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<p>The green light has been given to a $120-million hotel development at Palm Beach on the southern end of the Gold Coast.</p><p>No hotel operator has been named but the developer is spruiking it as a luxury “first-of-its-kind” hotel in the area.</p><p>It will comprise 126 rooms across six storeys and feature a rooftop pool, gym, spa, and in-house dining.</p><p>Steer Developments —headed by Robert Steer—is behind the 2000sq m project earmarked for a beachside site at 1081-1089 Gold Coast Highway, which is currently occupied by a Centrelink office building.</p><p>“While the northern end of the Gold Coast is flooded with hotels, the southern end is ripe for a luxury offering,” Steer said.</p><p>Palm Beach emerged as a developer hotspot during the pandemic-driven property boom.</p><p>Plus Architecture was tapped to design the hotel development.</p><p>“Being such a significant project, our team took a considered approach to create a standout development in an increasingly discerning market,” director Danny Juric said.</p><div id="5RgGHrXdpgmQczh5E7r7ZI"><picture><img src="//images.ctfassets.net/8pr762qjocl3/iNhi31r45Q6UYAdwdkGvy/3dedbd5900279c571938ddb09787068b/Untitled_design__97_.jpg" alt="Render of the proposed hotel development at Palm Beach." data-mce-src="//images.ctfassets.net/8pr762qjocl3/iNhi31r45Q6UYAdwdkGvy/3dedbd5900279c571938ddb09787068b/Untitled_design__97_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Render of the proposed hotel development at Palm Beach.<br><br></span></div></div><p>Construction is scheduled to begin in the fourth quarter of this year with completion slated for the first quarter of 2025.</p><p>“We have always appreciated the Gold Coast’s lifestyle and are excited to contribute to its beauty and make an everlasting impact on the southern Gold Coast,” Steer said. “It’s about the entire experience.</p><p>“Along with Mondrian set to open in Burleigh, the timing is perfect for an additional prestige hotel at Palm Beach.”</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="Untitled design (93).jpg" src="http://images.ctfassets.net/8pr762qjocl3/6wlmHBzUpG7TxSaUwTBzKF/958389835b4402dcf8c479babeaedd6f/Untitled_design__93_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/6wlmHBzUpG7TxSaUwTBzKF/958389835b4402dcf8c479babeaedd6f/Untitled_design__93_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (92).jpg" src="http://images.ctfassets.net/8pr762qjocl3/1EWbG3U98g4avyDr1jAoSw/c5e6caf7f0d62ccc8d575d9891c576de/Untitled_design__92_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/1EWbG3U98g4avyDr1jAoSw/c5e6caf7f0d62ccc8d575d9891c576de/Untitled_design__92_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (96).jpg" src="http://images.ctfassets.net/8pr762qjocl3/mperuXOWC3Nfll3BwvMip/9ae222f10340848b6cbfc6120785285c/Untitled_design__96_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/mperuXOWC3Nfll3BwvMip/9ae222f10340848b6cbfc6120785285c/Untitled_design__96_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (94).jpg" src="http://images.ctfassets.net/8pr762qjocl3/5bbjOIZ4xi0gwXRHrgtL4/7eddab0346f1ac32079b2bad568c245d/Untitled_design__94_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/5bbjOIZ4xi0gwXRHrgtL4/7eddab0346f1ac32079b2bad568c245d/Untitled_design__94_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (95).jpg" src="http://images.ctfassets.net/8pr762qjocl3/34UPOfPrLM9fWOpWkQuT39/60ad06326b89c86cf43396d1a540a30d/Untitled_design__95_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/34UPOfPrLM9fWOpWkQuT39/60ad06326b89c86cf43396d1a540a30d/Untitled_design__95_.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>Vitale Property Group led by Chris Vitale is developing the $450-million, 25-storey twin-tower Mondrian on The Esplanade at Burleigh Heads. It will comprise 84 residential apartments as well as 208 hotel rooms to be operated by Accor and SBE.</p><p>Steer Developments, in collaboration with Brisbane-based Churchill Development Group, is also undertaking the $55-million transformation of the popular Ashmore Seafood and Steak restaurant on the Gold Coast. <a data-mce-href="https://www.theurbandeveloper.com/articles/churchill-development-group-ashmore-markets-gold-coast-approval" href="https://www.theurbandeveloper.com/articles/churchill-development-group-ashmore-markets-gold-coast-approval" target="_blank" rel="noopener">Approval was granted by the Gold Coast City Council last year for the planned two-storey foodie haven</a> to be known as Ashmore Markets.</p>

The green light has been given to a $120-million hotel development at Palm Beach on the southern end of the Gold Coast.

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<p>Descon Group Australia has completed one of the projects it took over after the collapse of Condev last year and is nearing completion on another.&nbsp;</p><p>Descon signalled it had finished Brooke Residences in Robina on the Gold Coast after taking over 12 months ago.</p><p>The first residents have now moved into their apartments at the nine-storey, 95-unit residential apartment building, which is part of SPG Land’s $162-million Cambridge Residences precinct.</p><p>The second site it took on after was another Gold Coast project, Allure on Chevron Island, which Descon took on for developer Macquarie York in 2022. It is set to complete in the coming weeks.</p><p>Descon called the Brooke completion an “exceptional milestone” which it achieved with minimal disruption to the original construction program.</p><p>It is also some welcome good news for a sector suffering from fixed-price contracts and growing inflation, driving up the cost of materials and all leading to a maelstrom of insolvencies during the past few months, with <a data-mce-href="https://www.theurbandeveloper.com/articles/risky-business-insolvencies-tipped-to-be-20pc-higher" href="https://www.theurbandeveloper.com/articles/risky-business-insolvencies-tipped-to-be-20pc-higher" target="_blank" rel="noopener">more to come</a>.&nbsp;</p><p>Condev <a data-mce-href="https://www.theurbandeveloper.com/articles/crunch-time-inside-the-condev-crisis" href="https://www.theurbandeveloper.com/articles/crunch-time-inside-the-condev-crisis" target="_blank">went into administration in early 2022</a>, hot on the heels of the <a data-mce-href="https://www.theurbandeveloper.com/articles/probuild-collapse-the-projects-left-behind" href="https://www.theurbandeveloper.com/articles/probuild-collapse-the-projects-left-behind" target="_blank" rel="noopener">administration of ProBuild</a>, with projects worth up to $1 billion hanging in the balance.&nbsp;</p><p>The quick-fire insolvencies shook the industry and the builder blamed labour shortages, price hikes and major flood damage which led to delays and its eventual collapse.</p><p>At the time it was placed into liquidation, it had 18 projects under construction in south-east Queensland.</p><p>These included <a data-mce-href="https://www.theurbandeveloper.com/articles/aria-starts-construction-arm-post-condev-collapse" href="https://www.theurbandeveloper.com/articles/aria-starts-construction-arm-post-condev-collapse" target="_blank">Aria Property Group’s Rivière project</a> at Brisbane's Kangaroo Point, which was completed in August, One Cannes at Surfers Paradise and Shoreline Queens Beach at Scarborough.</p><div id="30zBWlQEqpb72TxV4v36Dg"><picture><img src="//images.ctfassets.net/8pr762qjocl3/77dL8TGU6g1JdHJ7jxxxZj/8fc8a096f156d2253617f04cf3291483/In-article__13_.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/77dL8TGU6g1JdHJ7jxxxZj/8fc8a096f156d2253617f04cf3291483/In-article__13_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ The future of developments including Shoreline Queens Beach in Scarborough were left in limbo by the Condev’s collapse.<br><br> </span></div></div><p>Descon Group chairman Danny Isaac said the Brooke Residences were sold out and the group was pleased to have been part of the industry response to the Condev collapse.</p><p>“While the significant headwinds in the market are yet to ease, the co-ordinated industry effort in seeing key projects like Brooke Residences completed is ensuring that supply continues to reach &nbsp;the market at a time it is needed most,” Isaac said.&nbsp;</p><p>“The most challenging area of the market continues to evolve around escalating subcontractor costs &nbsp;and lack of reliable supply, and we will continue to manage this during the sector-wide volatility.”&nbsp;</p><p>Descon is also scheduled to complete work on its Southport project Waverley Residences in mid-2023 followed by Akin in South Brisbane.&nbsp;</p>

Two Queensland projects were taken over by Descon Group Australia after their futures were made uncertain following the collapse of Condev last year...

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<p>One of Australia’s most prominent resorts, co-owned by Star Entertainment Group and Far East Consortium, has been listed with an asking price of more than $200 million.&nbsp;</p><p>It comes after rumours last year that investors were circling the Sheraton Grand Mirage Resort at Main Beach, a Gold Coast pocket luring big investment in 2023 as <a data-mce-href="https://www.theurbandeveloper.com/articles/gold-coast-the-spit-marina-mirage-luxury-development" href="https://www.theurbandeveloper.com/articles/gold-coast-the-spit-marina-mirage-luxury-development" target="_blank" rel="noopener">the next uber-rich enclave</a>.</p><p>The Gold Coast generally is being touted as one of the hottest hotel investment markets in Australia this year, according to real estate services company JLL.&nbsp;</p><p>Star appointed Sam McVay and Dan McVay of McVay Real Estate, Adam Bury and Taylor O’Brien of JLL, and Karen Wales and Steven King of Colliers to manage an international expressions-of-interest campaign, which closes next month.&nbsp;</p><p>The joint venture is also developing Brisbane’s $3.6-billion Queens Wharf Resort and casino project.&nbsp;</p><p>“Every astute investor with an interest in prime Australian real estate should consider this investment opportunity,” Colliers Australia head of hotels Karen Wales said.</p><div id="01LapkyZuV7LpmDrj2Q9lL"><picture><img src="//images.ctfassets.net/8pr762qjocl3/4NeFOfMe4Zri6SEUE7gxV1/c3fa28d00cc2d370233fff10368b9e29/Sheraton_Mirage_MID.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/4NeFOfMe4Zri6SEUE7gxV1/c3fa28d00cc2d370233fff10368b9e29/Sheraton_Mirage_MID.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ The property last changed hands in 2017 for $140 million.<br><br></span></div></div><p>The notable Gold Coast hotel is on 3.45ha of land, including a large amount of prized beach frontage.</p><p>Star and Far East Consortium acquired the site for $140 million in 2017, and the Star tipped $40 million of equity into the deal.</p><p>Corporate high-flyer Christopher Skase, who later died a fugitive from Australian law, was the original mastermind behind the building and development in the 1980s.</p><p>The Gold Coast remained one of the fastest-growing regions across Australia, according to JLL executive vice-president of investment sales Adam Bury, and was forecast to hit 1.2 million residents by 2050.</p><p>“Progressive refurbishments have ensured that all rooms and facilities within the hotel remain at the highest of standard,” Wales said of the Sheraton.</p><p>“In addition to these dedicated rooms there are five additional outdoor areas within the hotel grounds, which can hose sizeable cocktail and banquet events.”</p><p>The hotel opened in 1987 with extensive facilities operated by Marriott International under the Sheraton brand.</p><p>JLL reportedly banked $1.93 billion of hotel deals in 2022.</p><p>Last year CBRE tracked 53 hotel transactions valued at more than $10 million—a record number of deals, which was 39 per cent above the 10-year average.</p><p>That momentum has continued into 2023 with the recent sale of the first <a data-mce-href="https://www.theurbandeveloper.com/articles/twiggy-forrest-waldorf-astoria-circular-quay-gold-fields-house-acquisition" href="https://www.theurbandeveloper.com/articles/twiggy-forrest-waldorf-astoria-circular-quay-gold-fields-house-acquisition" target="_blank" rel="noopener">Australian Waldorf Astoria </a>hotel to Tattarang property company Fiveight.&nbsp;<br></p>

One of Australia's most prominent resorts co-owned by Star Entertainment Group and Far East Consortium has been listed with an asking price of more than $200 million...

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<p>Sydney-based developer Sammut Group and investor partner Alceon are defying nationwide odds, inking an $11.52-million deal for a full-floor apartment in their yet-to-be-completed 37-storey Gold Coast beachfront tower.</p><p>It’s their second full-floor sale in less than a month after a New Zealand buyer paid $10.75 million for an apartment in February.</p><p>Only seven of the 53 apartments in the $200-million development remain, including an 1140sq m penthouse.</p><p>Lead agent and Highland Property Group chief executive David Highland said marketing of the penthouse would begin soon with the expectation it could bring up to $30 million.</p><p>“If you look at the sales in the past 30 days, they’re the highest square metre rates on the Gold Coast,” Highland told <em>The Urban Developer</em>.</p><p>And that’s where the developer is bucking the trend.</p><p>Tightened monetary policy, rising inflation and interest rates, higher construction costs and a shrinking pool of contractors after the collapse of a string of builders have&nbsp;<a href="https://www.theurbandeveloper.com/articles/development-site-sales-australia-collapse" data-mce-href="https://www.theurbandeveloper.com/articles/development-site-sales-australia-collapse">left some developers rethinking</a>&nbsp;their commitment to the area.</p><p>But Cronulla-based Sammut Group pressed ahead with its first Gold Coast project on the beachfront site at 43 Garfield Terrace. It contracted construction giant Multiplex, who expects to complete the tower by early 2025.</p><div id="6YqzexV0TcbZWj4iz76BQ1"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1ZpDxe6mT4ZxOCnKCPfq97/8486ebec2b2c58ce387aa5db1f83dda5/Sammut_Gold_Coast_1__Mid.jpg" alt="For the second time in a month, a buyer has paid more than $10 million for a full-floor apartment in Sammut’s beachfront tower." data-mce-src="//images.ctfassets.net/8pr762qjocl3/1ZpDxe6mT4ZxOCnKCPfq97/8486ebec2b2c58ce387aa5db1f83dda5/Sammut_Gold_Coast_1__Mid.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ For the second time in a month, a buyer has paid more than $10 million for a full-floor apartment in Sammut’s beachfront tower.<br></span></div><div><br></div></div><p>Speaking of the latest full-floor sale, chief executive Allen Sammut said with just a handful of&nbsp;apartments remaining, buyers were recognising the rare opportunity to secure a spot in the&nbsp;highly sought-after luxury development.</p><p>With minimum floor plates of 287sq m and entry-level prices of $5.6 million, the apartments are definitely for the well-heeled and those arguably less affected by 10 straight interest rate rises since May last year.</p><p>Highland said in many cases buyers were looking for a second or third home. Interest had come from Sydney, Melbourne, parts of Brisbane, as far as New Zealand and in some cases, expats wishing to return to Australia.</p><p>“I would say the Gold Coast market is holding up, in some ways better than in parts of Sydney,” he said. “And the fundamentals are that there’s a lot more money that’s gone up there, both through Covid and post-Covid.”</p><div id="3HZDEpH9saWAyHF9kVSxMd"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6LDwCrSdvRoWnz2540qpOw/af9dc2309f495c015ad4b5fc9f1c8f92/Sammut_Gold_Coast_2__Mid.jpg" alt="Selling agents say the Gold Coast property market is staying strong, particularly with high-end apartments and beachfront views such as this one. " data-mce-src="//images.ctfassets.net/8pr762qjocl3/6LDwCrSdvRoWnz2540qpOw/af9dc2309f495c015ad4b5fc9f1c8f92/Sammut_Gold_Coast_2__Mid.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Selling agents say the Gold Coast property market is staying strong, particularly with high-end apartments and beachfront views such as this one.</span></div><div><br></div></div><p>Figures released last week by Colliers International support that argument.</p><p>The global real estate services company said its research showed national house prices had fallen more than five times as much as those on the Gold Coast.</p><p>Colliers market overview report indicates Gold Coast’s median house price slipped by $15,000, or 1.5 per cent, to $925,000 at the end of 2022—down from the $940,000 reported at the peak of the market in June last year.</p><p>The modest price drop on the Gold Coast compares with a record fall of 8.4 per cent in CoreLogic’s national daily home value index, from the peak of the market in May 2022.</p><p>Colliers’ Gold Coast director-in-charge Steven King said the latest data, supported by continued growth in the city’s commercial property sector, showed Gold Coast prices were holding firm amid volatile conditions nationally.</p><p>“The latest population forecasts, the strength of the Gold Coast’s employment market&nbsp;and the massive investment in infrastructure across the city is providing the local&nbsp;property market with remarkable resilience,” King said.</p><p>Highland agrees. “The infrastructure is obviously evolving and it’s come a long way from where it was, but it’s now a destination that high-net-worth individuals want to be involved in, both professionally and personally.”</p>

Sydney-based developer Sammut Group and investor partner Alceon are defying nationwide odds, inking an $11.52 million deal for a full-floor apartment in their yet-to-be-completed 37-storey Gold Coast beachfront tower.

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<p>Brisbane developer Graya has won approval for Ripple, its first foray into the luxury Gold Coast apartment market.</p><p>Graya founders Andrew and Rob Gray in partnership with Mike Walsh spent about $3 million buying up two of the eight units in the existing building about 18 months ago at 2 Palm Beach Avenue at Palm Beach.</p><p>The <a data-mce-href="https://www.theurbandeveloper.com/articles/palm-beach-gold-coast-graya-tower-development" href="https://www.theurbandeveloper.com/articles/palm-beach-gold-coast-graya-tower-development" target="_blank" rel="noopener">Plus Architecture-designed 19-apartment tower</a> includes two ground floor terrace-style beach houses and two penthouses with private rooftop terraces, plunge pools, and multiple entertaining spaces.</p><p>The 45m beach frontage and orientation of the building will furnish each apartment with panoramic views along the coastline, according to Rob Gray.&nbsp;</p><p>“Palm Beach still has a suburban beachside community feel,” he said.</p><p>“It has a unique charm and a slower pace of life that many people find appealing. You just don’t get that on the northern end of the Gold Coast.”</p><div id="3gclszI0bX19QoxtbQcFDE"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6J44Mbl9gtgGxKQIiQibmI/11fcaf16461e97c75f35c0954d79a57d/Ripple_MID.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6J44Mbl9gtgGxKQIiQibmI/11fcaf16461e97c75f35c0954d79a57d/Ripple_MID.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ The penthouses will feature private plunge pools, while a communal pool will be on the ground floor overlooking the beach. </span></div></div><p><br>Gray said the area had only recently developed the amenity required to attract the high-end apartment buyers.&nbsp;</p><p>“The southern Gold Coast now has some of Queensland’s best restaurants, cafes, bars and recreational offerings all within a short distance.”</p><p>The design of the building has also been heavily influenced by the beach, according to Plus Architecture, with the design aesthetics of the facade encompassing wave-like design features.</p><p>The plans also included a sauna, barbecue area and a pool overlooking the beach at ground level.</p><p>But the Graya team will turn its shovels to another project down the road first.</p><div id="42aKpunVnIL7Kzse8yvbWi"><div id="5SkJ5KcByZjjWyoli9swEt"><picture><img src="//images.ctfassets.net/8pr762qjocl3/3pkIYOJbG7yKvMDnTW4daI/fa4c3d22613884adea7b4efdffac7b3e/Kloud_Graya.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/3pkIYOJbG7yKvMDnTW4daI/fa4c3d22613884adea7b4efdffac7b3e/Kloud_Graya.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Graya will launch the Kloud project to market this year off the back of strong levels of enquiry, according to Andrew Gray.</span></div></div><div><br></div></div><p><br>Co-founder Andrew Gray said they would break ground on the nearby <a data-mce-href="https://www.theurbandeveloper.com/articles/graya-kloud-palm-beach-gold-coast-queensland-development-application" href="https://www.theurbandeveloper.com/articles/graya-kloud-palm-beach-gold-coast-queensland-development-application" target="_blank" rel="noopener">Kloud development on Jefferson Lane </a>at Palm Beach first, with a release pitched for mid-2023.</p><p>“Kloud will be the first of our bespoke unit developments released. It has an appealing price point for beachside apartments and has received a huge amount of interest,” he said.&nbsp;</p><p>“The Ripple site has an existing unit block on it that is well tenanted and used for holiday bookings, so we have flexibility around when we commence that development.</p><p>“We build all our own projects, so we had to choose one project to focus on first. The market’s response to Kloud has given us the confidence to push forward now.”</p><p>Meanwhile further north the <a data-mce-href="https://www.theurbandeveloper.com/articles/koichi_takada_burleigh_residential_tower" href="https://www.theurbandeveloper.com/articles/koichi_takada_burleigh_residential_tower" target="_blank" rel="noopener">Koichi Takada-designed boutique residential</a> tower planned for Burleigh Heads has also been approved.&nbsp;</p><p>Devine Group’s 18-storey high-rise would comprise 28 three and four-bedroom apartments on a 1012sq m site at 216 The Esplanade.</p><p>A two-storey block of eight units would make way for the slender tower on the site, with plans for a communal recreation facilities and one apartment on level 1, two apartments per floor on levels 2 to 12, three whole-floor apartments on levels 13 to 15, and two double-storey apartments on levels 16 and 17.&nbsp;</p><p>“The distinctive design of the building and its sculptural features are intended to position the building as a landmark in this visually prominent location and in turn as a catalyst to encourage higher quality development in the adjoining area,” the architectural design statement said.</p>

Brisbane developer Graya has won approval for Ripple, its first foray into the luxury Gold Coast apartment market. See inside the oceanfront project. 

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<p>The nod has been given for the first residential tower to be built in Runaway Bay at the northern end of the Gold Coast in more than 30 years.</p><p>On a narrow block fronting the Southport Broadwater, the $130-million “skinny” tower will comprise 31 whole-floor apartments as well as three detached tri-level villas.</p><p>It was initially knocked back by the Gold Coast City Council in April last year on several grounds, including its “overbearing perception of bulk due to its reduced setbacks and proximity to surrounding buildings”.</p><p>The developer Monaco Property Group appealed the decision deeming the refusal to be “erroneous, unreasonable and unlawful” and was recently given the go ahead after negotiations with the council.</p><p>Monaco Property Group director Jonathan Grasso confirmed the project, to be known as Belvue Broadwater, had been given the green light and construction was scheduled to start in the second to third quarter of this year.</p><p>“It’s an exciting start to 2023 gaining development approval,” Grasso said.</p><p>“We are pleased to have worked collaboratively with Gold Coast City Council through the planning and application process, which has led to improvements to the overall project and to the two ultra-luxury resort style recreation areas.</p><p>“We have integrated new ocean-facing cabanas, a larger Broadwater infinity pool, and gymnasium into the design, all for the exclusive use of Belvue residents.”</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="4.jpg" src="http://images.ctfassets.net/8pr762qjocl3/4l0OS2ngkBOm63qWNYM4Y8/a3538d01f5c25c659fcbed7566e06d4f/4.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/4l0OS2ngkBOm63qWNYM4Y8/a3538d01f5c25c659fcbed7566e06d4f/4.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="2.jpg" src="http://images.ctfassets.net/8pr762qjocl3/1BlW84YMP8260iKqqzaX7D/af0a18638137758d57087d8a3e8b5bf0/2.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/1BlW84YMP8260iKqqzaX7D/af0a18638137758d57087d8a3e8b5bf0/2.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="1.jpg" src="http://images.ctfassets.net/8pr762qjocl3/1Qebrx0ClqFWj9zZZqDj4v/58379f2127f60487038b3f33bf96d422/1.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/1Qebrx0ClqFWj9zZZqDj4v/58379f2127f60487038b3f33bf96d422/1.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="5.jpg" src="http://images.ctfassets.net/8pr762qjocl3/6WJC7E31vAc5ot053pzZZb/8e6d8f22e2587a9b6a6b95d56de933c5/5.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/6WJC7E31vAc5ot053pzZZb/8e6d8f22e2587a9b6a6b95d56de933c5/5.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="3.jpg" src="http://images.ctfassets.net/8pr762qjocl3/2kInCn8yrPfjh3EDHbPsmJ/e8b48dc99a1baba877ffd38f25495f3b/3.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/2kInCn8yrPfjh3EDHbPsmJ/e8b48dc99a1baba877ffd38f25495f3b/3.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>Runaway Bay’s development history dates back to the 1970s and it set the benchmark for waterfront apartment living on the Gold Coast in the 1980s and 1990s.</p><p>Bellevue Broadwater will occupy a 20m-wide medium density site spanning 3116sq m at 13-15 Bayview Street. Its full-floor residences with 273sq m floorplates as well as Broadwater and ocean views are priced off-the-plan from $3.545 million.</p><p>Its resident amenities will include two swimming pools, hotel-style poolside and waterfront daybeds and cabanas, a swim-up bar, barbeque pavilion, gymnasium, sauna and steam room.</p><p>Plus Architecture’s tower design features a curved form to “reflect the ebb and flow of the ocean”.</p><p>“A striking and seamless indoor-outdoor flow is cultivated through floor-to-ceiling glazing overlooking panoramic views of the water,” its design statement said.</p><p>Project marketing agent Andrew Erwin of NPA Projects said there was still a significant level of inquiry in the Gold Coast market from both interstate relocators and local downsizers.</p><p>“This is blue chip real estate,” he said. “The land has been tightly held for 50 years and it offers arguably one of the longest viewlines on the Gold Coast.”</p>

The green light has been given for the first residential tower to be built in Runaway Bay at the northern end of the Gold Coast in more than 30 years.

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<p>Queensland is becoming the superyacht capital of Australia as more marinas expand their capacity for the wealthy sailing elite.&nbsp;</p><p>Sanctuary Cove has always been at the forefront of the yachting scene, but owner Mulpha Australia is expanding its offering with an additional 31 superyacht berths.</p><p>The real estate investor has spent about $3.5 million on the Pier C development, which takes its superyacht berthing capabilities to 39, addressing the growing demand for permanent and transient berths in the Sunshine State.&nbsp;</p><p>It follows the recent $10-million marina expansion in 2021 that included the first undercover berths in the southern hemisphere, according to Mulpha Sanctuary Cove Marina general manager Steve Sammes.</p><p>“We are thrilled to officially unveil Pier C as part of our greater superyacht focused plans to address the growing desire from national and international superyacht captains to berth at Sanctuary Cove,” Sammes said.</p><p>“The demand for more large-scale berthing opportunities in the south-east is increasing and there is an invaluable economic opportunity to invest in more superyacht-driven piers on our coastline. Sanctuary Cove is superyacht ready, now.”</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="1.jpg" src="http://images.ctfassets.net/8pr762qjocl3/cE7wT9My13nfbBzzMQxxU/1fcdc225b2d64498b93be1c5b9d47da2/1.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/cE7wT9My13nfbBzzMQxxU/1fcdc225b2d64498b93be1c5b9d47da2/1.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="2.jpg" src="http://images.ctfassets.net/8pr762qjocl3/6djHhKa7x8wGND8MzDSZ3H/7aebb26e87951d55910284400f02fb1f/2.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/6djHhKa7x8wGND8MzDSZ3H/7aebb26e87951d55910284400f02fb1f/2.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="3.jpg" src="http://images.ctfassets.net/8pr762qjocl3/6SXtphU1iQnAfMPesl5UkT/661bc44155b5f1947274591cab03fcda/3.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/6SXtphU1iQnAfMPesl5UkT/661bc44155b5f1947274591cab03fcda/3.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>Sanctuary Cove Marina was one of seven marinas to receive its Superyacht Ready accreditation within days of the Marina Industries Association’s Gold Anchor and Superyacht Ready accreditations in December 2022, successfully meeting the suitability criteria of the<br>marina’s infrastructure to accommodate superyachts, accessibility for superyachts, security measures and service availability.</p><p>Sanctuary Cove Marina ambassador Francesca Rubi said the superyacht destination would help build sailing tourism in Queensland.&nbsp;</p><p>“Australia still has the best coastline. I would love for more superyachts to cross to our waters,” Rubi said.</p><p>“Offering more opportunities to berth superyachts at Sanctuary Cove will no doubt be a success. Bigger vessels are being built, people are travelling more in the comfort of their own yachts, and Sanctuary Cove has opened the perfect stop for them—think Palma de Mallorca vibes.”</p><p>The Pier C arm development comes after a fleet of new restaurants opened to match the growing demand of local and international visitors, including Pablito’s Mexican Cuisine and Tequilaria, Rise Bakery, Destino Wine Bar, and more.</p>

Queensland is becoming the superyacht capital of Australia as more marinas expand their capacity to accommodate the wealthy sailing elite...

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<p>Tim Gordon chuckles as he recalls the heady days of hovercraft shuttling well-heeled travellers from Brisbane Airport to Christopher Skase’s then newly-developed Sheraton Mirage resort on The Spit.</p><p>“Remember that? When you think back … it was incredible in its day.”</p><p>Clearly, it left quite an impression on the then young budding Gold Coast property player.</p><p>Fast forward more than three decades, the director of Gordon Corporation is himself about to turn dirt—or rather, sand—heralding a new era of development decadence on the 5km-long isthmus north of Surfers Paradise.</p><p>And, no, his plans don’t involve anybody being chauffeured around local waterways in amphibious air-cushioned vehicles.</p><p>Targeting the rising ranks of the super wealthy, however, there is one must-have marine accessory designed into what will be Australia’s newest and arguably most exclusive waterfront residential and lifestyle address.</p><p>Somewhere for those ultra high net worth individuals to tie up the superyachts they have been snapping up in record numbers.</p><p>“They're all looking for a home,” Gordon says. “And until now we haven't been able to offer them the facilities ... they all want amazing facilities in addition to just mooring a boat.”</p><p>With the seed of affluence sown long ago by Skase’s visionary integrated hotel, retail and marina destination, its lavish roots are finally spreading—and quickly.</p><p>The Spit is now the focus of a $1.3-billion trio of projects expected to cement it as one of the country’s most sought-after enclaves for the uber-rich.</p><p>And there will be more to come as additional state-owned land parcels are released to the market on long-term leases.</p><p>In a matter of weeks, the first shovel to go in the ground since the Palazzo Versace hotel was completed 23 years ago will signal the start of The Spit’s new epoch at Gordon Corporation's $300-million-plus Mantaray Marina and Residences project.</p><p>“It's exciting times,” Gordon says. “The Spit has been dormant for more than two decades ... [and] the response to what we're developing has been overwhelming.</p><p>“We've got the first development opportunity the government took to tender, we're now DA-approved, we've just appointed our builder and after a three-year journey we'll start construction in April.”&nbsp;</p><p><a data-mce-href="https://www.theurbandeveloper.com/articles/superyacht-marina-the-spit-gold-coast-approved-gordon-corp" href="https://www.theurbandeveloper.com/articles/superyacht-marina-the-spit-gold-coast-approved-gordon-corp" target="_blank" rel="noopener">Greenlit by the Gold Coast City Council late last year</a>, it will comprise a 67-berth superyacht marina with moorings for vessels up to 60m, a retail plaza, over-water club lounge and 24 apartments fronting the Southport Broadwater, half with private rooftop pools and some with price tags exceeding $20 million.</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="Untitled design (30).jpg" src="http://images.ctfassets.net/8pr762qjocl3/6DfNHaZl6aNlWoOYe7yOtL/50b0e467ff8ae82ac8ad71bcda27561c/Untitled_design__30_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/6DfNHaZl6aNlWoOYe7yOtL/50b0e467ff8ae82ac8ad71bcda27561c/Untitled_design__30_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (31).jpg" src="http://images.ctfassets.net/8pr762qjocl3/44wTXoiN8rPR9bK0cMjyCL/bd774e19ed1f24003cd56e2695fc69aa/Untitled_design__31_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/44wTXoiN8rPR9bK0cMjyCL/bd774e19ed1f24003cd56e2695fc69aa/Untitled_design__31_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (32).jpg" src="http://images.ctfassets.net/8pr762qjocl3/3WpL67PSuO9XJUBZC8LMeg/1dbb423ab37811b518e488de7de057e6/Untitled_design__32_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/3WpL67PSuO9XJUBZC8LMeg/1dbb423ab37811b518e488de7de057e6/Untitled_design__32_.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><div id="2BssO2HDomckZgDyV6ezG"><br><p>Gordon Corporation won the tender from the Queensland government to acquire and develop the 9858sq m vacant site and 1.88ha seabed area at Lot 503 Sea World Drive under a 120-year lease agreement.<br></p></div><p>It will neighbour a proposed $480-million redevelopment of Mariner’s Cove by Melbourne-based developers Pelligra Group and Giannarelli Group, which will include a Ritz Carlton hotel and more than 5000sq m of restaurants and bars.</p><p>Nearby, a $500-million redevelopment of the <a data-mce-href="https://www.theurbandeveloper.com/articles/ritz-carlton-gold-coast-pelligra-giannarelli-mariners%20cove-development-project" href="https://www.theurbandeveloper.com/articles/ritz-carlton-gold-coast-pelligra-giannarelli-mariners%20cove-development-project" target="_blank" rel="noopener">landmark Marina Mirage retail complex</a> is planned by Makris Group, including 92 waterfront residences and a 110-suite boutique hotel.&nbsp;&nbsp;</p><p>“It’s extraordinary,” Gordon says. “No other precinct in Australia is seeing this level of investment appetite.</p><p>“I travel the world a lot and I don’t know anywhere else you'll find anything similar to what we’re about to create … there’s nothing like it.”</p><p>Development has long been a dirty word on The Spit and the irony of what is now emerging on the 200ha strip of sand is not lost on Gordon.</p><p>“In a city of towering landmarks, the most significant contribution to the Gold Coast’s evolution in more than 20 years is taking place on its most protected peninsula, and won’t exceed three storeys,” he observes.</p><p>Rather than a development hindrance, Gordon views the decision to set in “reinforced concrete” the precinct's no high-rise future as a “huge advantage” in terms of an opportunity for developers to create “something really special for The Spit”.</p><p>“That's the beauty of the masterplan,” he says.</p><p>Under the The Spit Master Plan, regulations restrict new developments to a maximum height of three storeys and 15 metres “so they integrate seamlessly with the landscape”.&nbsp;</p><p>It was released by the Queensland government in 2019 as a blueprint to unlock public and private sector investment to deliver community infrastructure and new development opportunities on undeveloped land.</p><div id="375chNypw1epCdYxG9azn4"><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="Untitled design (42).jpg" src="http://images.ctfassets.net/8pr762qjocl3/5WG3mP88b3X2AdUsYK2VnT/56a336ea1f08cc8d56e1108161caaf46/Untitled_design__42_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/5WG3mP88b3X2AdUsYK2VnT/56a336ea1f08cc8d56e1108161caaf46/Untitled_design__42_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (37).jpg" src="http://images.ctfassets.net/8pr762qjocl3/1zXIxuWsu7h7X0lahVjS5o/7502e0fbb8b81d19933e1d29bdecb964/Untitled_design__37_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/1zXIxuWsu7h7X0lahVjS5o/7502e0fbb8b81d19933e1d29bdecb964/Untitled_design__37_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (38).jpg" src="http://images.ctfassets.net/8pr762qjocl3/2DnpEZIBjuOYUzhtYaOMw/c9e93f49318f145e51da25c106d8b13a/Untitled_design__38_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/2DnpEZIBjuOYUzhtYaOMw/c9e93f49318f145e51da25c106d8b13a/Untitled_design__38_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (39).jpg" src="http://images.ctfassets.net/8pr762qjocl3/7H5M5ABTe2iYGnRsjH0lGu/f8cf947f489b43d46686ffb394b23508/Untitled_design__39_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/7H5M5ABTe2iYGnRsjH0lGu/f8cf947f489b43d46686ffb394b23508/Untitled_design__39_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (44).jpg" src="http://images.ctfassets.net/8pr762qjocl3/5lDc9tPItIwY91qeLbIbPF/9823584e0025ee51aeaaf302e28d93ef/Untitled_design__44_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/5lDc9tPItIwY91qeLbIbPF/9823584e0025ee51aeaaf302e28d93ef/Untitled_design__44_.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><p><br>“The council then had to amend its planning scheme to reflect that,” says town planner and Zone Planning Group director David Ransom.</p></div><p>“So, I guess what we’re seeing happening now is its implementation and the roll out of the development intended under that master plan.</p><p>“The cumulative impact of it all will be that there'll be quite a few more people living there than there have been in the past.”</p><p>And given The Spit’s strict planning parameters, its much smaller allowable building envelopes set a standard that inevitably means more high-end development to enable projects to stack up.</p><p>“That’s probably the way it’s going to have to go and the way it is going,” Ransom says. “[And] I guess what's going to happen from now on is they're all going to be at that very high standard, consistently, and it definitely seems like the momentum is building there.</p><p>“You’ve got a lot of vacant sites that have been there for a long time that are finally going to be developed. And you've also got a lot of sites that are really past their use-by date and they're going to be refurbished. So, it's going to be a much better precinct when all of that is complete.”&nbsp;</p><p>Gordon agrees.</p><p>“The amenity of The Spit is changing forever and I think that it'll outclass anything you'll see in Broadbeach, Burleigh or anywhere else on the Coast,” he says.</p><p>“Its got the ability to offer a select few an amazing opportunity and it’s unique … you’ve got the Broadwater on one side and the Pacific Ocean on the other.</p><div id="carousel-root" data-reactroot=""><image-carousel-remove-button><div class="rm-carousel-wrapper"><button id="rm-carousel" class="rm-carousel-btn">Delete</button></div></image-carousel-remove-button><div class="slider-wrap"><image-carousel><div class="slider-el"><img style="height: 100%;" title="Untitled design (33).jpg" src="http://images.ctfassets.net/8pr762qjocl3/e1LIeLmWIgGIksb5luXcm/8545e07e7106a9e8bdd93c54f9e885e4/Untitled_design__33_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/e1LIeLmWIgGIksb5luXcm/8545e07e7106a9e8bdd93c54f9e885e4/Untitled_design__33_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (34).jpg" src="http://images.ctfassets.net/8pr762qjocl3/5vcH8MSfY3Ta7nDgU0WeyG/5c4d349ba5cdf086e0e33776f19828b7/Untitled_design__34_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/5vcH8MSfY3Ta7nDgU0WeyG/5c4d349ba5cdf086e0e33776f19828b7/Untitled_design__34_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (35).jpg" src="http://images.ctfassets.net/8pr762qjocl3/2cREVYdtcDgopUEJ9JaAjw/3e958fa4c0ef95a98a4b483ebf7a42b0/Untitled_design__35_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/2cREVYdtcDgopUEJ9JaAjw/3e958fa4c0ef95a98a4b483ebf7a42b0/Untitled_design__35_.jpg" data-mce-style="height: 100%;"></div><div class="slider-el"><img style="height: 100%;" title="Untitled design (36).jpg" src="http://images.ctfassets.net/8pr762qjocl3/4w3oSfqGyuZDp9IIjWUHPk/918b153054596f0b04bdddb5d34d0b25/Untitled_design__36_.jpg" data-mce-src="http://images.ctfassets.net/8pr762qjocl3/4w3oSfqGyuZDp9IIjWUHPk/918b153054596f0b04bdddb5d34d0b25/Untitled_design__36_.jpg" data-mce-style="height: 100%;"></div></image-carousel></div></div><div id="1D98Afl7IakCY7rxLEdcPH"><br><p><br>“The government has been extraordinary in its foresight in creating development opportunities and then spending the necessary funds to deliver the infrastructure to allow The Spit to finally become a location not only for the super wealthy and the superyachts but for the general public as well.<br></p><p>“And with all that there's a compounding effect, which is in its infancy but it's actually happening now.”</p></div><p>CBRE Gold Coast managing director Mark Witheriff, one of the city’s veteran property dealmakers, recalls sitting wide-eyed at the Sheraton Mirage’s oyster bar shortly after its opening in the late 1980s.</p><p>“It was amazing … and later with the opening of Palazzo Versace it changed the Coast,” he says.</p><p>Since then, Witheriff has seen all manner of development proposals for The Spit come and go.</p><p>They have included the likes of ASF Consortium's plans for a $3-billion five-tower development and Sunland's $600-million, Dame Zaha Hadid-designed two-tower proposal.</p><p>“This is now the next stage,” he says. “And it actually looks like they're going to dig a hole and get it done.</p><p>“In essence, the government is now executing a masterplan that will change the city as a whole.</p><p>“We’ve seen a real flight to quality … around Burleigh there’s been some really upmarket and high quality apartments and developments happening but this will be the step above.</p><p>&nbsp;“There’ll be genuine world class apartments and hotels. And, more importantly, the superyachts will be right in the middle of town. It'll bring in a different demographic.</p><p>“This is high-end apatrtment living where people from Asia Pacific, Europe or wherever will have a place to reside and park their boats. It's a real catalyst for improving the quality of the whole city.”</p><p>Gordon Corporation has spent $5 million on its sales display suite alone for Mandalay Marina and Residences.</p><p>“It’s world class,” Gordon says. “I mean, we've done no marketing and already we're getting extraordinary interest. The display opened this week and it's a private offering so we're only doing it by appointment-only.</p><p>“Quite honestly it's people who are very well-heeled, predominantly Australians.</p><p>“But we've also had people from America and overseas that have come in and they’ve never experienced anything quite like what we’re offering.</p><p>“You know, we could have built 60 apartments but we've chosen only to build 24 to provide the superyacht owners and that higher end of the market an opportunity to buy into something incredibly unique, which is what The Spit is offering.</p><p>“Of course, not everybody has got a superyacht. But I think people are now realising The Spit Master Plan is real and it's a limited offering and won't be repeated.</p><p>“This is the future ... it will be the most exclusive address.”<br><br></p><hr><p><br></p><p><strong>You are currently experiencing <em>The Urban Developer</em> Plus (TUD+), our premium membership for property professionals. </strong><a href="https://www.theurbandeveloper.com/membership-plans" data-mce-href="https://www.theurbandeveloper.com/membership-plans"><strong>Click here to learn more.</strong></a></p><div id="2GhuueZl01Zwo2aFfjNVi2"><picture><img src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg" alt="TUD + Banner" data-mce-src="//images.ctfassets.net/8pr762qjocl3/12UMq5eMSEOh0QxJVBYaDt/d7507cf4ceb1365cc9ce7eaff84d06cc/tud___banner.jpg"></picture></div>

Three decades after the seeds of affluence were sown, The Spit is now the focus of a $1.3-billion trio of projects expected to cement it as one of the country’s most sought-after enclaves for the uber-rich…

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<p>Vertically challenged it is not.</p><p>At least, not for a single detached home—even by Gold Coast mega-mansion standards.</p><p>Sprawling skyward, a slender seven-storey beachfront abode is proposed to rise from the exclusive residential dunes of Jefferson Lane—the southern Gold Coast’s millionaires' row—at Palm Beach.</p><p>Plans for the private “mini high-rise” family residence, with a central lift to access its no less than 1000sq m of floor space, have been filed on behalf of Brisbane businessman Jason Tavakol.</p><p>Tavakol, a pharmacist, paid just over $4 million in 2018 for the narrow 10m-wide property spanning 597sq m at 67 Jefferson Lane.</p><p>It is currently occupied by a three-storey, four-bedroom home that in most circumstances would be regarded as relatively spacious and comfortable.</p><p>But, clearly, no longer spacious and comfortable enough for its owner.</p><p>According to planning documents lodged with the Gold Coast City Council, its six-bedroom replacement would comprise a 963sq m primary residence, 78sq m secondary home, 45sq m home office with a boardroom and a car lift to garage six cars on-site.</p><p>Designed by local architecture studio RealSpace Creative, it would also feature a parents’ retreat and library, wine cellar, children’s retreat, media room, games room, gym, roof terrace and swimming pool.</p><p>“While the site is restricted by its 10m width, the vision for this development was to create a spacious single residence, stacked vertically to provide multiple living and entertaining spaces all enjoying ocean views,” a design report said.</p><p>“A “secondary dwelling” has been designed within the single residence, on level 4, to accommodate the client’s family for extended periods of time … [and] a “home-based business” office and boardroom have been designed on level 1 to accommodate the working arrangements of the client.</p><p>“Subtle, natural and neutral materials have been selected to soften the scale of the development, with the addition of rounded edges,” it said. “This development brings medium-rise views to single, occupant, beachfront living.”</p><div id="vDIRo0PqaMJCXUmgRgWtT"><picture><img src="//images.ctfassets.net/8pr762qjocl3/1JZFjHkMsnXc3zZz3lwqam/f877cafd20cb85e8365dd0092fac4f6c/this_one_palmie.png" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/1JZFjHkMsnXc3zZz3lwqam/f877cafd20cb85e8365dd0092fac4f6c/this_one_palmie.png"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render of the proposed home for the site on the southern Gold Coast.<br><br></span></div></div><p>The proposal would sit under the existing 29m height limit of the medium density residential zoning of the site, which has immediate beach access and never-to-be-built-out ocean views.</p><p>But under a coastal erosion hazard overlay, an accepted-to-code assessment is triggered due to the plans not meeting acceptable solutions for boundary setbacks and location of building within the 8.1m setback to the foreshore seawall line.</p><p>The submitted development application conceded “a small part of the development”—including ground-floor stairs, the pool on level 5 and balconies on level 3 and above—would “partially” encroach on the seawall setback line.</p><p>It noted, however, that the balcony and pool encroachments were more than 11m and about 18.4m, respectively, above natural ground level and removable stairs could be fitted on the ground floor.</p><div id="2jzzB1Wa96LJSt7TKY1FQP"><picture><img src="//images.ctfassets.net/8pr762qjocl3/49CHKC34ac2qVHe3HhgdTH/b3688018b58d647561d0b2c6017d32d5/2.jpg" alt="null" data-mce-src="//images.ctfassets.net/8pr762qjocl3/49CHKC34ac2qVHe3HhgdTH/b3688018b58d647561d0b2c6017d32d5/2.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ A render of the proposed seven-storey mansion and the home on the Palm Beach site currently.<br><br></span></div></div><p>As such, it deemed the development would have “no impact on the protection and maintenance of the foreshore seawall, the landscape character of the foreshore environment … [and would] allow for the beachfront property to be protected from erosion and other coastal hazards”.</p><p>Changes to Jefferson Lane’s residential zoning, reducing density as well as building height limits from 29m to 16m on its eastern side, were among a raft of recently proposed amendments to the Gold Coast's planning scheme.</p><p>However, along with planned zoning changes in a number of other areas, the Queensland government has refused to sign off on the amendments due to concerns they would diminish the city's future housing supply.</p><p>The Palm Beach precinct emerged as a high-rise development hotspot during the pandemic-driven property boom.</p><p>Late last year, Brisbane-based <a data-mce-href="https://www.theurbandeveloper.com/articles/graya-kloud-palm-beach-gold-coast-queensland-development-application" href="https://www.theurbandeveloper.com/articles/graya-kloud-palm-beach-gold-coast-queensland-development-application" target="_blank" rel="noopener">Graya lodged plans for its second site at Palm Beach</a>, a boutique nine-storey development with a mix of 20 two-, three- and four-bedroom apartments.</p><p>Nearby, developer Sammy Saad filed <a data-mce-href="https://www.theurbandeveloper.com/articles/palm-beach-tower-hotspot-strikes-again" href="https://www.theurbandeveloper.com/articles/palm-beach-tower-hotspot-strikes-again" target="_blank" rel="noopener">plans to build a 14-storey apartment tower</a> on a 1650sq m amalgamated site at 1177-1179 Gold Coast Highway, and <a data-mce-href="https://www.theurbandeveloper.com/articles/palm-beach-gold-coast-tower-proposals" href="https://www.theurbandeveloper.com/articles/palm-beach-gold-coast-tower-proposals" target="_blank" rel="noopener">local Brett Freeman submitted a proposal</a> for a nine-storey, 23-apartment tower.</p>

A sprawling seven-storey beachfront mansion is proposed to rise from the dunes of an exclusive residential strip known as the southern Gold Coast’s millionaires row.

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<p>Rent control in Queensland could have a very different impact on the market than intended, according to the Real Estate Institute of Queensland.</p><p>The institute’s chief executive Antonia Mercorella said such a policy could in fact make the situation worse.</p><p>“We are acutely aware of the devastating impacts of the rental crisis and against that backdrop, it’s understandable that some tenants’ advocates are proposing rent control as a solution but rent control is not the panacea that many argue it to be,” Mercorella said.</p><p>“Rent control is a short-sighted solution to a complex problem and could in fact significantly deter property investment and reduce rental supply at a time when we’re already in a rental crisis.”</p><p>Concerns around housing affordability, availability and the cost of living have prompted calls for a rent-control policy in Queensland.</p><p>Calls for rent increases to be tied to inflation plus 10 per cent and limited to once a year were made last week by advocacy groups Tenants Queensland and the Queensland Council of Social Services.</p><p>It means asking the state government to intervene in the private rental market.</p><p>Median rents have risen 80 per cent at Gladstone, 51 per cent at Noosa and 33 per cent on the Gold Coast since 2018 with Brisbane’s house and unit rents increasing by 33 per cent and 23 per cent respectively prior to the pandemic.</p><p>The data is tracked quarterly by the Residential Tenancies Authority in Queensland.</p><p>“Unless we limit rent increases, hardworking Queensland renters will continue to be put at risk of homelessness and subjected to opportunistic rent increases in a hot market,” Tenants Queensland chief executive Penny Carr said, estimating that 30 per cent of renters would be protected by a rent control policy.</p><p>Mercorella is concerned rent control will mean property investors will not have the ability to pay their own bills with their rental income limited, potentially scaring investors off the market and limiting the already diminished rental supply further.</p><p>“It’s unsustainable to assume property investors will keep meeting free-market-driven cost increases such as mortgage repayments, rates, repairs and maintenance, and insurance, while artificially capped rents create a hard limit on their return to cover such expenses,” Mercorella said.</p><p>“Given regular mum and dad property investors provide the vast majority of housing for our state’s rental community, with the government’s social housing supply program accounting for under 4 per cent, it needs to be recognised that the contribution of property investors to housing Queenslanders is vital.</p><p>“If even a small percentage of investors were to sell their properties or withdraw them from the permanent rental market, this would have a material impact on the Queensland rental sector.”</p><div id="5Y6i5JzqXjUAFe6k3zANrK"><picture><img src="//images.ctfassets.net/8pr762qjocl3/6royHxHTw5xzHdJxBXkcth/29be5b05e945345d83a53dda1961328e/Brisbane_Rents_Keep_on_Rising" alt="Brisbane Rents Keep on Rising" data-mce-src="//images.ctfassets.net/8pr762qjocl3/6royHxHTw5xzHdJxBXkcth/29be5b05e945345d83a53dda1961328e/Brisbane_Rents_Keep_on_Rising"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Rents across Queensland have increased significantly since the pandemic began with the amount of rental housing available slowly declining. <br><br></span></div></div><p>Mercorella said <a data-mce-href="https://www.theurbandeveloper.com/articles/queensland-housing-crisis-summit-report-released" href="https://www.theurbandeveloper.com/articles/queensland-housing-crisis-summit-report-released" target="_blank" rel="noopener">the state government needed to intervene</a> to address the housing supply issue.</p><p>“This is not a problem that has emerged overnight and while Covid has had a role to play, the number of dwellings being built in Queensland has diminished considerably over the last five years and our future pipeline is also likely to fall short of demand,” she said.</p><p>“Until we are able to achieve a greater balance between the demand for rental housing and supply, and introduce greater diversity of housing, we won’t be able to fix this critical problem we are facing.</p><p>“What’s needed is a concerted effort from all levels of government to create the right environment to sustain existing established rental stock and to build new housing each year that matches targets based on detailed population forecasts.”<br></p><p><a href="https://www.theurbandeveloper.com/articles/domain-rental-vacancy-landlord-market" target="_blank" rel="noopener" data-mce-href="https://www.theurbandeveloper.com/articles/domain-rental-vacancy-landlord-market">The rental housing crisis has hit people hard </a>with an Australian Housing and Urban Research Institute report finding that renters are 125 per cent more likely to enter housing stress than homeowners.</p><p>It also found that renters are less likely to recover from it within the first year with a probability of doing so at only 39.4 per cent.</p><p>“Renting is much more insecure than homeownership,” UNSW’s City Futures Research Centre deputy director, Hazel Easthorpe, said.</p><p>“It’s a particularly insecure tenure in Australia, more so than in many other countries, because of our limited protections for renters, including allowing no-grounds terminations and unlimited rent increases.”</p><p>Housing stress occurs when a person in the bottom 40 per cent of income distribution is spending more than 30 per cent of their before-tax income on housing, something that is more likely to occur as the cost of living increases.</p>

The policy will have an unintended side-effect that could disrupt the market and make the issue worse, according to a peak industry body…


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<p>Plans have been filed for a medium-rise affordable housing development at Southport on the Gold Coast as the city grapples with the housing supply crunch and record-low rental vacancies despite a recent wave of new residential projects.</p><p>The proposal comprises a mix of 30 one and two-bedroom apartments across six levels with communal terraces on level one and the rooftop on a 1012sq m site at 21 Minnie Street.</p><p>It has been lodged by not-for-profit organisation Community Housing (Qld) Limited, which delivers housing for vulnerable and low-to-moderate income people unable to secure long-term affordable housing.</p><p>“The proposed development provides an integrated complex that will provide an important housing opportunity to support residents requiring housing assistance,” the submitted planning report said.</p><p>“[It] will be delivered by a social housing provider that will source appropriate participants/residents and manage the tenancies long term.”</p><p>The Gold Coast has been riding a pandemic-driven property boom in the past couple of years with a surge in largely high-end, own-occupier residential tower developments but, like in many other parts of the country, affordable housing stock has become increasingly thin on the ground.</p><p>According to the development application, Community Housing Limited (Queensland) has identified a growing need for additional affordable housing within the catchment.&nbsp;</p><p>“The subject land has been identified as a suitable site because of its close proximity to existing public transport options, employment opportunities, community and commercial services, and other recreational and social facilities located in the area,” it said.</p><div id="6UoeRdOrSyi0rMvKqkufvA"><picture><img src="//images.ctfassets.net/8pr762qjocl3/7eJBrODFJz451AFnAGYxqV/5aa874520c0e226d4cd0abe7f6dc568a/Untitled_design__26_.jpg" alt="Render of the proposed medium-rise affordable housing complex at 21 Minnie Street, Southport." data-mce-src="//images.ctfassets.net/8pr762qjocl3/7eJBrODFJz451AFnAGYxqV/5aa874520c0e226d4cd0abe7f6dc568a/Untitled_design__26_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Render of the proposed medium-rise affordable housing complex at 21 Minnie Street, Southport.<br><br></span></div></div><p>Under the proposal, an existing community housing building on the site would be replaced with “a new modern facility that will assist those in need of housing support services and will have a direct community benefit to the area”.&nbsp;</p><p>“The proposed development has been architecturally designed to respond to the characteristics of the site through appropriate building orientation and climate responsive subtropical design, reflective of developments intended for medium density residential areas,” the DA said.</p><p>However, it would exceed the site’s allowable density (20 bedrooms) as well as ground site cover under the City Plan.</p><p>But according to a filed planning report, the proposal would achieve the relevant overall outcomes of the medium density residential zone code.</p><p>“The new affordable housing development provides a greater mix of bedrooms in an area that is characterised by a range of residential outcomes including multiple dwellings, dual occupancies and single-unit dwelling houses,” the report said.</p><p>It also noted there was “limited affordable housing options within the catchment and there is a growing need for this product within key infill locations”.</p><p>“The proposed building has incorporated design elements … to provide visual interest, soften the visual impact of the built form, reduce massing and promote a more slender building design and contribute to the prevailing sub-tropical character of the neighbourhood,” it said.</p>

Plans have been filed for a medium-rise affordable housing development at Southport on the Gold Coast as the city grapples with the housing supply crunch and record-low rental vacancies despite a recent wave of new residential projects.

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<p>Plans have been filed for a residential tower rising almost 19m above the building height limit of a site nudging the Queensland-New South Wales border at Coolangatta.</p><p>The proposal is for a 16-storey high-rise with 34 apartments—topped by a four-bedroom penthouse—on an 810sq m site at 239-241 Boundary Street.</p><p>It has been lodged by entity Intrepid Developments (Qld) Pty Ltd linked to Dale and Brett Nicholls and is planned to top out at 56.7m, exceeding the site’s code-assessable building height limit of 38m.</p><p>According to the filed documents, the proposal is “generally consistent with the emerging character of the neighbourhood and provides exemplary design in order to benefit from the 50 per cent uplift provision for developments in urban neighbourhoods”.</p><p>“The proposal will not result in any negative impacts on local character or scenic views,” a submitted planning report said.</p><p>&nbsp;“The most popular public outlook is Point Danger whereby spectacular 180-degree views are afforded from the north to the south.</p><p>“The proposed development will not impact on this view, nor is it expected that this development will be visible from this location when views to the west are considered.”</p><p>It added: “Of note is the 49.5m building height afforded to sites within NSW in proximity to the site and the development will not have any impacts on the safe, secure and efficient operation of the Gold Coast Airport or any other aeronautical facilities.”</p><div id="5iIlbIiSkiHEBiSS0Xcyoq"><picture><img src="//images.ctfassets.net/8pr762qjocl3/2fstQR3xPbVtO77nFZCGkw/069a7982f14710295d421391d964daff/Untitled_design__16_.jpg" alt="Render of the proposed residential tower at 239-241 Boundary Street, Coolangatta." data-mce-src="//images.ctfassets.net/8pr762qjocl3/2fstQR3xPbVtO77nFZCGkw/069a7982f14710295d421391d964daff/Untitled_design__16_.jpg"></picture><div><span style="opacity: 0.8;" data-mce-style="opacity: 0.8;">▲ Render of the proposed residential tower at 239-241 Boundary Street, Coolangatta. </span></div></div><p><br>The site occupies two lots on the northern corner of the intersection of Boundary Street with Ward Street at Rainbow Bay.</p><p>Under the scheme designed by Plus Architecture, the proposed tower would accommodate 17 two-bedroom, 16 three-bedroom apartments and a four-bedroom penthouse, ranging from 93sq m to 308 square metres.</p><p>“The building has a distinctive design with simple yet elegant lines and natural hues synonymous with a modern beachside location,” the DA said.</p><p>“A high level of articulation is provided through the use of angles within the building’s footprint together with angled sun shading devices.</p><p>“The base of the tower provides an extensive use of cascading plants assisting in grounding the building and providing an inviting and serene entry to the development and space for communal activity.”</p><p>Level one would include a communal gym overlooking Ward Street with a yoga space connected via spiral staircase to the pool and pool deck below.</p><p>Level 15, accommodating the penthouse, is proposed to be connected via a spiral staircase to a private rooftop terrace including a plunge pool, pool deck, barbeque space and outdoor lounge/dining area.</p><p>As well, the rooftop terrace would accommodate additional communal open space.</p>

Plans have been filed for a 16-storey residential tower on a site nudging the Queensland-New South Wales border at Coolangatta.

GOLD COAST