International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.

Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.

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The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

[smartcode_project:default project_id=106566 project_image_fid=362500]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

&nbsp;

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

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“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”

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SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.

[smartcode_project:default project_id=106566 project_image_fid=185852]

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.

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Joel Robinson

Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

<a href="https://www.apartments.com.au/developers/capital-corporation">Capital Corporation</a> has announced a partnership with Eden Brae Homes to deliver custom-designed homes at Lovedale Farm, the landmark masterplanned golf estate taking shape in the Hunter Valley wine region.

The partnership brings together two highly experienced businesses with a strong track record in quality, delivery and creating well-established neighbourhoods, and marks an important milestone in the next stage of delivery at <a href="https://www.apartments.com.au/new-townhouses/lovedale-farm-1054-1184-wine-country-drive-lovedale-nsw-2325">Lovedale Farm</a>.

As part of the collaboration, Eden Brae Homes has constructed the Lovedale Farm display home, which will officially open to the public on Saturday 21 March.

[smartcode_project:default project_id=14476 project_image_fid=362418]

The near-300 sqm display home, with four bedrooms and four bathrooms, is one of a collection of homes custom designed specifically for the project. It features a generous master suite with impressive three-metre ceilings, dedicated golf buggy parking, and a farmhouse kitchen complete with a butler’s pantry. Premium upgrades that further enhance the home include an outdoor kitchen, walk-in wine display and gas fireplace.

Pricing for homes at Lovedale Farm starts from $1.14 million for a 255 sqm, four-bed home with rumpus and double-garage on a 504 sqm lot.

The opening will give off-the-plan buyers, future residents and the broader community the opportunity to step inside the home, experience the design and finishes firsthand, and learn more about the homes and land now available at Lovedale Farm.

[smartcode_project:default project_id=14476 project_image_fid=362426]

Jim Hunter, Managing Director of Capital Corporation, said the partnership builds on a strong history of successful collaboration between the two groups.

“This is not our first collaboration. Capital Corporation has partnered with Eden Brae Homes across several successful communities, including Fairway Views and Fairway Gardens neighbourhoods at Kellyville,” Hunter said.

“Lovedale Farm represents a continuation of that proven partnership, underpinned by a shared focus on quality, delivery and creating places people are proud to call home. We are pleased to be bringing that experience to the Hunter Valley.”

[smartcode_project:default project_id=14476 project_image_fid=334205]

Arthur Ilias, General Managing Director of Eden Brae Homes, said the Lovedale Farm display home showcases the lifestyle and craftsmanship buyers can expect and marks an exciting new chapter for the project.

“Lovedale Farm presents a rare opportunity to create homes that are custom designed for their setting, with refined layouts, quality inclusions and a strong connection to the way people want to live in the Hunter Valley,” Ilias said.

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Capital Corporation partners with Eden Brae Homes to offer custom-designed homes at Lovedale Farm

Aqualand Group’s new investment and development platform, Aqualand Prestige, has secured its first successful end-to-end equity investment, partnering with real estate investment group, Phoenix Property Investors (Phoenix), to deliver its new Roseville residential development.

The joint venture represents a significant milestone for Aqualand Prestige, leveraging off the group’s broader project pipeline, delivery capability and vertically integrated operating model.The transaction also marks the continuation of Phoenix Property Investors’ long-term strategy investing with capable partners to deliver high quality residential projects in Sydney and Melbourne.

Phoenix Property Investors is an established real estate asset manager with a long track record of investments across developed Asia markets including, Japan, Hong Kong, Korea and Australia, for, and on behalf of, its clients, partnering with leading local developers on residential, commercial, hotel and mixed-use projects in major metropolitan markets.&nbsp;

The Roseville project at 2-4 Larkin Street will&nbsp;comprise a part-nine, part-10-storey development with around 111 apartments. Development approval is anticipated for late March, with sales to commence later in the year.

Jin Lin, Managing Director of Aqualand Group, said the joint venture marks a defining moment for the group’s new investment delivery platform.&nbsp;

“Securing our first end-to-end equity investment under the Aqualand Prestige brand is a major milestone and a strong endorsement of the platform we’ve built," Lin says.

"It provides capital partners with the opportunity to directly leverage Aqualand’s broader development expertise, construction capability and proven track record of delivery, while allowing us to deliver smaller scale residential projects with the same level of design excellence and certainty that has defined Aqualand over the past decade.”

Trent Winduss, Partner and Head of Australia at Phoenix Property Investors, said the partnership with Aqualand on the Roseville project represents a substantial investment for Phoenix’s Australian platform.&nbsp;

“We’re excited to partner with Aqualand Prestige. The Roseville development builds on Phoenix’s strategy of aligning with best-in-class development partners to deliver high-quality, design-led residential outcomes in tightly held locations.&nbsp;

“Aqualand’s depth of experience, vertically integrated delivery model and strong record of delivering complex, high-quality residential developments made them a natural partner for us."

The Roseville project marks Aqualand Prestige’s first in a growing pipeline of medium-scale luxury residential developments across Sydney. They have two sites, on Archer Street in Chatswood and Pockley Avenue in Roseville, for future developments. In 2024 they completed AURA by Aqualand, one of the most expensive developments ever to be completed in North Sydney.

The Roseville project at 2-4 Larkin Street will comprise a part-nine, part-10-storey development with around 111 apartments



Aqualand Prestige partners with Phoenix Property Investors for new Roseville apartment development

<a href="https://www.apartments.com.au/developments/chatswood-nsw-2067">Chatswood</a> has long been considered one of the North Shore’s most well-connected and amenity-rich neighbourhoods, sought after by those who want both abundant retail and convenient transport links on their doorstep.

International developer&nbsp;<a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, who has delivered new apartment projects across New South Wales and Queensland over recent years, has teamed up with&nbsp;<a href="https://www.apartments.com.au/developers/huirong-group">Huirong Group</a>, a Chinese developer with four decades of experience, to deliver The Anderson, just over 80 family-sized apartments near the Chatswood Interchange.

&nbsp;

&nbsp;

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<a href="https://www.apartments.com.au/new-apartments/the-anderson-chatswood-54-56-anderson-street-chatswood-nsw-2067">The Anderson</a> offers a diverse range of apartment configurations, from one to four-bedrooms, including two 200 sqm double-storey penthouses. The tower, by AJC Architects, has been designed to intergenerational families and downsizers.

The apartments at The Anderson feature open-plan living areas that flow onto generous balconies, designed to capture natural light and expansive, never-to-be-built-out views toward Chatswood’s heritage precinct, with ocean glimpses from upper levels.

Interiors are defined by a restrained palette, premium fixtures and gallery-inspired wardrobe spaces, reflecting AJC’s considered approach to residential design.

[smartcode_project:default project_id=151353 project_image_fid=353258]

Positioned within walking distance of Chatswood Plaza, Westfield, The Concourse and the Chatswood Interchange, the development places daily convenience, dining, and culture at residents’ fingertips.&nbsp;

The joint venture partners will be brining further amenity to its residents, with street-level retail planned for the base of the tower.

Chatswood has been one of the most popular suburbs for new apartment buyers with the newly expanded Metro service across NSW taking Chatswood residents to Martin Place in just 11 minutes. Chatswood station is just a seven-minute walk from The Anderson.

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Changfa and Huirong launch The Anderson in Chatswood amid renewed demand for North Shore apartments

Construction is now underway at <a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a> in Carrara, with all stages fully funded as <a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> progresses its 59-residence gated community on an elevated ridgeline overlooking 100 hectares of natural savanna.

The commencement marks a key milestone for the Gold Coast project, designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a> and being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, at a time when buyers are placing greater emphasis on delivery certainty and builder track record.

With Devcon active in South East Queensland since 1993 and having delivered more than 1,000 homes, the team is positioning Cumulus as a fully financed, under-construction offering in a market where risk mitigation has become a central consideration for off-the-plan purchasers.

[smartcode_project:default project_id=135663 project_image_fid=360496]

Located at 17 Baltimore Court, Cumulus Grand Villas comprises 59 three- and four-bedroom villas across four collections, Skyline, Canopy, Savanna and Broadview. Pricing starts from $1,455,000, with completion of the first stage targeted for Q4 2026.

Across the four collections, each design represents an expansive and thoughtfully considered offering. The Broadview provides additional flexibility within its floorplan, incorporating a multipurpose room or optional additional bedroom, and is priced from $1,895,000.&nbsp;

Configured across two levels, the four-bedroom villas feature two master bedrooms with private ensuites, as well as a multipurpose room (MPR), supporting intergenerational living, guest accommodation, or the creation of a dedicated retreat space.&nbsp;

[smartcode_project:default project_id=135663 project_image_fid=360497]

The main living areas are positioned on the ground floor, while the bedrooms are located upstairs, a configuration that promotes both family separation and connected living. All villas include a second master suite on the ground floor, reinforcing the project’s focus on flexibility and long-term adaptability.

That adaptability was central to BDA Architecture’s design approach. The team sought to create a sophisticated, low-maintenance product that makes the most of the site’s elevation and outlook while responding to evolving household needs. Expansive glazing, open-plan interiors and private outdoor areas draw in natural light and frame views towards the savanna, hinterland and Broadbeach skyline.

[smartcode_project:default project_id=135663 project_image_fid=360470]

VentureCrowd Director of Property David Whitting said the project responds to a growing group of buyers reassessing what premium living on the Gold Coast looks like.

Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors. The inclusion of dual master suites in the Broadview design, along with options for a downstairs MPR or guest bedroom, allows homes to adapt as family dynamics shift, whether accommodating older parents, adult children, or extended stays.

Across the community, villas are specified with European appliances and premium fixtures and fittings, alongside double garages and landscaped private areas. The gated enclave includes number plate recognition entry, reinforcing a focus on security and exclusivity.

[smartcode_project:default project_id=135663 project_image_fid=360474]

Lifestyle amenity is anchored by the Infinity Terrace, an elevated communal space incorporating a 20m heated pool, alfresco zones and barbecue facilities, designed as a shared retreat within the neighbourhood. A two-acre private nature reserve with walking trails and rehabilitated bushland further integrates the development with its savanna-edge setting, reflecting a broader masterplan initiative to restore native vegetation and habitat corridors.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a>’s positioning continues to attract attention from prestige buyers seeking proximity to the coast without beachfront pricing. The suburb offers access to major retail centres including Pacific Fair and Robina Town Centre, is around 15 minutes from Broadbeach, and benefits from connectivity via the M1 to Brisbane and the Gold Coast Airport.

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VentureCrowd’s Cumulus Grand Villas in Carrara advances with construction underway

Harvey Norman

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Major mailing house and distribution company DMC - Direct Mail Corporation - has relocated to a new West Heidelberg location 600 metres away.
DMC moved to a 7,440 sqm industrial building at 26 Dougharty Road, West Heidelberg in a transaction negotiated by Gray Johnson. 
Their move has left a 2,100 sqm Richmond site available at 158 Murphy Street Richmond (pictured in title) vacant. 
The building, featuring an office component of 200 sqm has found a new tenant in the form of Harvey Norman 
Harvey Norman signed a sub tenancy for the two years and six months term that remained on the DMC lease. 
Gray Johnson agent Rory White said "the sub-lease is at an annual rental of $325,000 gross plus GST with fixed annual rental increases of 4 %”. 
Mr White says that Harvey Norman proposes to use the property as a bulky goods store and dispatch centre in support of their Richmond retail outlet at 479 Bridge Road. 
“The two properties are located either side of the Burnley Street - Bridge Road intersection and are diagonally roughly 600 metres apart” Mr White concluded.
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Harvey Norman sub-leases former DMC Richmond property 

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Harvey Norman has appointed Elders to sell its Coomboona dairies operation in Victoria.
<a href="https://www.realestate.com.au/property-dairy-vic-coomboona-7975514" target="_blank">Coomboona Dairies</a> is being marketed as one of Australia's most advanced dairy aggregations, "recognised for its modern purpose-built infrastructure and premium quality milking herd."
It has utilised some of the world's highest profile registered Holstein genetics. Situated in the renowned Goulburn Valley region, Coomboona Dairies comprises 1,816 hectares, north west of Shepparton in Victoria.
It is currently milking in the vicinity of 2,500 Holstein cows.
<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/2018/7/9/cattle2.jpg" alt="">
The dairy boasts annual milk production in excess of 30 million litres.
The aggregation is offered as a whole or in two contiguous parcels being Coomboona Dairies, 1,356 hectares and Glen Goulburn, with 460 hectares.
Offers are due August 16.
Harvey Norman bought a 49.9 per cent of Coomboona Holdings in 2015 for $34 million, with partnership difficulties soon emerging.
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Harvey Norman list Coomboona Dairies

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Harvey Norman will be the most vulnerable of the ASX listed retailers to the housing downturn, Citi analysts Bryan Raymond and Craig Woolford have told clients.
It came in a 38-page report ranking the retailers the broker considers most exposed to a fall in house prices.The analysts point out that the housing cycle had already turned, but this is yet to be reflected in retailer share prices.
According to the broker, Harvey Norman and Wesfarmers are most exposed, with 39 per cent of Harvey Norman's group earnings driven by furniture and appliances and 40 per cent of Wesfarmers' earnings from hardware chain Bunnings.Metcash and JB Hi-Fi were high up the list, with 25 per cent of the wholesaler group's earnings from hardware businesses Mitre10 and Home Timber and Hardware.
About 18 per cent of JB Hi-Fi's earnings are in whitegoods following its Good Guys acquisition.
But Harvey was quick to denounce the report.
"I've been doing this for 50-odd years, and I've had this question only asked 20 to 30 times.
"There's not a lot of validity to it," Mr Harvey said, adding he tended not to read any broker reports, this one included.
"When the housing prices do go down a bit – and I don't know how much they are going to go down, my view is it will be very minimal – the population is still increasing at the moment by 300,000 a year. I'd much rather that than property prices go up and there's no extra people." Citi estimates that for every 1 per cent move in house prices, Harvey Norman's sales, earnings and share price increase by 4 per cent and Nick Scali by 6 per cent.
The broker says that hardware retailers are more protected than furniture retailers.
The broader market has a 1.8 per cent rise for every 1 per cent increase in housing prices, the broker said.
The broker considered the impact of the housing downturn in 2011 and 2012 on Harvey Norman's share price, suggesting it triggered an earnings fall, price earnings de-rating and share price decline. It suggested it was among the retailers that experienced significant average sale price declines in the television category.
Harvey said there was "no proof" that television sales were linked to housing prices.
"It's tied to technology a lot more than it is to housing downturns," he said. "That just shows people don't understand the industry."Citi has a "sell" recommendation on Harvey Norman.It values the company currency trading at $3.52 at $3.12 a share. The broker also argues that as Harvey Norman owns some 95 of its 195 Australian sites, that rental income could come under pressure.
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Citi says Harvey Norman will be hit hardest in the housing downturn

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The boss of Harvey Norman Ireland Blaine Callard has listed his Brisbane sub penthouse apartment.
Collard has listed in the sought after Admiralty Towers block where bought the unit in 2009.
Tavis Callard at Housian Property Agents is asking for offers over $2 million for the investment apartment.
Spanning 216 sqm, the sub penthouse apartment has four bedrooms, a fitted home office and views over the Brisbane River and Story Bridge.
Callard has been at Harvey Norman since 1995 holding a number of positions before becoming managing director of Harvey Norman Europe in 2006.
He took over the CEO role in Ireland in 2010.
This article first appeared in The Weekend Australian Mansions Australia section.
 
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Harvey Norman Ireland's Blaine Callard lists Brisbane sub penthouse

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An industrial site spanning 23,786sqm in the Brisbane suburb of MacGregor has been sold to retailer Harvey Norman.
The property, 572 and 588 Kessels Road, and features over 10,000sqm of existing NLA which is currently occupied by Asahi Beverages.
Matthew Frazer-Ryan and Anthony White of Colliers International negotiated the sale. White said the site is situated in a large format retail precinct with over 80 enquiries and multiple offers from high net worth investors and developers. 
“The strategic location of the site is vital for the future growth of their store footprint," he said.
"MacGregor is a strong performing precinct and Harvey Norman will work over the medium term towards a development outcome that will add even more diversity for customers in this precinct.
“Sites of this size with main road exposure and high level of existing infrastructure in place are increasingly rare throughout Brisbane, particularly as residential rezoning has been prevalent."
Harvey Norman plan to build a large format centre on the location.
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