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QLD Gold Coast Property News - official thread

Discussion in 'Where to Buy' started by big max, 2nd Dec, 2015.

  1. MTR

    MTR Well-Known Member Premium Member

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    So this is what he is stating I think in a nutshell

    • Sydney inner city to outperform outer suburbs in Sydney
    • 2017 - will still be a strong year for Sydney and Melbourne, however if there were a variable interest rate increase this market will soften in 2017
    • Sydney and Melbourne is 40% overpriced including global markets, any triggers could cause falls.
    • Potential we could still see Syd and Melb market slow down last quarter of 2017.
    • Perth is a no go zone in 2017 as expecting prices to continue to fall. 2018 Perth market will hit bottom
    • Brisbane will have only single figure growth in 2017 because there is too much oversupply of apartments which is impacting on the market as a whole.
    • Tasmania and Gold Coast have seen some growth and this should continue in 2017 and the markets which provide better opportunities.
    • So Adelaide did not even get a mention? So I guess they don't see much happening in 2017, don't know?
     
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  2. kierank

    kierank Well-Known Member

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    Where is Adelaide?
     
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  3. big max

    big max Well-Known Member

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    THE ASF Consortium is considering paying for a light rail connection to its $3 billion integrated resort on The Spit to end the long-running row over traffic congestion.

    While it is yet to reveal full details of how it would reduce traffic jams, ASF plans include a tram connection at least as far north as Sea World, as well as a ferry terminal.

    It is understood the connection would be a spur from the existing line.

    The cost of the 2km connection would likely between $100-$150 million according to figures shown to councillors in September.

    A Spit spur line is included the council’s 2031 Transport Strategy and was previously suggested as traffic relief measure for the shelved Mariner project, put forward by developer Sunland.

    ASF vowed this week to fund all “core infrastructure”.

    [​IMG]
    ASF consortium's supplied images of their Gold Coast Integrated Resort

    “Traffic on The Spit is an issue which can be solved via engineering and it is a network solution,” ASF director Louis Chien said.

    “This involves roads, rail, ferry and pedestrians and it will work for the network.

    “It will be an integrated solution and the new Jubilee Bridge is not just going to be a bridge using people on and off — it is about being intelligent and driving for an answer.”

    A new Jubilee Bridge, from Queen St to south of the Southport Yacht Club, is also earmarked as part of the traffic solution.

    A third bridge on the northern Spit and a tunnel have been ruled out.

    Groups opposed to the development, including Main Beach residents and area councillor Gary Baildon, are worried about the effect the project will have on traffic.

    [​IMG]
    ASF consortium's supplied images of their Gold Coast Integrated Resort with proposed hotel, casino resort development to be built on land between Sea World and Palazzo Versace on the Gold Coast
    The consortium’s proposal, to be built on five hectares of Crown land, includes five high-rise towers and a residential tower between 20 and 45 storeys, a casino, three five- and six-star hotels, waterfront plaza and retail precinct and “medi-spa” for non-surgical health and wellbeing.

    Cr Baildon, a critic of the project, admitted a light rail connection would go some way towards alleviating his concerns.

    “Yes, a light rail, or some form of mass public transit system would be essential in my view because when you look at the proposed development, it would need a significant solution,” he said.

    “There is only one road in or out and I do not believe you can build in the capacity for so many motor vehicles.”

    The proposed bridge would be a modern reimagining of the historic Jubilee Bridge which stood in Southport in the mid-20th century and ran from Queen Street to Main Beach.

    The new bridge would follow a similar route and was selected over a more northern location to offer the least disruption to the Broadwater’s boating traffic, according to ASF.

    "The fact that there used to be a bridge there gave us confidence it could be done,” Mr Chien said.

    “There would be minimal issues with boating traffic.”

    One of the leading opponents to the project said she did not believe a tram link would solve traffic concerns or be feasible.

    “A lot of people do not think it is feasible to extend the light rail up there and the roads would likely not be wide enough,” said Main Beach Association secretary, Sue Donovan.

    “It is terribly narrow and would require a lot of parkland to be resumed.”

    ASF have held talks with Village Roadshow bosses about what role Sea World would play in revitalising The Spit and solving the area’s traffic issues. A Village Roadshow spokesman confirmed the discussions and backed the development, which was described as “visionary”.

    “We remain confident we will be able to work with the Queensland Government and ASF to address the concerns that we have expressed in the past regarding the local traffic and parking for Sea World,” he said.

    “Village Roadshow Theme Parks is supportive of all development that serves the needs of the Gold Coast community and promotes tourism growth in southeast Queensland.

    “We believe the visionary ASF development will achieve both of these objectives. “

    The State Government is expected to launch widespread community consultation in late January or early February.

    The government-led consultation is set to be completed by midyear when ASF will submit its detailed proposal.

    The fate of the latest project will likely be known by late 2017.

    If approved, ASF hope to begin construction on the 5ha site next to Sea World in mid-2018, following the Commonwealth Games.
     
  4. big max

    big max Well-Known Member

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  5. big max

    big max Well-Known Member

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  6. big max

    big max Well-Known Member

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  7. big max

    big max Well-Known Member

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    McGrath is picking Mermaid Waters as the best pick in Australia for 2017. Mark my words - big money to be made next few years on the Gold Coast:

    "The best performing property market in 2017 will be the Gold Coast, with Mr Birch predicting 10 to 20 per cent growth in the sunshine city.

    “I am seeing the same thing which was happening in Sydney in 2012 happening in the Gold Coast and the fringe suburbs of Brisbane right now. The buyer activity there is very strong.”

    He said the Gold Coast is set to play a huge amount of catch-up after the market dropped off post GFC.

    “Between 2009 to 2013 the market went backwards and the reason was because many developers went broke during the GFC. From 2013 to 2015 the market found its feet, like Sydney back in 2009 to 2012, and from last year to this year I have seen very good growth,” Mr Birch told news.com.au.

    According to CoreLogic’s latest regional market update, Gold Coast home values continue to trend upwards, having increased on an annual basis consistently since mid-2013.

    The median value for a Gold Coast house, as at the end of September, was $579,753, up 6.6 per cent from last year while unit values have risen 4.7 per cent, to $379,634.

    Real estate mogul John Mcgrath has tipped the Gold Coast suburb of Mermaid Waters to be the top growth suburb nationally in 2017, according to The Australian, as renovations lift values in the area close to exclusive Mermaid Beach.

    He said southeast Queensland, which has lagged the southern markets, would move to double-digit price growth next year, with its price gap between Sydney at its widest point.

    “You can buy a unit on the Gold Coast, a walk from the beach, for $250,000. The same unit in Sydney will cost $750,000,” The Australianreported Mr McGrath saying.

    NAB’s latest Residential Property Survey (Q3 2016) also tipped the Gold Coast as a standout performer, naming it as one of the suburbs likely to achieve above average growth in the next 12 months.


    [​IMG]
    The Gold Coast is expected to outperform everyone in 2017 with house price growth well into the double digits.Source:News Corp Australia


    The city, which is set to host the Commonwealth Games in 2018, has had a surge in property prices on the back of a boost in tourism and new infrastructure — a trend which will likely continue in 2017.

    “We’re going to have a low-interest rate environment and there will be opportunities leading into the Commonwealth Games,” Real Estate Institute of Queensland (REIQ) Gold Coast zone chairman, John Newlands told The Gold Coast Bulletin in November.

    “We will see similar migration to this year next year, coming through from interstate buyers.”
     
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  8. big max

    big max Well-Known Member

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  9. big max

    big max Well-Known Member

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    Some unsettling news for some involved with this deveopment in Robina not the least the developer who has had a builder they used go into liquidation.

    My view is that this has nothing to do inherently with the market in Robina, indeed this will (or would have been) highly profitable for the developer but they should have done their due diligence on the builder. Still if they structured their payments properly the developer should not be too much out of pocket, where's the subcontractors to the builder defiantely will be (again their own fault for not doing their due diligence and/or structuring their contracts and payments appropriately, but I feel sorry for them nevertheless).

    www.goldcoastbulletin.com.au/business/subbies-confront-worst-fears-as-unlikely-to-be-paid-this-christmas/news-story/2c000dc034de70ee292a0dbf35268e0b
     
    Last edited: 27th Dec, 2016
  10. big max

    big max Well-Known Member

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    Gold Coast’s far north on track to become motorsports heaven with new karting facility
    [​IMG]

    [​IMG]
    THE Gold Coast is positioning itself as Australia’s No.1 motorsport city with world-class attraction aimed at revhead tourists and producing the world champions of tomorrow.

    The multimillion-dollar, state-of-the-art karting precinct is proposed for a site at Stapylton.

    The Gold Coast Kart Club has submitted a development application to the Gold Coast City Council for the complex which will feature a 1.3km track, clubhouse and driver education centre.

    [​IMG]
    Artist impression of proposed Gold Coast Kart Club motorsports precinct.
    It will be targeted at local recreational drivers, tourists, professional kart drivers and young up-and-comers.

    If approved it will join a $36 million 5200ha mega motorsports precinct planned for northeast Beaudesert, Xtreme Karting and WRX experience at Pimpama and Supercars Experience at Norwell.

    The national Supercars racing series has its headquarters on the Gold Coast along with several of the competing teams. The city hosts the annual GC600 race through the streets of Surfers Paradise and Main Beach.

    City and tourism industry leaders say a world-class karting precinct will support the growing adventure tourism market.

    Gold Coast Tourism chairman Paul Donovan said the Coast’s motorsports precincts would
    become major drawcards.

    “What we need are key pieces of infrastructure that bring more people here and I see this as being an important part of the city’s future,” he said.

    “We have plenty of room and these are the sort of things which will become part of the Coast’s DNA.”

    If approved by the council it is likely to become the region’s first major motorsports centre with the Beaudesert project still the subject of lobbying to the State Government by the Scenic Rim Motor Sports Association which is hoping to secure land.

    A spokesman for the Stapylton proposal, Philip Young, said the facility would allow the next generation of world champion kart drivers to hone their skills at home on the Gold Coast.

    “It would greatly increase the changes of a Gold Coast or Queensland star of the future,” he said.

    “I am sure it will generate significant interest from other countries given the standard of the proposed venue and opportunity to use it for racing training during a northern hemisphere winter.”

    The new complex is proposed for a vacant site on the corner of Gross Road and Stapylton-Jacobs Well Road.

    Kart club director Pat Buckley said the project had been in the works for years.

    “It is exciting from our point of view and it will be of great community benefit.”

    According to plans filed with the council, the site will feature a racetrack capable of hosting national or international meets and an on and off-road driver safety education centre.

    If approved, the project would grant the Kart club a new home more than 15 years after their former facility was bought by the State Government and redeveloped to become Coomera Springs State School.

    The project has the backing of area councillor and Deputy Mayor Donna Gates.
     
  11. big max

    big max Well-Known Member

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  12. big max

    big max Well-Known Member

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    HONG Kong tycoon Tony Fung is planning to build a beachside six-star hotel on the Gold Coast.

    Mr Fung’s Aquis Australia will today announce plans prepared by architects Wood Bagot for a $440 million hotel overlooking Main Beach, just south of Macintosh Island Park.

    Plans show the slim tower will be 48 storeys, include more than 500 rooms and feature five world-class restaurants. A wraparound pool with views of the ocean and sitting above a spectacular l glass-encased podium several levels above the footpath is also included.

    “It has no apartments in it. This will be for full-time holiday-makers,” an Aquis spokesman said.

    “As a six-star hotel, we will be looking at the luxury international traveller who wants to visit the Gold Coast.”

    If given the green light by the Gold Coast City Council, the project will deliver the Coast’s only six-star hotel. Both Palazzo Versace and the under-construction Wanda Vista hotel at the Jewel towers bill themselves as five-star properties.

    Aquis plans to lodge an application with the council tomorrow after conducting earlier talks with officers. Despite Mr Fung’s previous interest in operating casinos in Cairns and on the Coast, the new hotel will not feature gaming rooms.

    Council sources suggest it is unlikely the project will face major hurdles in the assessment stage given other taller apartment towers are being approved, with the exclusive suburb preparing for a development boom.

    [​IMG]
    An artist impressions of the proposed Aquis Hotel planned for Main Beach.
    Potential traffic problems aside, residential and business groups are likely to be on board because an exclusive hotel will bring much-needed trade to the restaurant precinct at Tedder Avenue.

    The council is assessing a 50-storey tower on a beachfront site on the corner of Main Beach Paradise and Woodroffe Avenue. A boutique eight-storey tower by developer Katie Page will be completed early next year.

    [​IMG]
    Palazzo Versace was the last major hotel resort built on the Gold Coast.
    Company insiders were hopeful of approval, with construction to begin in 2018. A company spokesman confirmed Aquis would be seeking a partner to manage the hotel.

    [​IMG]
    Pacific Point at Main Beach. Picture: Jerad Williams
    The move to develop the Main Beach block shows the billionaire’s focus turning from north Queensland to investments on the Coast.

    Since Aquis Group withdrew plans for its integrated resort project at Cairns, company insiders regard its priority projects as its thoroughbred stud and training track at Canungra, a planned super tower on the Vomitron site in central Surfers Paradise and the Main Beach holding.

    Aquis bought the 1700sq m site in April for $23 million, securing the units in the Pacific Point apartment building and two adjoining properties.
     
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  13. big max

    big max Well-Known Member

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  14. tomlemke

    tomlemke Well-Known Member

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    Whats your thoughts on this one @big max? looking to hold until around 2020 depending on growth, i have noticed its been for sale for a while. Location seems good
    9 Cabarita Street Biggera Waters Qld 4216 - House for Sale #124034330 - realestate.com.au
     
  15. big max

    big max Well-Known Member

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  16. big max

    big max Well-Known Member

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  17. big max

    big max Well-Known Member

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    I like the size of the block.

    Long term I think this location will get increase in value both on development potential, proximity to Brisbane, growth of southport, closeness to water etc.

    Short term it should be easier to improve the surrounding area just by growing proper grass.

    I think for a property like this you can come in and make a lowball offer and see if it hits.

    If it's solid and no maintainence then an easy renter but you would have to be selective with the tenants you choose.
     
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  18. big max

    big max Well-Known Member

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    @tomlemke above are my comments on then place at Biggera Waters you asked above.
     
  19. big max

    big max Well-Known Member

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  20. tomlemke

    tomlemke Well-Known Member

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    Thanks Max appricate your feed back
     
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