For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

Southport

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The Melbourne Cup-winning jockey Mick Dittman has committed to buying an apartment in the $2.3bn Imperial Square development in Southport. 

Dittman made the decision after being asked to become an ambassador for the mixed-used project.

The project includes the southern hemisphere’s tallest tower, and a 45-storey “twister” tower.

[smartcode_project:default project_id=29350]

It has been popular with locals who have made up 50 per cent of sales in the development's first stage.

The $155 million Regal Residences has secured $34 million in sales, with the developer, Azurra Investments, securing 53 sales of the 145 apartments by last month, and now sees commitments to more than half.

Azzurra is headed by Robert Badalotti.

Architect Kris Kowalski has worked on the project for five years.

The Gold Coast Bulletin reported in January that the developer, Azzura Investments, was set to fast-track construction commencement before June.

Sales director Jason Paris indicated buyers who work in the Health and Knowledge precinct at Griffith University and the Gold Coast Hospital see the opportunity to buy with work and lifestyle options.

Paris said apartments are selling for an average of $6000 a square metre, with prices for a one-bedroom apartment starting at $359,000, rising to $745,000 for three bedrooms.

The projects shared amenities include a rooftop pool terrace, a sauna, spa, steam room, gym, a barbecue terrace, dining area and executive lounge.

<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport" target="_blank"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/imperial_square_tall.jpg" style="width: 950px; height: 1692px;"></a>

Imperial Square is located on a 1.34ha site bounded by Ferry Road, Meron Street and Gillian Lane.

It will have three landmark towers on completion, including the 108-storey Imperial Tower and the 54-level Monarch Place.

In 2018 Dittman sold his purpose-built horse stable complex on the Gold Coast for $2.5 million.

The 3001-square-metre Racecourse Drive, Bundall facility was part-owned by Dittman, who was listed in the Australian Racing Hall of Fame in 2002.
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Queenslander Mick Dittman has committed to buying an apartment in the southern hemisphere’s tallest tower project

jchancellor

Jockey legend Mick Dittman secures off the plan apartment in Southport's Imperial Square 

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Local owner-occupiers have descended on Regal Residences, stage one of Azzura's $2.3 billion Imperial Square mixed-use development in Southport.

Locals have made up over 50 per cent of the sales so far, with 53 of 145 of the apartments sold.

That's seen Azzura, like many developers in South East Queensland, fast-track construction of the $155 million first stage following a flurry of sales which have totalled $34 million.

Azzura’s sales director Jason Paris said the strong sales were reflective of the demand for new product in the city’s CBD hub.

[smartcode_project:default project_id=29350]

“We’ve got buyers who work in the Health and Knowledge precinct at Griffith University and the Gold Coast Hospital and they see the incredible opportunity to buy well in a central location with work and lifestyle options all so close at hand,” said Mr Paris.

“We’ve seen a mix of first-home buyers and downsizers who see the incredible value in such a central location.

<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport"><img alt="" height="533" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/regal_living.jpg" width="1200"></a>

“Regal Residences represents incredible value with apartments selling for an average of $6,000 per square metre which is a third of the selling price of some beachfront locations on the Coast.”

Regal Residences is the first stage in a stunning masterplan that will include 200 hotel suites on the Imperial Square site, located on 1.34 hectares at 59-73 Meron Street in Southport. 

<a href="/new-apartments/regal-residences-imperial-square-59-73-meron-street-southport"><img alt="" height="1600" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/regal_hotel.jpg" width="1600"></a> 
Additional stages in the Imperial Square project include The Imperial Tower, a 108-storey building set to become Australasia’s tallest building and Monarch Place, a spiral architectural masterpiece.

Buyers within the first stage will enjoy the amenities on offer across all buildings. 

Stage 1 has been designed to set the standard for the master-planned Imperial Square development that will include a range of commercial and business spaces upon completion, rooftop bars, and luxury amenities such as a rooftop infinity pool, gymnasiums and spas, a cinema and spectacular views to the ocean. 

About the developer

Azzura Investments is headed by company founder Robert Badalotti who has delivered an impressive portfolio of award-winning projects since 1989 stretching from the northern Gold Coast to Byron Bay in northern NSW. These projects comprise more than 2600 residential dwellings, 24 commercial developments and six international resorts. 
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Azzura’s sales director Jason Paris said the strong sales were reflective of the demand for new product in the city’s CBD hub

Locals snap up Azzura's Regal Residences in Southport

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The Gold Coast’s best restaurants, boutiques, and cultural institutions are a short walk away from our idyllic Southport location. Choose from an everflowing list of award-winning grocers, cinemas, cafes, malls &amp; restaurants. 

<figure><a href="/new-apartments/rise-on-minnie-23-minnie-street-southport"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/rise-on-minnie-23-minnie-street-southport-335b6c71086ff2759fe11cbbeb439720.jpg?itok=Xha2cb5C" style="width: 580px; height: 387px;"></a></figure>Inside Rise on Minnie, you will find beautiful white walls, stone benchtops and expansive living areas that style to your new apartment. Whether you’re at home with your loved ones or hosting a gathering, the modern interior seamlessly enhances your time spent at home; the perfect blend between beautiful design and function. 
 

<figure><a href="/new-apartments/rise-on-minnie-23-minnie-street-southport"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/rise-on-minnie-23-minnie-street-southport-60e1a809cc10c64833739d536e19505f.jpg?itok=7u260zbt" style="width: 580px; height: 387px;"></a></figure>Just minutes away from the Gold Coast University Hospital, Griffith University, Gold Coast TAFE and some of the best schools on the Gold Coast including The Southport School and St Hilda’s. You’ll find all you need right outside your door. 
 
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urban.com.au

New private apartments in Southport carefully designed around improving your quality of life

Buoyed by strong sales, developer Azzura Investments is looking to accelerate construction on the $2.3 billion Southport development, Imperial Square.

Regal Residences, the first stage of the development, has achieved $22.5 million in sales across 53 apartments since its launch mid-last year.

According to the developers, sales picked up after buyers flocked to the Gold Coast during the busy holiday period, with a further 15 apartments reserved by potential buyers.

As a result, the Gold Coast developer is hoping to fast-track its construction.

[smartcode_project:default project_id=22476]

Situated at 59-73 Meron Street, Imperial Square&rsquo;s first stage will rise 18 levels and offer 145 apartments and 200 hotel suites.

&ldquo;We&rsquo;ve experienced a solid pace of inquiries for apartments in this debut offering at Imperial Square since January,&rdquo; said Azzura&rsquo;s sales director Jason Paris.

&ldquo;Local buyers have included a mix of first-home buyers and downsizers, all looking for the lifestyle this central location has to offer&rdquo;, he said.

Upon completion, the master-planned Imperial Square will offer a range of commercial and business spaces, rooftop bars and luxury amenities.

One-bedroom apartments in the complex start from just $349,000, and residents will enjoy valet parking and discounted prices at bars and restaurants in the development.

Azzura is also offering residents a complimentary stay for a week over five years for a friend or relative in the Regal Residences hotel. 
&nbsp;

<h2>Other amenity-rich developments on the Gold Coast</h2>

1. Chevron One, Surfers Paradise 
Address: 36-44 Stanhill Drive, Surfers Paradise QLD 4217 
One-bedroom apartments from $480,000

[smartcode_project:default project_id=6515]

Situated in Surfers Paradise, Bensons Property Group&rsquo;s Chevron One boasts intuitive design and quality finishes. Cooking for the family has been made easy in kitchens designed by the renowned chef, Shannon Bennett.

Designed by Marchese Partners, the development includes a Club One residents&rsquo; lounge, floating cinema, sculptured gardens and dining facilities. 
&nbsp;

2. Cabana, Palm Beach 
Address: 1 Nineteenth Avenue, Palm Beach QLD 4221 
Three-bedroom apartments from $2,325,000

[smartcode_project:default project_id=84861]

Delivered by Ignite Projects and designed by Plus Architecture, Cabana offers a collection of 34 apartments, fringed with coconut palms and offering views over Palm Beach and the Gold Coast hinterland.

Cabana boasts an exclusive residential living experience, including a residents&rsquo; retreat, ocean-facing infinity pool, cabana-style daybeds and an open-air recreation and entertainment space.

Buoyed by strong sales, developer Azzura Investments is looking to accelerate construction on the $2.3 billion Southport development

max.kwok_55688

Construction to accelerate at Gold Coast residential development, Regal Residences

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A three-storey Southport block of backpackers accommodation sold at weekend Gold Coast auction for $2.7 million, reflecting a 6.2 percent gross rental yield

The 44 Queen Street offering (pictured above) had 17 lettable rooms and 70 budget beds often advertised at $58 a night.

It was the highest reported sale at the Ray White auction event on the Gold Coast.

The complex sits on a 939 sqm holding opposite the G:Link Station.

Michael Willems of Ray White Commercial advised the resort complex had a $168,000 net income plus GST and outgoings.

It was initially listed for sale in 2019 and again last year.

The last known sale price was $1.3 million in 2003, according to CoreLogic.

It came with a new lease with the accommodation complex operators Aquarius Gold Coast.
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The resort complex with a $168,000 net income plus GST and outgoings was the highest reported sale at the Ray White auction event on the Gold Coast.

Southport backpackers accommodation complex sold for $2.7 million

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A trophy home in Queensland’s Gold Coast has sold for $4.6 million on the first inspection.
Located at 2 Charlton Street, the Southport home was located at on a 1,250 sqm block set against a parklike setting.
The seven-bedroom, eight-bathroom property offers two fireplaces, outdoor entertaining terraces and water views.
Other features of the residence is the home cinema, two studies and multiple formal living and dining areas.
The prestigious TSS Southport precinct property was marketed by Ray White’s Sam Guo and Julia Kuo.
A pool, cabana, sauna and external shower compliment the Hamptons-style feel of the home.
The vendor was Fiona Jackson who acquired the property in 2013, a mother and businesswoman who has worked for a royal family in the Middle East.
It has been on and off the market since 2015, according to CoreLogic.
The home is only a short distance from Gold Coast beaches, the Southport Marina and Brickworks Village.
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j.ballantyne1990-6AQqhLzZaK

Southport mansion sells for $4.6 million

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Two villas in Queensland’s Gold Coast suburb, Southport, has been listed for mortgagee auction.
The residence offers nine-bedrooms and six-bathrooms over the two villas located at <a href="https://www.realestate.com.au/property-unitblock-qld-southport-134237966">10 Lydia Grove</a>.
Advertised as a mortgagee on realestate.com, the property offers a profitable opportunity to purchase two almost finished villas in one line.
Set on 564sqm, the three-storey units both have double lock-up garages.
The home is ideal for an investor or DIY renovator, with the chance to occupy one dwelling and rent out the balance.
The villas last sold together for $450,000 in 2016.
The median value price for units in <a href="/developments/southport-qld-4215">Southport</a> is $356,095, according to CoreLogic data.
RE/MAX agent Kristoffer Sonter is marketing the listing.
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Two villas in Queensland's Gold Coast listed for mortgagee auction

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A Southport, Queensland mortgagee home has been sold for $276,000 under the auctioneers gavel.
The unit last sold for $340,000 in 2009.
Victor Tauch and Robert Peel or Ray White marketed the home.
Situated at <a href="https://www.realestate.com.au/sold/property-unit-qld-southport-132072574" target="_blank">12/16-26 Sykes Court</a>, the property features 89 sqm of internal space.
The two bedroom two bathroom apartment is noted as having "a strong rental return" in the listing.
In 2004, the year of its construction the unit previously sold for $300,000.
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The median price for a home in <a href="/developments/southport-qld-4215">Southport</a> is $467,750 according to CoreLogic.
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Southport, Queensland mortgagee home sold for $65,000 loss

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David Fitch and wife Rachel have emerged as the record buyers of a luxury Hamptons-style Southport home.
Fitch is the executive director at mining company QEM, the former Fitch Retail Investments boss. 
The couple paid $7.1 million for the home that was custom built with no expense spared five years ago by former travel agency owner Greg Matthew.
The modern Yacht Street home, set under a shingle roof imported from the US, has five bedrooms, four bathrooms, a theatre room and a home office.
The master wing has its own sitting room, ensuite, walk in wardrobe and private balcony.
In the manicured gardens is an alfresco with built in barbecue that leads to a swimming pool.
Offering 20 metres of Main River frontage with its own sandy beach, the property also features a floating pontoon with room for a 19 metre boat.
Ray White Prestige Gold Coast Surfers Paradise agent Jackson Paradise secured the sale.
Three years ago, they spent $11 million on Villa Cantorocca, a sprawling Broadbeach Waters home, setting the suburb record in the process.
This article was first published in the Weekend Australian. 
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Mining executive David Fitch buys $7 million Southport trophy

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A Southport, Queensland, mortgagee home has sold for $502,000.
When first listed in September 2018 it had a price guide of $780,000, following multiple reductions and one unsuccessful auction, the home has sold for $278,000 less than what was initially sought.
Clare Brettell Mike Roberts of Ray White held the listing.
Situated at <a href="https://www.realestate.com.au/sold/property-house-qld-southport-131232486" target="_blank">111 Benowa Road</a>, the four bedroom, two bathroom house was sits on a 600 sqm block.
The current home was built in 2015, however the property last sold in 2013, transacting for $270,000 after two and a half years on the market.
In June 2011 the vendors originally sought $399,000, however following numerous asking price reductions, the property eventually settled at it's asking price of $270,000.
Featuring a two car garage, along with three additional parking spaces, the home is close drive to schools, shops, hospitals and other amenities.
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The median price for a home in <a href="/developments/southport-qld-4215">Southport</a> is $546,250 according to CoreLogic, which calculate its annual change in median price over the past 10 years as 7.5%. 
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