The Star Entertainment Group has broken ground on the second tower at its $2 billion masterplanned site at Broadbeach on the Gold Coast.
The new 63-storey tower will sit on the south east corner of Broadbeach Island, with negotiations under way for management of the hotel.
Queensland Premier Annastacia Palaszczuk said confidence was high in the Queensland construction economy.
The Star Entertainment Group chief executive Matt Bekier said the company had big plans for Queensland, and this project would create 1800 construction jobs.
“We aim to be Australia’s leading integrated resort company and we’re developing properties on the Gold Coast and Brisbane that will be compelling must-see destinations for locals, interstate and international visitors,” Bekier said.
Premier Annastacia Palaszczuk said construction projects were vital to the economic growth and labour market of Queensland.
“To have construction starting on multi-million-dollar developments like this just proves that business confidence on the Coast is strong.
“This is only possible thanks to the way Queenslanders have responded to the coronavirus pandemic,” Palaszczuk said.
This confidence in the Queensland economy is supported by NAB’s consumer anxiety report for the 2020 fourth quarter which showed Queenslanders were the least stressed about the state of the economy. Australians were notably less anxious about the domestic economy in most states, led by Queensland at 59 points out of 100.
Anxiety was highest in New South Wales and the Australian Capital Territory at 57.9, in part likely reflecting the Sydney Covid outbreak in December, and lowest in Queensland at 52.9.
At the end of January the consumer sentiment index had a rise of 1.9 per cent, close to its 10-year-high, according to Westpac economist Bill Evans.
“It’s really important that we have that recovery in consumer sentiment because a big challenge for the Australian economy will come in the March quarter when the JobKeeper package withdrawal by the government,” Evans said.
But Evans said the consumer sentiment index indicated the economy was in good shape to manage the drag of the loss of JobKeeper.
Environment Minister and Member for Gaven Meaghan Scanlon said the project was a shot in the arm for the construction industry and tourism on the booming Gold Coast.
“Our tourism and construction industries are cornerstones of the local economy here on the Coast,” Scanlon said.
Article Source: theurbandeveloper.com
Another apartment tower lodged in hot Gold Coast market
Plans have been lodged for Alba Residences, a $105 million apartment project at North Burleigh.
Developers can’t stay away from the booming Gold Coast market.
The longstanding Queenslander developer Devine Development Group is the latest to join the ever-growing index not wanting to miss out on the current Gold Coast apartment demand.
They’ve lodged plans for Alba Residences, a $105 million apartment project at North Burleigh.
Set on the dress circle Esplanade facing the beach, the 21 level tower designed by Bureau Proberts will comprise half and full floor residences catering for the top end of the market, with prices starting from $2.25 million.
The full floor apartments will span around 435 sqm and will have four bedrooms, a multi-purpose room, and four bathrooms, while the collection of half-floor apartments will have around 218 sqm of living space with three bedrooms.
The Melbourne-based Mim Design are handling the interior. There will be a lifestyle podium for residents where there will be a swimming pool and a gym.
It will sit on Esplanade, just down the road from 88 Burleigh, the $90 million tower by Allure Property Corporation.
The seashell-inspired, 17-level tower on The Esplanade, across from Burleigh Heads beach, will home just 31 apartments..
Demand for apartments in Burleigh Heads continues to soar as a surge of interstate buyers is creating a critical shortage of supply, particularly for three bedroom apartments which are being snapped up by downsizers.
Adam Young of Burleigh Heads’ Black and Young Real Estate, who has been selling real estate in the area for over three decades, says he has never seen the market in Burleigh so strong.
Burleigh is the ‘go to’ destination on the Gold Coast as a lifestyle, entertainment and dining precinct and real estate sales are reflecting the suburb’s newfound popularity.
“The market is very strong, driven by interstate migration and downsizers who see apartment living in Burleigh Heads as under-valued given its central location and the national park setting which is not unlike Noosa,” Young says.
Veteran developer and Devine Development Group head David Devine said Alba would be one of the enduring luxury apartment projects for Burleigh Heads and the timing to enter the market could not be better.
“We have worked for a long time to bring a project together that epitomises beachfront apartment living and Alba is the creation of that,” said Mr Devine.
“We believe is it a fantastic time to enter the market. Burleigh Heads is undoubtedly one of the most sought after residential locations for the luxury downsizer anywhere in Australia and there is certainly currently a shortage of new apartment product tailored to this market.
“Interstate migration to the Gold Coast is very strong as is the value that the Gold Coast offers compared so the southern states. The market is certainly leading the way nationally.”
JLE Projects director Jamie-Lee Edwards says Alba will be the epitome of beachfront living on what is a very tightly held and very high demand beachfront precinct.
“The convergence of sophisticated architectural design and interior styling with uninhibited views and the unparalleled location of Australia’s most recognisable beach, Alba is the pinnacle of contemporary beachfront living.”
Article Source: www.urban.com.au
Summer never ends in Queensland: Eight of the best developments across Queensland’s coast
Urban takes a look at eight stunning coastal properties to consider in Queensland
This summer has earmarked a trend in Australians keen to invest in a holiday home to call their own.
“With the costs of renting a holiday home soaring thanks to huge local demand, combined with record-low interest rates, we’re experiencing a unique situation where it may actually be more cost-effective to buy rather than regularly rent a holiday home”, said David Hancock, senior financial planner at Montara Wealth.
To assist in your search, Urban takes a look at eight stunning coastal properties to consider in Queensland.
1. Shoreline, Surfers Paradise
Address: 61 Old Burleigh Road, Surfers Paradise QLD 4217
Three-bedroom apartments from $1.1 million
Shoreline is the latest Surfers Paradise tower to be created by Marquee Development Partners.
The boutique 27 apartment development across 17 levels offers residents a luxury unseen in the between Surfers Paradise and Broadbeach for a number of years.
2. Miles Residences, Kirra Point
Address: Corner Miles Street & Marine Paradise, Kirra QLD 4225
Two-bedroom apartments from $795,000
Soak up ocean views every day at Kirra’s Miles Residences.
Situated on one of the rare Australian north-facing beaches, residences in KTQ Group’s luxury project boast an abundance of light thanks to the floor-to-ceiling stacker doors, connecting you to the Pacific Ocean and surrounding Norfolk pines.
Designed by Woods Bagot, the development offers a suite of five-star amenities that turn any home into a getaway, such as a 25-metre pool.
3. The Monaco, Main Beach
Address: 2-4 MacArthur Parade, Main Beach QLD 4217
Three-bedroom apartments from $1.8 million
The Monaco is set to be Main Beach’s most luxurious tower when it’s completed at the end of 2022.
The 24 level tower, designed by Rothelowman and delivered by Ignite Projects, will comprise six half floor apartments, 17 full floor apartments and a double storey penthouse.
4. Elegance, Mermaid Beach
Address: 2605 Gold Coast Highway, Mermaid Beach QLD 4218
Apartment prices available upon request
Maximising the majestic views of the Pacific Ocean and Gold Coast hinterlands, Elegance delivers a lifestyle unlike anywhere else.
Developed by United Investment Group, each residence delivers enhanced style and comfort, carefully positioned according to the latest feng shui principles.
The project includes a theatre, swimming pool and outdoor deck area, tennis court, pilates room and Zen garden retreat area.
5. Elysian, Broadbeach
Address: 185 Old Burleigh Road, Broadbeach QLD 4218
Two-bedroom apartments from $855,000
Rich finishes and luxurious touches welcome you at Spyre Group’s Elysian project.
Each apartment, beach villa and penthouse present exceptional beachfront and hinterland views, and resort-style communal spaces elevate the coastal lifestyle.
Designed by ML Architecture, the luxury property features bespoke cabinetry, swimming pool and sauna room and residents’ dining areas.
6. Hemingway, Palm Beach
Address: 1267-1273 Gold Coast Highway, Palm Beach QLD 4221
Apartment prices available upon request
Surfers and sun-bakers may find their ideal new home within the 12-storey Hemingway apartment, delivering the experience of your dream beach house in the sky.
Designed by Rothelowman Architects, the project boasts panoramic ocean views and striking architectural design.
7. Koko Broadbeach
Address: 12-14 Elizabeth Avenue, Broadbeach QLD 4218
Two-bedroom apartments from $729,900
Follow your coastal heart and feed your urban soul at Koko Broadbeach.
The vibrant and connected development is just minutes from the Gold Coast’s walking and cycling paths, stunning beaches and world-class facilities.
Developed by Morris Property Group, Koko features modern fixtures, contemporary design and hotel-quality amenities, including a lap pool, lounges, modern gym facilities, private outdoor entertaining areas and gardens.
8. Maya Kirra Beach, Coolangatta
Address: 1 Coyne Street, Coolangatta QLD 4225
Four-bedroom apartments from $1,930,00
Maya celebrates the relaxed beachside culture of Queensland with a fresh dynamic energy.
Imbued with cool tones and contemporary aesthetic, Spyre Group’s project benefits from the abundant Gold Coast sunshine, the alluring coastline and the stunning ocean views.
The residence offers north-facing ocean views from generous balconies, a welcoming lobby, private residents’ dining and a resort-style pool and leisure area.
Article Source: www.urban.com.au
Sunshine Coast apartment demand continues as Cube sell-out one development, launch another
Cube’s latest offering is Seasons by Cube, which Juniper says is a much more budget conscious apartment development in Birtinya
Demand for apartments is not letting up on the Sunshine Coast.
Cube Developments, led by veteran developer Scott Juniper, have secured a sell out of their $27 million apartment project One Prosperity in the small waterfront suburb of Birtinya, and are soon to sell all of the apartments in their boutique Mooloolaba project Picasso.
Picasso saw high demand from investors from Sydney and Melbourne, and Juniper says the trend, which he’s seen across the whole of the portfolio, isn’t slowing down.
“The demand on the Sunshine Coast has been exceptional,” Juniper says.
“We had a much higher increase in both investor demand and owner occupier demand from Melbourne and Sydney,” Juniper says, adding that there are still high number of owner-occupiers moving from the southern states to the Sunshine Coast.
“People are still not tied to the city, there’s been no change to that”, Juniper says.
Investors are still keen from Sydney and Melbourne, with the vacancy rate holding firm at record lows of around 0.5 per cent.
Cube’s latest offering is Seasons by Cube, which Juniper says is a much more budget conscious apartment development in Birtinya.
The majority of stock in the development of 146 apartments is under $600,000, with it focused on bringing an affordable product to the market.
Prices start from $495,000.
Cube only have a handful of apartments left at another one of their Birtinya developments, Curve, which is set for completion in July.
“There are quite a few people in the market looking to move immediately, reflected by the area’s very low vacancy rate”, Juniper suggests, adding that that gives Curve an advantage in the current market that the product will be available to move in in just a few months.
Cube have their premium product, Nature at Cotton Tree in Maroochydore, overlooking Rotary Park and the Maroochy River.
Juniper told Cottee Parker Architects to deliver the best the Sunshine Coast has ever seen.
“Nature allowed me to do some things you couldn’t do in other developments”, Juniper says of the boutique 13 apartment development. The ground floor is dedicated tp communal space and facilities including a 25-metre lap pool, gym, steam room and sauna and yoga studio, as well as barbecue areas and a private dining area.
Cube are also in the planning stages of one of their best projects to date in Alexandra Headland.
Article Source: www.urban.com.au
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