<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Gold Coast off the plan apartments

The continued strength in the Gold Coast property market has seen the South East Queensland hotspot's median unit value surpass $700,000.

CoreLogic's Hedonic Home Value Index found Gold Coast units jumped another 1.3 per cent across September, topping growth in Sydney, Melbourne and Brisbane.

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-median-approaches-700k-following-august-growth">City Beat August 2023: Gold Coast unit median approaches $700k following August growth</a>

<h2>What's happening in the Gold Coast off the plan market?</h2>

Prospective buyers are still queuing up for off the plan apartments developments on the Gold Coast.

While signing up to join waitlists was more prevalent during the pandemic when buyers were missing out on projects which were selling to databases without even hitting the market, the recent development application by Molti for their <a href="/news/qld/first-look-exclusive-molti-secure-prime-bilinga-site-plan-luxury-apartment-project">luxury beachfront Bilinga project</a> saw a strong response.

Molti Director Ben Teague said the response has been incredibly positive.

"We’ve already had people join our waitlist at this early stage," Teague said, adding that buyers have been impressed with both the architecture and the beachfront position in Bilinga.

"We’ve been looking at the southern Gold Coast for a number of years, and while it’s seen considerable growth since the pandemic, we still feel there’s plenty more room to grow."

<img alt="Bilinga" data-entity-type="file" data-entity-uuid="90f45f83-d3ae-48fd-9b32-e28ac6b82207" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%209.15.01%20am_0.png?VersionId=8oIJOVH6SMSrf8SFM_IDJpf0RcIVOGBK" />

Molti's key business&nbsp;contacts and stakeholders from southern states, particularly Melbourne, are wanting to heavily invest in property in South East Queensland.

"That tells us the growth wasn’t solely pandemic-fuelled. While thousands from the southern states viewed it as an escape from lockdowns over 2020 and 2021, there’s still people moving in droves to SEQ, and forecasts suggest that will continue."

Prominent Canberra developer Amalgamated Property Group are set to bring some further supply to the Gold Coast off the back of the success of their under construction Broadbeach apartment development, Amaya Broadbeach.

Amalgamated Property Group Development Manager Michael D'Elboux says they&nbsp;are seeing a return of buyer confidence, which he says&nbsp;is a direct response to the recent introductions of developer/builders at the helm of both the project vision and delivery.&nbsp;

"Specific feedback that we’re hearing from our buyers at Amaya Broadbeach is that this is providing them with additional certainty knowing that the delivery of the home they’re investing in will actually be of the highest priority to both parties and that their successes go hand-in-hand; there isn’t another party calling the shots," D'Elboux says.&nbsp;

[smartcode_project:default project_id=111866 project_image_fid=205116]

"Industry-wide, this all contributes to a much-needed positive sentiment – these increases in sales and continuation of construction activity does have a broader flow-on effect, with impact on the general market confidence and therefore, future demand and supply."

D'Elboux said that even with the arrival of spring and its natural inclination for the number of sales to pickup, the majority of enquiries at the moment are discerning buyers, namely those who have been watching the marketplace for some time.&nbsp;

"Buyers are doing more independent research before they even reach out to us, which means we're experiencing higher-quality enquiries and shorter conversion timelines to purchase,"&nbsp;D'Elboux says.

[smartcode_project:default project_id=111866 project_image_fid=205115]

"They are connecting with the long-term vision so we’ve got a strong reassurance of a quality residential community that will be in alignment with our original concept.

"As well as holiday-home makers, we’ve definitely been seeing a strong pickup in owner-occupiers who are looking to the future and finding their way to get closer to the water and live that Gold Coast dream by the sand and the sea, but in a low-maintenance home for an easy lifestyle."

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.



City Beat September 2023: Gold Coast unit values pass $700k after continued 2023 growth

After surging 23 per cent over the past decade, Gold Coast population growth may be about to slow down, but the latest Colliers research suggests it will not put a dampener on the city’s property market.

“The most recent population estimates released in 2023 show a downward revision in the population projection compared to previous figures,” the latest Colliers Gold Coast Market Overview for the September quarter says.

“Nevertheless, the medium series estimates indicate a significant 41 per cent population growth between now and 2041.”

The downward revision means the Gold Coast won’t reach the previously expected target of more than one million people by 2041, instead reaching 915,611 by then.

Colliers Gold Coast director-in-charge Steven King says a slowdown in population growth isn’t about to put the brakes on the Gold Coast property market, which he suggests is thriving across all sectors.

“We have to put this into perspective as the Gold Coast is a maturing city with a maturing property market that will continue to be driven by its position as one of the fastest growing regions in Australia,” King said.

The Gold Coast’s population currently stands at 647,824, driven by a growth rate that has exceeded the 17 per cent Queensland average over the past 10 years.

“A substantial portion of this population increase is due to interstate migration, particularly from cities like Sydney and Melbourne,” King added.

“This influx has not only enriched the cultural fabric of the region, but also boosted the local economy by strengthening the labour force, and consequently this has ignited increased demand and competitiveness in the real estate market.

“The Gold Coast property market is thriving across all sectors, largely thanks to a slowdown in new project commencements, primarily driven by escalating construction costs.”

[smartcode_project:default project_id=107928 project_image_fid=208683]

According to the Colliers Market Overview, the Ormeau-Oxenford region will absorb the majority of that population growth by accommodating an additional 103,000 people between 2021 and 2041.&nbsp;

“This growth will be primarily driven by areas such as Coomera, Helensvale and Hope Island, which are anticipated to experience the highest growth in terms of population,” the report says.&nbsp;

Gold Coast North is expected to accommodate an extra 35,000 people over the same period, with Labrador and Biggera Waters playing a significant role in this population growth.&nbsp;

King said the downgraded population projections could be considered a positive for the Gold Coast.

“On the one hand it gives the city’s property market a breather to catch up but, on the other, the scale of future population projections indicates demand for housing is not going to fall off a cliff in the medium to longer term,” he said, adding that the near-term outlook remains supported by supply constraints.

[smartcode_project:default project_id=107928 project_image_fid=208677]

“The Gold Coast continues to draw significant interest from investors across various asset classes, which have retained their appeal due to limited supply, strong tenant demand and escalating rental rates.&nbsp;

“With an impressive pipeline of projects and substantial investments in infrastructure, including the anticipated benefits of hosting events during the 2032 Olympics, this region is poised for continued growth that can only intensify as the population heads closer to the million-people mark.

“The expansion of road and transport networks, along with the development of a high-frequency light rail system connecting the rapidly growing northern suburbs to Coolangatta in the south, will not only bolster public transit options but also make investing in the Gold Coast an even more attractive proposition.”

The Colliers Market Overview notes the Gold Coast region is being supported by a significant pipeline of public and private infrastructure spending, with the top seven projects alone – among them the M1 upgrade, the planned light rail extension and heavy rail upgrades for the Olympics - accounting for a combined investment of more than $16.6 billion.

Colliers Gold Coast director-in-charge Steven King says a slowdown in population growth isn’t about to put the brakes on the Gold Coast property market

Staff Writer

Slowdown in population growth no impediment to Gold Coast housing market: Colliers

David Devine's DD Living has unveiled the much-anticipated North Burleigh beachside apartment development, Burly Residences.

The 25-level premium development sprawls across a&nbsp;2024 sqm site across 264 and 266 Esplanade, offering never to be built out views of the sand and ocean.

The $480 million Burly Residences offers 100 luxury apartments and a suite of five-star resort amenities. There are a mix of two and three-bedroom apartments offering different views of North Burleigh headland or the beach. A handful of the apartments also have a multi-purpose room.

[smartcode_project:default project_id=134791 project_image_fid=220106]

DD Living had&nbsp;award-winning architect Koichi Takada of Koichi Takada Architects design the building, with Miriam Fanning, founding director of Mim Design, handling the interiors. The landscaping is by Thomas Schubel's LDG Landscape Architecture.

"Having the opportunity to bring such an iconic building to life in such a special part of the world makes me immensely proud,"&nbsp;David Devine said.

"That's why we've assembled a world-class team of architects, interior designers, landscape architects, and engineers to ensure that the finished product is the very best it can possibly be."

[smartcode_project:default project_id=134791 project_image_fid=220103]

Koichi Takada said he designed a building that mimics the natural rhythm of the tides.

"The billowing columns that support the building reference the barreling waves that make this place a surfing mecca," Takada said, emphasising the breathtaking views Burly Residences achieves.

"The higher you go, the more you become at one with your surroundings, where you will enjoy uninterrupted views of the hinterland and ocean beyond," Takada added.

[smartcode_project:default project_id=134791 project_image_fid=220104]

Miriam Fanning said Burly Residences will&nbsp;deliver an unparalleled standard of living and will benefit from a level of amenity unlike anything ever seen before in Australia," Fanning said.

"We've appointed every aspect to deliver ultimate tranquillity and ease of living. This design is a reflective response to the undulating oceans and sun-kissed sea."

Total Property Managing Director Adrian Parsons, who is managing the sales of the project, says Burly Residences is truly outstanding development.

“Burly provides a true essence of Gold Coast living,” Parsons says.

“Everything has been geared around the subtropical lifestyle which the Gold Coast is famous for, from wide balconies and sunny decks to extensive views up and down the coastline.”

Parsons says the “playground” of amenity on offer suits the owner-occupier, as well as the buyer who wants to spend a few weeks at a time at Burly Residences.

[smartcode_project:default project_id=134791 project_image_fid=223396]

Residents of Burly Residences will enjoy access to two floors of five-star resort amenities, including resort-style pools set amid tropical gardens, a pool deck, and a luxury beach club. There's also wellness facilities in the form of a gym, yoga and Pilates lounge, Peloton room, steam room and a sauna.

Completing the amenities is a cinema, work from home office spaces and an executive lounge with a bar.

Parsons says the location of Burly Residences also appeals to the owner-occupier.

"North Burleigh is a little different to Burleigh Heads," Parsons says.

"It's a quieter lifestyle, literally a few steps from the ocean, while also being a short walk to Burleigh Heads to the south and Miamia and Nobby's Beach to the north. It offers the best of both worlds."

Burly Residences is slated for completion in 2026.

[smartcode_project_cta:default project_id=134791]

The 25-level premium development sprawls across a 2024 sqm site across 264 and 266 Esplanade, offering never to be built out views of the sand and ocean

DD Living reveal luxury Burly Residences development

In an environment where many projects have stalled or are unable to secure a builder, Chevron Island’s newest tower, Tapestry, is forging ahead after Siera Property Group expanded its own in-house construction team to deliver the $135 million state-of-the-art project.

This week the future residents of Tapestry got behind the shovels to turn the first sod to mark the start of construction, joined by Cr Darren Taylor and UDIA Queensland CEO Kirsty Chessher-Brown.

The 22-storey sculptural tower has been designed by local architecture firm BDA as a ‘cultural continuation’ of the neighbouring HOTA precinct.

[smartcode_project:default project_id=108641 project_image_fid=216184]

SIERA Founder and Managing Director, Brent Thompson, said more than 90 per cent of Tapestry’s purchasers were owner-occupiers, making the construction commencement milestone particularly special.

“Tapestry’s design reflects and celebrates its proximity to both the cultural precinct and the Surfers Paradise beachfront, both of which have become icons of the Gold Coast,’’ Thompson said.

“The building’s defining architectural features pay homage to HOTA with its curved blade walls, while cantilevered balconies rising above the landscaped podium level will frame views to the Nerang River, Surfers Paradise skyline, Gold Coast Hinterland and the arts precinct.

“Our purchasers are excited about what the future will bring living in the heart of this vibrant yet exclusive enclave. They can’t wait to see it come out of the ground.”

[smartcode_project:default project_id=108641 project_image_fid=205167]

Local newlyweds Carla and Joel Papas-Karanges purchased an apartment at Tapestry in June last year.

“We could see how underrated Chevron Island was and we knew we had to get into Tapestry,” Carla said.

“It’s so liveable with the amount of green space nearby and we can walk anywhere with our dog. Everything we need is here on the island. We feel like it’s going to be the next Burleigh or James Street.

"Tapestry’s design was a big drawcard for us and we love the rooftop. The easy access to HOTA markets and the beach - Chevron Island has everything you need, and the building has everything you need.”

[smartcode_project:default project_id=108641 project_image_fid=192964]

Thompson said the group’s decision to deliver Tapestry as a developer-builder provided certainty and progress in a volatile construction market.

“SIERA has always been a developer-builder so the decision to deliver Tapestry ourselves is a natural fit,” he said.

“For Tapestry, it afforded us with a unique opportunity to expand our existing in-house team with established builders who have a track record of delivering multi-storey developments on the Coast.

“This combined team will be supported by a handpicked group of skilled sub-contractors and will be one of the best resourced projects on the Gold Coast.’’ Designed in collaboration with innovative local architects BDA, Tapestry comprises 113 luxury two and three-bedroom apartments and a standard of rooftop amenity unrivalled on the Gold Coast.

“Tapestry sets itself apart from all other developments because of its incredible facilities for residents,’’ Thompson said.

“The highlight of these will be the infinity-edge pool with its breath-taking views across Surfers Paradise beaches to the hinterland.’’

[smartcode_project:default project_id=108641 project_image_fid=192961]

Tapestry’s rooftop delivers more than 700 sqm of separate recreation zones for residents to relax, connect and engage in the elevated landscape. It includes a private dining space and kitchen, lounge and fire pit, yoga lawn, pool, spa and sundeck, barbecue and alfresco area, gym, sauna, steam room, and lounge area separated by extensive landscaping.

The rooftop will also feature an edible rooftop garden complete with a tool shed and composting facilities.

Remaining apartments for sale at Tapestry start from $939,900.

The $135 million Tapestry project will be constructed on the 1,518sq m site at 39 Darrambal Street. SIERA’S other Gold Coast projects include Pipis, an 11-storey beachfront residential building on Golden Four Drive in Bilinga, which has just commenced construction, and a 25-storey tower on Enderley Avenue in Surfers Paradise that will be released to the market in 2024.

[smartcode_project_cta:default project_id=108641]

The 22-storey sculptural tower has been designed by local architecture firm BDA as a ‘cultural continuation’ of the neighbouring HOTA precinct

Siera kick off construction at Chevron Island apartment development, Tapestry

Evoke Property Group, led by seasoned Queensland developer Paul Spina, has officially commenced construction on their Palm Beach apartment development, Elevaire.

They've appointed Stokes Wheeler to build the 40-apartment project at 1409-1411 Gold Coast Highway,&nbsp;just a stone's throw away from the shores of Palm Beach.

Boasting a collection of two and three-bedroom residences, Elevaire has garnered significant attention from prospective buyers hailing not only from Queensland but also from Victoria.

The Cottee Parker tower has nine levels and a&nbsp;ground-floor wellness centred recreational area, featuring hot and cold magnesium pools, an open beach shower, sauna, and day beds.

[smartcode_project:default project_id=112941 project_image_fid=216016]

Each residence within Elevaire has been crafted to capture distinct aspects of its surroundings, be it the vast expanse of the coastline, the elevated vantage point, or the scenic hinterland views.&nbsp;

Francis Greenman, the creative mind behind Cottee Parker's design, says Elevaire is inspired by the glistening ocean waves and the rolling sand dunes.

"The interior palette is subtle and inviting, understated in its connection to the surroundings."

[smartcode_project:default project_id=112941 project_image_fid=216018]

Every residence has been designed to foster an unbroken flow of idyllic indoor-outdoor spaces that seamlessly connect residents with the natural beauty that surrounds them.

Situated in the coveted North Palm Beach pocket, Elevaire epitomises the true spirit of Gold Coast living in perfect harmony with its natural surroundings. Here, residents are at home on Australia's premier cosmopolitan coastline, with an array of epicurean features, from hinterland retreats to vibrant artisan cafes, restaurants, and beachfront bars.

[smartcode_project_cta:default project_id=112941]

They've appointed Stokes Wheeler to build the 40-apartment project at 1409-1411 Gold Coast Highway, just a stone's throw away from the shores of Palm Beach

alisonwarters@gmail.com

Evoke Property Group breaks ground on Elevaire Palm Beach apartment development

A dynamic Gold Coast duo are teaming up for the next residential development to hit Burleigh Heads.&nbsp;

Private developer 21 Property Group and husband and wife team Nicquel and Sam Carmichael's Carmichael Build are in the midst of transforming a site across the road from Burleigh Beach into a boutique collection of just six oversized luxury duplex.&nbsp;

Designed by building designer and architect Story Design Collective, the aptly named project, Burleigh Beach Houses, is currently under construction, with a slated completion date of Q2 2024.&nbsp;

Nestled in the heart of Burleigh Heads, the coastal haven renowned for its pristine beaches and laidback lifestyle, Burleigh Beach Houses is the embodiment of coastal luxury, offering 330 sqm of indoor and outdoor living space across three levels.

[smartcode_project:default project_id=141528 project_image_fid=220031]

Boasting a north-facing orientation, the&nbsp;striking streetscape welcomes residents with a combination of understated weatherboard and render façade softened by lush greenery cascading from the garden beds above.

Soaring cathedral ceilings and curved feature walls feature within the villas, which have been thoughtfully designed to include a lift providing access to all levels, making them accessible and convenient for all residents.

All four bedrooms and bathrooms are located on the upper levels, ensuring privacy and comfort. The ground floor will home an open-plan kitchen, dining, and lounge area, which serves as the central hub for families, before seamlessly connecting to a north-facing alfresco area, complete with a plunge pool, built-in dining booth and bar cabinetry with a sink and bar fridge.&nbsp;

Three more bathrooms are featured the homes, including two ensuites, as well as a powder room on the middle level and a private study.&nbsp;

[smartcode_project:default project_id=141528 project_image_fid=220042]

Throughout the villas, travertine stone benchtops, brushed nickel tapware, engineered timber floors, premium carpets, and ducted and zoned air-conditioning have been incorporated, while externally, lush landscaping imbues the homes into the sub-tropical climate, all maintained by automatic and timed irrigation systems.&nbsp;

For added convenience and security, an intercom, security cameras, and a security system are also included.

Burleigh Beach Houses offer an enviable location, just footsteps from the iconic Burleigh Beach. The nearby&nbsp;Village Markets provide an opportunity to stock up on fresh produce, while the cosmopolitan James Street cuisine scene is just a short stroll away.&nbsp;

[smartcode_project_cta:default project_id=141528]

Burleigh Beach Houses: Where coastal luxury meets relaxed elegance

Defined by its secluded beachfront and headland views, Miami cultivates a relaxed lifestyle and a strong sense of connection to both place and people.

The Gold Coast suburb has experienced a boom in recent times, with&nbsp;the median unit price jumping 48 per cent in the last three years. Miami has also been proven as somewhere people don't want to leave. The average duration of homeownership in the beachside suburb is around 50 per cent more than the neighbouring&nbsp;Burleigh and Mermaid Beach.

Renowned boutique townhome developer Highlife Homes has taken to the sought-after locale for their latest project, Harmoni on Hythe, where residents are treated to a unique blend of natural beauty and urban amenities.

[smartcode_project:default project_id=140364 project_image_fid=218341]

Hythe Street, where Harmoni on Hythe sits, is located just 160 metres from the sands of Miami Beach, where local favourite Piccolo's Espresso Café is conveniently located within the Miami Surf Club. The proximity to the beach and local cafes epitomises the quintessential coastal lifestyle that Miami offers.

Miami residents are spoiled for choice when it comes to recreational activities. The suburb is strategically positioned close to major amenities. It sits next to the vibrant Mermaid Beach and enjoys proximity to the renowned Burleigh Golf Course and Pizzey Park, with the multipurpose facility offering rugby, tennis, swimming, netball, gymnastics, and even an athletics track. There's also a skate park and a dog exercise facility.

Whether you're a golf enthusiast, a fitness fanatic, or simply someone who enjoys leisurely strolls in the park, Miami has you covered.

Residents of Harmoni on Hythe are also well-connected to the broader Gold Coast area. The Gold Coast Highway is easily accessible, allowing for convenient travel both north and south. North Burleigh is a mere 500 metres from the development, making it easy to enjoy the far-reaching coastline, while for families, Miami State High School is located just 850 metres away, adding to the convenience for school-going children.

[smartcode_project:default project_id=140364 project_image_fid=218338]

Harmoni on Hythe residents are not only surrounded by natural beauty but also immersed in the cultural vibrancy of Miami. Enjoy a leisurely sunset stroll along the Oceanway path, offering views of the iconic coastline, or, dive into the buzzing atmosphere of the neighbourhood's eclectic mix of unique cafes, celebrated restaurants, and inspired music and market events, all within walking distance from Harmoni.&nbsp;

Miami Aquatic Centre, featuring two heated Olympic 50-meter pools, an indoor training pool, and a children's play area, is just five-minutes away, as is Miami Tennis Club, which has ten synthetic grass courts, two air-conditioned clubhouses, and a pro shop.

Miami Marketta brings the suburb to life at night every&nbsp;Wednesday, Friday and Saturday. Located just a kilometre from Harmoni, the indoor and outdoor night market features live music, a diverse selection of street food, cocktails, and craft beer, creating an unforgettable dining and entertainment experience.

Dotted with open green spaces, Harmoni also benefits from being just a stone's throw from&nbsp;Redondo Park and Don MacSween Park, giving residents a plethora of opportunities to get outside and enjoy the outdoors.&nbsp;

Construction on the project has just completed, with only three townhomes remaining.&nbsp;

[smartcode_project_cta:default project_id=140364]

The Gold Coast suburb has experienced a boom in recent times, with the median unit price jumping 48 per cent in the last three years.

Why Miami is proving to be one of the Gold Coast's most sought after suburbs

Burgeoning South East Queensland developer Molti has honed in on its next project.

Half way through their Noosa project, a collection of just six high-end homes dubbed&nbsp;Residences on Wyandra, Molti, led by Ben Teague and Matt Martino, is set to develop on the beach in Bilinga.

<img alt="Molti" data-entity-type="file" data-entity-uuid="271a0ce5-fed8-45ec-83f8-d310314251fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-18%20at%202.11.38%20pm.png?VersionId=rbjfBKxQp4wR25iD82T9RRxRbsHBJu8N" />The Molti team, from left to right:&nbsp;Shane Bulloch; Elise Teperman; Ben Teague; Alex Smith; Eliza Teague; Matt Martino.

They've acquired a prime beachfront site at 307 Golden Four Drive through GV Property Group and have submitted plans for a luxury apartment development.

The BDA Architecture-designed project, next door to the under construction Si Bilinga apartment development and a few doors down from the recently launched Pipis by Siera, will have 19 apartments designed for the owner-occupier.

<img alt="Molti Golden" data-entity-type="file" data-entity-uuid="d6437ac6-41c3-4c7e-8a9f-cc079b9901e4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-18%20at%202.13.34%20pm.png?VersionId=EFmLxSsXlkueWjQ.yuUTB6KSdobErbJU" />The view from Golden Four Drive: Image supplied

There will be 16 three-bedroom apartments on offer, 15 of those with multi-purpose rooms, and three four-bedroom apartments.

One of the four-bedders is on the ground level, spanning over 400 sqm of indoor and outdoor space. That has its own private terrace with plunge pool, outdoor barbecue and alfresco, and an outdoor firpelace. The other two penthouses, across&nbsp;the the top two levels of the 11-level building, each have a rooftop pool, barbecue deck, and multi-purpose room.

The resident amenity, in the form of a swimming pool, outdoor kitchen and dining area, and sauna, is located on the ground floor.

<img alt="Bilinga" data-entity-type="file" data-entity-uuid="108ffeac-8593-4e45-8249-f122d679addf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-18%20at%202.15.22%20pm.png?VersionId=Yhhjb.YefII7aKw13a.yqLkUjqP0qfZo" />The beachside swimming pool: Image supplied

Ben Teague said the site offered the perfect opportunity for the group's next venture.

"As soon as we saw the site, was saw the opportunity it provided for a striking addition to the Bilinga beachfront," Teague said.

He said their brief to BDA was to create something that was a little out of the norm to create a point of difference on the beachfront.

"They've certainly met the brief, creating something which will stand as a welcome addition to the beach for years to come."

BDA said the&nbsp;project offers the opportunity to design an innovative architectural building within the Bilinga Beach precinct.

<img alt="BDA" data-entity-type="file" data-entity-uuid="939fd129-028b-4503-9d7d-b780229718aa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-18%20at%209.38.06%20am.png?VersionId=aSrE2k6C0HsSCF.HxkTTPldUB.ZDZWf4" />The prime location on Golden Four Drive: Image supplied

"The proposed residential building provides a coastal character that looks to create a timeless architectural landmark along Golden Four Drive and the beachfront," BDA noted in their design statement.

"The intent of the design is to create a high quality residential apartment building, achieving a design outcome that provides a high standard of liveability and generates an appropriate scale in the developing context."

The building has been broken up into three distinct areas, BDA says.

"The ‘base’ is a highly detailed and landscaped entry, which grounds the tower into it’s natural context, providing cascading planting from above and deep planting from below. The ‘middle’ is a series of vertical and horizontal elements, full height glass, vertical angled blades walls, horizontal slab projections, sliding privacy screens and generous balconies. The ‘top’ is capped by a large expressed floating roof, with recessed glazing and private rooftop recreation areas.

"With all 3 areas combined, the overall tower form is cohesive and an elegant addition to the emerging Bilinga skyline."

<img alt="Bda" data-entity-type="file" data-entity-uuid="0489c728-7ab9-4a6c-95be-4a4b37ded4e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-09-18%20at%209.43.12%20am.png?VersionId=nxwgYeVM.PwyBtx4zoqw618oMUy0SBOA" />The top of the project: Image supplied

The 1,124 sqm double block is currently occupied by a three-level walk-up and a three-level house.&nbsp;

The team’s other venture, alongside former professional surfer and Olympic Bronze medallist, Owen Wright, includes four luxury residences in Byron Bay achieving a record off the plan $6.5 million sale. Only one of these properties remains available to purchase.

They've acquired a prime beachfront site at 307 Golden Four Drive through GV Property Group and have submitted plans for a luxury apartment development

First look exclusive: Molti secure prime Bilinga site, plan luxury apartment project

One of the Gold Coast’s greenest towers, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>, is set to become greener, with the announcement on a new partnership with&nbsp;mobility company Outbound.

Outbound will provide residents with exclusive EV car sharing services, making it one of the first residential buildings on the Gold Coast to do so.&nbsp;

Residents will get access to a fleet of EV’s, which can be reserved and accessed via a customised <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> resident app, encouraging residents to reduce the need for private car ownership. The lack of necessity of a private car is heightened given <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>’s location, ideally positioned on the Gold Coast light rail.&nbsp;

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Outbound CEO Luke Rust said the partnership with developer MRCB International at <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> signals the first residential partnership in Queensland for the tech transport startup.

"The project is a real showcase of what’s possible when developers prioritise convenience, luxury and&nbsp;sustainability for the benefit of their residents. Electric car sharing is an accelerating trend in buildings around the world and we’re excited to be pioneering the concept in Queensland,” Rust said.&nbsp;

[smartcode_project:default project_id=112730 project_image_fid=221706]

MRCB International has employed a number of green initiatives for <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a>, including adopting an all-electric solution and eliminating gas via SUPA Energy, Australia’s most progressive energy solution.

Outbound’s EV charging stations will be powered by sustainable green-power sources supplied by SUPA Energy, allowing residents to charge vehicles via access to SUPA’s network of renewable electricity.

[smartcode_project:default project_id=112730 project_image_fid=211248]

MRCB International CEO Ravi Krishnan said <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> demonstrates the company’s commitment to delivering a project that introduces change in a market that is proving to be slower to welcome eco-initiatives.

"We are proudly moving away from gas and have now unveiled a sustainable transport option for residents; two initiatives that are more commonplace interstate but rarely explored within Gold Coast developments,” Krishnan said.&nbsp;

Soaring 51-storeys high and designed by local architecture firm DBI Design, <a href="/new-apartments/vista-surfers-paradise-26-vista-street-surfers-paradise">26 Vista</a> offers a range of one, two and three-bedroom apartments with views of either the ocean, towards the river, or the hinterland.

[smartcode_project:default project_id=112730 project_image_fid=211250]

Residents will have access to an abundance of amenities, including an internal ‘wellbeing’ precinct featuring a spa, gym, outdoor yoga space, pool, sauna and steam room and a residents lounge.

For residents located on or above level 33, the highest residential sky pool in the Gold Coast awaits on Level 51, presenting views that stretch out across the ocean.

The project is due to be completed in 2026.

[smartcode_project_cta:default project_id=112730]

Residents will get access to a fleet of EV’s, which can be reserved and accessed via a customised 26 Vista resident app, encouraging residents to reduce the need for private car ownership

MRCB and Outbound team up for EV car sharing partnership in Gold Coast first

Market forces that have challenged the Queensland development industry are subsiding and giving developers renewed confidence to begin projects to meet high migration to the state, industry leaders said today.

At a special Round Table forum hosted by property industry specialists Media Hunt in conjunction with Ocean Road Magazine, the head of Australia’s largest building company, Hutchinsons, and other industry leaders, reinforced the incredible future ahead for the industry.

Addressing industry at Royal Pines Resort today, Hutchies Chairman Scott Hutchinson, the keynote speaker, said high inflation and higher interest rates had created a “triple whammy” for the market – with build costs sending builders to the wall, developers unable to make projects feasible, and buyers wary given upward interest rate trends.

However, he said these forces were stabilising and the challenge now would be for the industry to deliver projects to meet the high migration demands which are seeing almost 50,000 people a year coming to Queensland.

“The big challenge now is how to we find enough tradespeople to deliver much needed projects to the market in such a high migration environment where housing demand has probably never been higher,” Hutchinson said.

“This is accentuated by the fact that there is so much competition for trades due to the extraordinary amount of public infrastructure spending by governments because of Queensland’s popularity, growth and the coming 2032 Olympics.”

His comments were echoed by integrated property advisory group Urbis, which added that careful planning was required to ensure the retention of the lifestyle that was drawing almost 1000 people a week to Queensland.

Paul Riga, Director of Urbis. said we are all acutely aware of the growth trajectory that Southeast Queensland is on and there is certainly a dire need to make sure we get our growth plans right as we manage the exciting future prospects of the region.

“The Gold Coast is forecast to see an increase of around 150,000 residents between 2022 and 2037, requiring around 60,000 dwellings," Riga said.

“To achieve this we will need to ensure opportunities for low and middle income housing with strong connectivity to public transport and core lifestyle amenity.&nbsp; In doing this we cannot lose sight of the importance of urban design and the increased sense of community this can bring.”

Discussion also focussed on how governments could improve the viability of the industry to meet market demand and address housing affordability.

Dan Marino, Director of Hickey Lawyers, said scrapping the GST on developer sales would improve viability.

“Where escalated building prices and increased costs of finance are frustrating feasibilities, giving back tax and stamp duty relief to developers may&nbsp;reverse an unfeasible development with a 7-10% starting margin that may result in more active development,” he said.

“Reform of tax to accelerate development and building activity is problematic but could definitely&nbsp;be considered.”

Developer builders John Kearney (Greyburn) and Robert Badalotti (Azzura) both acknowledged the advantages of retaining their own builders in the current market.

“It has been a definite advantage for us in terms of being able to control price and create more certainty around delivery for our customers,” said Kearney, of Greyburn Builders, who is also developing Rhythm Kirra Hill at Coolangatta.

[smartcode_project:default project_id=112169 project_image_fid=207550]

Robert Badalotti, one of the most longstanding Gold Coast developers who has delivered thousands of homes and apartments in Queensland over three decades, is set to embark on the second stage of the four stages of his $3.1 billion Imperial Square development at Southport.

“Having our own build team combined with the strong migration certainly gives us the confidence to begin the next stage,” said Mr Badalotti.

“I am very bullish about the Gold Coast and in particular Southport as the city’s undisputed CBD. Migration will remain very strong over the next decade and people including retirees will continue to flock to the Gold Coast.”

Having sold out his first stage Regal Residences, Azzura is now planning to release Monarch Place to the market which will include luxury residential apartments and a state of the art over 65s retirement village.

Jayde Pezet of the city’s leading boutique project marketing firm Pezet Matheson echoed the sentiment with strong sales attributed to developers with excellent credentials, longstanding industry relationships, and a track record of delivering on promises.

[smartcode_project:default project_id=108747 project_image_fid=193023]

“We are seeing an unprecedented time in the construction sector. However, sales remain strong and developers that are highly credentialed, hold long standing industry relationships and can deliver are succeeding in the current market,” he said.&nbsp;

“Many of the larger companies have announced that they will be forging ahead by creating their own construction arms, seeing the emergence of the developer/builder. Though the underlying fact is that there is a shortage of skilled trades, which is not simply overcome by additional construction companies.”

Matt George of Urban Activation stressed the significance of a builder's history, delivery track record, and financial strength in instilling buyer confidence.&nbsp;

“Developer history, delivery and financial strength of the builder that the developer has partnered with are the key to buyer confidence. These are the questions we are hearing from every purchaser prospect.”

He said purchasers are looking for certainty, however often they are too late for the projects under construction and want as much certainty as possible for an off the plan purchase.

[smartcode_project:default project_id=112730 project_image_fid=211248]

“Where escalated building prices and increased costs of finance are frustrating feasibilities, giving back tax and stamp duty relief to developers may&nbsp;reverse an unfeasible development with a 7-10% starting margin that may result in more active development,” he said.

Andrew Erwin of NPA Projects predicted a shift towards smaller boutique developments over towering structures. He emphasised the pivotal role of esteemed, reliable builders in instilling buyer confidence.&nbsp;

[smartcode_project:default project_id=139511 project_image_fid=213457]

“Future off-plan projects should have construction underway or a definitive commencement date before launching marketing campaigns to assure buyers of the builder's reliability.”

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