale, was bought for $590,000 last July, a few months before signing his new contract through to 2020. 
The brothers are expected to play a key part in Trent Barratt's side's attempts to secure a finals place this year after a disappointing 2016.
Captain Daly Cherry-Evans leads the way in the property market.
He has a four bedroom home in Curl Curl that he paid $1,355,000 for in 2014.
There's also a $500,000 one bedder in Freshwater and a $1.45 million property on Mermaid Beach in Queensland, which was last listed as a $1,300 a week rental.
Coach Trent Barrett and wife Kylie bought for $2.41 million at Freshwater in the Manly heartland in late 2015, having sold for $2.4 million at Barrack Point near Wollongong.
There's no sign of a purchase from fellow Manly brothers Darcy and Joey Lussick yet, who may be the next Sea Eagles to look out for on the property radar.
 
 
 
 
 
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Sea Eagle Tom Trbojevic scores Manly investment

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The former long-time lieutenant of Richard Branson, David Baxby and his wife Selina have sold their Coogee beachside manor.
The former co-CEO of the Virgin Group paid $3.6 million for the <a href="https://www.realestate.com.au/property-house-nsw-coogee-124764870" target="_blank">1905 Federation</a> upon his late 2015 return to Australia from Geneva.
There were three interested parties at the tough auction crowd which sought to open the bidding at less than its prior sale price.
Agent Clint Ballard placed a $4 million vendor bid at its Saturday auction, which was then bettered by $10,000. Negotiations continued after the small crowd dispersed.      
The five bedroom family home comes with plans by architect Alex Roth prepared for the Baxby's who own nearby.
Baxby had previously been an investment banker at Goldman Sachs who moved to London and then found himself with Virgin as a client.
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Richard Branson's former offsider David Baxby sells in Coogee

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Aussie John Symond has secured around $13.3 million for his Point Piper penthouse, and likely to be closer to $13.5 million
The sale by Bill Malouf, of LJ Hooker Double Bay was secured on Monday morning.
<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/2017/03/14/Point%20Piper-2.jpg" alt="">
The two-storey penthouse is in a block of four apartments near his unsold Point Piper mansion which has now been withdrawn from sale despite securing $100 million plus buyer interest.
There have been renovations at the <a href="https://www.realestate.com.au/sold/property-apartment-nsw-point+piper-123855782" target="_blank">Point Piper penthouse</a> since Symond bought the apartment in 2010 for $8.16 million from jailed fraudster Nati Stoliar.
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Aussie John sells Point Piper penthouse for more than $13.3 million

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An apartment in a 1930s Potts Point building has been listed for sale.
The Rockwall Crescent apartment was bought off the plan with a mid-2016 completion date.
It is 107 sqm over two levels with a balcony off the main living areas and second roof top terrace with skyline view. 
The open plan living area has herringbone timber floors and a chef’s kitchen with a culinary island and concealed cooking appliance wall.  
The agents are quoting $1.7 million to $1.8 million for the apartment of Lynn Malone and Donna Eiby
Lynn Malone, interior designer and publicist, and Donna Eiby, a creative director at 4IR.org have listed their Potts Point apartment for sale as Malone intends to move to Queensland to become an estate agent.
The apartment is situated on the top level of the pet friendly, low-rise apartment building.
There are nine residential units with one ground level commercial lot that is occupied by ABC Restaurant.  
<div>There has been one resale since the building completion when apartment 6 sold in mid-2016 for $1.78 million through Laing Real Estate.  </div>
Located at <a href="https://www.realestate.com.au/property-apartment-nsw-potts+point-124914630" target="_blank">4/22 Rockwall Crescent</a>, the two level property has an open plan living area featuring herringbone timber floors, custom wall-to-wall joinery and on-site parking.
There is also a lounge seating area that connects to an outdoor balcony featuring a three metre high vertical greenwall.
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Upstairs is the bedroom with a triple walkin-in wardrobes along with sky-lit ensuite and vaulted ceilings.
The rooftop garden terrace opens via French doors and offers views of the Sydney skyline.
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1930s Potts Point apartment listed for sale

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Melbourne developer Michael Yates has sold his five-bedroom South Yarra mansion after five months.
It has reportedly fetched around $11 million, less than the "$12 million-plus" price tag at which the house was marketed last September.
He had originally tried to sell the Walsh Street home off-market with hopes of $15 million.
Yates's 1930s home sits on an 800-square-metre site near the Botanic Gardens.
The house was sold by Gerald Delany and Andrew Baines of Kay and Burton, just days after Yates had commissioned rival agency Marshall White to take the house to late March auction.
Yates paid $1.73 million in 1997 for the house that was renovated by the late interior designer Stuart Rattle.
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Developer Michael Yates sells South Yarra mansion for $11 million

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Former ANZ banker Steve Bellotti has sold his Mosman mansion for reportedly more than $10 million.
Concluding a three-year sales campaign, the result falls short of Bellotti’s initial $13 million hopes.
It was listed following his purchase eight doors away for $9.5 million.
The<a href="https://www.domain.com.au/32-iluka-road-mosman-nsw-2088-2012995119" target="_blank"> Iluka Road</a> home came with a revised guide of between $10 million and $11 million through McGrath agent Michael Coombs.
Bellotti paid $9 million in 2010 for the 1150-square-metre property overlooking Taylors Bay which was designed by architects Gartner Trovato in 2009.
Bellotti resigned as global head of markets for ANZ in late 2015.
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