Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Gold Coast off the plan apartments

The small southern Gold Coast suburb of Bilinga rarely sees new apartment developments.

The last launch was Pipis in late 2023 — a boutique project of just 19 half- and full-floor beachfront apartments. Opportunities to buy into a development with more affordable configurations are few and far between.

Enter <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> — 47 two- and three-bedroom apartments priced from just under $1.2 million.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Developed by <a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a>, Bilinga House is located on Golden Four Drive, just 200 metres from Bilinga Beach.

Designed by renowned architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the five-storey building embraces a soft, neutral palette to maximise natural light and capture sea breezes. Floorplans feature generous built-in storage, contemporary kitchens, and master suites with ensuites.

Residents will enjoy access to a pool, gym, and sauna, along with professional onsite management. Each apartment includes at least one secure basement car space.

[smartcode_project:default project_id=150037 project_image_fid=5335]

Location is one of Bilinga House’s biggest drawcards. The fact that it’s not absolute beachfront means pricing is considerably more affordable. Many apartments still offer beach and ocean views, and the sand is just a short 200-metre stroll away.

Another bonus for off the plan buyers is the proposed Stage 4 extension of the Gold Coast Light Rail, which will run along Golden Four Drive to Coolangatta and Kirra — arguably the most transformed pocket of the southern Gold Coast over the past five years. Bilinga House is also just a short walk from the North Kirra Surf Life Saving Club.

The line will also connect to Broadbeach, Surfers Paradise, Main Beach, and as far north as Helensvale, where there’s a train link to Brisbane.

Construction will be undertaken by renowned builder <a href="https://www.apartments.com.au/builders/greyburn">Greyburn</a>, with completion targeted for late 2027.

[smartcode_project_cta:default project_id=150037]

Bilinga House launches in booming southern Gold Coast pocket

The surge in affordability-led developments in Palm Beach is continuing with the recent launch of Corallo, where prices start from just over $800,000.

International developer&nbsp;<a href="https://www.apartments.com.au/developers/changfa-group">Changfa</a>&nbsp;has tapped into a pocket of relative affordability to the west of the Gold Coast Highway, where apartments can be sold at considerably lower price points than on the eastern side of the Gold Coast Highway.

Coralla, at 5 Palm Beach Avenue, just 130 metres to the beach, will rise 21 storeys and home 105 one-, two-, and three-bedroom apartments, as well as four exclusive penthouses. Several of the one and two-beds offer an additional study.

&nbsp;

[smartcode_project:default project_id=112194 project_image_fid=808]

Designed by <a href="https://www.apartments.com.au/architects/plus-architecture">Plus Architecture</a>, Corallo brings together soft coastal materials and sculptural forms to deliver a distinctly contemporary interpretation of beachside living.&nbsp;

Interiors are anchored by a refined natural palette, with fluted stone island benches, engineered timber flooring, and brushed copper finishes.&nbsp;Buyers can select from two interior schemes, each designed to suit both owner-occupier preferences and long-term coastal durability.

[smartcode_project:default project_id=112194 project_image_fid=799]

The four penthouses each span two levels and offer nearly 330 sqm of indoor and outdoor living. They feature rooftop terraces with private plunge pools,&nbsp;outdoor kitchens, and fire pit areas.

&nbsp;

The resident amenity is being positioned on level two, looking across to the beach opposite. That will feature a&nbsp;wet-edge pool, cold plunge, gym, sauna, steam room, yoga deck, fire pit and day beds.&nbsp;

A residents lounge and work-from-home zones are located on Level 3, while five commercial tenancies at podium level introduce retail and dining options to the corner of Palm Beach Avenue and the Gold Coast Highway.

[smartcode_project:default project_id=112194 project_image_fid=814]

Corallo enters the <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> market at a time of renewed focus on owner-occupier-driven design and lifestyle amenity. The suburb has seen increasing demand from downsizers and local buyers seeking proximity to the beach, walkable dining, and low-maintenance living without compromising on space.

The development’s location places residents within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away, enhancing appeal for both owner-occupiers and short-stay users.

[smartcode_project_cta:default project_id=112194]

Corallo enters the Palm Beach market at a time of renewed focus on owner-occupier-driven design and lifestyle amenity

Coastal convenience minus the price tag: Changfa launches Corallo Palm Beach

Brisbane-based developer and builder, Gardner Vaughan Group, is expanding its foothold across South East Queensland.

Already one of the most established builder-developers in both Brisbane and the Sunshine Coast, Gardner Vaughan is now making its move into the Gold Coast.&nbsp;

They've secured a site on Mawarra Street on Chevron Island, and will soon submit plans for <a href="https://www.urban.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a>,&nbsp;119 apartments tailored for the modern coastal lifestyle.

The project, due to launch in early 2026, includes a curated selection of one-, two-, three-, and four-bedroom apartments.&nbsp;Two ground-floor retail tenancies will complement the vibrant village atmosphere of Chevron Island.

Designed with downsizers in mind, Bronze on Chevron&nbsp;will reflect GVG’s signature focus on quality, livability, and enduring design, principles that have earned the company a loyal following throughout the Sunshine Coast, Brisbane and Moreton Bay regions.

“Our entry into the Gold Coast is both a strategic and natural evolution of our business,” said Simon Betteridge, Chief Executive Officer of GVG.

“We’ve long admired the Gold Coast’s lifestyle offering, cultural vibrancy and strong demand for thoughtfully designed homes. We’re excited to bring our approach to development into this dynamic market.”

GVG’s move into the Gold Coast builds on the success of a series of landmark developments across South East Queensland including Zinc in Bokarina, Renovaré in Yeronga, Estilo on the Park in Chermside, and Stonebrook in Stones Corner.

With a fully integrated in-house model - managing everything from site acquisition through to construction and sales - GVG has built a reputation for reliability and proudly maintains a 100% project completion rate.

“We’re not just entering a new postcode - we’re becoming part of a new neighbourhood,” added Betteridge.

“Our goal is to create places people are proud to call home, and we’re looking forward to working closely with local stakeholders to deliver on that promise.”

Bronze on Chevron, due to launch in early 2026, will comprise 119 apartments and two ground-floor retail tenancies

Gardner Vaughan Group reveals Bronze on Chevron, first Gold Coast apartment play

<a href="https://www.apartments.com.au/developers/bassar-group">Bassar Group</a> has been given the green light by the Gold Coast City Council for Avva Broadbeach, a 33-level tower that will introduce 56 half and full-floor apartments to one of the area’s most in-demand coastal precincts.

<a href="https://www.apartments.com.au/new-apartments/avva-19-anne-avenue-broadbeach-qld-4218">Avva</a> marks the developer’s next move in Broadbeach following the success of Infinity, which sold out before construction completed in 2023.

Designed again by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Avva will deliver two expansive 166 sqm apartments per floor, each offering three bedrooms, catering to the growing owner-occupier segment seeking generous layouts in prime beachside locations.

Sales will kick off early next year, after construction has commenced.

<img alt="First look: Bassar Group plot next Broadbeach tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-02-28%20at%202.05.20%E2%80%AFPM.png?VersionId=dV3x91xH8xvn3Arl5LktpKnCVHjNQlQH" />

Bassar Group Director Leo Sarris announced the approval, expressing pride in adding to the suburb he calls home. “These 56x3 bedroom, 2 per floor apartments will be a wonderful addition to an otherwise amazing suburb I'm so proud to call home,” Sarris said.

Avva’s design language embraces a modernist approach, featuring angular expressions and a striking tower form intended to resonate with the coastal context. BDA Architecture describes the building’s silhouette as “visually interesting angles to passers-by,” creating movement and depth on the streetscape.

Residents will have access to a range of lifestyle amenities integrated across the podium levels. Plans include a lap pool with day beds, a wellness area with gym, yoga deck, hot and cold plunge pools, as well as sauna and steam room facilities.

<img alt="First look: Bassar Group plot next Broadbeach tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.04.28%E2%80%AFPM.png?VersionId=mbXzqdPl9Imy2oiTpptYLOiby5RCbSod" />

Replacing the 1970s MaxMar apartment block at 19 Anne Avenue, the project site was amalgamated by GV Property Group’s Luke Reaby, who brought together eight individual owners across a 1,032 sqm parcel.

Sarris previously told Apartments.com.au that the goal was to offer large, functional apartments without overcomplicating the product, helping to keep prices competitive amid a more cautious market environment.

With demand from southern state buyers now tapering compared to the COVID-era surge, Avva is expected to attract predominantly local interest, aligning with current shifts toward owner-occupier-led apartment living on the Gold Coast.

[smartcode_project_cta:default project_id=149371]

First look: Bassar Group approved for Avva Broadbeach

In a record-breaking deal that underscores the strength of the Gold Coast luxury market, Queensland developer <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has shattered the Chevron Island price record with the $10 million-plus off the plan sale of a penthouse at its <a href="https://www.apartments.com.au/new-apartments/perspective-helm-107-stanhill-drive-chevron-island-qld-4217">Perspective Helm</a> development.&nbsp;

With Penthouse 10 now sold, only Penthouse 9 remains available in the boutique block of 10.

The record-breaking sale surpasses the previous <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a> high of $9 million, achieved by the Chevron One penthouse in 2022.&nbsp;

The buyers of Penthouse 10 are private residents from Brisbane.&nbsp;

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Sherpa’s founder Christie Leet said the sale reinforces the scale, exclusivity, and prestige of Perspective Helm, located in one of the Gold Coast’s most tightly held waterfront precincts.

“We’ve seen strong momentum for sales at Perspective Helm, with 90% of residences now sold, and to have secured a contract on one of the penthouses is a significant milestone,” said Leet.

“This result not only reflects the extraordinary calibre of Perspective Helm but also demonstrates ongoing buyer confidence and the robust demand for premium property across the Gold Coast.”

Leet said releasing Penthouse 9 to the market represents a rare chance to secure one of the most significant residences ever delivered on Chevron Island.&nbsp;

“It’s the last opportunity to own a residence of this calibre in what is arguably one of the most coveted waterfront addresses on the Gold Coast,” said Leet.&nbsp;

“We don’t expect Penthouse 9 to remain available for long; there is nothing comparable on the market right now.”&nbsp;

&nbsp;

Penthouse 9, priced at $9.99 million,&nbsp;spans 793 sqm across two levels. It will have four bedrooms and four bathrooms, as well as a powder room, a cinema, a multipurpose room, and a four-car lock-up garage. There is also a 60-foot private Marina Berth included.&nbsp;

Designed for upscale entertaining, the penthouses boast indoor and outdoor living spaces, featuring a fully equipped outdoor kitchen, barbecue, private pool, pizza oven, and fire pit.

&nbsp;

“Every detail of these penthouses has been meticulously crafted to offer an indulgent lifestyle, where effortless luxury meets serene sophistication,” Leet added. &nbsp;

Perspective Helm is currently under construction and is scheduled to be completed in October 2025.

[smartcode_project_cta:default project_id=143018]

Sherpa’s founder Christie Leet said the sale reinforces the scale, exclusivity, and prestige of Perspective Helm, located in one of the Gold Coast’s most tightly held waterfront precincts

Sherpa smashes Chevron Island record with $10 million Perspective Helm sale

One of the Gold Coast’s most significant master-planned projects has been given the green light to proceed, with the Gold Coast Turf Club, in partnership with Aquis Australia, forging ahead with its billion-dollar lifestyle precinct following a positive resolution with community stakeholders.&nbsp; 
&nbsp; 
Originally <a href="/news/qld/gold-coast-turf-club-redevelopment-given-the-all-clear">approved by Council in August 2024</a>, the development, delivered under the Sunlight Lifestyle Precinct banner, is a joint venture between the Gold Coast Turf Club and Aquis.&nbsp; 
&nbsp; 
Sunlight Lifestyle Precinct will transform approximately two hectares of land adjacent to the Turf Club into a <a href="/new-apartments/lots-3-4-racecourse-drive-2-ascot-court-bundall">vibrant mixed-use destination</a> featuring residential, retail and elevated entertainment offerings.&nbsp;

<img alt="Turf Club" data-entity-type="file" data-entity-uuid="1188b053-7065-4922-830a-f56e728f535e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.54.41%E2%80%AFAM.png?VersionId=gaPO3LFzIpKlhs1kLrBIW4vWkYWry1z_" /> 
&nbsp; 
The announcement marks a new and exciting phase for the Turf Club, following a series of recent infrastructure upgrades, including a major track redevelopment and the introduction of night racing, setting the stage for the next evolution of the entertainment precinct.&nbsp; 
&nbsp; 
“This is a fantastic outcome for the Gold Coast,” said Steve Lines, CEO of the Gold Coast Turf Club.&nbsp; 
&nbsp; 
“We’ve taken a careful, considered approach from day one, and the outcome reflects that.&nbsp; 
&nbsp; 
“This has never been about moving fast. It’s about doing it properly, and with the community beside us. To have that support, and the backing of Gold Coast City Council and the State Government, gives us the confidence to now take the next step.”

<img alt="Steve Lines &amp; John Fung" data-entity-type="file" data-entity-uuid="71ff5879-6a64-469a-81ef-7809209980d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Steve%20Lines%20%26%20John%20Fung.png?VersionId=0vHUYvhKsVz2wliQFR0V7S.fqlfvGRQ5" />

The masterplan – designed in collaboration with international and local experts, including Woods Bagot – will include short-stay accommodation, apartments, wellness and fitness spaces, market-style food and retail, rooftop pools, sky gardens, and immersive tropical gardens. &nbsp; 
&nbsp; 
The precinct is designed to complement the Turf Club’s vision to create a world-class entertainment precinct in the cultural heart of the city.&nbsp; 
&nbsp; 
The project is being led by John Fung, son of Aquis founder Mr Tony Fung, who will now oversee the delivery of Sunlight&nbsp; 
&nbsp; 
“We’re incredibly proud to be part of such a transformative vision,” Mr Fung.&nbsp; 
&nbsp; 
“Sunlight will be more than a precinct; it’s a chance to create a lasting destination that captures the spirit of the Gold Coast. Our team is energised and working closely with the Turf Club to take the project to market.”

<img alt="Turf Club" data-entity-type="file" data-entity-uuid="63cb632e-e868-45cc-ab81-bf2caad5d898" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.54.37%E2%80%AFAM.png?VersionId=e1KSCAtcjoLtaK8.daA.y4PzkdpNnLlQ" /> 
&nbsp; 
The Turf Club extended a special thanks to the City of Gold Coast and the Queensland Government for their continued support throughout the appeal process. &nbsp; 
&nbsp; 
“We’re proud to have resolved matters in a way that satisfies our local stakeholders and allows us to move forward with certainty,” Lines added.&nbsp; 
&nbsp; 
“The support from the community has been excellent. Everyone’s aligned, the wheels are now turning, and we are looking forward to delivering a truly world-class community asset that will generate hundreds of millions of dollars for the Gold Coast.”&nbsp; 
&nbsp; 
With key approvals now in place and only minor planning refinements remaining, preparations are progressing for a formal public launch of the project.&nbsp; 
&nbsp; 
“Sunlight will be a place to live, stay, visit and play – and it’s unlike anything currently on offer in this part of the Gold Coast,” said Fung.&nbsp; 
&nbsp; 
“We look forward to revealing more soon.”

Community stakeholder resolution paves way for new multi-billion dollar Gold Coast Turf Club precinct

The first Queensland budget under the Crisafulli Government places a strong emphasis on housing, with several major policies aimed at shifting from short-term fixes to long-term structural reform.

Treasurer David Janetzki described the housing package as part of a “fresh start,” focused on restoring affordability, boosting supply, and promoting economic security through increased home ownership.

Among the headline initiatives is the $165 million “Boost to Buy” scheme, a shared equity program that will provide up to 30 per cent equity for new homes (and 25 per cent for existing homes) valued up to $1 million. The scheme is open to households earning up to $225,000 and is designed to reduce the deposit burden for first home buyers. Registrations of interest open from 1 July 2025.

This initiative complements the extension of the $30,000 First Home Owner Grant until June 2026, applicable to new builds, and comes alongside the abolition of stamp duty for first home buyers purchasing a new home.

[smartcode_project:default project_id=109146 project_image_fid=1015]

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership.

“We called for expanded access to shared equity because we know high deposit hurdles are keeping aspiring buyers from getting onto the property ladder,” Mercorella said.

“With suitable income eligibility thresholds of $225,000 for couples and $150,000 for singles and a statewide property value cap of $1&nbsp;million, the scheme reflects modern property prices across Queensland and makes it the most attractive in the nation."

In Greater Brisbane, the annual median house price is $895,000, and in the Brisbane LGA it's $1.21 million. Even for units, annual median unit prices are $770,000 and $735,000 for the Gold Coast and Sunshine Coast respectively.

[smartcode_project:default project_id=113271 project_image_fid=290045]

“The generous cap ensures the scheme is relevant in all corners of our state including high-demand areas like Brisbane, the Gold Coast, and Sunshine Coast, where the median house price now sits above $1 million. Without this adjustment, the scheme risked being out of touch with the reality faced by many first home buyers today.

“With limited placements and a strict focus on first home buyers, this is a measured and proportionate support mechanism. It represents a small share of overall market activity, is unlikely to distort demand, and may assist in rebalancing housing pressure by helping some renters transition into ownership."

[smartcode_project:default project_id=136432 project_image_fid=604]

Property Investment Professionals of Australia (PIPA) Chair Nicola McDougall praised the package as a market-aware and practical approach.

“Helping Queenslanders achieve property ownership was front and centre in the 2025–26 State Budget,” McDougall said.

“The Boost to Buy scheme and enhanced grants are pragmatic and market-aligned initiatives. The property price and income thresholds are more in line with market and economic realities, clearly indicating that the Queensland Government is serious about addressing the housing crisis and helping more young people achieve property ownership.”

Beyond direct buyer support, the Budget commits $2 billion to the Residential Activation Fund, with $1 billion allocated in the first year. This fund is aimed at fast-tracking trunk infrastructure, like water, power, and transport connections, for shovel-ready housing developments in both infill and greenfield areas.

The government has also earmarked $5.6 billion for new social and community housing, with a target of 53,500 new homes by 2044, and is investing $31.3 million in 13 new Regional Plans to support projected population growth and urban planning coordination.

McDougall highlighted the importance of long-term investor participation in underpinning Queensland’s rental housing supply.

“PIPA welcomes the opportunity to discuss policies that will not only encourage more property investors into the market but also motivate them to stay for the long-term,” she said.

“Removing stamp duty disparities between owner-occupiers and investors, and updating land tax thresholds to match today’s values, would be simple but powerful next steps.”

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership

Boost to Buy: Queensland Budget targets first home buyers in high-price market

Builder-developer 5Point has received an unprecedented uplift at its under-construction luxury new Palm Beach apartment development, Ophira Palm Beach.

The significant planning approval allows 5Point to increase the building height and add another two full-floor apartments to the exclusive development on the Jefferson Lane beachfront, enhancing what was already one of the most anticipated absolute beachfront apartment offerings on the southern Gold Coast with sales prices averaging in excess of $7 million.

When first launched last year, five of the then-eight apartments were snapped up within just a few months, by local downsizers.

Only one of the full-floor apartments remains for sale, with the two-level penthouse currently under negotiation.

<img alt="web living" data-entity-type="file" data-entity-uuid="abc1eef9-cde1-4b56-af4d-b3e43403ab60" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/WEB_type_b_living___dining_ophira_option_1_3D_render_by_VV.jpg?VersionId=WHQyVek5KPIeBIyCyJ1oD51ovuSM_mKR" />

5Point Projects Managing Director Damian Dove said the uplift was a major milestone for Ophira and 5Point, demonstrating that when the Gold Coast City Council’s strategic planning guidelines have been met, there is an acceptance for this type of development along the coastline.

“We had gone for low density, low occupancy in the original scheme,” Dove says, adding that it was their plan to go for the uplift to 12 levels.

“We were confident that if the building was designed for the downsizer in the luxury market space we would be able to meet city plan’s framework objective.”

Dove believes the approval will sit as a benchmark for what the local council and community will accept for future development along the beach.

“I am hopeful that Palm Beach will benefit as a result whereby great design and planning will continue to enhance the beachfront landscape.”

<img alt="Ophira" data-entity-type="file" data-entity-uuid="b135701f-aa1e-467d-a666-f5ec112f8010" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-18%20at%203.06.03%E2%80%AFPM.png?VersionId=QtvRNlHySLdvGnnV0Y8hhbi91gU8zvWW" />

Each full-floor residence will offer between 294 sqm to 322 sqm of internal and external living space, including balconies with uninterrupted ocean views. They will have three ensuited bedrooms, display wine storage, and a scullery off the kitchen.

Ophira’s two-level penthouse will deliver 516 sqm of internal and external living space, comprising four bedrooms, four-and-a-half bathrooms, and its own private lift, bar and outdoor entertainment area featuring a pool, sauna, and sundeck.

Dove says the strong sales received to date is a testament to the design by BDA, the clever configurations of the floorplans to hero the beachfront setting, and the timeless luxury architectural fixtures and finishes.

“As with each of our projects, we wanted to create something that differentiated itself from the market," Dove said.

“We are passionate about creating spaces that resonate with the unique essence of Palm Beach while meeting the evolving needs of modern living."

<img alt="Superman" data-entity-type="file" data-entity-uuid="519e4360-f8a1-420d-a776-fd9e5293b617" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/WEB_superman_ophira_3D_render_by_VV.jpg?VersionId=9Www51ROXAiqgI.oDQuELXRjdko6AtmP" />

Since bringing development in-house to their already well-established construction business, 5Point has a proven capability and success. They have over $160 million of apartments under contract on Jefferson Lane alone.

Their second Jefferson Lane development, Palm Shores, just 400 metres up the road from Ophira, sold eight of its 16 residences in just four weeks. Now 12 have sold, leaving just four remaining, including a unique four-bedroom two-level beach home that offers direct beach access.

[smartcode_project_cta:default project_id=138441]

5Point Projects Managing Director Damian Dove believes the approval will sit as a benchmark for what the local council and community will accept for future development along the beach.

5Point’s Ophira uplift puts Palm Beach beachfront centre stage

Malaysian conglomerate <a href="/developers/mrcb">MRCB</a> International has sold more than 50 per cent of apartments in its $200 million Maris development in <a href="/developments/southport-qld-4215">Southport</a> ahead of its formal market release, highlighting a surge in demand for well-priced apartments in key Gold Coast urban precincts.&nbsp;

The project, approved by the Gold Coast City Council, will comprise 192 one- and two-bedroom apartments across 20 levels, with the option to amalgamate into three-bedroom residences.

To date, only the lower levels of the building have been sold, with upper-level apartments to be released later this quarter. MRCB International CEO Ravi Krishnan said the response had far exceeded expectations.&nbsp;

“Maris has resonated with buyers who recognise the long-term value in Southport’s transformation,” said Krishnan.&nbsp;

“The demand we've received to date validates our approach of creating considered, lifestyle-driven residences in locations with deep infrastructure, connectivity and lifestyle appeal.”

<img alt="Maris, Southport" data-entity-type="file" data-entity-uuid="6e685fd8-5135-4e9d-b1da-268ebcd7d025" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/MRCB11725_Maris_E02_Hero%20Queen%20Street%20Intersection_Warm_Tone.jpg?VersionId=_Hp9BRNg.mfaqqOYxwMxsQK.05LCXfyh" />

Demolition of the former Sundale Motel site is now complete, with construction of Maris expected to commence in the second half of 2025, and completion forecast for 2027. &nbsp;

Designed by <a href="/architects/plus-architecture">Plus Architecture</a>, Maris pairs contemporary coastal architecture with elevated amenity, offering residents access to a rooftop yoga and dining terrace, a podium-level pool, gym, sauna, and expansive lounge spaces with panoramic views of the Broadwater and Gold Coast skyline.&nbsp;

The project occupies a prominent position opposite the Broadwater Parklands light rail station, and is within walking distance of Australia Fair, retail and dining, and the proposed Olympic arena at Carey Park, slated to drive significant investment in the lead up to the 2032 Games.&nbsp;

Recent research from Urbis confirmed Maris was the single largest contributor to Gold Coast apartment sales during the March quarter, accounting for 80 of 209 new apartment sales city-wide.

Krishnan said the data reinforced MRCB International’s strategy to deliver accessible, lifestyle-led residences in strategically located precincts.&nbsp;

“Buyers are recognising the value in Southport and the opportunity to secure design-forward apartments in walkable, connected neighbourhoods,” Krishnan added.&nbsp;

“We’re focused on creating quality projects that align with how people want to live now, and into the future”.&nbsp;

Maris builds on the momentum of MRCB International’s flagship 26 Vista project in Surfers Paradise, one of the fastest-selling developments on the Gold Coast in 2023 and 2024.

[smartcode_project_cta:default project_id=134403]

Demolition of the former Sundale Motel site is now complete, with construction of Maris expected to commence in the second half of 2025, and completion forecast for 2027.  

MRCB sells half of Maris Southport apartments before official launch

Unit values on the Gold Coast edged down slightly in May, marking a rare softening in what remains an otherwise heated property market.

The decline was modest—just 0.1 per cent, according to the monthly Home Value Index by Cotality (formerly CoreLogic). Despite this minor drop, unit values have remained resilient, rising 1.3 per cent over the past three months and 5.4 per cent over the past year.

This small dip brings the median unit value on the Gold Coast to just under $850,000. However, the downward movement is not expected to persist, with demand for property in the region remaining strong, bolstered by expectations of further interest rate cuts from the RBA.

In contrast, house prices on the Gold Coast surged in May, climbing 0.9 per cent.

<h2>What happened in Gold Coast’s off the plan apartment market in May?</h2>

While <a href="/developments/gold-coast-qld">Gold Coast</a>&nbsp;unit values saw a rare contraction in May, prices aren't about to become significantly more affordable.

What is shifting, however, is the type of product being delivered to market.

The Gold Coast experienced a wave of money from the southern states during COVID, which led to a significant number of half- and full-floor apartments being developed in a short space of time. While these were quickly snapped up—thanks to continued demand over several years—this shift meant smaller apartments fell by the wayside. Even one-bedroom apartments were becoming a thing of the past.

But in recent months, including May, developers have begun reintroducing slightly smaller, more affordable apartments. This is helping meet an underserved segment of the market: buyers who are ready but haven’t had enough supply to choose from.

The Melbourne-based, Malaysian-backed development conglomerate MRCB is soon to launch Maris in Southport, a rare example of affordability-focused development.

There isn’t a single three-bedroom apartment in the building—just 180 one- and two-bedroom residences in the Southport Priority Development Area.

<img alt="MRCB greenlit for Maris, Southport apartments" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202024-08-27%20at%208.56.13%E2%80%AFAM.png?VersionId=NzE9cgDGoWh3sGj8X7ZNyKH_bx6Sr.YV" />

Backed by Malaysian Resources Corporation Berhad, the project will replace the Sundale Motel and deliver a housing mix aimed at affordability, just steps from Broadwater Parklands Station.

Designed by <a href="/architects/plus-architecture" target="">Plus Architecture</a>, Maris will also feature a communal recreation deck and lush podium landscaping.

Read more: <a data-end="1662" data-start="1612" href="#" rel="noopener">MRCB greenlit for Maris, Southport apartments</a>

In Palm Beach, <a href="/developers/sherpa-property-group" target="">Sherpa Property Group</a> continues to expand its value-conscious Flourish brand with plans for <a href="/new-apartments/flourish-ovana-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Ovana</a>, a 102-apartment project located directly across from their flagship development, Flourish on Sixth.

[smartcode_project:default project_id=150017 project_image_fid=195]

If Flourish Ovana follows suit, it will feature a handful of one-bedroom apartments priced around $600,000, and two-bedrooms under $1 million.

The rooftop will include a swimming pool and spa.

Read more: <a data-end="2253" data-start="2187" href="#" rel="noopener">Sherpa expands Palm Beach footprint with Flourish Ovana plans</a>

Developer <a href="Dankav">Dankav</a> is also targeting the one- and two-bedroom market with <a href="/new-apartments/the-alfred-2375-gold-coast-highway-mermaid-beach-qld-4218">The Alfred</a>, a new mixed-use lifestyle precinct that will replace the Mermaid Beach Shopping Village.

The seven-level building will offer 80 one- and two-bedroom apartments above a vibrant hospitality precinct, capitalising on the proximity to the new light rail extension.

Dankav has enlisted BDA and J.AR Office to design the building.

<img alt="First look: Mermaid Beach Shopping Village to make way for Dankav's latest mixed-use development play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-05-14%20at%209.05.31%E2%80%AFAM.png?VersionId=gdBfGxorSfC4.6jrH.xG7C3Ckw2kh1H." />

"An opportunity exists to create a flagship mixed-use development that redefines the urban experience along the Gold Coast Highway," J.AR and BDA noted.

“Through considered analysis of the existing context of this area of Mermaid Beach and the envisaged potential for adjoining urban redevelopment, this design outcome will result in the addition of an elegant and visually interesting mixed-use tower with a highly active ground plane, which will provide considerable amenity for residents and visitors, and become a complementary and respectful addition to the ever-emerging light rail corridor of Mermaid Beach.”

Read more: <a href="/news/qld/first-look-mermaid-beach-shopping-village-to-make-way-for-dankavs-latest-mixed-use-development-play">First look: Mermaid Beach Shopping Village to make way for Dankav's latest mixed-use development play</a>

Developer<a href="/developers/polycell-group"> Polycel</a>l&nbsp;continues to target the higher end of the market, having nearly sold out their debut Gold Coast project, <a href="/new-apartments/the-rochester-broadbeach-143-surf-parade-broadbeach">The Rochester</a>.

In May, the developer proposed their third local venture: a 59-level redevelopment of the Sandpiper site.

Effectively The Rochester 2.0, the new tower will comprise 216 apartments and three levels of resident amenity, including floating daybeds by a resort-style pool, golf simulators, two-level lounges, and private cinemas.

Read more: <a data-end="4067" data-start="3977" href="#" rel="noopener">First look exclusive: Polycell files Sandpiper redevelopment plans after owner buyout</a>

While Gold Coast unit values saw a rare contraction in May, prices aren't about to become significantly more affordable

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