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 [...]

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 [...]

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 [...]

A SYDNEY builder is set to try his hand in the Gold Coast’s fickle property market with the launch of a low-rise Surfers Paradise development this weekend. MC Projects, the building arm of Vivid Progress, will launch Vivid development at Beach Parade today. The four-storey development is on a 1012sq m site on the corner [...]

Hilton Surfers Paradise (Gold Coast) – construction update… Construction has topped out on the roof of the Boulevard tower of the Hilton Surfers Paradise Hotel and Residences on the Gold Coast – reaching 32 levels and 186 residences. At the same time, work is moving forward on the second and tallest tower, Orchid Tower, which [...]

Gold Coast Property News Coomera will move from back yards and double garages to high rises of up to 15 stories as council moves to create a Surfers Paradise in the ‘burbs. The Gold Coast City Council plan would make the ‘family belt’ at east Coomera one of the city’s most densely populated suburbs. The [...]

The tired King Tide apartment complex in Broadbeach will be knocked down and replaced with a luxury 25 level beach tower on the 2438sq m block. The project will include 91 apartments and a three-level underground carpark, with 124 parking spaces. There will also be a public space and a recreational area. Final application is with council and [...]

It seems that the waiting game for Gold Coast prestige property prices to bottom out has come to an end with cashed up city millionaires madly rushing to buy before prices soar again. Almost $27 million has been spent on Gold Coast luxury apartments in the past fortnight, including $2.75 million for a penthouse in the [...]

Gold Coast Property News: June 20th, 2009 The Gold Coast’s southern beaches continue to attract luxury apartment buyers, with $3.245 million worth of property settling at one of the area’s premier developments, Kirra Surf, in the past month. Buyers from across Australia have snapped up apartments during the latest sales run at the $95 million [...]

The Australian Government has announced changes for foreign persons purchasing property in Australia. The primary goal of these new Foreign Investment Review Board (FIRB) laws is to make sure that foreign investment in residential real estate increases the supply of dwellings and that it is not speculative in nature. The policy aims to direct foreign [...]