PLANS for a three-tower luxury residential development worth $900 million have been revealed for a prominent patch of the Gold Coast. It will be the first Queensland project for RDG, a wholly owned Gold Coast-based company whose parent company is China-based Ridong. It paid more than $80 million for the 1.13ha beachfront parcel at Surfers [...]

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.75 per cent, effective 3 November 2010. The global economy grew faster than trend over the year to mid 2010. Global growth will probably ease back to about trend pace over the coming year as strong recoveries in the emerging world [...]

Hilton Hotels & Resorts’ newest Australian hotel, Hilton Surfers Paradise, has appointed a General Manager ahead of its stage one opening in December. Hilton Surfers Paradise is the first leisure-focused hotel and residences development by Hilton Hotels & Resorts in Australia. It is also the first international five-star equivalent hotel to be built on the [...]

TABCORP Holdings is splashing out $175 million to refurbish the Gold Coast’s Jupiters Casino as part of the gaming and wagering giant’s plan to spin off its casino assets into a separate company. The proposal announced today will fast-track the company’s Gold Coast investment plans with work set to start on a new-look Jupiters by [...]

The volume of high rise apartments for sale in the Gold Coast region has fallen from 1296 to 839 during the last twelve months, based on the most recent Midwood Queensland Investment Report. This is the lowest the number has been since about 2004. The fall is essentially due to a reduction in the number [...]

THE developer behind Surfers Paradise’s $850 million Soul tower is on the hunt for further Gold Coast projects. Graeme Juniper, whose Juniper Group is developing the 77-level tower overlooking the beach, said he was selling down the group’s Sunshine Coast assets and looking for opportunities on the Gold Coast. “Our experience with developing and working [...]

Property investors were given a breather with the Reserve Bank’s decision to keep interest rates at 4.5 per cent yesterday. A rise of .3 per cent in retail sales in August after one of .7 per cent in July has also given retail landlords a boost before the crucial Christmas trading period. Economists said that [...]

SURFERS Paradise’s latest attaction, the 60m high Wheel of Surfers Paradise, has taken off in style. Over its opening weekend of operation, an estimated 4000 people rode the wheel, which sits above the transit centre in Surfers Paradise and offers views of the ocean, Coolangatta, Mt Warning and the hinterland. Owner Ken Jackson was deilghted [...]

Pivit has partnered with Brookfield Multiplex to install and operate next generation fibre optic telecommunications infrastructure within the Hilton Surfers Paradise Hotel and Residences. Fibre optic-based telecommuncation services are integrated with wireless services to deliver high speed Internet and managed voice services to the Hilton Hotel, Residents and Retail tenants. Click here to learn more [...]

A LANDMARK 52-storey development planned for Broadbeach could be stalled indefinitely as nearby business owners prepare to fight the application – locals set for war over Potter tower! The tower, proposed by Mermaid Beach developer the Potter Group, would be the largest building in Broadbeach. It would replace a strip of neighbourhood shops on Main [...]