Joel Robinson

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

&nbsp;

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

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The collapse of the Ralan Group earlier this year has triggered the listing of a 11,470 square metre Gold Coast development site.
It was set to have been a twin-tower luxury development.
<a href="https://www.propertyobserver.com.au/https://www.knightfrank.com.au/properties/commercial/for-sale/108-ferny-avenue-surfers-paradise-qld-4217/5107491" target="_blank">Offers close November 28</a>.
The Budds Beach site had been earmarked for the Sapphire twin tower development of 71 and 33 storeys, totalling 1000 apartments plus retail.
The site is bordered by Norfolk, Pine, Oak and Ferny avenues close to Surfers Paradise.
It is being offered as an entire lot or as individual properties through Knight Frank under instructions from Deloitte appointed by the mortgagee.
The administrators have been investigating the legality of Ralan Group's use of released deposits from pre-sale contracts.
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Ralan's Budds Beach Sapphire twin tower development site listed by mortgagee

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St Kilda’s former Greyhound Hotel razed site has been listed for November 22 auction.
CBRE has been appointed by failed developer Steller’s receiver KordaMentha.
Steller bought the 911sq m corner site at 1 Brighton Road for $7.5 million in 2017.
It has three street frontages with permit approval for a seven-level building with 34 apartments and three shops.
Set opposite St Kilda Town Hall, CBRE’s Mark Wizen told the Herald Sun he expected to attract offers “in excess of $5 million”.
The 163-year-old pub was demolished despite a bid for heritage protection.
Its Art Deco-style facade which was built over the original in the 1930s disqualified the venue from heritage listing.
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CBRE tips $2.5 million loss for Stellar's St Kilda Greyhound Hotel site offering

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A development site suitable for residential, industrial, and commercial development, has hit the market in Maryborough.
The land parcel is 27 hectares on Saltwater Creek Road.
It comes with a price of $3,375,000 (plus GST).
The site is being marketed by Ray White agent Andrew Burke.
Burke said Maryborough was becoming a sought-after area for developers.
He noted the opportunity followed a recent site sale of $1,700,000.
“Buyers are crying out for approved development sites across Queensland with the recent sale in Maryborough highlighting the region’s increasing popularity,” Burke said.
“The site is approved for a manufactured home park that includes 270 lots plus commercial and recreational areas.
"It’s zoned Emerging Community/Mixed-Use for residential, industrial and commercial and forms six existing titles on the site.
"There’s also the potential to increase the DA up to around 345 lots, subject to council approval.”
The median house price in the Maryborough is $241,250.
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Maryborough development site hits the market for $3,375,000

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A development parcel with the potential for a school site in the northern NSW coastal village of Pottsville has hit the market. 
The property sitting at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMnRwCHtDSMM2WWxS6QOKXcl8elBm5QDFkEeRMk9HQbKY61FnTKC8+7uUXkYU97BYQJSzAdO2g4UgkJgCTRJXY6FgjPKcgMBrAIv0CpAJifgfpACTrULjxxafyMqKpoX8wC9+bIWTdlqe&amp;rh=ff0051e1124efff45e4cf971fe4d93d46fa60538" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lot 1747 Seabreeze Boulevard</a> is on a 6.27ha site, and is just 2.5km to Pottsville Village and beachfront.
It is designated ‘Potential School Site’ in the Tweed Shire Council DCP. 
The property is being marketed via expressions of interest by Ray White Special Projects Queensland Executive Directors Mark Creevey and Tony Williams.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/23/Potts_2.jpg" alt="">
Creevey said Seabreeze Estate was at the picturesque seaside village of Pottsville, within the Tweed Local Government Area.
“Pottsville is just 35km south of the Queensland border and only 40km north of ever-popular Byron Bay,” Creevey said.
The expressions of interest campaign for the property closes October 9.
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Pottsville school site hits the market

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The largest vacant industrial block in the Southern Cross Industrial Estate in Ballina has been listed for sale.
The property at <a href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39QzG/Nyy8oj1MsQ8lDBqOLeIia6FoWINQH1URtvOAqHCyKtA8/jX0HWpn2KtcaACKM0VnlFB4qJbRdhHfF1iJIzFRCgSK1HOG+jDgGgnLya03K1dyrCrajnGofm3xUUX8o1AaTn/h+XWxw/2pj00xDI&amp;rh=ff005165936a616077e04fdf424d9b3462a8def0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">4/176-178 Southern Cross Drive</a> has a 5,851 sqm land holding.
The land parcel is being marketed by Ray White Commercial Gold Coast duo Jared Johnson and Lachlan Marshall.
“The site it is Zoned IN1 Industrial with a wide range of uses and would suit warehousing, distribution, manufacturing, storage and aviation," Johnson said. 
“It’s close to major arterial roads and transport infrastructure and is just four minutes to Ballina Town Centre and six minutes from the Pacific motorway entry and exit points.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/11/Outline_ballina6%201.jpg" alt="">
Marshall said the asset had potential with subdivision possible (STCA) and additional common property access to security controlled taxiway to airport runway (STCA)
“With the passenger terminal facilities at Ballina Byron Gateway Airport recently upgraded, Ballina is poised to cater for yet more future growth. 
It is scheduled for auction on October 3. 
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Southern Cross Industrial Estate's largest Ballina development site listed

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Caltex Australia has put 25 properties to market in the first tranche of a 50 property divestment strategy. 
The 25 service station/convenience store properties include 16 in New South Wales, seven in Victoria, one in WA, and one on the Gold Coast.
Caltex chief development officer, David Bridger, confirmed the strategic release of the first tranche of the sale of 50 freehold metropolitan sites was aimed at the apartment and mixed use market. 
The properties will be sold through CBRE and Stonebridge with purchasers having options to buy individual sites, sites in any combination or the offering as a whole. 
Locations include Surfers Paradise, Bondi, Mascot, Box Hill, and Perth.
CBRE Director Investments, Mark Wizel said the portfolio offered an opportunity for apartment, mixed use, retail, hotel and build-to-rent developers. 
"These sites are being offered at a time of strong ongoing demand for low to medium rise apartments which are now in short supply, due to the lack of development site opportunities within metro areas, particularly in Melbourne and Sydney," Wizel said. 
"The fact that the bulk of the sites are extremely well located to transport, schools and town centres make them ideal for apartments but for the same reasons they are also well suited to a range of other uses."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/9/Caltex%20Brunswick%20East.jpg" alt="">
He said the offering had also come at a time when developers were looking to the suburbs for well-located low/medium rise opportunities. 
"Coincidentally those type of projects are ones which the banks are now much more amenable to providing funding for," Wizel said. 
He said market drivers such as the improving domestic residential clearance rate, low interest rates, and ongoing population growth would also be top of mind for prospective purchasers. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/9/9/Caltex%20Clayton-2.jpg" alt="">
Recent CBRE research revealed an almost 30% rise in Asian buyer’s total spending from $880 million in 2017/2018 to $1.135 billion over the 2018/2019 financial year in Melbourne alone with nearly 80% of investment sales since June 1/2019 involving Asia-based investors. 
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Caltex puts 25 development sites on the market

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A former CSIRO property in Highett is set to become one of Melbourne’s largest infill development sites following an anticipated sales campaign. 
Colliers International’s Trent Hobart, Peter Bremner, Hamish Burgess have been appointed on behalf of CSIRO along with transaction manager Urbis, to sell a 9.34 hectare site at 37 Graham Road in Highett.  
“Known as Park Village, this extraordinary development opportunity represents one of Melbourne’s largest and most flexible infill development sites that will capitalise on the Bayside area’s continued growth by delivering pre-eminent park-side residences,” Hobart said.  
“It is a unique and truly unrepeatable offering in a blue chip market, the market has been waiting a long time for this site to become available. It has been a four-year wait for the market’s biggest and best buyers to be given the opportunity to purchase this site. 
“This is the only 93,400 square metres residential development site in a premium south eastern bayside location so we expect all major developers locally, nationally and internationally to have an interest in this sale.” 
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Home to former CSIRO laboratories, the site will be sold with vacant possession and clear of all building improvements.  
“The site is prominently positioned between the Nepean Highway and Port Phillip Bay, nestled amongst some of Melbourne’s most exclusive suburbs such as Brighton, Hampton and Sandringham,” Bremner said. 
“Park Village at Highett is an increasingly rare large scale, predominantly townhouse opportunity, that is destined to become a world class urban village set in a prime park setting with the future residences surrounded by 4,000 sqm of parkland, situated next to a Highett Shopping including Woolworths and the Highett Train Station.”
The Park Village site is located immediately south of the recently completed full line Woolworths Shopping Centre, 100 metres from the Highett Train Station and positioned within the new generation café and retail strip of Highett Road.
As part of the sale process, the land will be re-zoned upon settlement to Residential Growth Zone and Development Plan Overlay - Schedule 2. Upon settlement, 4 hectares of the site area will be transferred to Bayside Council for public open space and conservation.  
The property is for sale via an International Tender campaign, closing Wednesday 19 June 2019.
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Former Highett CSIRO site to be one of Melbourne’s largest infill development sites

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Matrix Property has sold a development site in the Warnervale Town Centre. 
This subdivision site was bought by a Hong Kong developer who has appointed a local project manager.
The 5.6 hectare residential sub-division site along Hiawatha Road has planning for up to 85 lots and incorporates over 6,000 sqm of dedicated parkland. 
The property is part of the master-planned Warnervale Town Centre, one of the Central Coast's largest development and growth areas projecting 40,000 new residents over the next 20 years. 
It was sold under instruction from the mortgagee for $6.4 million. 
The site has 2 existing frontages via Hiawatha and Hakone Roads. 
“The EOI attracted over 80 enquiries and over 8 offers as it’s a vanilla subdivision site in a major land release area” Commented Godfrey Franz – Head of Central Coast/ Hunter for Matrix Property Group, a specialist Development Site Commercial Sales Agency. 
“Further the area is popular with first home buyers at lower prices hence the popularity of the offering to potential developer buyers producing housing product in the sub $700K price point” 
“Despite the anxious outlook for property we are not seeing it and given the success of this campaign we are seeing many confident and cashed up developers coming back into the market ” he concluded.
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Warnervale development site sold for $6.4 million

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A development site in the heart of the Redcliffe Peninsula has sold for $2.05M following a strong expressions of interest campaign at <a id="LPlnk88021" href="http://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMt0Z3VIjNMZGO7DMGnvuLN24WgKnl++U0/tpzw7tJTb+1xE4KjbPfKc=&amp;rh=ff00470b970cbdd99f26a9b6eb429b12c49c684e" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">8-10 Duffield Road, Margate.</a>
The asset came with a 2,430 sqm land area and was a flat, cleared site, that stretched over three allotments.
The site was marketed and sold by Ray White Special Projects Queensland Directors Matthew Fritzsche and Andrew Burke.
Mr Fritzsche said the asset was sold on behalf of a syndicate and was purchased by a local private group.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/14/Aerial_018.jpg" alt="">   “We had a strong level of enquiry throughout the campaign, and the fact the process ended with multiple offers, highlights just how good the opportunity was,” he said.
“The purchaser’s intention is to develop the site into an apartment project, taking advantage of the proximity to the ocean and sea views stretching to Moreton Island.”   Mr Burke said the location of the site was a real drawcard with potential buyers, with plenty of amenities on the doorstep.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/14/Aerial_038.jpg" alt="">   “Being in the heart of the Redcliffe Peninsula means key facilities like schools, shops, medical, education and recreation are all in close proximity,” he said.   “To complement, you’ll only be 60* metres away from the Woolworths-anchored Margate Village shopping centre, and just 4km* to Kippa-Ring train station, offering a direct link to Brisbane CBD.”
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Margate development site sells for over $2 million

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Colliers International are selling a newly rezoned, mixed-use development site in Arncliffe, for around $12 million. 
The site located at 96-102 Princes Highway, Arncliffe has been converted from industrial to high-rise residential.
It sits directly opposite the Arncliffe train station, with DA lodged for 83 residential units and ground floor commercial retail. 
The property sits within the NSW Department of Planning &amp; Environment's Bayside West Priority Precinct which was included in the Precinct Proposal and Draft Development Controls.
As a result the property has been earmarked for rezoning to Zone B4 Mixed Use with an increased FSR of 2.5:1 and an increased building height limit of 31 metres. 
The site currently has an existing factory with car rentals leasing on a short-term lease; at $165,000+ GST short term rental income. 
“This is an ideal opportunity for developers to acquire a development site with a quality existing building creating short term rental income whilst waiting for a pending DA approval from council,” said Trent Gallagher, National Director, Industrial at Colliers International, who is handling the sale of the asset. 
“There is the opportunity to increase the scheme to circa 100+ apartments following the DA existing approval by way of incorporating affordable housing into the development.” 
Located on a corner block, the property holds views to the Sydney CBD, Botany Bay and broader district and is a 200m walk to the Arncliffe town centre and shops. 
Expressions of interest for 96-102 Princes Highway, Arncliffe closes April 4 2019.
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