International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.

Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.

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[smartcode_project:default project_id=106566 project_image_fid=185858]

The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

[smartcode_project:default project_id=106566 project_image_fid=362500]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

&nbsp;

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

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“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”

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[smartcode_project:default project_id=106566 project_image_fid=185861]

SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.

[smartcode_project:default project_id=106566 project_image_fid=185852]

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.

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Joel Robinson

Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

<a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> has announced a partnership with Eden Brae Homes to deliver custom-designed homes at Lovedale Farm, the landmark masterplanned golf estate taking shape in the Hunter Valley wine region.

The partnership brings together two highly experienced businesses with a strong track record in quality, delivery and creating well-established neighbourhoods, and marks an important milestone in the next stage of delivery at <a href="https://www.apartments.com.au/new-townhouses/lovedale-farm-1054-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a>.

As part of the collaboration, Eden Brae Homes has constructed the Lovedale Farm display home, which will officially open to the public on Saturday 21 March.

[smartcode_project:default project_id=14476 project_image_fid=362418]

The near-300 sqm display home, with four bedrooms and four bathrooms, is one of a collection of homes custom designed specifically for the project. It features a generous master suite with impressive three-metre ceilings, dedicated golf buggy parking, and a farmhouse kitchen complete with a butler’s pantry. Premium upgrades that further enhance the home include an outdoor kitchen, walk-in wine display and gas fireplace.

Pricing for homes at Lovedale Farm starts from $1.14 million for a 255 sqm, four-bed home with rumpus and double-garage on a 504 sqm lot.

The opening will give off-the-plan buyers, future residents and the broader community the opportunity to step inside the home, experience the design and finishes firsthand, and learn more about the homes and land now available at Lovedale Farm.

[smartcode_project:default project_id=14476 project_image_fid=362426]

Jim Hunter, Managing Director of Capital Corporation, said the partnership builds on a strong history of successful collaboration between the two groups.

“This is not our first collaboration. Capital Corporation has partnered with Eden Brae Homes across several successful communities, including Fairway Views and Fairway Gardens neighbourhoods at Kellyville,” Hunter said.

“Lovedale Farm represents a continuation of that proven partnership, underpinned by a shared focus on quality, delivery and creating places people are proud to call home. We are pleased to be bringing that experience to the Hunter Valley.”

[smartcode_project:default project_id=14476 project_image_fid=334205]

Arthur Ilias, General Managing Director of Eden Brae Homes, said the Lovedale Farm display home showcases the lifestyle and craftsmanship buyers can expect and marks an exciting new chapter for the project.

“Lovedale Farm presents a rare opportunity to create homes that are custom designed for their setting, with refined layouts, quality inclusions and a strong connection to the way people want to live in the Hunter Valley,” Ilias said.

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Capital Corporation partners with Eden Brae Homes to offer custom-designed homes at Lovedale Farm

Aqualand Group’s new investment and development platform, Aqualand Prestige, has secured its first successful end-to-end equity investment, partnering with real estate investment group, Phoenix Property Investors (Phoenix), to deliver its new Roseville residential development.

The joint venture represents a significant milestone for Aqualand Prestige, leveraging off the group’s broader project pipeline, delivery capability and vertically integrated operating model.The transaction also marks the continuation of Phoenix Property Investors’ long-term strategy investing with capable partners to deliver high quality residential projects in Sydney and Melbourne.

Phoenix Property Investors is an established real estate asset manager with a long track record of investments across developed Asia markets including, Japan, Hong Kong, Korea and Australia, for, and on behalf of, its clients, partnering with leading local developers on residential, commercial, hotel and mixed-use projects in major metropolitan markets.&nbsp;

The Roseville project at 2-4 Larkin Street will&nbsp;comprise a part-nine, part-10-storey development with around 111 apartments. Development approval is anticipated for late March, with sales to commence later in the year.

Jin Lin, Managing Director of Aqualand Group, said the joint venture marks a defining moment for the group’s new investment delivery platform.&nbsp;

“Securing our first end-to-end equity investment under the Aqualand Prestige brand is a major milestone and a strong endorsement of the platform we’ve built," Lin says.

"It provides capital partners with the opportunity to directly leverage Aqualand’s broader development expertise, construction capability and proven track record of delivery, while allowing us to deliver smaller scale residential projects with the same level of design excellence and certainty that has defined Aqualand over the past decade.”

Trent Winduss, Partner and Head of Australia at Phoenix Property Investors, said the partnership with Aqualand on the Roseville project represents a substantial investment for Phoenix’s Australian platform.&nbsp;

“We’re excited to partner with Aqualand Prestige. The Roseville development builds on Phoenix’s strategy of aligning with best-in-class development partners to deliver high-quality, design-led residential outcomes in tightly held locations.&nbsp;

“Aqualand’s depth of experience, vertically integrated delivery model and strong record of delivering complex, high-quality residential developments made them a natural partner for us."

The Roseville project marks Aqualand Prestige’s first in a growing pipeline of medium-scale luxury residential developments across Sydney. They have two sites, on Archer Street in Chatswood and Pockley Avenue in Roseville, for future developments. In 2024 they completed AURA by Aqualand, one of the most expensive developments ever to be completed in North Sydney.

The Roseville project at 2-4 Larkin Street will comprise a part-nine, part-10-storey development with around 111 apartments



Aqualand Prestige partners with Phoenix Property Investors for new Roseville apartment development

<a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a> has long been considered one of the North Shore’s most well-connected and amenity-rich neighbourhoods, sought after by those who want both abundant retail and convenient transport links on their doorstep.

International developer&nbsp;<a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, who has delivered new apartment projects across New South Wales and Queensland over recent years, has teamed up with&nbsp;<a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a>, a Chinese developer with four decades of experience, to deliver The Anderson, just over 80 family-sized apartments near the Chatswood Interchange.

&nbsp;

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<a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> offers a diverse range of apartment configurations, from one to four-bedrooms, including two 200 sqm double-storey penthouses. The tower, by AJC Architects, has been designed to intergenerational families and downsizers.

The apartments at The Anderson feature open-plan living areas that flow onto generous balconies, designed to capture natural light and expansive, never-to-be-built-out views toward Chatswood’s heritage precinct, with ocean glimpses from upper levels.

Interiors are defined by a restrained palette, premium fixtures and gallery-inspired wardrobe spaces, reflecting AJC’s considered approach to residential design.

[smartcode_project:default project_id=151353 project_image_fid=353258]

Positioned within walking distance of Chatswood Plaza, Westfield, The Concourse and the Chatswood Interchange, the development places daily convenience, dining, and culture at residents’ fingertips.&nbsp;

The joint venture partners will be brining further amenity to its residents, with street-level retail planned for the base of the tower.

Chatswood has been one of the most popular suburbs for new apartment buyers with the newly expanded Metro service across NSW taking Chatswood residents to Martin Place in just 11 minutes. Chatswood station is just a seven-minute walk from The Anderson.

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Changfa and Huirong launch The Anderson in Chatswood amid renewed demand for North Shore apartments

Construction is now underway at <a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a> in Carrara, with all stages fully funded as <a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> progresses its 59-residence gated community on an elevated ridgeline overlooking 100 hectares of natural savanna.

The commencement marks a key milestone for the Gold Coast project, designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a> and being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, at a time when buyers are placing greater emphasis on delivery certainty and builder track record.

With Devcon active in South East Queensland since 1993 and having delivered more than 1,000 homes, the team is positioning Cumulus as a fully financed, under-construction offering in a market where risk mitigation has become a central consideration for off-the-plan purchasers.

[smartcode_project:default project_id=135663 project_image_fid=360496]

Located at 17 Baltimore Court, Cumulus Grand Villas comprises 59 three- and four-bedroom villas across four collections, Skyline, Canopy, Savanna and Broadview. Pricing starts from $1,455,000, with completion of the first stage targeted for Q4 2026.

Across the four collections, each design represents an expansive and thoughtfully considered offering. The Broadview provides additional flexibility within its floorplan, incorporating a multipurpose room or optional additional bedroom, and is priced from $1,895,000.&nbsp;

Configured across two levels, the four-bedroom villas feature two master bedrooms with private ensuites, as well as a multipurpose room (MPR), supporting intergenerational living, guest accommodation, or the creation of a dedicated retreat space.&nbsp;

[smartcode_project:default project_id=135663 project_image_fid=360497]

The main living areas are positioned on the ground floor, while the bedrooms are located upstairs, a configuration that promotes both family separation and connected living. All villas include a second master suite on the ground floor, reinforcing the project’s focus on flexibility and long-term adaptability.

That adaptability was central to BDA Architecture’s design approach. The team sought to create a sophisticated, low-maintenance product that makes the most of the site’s elevation and outlook while responding to evolving household needs. Expansive glazing, open-plan interiors and private outdoor areas draw in natural light and frame views towards the savanna, hinterland and Broadbeach skyline.

[smartcode_project:default project_id=135663 project_image_fid=360470]

VentureCrowd Director of Property David Whitting said the project responds to a growing group of buyers reassessing what premium living on the Gold Coast looks like.

Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors. The inclusion of dual master suites in the Broadview design, along with options for a downstairs MPR or guest bedroom, allows homes to adapt as family dynamics shift, whether accommodating older parents, adult children, or extended stays.

Across the community, villas are specified with European appliances and premium fixtures and fittings, alongside double garages and landscaped private areas. The gated enclave includes number plate recognition entry, reinforcing a focus on security and exclusivity.

[smartcode_project:default project_id=135663 project_image_fid=360474]

Lifestyle amenity is anchored by the Infinity Terrace, an elevated communal space incorporating a 20m heated pool, alfresco zones and barbecue facilities, designed as a shared retreat within the neighbourhood. A two-acre private nature reserve with walking trails and rehabilitated bushland further integrates the development with its savanna-edge setting, reflecting a broader masterplan initiative to restore native vegetation and habitat corridors.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a>’s positioning continues to attract attention from prestige buyers seeking proximity to the coast without beachfront pricing. The suburb offers access to major retail centres including Pacific Fair and Robina Town Centre, is around 15 minutes from Broadbeach, and benefits from connectivity via the M1 to Brisbane and the Gold Coast Airport.

[smartcode_project_cta:default project_id=135663]

VentureCrowd’s Cumulus Grand Villas in Carrara advances with construction underway

Ascot Vale

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Sydney and Melbourne’s auction results maintained their holding pattern at the weekend.
Sydney recorded a preliminary clearance rate of 65.9 per cent on Saturday, after 470 auctions and 310 reported results. There were 69 properties withdrawn from auction.
Melbourne's preliminary clearance rate was 62.2 per cent after 373 auctions and 235 reported results. There were 40 homes withdrawn from auction – including properties that had been listed in the renewed coronavirus hot spots.
<img src="https://www.urban.com.au/images/2020/7/6/CL%20JULY%207.JPG" alt="">
But the historic Ascot Vale home, Bolinda sold posted auction for $3.1 million.
It was Melbourne's top weekend result, pushing a $2,275,000 Brighton East sale into second place.
Bolinda had been listed initially with expectations between $3.7 million and $3.95 million in April.
But this expectation was reduced in May to $3.3 million to $3.5 million.
The historic Ascot Vale manor has had just three owners since it was built 136 years ago.
The four-bedroom home at <a href="https://www.realestate.com.au/property-house-vic-ascot+vale-133328186" target="_blank">43 Kent Street</a> last traded 57 years ago.
The Italian Renaissance style house is in need of some renovation.
It was owned for nearly six decades after being built for the McClelland family in 1884.
The family set up an artists’ group and later built the McClelland Sculpture Park and Gallery in Langwarrin.
Sydney's top sale was $4.63 million in Mosman. Six of the 14 registered parties bid for the four-bedroom house at 12 Windward Avenue that was for sale for the first time in six decades. 
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CoreLogic reported volumes were down week on week across the combined capital cities, with a total of 1,185 homes scheduled for auction. 
The lower activity which we have historically noted over school holiday periods, returned a preliminary clearance rate of 65 percent. 
This was higher than last week preliminary figure of 64.5% across a higher 1,485 auctions, which later revised down to 60.6% at final collection. 
Looking at results from the first week of July last year, a lower 953 homes were taken to auction with a success rate of 64% according to final figures.
Across Australia’s two largest auction markets, the lower activity across both cities saw the clearance rate improve.
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Across the smaller cities, Canberra continues to outperform in terms of success rate across the capital city markets with an 81.6% preliminary clearance rate this week. 
However this was down slightly on the final clearance rate last week with 84.4% of homes successful at auction across Canberra. 
Perth, where only a small proportion of properties are auctioned, continues to return one of the lowest clearance rates across the capital cities with only 22% of auctions clearing this week.
Ray White Group booked a preliminary clearance rate of 61 per cent on a week when the leading auction house had a reported auction market share of 31 per cent.
The average registered bidder number sat at four.
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j.ballantyne1990-6AQqhLzZaK

$3.1 million weekend sale in lockdown suburb Ascot Vale

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Bolinda at Ascot Vale, which has a long history in the arts, had been listed with expectations between $3.7 million and $3.95 million.
It is now seeking just $3.3 million - $3.5 million as their original price hopes were reduced.
The historic Ascot Vale manor has had just three owners since it was built 136 years ago.
The four-bedroom home at <a href="https://www.realestate.com.au/property-house-vic-ascot+vale-133328186" target="_blank">43 Kent Street</a> last traded 57 years ago.
The Italian Renaissance style house is in need of some renovation.
It was owned for nearly six decades after being built for the McClelland family in 1884.
The family set up an artists’ group and later built the McClelland Sculpture Park and Gallery in Langwarrin.
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Bolinda, Ascot Vale listing reduced from $3.95 million hopes

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A ground floor retail investment in Ascot Vale, Victoria has been sold for $935,000 to a local investor. 
The 131 square metre property at 202 Union Road, Ascot Vale has been leased to Flemington Financial Services Ltd T/A Bendigo Bank.
It returns $45,395 per annum plus GST on a four plus four year lease term, equating to a yield of 4.86% and building rate of $7,137 per square metre.
The property features an open plan reception/office layout, two partitioned offices, ducted heating and cooling, staff amenities and kitchenette.
It was sold by Craig McKellar of CVA.
It has 6 metre frontage to Union Road and rear access via The Parade.
Union Road is located under 5 kilometres from Melbourne CBD and is supported by an array of retail shops, cafes, restaurants and offices and is serviced by tram.
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Ascot Vale ground floor retail investment sold for $935,000 

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A local builder has spent $2.7 million in a post-auction deal on a rundown 1890s Ascot Vale stable complex.
Goodwood, at<a href="https://www.realestate.com.au/sold/property-house-vic-ascot+vale-127856114" target="_blank"> 42 Myross Avenue</a>, was once home to late harness-racing trainer and driver William “Bill” Davin for 60 years.
The property was quoted at $2.5 million to $3 million price guidance.
It sold to John Paul Kavanagh, and his wife Erin, who were reportedly the only ones to raise their hands at the auction of the 1336 square metre block on Whiskey Hill.
It comprised an original heritage-listed home and nine stables.
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The delipidated home overlooks large lawns and nine stables.
A string of harness-racing champions were housed in the stables, including eight Hunter Cup winners and three-time winner of “the Melbourne Cup of harness-racing”, the Inter Dominion, Our Sir Vancelot.
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Nelson Alexander Ascot Vale’s Michael Keogh secured the sale.<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/2018/4/18/ascot%20vale%204.jpg" alt="">
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Bill Davin's rundown 1890s Ascot Vale stable complex sold

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A local developer has snapped up a development site for $3.33 million in Melbourne's Ascot Vale in a private sale through Savills Australia. 
The <a href="https://www.realestate.com.au/property-residential+land-vic-ascot+vale-201784898" target="_blank">147-149 The Parade</a> property sold at a robust land area rate of $2,060 a sqm. 
The 1617 sqm property, zoned General Residential 1, is close to shops and public transport.
Improvements include a single level, residential duplex.
The sale was negotiated by Savills’ Julian Heatherich, Jesse Radisich and Benson Zhou.
Heatherich said the location had easy access to Melbourne CBD and with its three street frontages was very attractive to developers.
"This is an ideal site for both townhouse or apartment development and that was acknowledged by the very high level of enquiry from developers looking to capitalize on the demand from both investors and owner-occupiers," Heatherich said.
The vendor was a local investor.
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Developer snaps up Ascot Vale site in Melbourne for $3.33 million through Savills

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A fully restored 19th century, six bedroom property in the Melbourne suburb of Ascot Vale listed for auction with a price guide between $2.1 million-$2.3 million, now has a $2.55 million asking price.
The 1012 sqm late Victorian-era residence at <a href="https://www.domain.com.au/75-maribyrnong-road-ascot-vale-vic-3032-2013523824" target="_blank">75 Maribyrnong Road</a> was originally built in 1887.
It was last traded back in 2010 for $2.1 million.
Ascot Vale is an inner-city suburb located 5 km north-west of Melbourne’s CBD. The home sits upon Rothwell Hill, within walking distance to the station and trams, as well as the Puckle St precinct and Union Road cafes.
The area’s median house price rose above $1 million in May this year. 
Architecturally designed, this property combines Italianate heritage and contemporary restoration. It offers three bathrooms, formal lounge, library, wine cellar and a basement garage with a gym.
Family living areas include a renovated kitchen with all-European appliances, stone surfaces and timber cabinetry. Bi-fold doors open up to an alfresco deck, highlighting the landscaped gardens.
Upstairs contains three bedrooms and a luxury bathroom that is enveloped by a balcony with views to the northwest.
A five bedroom residence at <a href="https://www.realestate.com.au/sold/property-house-vic-ascot+vale-125174282" target="_blank">8 Anderson Street</a> sold for $2.1 in May 2017.
The home is listed by Jellis Craig selling agent Simon Mason.
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Victorian era residence listed in Ascot Vale

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A heritage-listed city fringe building in Melbourne's Ascot Vale built in 1880 has been sold for $1.8 million.
The commercial property, 403-405 Mt Alexander Rd, Ascot Vale, on the corner of Mt Alexander Road and Bank Street was built for the English Scottish and Australian Chartered Bank and designed by architects Terry and Oakden.
It is one of only ten Gothic style banks in Victoria.
The building has nine main rooms and a period-style bathroom with claw bath, hydronic heating in each room and a paved backyard which can accommodate parking for up to 4 vehicles.
Anthony Carbone of CVA said the sale represents a substantial building rate of $6,315.79 per square metre.
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jonathanchancellor-7SQnKwU6yx

Heritage-listed Gothic corner building sold

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Pockets of two Melbourne suburbs, Thornbury and Ascot Vale have been pinpointed by Wakelin Property Advisory as having long-term investment potential. 
An “undervalued precinct” is typically a section of a suburb where there were certain attributes that meant there was more potential for growth, Jarrod McCabe, of Wakelin Property Advisory, said. 
The pockets should have all the characteristics underpinning demand and growth, not just one attraction such as relative affordability compared with the neighbouring suburb, he said.
A case in point is Ascot Vale, which has good access to the city by trains, trams and roads.
“Union Road has a really good village atmosphere; it’s really gentrified noticeably over the last five to 10 years, and has got a real variety of shops, cafes and restaurants,” Mr McCabe said.
“Proximity to Union Road and the train station are very important, so the Rothwell Hill section … is highly desirable; particularly towards the northern-end to Maribyrnong Road.”
There were also some very good pockets just west of Union Road, but buyers wouldn’t want to go too far west because it was further away from public transport and cafes, he added. 
Parts of Thornbury where the house median is still in the mid-$900,000s, compared with Northcote’s $1.05 million median could be worth a look by investors, especially areas close to the High Street village and train line near St Georges Road. There were opportunities towards Merri Creek, but be cautious of industrial areas, he suggested.
In comparison to undervalued precincts, Mr McCabe compared ”hot spots” to the property investment equivalent of “the latest fad diet” seen on the cover of women’s magazines. 
He said a hot spot was typically an entire suburb experiencing short-term price growth, and had only a few characteristics for consistent strong performance. 
“What will happen is you’ll get growth in the short term, while whatever new infrastructure or industry is being put into the area,” he said. “But once that becomes the norm, most likely the capital growth will revert back to its previous performance rather than continuing to be a high performer," Mr McCabe said.
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