Thursday 31 March 2022

Why you need a buyers’ agent when investing in property

Many people use buyers’ agents when they’re trying to buy their family home, thinking they need their expertise to make sure they’re making a wise decision and paying the right price.

When it comes to their investment property, however, they decide they’d rather go it alone as it’s often for less money, and they don’t have so much emotional capital bundled up in the purchase.

“But buyers’ agents are more relevant with investment properties,” argues Cate Bakos, president of The Real Estate Buyers Agents Association of Australia.

“People should be buying those for one purpose: their long-term performance. If you love a house and plan to live in it, on the other hand, then its value is pretty immaterial.

“Having a buyers’ agent enables you to look at a property objectively, with no emotion, and in the context of all the figures, like yields, vacancy rates, performance of the area historically, demand for different types and sizes of houses, and advise you about paying the right price.”

National property market researcher Simon Pressley, head of Propertyology, specialises in helping buyers of investment properties and is similarly enthusiastic about the value of professional help.

He’s seen buyers regularly pay over the odds because they’re simply not well enough informed, or over-estimate the returns that are likely to flow.

They do so, he says, because they’re so keen on saving the fee they’d have to pay an agent, which is invariably much less than they lose by not having one.

“If you’re sick, you go to a doctor rather than thinking you know a little bit about medicine so you’ll DIY,” Pressley said.

“But the problem is that you don’t know what you don’t know.

“Buyers’ agents have bought hundreds and hundreds of properties, they have huge experience and they know the market and the different areas, which clauses to put in contracts to secure properties and the best conveyancers to recommend, pest inspectors, surveyors … their networks are huge. Buyers can pull up information but they often don’t know the context.”

Buyers’ agents tend to have ‘runs on the board’ with local sales agents making them useful for investors. Photo: Greg Briggs 

It’s those networks, the market research they have access to and their understanding of what makes a strategic property purchase that makes buyers’ agents so valuable for investments, believes the chair of the Property Investment Professionals of Australia, Nicola McDougall.

When markets are booming, working with buying experts can significantly improve an investor’s chances of securing a property when demand is far exceeding supply, she says, and when it’s softening, that they don’t overpay.

“This is partly because the most experienced buyers’ agents tend to purchase in select locations – that have been determined to have superior growth forecasts – for a period of time so they have ‘runs on the board’ with local sales agents,” she said.

“These local agent networks also mean they often have access to off-market properties that the average investor would never know about.

“Working with buying professionals also means that investors are not going to overpay for a property because they have let their hearts rule their heads. The very best buyers’ agents and qualified property investment advisors provide tailored and independent advice to their clients that ensure the investment property they purchase suits their budgets and their long-term financial goals.”


Article Source:

from Queensland Property Investor

Yves by Hirsch & Faigen Property at 7-9 Mermaid Avenue, Mermaid Beach QLD

The property we have to show you today showcases Rothelowman’s elegant architecture, exudes sophisticated luxury and overlooks the pristine shores of Mermaid Beach. This is Yves.


Address: 7-9 Mermaid Avenue, Mermaid Beach QLD 4218
Developer: Hirsch & Faigen Property
Architect: Rothelowman
Builder: Hutchinson Builders

7-9 Mermaid Avenue, Mermaid Beach QLD 4218 

Located at 7-9 Mermaid Avenue, your brand new home at Yves is positioned to enjoy all that Mermaid Beach offers, with popular eateries, Pacific Fair Shopping Centre and some of the best wave breaks in Australia, right on your doorstep. You can also enjoy the vibrance of the neighbouring Broadbeach without living in the heart of it, returning home to your quiet retreat in just 3 minutes.

Transport in the area is easily accessible, with the Gold Coast Light Rail making navigating the city a breeze. You’ve also got the Gold Coast Highway which is just a block away, and the Pacific Motorway close by. Plus, the airport is only 16 kilometres away for convenient interstate and international travel.

Architecturally, the development is a work of art, creatively using the triangular site to maximise the ocean vistas for residents.

Enjoy arriving home to a dramatic lobby, complete with lush subtropical planting for the authentic year-round hotel-living experience.

The apartments are designed with the owner-occupier in mind. Details such as integrated wine fridges, recessed drapes tracks and seamless flooring connecting living areas to your balconies suggest the team have thoughtfully designed each property for optimum resident comfort.

Yves balconies are also particularly generous, offering the opportunity to spend a lot of your time outdoors, enjoying the stunning view and ocean breeze.

The amenity selection has been carefully curated to ensure that you’re not paying for facilities that you won’t utilise. You’ll most likely spend most of your time at the exquisite swimming pool on level 3, surrounded by built-in cabanas and verdant greenery.

You’ll also have access to the level 24 rooftop terrace, with a private bookable dining space and residents’ lounge for sunsets, drinks and relaxation.

Developer Hirsch & Faigen have an exceptional reputation for creating unique residential developments both in Melbourne and on the Gold Coast.

Yves offers the perfect opportunity for buyers wanting a stylish, modern residence with incredible ocean views at a lower price point and a lot less maintenance. There are just 146 residences available, so request a call from a sales agent today via Urban.


Article Source:

from Queensland Property Investor

How Real Estate Professionals Can Help Manage Your Property Investments

If you’re like most people, you probably don’t have the time or resources to manage your property investments. That’s where real estate professionals can come in and help. In this article, we will discuss how real estate professionals can help manage your property investments and what benefits you can expect from their services.

1. Real estate professionals have experience 

Real estate professionals have a lot of experience when it comes to managing property investments. They can also help you stay on top of market trends and keep up with the latest industry news. This knowledge can be invaluable in helping you make informed decisions about your property investments. Also, they have different expertise depending on the area. If you are based in Australia, for example, you can look for the best real estate agent in Perth or somewhere where it’s closer to you. In addition, real estate professionals have connections and resources that you may not have access to on your own. They can connect you with lenders, contractors, lawyers, and other professionals who can help you manage your property investments effectively.

2. They can help you find the right property 

One of the main benefits of working with a real estate professional is that they can help you find the right property. They have a lot of experience and knowledge when it comes to the real estate market, and they can help you find a property that meets your specific needs and goals. They can also help you avoid any potential pitfalls that may be associated with certain properties. This can save you a lot of time and money in the long run. This is especially important if you’re new to the world of property investing.

3. They can help you negotiate and vet potential investments

Working with a real estate professional gives you access to their years of experience and knowledge when it comes time to invest in property. They can help you negotiate the best deal on a property, and more importantly, can help you vet any potential investments to ensure that they are worth your money. By working with a professional, you can avoid costly mistakes and make sure that your investment is as profitable as possible.

4. They can help you find the right property for your needs

A real estate professional can also help you find the perfect property for your needs. Whether you are looking for an investment property or a place to call home, they can help you find the right property in the right location. They can also provide information on different neighborhoods and what to look for when investing in property. They can help you make an informed decision that is right for you. This is why it is important to work with a professional when it comes to property investments. 

Property Investments

So if you’re looking for help managing your property investments, be sure to work with a qualified real estate professional. They can help make the process easier and less stressful while ensuring that you make the most out of your investments. If you’re ready to get started, contact a real estate professional today!

from Queensland Property Investor

How to Keep Your Commercial Property Safe During Renovation

It’s no secret that renovation can be a messy process. Unfortunately, this often leads to accidents and injuries in the workplace. If you’re renovating your commercial property, it’s important to take steps to keep everyone safe. In this article, we will discuss some tips for keeping your property safe during renovation. 

1. Temporary fencing

One of the best ways to keep people safe during renovation is to install temporary fencing. This will help to create a safe perimeter around the construction site. Make sure that the fencing is sturdy and well-secured so that it can’t be easily pushed over. When you buy temporary fencing for commercial construction sites, make sure to get the tallest fencing that you can to create a safe buffer zone. This is a great solution because it’s affordable and easy to set up.

2. Traffic cones and signage

Another way to keep people safe during renovation is to use traffic cones and signage. This will help to direct pedestrians and drivers around the construction site. Make sure to use brightly colored cones and signage so that they are easily visible. You should also place them in a logical order so that people can easily follow the traffic flow. This makes sure that everyone stays safe and avoids potential accidents. Also, make sure to keep all the signage and cones up until the renovation is complete.

3. Hard hats and safety glasses

It’s also important to make sure that everyone on site is wearing the proper safety gear. This includes hard hats and safety glasses. These items can help to protect people from injuries caused by falling debris or flying objects. Make sure that all of your workers are familiar with the proper usage of these items, and enforce a strict safety policy. This will help to keep everyone safe and prevent any accidents from happening. If you’re not sure where to start, check with your local safety supply store for advice. There are also resources online that can help you to create a comprehensive safety plan for your renovation project.

4. First-aid kit

It’s also a good idea to have a first-aid kit on site. This will come in handy in the event of an accident. Make sure to keep the kit well-stocked and up-to-date. You may also want to consider hiring a first-aid attendant to be on-site during renovation. This is an added layer of safety, and it can help to ensure that everyone is taken care of in the event of an emergency. Sometimes, accidents happen even when you take all the necessary precautions. That’s why it’s important to have a first-aid kit on site. Also, make sure to have a plan in place for how to deal with medical emergencies. This will help to ensure that everyone is safe and taken care of in the event of an accident.


These are just a few tips for keeping your commercial property safe during renovation. By following these tips, you can help to create a safe and healthy work environment for your employees, as well as avoid potential accidents. Stay safe and have a great renovation!


from Queensland Property Investor

What is Property Finance and How Does it Work

If you’re thinking about buying a property, you’ll need to familiarize yourself with the world of property finance. There are many ways to finance a property, and it can be confusing to figure out which one is right for you. In this article, we will explain what property finance is and how it works. By the end of this post, you’ll be ready to take the next step in your home-buying journey!

What is property finance?

So what is property finance? Put simply, it’s the process of acquiring a loan to purchase a property. There are many types of loans available, and it can be tricky to figure out which one is right for you.  There are two main ways to finance a property: through a mortgage or a personal loan. A mortgage is a type of loan that is secured against the property itself. This means that if you default on your payments, the lender can seize the property to repay the debt. A personal loan, on the other hand, is not secured against any assets. If you can’t repay the loan, the lender cannot take your home away from you. The usual commercial property finance solutions are very different, compared to financial solutions used to buy a residential property to live in. They include:

  • Development finance 
  • Commercial mortgage 
  • Factoring & invoice discounting 
  • Business loans 

Each of these solutions has its own unique set of benefits and drawbacks, so it’s important to do your research before you choose one.

How does property finance work?

Once you’ve decided which type of loan you want, the next step is to apply for it. There are many lenders out there, so it’s essential to compare their rates and terms before you select one. Once you’ve found a lender, you’ll need to provide them with some basic information about yourself and the property you want to buy. They will then assess your application and decide whether to approve it. If your application is approved, the lender will give you a loan agreement outlining the terms of the loan. It’s critical to read this document carefully before signing it, as it will be legally binding. Once you’ve signed the loan agreement, it’s time to start paying back your debt. Most mortgages have a variable interest rate, which means that your payments will change over time depending on the market conditions. It’s important to make sure that you can afford your monthly payments, and that you have enough money left over to cover your other expenses. 

So is property finance right for me?

That depends on your circumstances. Property finance can be a great way to get into the property market, but it’s important to make sure that you can afford the monthly payments. If you’re not sure whether property finance is right for you, consult a financial advisor for advice. They will be able to help you find the best solution for your needs. It also pays to do your research before you apply for a loan so that you know what to expect. Sometimes, it’s helpful to speak to a few different lenders before you make a decision.

Property Finance

So now you know what property finance is and how it works! By taking the time to research all of your options, you’ll be able to find a loan that’s perfect for you. Good luck on your home-buying journey and happy house-hunting!


from Queensland Property Investor

Wednesday 30 March 2022

Green light for $320 million ‘catalyst’ resort at Port Douglas

A $320 million resort with a wave pool has been given development approval by the Douglas Shire Council.

The 164-room resort was expected to also have 90 self-contained cabins and a swimming lagoon. The wave pool was expected to have waves up to 7 foot and offer rides of 26 seconds.

The development, spear-headed by local businesses NorthBreak Developments and Hunt Design, was expected to inject more than $117.5 million worth of wages into the local economy over the construction period.

Once operational, Northbreak expected the resort would create 740 full-time jobs, attract 128,680 visitor nights and generate $79.2m in direct expenditure each year.

NorthBreak would also have to offset their demands on the council’s water supply and sewer network, as well as contribute towards planned trunk infrastructure to service the Shire.

The development site is located on the Captain Cook Highway.

Douglas Shire Mayor Michael Kerr said the wave park would be a catalyst for a new era of tourism in Port Douglas and Daintree.

“This transformative project will significantly lift summer tourism by creating a world-class surfing experience and year-round swimming option down the road from Port Douglas,” he said.

“With no recognised surf breaks in the tropics, the council believes this once-in-a-generation development will attract a wave of new visitors and keep our beautiful pocket of the world at the forefront of travellers’ minds.”

“The wave park fits in nicely with our sports tourism focus and is perfectly positioned in the Mowbray Valley to complement the Wangetti Trail development.”

Council’s planning team has worked closely with NorthBreak and Hunt Design on the development application since late-2020.

Kerr said the wave park development would play a vital role in helping the region recover from the economic shocks felt during the Covid-19 pandemic.


Article Source:

from Queensland Property Investor

Quinlivan Files Updated Hotel Plans

Developer Stan Quinlivan has filed fresh plans for the redevelopment of Cottesloe’s Ocean Beach Hotel in Western Australia.

The Perth-based businessman has tried several times to gain approval for the redevelopment the 115-year old hotel at 140 Marine Parade.

The current plans have an estimated $220-million gross development value and therefore must be lodged with the state development assessment unit instead of with council. They are currently on public exhibition.

The Hillam Architects-designed plans are for two 12-storey towers and one 10-storey tower comprising 204 apartments and 121 hotel rooms, and includes the demolition of the existing building on the site.

The plans detail a total floor area of 44,165sq m with 11 food and beverage tenancies and 1860sq m of commercial space.

There are 429 residents’ car parking bays and 227 bicycle bays plus 140 car parking bays for commercial tenants and the hotel.

Previous versions of the plans lodged in 2020 included 229 apartments, 167 hotel rooms and 775 car parking bays with 10-storey towers.

The Ocean Beach Hotel has long been a popular those moving to Perth from WA’s regions for work in the city as well as visitors to the city.

As many homes in the suburb enjoy beach views, residents and the council have long opposed high-rise buildings in Cottlesloe.

▲ The Hillam Architects-designed plans for the Ocean Beach Hotel redevelopment in Cottesloe, Western Australia. Source: Ocean Beach Hotel. 

The state development application unit will assess the applications on behalf of the WA Planning Commission and consult with the Town of Cottlesloe and other stakeholders.

The Ocean Beach Hotel property is owned by Quinlivan and other members of his family via a group of eight different Quinlivan-owned companies, according to ASIC data.

The businessman also owns the regional Skippers Airlines, which runs flights between WA’s mining regions and Perth for FIFO workers, and general freight and courier company Skippers Transport.

Other suburbs fronting the coastline such as Nedlands, Claremont and Scarborough are all seeing an increase in luxury high-rise apartment developments.

Cottesloe Residents and Ratepayers Association chief executive and former councillor Greg Boland said that the approval of Gary Dempsey’s apartment plans for 120 Marine Parade has incentivised other developers, including Quinlivan, to lodge applications with the state development application unit (SDAU).

“It’s been through various proposals over the years,” Boland said.

“This is just the latest.

“It’s probably seen the opportunity to go higher to 12 storeys because of
the decision to allow a particular project along Marine Parade—120 Marine Parade was approved at seven storeys instead of the limit of five.”

Alhough council’s height limit was five storeys, the 120 Marine Parade proposal initially included 10 storeys and was finally approved for seven storeys by the WAPC through the SDAU process.

The council opted not to appeal against the decision. Since then the Ocean Beach Hotel proposal, as well as the Seapines proposal for the corner of Johnson Street and Marine Parade and a seven-storey proposal for 122 Marine Parade, have been lodged with the SDAU.

Also in Cottesloe, Andrew “Twiggy” Forrest’s Tattarang’s property arm Fiveight has recently filed plans with the Town of Cottesloe to redevelop the iconic Indiana Tea House and to build a three-storey hotel opposite it.

The council is currently weighing up independent advice on the design as well as a motion to dismiss the plans.


Article Source:

from Queensland Property Investor

Aria Files Plans For 17-Storey South Brisbane Tower

Aria Property Group has filed plans for its 11th apartment tower in South Brisbane.

The 17-storey Richards & Spence and Bates Smart-designed tower is planned for 33 Manning Street on part of a 4562sq m site of amalgamated lots across Manning, Edmonstone and Melbourne streets.

Aria’s development director Brent Liddell said the tower was planned as the first stage of a masterplan for the site.

“It will be a multi-tower plan with an integrated ground floor podium,” Liddell said.

“There are another two towers to come—we are working with the council on the design process.”

The first proposed tower would have a three-level podium and mezzanine, plus 84 residential units and 754sq m of commercial gym space.

A five-level basement with 404 parking spaces will extend from under 33 Manning Street too 190 Melbourne Street, which has a heritage-listed building on it—a 1913-built, two-storey former corner store and residence of Lebanese immigrant Salem Malouf.

▲ Bate Smart’s images of the 33 Manning Street project in South Brisbane. Source: Aria Property Group.

Another heritage-listed building, the former Bonds Sweets Factory from 1951 at 164 Melbourne Street, will also not be affected.

That three-storey building now has a penthouse residence and was never used by Bonds Sweets but rather sold to a machinery manufacturer and then to Universal Pictures in 1954, before hosting the Museum of Contemporary Arts from 1989 to 1991.

It too is currently tenanted by EF Learning College.

Liddell said any non-heritage additions to the two buildings would be removed.

“We want the buildings to retain their old fabric and character,” he said.

Aria bought the lots between 2018 and 2021 for a total $35 million.

“We saw a real opportunity there,” Liddell said.

The first and second stages of construction will involve demolishing non-heritage buildingsa on the site and then setting a cap for the five-level basement.

The site is minutes from the Brisbane Convention Centre, the Fish Lane Town Square, Musgrave Park, South Bank Parklands, the South Brisbane Train Station and Brisbane State High School.

Among its many projects past and present in the area, Aria is currently building the 14-storey, 110-apartment Trellis tower at 20-24 Edmonstone Street on the same block as well as the 30-storey, 180-apartment tower Upper House at 66 Hope Street. Both are scheduled for completion in 2023.

Aria wanted to invest specifically in South Brisbane, Liddell said.

“We are all locals here and we realised this is where we wanted to focus,” he said.

“We want to develop buildings that we are proud of, that the locals are proud of.”

Also in the area, the Pyco Group has lodged plans for a DAH Architects-designed seven-storey, three-building project at 110 Vulture Street.

The 2119sq m site would have 36 townhouse units, each with two floors, and 48 car parking spaces.


Article Source:

from Queensland Property Investor

Marquee Development Partners compete sold-out The Catalina, Chevron Island apartments

All The Catalina apartments were sold prior to construction commencing. Buyers represented an even mix of locals and interstate purchasers, with many relocating from Greater Sydney up to the Gold Coast.

Marquee Development Partners has marked the completion of its third Gold Coast project, with a ribbon cutting on the site of The Catalina, the apartment tower on Chevron Island.

The Acting Mayor Cr Donna Gates joined Marquee to commemorate the official delivery of what has become the first in a spate of art deco-inspired developments on the island, which is rapidly emerging as the city’s arts and cultural capital.

“It’s great to see buildings like this which connect the new residents directly into this amenity and culture,” Gates said.

“The Catalina is a great example of a medium density development that helps provide housing options and choices for locals to downsize, upgrade or purchase their first home.”

The Catalina
The Catalina 258 Stanhill Drive, Surfers Paradise QLD 4217 

The Catalina comprises 75 apartments over nine storeys, offering residents views across the river, city skyline and hinterland. Residents also get access to a range of private amenities including a pool, gym, private dining, cinema, and rooftop residents club.

All The Catalina apartments were sold prior to construction commencing. Buyers represented an even mix of locals and interstate purchasers, with many relocating from Greater Sydney up to the Gold Coast.

“The Catalina helped provide an achievable housing option and choice for locals to downsize, upgrade or purchase their first home, without compromising on quality or amenity,” Azura Griffen, sales manager at Marquee, said.

Local Queensland builder Rawcorp delivered the nine-storey development after construction was fast tracked on the back of strong sales.

“We are delighted to have delivered yet another collection of high-quality residences for our= buyers who share our passion for this unique pocket of the Gold Coast” Griffen added.

“Rawcorp has done a remarkable job at bringing our visionary development to life and we are very proud to welcome The Catalina’s very first residents into their stunning new homes.”

The Catalina marked Marquee and Rawcorp’s third completed project on the Gold Coast together, with Rawcorp now underway on the delivery of Marquee’s sold-out Palm Beach developments, Palm Beach Residences and Northshore, which are due for completion in 2023.

“Rawcorp has an impeccable track record with the timely and reliable delivery of projects across Southeast Queensland, and we look forward to carrying forward this partnership into future Marquee projects,” Marquee Development Director, Steve Harrison, said.

The Catalina is Marquee’s second Chevron Island development, following on from the sell- out success, Stanhill Residences, which was also delivered by Rawcorp and was awarded the 2020 Master Builders Queensland Housing and Construction Award for the best Medium Density Apartment Development.


Article Source:

from Queensland Property Investor

Horan Group Gold Coast apartment tower, Rosewood in Broadbeach

Dubbed ROSEWOOD, the project will have 120 apartments

The Brisbane-based Horan Group is branching out to the Gold Coast.

They’re starting in Broadbeach, where they’ve had DBI Architects submit plans for a 28-level tower at 11 Rosewood Avenue, Broadbeach.

Dubbed ROSEWOOD, the project will have 120 apartments.

DBI say they have designed Rosewood to offer a truly distinctive lifestyle opportunity.


“ROSEWOOD is designed to respond to the local environment at both the macro and micro level,” DBI’s submission to the Gold Coast City Council read.

“The development is broken down vertically into thirds; the ground plane base, expansive recreational space and residential tower.

“Horizontally the tower residential levels form is broken into three parts; north and south facing wings, a recessed eastern edge and expressed rhythmic vertical spine.”

There will be just five apartments per floor, with 96 two-bedders, a quarter with an additional multipurpose room, and 24 three-bedroom apartments. The internal living space for the two-bedroom apartments start at 80 sqm, with a further 12 sqm of balcony space.

The three-bed internal space is 115 sqm.

Level 3 will home the resident amenity. There will be an outdoor lap pool, with cabanas and day beds, a yoga lawn. Inside there’s a lounge and workshare areas.

“All recreational spaces on Level 3 have been designed to blur the line between internal and external spaces, along with a 6.3m floor to floor, allowing maximum natural light throughout the day and views through perimeter subtropical planting,” DBI advise.

Residents will be welcomed by a 12 metre high external lobby arrival, connecting to the double-height lobby.

ROSEWOOD is situated within walking distance from Cascade Gardens, Broadbeach Park, public transport, the Broadbeach foreshore and a 500m stroll from the vibrant Broadbeach urban hub.

The Horan Group have previously built Mirada at Suttons Beach in Brisbane’s Moreton Bay region, and their flagship Peak Apartments in Brisbane.

The new tower is just a few doors down from Asana, the first project on the Gold Coast by the Sydney-based Macquarie Developments.

Assana, which will be the tallest tower in Broadbeach at 52-levels, topping the height of the nearby The Oracle Beach Tower, which peaks at 50 storeys.

The Gold Coast City Council gave the development the green light, after Macquarie amended the approved application after they bought the site in October through site amalgamation specialist GV Property Group.

Assana will now rise a further 11 levels, but will have considerably less apartments, down from 186 to 146, a move which sees the developer cater to growing trend of bigger apartments for the owner-occupier.

There’s set to be further development, with GV Property Group seeking buyers for 4-6 Rosewood Avenue.

The 1,422 sqm site would suit another high-rise.


Article Source:

from Queensland Property Investor

Tuesday 29 March 2022

Mirvac’s $670m Brisbane Office Tower Wins Approval

Mirvac’s plans for a $670-million commercial tower in Brisbane’s CBD have won approval from the Brisbane City Council.

The Blight Rayner-designed tower would rise to 37 storeys on the 8900sq m amalgamated site on Turbot Street, one of the largest sites in the city’s CBD.

The heritage-listed Neo Georgian dental school will be retained and integrated into the development, while two commercial buildings would be demolished to make way for the office building.

Surrounded by parkland and overlooking the proposed Brisbane Live Olympic venue, the site will be connected to the Cross River Rail station and ongoing redevelopment of the Roma Street precinct.

The mixed-use commercial development would provide 66,000sq m of office space across large floorplates. It would also include 6000sq m of open space, 169 car parks and 745 bicycle parking bays.

▲ The development at 200 Turbot Street will tower above surrounding parkland and one of Brisbane’s oldest buildings, the Mill, with plans to integrate the heritage-listed former dental school into the development. 

It’s a glowing endorsement for Brisbane’s resurgent office market.

According to the ASX-listed company’s property compendium, office makes up 50 per cent of its assets nationally with a book value of $8.12 billion.

Speaking at the Green Building Council of Australia’s Transform conference last week, Mirvac chief executive Susan Lloyd-Hurwitz said the office remained an important part of our working lives.

“We now know we can run major banks, insurance and even development from the spare bedroom of our house … but I think we also understand how much is missing.

“Over the long arc of history agglomerating people and ideas, that’s the generating of wealth in our economies.”

Lloyd-Hurwitz said healthy buildings with touchless technologies embedded would thrive in the post-pandemic office landscape.

She said the move to remote work life had democratised workplaces but the office remained crucial as a “spark” for collaboration and networking.

Latest Property Council data shows Brisbane’s office market is rebounding following rolling lockdowns. Office vacancy rates were at 15.4 per cent in February this year.

At the end of 2020 the Queensland government announced Mirvac had been selected as the developer of the former UQ Dental School site, which would create about 360 jobs.

The developer topped out on its Heritage Lanes development at 80 Ann Street in Brisbane late last year with practical completion due in the second half of 2022.

The 35-storey premium office tower has secured Suncorp as its anchor tenant and the building’s tenant pre-leasing is at 93 per cent.


Article Source:

from Queensland Property Investor

Auctions Skyrocket on Back of Nation’s Property Boom

The number of auctions held in Brisbane has tripled and Canberra has overtaken Melbourne as the auction capital as demand continues to transform the market.

Across the country, auctions have resulted in higher selling prices in the past year with the volume doubling overall over the past decade, according to research by Domain.

The report showed there was a significant upswing in auction numbers during 2021, particularly in the emerging auction markets of Canberra, Adelaide and Brisbane.

Houses sold at higher prices during the weekend than other days across all markets except Sydney, where midweek auctions were more successful, although nationally units sold better during the week.

Median price by sale method, 2021

Sold by auction House auction House private treaty Unit auction Unit private treaty
Sydney 24% $1.79m $1.1m $1.07m $760k
Melbourne 25.8% $1.14m $812k $720k $575k
Brisbane 6.4% $1.04m $622k $586k $440k
Adelaide 15.6% $759k $540k $523k $369k
Canberra 27.6% $1m $840k $670k $528k
Perth $930k $517k $368k
Hobart $630k $541k
Darwin $678k $575k $370

^Source: Domain In-focus Auctions report
During 2021 every capital city achieved a higher median price at auction compared to private treaty.

In particular, Brisbane had a price differential of 66 per cent for houses and 42 per cent for units, followed by Sydney with 63 per cent for houses and 41 per cent for units.

Domain chief of research and economics Nicola Powell said we could expect to see a growing number of auctions in the coming years.

“And this trend is not isolated to just one city, we’re seeing it across Australia and spreading from the higher-priced suburbs into the middle and outer suburbs,” she said.

“Buyers and sellers are embracing the transparency and efficiency that auctions can often provide, and the fact that all cities have a higher median price at auction compared to private treaty.”


Article Source:

from Queensland Property Investor

Seymour Group to create luxury New Farm apartment development

Seymour Group, founded by rich lister Kevin Seymour has submitted plans for a boutique six-level apartment development at 39 Griffith Street, a site bought at auction for $7.75 million in 2019.

The Brisbane developer Seymour Group is planning a high-end tower in the exclusive riverside suburb of New Farm.

Seymour Group, founded by rich lister Kevin Seymour, has submitted plans for a boutique six-level apartment development at 39 Griffith Street, a site bought at auction for $7.75 million in 2019. It was a record for the area at the time.

There will be just five apartments, including a double-storey penthouse in the building designed by Bureau^proberts, who note in their design statement to the Brisbane City Council that they seek to create an exemplary design outcome with residential amenity at the forefront of the design.

“The development maximises key views in and around the development, leveraging off its position adjoining the Brisbane River,” the statement read.

“The proposal orientates balconies and habitable living spaces towards the Brisbane River to maximise outlook for residents.

Seymour Group

“The primary materials are complimented by details of a finer scale to create rhythm and visual interest, including varied window forms, distinctive curved features, screening elements and layered landscaping.”

Comprising of one three-bedroom apartment and four four-bedroom apartments, the development will maximise views, leveraging off its position adjoining the Brisbane River.

Balconies and living spaces have been orientated toward the river, encouraging the use of the outdoor spaces and following the principles of the New World City Design Guide: Buildings that Breathe.

“The primary materials are complimented by details of a finer scale to create rhythm and visual interest, including varied window forms, distinctive curved features, screening elements and layered landscaping.”

The large sweeping form of the build has been designed to echo the organic movement of the Brisbane River, while the double-story penthouse, riverfront pool deck and glass-edge pool heighten the sense of luxury within.

Vertical living greenery has been planted throughout to soften the visual aspect of the build, which presents as five-storeys from the street, staying consistent with neighbouring developments.

The site is within proximity to major developments, expansive open space, social infrastructure and public transport facilities, including Sydney St Ferry Terminal, the New Farm River Walk and Merthyr Park. Construction on the development began in December 2021 and is expected to be completed in mid-2023.


Article Source:

from Queensland Property Investor

Boutique apartments set to take over Mermaid Beach

Famous for its boutique, low-rise projects, there’s been a wave of development applications in the last four weeks in the exclusive beachside suburb.

With buyer demand still booming, the Gold Coast property sector is set to ease the apartment shortage, delivering on more than 2500 units across 20 new tower projects.

One area that has been especially popular with developers is Mermaid Beach. Famous for its boutique, low-rise projects, there’s been a wave of development applications in the last four weeks in the exclusive beachside suburb.

It’s a battle to be as close to the beachfront. Hedges Avenue is one of the most expensive strips of real estate on the whole of the Gold Coast, with some of the states most expensive homes just off the sand.

Just south of Hedges is Albatross Avenue. Also beachfront, the strip has become a more viable option for developers, with land prices slightly more affordable than the neighbouring Hedges Avenue.

A local developer recently lodged plans for a boutique four-unit development at 90 Albatross Avenue.

Albatross Avenue
The plans for 90 Albatross Avenue. Image credit: BDA Architecture 

BDA Architects has designed the project, with each apartment spanning a whole floor. The development will also feature a partial additional level, which will home the resident’s communal amenity, including a plunge pool, an open barbecue, terrace seating and a powder room.

The apartments all have three bedrooms, each with with walk in robes and ensuites.

A few rows back from the beach is the popular Petrel Avenue, where there’s also been two development applications lodged in recent weeks.

Bespoke developer Revilo Projects, who focus on boutique, high end stock, has lodged plans for a three-storey development at 3 Petrel Avenue, with just three apartments.

There will be two three-bedroom apartments along with one four-bedroom apartment, with each residence occupying a full floor.

BDA Architects is creating the apartments with a soft colour palette, with white batten screening, timber soffits and natural stone, creating a coastal facade offset by the subtle curves of the built form.

Private open spaces have been incorporated for each apartment, with the ground floor apartment taking advantage of a large podium terrace, and the upper two apartments with the luxury of private roof top terraces.

These large, liveable apartments will cater for the down sizer or larger families looking to move closer to the beach.

Up the road at 84 Petrel Avenue, developer SK2 Property has also had BDA put together plans for four whole-floor apartments.

Embracing sub-tropical design objectives and delivering a residential building of a contemporary, minimalist coastal form and character, the main indoor living areas are oriented toward the street frontage of Petrel Avenue, leading out to expansive outdoor living spaces.

The group recently lodged plans for a similar three-storey residential build at 33 Albatross Avenue.

At the southern end of Petrel Avenue is Chairlift Avenue East, where MAYD Group will be creating something special with eight apartments.

Plus Architecture has designed the four-storey building at 13-15 Chairlift Avenue, which will have two three-bedroom, three-bathroom apartments on the ground level, spanning just under 300 sqm. Wrapped in private courtyards and terraces, each apartment will also home its own private plunge pool.

Levels two and three will also feature two apartments, this time with a three-bedroom, three-bathroom, plus multi-purpose room configuration. Each apartment sits across 204 sqm of floorspace, opening out to a southern facing 20 sqm balcony.

Level four is home to the two penthouse apartments, each with exclusive access to their own private rooftop terraces. Spanning 200 sqm internally on the fourth floor, most of the living areas occupy this space. The rooftop terrace incorporates 39 sqm of internal space and a further 140 sqm of terracing, complete with their outdoor kitchen and plunge pool.


Article Source:

from Queensland Property Investor

Mosaic lodge East Brisbane apartment plans, with unique Moreton Bay Fig tree design influence

Mosaic had DKO Architiecture put together the creative plans, which saw them incorporate the Moreton Bay Fig trees across the road at Mowbray Park in to their design

The renowned South East Queensland apartment developer, Mosaic Property, has lodged plans for its latest Brisbane apartment project.

They’ll be developing in East Brisbane, where they’ve previously had quick-fire sell-out success with The Sinclair, which is to be completed later this year.

The latest project, at 89 Lytton Road, occupies a prime position across the street from Mowbray Park and the Brisbane River. The blue chip 2,563 sqm corner site, currently home to the East Brisbane Shopping Centre, also has street frontages to Northcote Street and Heidelberg Street. Mosaic secured the site mid-last year.

Mosaic had DKO Architiecture put together the creative plans, which saw them incorporate the Moreton Bay Fig trees at Mowbray Park in to their design.

Mosaic Property

“The main design driver was to reconcile the need to provide shelter and respite from the inner city urban environment, and at the same time, open up to the fantastic views on offer, almost 270 degrees around the site,” DKO noted in their submission to the Brisbane City Council.

“We drew lessons from two major landmarks close to the site – the leafy sheltered spaces in Mowbray Park created by the Moreton Bay Fig trees as well as the bricks and verandas from Hanworth House.”

The fig tree response saw DKO create a unique design. The columns throughout the tower take on the form of branches, with the structure transferring through the raking sculptured columns at ground then into the basement grid below.

“Metaphorically and literally [the building is] expressing the form of fig trees,” DKO note.

There will be 81 apartments across the eight-level building. Mosaic has always positioned itself as a developer for the owner-occupier. They’re offering three different configuration types, 33 two-bed apartments, 22 two-bedroom plus multi-purpose room, and 26 three-bedrooms plus multi-purpose rooms.

Residents will have access to the private wellness and gym space on the ground level, located beside two retail tenancies.

There’s further private amenity on the rooftop, which will feature a luxury, resort-style pool, day beds, barbecue and dining areas, and extensive landscaping by Wild Studio.

The partially covered rooftop will offer panoramic views of the CBD skyline, Brisbane River, and Mt Cootha.

Speaking to Urban earlier this year, Mosaic Property boss Brook Monahan said there is huge potential in the Brisbane apartment market, particularly in the owner-occupier space.

“There’s just not enough high quality built form for owner occupiers wanting bigger units, and world class amenity, in the five kilometre ring around Brisbane,” Monahan said, suggesting there’s been a chronic undersupply for that type of buyer since around 2018.

Mosaic is set to launch seven projects to the market this year, spread across Brisbane and the Gold Coast. They have their sights set on Broadbeach, Coolangatta and Bilinga on the GC.


Article Source:

from Queensland Property Investor

Monday 28 March 2022

No Easy Road to Land Burleigh Site

Securing a site for development is not often cut and dried, with negotiations behind the scenes taking any manner of twists and turns.

For Forme’s Luna residential tower at Burleigh Heads on the Gold Coast, that was very much the case, as Forme managing director David Calvisi explains in this TUD Plus Briefing taken from The Urban Developer Boutique Development vSummit.

Luna, on Goodwin Terrace, is an eight-storey high-end tower with three-bedroom, full-floor apartments. All eight, priced from $3.9 million, sold out in January 2021. Construction was completed in February 2022.

Calvisi said the site, formerly the home of popular restaurant The Fish House, had been purchased from a group of investors in 2018 for $5.5 million.

“One of those owners was actually the ex-chief executive of Billabong, Matthew Perrin—at the time he was in jail, and it made for a pretty tricky negotiation,” he said.

“We were able to get someone to go in and see him, and get the deal done that way.

“When we bought it, the site was leased to The Fish House and it had 10 years remaining on the lease.

So, a separate deal was struck with the owner to purchase the business … just shortly after purchasing the site.

“We paid $1.8 million for the business and that obviously included all the assets of the business which we which we sold down by via an auction.”


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from Queensland Property Investor

Will the property market crash? Experts are divided

The big four banks are predicting house prices will drop by up to -14 per cent in the next two years, an outcome that would wipe out a sizeable chunk out of the massive gains seen over the past 15 months.

Some real estate experts disagree, though, suggesting that the outlook may not be so dire.

So what does it all mean for potential sellers who are wondering how to navigate what may be a turbulent market ahead?

The banks are forecasting a substantial drop in house prices

Even before the conflict in Ukraine sent global markets into a spiral of uncertainty, economists at Australia’s big four banks were outlining a treacherous path for the country’s property price growth.

With interest rates tipped to rise later this year and housing affordability worsening, Westpac announced their forecasting for 2023 and 2024.

The bank expects an overall fall in house prices of -14 per cent from the market peak, with values beginning to dip in the second half of 2022.

property market

“Australia’s housing market boom is showing clearer signs of slowing with sentiment pointing to a decline in turnover through the first half of 2022,” Westpac Senior Economist Matthew Hassan explained.

“More importantly, the medium-term outlook has shifted materially with an interest rate tightening cycle now expected to see a broad-based correction phase begin later this year, continuing throughout 2023 and into 2024.”

The other banks have taken a less dramatic approach, though all four are aligned on the expectation that prices will fall in 2023.

The forecasts for next year are a -10 per cent drop for NAB and CBA, with ANZ predicting a fall of -6 per cent.

If Westpac’s predictions were to hold true, the value of the median Sydney home would fall by over $150,000 from today’s prices—a major downshift for sellers.

Other experts are seeing a different outcome

Not everybody in the industry sees things playing out the way that the banks do.

Michael Yardney, director of Metropol Property Strategists and the name behind the popular Property Update blog, urged caution around the pessimistic messaging that’s out there.

He noted that predictions of a -20 per cent market crash are nothing new, “​​​​but just look at the terrible track records—they’ve been predicting this every year for the last decade and they’ve been wrong.”

As he put it, “our property markets are just going to move out of the sixth gear into third or fourth gear—they are not going into reverse.”

For the remainder of 2022, Mr Yardney expects buyer demand will remain strong, investors will be “back with a vengeance,” and property prices will continue to rise—just at a slower rate than we saw last year.

Housing economist Andrew Wilson shares that sentiment. Looking at the banks’ predictions for next year, he told The New Daily that “these are quite remarkable forecasts.”

Australian house prices.

“Historically we’ve only had three years of falling prices since 1987,” he pointed out.

Generally speaking, Dr Wilson believes that the market response to rising interest rates won’t be as rapid or severe as the banks are forecasting, so any price falls would likely be more moderate.

What does the future hold for Australian property?

With so much conflicting information and opinion out there, it can be difficult to understand how to approach the coming 12 to 24 months.

On the one hand, it does look highly likely that interest rates will begin to rise later in 2022, and the banks—Westpac especially—say that’s going to spark a significant reversal in growth.

The other perspective looks to historical data and suggests that the future won’t be as gloomy for homeowners as the banks are making it out to be.

One thing does seem certain, which is that the booming prices seen throughout 2021 are now in the past, and any future growth will be far more restrained.

Nobody has a crystal ball, but one of the best ways to understand the conditions in your market and whether or not growth has peaked is to speak to a top local agent.

Ultimately, they’re the ones who know how properties in your particular suburb are selling, what buyers are thinking, and which way things could shift.

For now, with property prices still at all-time highs across the country, conditions are still very much favourable to sellers.


Article Source:

from Queensland Property Investor

Housing Stress Biting Hard in Nation’s Outer Suburbs

The five electorates with the highest levels of housing stress have been revealed as affordability ramps up as a key issue in the coming federal election.

Following the release of 16 recommendations to improve housing affordability, the coalition claimed planning and supply was the issue while the opposition said this was a narrow focus.

However, the inquiry did little to map out a route to recovery, with the Property Council of Australia starting a campaign the same week urging political leaders to address the crisis.

House prices increased at a record rate during the pandemic while wages remained relatively stagnant.

The PCA found 70 per cent of voters feared younger people would never be able to buy a home, believing the great Australian dream was out of reach.

Meanwhile, between 50 per cent and 75 per cent of renters were living in housing stress, which was particularly felt in outer suburban and coastal communities, according to Everybody’s Home.

Electorates experiencing the highest housing stress

Rank NSW Qld Vic
1 Macarther 76.5% Bowman 59.8% Bruce 64%
2 Chifley 73.6% Forde 57.8% Calwell 63.3%
3 Mitchell 73.0% Wright 57.0% Holt 63.1%
4 Barton 70.5% Petrie 53.5% Lalor 62.9%
5 Robertson 70.0% Oxley 52.9% McEwen 61.5%

^Source: Proportion of renters living in housing stress. Everybody’s Home, Digital Finance Analytics & UNSW City Futures Research Centre

Rental stress was between 40 per cent and 70 per cent across a majority of seats in Sydney, Melbourne and Brisbane.

Research by Finder showed the impact of housing affordability had vast differences across the generationsm with 62 per cent of baby boomers buying a home by age 30 compared to only one in three millennials.

This came despite record low interest rates, which are expected to hold until after the election, to be held before May 21.

For mortgage holders, delinquencies should hold steady during 2022 as the country transitioned to stable growth, according to Moody’s Investor Service.

PCA chief executive Ken Morrison said with an election only weeks away, the figures should rightly put pressure on federal parties as well as state, territory and local governments.

“Our research shows four of every five aspiring homeowners actually believe the dream of home ownership is unachievable, which you’d have to say is incredibly disheartening,” Morrison said

“It’s no wonder more than half of 18- to 34-year-olds say it will be an important issue for them in deciding their vote, while another quarter felt it was one of the most important issues coming into the election.”

Everybody’s Home’s Kate Colvin, who is also part of the Council to Homeless Persons management team, said both cities and regional areas were feeling the squeeze from soaring housing costs.

“Incomes are not keeping up with surging housing costs. This is no longer an issue which impacts only those on modest incomes or those living in the major cities,” Colvin said.

“Middle-income Australians can’t keep up with rent and mortgage payments. Regional communities are also experiencing housing crises never seen before.”

Colvin said federal funding for social housing is continuing to decline—in 2013-14 there was just over $2 billion spent, but on current forecasts the commonwealth will spend just $1.6 billion in 2023-24.


Article Source:

from Queensland Property Investor

ARIA lodge plans for South Brisbane apartment tower

ARIA, led by Tim Forrester, has had Bates Smart team up with Richards & Spence in what is expected to be the first of three towers across the amalgamated site.

The sustainably conscious apartment developer, Aria Property Group, is set for further development in the exclusive South Brisbane pocket they’ve been developing in over recent years.

They’ve lodged plans on a triple block at 33 Manning Street, on the corner of Manning and Melbourne Street. The Melbourne Street sites are currently home to the former Malouf’s Fruit Shop and the former Bond’s Sweet Factory.

ARIA, led by Tim Forrester, has had Bates Smart team up with Richards & Spence in what is expected to be the first of three towers across the amalgamated site.

The first tower will have 84 apartments across 14 levels, and extensive rooftop amenity, which, alongside their sustainability efforts, is fast becoming ARIA’s signature.


“33 Manning Street offers a variety of spacious dwellings in the central urban location of South Brisbane providing opportunity for a diverse population including families and students,” the design statement submitted to the Brisbane City Council noted.

“33 Manning Street is a simple and elegant tower which takes best advantage of the opportunities afforded by its location, climate and scale to provide a distinctive lifestyle opportunity for Brisbane.”

“Each apartment has been designed to maximise natural light and cross ventilation, taking advantage of the local climate,” the design statement noted.

“All practical considerations of living are considered including private bedrooms, generous kitchens and flexible living spaces.”

The design statement also suggested that residential wellness is a key design consideration.

There will be a commercial gym tenancy located on the first level. At the heart of the rooftop amenity is the 20 metre pool. On the north-east edge of the roof is a plunge pool, positioned to take in the city views.

There’s an amphitheater which offers seating and lounging for an evening cinema, as well as a residents dining room.

The new tower, next to South Brisbane’s famous Skyneedle, is around the corner from Trellis, one of ARIA’s most sustainable projects to date. Some 60 per cent of the tower is covered in greenery. There’s Tesla charging, solar technology, and extensive rainwater tanks.

It’s also up the road from The Standard, ARIA’s flagship development in the heart of the popular Fish Lane precinct.


Article Source:

from Queensland Property Investor

The best luxury Gold Coast apartments on the market for over $2 million

Local agents are reporting there is just not enough high-end stock to meet the demand for local and interstate buyers wanting to spend more on their holiday home, in the wake of the COVID-19 pandemic

The Gold Coast is running out of apartments.

That’s the data pulled by property consultancy firm Urbis, who say there is just over two months of stock left on the Gold Coast, if there were to be no new project released and current demand continued.

Local agents are reporting there is just not enough high-end stock to meet the demand for local and interstate buyers wanting to spend more on their holiday home, in the wake of the COVID-19 pandemic.

They are expecting a wave of buyers to be flying up from Sydney and Melbourne when the borders open, and are expecting little slowdown heading in to January

Urban has wrapped up the top apartments across the Gold Coast at the high-end price point.

Aperture, Broadbeach

Three-bedroom full-floor apartments from $2.1 million 

Aperture Broadbeach
Aperture Broadbeach 20 Mary Avenue, Broadbeach QLD 4218

The hotly anticipated Aperture, which will be one of the most high-end apartment developments in Broadbeach when completed in mid-2023, will have just 29 apartments across its 35 levels.

There will be 26 full-floor apartments, each spanning over 200 sqm of internal and external space. Each will comprise three bedrooms, three bathrooms, and three parking spaces.

Following on from their successful first tower in Broadbeach, Signature, which sold out earlier this year, the Melbourne-based Little Projects took a different approach to Aperture, which refers to the opening of a lens’s diaphragm through which light passes.

The AU, Surfers Paradise

Three-bedroom full-floor apartments from $3.45 million 

The AU Surfers Paradise
The AU Surfers Paradise 52A The Esplanade, Surfers Paradise QLD 4217

The AU, a collection of just 12 exclusive full-floor oceanview sky homes and two opulent three-level penthouses, has just launched on the sought-after Esplanade in Surfers Paradise.

Archidiom put the plans together for the 19-storey tower, with a facade made almost entirely of golden glass.  It allows each apartment to have clear panoramic views of the Surfers Paradise beach.

The developer, ASF Group, enlisted the expertise of the Sydney-based interior design legend Greg Natale to craft the interiors, something no other Gold Coast apartment development can boast.

The apartments will have the finest finishes, with natural stone bench tops, and gold fixtures and finishes throughout.

Chevron One, Chevron Island

Four-bedroom sky homes from $3,325,000 

Chevron One
Chevron One 36-44 Stanhill Drive, Surfers Paradise QLD 4217

Chevron One, set to reign as Chevron Island’s only luxury high-rise apartment tower, recently released its Sky Home collection, starting from level 31 in the sought-after apartment development.

The Melbourne-based Bensons Property Group held off releasing the apartments publicly, but given the huge demand in ultra-luxury, large apartments in the sky, they decided to list them on the open market.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

There’s a number of three and four-bedroom Sky Homes, some spanning half and full-floors. Four-bedroom apartments, with over 236 sqm of living space, are priced from $3,325,000.

Emerson, Kirra Beach

Three-bedroom full-floor apartments from $2.95 million 

Emerson Kirra
Emerson Kirra 100 Musgrave Street, Coolangatta QLD 4225

Emerson, set on the dress circle Musgrave Street in Kirra Beach, Coolangatta, will home just 27 apartments when it is completed in late October.

There are only six apartments left to sell in the $85 million, 13-level development by the Melbourne-based developer Hirsch & Faigen, who sold out The Hemingway at Palm Beach earlier this year. They’re soon to launch their third Gold Coast project, Yves at Mermaid Beach.

Crowning Emerson, which will begin construction through Hutchies in February, will be an $8 million penthouse, which is yet to be snapped up.

123OBR, Broadbeach

Three-bedroom full-floor apartments from $2.65 million 

123OBR 123 Old Burleigh Road, Broadbeach QLD 4218

The Brisbane-based developer Bottega Group are marketing their $52 million Broadbeach apartment block, 123OBR, described as vertically stacked verdant Queensland beach houses.

Named after its location of 123 Old Burleigh Road, one row back from Broadbeach, and designed by Woods Bagot, 123OBR will have 14 whole-floor apartments, as well as a whole floor resort deck half way up the tower.

Priced from $2.65 million, a typical whole-floor apartment at 123OBR will offer 224 sqm of living space with three bedrooms with walk-in wardrobes, two bathrooms and an open plan living and dining areas which have views through the floor-to-ceiling glass windows.

La Mer

Three-bedroom full-floor apartments from $3,245,000 

Residents of the new luxury Main Beach apartment development, La Mer, will have the ultimate Gold Coast lifestyle on their doorstep when the whole-floor apartments are finished in late 2023.

Across the road from the beach on Main Beach Parade, La Mer comprises just 29 apartments across its 34 levels, with only a handful of apartments remaining.

Just whole-floor apartments, starting from 307 sqm, La Mer is pitching itself as the ultimate downsizer development. “Transitioning from a house to an apartment has never been easier,” NPA Projects, who are marketing the development, suggest.

Communal recreational facilities also sprawl across an entire floor, a blend of physical wellbeing and entertainment facilities. There’s a 13-metre pool, which is cleverly designed to be private, while also being open plan to take advantage of the consistent Gold Coast climate and the views to the beach.

La Mer
La Mer 3580 Main Beach Parade, Main Beach QLD 4217


Article Source:

from Queensland Property Investor

Friday 25 March 2022

Gold Coast super site sells for $45m, plans for up to 1500 apartments

Cru Collective has partnered with ASX-listed CVC Limited to pay $45 million for a 5.4 hectare site at Burleigh Waters on the Gold Coast they plan to transform into a master-planned community with an end value of $1.5 billion.

It is the second partnership between the companies, which are also developing Sur Kirra Beach – part of the new wave of luxury Gold Coast apartments.

Chris Bolger, managing director of Cru Collective, a development and construction company, said the Gold Cost market is running hot, pushing the prices of prime land to more than $20,000 per square metre.

“Honestly, 2021 was a very challenging year to acquire sites, there was such demand from Sydney and Melbourne developers coming up and looking at the boutique sites in the $5 million to $10 million range,” Mr Bolger said.

“And that’s what led us to look for these larger ones because it just got so competitive.

“It’s a big buy for us but somewhat counter-cyclical. There’s a lot of land sites being bought for $20,000 a square metre. That’s big, big money and I struggle to get those sites to work.

“Although this is a big buy, it’s $830 a metre for a site that’s got ultimate planning flexibility and a 45-metre height limit.”

Mr Bolger said planning is under way based on the assumption the site will take 1300 to 1500 apartments and 15,000 to 20,000sq m of retail and commercial space.

CVC Limited chairman Craig Treasure said: “Lake Orr is a true mixed-use infill development site and provides the potential to really shape the area for decades to come.”

The site on Lake Orr Drive was sold by the Uhl family of Germany, represented by Tony Hickey from Hickey Management, who bought it in 2007 for $26 million.

They have been active in Gold Coast real estate since the 1990s with total developments worth around $800 million including Robina Dales and the Blue C apartments in Coolangatta.

Brokered by Brendan Hogan from Colliers and CBRE’s Mark Witheriff, it had been on the market since last April with an initial price guide of $50 million to $60 million.

It’s understood to be the largest greenfield site sale on the Gold Coast in almost a decade.

Mr Bolger said while the residential sales on the Gold Coast are “very strong”, construction costs have risen by 15 per cent to 20 per cent in the past year.

“I think the Gold Coast is particularly challenging as far as [construction] cost escalation goes, but I think that will iron itself out over the next six to 12 months,” he said.


Article Source:

from Queensland Property Investor

SK2 Property lodge plans for luxury apartments on Albatross Avenue in Mermaid Beach

Designed by the local architecture firm BDA Architecture, the proposed development comprises six luxury apartments

Mermaid Beach’s exclusive street, Albatross Avenue, is set for a luxury new boutique apartment project.

SK2 Property, headed by founder and director Stuart kirk, have lodged plans for a three-storey development at 33 Albatross Avenue.

Designed by the local architecture firm BDA Architecture, the proposed development comprises six luxury apartments, configured by a single unit at ground floor, two units per floor for levels one and two, and a single penthouse spread between level three and the rooftop.

Giving attention to the preservation and enhancement of the character of the neighbourhood, the designs embrace sub-tropical design objectives, delivering a residential building of a contemporary, minimalist coastal form and character. Responding to the beachfront location, each apartment follows open-plan living flowing out to the private balconies.

This design outcome not only optimises views toward the adjacent beach, but also accommodates the private residential bedrooms to be within the rear section of the floorplate.

The ground floor apartments are all three-bedrooms, featuring ensuites and walk-in-robes, as well as an outdoor living area and access to the communal areas on the southern side of the site.

Albatross Avenue

Levels one and two house four-bedroom apartments, all with walk-in-robes and ensuites, study nooks, a laundry and drying area, and a powder room. The main indoor living and dining areas occupy the eastern part of the floor plate and lead directly onto a 20 sqm balcony, optimising access to natural daylight and the sea breeze.

Level three of the proposed development accommodates the penthouse, comprising of three-bedrooms and an office, as well as walk-in-robes and ensuites. A living area, laundry, storage, study, bar and reception area is also included, with the main living area leading directly onto a 32 sqm north-facing balcony. The southern balcony adjoins the master-bedroom, spanning 12 sqm.

The communal recreation space is placed on the ground floor, where there’s a gym and meeting room adjoining the entry, along with a pool and communal lawn located on the north-eastern corner of the site, adjoining the beachfront.

The roof terrace consists of private open space for the exclusive use of the level-three penthouse below, as well as a lawn area, seating, a powder room, barbecue facilities, a spa and a pool overlooking the beach.

The built form provides comfort and functionality to the residents while creating a visually appealing interaction with the streetscape and immediate surrounds, which is made up of a range of two to seven-storey buildings.

“The high quality built form will be a positive architectural contribution to the streetscape character of Albatross Avenue,” BDA noted in their design statement submitted to the Gold Coast City Council.

The architectural design is complemented by landscaping from LEAD Design Group, creating attractive and usable outdoor spaces within the development, as well as a high-quality and desirable interface with the street frontages and neighbouring property boundaries.


Article Source:

from Queensland Property Investor

QLD island property listed for less than house in parts of Logan

This spectacular island property off Far North Queensland has two houses, a beach hut and views to rival the Maldives. But this one w...