The economic slowdown has not stopped buyers from forking out $40 million since Easter on luxury apartments in the $700 million Hilton Hotel twin towers project under construction in the heart of Surfers Paradise.
Since April purchasers have secured or placed deposits on 27 apartments including a mix of two and three-bedroom apartments worth an average [...]

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 is [...]

The highly-anticipated Gold Coast Rapid Transit project has taken a further step towards reality today with Premier Anna Bligh and Federal Transport Minister Anthony Albanese opening bids for $110 million worth of roadwork contracts.
This is the largest package of early works contracts released so far, and will provide a shot in the arm for the [...]

Property analysts have tipped the heart of Queensland’s glitter strip to be among the top performing suburbs in the property market this year.
The latest quarterly report by Colliers International highlighted Surfers Paradise, Southport and Labrador as hot spots in 2010, with house and unit prices set to soar between seven and 10 per cent.
Helensvale, Varsity [...]

After putting last year’s property review on hold, the Department of Environment and Resource Management will be proceeding with a city-wide valuation check for the Gold Coast – the very first since 2006.
Even with the turbulent market of the past eighteen months, new valuations are expected to push the average land value in some seaside [...]

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 council’s ‘new urbanism’ [...]

The Queensland unit and townhouse market has stayed resilient over the March quarter, according to the Real Estate Institute of Queensland (REIQ).
The REIQ March quarter median unit and townhouse prices show not only steady prices in most areas but also modest increases in sales numbers.
Demand from first home buyers continues to underpin this segment of [...]

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 Ambience [...]

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 [...]

Gold Coast Bulletin, May 23rd, 2009
THE rate of new apartment sales on the Gold Coast and northern NSW has jumped 52 per cent in the past three months, Colliers research has revealed.
According to the Colliers International Gold Coast Apartment Report, released this week, 117 new apartments were sold in the March quarter, compared with 77 [...]