The $15.25 million sale of the luxury Soul penthouse in Surfers Paradise was under the hammer at auction on Friday afternoon
There were five registered bidders when Tolemy Stevens from Harcourts Coastal Prestige put the luxury Soul penthouse in Surfers Paradise to auction on Friday afternoon.
Crowning the top four floors of the Soul building, the five bedroom apartment fetched $15.25 million.
The 1070 sqm space with BDA Architects design was offered by Andrew Koloadin who had paid $6.5m for the concrete shell when he bought it from Hong Kong tycoon Tony Fung in 2018.
There had been an initial off the plan $16.85m sale by Juniper Property Development to a Queensland businessman in 2006 but it didn’t proceed to settlement.
The $15.25 million sale settles in 30 days. It was a Queensland auction record for residential sale price under the auction hammer.
Article Source: www.urban.com.au
What residents can expect at Midwater at Main Beach
The Heran Building Group have focused on the residents amenities at its Gold Coast development Midwater, nestled between Main Beach and the Nerang River.
Designed by Cottee Parker Architects, the apartments have been designed as a collection of open light-filled spaces with seamless connection to the natural environment.
There are 106 apartments in the 38 level tower at 3496 Main Beach Parade, with the amenities crowning the development.
The amenities include an infinity pool, smart home automation a fully equipped well-being centre with gym, outdoor yoga, steam & sauna facilities plus a great selection of world-class amenities nearby.
Resort-style luxury is further curated through durable fixtures and fittings enhanced by warm lighting.
The open plan kitchen, living and dining areas open to large entertaining terraces, while full height glass sliding doors and louvres open to allow cooling breezes inside.
Additionally, smart home automation gives residents easy access to an integrated system of devices designed for comfort, security and convenience. Lighting, audio and video, blinds, air-conditioning and security are all controlled by your all-in-one touch screen, remote or smart phone.
Midwater offers both beach and riverfront access. There’s also a fully automated valet.
Prices start from $649,900 for a one bedroom apartment, $849,900 for a two bedder and $1,779,900 for a three bedroom apartment.
Article Source: www.urban.com.au
Concerns tight Gold Coast rental market means tenants won’t assert their rights
There are concerns that low vacancy rates in the Gold Coast rental market are discouraging tenants from asserting their rights with real estate agents and landlords.
Median vacancy rates remain below 1 per cent across the city and the tight competition for available properties has grown amid booming interstate migration.
Burleigh Waters resident Aline Christ said her real estate agent proposed a 15 per cent increase to her rent, due to the competitive market.
“My salary doesn’t really reflect that type of price for rent, especially being a single mother and I am the sole provider,” she said.
While advocacy bodies for both tenants and landlords disagree on what policy responses to the issue should look like, both agree some renters feel discouraged from pressing their rights.
‘It’s a two-way relationship’
Ms Christ said she wrote to her agents because the proposed increase “doesn’t seem fair” and asked for her message to be passed on to the owner.
“[The owner] had no idea the real estate was proposing to raise my rent that much,” she said.
Ms Christ said she and the landlord reached a new agreement, but that it was “a two-way relationship”.
“We’ve been doing the right thing; how about rewarding us for being clean, quiet, paying rent on time?
However, Tenants Queensland chief executive Penny Carr said that, with such low vacancy rates, many renters were desperate.
“People are taking things sight unseen, tenants are up-bidding the rent and offering long periods of time upfront to pay the rent,” she said.
“The past few months have created a lot of problems for renters.”
Review of rental rules underway
Prior to the surge in housing demand seen towards the end of 2020, the Queensland government announced it would review tenancy laws.
According to the Residential Tenancies Authority, a landlord or real estate agent can choose to not renew a lease without providing a reason, so long as they give two months’ notice ahead of the contract’s end date.
But Ms Carr said that rule “brings a lot of instability to renters”.
“Those rights might be around getting repairs done or challenging the amount of [a] rent increase.”
Ms Carr said that, if a tenant suspected their lease had been ended “in retaliation for standing up for your rights”, then there was an ability to challenge that.
“But it’s very hard to prove,” she said.
Gold Coast’s green tinge with huge beachfront rainforest restoration
The City of Gold Coast is undertaking one of Australia’s largest ever beachfront rainforest restoration projects.
If you’ve ever taken in the natural beauty of the Gold Coast’s glorious beaches or strolled along the city’s golden coastline, chances are you’ve unknowingly appreciated littoral rainforest.
Littoral rainforest is a type of forest that grows along the beachfront, providing habitat for native flora and fauna and acting as an important buffer to coastal erosion and wind damage.
It’s a unique ecological community that is currently considered critically endangered, due to limited large-scale areas of it remaining intact.
To protect the Gold Coast’s natural environment and expand its ecological footprint, the City of Gold Coast is undertaking one of Australia’s largest-ever beachfront rainforest restoration projects.
The project involves the restoration of 37 hectares of littoral rainforest within the Federation Walk Coastal Reserve at The Spit, Main Beach.
A total contribution of $8 million has been provided across all three levels of government to transform the eastern side of The Spit and add to the Gold Coast’s biodiversity offering.
The project is expected to take twelve months for plantings to become established, and a further ten years to restore the native forest.
Restoration works will involve weed control, the planting of 350,000 native littoral rainforest tree species, and a world-class irrigation system that will use recycled water to mitigate bushfire risk and assist with rainforest establishment.
The project is set to create one of the largest areas of littoral rainforest in the country and deliver valuable greenspace for the Gold Coast’s future.
Visitors to the reserve will be able to enjoy a unique nature-based recreational experience, under the cool canopy of littoral rainforest and other coastal vegetation communities while enjoying the world-class ocean park destination at The Spit.
Local community group ‘Friends of Federation Walk’ have been involved in protecting The Spit’s coastal reserve for more than 20 years.
The volunteer group is headed up by Lyn Wright – a passionate Gold Coaster who is focussed on ensuring present and future generations of the community can enjoy, appreciate and care for The Spit.
“We’re absolutely thrilled with the plans presented by the city to restore the native vegetation to this area of the coastal reserve,” says Wright.
“When you visit Federation Walk, you feel like you’re in another world. It’s a very special place and it’s important that we protect and enhance it.
“Thousands of volunteers have been involved in the ongoing Friends of Federation Walk program over the last twenty years.
“We’ve worked closely with the council over this time to help promote the importance of looking after our natural areas, as well as driving community interest in initiatives such as tree planting events.”
The Gold Coast is one of the most biodiverse cities in Australia and is home to internationally acclaimed areas such as the World Heritage-listed Gondwana Rainforests and the Ramsar Convention-listed coastal wetlands of southern Moreton Bay.
The project will also contribute to the city’s aim of achieving the target of 51 per cent vegetation cover.
Article Source: inqld.com.au
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