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.

[smartcode_project:default project_id=150017 project_image_fid=372547]

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."

[smartcode_project:default project_id=149670 project_image_fid=360975]

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."

[smartcode_project:default project_id=108274 project_image_fid=365786]

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.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

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.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

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.

[smartcode_project:default project_id=146717 project_image_fid=372225]

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.

[smartcode_project:default project_id=146717 project_image_fid=372222]

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.

[smartcode_project:default project_id=134323 project_image_fid=6395]

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.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

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.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

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

Coogee

Sydney property developer Central Element has secured development approval for the restoration of Coogee's historic 1860’s landmark, Ballamac House.

Ballamac House, at 39 Arcadia Street, will be redeveloped into eight luxury apartments designed by&nbsp;Tonkin Zulaikha Greer (TZG), a long-standing partner of Central Element and expert in heritage projects. They've previously collaborated with Central Element on 25Hours Paddington and The Minerva Potts Point.

Nathan Chivas, Managing Director of Central Element, said Ballamac House&nbsp;has been a permanent fixture on Coogee’s north headland for over a century, so it was crucial to honour its great legacy and restore the property.

"We are thrilled to partner with TZG Architects and Jane Irwin Landscape&nbsp;Architecture to bring the 1860s icon back to its original excellence," Chivas said.

"The conservation of the original house will see us retain the external and internal walls, fireplaces, mantel pieces, and decorative ceilings, while reconstructing the wrap around verandah, as an ode the&nbsp;luxury of estate living."

Established by Charles Moore in 1860, the estate has lived many lives; as a private residence, hotel and infirmary. It has also been home to many prominent Australian figures and seen the likes of British Royalty roam its halls over the years.

Central Element’s vision of fusing old and new will bring the Ballamac House estate into a new era of luxury as it is transformed into eight oceanfront residences across two buildings.

The heritage Victorian house will undergo a restoration to reinstate it to its original grandeur. That will home two of the eight apartments, while the further six will sit in a new building to the east which will have ocean views.

The development occupies close to 1,500 sqm, with its eight residences spread out over four-stories that stand at almost 15 metres tall.

Read more:&nbsp;<a href="/news/nsw/central-element-to-redevelop-coogees-1860-s-ballamac-house-into-luxury-apartments">Central Element to redevelop Coogee's 1860’s Ballamac House into luxury apartments</a>

<a id="m_-1527994245956362592__Hlk143764131" name="m_-1527994245956362592__Hlk143764131"></a>All residences feature three-bedrooms, with the rooftop and penthouse apartments boasting two expansive levels of living. Each residence will enjoy the oceanfront location on Coogee’s northern headland, with uninterrupted views out to Wedding Cake Island.

The penthouse will feature extravagant interiors, configured to maximise its north facing aspect with panoramic views spanning past Gordons Bay to Wylie's Baths. All three bedrooms feature ensuites, with the master occupying the whole top level, with a study and flexible use second living room that can be shut off.

It will seamlessly open up to the wrap around entertaining terrace boasting the best view in the building. The 231 sqm residence will also feature its own internal lift, a second entertaining terrace on the first level, butler’s pantry, powder room and expansive floor-to-ceiling glazing ensuring the views are enjoyed from all the living areas. &nbsp;

Along with the conservation and restoration of the historic elements of Ballamac House, the property will receive an extensive landscaping makeover by award-winning Jane Irwin Landscape&nbsp;Architecture.

The landscaping vision is in response to the views and the heritage house, with all original sandstone utilised throughout the build so as to retain the buildings character, and only local native species selected where possible.

Future residents will also benefit from a communal outdoor area, complete with lush green gardens and a magnesium pool.&nbsp;

Construction on Ballamac House is expected to commence towards the end of 2023.

[smartcode_project_cta:default project_id=141700]

Ballamac House has stood proud on Coogee’s north headland for many years as one of the city’s most coveted addresses, having been converted to a strata title in the 1970’s.

alisonwarters@gmail.com

Central Element green lit for Coogee's Ballamac House apartment redevelopment

Revised plans by&nbsp;Fender Katsalidis for the $111 million redevelopment of the Coogee Bay Hotel have been submitted.

The original plans to demolish significant parts of the hotel and build a new six-storey apartment building were met with significant opposition from both Randwick City Council and local residents.

The applicant took the matter to the Land &amp; Environment Court in November 2021, and since then, the case has been ongoing. However, on March 23, 2023, the LEC granted permission for the applicant to lodge amended plans.

<img alt="Render of the proposed Coogee development" data-entity-type="file" data-entity-uuid="9bc29867-b60d-4ca4-bd3a-f9c5b0794472" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-03%20at%203.31.59%20pm.png?VersionId=4oVyhWm51qLJxDP.1oX5o4grAiZG7pOR" />

Under the new proposal, several existing buildings and structures on site will be demolished. However, the hotel and most of the Coogee Bay Road facade and beer garden will remain. The internal areas of the hotel will also be reconfigured, and 16 new and 15 refurbished rooms will be added.

To the west of the site a four and five-storey shop top residential building will be constructed, comprising 58 apartments, with seven one-bedroom, 25 two-bedroom and 24 three-bedroom apartments, in addition to two four-bedroom penthouses.

A new three-storey southern hotel wing, south of the beer garden, will be constructed, including 15 new hotel rooms. The existing beer garden area will also be upgraded, with the construction of new dining pavilions.

Additionally, 11 new retail tenancies, including cafes, shops, and restaurants, will be created in a ground-floor eat street precinct and Coogee Bay Road. A new public laneway will also be established, running from Coogee Bay Road to Arden Street, creating a through link.

<img alt="Render of the proposed Coogee development" data-entity-type="file" data-entity-uuid="fc57fa6b-bca4-4457-a5e3-b2d9ee8cc018" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-04-03%20at%203.32.18%20pm.png?VersionId=XOQ0B5Nv2ZzR4PWvQwrnmrzunmftdLSI" />

Two levels of car parking will service the development, one at ground level and one basement carpark level, with around 159 spaces planned.&nbsp;

Currently, Randwick Council's external planning consultants are undertaking a detailed assessment of the amended plans, and community feedback will be carefully considered as part of the court proceedings.

Key amendments to the proposal:

<ul>
	<li>Building heights reduced from a maximum of 23.33m to 21.35m.</li>
	<li>Amendments to the building mass to retain view lines to key landforms including Wedding Cake Island, Dolphin Point and the northern headland of Coogee Beach.</li>
	<li>Reduction in basement excavation by two levels.</li>
	<li>Increased building setback to the southern boundary and accommodation of deep soil planting and additional communal open space.</li>
	<li>Removal of the ground level supermarket tenancy and provision of residential apartments to the street frontage of Vicar Street.</li>
	<li>Increased retention to four heritage building facades along Coogee Bay Road.</li>
	<li>Internal reconfiguration of pub building, hotel and all residential apartments.</li>
	<li>Inclusion of a three-storey building to the southern side of the beer garden. Provision of the car park entry from Arden Street only and removing the car park entrance from Vicar Street.</li>
	<li>Changes to the colour and materials used on the retail tenancies fronting Coogee Bay Road to respond to the character of this streetscape.</li>
</ul>

Under the new proposal, several existing buildings and structures on site will be demolished

Revised plans submitted for $111m Coogee Bay Hotel redevelopment

The landmark Coogee mansion, Ballamac House, is set to undergo a redevelopment into luxury apartments.

Sydney developer Central Element are seeking to transform the historic house, which has been flats for the last six decades. The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory, creating a collection of just eight apartments&nbsp;to be added to the east of the house.&nbsp;

The group’s vision of fusing old and new will bring the Ballamac House estate into a new era, with the restoration and new build designed by acclaimed architects, Tonkin Zulaikha Greer (TZG), who have collaborated with Central Element on a number of previous projects, including 25Hours Paddington and The Metro-Minerva Potts Point.&nbsp;

TZG’s Director, Tim Greer said their approach was to design both spectacular but also comfortable residences, which spoke to the site’s coastal location and embraced the natural elements of the surrounding environment.&nbsp;

“With Ballamac’s rich Coogee history and Central Element’s expertise, TZG Architects are making a new story. The things we chase in our stories as we craft them are timeless, rational and beautiful but the things that you remember are the small moments of wonder and delight that stay with you long after you have departed” Greer said.

All eight residences will feature three-bedrooms, with the rooftop and penthouse apartments to be split across two levels of living.&nbsp;&nbsp;

Two of the residences will sit within the original 1860’s house with the remaining six situated in the added apartment building, which will feature a communal outdoor entertaining area and garden.

Each of the residences will enjoy the locale of the waterfront location with uninterrupted views out to Wedding Cake Island.

The two apartments within the original house are set to be an ode to old-worldly living, with the retention of the external and internal walls of the original house, along with original fireplaces, mantel pieces, and decorative ceilings.&nbsp;

The residences will also see the reconstruction of the wrap-around verandah with the original rectangular cast iron columns, allowing for indoor to outdoor living.

The repair and conservation of the sandstone walls of the original house will be continued in the new apartment building, blending old and new.

There will be new landscaping by&nbsp;award-winning landscape architecture practice JILA, which will also see a communal plunge pool added.

Central Element’s Managing Director, Nathan Chivas said Ballamac House is a hallmark project for the group, designed to make a lasting impact on the celebrated beach lifestyle in one of Sydney’s most sought-after addresses.&nbsp;

“The legacy and famous history of the building will be preserved as we transform the former residence and add further luxury living spaces that will deliver an elevated lifestyle dimension to the landmark site,” he said.&nbsp;

Completion of the redevelopment is slated for 2024.&nbsp;

The building at 39 Arcadia Street, just 350 metres from the beach, will be restored and revived to its original glory

Central Element to redevelop Coogee's 1860’s Ballamac House into luxury apartments

The Sydney-based IPM has secured approval&nbsp;for their new Coogee project.

Randwick Council gave the green light to IPM to create a three-level, 20-apartment building at&nbsp;201-207 Carrington Road, halfway between Coogee Beach and Randwick.

The privately owned development and investment group will add to their already impressive portfolio which includes in excess of $2.5 billion worth of real estate projects.&nbsp;

There will be a mix of one, two and three-bedroom apartments in the block across the 2268 sqm site, which currently homes four single dwellings.

Paul Buljevic Design (PBD) designed the building, which will connect to its surrounding context through landscaping and&nbsp;a three-pod approach, allowing for full breaks between buildings, as well as giving relief to the bulk of the built form.&nbsp;

"The interplay of planes and introduction of finer vertical grains to the front facade breaks down the bulk further, along with creating a defined entry point to the building," the design statement read.

Each apartment is orientated toward the north, enhancing cross flow ventilation, solar access, and views.&nbsp;

"The design of the proposal responds to the current market demands, in relation to typologies and living patterns currently established in the local area, with apartments generously sized, following an open-plan layout, that maximises the use of the north-facing layout," the statement noted.

IPM has made themselves at home amongst the affluent suburbs over the years, with a portfolio featuring some of the most sought-after addresses.&nbsp;

Developing in some of Sydney's best beachside pockets, the group has taken up a number of projects from Sydney's east to as far north as Palm Beach.

Their latest is in Mona Vale, in the heart of the Mona Vale Town Centre on the Northern Beaches. They'll be delivering apartments above retail at&nbsp;19 Bungan Street. Their Palm Beach project on Barrenjoey Road will&nbsp;comprise just eight&nbsp;apartments, each with panoramic views across the waters of Pittwater.

The group will also build on a Newport site at&nbsp;11-17 Ocean Avenue which will home "coastal-inspired residences."

The privately owned development and investment group will add to their already impressive portfolio which includes in excess of $2.5 billion worth of real estate projects


IPM secure approval for Coogee apartments 

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Thoroughbred racing enthu­siast Victoria Samba is selling in Coogee.
It’s been a rental since Samba relocated to Melbourne.
It was most recently offered as a $1850-a-weeker last year, but is being offered with vacant possession through Jason Pantzer at Phillips Pantzer Donnelley for its September 26 auction.
Samba had paid $2.91 million in 2017 for the Dolphin St home when briefly moving from the Randwick home that she and then-husband, recruitment firm boss Mitch Hoare, sold for $3,575,000.
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The Coogee home, on 220sqm, spans two levels ­designed to take advantage of its northerly aspect.
Thoroughly modern, the home has four bedrooms, a custom-fitted study, and an open-plan kitchen, living and dining area that spills on to a rear garden with built-in barbecue.
<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/2020/9/7/coogee%203.jpg" alt="">
Samba, the daughter of the late Melbourne racing identity Les Samba, moved to the Mornington Peninsula late last year to live with her horse-veterinarian partner.
This article was first published in the Sunday Telegraph. 
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Victoria Samba lists Coogee investment

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GWS midfielder Josh Kelly pulled his Coogee house from its auction yesterday.
The two-storey, three-bedroom house (pictured above) was listed due to “a change of circumstances.”
It was bought for $3.45m in April, but estate agent Alexander Phillips, of Phillips Pantzer Donnelley, struggled this month to find enough buyer interest, despite marketing the Division Street home with a reduced $3.2m guide.
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Elsewhere in Coogee, the horse trainer David Hayes and wife Prue pulled their bolthole from yesterday’s scheduled auction too (pictured below).
The three-bedroom Fernside garden apartment, bought for $2.3m in 2017, was listed through NG Farah agent Theo Karangis after their shift to Hong Kong.
This article was first published in the Sunday Telegraph. 
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Giants star Josh Kelly and horse trainer David Hayes pull Coogee auctions

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Champion horse trainer David Hayes and wife Prue have listed their Sydney bolthole — a Coogee garden apartment given their relocation back to Hong Kong. Being not far from his satellite stable at Randwick.
The couple bought the three-bedroom Fernside, Coogee apartment for $2.3 million in 2017.
Set in the boutique complex of eight, the 350sqm apartment has an open plan lounge and dining area that leads to a terrace and lawn.
The 2013-built unit has been listed by NG Farah agent Theo Karangis.
The Melbourne-based Hayes, the son of legendary trainer, the late Colin Hayes, was recently in a mandatory 14-day quarantine isolation in Hong Kong, ahead of taking on John Moore’s stables.
This article first appeared in the Sunday Telegraph. 
 
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Champion horse trainer David Hayes lists Sydney bolthole

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GWS star midfielder Josh Kelly has listed his three-bedroom Coogee house.
It was bought for $3.45 million in early April with its settlement occurring earlier this month.
<a href="https://www.realestate.com.au/property-house-nsw-coogee-133837834" target="_blank">The Division Street home</a> returned it to the market last week with a $3.2 million guide.
The two-storey house's marketing in early April saw a guide of $3.25 million.
The ANZ price predictor website REALAS recently suggested its value at <a href="https://realas.com/property/14-DIVISION-STREET-COOGEE-NSW-2034-1929126" target="_blank">around $3.405 million</a>.
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<div id="adspot-1x1_300x250-pos-2" class="ad">Its listing agent Alexander Phillips, of Phillips Pantzer Donnelley, advised Nine Entertainment he “doesn’t need to sell, but has just had a change of circumstances”.</div>
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<div class="ad">“If it doesn’t sell, he’ll rent it,” he said.</div>
The <a href="https://www.domain.com.au/14-division-street-coogee-nsw-2034-2016329409">three-bedroom house on 530 square metres</a> goes to on July 25 auction.
The agency predicted a collapse was emerging in Clovelly.
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Coastal price collapse forecast for GWS star Josh Kelly in Coogee 

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A detached terrace-style home, less than a kilometre from the beach, has come onto the market in Coogee.
Located at 327 Alison Road, the residence features six bedrooms, three bathrooms, a lawn, and a lock up garage.
The block comprises 470 square metres.
It also has a gas fireplace, video intercom system, 5.5KW solar panels, and an underground water tank.
The home previously traded in in 2008, when it sold for $1.4 million.
The median house price in Coogee is $2.62 million.
Martin Farah and Stephanie Farah, from N G Farah Pty Ltd, have the listing.
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Coogee six-bedroom terrace listed for sale

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The veteran film producer Glenys Rowe sold her longtime Coogee bolthole for a bullish $5.1 million at weekend auction.
Rowe produced the late 1980s cult film Dogs in Space, as well as God's Girls: Stories from an Australian Convent, Idiot Box and Feeling Sexy. 
There were 10 registered bidders who took the sale well past its $4.3 million reserve.
Auctioneer Damien Cooley took bids from half its interested parties.
She had bought the hillside Beach St property for $790,000 in 1994.
The four-bedroom home with ocean views has been an investment in recent years since Rowe has settled in Adelaide.
Ballard Property agent James Ball had an initial $4 million guide then raised this to $4.2 million, when they brought forward the auction by a week given the heightened level of buyer interest.
Realestate.com.au calculates Coogee’s median house price sits at $2.46 million, based on just 32 sales over the past year, according to realestate.com.au. 
Based on five years of sales, Coogee has seen a compound price growth rate of 6.7 percent for houses. Some years have seen 60 house sales.
This article was first published in the Daily Telegraph. 
 
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