Optimus breaks ground on luxury apartment tower in Broadbeach

Optimus breaks ground on luxury apartment tower in Broadbeach

There's certainly no shortage of luxury accommodation in Broadbeach, and with Optimus Developments' new tower the Gold Coast hub will grow even further. Melbourne-based property developers Optimus Developments broke ground yesterday on its latest $65 million luxury apartment building, 31BB, in the heart of Broadbeach. Directly...

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Boardriders to sell former Billabong HQ in Burleigh Heads

Boardriders to sell former Billabong HQ in Burleigh Heads

After acquiring Billabong earlier in the year, Boardriders is set to sell the surf brand's iconic head-quarters and lease it back to maintain occupation. The California-based Boardriders acquired Billabong for around $208 million in April, and now owns a number of Australian surf-brands. The sale of the Burleigh Heads based Billab...

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The Star announces $2 billion masterplan to become Australia's largest resort

The Star announces $2 billion masterplan to become Australia's largest resort

Just a few months ago The Star Entertainment Group (ASX: SGR) broke ground on its new $400 million Gold Coast tower. Now, the company has announced an even loftier goal that has the potential to make The Star Gold Coast Australia's largest resort. Their announcement today is a planned investment of more than $2 billion to improve ...

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Ponzi property sold at Sanctuary Cove but delays cut price by $1m

Ponzi property sold at Sanctuary Cove but delays cut price by $1m

The fire sale of a Gold Coast property linked to an international Ponzi scandal was completed on Friday with the final bid of $3.9 million made by an existing Sanctuary Cove resident.  The auction for the property on 1019-1020 Edgecliff Drive, Sanctuary Cove was the final sale in Queensland aimed at liquidating funds from Pearl Group...

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Sanctuary Cove property from Indian Ponzi scheme to go under the hammer tomorrow

Sanctuary Cove property from Indian Ponzi scheme to go under the hammer tomorrow

Of the 58.5 million Indians who were swindled in a Ponzi scheme of gargantuan proportions led by Nirmal Bhangoo Singh and the Pearl Group, more than 46 million are still owed money and some of those funds remain tied up in Australian property.  According to documents given to the Securities and Exchange Board of India (SEBI) in 2014,...

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Gold Coast marine industry gets $200m double-barrel boost

Gold Coast marine industry gets $200m double-barrel boost

The Gold Coast Marine Precinct is about to get a $200 million capital injection from two major expansion projects announced within a day of each other.

Both developments, proposed by two prominent Gold Coast entrepreneurial families, are poised to create a major marine industry hub that is arguably the largest in the southern hemisphere....

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Vicinity sells 10 centres for $573m to SCA Property Group

Vicinity sells 10 centres for $573m to SCA Property Group

SCA Property Group (ASX: SCP) will become Australia's leading owner and manager of convenience-based shopping centres after picking up 10 assets from Vicinity Centres (ASX: VCX) for $573 million. The sale forms part of Vicinity's plans to divest non-core sub-regional and neighbourhood shopping centre assets as it shifts attention ...

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New $50 million Rydges hotel to land at the Gold Coast Airport

New $50 million Rydges hotel to land at the Gold Coast Airport

Rydges have activated the landing procedures for its touchdown in the Gold Coast. The federal government has approved a new $50 million hotel in the Gold Coast Airport precinct, aimed at both locals and onward travellers alike. After receiving approval from the Federal Government, a seven-storey Rydges branded hotel will be developed ...

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The Agency set to acquire Top Level on $13.4m capital raising

The Agency set to acquire Top Level on $13.4m capital raising

The Agency Group (ASX: AU1) is going ahead with its acquisition of Top Level Real Estate, after securing $13.4 million in new equity. The Agency emerged from a trading halt this morning to announce that it will acquire the fast-growing Sydney firm upon raising $8.4 million from a share placement and $5 million from converting Top Level...

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CBDRobina's medical precinct continues growth with healthy $2.9m sale

CBDRobina's medical precinct continues growth with healthy $2.9m sale

M-Space QLD has purchased a 2,621sqm site from Robina Group with plans to deliver a new office and medical facility in CBDRobina. The building, to be called Vicinity Robina, is due to be completed in the second quarter of 2020. Located at 18 Campus Crescent, the site will offer 3,037sqm of net lettable area over three floors with inte...

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Star breaks ground on new $400m Gold Coast tower

Star breaks ground on new $400m Gold Coast tower

The Star Entertainment Group (ASX: SGR) has broken ground on its latest development, the Dorsett Hotel, a $400 million addition to the company's growing South East Queensland portfolio. The new tower will boast 316 hotel rooms as well as 423 one and two-bedroom apartments, adding a total 739 keys to the company's accommodation on ...

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"Conservative management" could be Sunland's best bet through market downturn

"Conservative management" could be Sunland's best bet through market downturn

Despite exceeding its guidance, Sunland Group's (ASX: SDG) profit margin has dipped 11 per cent as market headwinds begin to emerge. The Gold Coast-based property developer posted a $298.7 million revenue, down 26 per cent on FY17, as well as a 19 per cent reduced earnings before interest and tax result of $51.9 million. While Sun...

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TDK secures $5M management rights for Robina community

TDK secures $5M management rights for Robina community

Robina Group's $170 million Vue Terrace Homes community is set to be managed by TDK after the operator secured rights to the tune of $5 million, setting a new record for the central Gold Coast suburb. The private developer said it had received 14 offers for the deal in a highly competitive expressions of interest campaign to administe...

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Raptis denies building risk for GC projects

Raptis denies building risk for GC projects

Property developer Raptis Group (ASX: RPG) has defended its position amid reports published in the Gold Coast Bulletin today alleging regulators issued notices to cancel builder licenses for subsidiary Garnet Constructions, as well as Ezra Constructions which is linked to chairman Jim Raptis. The story, citing documents lodged in the Supr...

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SCA Property Group falls victim to tough retail conditions

SCA Property Group falls victim to tough retail conditions

In what marks yet another sign that the Australian retail environment continues to struggle, commercial landlord Shopping Centres Australasia Property Group (ASX: SCP) has reported a 45.2 percent profit fall, down to $175.2 million. The retail trust has blamed its lacklustre result on stunted property value growth compared to its prior ye...

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Gen Y the new boomers for housing market, says BIS

Gen Y the new boomers for housing market, says BIS

Generation Y may have been Generation Boom for the apartment market over the past 15 years, but according to new research they're more likely to be leading a house-and-land surge over the next decade.

BIS Oxford Economics has forecast big changes in the residential demands of ageing Gen Y buyers will lead to slower growth for the apa...

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Construction heading for 'worst crash since GFC'

Construction heading for 'worst crash since GFC'

After years stimulating the economy, the construction industry could become a major drag on activity as it faces the worst downturn since the GFC, says BIS Oxford Economics. The economic analyst and forecaster predicts the latest downturn is likely to be driven by a 50 per cent slump in the apartment market over the next two years. Ac...

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Surfers gets into the Spirit to lure the 'super rich'

Surfers gets into the Spirit to lure the 'super rich'

IT'S the largest single residential tower ever undertaken on the Gold Coast, poised to add 479 premium-priced apartments to central Surfers Paradise, but the Chinese developer sees no issue in finding buyers with deep pockets. Beijing-based Foriseland has officially launched the $1.2 billion Spirit project, an 89-level mixed-use devel...

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Sunland's latest Melbourne acquisition to support $100 million development

Sunland's latest Melbourne acquisition to support $100 million development

Sunland Group (ASX: SDG) has snapped up a prime site south-east of the Melbourne CBD, earmarking the location for a development end-valued at $100 million. The Gold Coast property developer acquired the 5.1-hectare site in Carrum Downs for $13 million and unveiled plans to turn the area into a community comprised of 185 terrace homes. ...

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Landmark lease ushers in new era for Gold Coast startups

Landmark lease ushers in new era for Gold Coast startups

The Gold Coast Innovation Hub (GCIH) has moved into Robina's newly refurbished The PC, marking the city's largest lease deal in the past 12 months. The PC is owned by master developer Robina Group and fully tenanted following its latest deal with the startup incubator. GCIH has secured the remaining 1,822sqm of The PC office s...

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Sunland boosts Brisbane offering with $13.1 million acquisition

Sunland boosts Brisbane offering with $13.1 million acquisition

Sunland Group (ASX: SDG) has added a 3.26-hectare site in Kenmore to its portfolio, a $13.1 million acquisition that the company says will boost its presence within a high-growth area. The development site encompasses several addresses on Moggill Road and Wyndarra Street and has been approved for 96 terrace homes with an estimated end val...

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Co-working spaces and retail here to stay, say property analysts

Co-working spaces and retail here to stay, say property analysts

The future of Australia's property market looks bright with co-working spaces here to stay and retail set to change dramatically according to analysts. CBRE's annual Australian Market Outlook conference held last week revealed optimism about the future of Australia's property market. One of the key outtakes at the event sh...

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Southport to receive lavish $550m entertainment precinct

Southport to receive lavish $550m entertainment precinct

A $550 million retail, dining, entertainment and residential precinct is set to transform Southport on the Gold Coast. Dubbed the 'Queen Street Village', construction is due to commence following the Commonwealth Games in April. The precinct will be built on a 3.2 hectare site bound by Queen, Nerang and Little High streets in ...

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Eureka Group acquires Tasmanian assets for $18 million

Eureka Group acquires Tasmanian assets for $18 million

Eureka Group Holdings (ASX: EGH) has acquired five rental villages throughout Tasmania in a joint venture deal with a group of private investors. The Gold Coast-based retirement village operator acquired the seniors' rental assets in Hobart, Launceston and Devonport from Ingenia for a total of $18 million. The acquisition adds 254...

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The Darling to officially open ahead of the Gold Coast Commonwealth Games

The Darling to officially open ahead of the Gold Coast Commonwealth Games

After three years of construction, a date has finally been announced for the opening of The Star Gold Coast's new hotel, The Darling, which will open its doors on March 22 ahead of the Commonwealth Games. Located at the front of the Broadbeach Island property, the new 17-storey hotel forms the centrepiece of The Star Gold Coast's ...

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Sunshine Coast shopping centre snapped up for $12.85 million

Sunshine Coast shopping centre snapped up for $12.85 million

A popular shopping centre in the Sunshine Coast has been bought for $12.85 million by Brisbane based private equity firm Altor Capital. The shopping centre, Cooloola Cove Shopping Centre, is a Woolworths anchored neighbourhood shopping centre located in the Cooloola region north of the Sunshine Coast. The centre is nearby the largest ...

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Joint venture success buoys Villa World profit

Joint venture success buoys Villa World profit

Villa World (ASX: VLW) is on track to deliver its full-year forecast profit growth as the company today announced a $17.3 million statutory profit after tax. The property developer upgraded its guidance range to $17-18 million in December following a new joint venture project at Wollert in Victoria has since contributed $5.2 million net p...

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Changes to Australian property market means investors need to 'get smart' to make gains

Changes to Australian property market means investors need to 'get smart' to make gains

Far-reaching changes in Australia's property markets are set to bring an imminent end to a long run of extraordinary returns, requiring investors to become savvier and more sophisticated in choosing where to place their money to capture the best returns, new analysis from BIS Oxford Economics shows. After five years where investors ha...

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Gold Coast office vacancy declines on market demand

Gold Coast office vacancy declines on market demand

Healthy demand for office space on the Gold Coast has seen vacancy rates fall over the final half of 2017.

The Property Council of Australia's latest Office Market Report, released today, shows that over the last six months of 2017, Gold Coast office vacancy fell from 11.3 to 10.6 per cent off the back of positive market demand and buildi...

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VILLA WORLD JOINS FORCES WITH SINGAPORE DEVELOPER ON MELBOURNE PROJECT

VILLA WORLD JOINS FORCES WITH SINGAPORE DEVELOPER ON MELBOURNE PROJECT

GOLD COAST-based property developer Villa World (ASX: VLW) has announced a joint venture agreement with Singapore's Ho Bee land that will deliver 285 homes sites north of Melbourne's CBD. The joint venture relates to Villaworld's two previously contracted land sites in the suburb of Wollert, comprising 16 hectares adjacent to ...

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