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.

Joel Robinson

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;

[smartcode_project_cta:default project_id=152737]

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Nova Rêve arrives as Reve Group bets on Castle Hill's next growth phase

A collection of just 25 large-format apartments and penthouses overlooking Goodwin Park is entering the Coolangatta market, with <a href="https://www.apartments.com.au/new-apartments/marea-residences-coolangatta-27-27a-dixon-street-coolangatta-qld-4225">Maréa Residences</a> combining a low-density, residential-only approach with uninterrupted park and Pacific Ocean outlooks.

Located at 27 Dixon Street, Maréa comprises three and four-bedroom residences alongside a limited number of dual-level penthouses, with the project positioned between Goodwin Park and <a href="https://www.apartments.com.au/developments/coolangatta-qld-4225">Coolangatta</a>’s coastal precinct.

Construction has commenced, with completion currently estimated for late 2027. Three-bedroom residences are priced from $1.8 million.

[smartcode_project:default project_id=150999 project_image_fid=374005]

The project has been designed around its northern outlook across the park, with the building’s architecture, landscaping and material palette intended to establish a connection with the neighbouring green space. The residences have been configured to maximise natural light and views across Goodwin Park towards the ocean.

Inside, the material palette incorporates timber, stone and brushed brass, complemented by curved detailing and ambient lighting. Kitchens and bathrooms carry the same natural material approach, while residences also include basement parking, storage and lift access.

Maréa’s penthouses are arranged over two levels and include private pools, adding another layer to the project’s focus on larger-format apartment living. Across the development, residences are configured with three or four bedrooms rather than the broader mix of smaller apartment types commonly found in larger projects.

[smartcode_project:default project_id=150999 project_image_fid=374010]

Resident amenity is concentrated at rooftop level, where landscaped entertaining terraces and pools take advantage of elevated views across Coolangatta and the Pacific Ocean.

The project has so far been particularly well received by local owner-occupiers and downsizers, according to Urban Activation Property Sales and Marketing Director Matt George, with the residential-only format, construction quality and northern park outlook among the features resonating with purchasers.

“The uninterrupted northern aspect overlooking Goodwin Park has been a key point of difference, with buyers attracted to the sense of serenity and open space the park provides, while still enjoying easy access to the ocean and being within walking distance of the lifestyle and amenities Coolangatta has to offer,” George said.

[smartcode_project:default project_id=150999 project_image_fid=374002]

“The combination of high-quality construction, a residential-only building, park outlook and proximity to the beach has resonated strongly with the local downsizer market.”

The Dixon Street address is within walking distance of Coolangatta Beach and the broader southern Gold Coast coastline, including the surf breaks at Snapper Rocks and Kirra. Coolangatta’s cafés, restaurants and retail are nearby, while Gold Coast Airport is also within close proximity.

[smartcode_project_cta:default project_id=150999]

Maréa Residences brings parkside apartments to Coolangatta

Melbourne developer PDG has secured Victorian Government approval for its $1.5 billion Southbank development <a href="https://www.apartments.com.au/new-apartments/the-one-1-queens-bridge-street-southbank-vic-3006">The One</a>, clearing the way for the long-dormant riverfront site opposite Crown to finally be developed.

The Minister for Planning has approved the project at 1-29 Queens Bridge Street, with the Department of Transport and Planning issuing the planning permit following its assessment.

The approval will allow PDG to develop the prominent 5,059 sqm site with a major mixed-use tower comprising premium apartments, including branded residences, a luxury hotel and boutique office space.

PDG acquired the site in late 2024, with its position directly opposite Crown's main entrance and near Melbourne's Arts Precinct making it one of Southbank's most significant remaining development opportunities.

<img alt="PDG" data-entity-type="file" data-entity-uuid="3933013e-6332-4386-b9be-089df05caf17" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.22%E2%80%AFAM.png?VersionId=sITIgBqDL0N3VNSMwWEmF5UA.uvcsRyu" />

Designed by COX in collaboration with ODO and PDG, the tower's architecture draws on the movement of the Yarra River, with six vertical pleats running the height of the sculpted facade.

The project will also see the heritage-listed Queens Bridge Hotel restored and incorporated into the development&nbsp;with new hospitality and public uses, including a rooftop venue.

A significant component of The One will be its residential amenity.

More than 5,000 sqm of resident facilities will be delivered across a single level, making it one of the largest consolidated residential amenity offerings proposed in an Australian apartment development.

The planning approval also incorporates a major upgrade of Queensbridge Square, which PDG will deliver in partnership with the City of Melbourne.

<img alt="PDG" data-entity-type="file" data-entity-uuid="73167fcd-1031-4b6f-a408-a064cfe45ed1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%209.29.17%E2%80%AFAM.png?VersionId=Pf1AEWxw6SNmBqR0zQW5lyEze.MtxgFp" />

The existing square will be revitalised as a new civic and pedestrian space along the Yarra River, strengthening the connection between the project, Southbank and the riverfront.

PDG Founder and Managing Director Vince Giuliano said the approval represented a major milestone for a site which has remained largely underutilised for more than 15 years.

“This is the most significant Planning Permit approval Melbourne has seen in recent years,” Giuliano said.

“For more than 15 years, this site has remained underutilised. This approval enables us to deliver a project that will contribute meaningfully to the revitalisation of Southbank, restore and reactivate an important heritage building, and create a new civic and hospitality destination for Melbourne.”

The latest approval follows an earlier planning permit issued by the City of Melbourne covering demolition works across part of the site at 9-29 Queens Bridge Street. Those demolition and early works are already underway.

PDG has also started generating early interest in the residential component from owner-occupiers ahead of a planned public launch in early 2027.

PDG secures approval for $1.5bn Southbank apartment development, The One

Local developer Harridan is seeking to turn its Woolloongabba apartment project into the first stage of a broader transformation of Burke Street, using a new 16-storey mixed-use building to establish a greener pedestrian connection toward the rapidly evolving Boggo Road transport and knowledge precinct.

The South East Queensland developer has filed plans for 154 apartments on the <a href="https://www.apartments.com.au/new-apartments/4-burke-street-woolloongabba-qld-4102">southern side of Burke Street</a>, where its proposal has been designed alongside a wider vision by LatStudios for the street.

That vision positions the southern side of Burke Street for buildings of 15 storeys and above, while envisaging lower-rise development of up to five storeys on the northern side to transition into Woolloongabba's existing character housing. It also proposes wider pedestrian verges, deep planting, new street trees and upgrades to the pedestrian approach to Boggo Road Station.

The Harridan development itself has been designed by Brisbane-based Arqus Design and will comprise 154 apartments across 16 storeys. The mix is weighted heavily toward two-bedroom apartments, with 121 proposed alongside 10 one-bedroom and 23 three-bedroom residences. There will typically be around 14 units per floor.

A lower-ground car park and three podium levels will accommodate 156 resident parking spaces, along with visitor and commercial parking. There will also be 154 resident bicycle spaces and 40 visitor bicycle parks.

&nbsp;

Harridan is a family-owned developer and part of the Holmwood Highgate Group, with more than three decades of development activity across South East Queensland. Its portfolio spans residential, commercial and industrial property, with current residential projects including Riverbank on Byron in Bulimba, Esperance Residences in Carina and The Precinct at Kinross Road in Thornlands.

Wooloongabba has been popular for apartment developers, particularly since the announcement of the 2032 Summer Olympics games in Brisbane.

While there have been a lot of development applications, it has failed to materialize into real supply.&nbsp;

Sarazin has been the major player in the area. They are under construction at Murcia Residences, on the fringe of East Brisbane and Woolloongabba. They have just launched <a href="https://www.apartments.com.au/new-apartments/the-stanley-residences-woolloongabba-8-trafalgar-street-woolloongabba-qld-4102">The Stanley Residences</a>, in Woolloongabba on Trafalagar Street. They also have Nuage coming soon on the nearby <a href="https://www.apartments.com.au/new-apartments/nuage-woolloongabba-14-wellington-road-woolloongabba-qld-4102">Wellington Road</a>.

First look: Harridan plans Burke Street transformation beside Boggo Road transport hub

Land Sales

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Cross-border buying of residential development sites in Asia-Pacific has been rising over the past decade.
When comparing 2016 to 2007, the number of such acquisitions from overseas investors more than doubled, with volumes hitting nearly more than US$42 billion last year, according to Knight Frank’s latest research. 
Australia figures in the top five residential land investment destinations in Asia-Pacific from 2012 to 2016.
In the past decade, investors from Hong Kong and mainland China contributed 80.2 percent of the total money spent on acquiring overseas residential lands within Asia-Pacific, says the Asia Pacific Residential Review - May 2017 by Knight Frank.
<a href="https://www.propertyobserver.com.au/images/2017/05/22/Chart1.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/22/Chart1.png" alt="">
On the surface, Hong Kong is the front-runner with 74.5 percent of the market share but in fact the most acquisitive companies have roots in the mainland. 
Other notable players include Singapore (7.3 percent), United States (3.2 percent), Japan (2.4 percent), Malaysia (1.7 percent) and United Arab Emirates (1.1 percent).
From 2012 to 2016, the top five overseas residential land investment destinations in Asia-Pacific were ranked in the following order: China, Singapore, Australia, Singapore, Malaysia and Hong Kong. 
Hong Kong and Australia saw investments into their countries increased by about nine times and 26 times respectively during this period, while Malaysia grew from practically zero foreign investment into residential development sites in 2012 to over US$1.4 billion in 2015. Meanwhile, the average investment into Singapore’s housing land from 2012 to 2015 was about US$1.6 billion but it declined to US$671 million in 2016.
“We also note that developers have been acquiring more expensive, less prime and smaller sites. On a CAGR basis, average quantum price and price per sq ft have grown gradually– increasing 4.7 percent per year from US$154 million to US$242 million and 15.9 percent per year from US$47 to US$208 per sq ft,” says the report.
For land size, the acquired sites now have much smaller land area – averaging 32 acres today compared to 65 acres 10 years ago. Likewise, the percentage of acquired sites that are in a CBD area has dropped tremendously – from about a fifth in 2007 to just 6.0 percent in 2016. 
The growth in outbound activity by mainland Chinese developers has been one of the key trends over the past decade, with volumes going from practically zero in 2009 to more than US$2.5 billion in 2016. 
From 2012 to 2016, their favourite destination was Australia (36.5 percent) along with other key markets include Hong Kong (23.7 percent), Malaysia (19.7 percent) and Singapore (15.4 percent). Among a flurry of cooling measures introduced in major Chinese cities along with the capital controls imposed earlier this year, we expect Chinese developers to put more money into Hong Kong and smaller Tier-3 Chinese cities this year. In the first quarter of 2017 alone, Chinese developers invested over US$5.1 billion in the region, with more than US$4.9 billion or 95 percent concentrated in Hong Kong.
In Q1 2017, we continue to see more cross-border investment activities in Asia-Pacific – with close to US$10 billion representing 15.2 percent of the total sales volume. In addition, this is also the highest Q1 figure ever recorded since at least 2007. Three of the top five deals transacted in Hong Kong and were all purchased by Chinese developers; the rest of the top ten deals were in mainland China. 
As many residential markets mature over time, the hunt for the next high-yielding property development opportunities may happen in selected developing countries such as Cambodia, the Philippines and Indonesia. Investors and developers will find these locations attractive given the consistently high economic growth, huge young population, rapid urbanisation rate combined with the rising need for different housing types. Similarly, developers may also choose to invest in selected hot spots in mature economies such as Kyoto in Japan, suburbs near major cities in Australia and the city fringe in Singapore.
<a href="https://www.propertyobserver.com.au/images/2017/05/22/Chart2.png" target="_blank">Click to enlarge</a>
<img src="https://www.urban.com.au/images/2017/05/22/Chart2.png" alt="">
From 2012 to 2016, domestic developers and investors purchased 58.4 percent of residential development land in Australia, while the largest foreign developer group hailed from China (23.4 percent). Last year, Chinese developers and investors purchased $2.4 billion worth of residential development sites in Australia – a 9.4 percent increase from 2015. Boasting an economy record without recession for over 25 years, Australia has also seen a steady population growth partially fulfilled by a healthy immigration rate especially the high net worth individuals.
Read the full Asia-Pacific Residential Review Report May 2017 <a href="https://www.knightfrank.com/research/asia-pacific-residential-review-q1-2017-4658.aspx">here</a>.
 
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j.ballantyne1990-6AQqhLzZaK

Overseas buying of residential development sites in Asia Pacific doubled from 2007-16: Knight Frank

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Brisbane property developer Brendan Tutt is selling a beachfront Bribie land parcel.
"Positioned on arguably one of the best stretches of beach on the east coast is this large 3235sq m block of prime beachfront land consists of five individual lots of 647sq m each on separate titles to be sold in one line or individually," Mr Tutt said.
Ray White Ascot principal Dwight Ferguson said Bribie Island had a pristine landscape with the beautiful Pumicestone Passage on one side and kilometres of open surf beach on the eastern side with 4x4 vehicle access.
"This land offers a lifestyle second to none."
The land is selling through an expression of interest campaign closing Thursday May 18.
"It's a corner block with total land size 3235sq m total frontages of over 120m.
The site consists of 5 separate lots of 647m2 each with frontage of 16m," Mr Ferguson said.
"It would suit multiple uses for an apartment development or individual house lots zoned general residential under Moreton Bay planning scheme."
The land is at <a href="https://www.realestate.com.au/property-residential+land-qld-woorim-201785386" target="_blank">68 - 76 Rickman Parade, Woorim</a> (Bribie Island).
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Rare land offering at Bribie Island

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Vacant residential land sales and median land values on the Gold Coast have reached record highs while lot approvals were at the highest level since 2011, according to a Ray White Commercial report.
Ray White Land Marketing Director, Jamie Martin, said the Gold Coast City Council LGA residential land market has seen strong results in the year to June 2016.
Both vacant land and house and land packages median values are on the rise.
“Vacant land sales rates reached their highest level recorded at 2,973 lots, from a previous record high of 2,408 in 2015, while median land values are a record high of $578 per sqm,” Mr Martin said in the Between the Lines – Gold City Land Market Report February 2017.
<a href="https://www.propertyobserver.com.au/images/2017/02/20/Screen%20Shot%202017-02-20%20at%2010.42.42%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/20/Screen%20Shot%202017-02-20%20at%2010.42.42%20am.jpg" alt="">
“There have been four consecutive years of increases in lot sales activity.
“Lot approvals increased over the 12 months by 18.40 per cent to 1,911 which represents the highest number since 2011 and still ahead of the longer-term trend of 1,646.”
Mr Martin said the increases in approvals translated into a sizeable increase in the total number of projects with 97 in the 12 months to June, 2016, up from 75 the previous year.
“The Gold Coast City land market has shown robust results over the last few years and continued into the year to June 2016 period,” he said.
“The volume of vacant land sales has shown a significant uplift and translated into an increased median price across the region.
While this level of growth may be minimal the continued lot size reduction has kept the median price and affordability in check.
<a href="https://www.propertyobserver.com.au/images/2017/02/20/Screen%20Shot%202017-02-20%20at%2010.43.23%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/20/Screen%20Shot%202017-02-20%20at%2010.43.23%20am.jpg" alt="">
“The true growth on a per sqm basis has been consistently positive and shows encouraging signs for the market.
DA approval levels continue to grow in line with these increased demand levels, similarly the steady increases in registration levels highlight the depth of this market.
“Other indicators include the high number sales we have had to builder groups, which emphasises the ongoing demand for housing in this location.
“Gold Coast City provides 3,370ha of land suitable for residential development, with potential to deliver over 45,000 dwellings, representing an important growth corridor of South East Queensland with significant scope for future residential land development opportunities.”
<a href="https://www.propertyobserver.com.au/images/2017/02/20/Screen%20Shot%202017-02-20%20at%2010.43.15%20am.jpg" target="_blank">Click to enlarge</a>
<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/2017/02/20/Screen%20Shot%202017-02-20%20at%2010.43.15%20am.jpg" alt="">
A 4228 sqm land at<a href="https://www.realestate.com.au/property-residential+land-qld-reedy+creek-201731994" target="_blank"> 6 Abbey Ridge Road</a>, Reedy Creek (above) has been listed for $879,000, having last traded for $589,500.
Similarly a 524 sqm waterfront land at <a href="https://www.realestate.com.au/property-residential+land-qld-hope+island-201705114" target="_blank">11 Keelson Crescent</a>, Hope Island (below) has been listed for $450,000. It last sold for $325,000 in 2014.
<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/2017/02/22/11%20Keelson%20Crescent.jpg" alt="">
A residential land at <a href="https://www.realestate.com.au/sold/property-residential+land-qld-varsity+lakes-201623594" target="_blank">10 Marks Drive</a>, Varsity Lakes (below) has sold recently for $355,000 after trading for $335,000 just eight months earlier.
<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/2017/02/22/Lot%208%2010%20Marks%20Drive.jpg" alt="">
Similarly a residential land at <a href="https://www.realestate.com.au/sold/property-residential+land-qld-upper+coomera-201547362" target="_blank">15 Currawong Crescent</a>, Upper Coomera (below) was sold for $290,000. It last sold for $229,000 in 2015.
<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/2017/02/22/15%20Currawong%20Crescent.jpg" alt="">
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Record land sales on the Gold Coast

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A development site at Avoca Beach has been sold for $1,650,000.
Located at <a href="https://www.realestate.com.au/sold/property-residential+land-nsw-avoca+beach-201451382" target="_blank">4-6 Cape Three Points Road</a>, the 1,713 square metre, B2 zoned local land is one of the last undeveloped sites in the Central Coast location.
This existing church site offers commercial and residential redevelopment, or conversion of the current building.
The current church structure provides a 250 square metre floor area.
The property is only 60 metres to the main entry to Avoca Village precinct.
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Avoca Beach development site sold for $1,650,000

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A gateway landholding in Sydney's Parramatta, with potential for mixed-use residential development, is up for sale through an expressions of interest campaign closing June 7.
The site at 142 James Ruse Drive in Parramatta is being sold as a ‘Going Concern’, and has an area close to 10,000 square metres. 
Surrounded by land that is undergoing significant regeneration from light industrial to future residential and mixed-use development, 
Stuart Cox and Neil Cooke of Savills are marketing the property. 
Cox said as the property is next to the proposed light rail station planned for Parramatta, and that it has gateway prominence, he expected strong interest from buyers.
“As far as opportunities go, it doesn’t get better.  This offers buyers a complete blank canvas with significant rezoning potential (STCA),” said Cox.
Concept drawings have been proposed for the site, providing 493 apartments spread over four towers together with about 2,500 square metres of retail space.
The property currently comprises a light industrial strata complex, constructed in 2002, made up of 10 strata industrial units.
Situated on the southern side of the Parramatta River, the property is about 2 km from Parramatta CBD. 
Parramatta is undergoing a growth phase with more than $8 billion invested in building and construction projects.
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Gateway site in Parramatta with potential for mixed use up for sale

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Future new home development on the Gold Coast is ramping up in areas such as Hope Island, Beenleigh and the Scenic Rim (west), with building costs increasing at the lower end of the scale, but not greatly for the prestige and higher-end market when compared to 2009. 
Herron Todd White's August review noted builders and developers said the cost is higher due to raw materials costs and green compliance, adding to the cost per square metre. 
HTW said most of the remaining vacant sites in <a href="/news">Helensvale</a>, River Links and The Peninsula, will be developed in the next few years and warned that valuation of off the plan housing can be a minefield as rates for very similar products can range from $1,100 per square metre to over $1,600 per square metre. 
"These estates have building covenants which attract architecturally designed and quality project packages that range on a rate per square metre basis from $1,100 to $1,700 for living area," HTW noted. 
"These dwellings will mostly feature attractive mixed cladding, stone benchtops throughout, ducted air-conditioning and often leave landscaping and pool packages outside the building contract. These estates have smaller lot sizes ranging from roughly 300 square metres to 600 square metres and therefore attract investors, project builders and turnkey packages. 
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"These building contracts are typically $200,000 to $275,000. Floor plans are usually compact 3-bedroom plus study or 4-bedroom and the rates per square metre of living are generally $1,000 to $1,200 which has crept up from our previous review in 2009."
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On the North Western M1 corridor, Maudsland's, Riverstone Crossing, Highland Reserve and Coomera Springs are showing consistent land value increases, according to the report.
 
 
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