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 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 [...]

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 [...]

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 [...]

Gold Coast Bulletin, October 24th, 2008 AS Indy kicks into gear, the Howard Group has unveiled its long-awaited plans for a $170 million `floating’ high rise to be built alongside the Surfers Paradise circuit. The Howard Group, led by V8 enthusiast and Indy fan Mark Howard, has revealed plans for the unnamed 40-storey tower on [...]

October 23, 2008 CONSTRUCTION giant Brookfield Multiplex has stepped in to rescue a $700 million Hilton project in Surfers Paradise, Gold Coast. The project is the Hilton Hotel , being built by debt-stricken property firm Raptis Group. Brookfield Multiplex will provide funding as a joint venture partner on the five-star hotel, with expectations the project [...]

Gold Coast Bulletin, October 11th, 2008 THE Raptis Group yesterday confirmed it was negotiating with Brookfield Multiplex over a possible tie-up on its Hilton Surfers Paradise project. In a brief statement to the Australian Securities Exchange, the listed Gold Coast developer said discussions with Brookfield Multiplex were ‘ongoing’ and ‘no agreement has been concluded’. The [...]

Gold Coast Bulletin – October 10th, 2008 RAPTIS Group appears to be close to hitching up its first major financial lifeline, with a deal said to be imminent on the sale of its Hilton Surfers Paradise project. Market speculation has centred on construction giant Brookfield Multiplex as a likely buyer of the $700 million project, [...]

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