<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

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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