Subdivision Go Ahead Unlocks ‘Rare’ Gold Coast Greenfield Precinct
One of the Gold Coast’s few remaining greenfield development precincts has been unlocked as the big squeeze continues within the fast-growing glitter strip’s constrained urban growth boundaries. Developer HB Land has been given the nod by the Gold Coast City Council for a 196-lot residential subdivision at Upper Coomera in the city’s north. It is […]
Gold Coast Tandem Towers Plot New Heights to Stack Up
Upsized plans have been filed for the second of two neighbouring towers proposed by developer Gallery Group on the Gold Coast “to maintain financial feasibility”. It is seeking to bump up its approved Surf Parade North tower, increasing it by eight levels from 28 storeys to 36 storeys. Under the revised proposal, the tower would […]
SK2 Property green lit for Mermaid Beach development, Lavarack
SK2 Property, in collaboration with property owner Cavan Properties, has received development approval for their aptly named Mermaid Beach project, Lavarack. Located at the corner of Lavarack Road and Albatross Avenue, the project aims to transform the existing site, currently home to BSKT Café, into a mixed-use development that preserves the café while introducing luxury […]
Spyre Court Win Paves Way for Gold Coast Skinny Tower
Sypre Group will go ahead with its slender tower plans after successfully appealing the City of Gold Coast’s of the project. The decision in the Queensland Planning and Environment Court paves the way for the developers to build an 18-storey tower on just 410sq m of land on the corner site at 3640 Main Beach […]
Dexus Seals $51m Deal for Southport Private Hospital
Deploying some of the fully-loaded war chest raised for its healthcare-led asset diversification, property giant Dexus has taken new ground on the Gold Coast. The ASX-listed landlord has acquired the Southport Private Hospital—formerly Allamanda Private Hospital—from NorthWest’s New Zealand Vital Healthcare Property Trust in a $51 million deal. It is the first transaction for the […]
Gold Coast a honey pot for wealthy buyers with cash deals dominating luxury apartment sales
The Gold Coast property market has become a honey pot for cash buyers of luxury apartments, with one of the city’s most active project marketing groups revealing that interest rate increases are having no impact on sales of $3 million-plus holiday homes. TOTAL Property Group, the project marketing company managing sales for two of David […]
Australian housing market’s 20 best investment suburbs for new houses in 2023 revealed
Property investors likely breathed a sigh of relief as the Reserve Bank of Australia (RBA) announced today that interest rates would be held at 4.10%. While rental reform is one factor leading investors to reconsider having skin in the game, another major factor is the financial cost of entering the market. Experts have previously noted that higher rates can […]
Australia’s august housing market records yet another price rise as spring arrives
National home values grew by 0.8% in August, indicating that the housing market’s recovery is accelerating, according to CoreLogic’s latest Home Value Index (HVI) report. The HVI recorded a successive monthly rise in home values, increasing marginally from July’s 0.7% growth, disrupting a two-month pattern of stagnating capital gains. Housing market recovery under full swing The […]
City Beat September 2023: Gold Coast unit median approaches $700k following August growth
The Gold Coast unit market continues to power ahead in 2023. August marked another month of plus one per cent gains (1.2 per cent), according to property data analytics firm CoreLogic. The 1.2 per cent topped the growth of Sydney (one per cent) Melbourne (0.3 per cent) and Brisbane (1.1 per cent) in August. The median value of […]
Gold Coast house prices are booming as Aussies flee population boom in Sydney and Melbourne
House prices are booming on the Gold Coast as Aussies flee the larger capital cities in search of a warmer climate and to escape traffic congestion. An influx of overseas immigrants into Sydney and Melbourne is coinciding with a rush to south-east Queensland. Brisbane was Australia’s best-performing capital city market in August with the median house price last month climbing by […]