<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360965]

“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360966]

Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

&nbsp;

[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

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

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

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

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

Great Barrier Reef

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An approved beachfront tourist accommodation park at 66-72 Rules Beach Road, on the edge of The Great Barrier Reef has hit the market.
The asset offers a 5.05 hectares of land area that is the balance area of ‘Rules Beach Estate’ and is being offered by way of expressions of interest closing June 25 2020.
The site is being marketed and sold by Ray White Special Projects Qld Executive Directors Mark Creevey and Tony Williams, in conjunction with HTL Property Directors Glenn Price and Brent McCarthy.
<img src="https://f.datasrvr.com/f1/120/40079/Rules_1.JPG" width="640" data-imagetype="External">
Mr Creevey said, "we know travel overseas will be heavily restricted in the short-to-medium term, and maybe even longer, so people’s focus will turn to domestic destinations."
“We expect a huge amount of money to be invested in tourism at home, and this asset really does represent exactly the kind of resort Australians will look to visit in the near future."
Mr Williams said the thoughtful and architecturally designed scheme was led by Shane Thompson, a prominent Australian architect, and Principal of Shane Thompson Architects.
“The site has development approval in place for glamping, camping and caravan park, as well as 42 freehold holiday villas and a rural service centre,” he said.
“It’s encircled by unspoiled beaches, Deepwater National Park and Baffle Creek inlet, with access to Lady Elliot and Lady Musgrave islands.
“Substantial development and infrastructure works to the estate have already been undertaken with access, power and water connected, and DA for sewerage treatment plant," Mr Williams added.
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j.ballantyne1990-6AQqhLzZaK

Approved beachfront tourist accommodation park near Great Barrier Reef listed

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GUEST OBSERVATION
Deloitte Access Economics <a href="https://www2.deloitte.com/au/en/pages/economics/articles/great-barrier-reef" target="_blank">has valued</a> the Great Barrier Reef at A$56 billion, with an economic contribution of A$6.4 billion per year. Yet this figure grossly underestimates the value of the reef, as it mainly focuses on tourism and the reef’s role as an Australian icon.
When you include aspects of the reef that the report excludes, such as the ecosystem services provided by coral reefs, you find that the reef is priceless.
Putting a price on the Great Barrier Reef buys into the notion that a cost-benefit analysis is the right way to make decisions on policies and projects that may affect the reef. For example, the environmental cost of the extension to the <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2015-12-22/massive-abbot-point-coal-port-expansion-gets-federal-approval/7047380" target="_blank">Abbot Point coal terminal</a> can be compared to any economic benefits.
But as the reef is both priceless and irreplaceable, this is the wrong approach. Instead, the <a href="http://unesdoc.unesco.org/images/0013/001395/139578e.pdf" target="_blank">precautionary principle</a> should be used to make decisions regarding the reef. Policies and projects that may damage the reef cannot go ahead.
How do you value the Great Barrier Reef?
The Deloitte report uses what’s known as a “contingent valuation” approach. This is a survey-based methodology, and is commonly used to measure the value of non-market environmental assets such as <a href="http://www.appstate.edu/%7Ewhiteheadjc/eco3620/projects/mocktrial/pdf/loomisandwhite-ee-1996.pdf" target="_blank">endangered species</a> and <a href="http://www.jstor.org/stable/pdf/2663496.pdf" target="_blank">national parks</a> – as well as to calculate the impact of events such as <a href="http://econweb.ucsd.edu/%7Ercarson/papers/AlaskaReport.pdf" target="_blank">oil spills</a>.
In valuing the reef, surveys were used to elicit people’s willingness to pay for it, such as through a tax or levy. This was found to be A$67.60 per person per year. The report also uses the travel-cost method, which estimates willingness to pay for the Great Barrier Reef, based on the time and money that people spend to visit it. Again, this is commonly used in environmental economics to value national parks and the recreational value of local lakes.
Of course, all methods of valuing environmental assets have limitations. For example, it is difficult to make sure that respondents are stating realistic amounts in their willingness to pay. Respondents may act strategically if they think they really will be slugged with a Great Barrier Reef levy. They may conflate this environmental issue with all environmental issues.
But more importantly, the methodology in the report leaves out the most important non-market value that the reef provides, which are called <a href="http://www.environment.gov.au/biodiversity/publications/ecosystem-services-key-concepts-and-applications" target="_blank">ecosystem services</a>. For example, coral reefs provide storm protection and erosion protection, and they are the nurseries for 25% of all marine animals which themselves have commercial and existence value.
The Deloitte report even cites (but does not reference) a <a href="http://www.sciencedirect.com/science/article/pii/S0959378014000685" target="_blank">2014 study</a> that values the ecosystem services provided by coral reefs at US$352,249 per hectare per year. The Great Barrier Reef Marine Park <a href="https://www.npsr.qld.gov.au/world-heritage-areas/great_barrier_reef" target="_blank">covers 35 million hectares</a> with 2,900 individual reefs of varying sizes. This means the ecosystem services it provides are worth trillions of dollars per year.
That is, it is essentially priceless.
The problem with putting a value on the Reef
Valuing the environment at all is <a href="https://www.theguardian.com/environment/georgemonbiot/2014/jul/24/price-nature-neoliberal-capital-road-ruin" target="_blank">contentious</a> in <a href="http://www.sciencedirect.com/science/article/pii/S0095069684710084" target="_blank">economics</a>. Valuation is performed so that all impacts from, say, a new development, can be expressed in a common metric – in this case dollars. This allows a cost-benefit analysis to be performed.
But putting a price on the Great Barrier Reef hides the fact that it is irreplaceable, and as such its value is not <a href="http://le.uwpress.org/content/82/2/141.short" target="_blank">commensurate</a> with the values of other assets. For instance, using Deloitte’s figure, The Australian newspaper <a href="http://www.theaustralian.com.au/national-affairs/great-barrier-reef-valued-at-more-than-12-opera-houses-study/news-story/33e7f7420e2b41bf9efd6a4aa6e3351b">compared the reef</a> to the value of 12 Sydney Opera Houses. But while they are both icons, the Opera House can be rebuilt. The Great Barrier Reef cannot. Any loss is irreversible.
When environmental assets are irreplaceable and their loss irreversible, a more appropriate decision-making framework is the <a href="http://unesdoc.unesco.org/images/0013/001395/139578e.pdf" target="_blank">Precautionary Principle</a>.
The Precautionary Principle suggests that when there is uncertainty regarding the impacts of a new development on an environmental asset, decision makers should be cautious and minimise the maximum loss. For example, if it is even remotely possible that the extension to the Abbot Point coal terminal could lead to <a href="https://www.propertyobserver.com.au/http://www.abc.net.au/news/2015-12-22/massive-abbot-point-coal-port-expansion-gets-federal-approval/7047380" target="_blank">massive destruction</a> of the reef, then precaution suggests that it shouldn’t go ahead.
Assigning a value to the reef might still be appropriate under the Precautionary Principle, to estimate the maximum loss. But it would require the pricing of all values and especially ecosystem services.
While the Precautionary Principle has been <a href="http://www.public.iastate.edu/%7Ejwcwolf/Papers/Gardiner%20on%20Precautionary%20Principle.pdf" target="_blank">much maligned</a> due to its perceived bias against development, it is a key element of the definition of Ecologically Sustainable Development in Australia’s <a href="https://www.legislation.gov.au/Details/C2012C00801" target="_blank">Environment Protection and Biodiversity Conservation Act 1999</a>.
For a priceless asset like the Great Barrier Reef, it is perhaps better to leave it as “priceless” and to act accordingly. After all, if the Precautionary Principle is ever going to be used when assessing Ecologically Sustainable Development, in contrast with cost-benefit analysis and valuations, it is surely for our main environmental icon.
Ultimately, the protection and prioritisation of the Great Barrier Reef is a political issue that requires political will, and not one that can be solved by pricing and economics.<img src="https://counter.theconversation.com/content/80061/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Neil Perry, Research Lecturer, Western Sydney University
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/whats-the-economic-value-of-the-great-barrier-reef-its-priceless-80061" target="_blank">original article</a>.
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What's the economic value of the Great Barrier Reef? It's priceless

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Terry Agnew has offloaded Great Keppel Island resort to an Asian duo, after a recent agreement with a cryptocurrency consortium for the island did not proceed..
The buyer, identified as Wei Chao Pty Ltd Singapore, lists its directors as Wan Long Wei and Pauline Wei from Taiwan as well as Peter Godber from Brisbane.
<div>The sale involves a significant portion of 970 ha of development approved land on the island, subject to State and Federal Government requirements.</div>
<div> </div>
<div>Current development approvals for the island include a 250-room beachfront hotel, 300 luxury apartments, 285 luxury villas, 9,000sq m of retail shops and a 250-berth marina.</div>
<div>
Knight Frank Rockhampton agent Pat O’Driscoll was marketing Great Keppel Island with JLL Hotels with over 100 requests for information memorandums.
While an agreement has been reached, the sale process is yet to be finalised.
Great Keppel is the largest in the Keppel group of Islands with a total area of some 1454 ha and boasts 17 white sandy beaches and crystal clear waters just 12 kilometres off Yeppoon on the Capricorn Coast at the southern end of the Great Barrier Reef. 
The sale of Great Keppel Island is the fifth Great Barrier Reef island sale over the past two years, which includes South Molle Island, Daydream Island, Wilson Island and Heron Island.
 
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Terry Agnew offloads Great Keppel Island resort to Asian duo

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A cryptocurrency consortium plans to resurrect luxury resort plans for Great Keppel Island.
Great Keppel will become the world’s largest island cryptocurrency micro-economy, a project that could bring the new digital economy to the bricks-and-mortar mainstream.
Investors will be invited to buy so-called Great Keppel Island Tokens in order to fund the $300 million development through what is known as a Security Token Offering, similar to an initial public offering for shares.
The tokens will be tradeable on existing cryptocurrency exchanges.
Under the deal, the owner of the existing defunct resort at Great Keppel Island, Tower Holdings, will retain 12% of the GKI Tokens.
Tower Holdings, which owns more than 70% of Great Keppel Island, is owned by Sydney businessman Terry Agnew.
The GKI Tokens will be backed by the value of the development.
Building is expected to start next year and be completed within five years.
<p data-gtm-vis-polling-id-6236702_632="810" data-gtm-vis-recent-on-screen-6236702_632="1536019780230" data-gtm-vis-first-on-screen-6236702_632="1536019780230" data-gtm-vis-total-visible-time-6236702_632="2900">The STO is being marketed with a flashy sales video starring Greg Norman, who is designing the development’s golf course.
"The development is fully supported from all levels of Australian government, federal, state and local, and has approval for the immediate development of an 18-hole international golf course," says the video.
"Also approved are 750 luxury villas … 300 luxury apartments and a five-star beachfront resort with 250 rooms and a 250-berth marina."
Tower Holdings’ chief executive officer, Anthony Aiossa, told Fairfax Media even with all the approvals in place, Tower had difficulty raising the funds to develop the site until it was approached by someone proposing the cryptocurrency consortium earlier this year.
He said the company had to do homework into cryptocurrencies before it seriously considered the deal.
It is expected that a white paper, similar to a prospectus, will be released on Friday or Monday, with the minimum likely to be more than $100,000, while those buying in during the retail round might have to meet a minimum of around $1000. 
"I think to get a lot of people involved is a wonderful idea," the unofficial mayor Jeff Mercer told Ross Greenwood's 2GB Money News.
The island is a small active township with 18 private homes, he said, adding that the island wasn't closed.
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Cryptocurrency play behind Great Keppel Island's $300 million development proposal

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GUEST OBSERVATION
The Great Barrier Reef has experienced extensive coral bleaching over the past two years. Faced with this reality, scientists are proposing a range of options to save the reef.
A recent conference showcased new possibilities for enhancing Reef resilience, including boosting coral abundance and geoengineering techniques that would manipulate local conditions to reduce ocean temperatures.
These geoengineering approaches carry their own risks, and require careful management, even at the research and field testing stages.
Technology is needed to buy the reef time
Climate change is affecting the reef through bleaching events, species redistribution, and ocean acidification. Stabilising environmental conditions “to protect current reef biodiversity” requires that global temperatures stay below 1.2℃. Yet modelling of the global community’s current commitments under the Paris Climate Agreement suggests that global warming between 2.6-3.2℃ will occur by 2100. This would destroy the Great Barrier Reef as we know it.
<img src="https://images.theconversation.com/files/229736/original/file-20180730-106514-c759g6.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">
Artificial marine clouds already occur as a result of shipping exhaust. Scientists propose simulating this to cool the Reef. Liam Gumley, Space Science and Engineering Center, University of Wisconsin-Madison
It is not surprising, then, that scientists are looking to buy the reef some time, while the international community works to stabilise and then reduce global greenhouse gas emissions. The Commonwealth and Queensland governments have announced funding for feasibility projects aimed at manipulating surface water temperatures using three different techniques:
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<li>
Creating a reflective surface film that would float on the surface of the water. Made from calcium carbonate (the same mineral as coral), the film would reflect sunlight, thereby lowering water temperatures and ultraviolet radiation exposure.
</li>
<li>
Marine cloud brightening to also reflect more sunlight away from the reef. The plan is to spray microscopic salt particles into clouds using customised vessels or modified snow machines. This increases the concentration of droplets in clouds and encourages smaller, more reflective droplets to form.
</li>
<li>
Water-mixing units with large, slow moving fans that will draw cool water from 10-30 metres deep and deliver it to surface areas to limit coral heat stress. In 2017 this proposal received A$2.2 million in Commonwealth funding, to test eight water-mixing units over a 1 kilometre square area of Moore Reef, off the coast of Cairns.
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Engineering the climate of Australia’s most iconic natural system carries obvious risks. Indeed, Australia has a history of well-intended attempts to manage nature that have backfired because the risks were not fully understood.
We must be confident that such technological interventions will protect the reef, not contribute to its destruction. This is a problem because scientific trials are supposed to identify and assess risks, so we won’t fully understand what impacts they have until such trials are undertaken.
Governance necessary for public confidence
Building public confidence that potential risks have been identified and addressed is essential to the long-term success of reef geoengineering proposals. Even feasibility studies can be derailed if they lack public support.
The legitimacy and ultimate acceptability of reef geoengineering technologies therefore demands robust and transparent processes for funding, research, field testing and eventual deployment. Drawing on the Oxford Principles for Geoengineering Governance, the minimum governance standards should include:
<ul>
<li>criteria and clear processes for research funding decisions</li>
<li>public access to information about planned field testing</li>
<li>demonstrated compliance with Australia’s environmental laws.</li>
</ul>
Current environmental laws do not make special exemptions for scientific research or testing in areas of national environmental significance, such as the Great Barrier Reef. Any geoengineering trial that might have a “significant impact” on those areas is illegal without a permit from the Commonwealth Environment Minister. The Minister is guided by the precautionary principle and World Heritage obligations in issuing such permits.
The Great Barrier Reef Marine Park Act imposes separate approval requirements and makes protection of the reef the highest priority. This would suggest that the standard for environmental assessment for any proposal to run geoengineering trials on the Reef should be high.
It is unclear how the federal environment minister and the Great Barrier Reef Marine Park Authority will evaluate whether the risks of field testing are small enough to justify granting their approval. The position is made more uncertain by the fact that the authority is directly involved in at least one of the projects. This uncertainty risks poor environmental outcomes and erosion of public confidence.
We need a strong framework for assessing and managing the risks of geoengineering, to address legitimate public concerns.
<img src="https://counter.theconversation.com/content/100674/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">As the stewards of the reef, the Marine Park Authority is ideally placed to take the lead on developing this framework, to ensure we have the best possible chance of saving our most important natural wonder.
Kerryn Brent, Lecturer, Faculty of Law, University of Tasmania
Brendan Gogarty, Senior Lecturer in Law, University of Tasmania
Jan McDonald, Professor of Environmental Law, University of Tasmania
Jeff McGee, Senior Lecturer in Climate Change, Marine and Antarctic Law Faculty of Law and Institute for Marine and Antarctic Studies, University of Tasmania
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/geoengineering-the-great-barrier-reef-needs-strong-rules-100674" target="_blank">original article</a>.
Main photo: <a href="https://www.flickr.com/photos/oregonstateuniversity/24577819729/" target="_blank">Oregon State University/Flickr</a>, <a href="http://creativecommons.org/licenses/by-sa/4.0/" target="_blank">CC BY-SA</a>
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Geoengineering the Great Barrier Reef needs strong rules

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Bedarra Island, on the Great Barrier Reef, has a handful of private beach homes.
They line the east side of the island.
<a href="https://www.propertyobserver.com.au/http://raywhitemissionbeach.com.au/properties/residential-for-sale/qld/bedarra-island-4852/house/1681605" target="_blank">Ray White Port Douglas agent Mark Flinn</a> is marketing Berrara Island Villa, a home with private beach that has $2 million plus hopes.
Set on 8000 sqm at Doorila Bay, the home has three pavilions - one once home to the famous artist Noel Woods which has gin and cognac bottles set into a decorative wall which he created.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/21/bed1.jpg" alt="">
The property has been owned for two decades by Terry Kaljo, the boss of Contemporary Hotels, a pioneer in Australia's luxury accomodation industry.
“Its latest renovation, if I may boast, is spectacular," Kaljo said.
It was designed by top Australian architect Robert Davidov of Davidov Partners.
“The property is one of the most special in the Contemporary Hotels portfolio, seeing is believing.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/2/21/bed2.jpg" alt="">
“We’ve had lots of wonderful family holidays there over the years, but my children are adults now with busy lives and careers and we are not using the home as we use to anymore. So time to let it go."
Ms Kaljo, who travels extensively, says there was nothing better than to find paradise here in the safety of Australia.
“We would love to represent the home under our ‘Contemporary Hotels’ umbrella for the new purchases if they would like us to - it truly is a unique and special place.” Ms Kaljo said.
This is the only house that is on the beachfront on this east side of the island. 
Bedarra private resort is on the southern side of the bay right across the other side of the bay but they are not allowed to land on the private beach out the front of the house so it is your own sand and beach.
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jrobinson-rf4aSBido9

Bedarra Island hideaway listed through Ray White

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Keswick Island, a Great Barrier Reef island, is on the market with $30 million hopes.
Keswick Developments, owned by the Dawson-Damer, is hopeful of attracting Chinese tourism interests. 
Captain Cook charted Keswick on his maiden voyage, but since the hilly island -- home to an extinct volcano -- has been sparsely occupier with only about 20 houses and permanent residents.
Cars are banned, with residents travelling by golf buggy on the island.
Keswick Developments obtained the head lease eight years ago after the previous owner, Peter Marshall, spent 20 years attempting to develop the island.
The new owner will have a 117-hectare development lease with the Queensland government until 2096.
The rest of the 517 hectare island is national park. 
The purchase will also give the buyer a 25-hectare seabed lease for a 180-berth marina and deep water jetty.
The mixed-use zoning on the sub-tropical island can accommodate 1000 dwellings and 3000 people. 
The island, 32 kilometres off the coast of Mackay, already has a sealed airstrip, 150 subdivided lots, and preliminary key infrastructure for ongoing development.
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