Beachfront

Sydney-based luxury developer Sammut Group has signed Australia&rsquo;s largest builder Multiplex to construct its debut Gold Coast development, the $200 million absolute beachfront, COAST, at Garfield Terrace.

The appointment comes on the heels of the premium apartment project achieving a sales record for the Gold Coast with an average price of $5.25 million per apartment recorded as buyers flocked to the development following its release late last year.

COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.

<a href="https://www.urban.com.au/new-apartments/coast-43-garfield-terrace-surfers-paradise"><img alt="" height="634" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bm_cam07_balconyinterior.jpg" width="1200" /></a>

Buoyed by strong sales, Sammut Group, which is undertaking the development in partnership with financier Alceon Group, is now looking ahead to the delivery phase of the luxury beachfront tower.

&ldquo;The appointment of Multiplex as our building partner for COAST is a significant milestone for this landmark development,&rdquo; said Sammut Group CEO Allen Sammut.

&ldquo;After achieving exceptional sales success, we are now progressing to construction of our vision to create the Gold Coast&rsquo;s premier residential address, firmly supported by one Australia&rsquo;s most experienced builders.&rdquo;

Multiplex has been responsible for the delivery of several of Southeast Queensland&rsquo;s most high-profile developments, including Destination Gold Coast Tower 2 at Star Residences, Queens Wharf Brisbane, Jewel Gold Coast, and the W Hotel Brisbane.

[smartcode_project:default project_id=101672 project_image_fid=185690]

The appointment to deliver Sammut Group&rsquo;s $200 million COAST will add to the builder&rsquo;s already strong pipeline of projects in Queensland.

&ldquo;We are delighted to be working with such a well credentialled developer as Sammut Group on such an iconic development for the Gold Coast,&rdquo; said Multiplex Regional Director, David Redding.

&ldquo;COAST will be a defining benchmark for the Gold Coast, and we look forward to leveraging our extensive track record of delivering high quality projects across Australia to bring this striking residential collection to life.&rdquo;

Sammut Group COO Julian Sammut said the company was looking forward to taking the next step in bringing the project to life for buyers.

&ldquo;This is an exciting project for us, being our first in Queensland, and we are looking forward to breaking ground on Gold Coast soil in the coming weeks,&rdquo; he said.

<a href="https://www.urban.com.au/new-apartments/coast-43-garfield-terrace-surfers-paradise"><img alt="" height="482" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/bm_cam04_kitcheninterior.jpg" width="1200" /></a>

COAST will deliver a suite of beachfront residences over 35 levels to the Surfers Paradise beachfront, contained in a striking tower designed by PBD architects.

The appointment of Multiplex is a major employment boom for the Gold Coast with the project expected to employ approximately 400 workers during its construction period.

&ldquo;We take very seriously the jobs creation that is afforded to us through securing such quality projects,&rdquo; said Mr Redding.

Just eight apartments remain to be sold at COAST, the first for Sammut Group on the Gold Coast after three decades of delivering premium-project excellence in iconic locations across Sydney.

The multi-award-winning developer has incorporated a wealth of resident amenities in the COAST design, including a 32-metre pool that wraps around the exterior of the building along the entire eastern and northern frontages.

[smartcode_project:default project_id=101672 project_image_fid=185691]

This will be accompanied by a cabana and lounges, a barbecue entertaining area, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar with breakout areas and a commercial-sized gym.

COAST has ignited the imagination of buyers, setting a new price record for sub-penthouses twice on the Gold Coast, one for $8.775 million and then another for $8.95 million &ndash; both of which sold to interstate buyers.

[smartcode_project_cta: project_id=101672]

COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.



alisonwarters@gmail.com

Sammut Group appoint Multiplex to build $200 million luxury Surfers Paradise beachfront apartment development, COAST

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The Melbourne-based developer Lowe Living have only one apartment remaining in their luxury Bayside development Azura Aspendale, which saw solid sales growth despite the COVID-19 pandemic.

The Foster Street townhouse and apartment development was launched in March last year, the same month COVID had Australian's in lockdown. Within six months of the project launch, 26 of the 27 residences had sold.

Construction is well underway on Azura Aspendale, a mix of eight townhouses and 19 apartments created by design-studio Golden. They created the homes in collaboration with landscape architect Jack Merlo and Chamberlain Architects.The project is expected to be completed in late 2021.

Lowe Living Founder and managing director, Tim Lowe, said that the meticulous craftsmanship and unparalleled attention to detail of Azura Aspendale, combined with the elite location of pure beach- front living, will present a once in a lifetime opportunity for buyers.

“Azura Aspendale is inspired by its unique location,” Mr Lowe said. “Its sophistication and sensitivity to its surrounds is something we have not yet seen in beach-side living.”

[smartcode_project:default project_id=26408]

“From the tranquillity afforded by spectacular use of light and space and its carefully crafted floorplans that promote open-plan living and connection to the outdoors, to its sleek, stylish and premium finishes, Azura Aspendale represents a new generation of high-end coastal living.”

“Its absolute beach front location, with supreme views of the bay, combined with its thoughtful design, makes Azura Aspendale one of a kind.”

Inspired by tropical modernism examples in Brazil and Asia, the material palette of concrete, red brick and timber, sits in harmony with the coastal landscape.

Jack Merlo has given great consideration to the coastal location, using feature foliage and greenery to link the landscape and architecture.

“One of the most unique aspects of Azura Aspendale is the relationship between architecture, landscaping and surrounds,” said Mr Lowe. “These elements have all been carefully considered to create a sense of tranquillity and a private sanctuary, nestled beside the beach.”

“With the beauty of Port Phillip Bay quite literally on your doorstep, and only a short walk to the vibrant eateries and cosmopolitan amenities of Aspendale and neighbouring suburbs, Azura Aspendale will give owners the rare opportunity to enjoy a sea change while not compromising on locale or quality."
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The Foster Street townhouse and apartment development was launched in March last year, the same month COVID had Australian's in lockdown

Joel Robinson

Only one apartment remains at Lowe Living's Azura Aspendale

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Grant Bourke, the Domino's Pizza veteran executive, has purchased a beachfront retreat at Seal Rocks, on NSW's mid-north coast, with wife, Sandra.
They spent $2.3 million on the near four bedroom oceanfront that came with a<a href="https://www.realestate.com.au/property-house-nsw-seal+rocks-119019135" target="_blank"> $2.75 million list price</a> through Mark Currie at Pacific Palms Real Estate.
Boasting ocean views from every room at what will be a holiday let above Boat Beach. 
The $2.3 million sale of the eco-friendly 2007 Bob Stephenson-designed residence is not the highest for the coastal hamlet, as near neighbours sold for $2.35 million back in 2005.
Just down the road, 12 Kinka Road has a $3 million plus current asking price through Unique Estates, but that has been on the market for two years by Peter Adams, the Adams Timber heir.
Until recently Seal Rocks was accessible only by dirt track. 
Grant Bourke, who sits on the board of Australia's largest pizza chain, first became a franchisee in 1993.
If Bourke gets hungry the closest outlet to Seal Rocks is around 40 minutes away at Forster.
This article was first published in the Saturday Daily Telegraph.
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Domino's Grant Bourke buys Seal Rocks holiday rental

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A St Andrews Beach, Victoria home has been listed with $3 million plus hopes through Michael Kivlighon at RT Edgar.
The <a href="https://www.realestate.com.au/property-house-vic-st+andrews+beach-120675453" target="_blank" style="line-height: 1.3em;">3-5 Moana Court</a> home had been a beach shack in the 1970s when builder Damian Thomas bought the place.
Three years ago, Damian and wife Dianne replaced the shack with the modern homedesigned by Architecture Work's John Lochhead.
With five bedrooms, two bathrooms, the Mornington Peninsula house offers ocean views through floor to ceiling windows.
The island bench in the kitchen is built from wood reclaimed from the Mornington Pier.
The median price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">St Andrews Beach is $517,500</a>, according to CoreLogic RP Data.
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$3 million plus hopes for St Andrews beach home

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A beachfront home on Wongaling Beach in Queensland has been listed for sale.
The four bedroom <a href="https://www.realestate.com.au/property-house-qld-wongaling+beach-116381839" target="_blank">2D Reid Road</a> property has been listed with $1.13 million hopes through Dianne Wagner at First National Mission Beach.
The home sits on 805 square metres and offers beachfront location with Coral Sea views.
The beach is one of the closest launching points to Dunk Island.
 The median price for a home in <a href="https://www.urban.com.au/property-observer" target="_blank">Wongaling Beach is $334,500</a>, according to CoreLogic RP Data.
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Beachfront listed with Dunk Island views

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Australia's newest billionaire Gretel Packer has seemingly secured the longtime Palm Beach retreat in the recent settlement that divvied up the assets from the family's vast fortune.
She is the sole director and secretary of the newly created company that now owns the prestige northern beaches estate.
The bungalow on its well-shaded 4000 sqm beachfront reserve holding was transferred recently with a notional $24 million value.
It was 1981 when her father, the late media tycoon Kerry Packer broke through the beachside suburb's million-dollar threshold with his $1 million purchase of the Ocean Road holding from the MacCormick family, who had paid 12,000 pounds in 1952.
The $24 million figure ranks as Palm Beach's priciest as the prior high was the $22 million paid nearby by car dealer Laurie Sutton in 2012 for the trophy home, Kalua.
Gretel and her brother, James reached a private settlement last September finalising the will of their father, Kerry who passed away of kidney failure in 2005, nine days after his 68th birthday. There has since been a further finalisation of the initial settlemement.
The paperwork on the property division only emerged last month at NSW Land Titles office.
The very private Gretel Packer, a 49-year-old mother, businesswoman, philanthropist and arts patron, has remained largely out of the headlines for most of her life.
But she will now be on the rich lists, as Australia’s newest billionaire after the deal with her younger brother. She was spotted having a coffee with valuer Paul Donovan from Pontons this week.
I recall reporting on the shyness of the young Gretel who got a $290,000 Cartier diamond choker and earings from her dad at her 21st birthday in 1987 when 350 guests partied at the Bellevue Hill.
Last year lunching a $200 million philanthropic fund for indigenous education and community welfare and the arts, the Packer Family Foundation’s chairwoman said philanthropy had always been a part of her life — "sometimes private, sometimes public, but always there."
She is a trustee of the Sydney Theatre Company Foundation, a patron of the Taronga Zoo Foundation and a board member of the Art Gallery of NSW.
Marrying twice, first to financier Nick Barham and then spiritualist, Shane Murray, she has been based at the 1919 Edwardian Bellevue Hill residence, Winston since paying for $11.25 million in 2000. 
The family matriarch, Ros, currently in India, was mostly in residence at the Palm Beach bungalow over summer and remains chatelaine of Cairnton, the longtime Packer family estate in Bellevue Hill.
“Gretel and James have always been very close and their love and respect after the settlement is as much if not more than before,” Rob Rankin, the chief executive of the Packers’ private company Consolidated Press Holdings told News Ltd last year. 
Rob ­Rankin said the settlement honoured their late father's wishes.
Gretel Packer had always known that, on her father's death, it would be her brother James Packer who would take the family business forward.
The LA-based casino tycoon has since dismantled most of the multibillion-dollar media empire built by his late father Kerry Packer and grandfather Frank Packer, which included the Nine television network and ACP Magazines.
James Packer's passionate project is the $2 billion luxury hotel-casino complex at Sydney’s Barangaroo, due to open in 2019, with plans to have wealthy gamblers visit his Ellerston golf course.
This article first appeared in the Saturday Daily Telegraph.
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Gretel Packer gets Palm Beach in family negotiations

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Sydney's harbourfront Rose Bay is set to get a new boutique beachfront apartment development.

Plans have been lodged for a small project of three apartments at 5 Collins Avenue, on the beach and facing the Sydney Harbour.

The $3.43 million plans will see the current 1910's Federation Arts &amp; Crafts mansion demolished.

The property belongs to Kate Champion, the wife of the Laser Clinics founder Alistair Champion. It last sold for $18 million in 2019.

<img alt="" height="881" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/champion_rose_bay.jpg" width="1200">

The MHNDUnion designs (pictured top and below) have two two bedroom apartments on the ground level, one with its living area opening to a private swimming pool, and the adjoining apartment with its own garden terrace.

Unit one, with the garden, spans 93 sqm internally and next door with the pool has 108 sqm of living space.

<img alt="" height="813" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/5_collins_rose_bay_2.jpg" width="1200">

Upstairs is the 214 sqm, full floor penthouse. It will have three bedrooms, including one master suite with walk in wardrobe, a TV room, a study and four bathrooms.

Each apartment is designed with the open plan kitchen, living and dining area oriented to face the harbour.

The Champions are based in the luxury Woollahra mansion Ilicus which they bought for $13 million in 2017.
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Rose Bay to get new beachfront apartment development

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A Blueys Beach house has been listed for sale through Pacific Palms Real Estate agent Matt Healey.
The <a href="https://www.realestate.com.au/property-house-nsw-blueys+beach-133135062" target="_blank">Newman Avenue property</a> offers a sleek modernist style with high vaulted ceilings, a cantilevered deck and an abundance of glass.
Its walls of sliders sweep back embracing the sparkling ocean, rolling paddocks and district views.
The four-bedroom, two-bathroom home has a master wing with ensuite, walk-in robe, and a whole floor children's or guest wing featuring two bedrooms, bathroom and lounge or teen retreat. The 700 sqm has easy lift access to each of its three levels and features open plan living and dining rooms separated by the gourmet eat-at gas kitchen. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/5/22/19_Blueys%20Beach%20Living%20Room%20.jpg" alt="" style="caret-color: #000000; color: #000000;"> There is also a garden terrace featuring a gardener's sink, easy care landscaped gardens with veggie patch, internal access to the double lock up garage, powder room, internal laundry and vast storage areas. The property last sold in 2010 for $910,000. 
According to Domain, four other four-bedroom houses in Blueys Beach have recently been sold. A similar four-bedroom, two-bathroom on <a href="https://www.realestate.com.au/sold/property-house-nsw-blueys+beach-130602282" target="_blank">Croll Street</a> sold for $1.2 million. 
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Blueys Beach three-storey oceanfront house for sale

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The Victorian Planning Minister, Matthew Guy, has made a move to ensure that private land owners on beaches covered by Public Conservation and Resource zones will only be able to go ahead with the agreement of the state government.
Before this, there was apparently a loophole allowing private land owners the ability to build permanent structures ‘as of right’. This could be anything from a deck, verandah or shade structure to a fence, sign or significant outdoor furniture.
Now, however, these zones will be kept from private development under amendment VC115.
“The Victorian Coalition government will not allow public accessed beaches to be built  on, where the land is technically held in private ownership,” Guy said in a recent statement.
They are currently further looking at legislative options regarding clarifying title boundaries around Port Phillip Bay.
No use or development will be able to go ahead on the land without a planning permit from now on. To obtain this, an owner must put in an application, which will then look to seek consent from the Secretary of the Department of Environment and Primary Industries. A local planning authority will assess the applications. This is likely to be the local council for many.
“With this change, any permit application to use or develop land within this zone will require consent. This is wide-ranging and includes fences, signs, outdoor furniture, shade sails, flag-poles, sheds, pergolas, verandahs and decks. Until today’s reforms, building these structures on private land in this zone did not require a planning permit.”
Guy expressed his belief that this was an appropriate response, with the government currently working on the process of defining boundaries in areas with a high water mark.
“This change to the PCR zone will ensure proper management of beaches. It will prevent inappropriate development and construction from occurring. Beaches will remain accessible for everyone in this state – as they should be.”
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jduke-EHk3XBmHkn

Private land owners near Victoria’s beaches to lose ability to develop 'as of right'

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Almost 60% of the 99 properties auctioned at the Gold Coast yesterday sold with Ray White The Event attracting 243 registered bidders
A 770 square metre two level penthouse at the Nirvana by the Sea block in Kirra was the top sale at $3,755,000 among the $20 million auction proceeds.
<a href="https://www.rwsp.net/qld/kirra/1241869/" target="_blank">1504/1-3 Douglas St, Coolangatta</a> had previously sold for $2.75 million in 2011, but its $4.4 million hopes held since its early 2014 listing proved overly ambitious.
There had been two earlier higher sales in the prime block of 60 apartments developed by <a href="https://www.nirvanabythesea.com" target="_blank">Niecon</a>.
Its 2007 marketing was promoting Kirra as the "new Noosa" with prices from $950,000 to $2,895,000, replacing 1970s brick blocks of units.
Once known as a casual village popular with surfers, Kirra is at the southern end of the Gold Coast.
<img src="/images/2015/01/27/cobain%20jan%2027%20one.jpg" alt="">
But sellers of a two-bedroom unit in the Soul building at Surfers Paradise secured just $905,000, which was $795,000 less than it fetched in 2012, the Gold Coast Bulletin reported.
The <a href="https://www.rwsp.net/qld/surfers-paradise/1233957/" target="_blank">2502/4-14 The Esplanade, Soul, Surfers Paradise</a> was a 122 square metre offering last sold in June 2012 at $1.7 million to Brisbane buyers.
Onthehouse recently gave a $1.6 million plus guidance.
There were 12 pre-sales among the 58% success rate. There was a 58% initial clearance rate in January 2012. The clearance rate was higher than last year, when around 50% of the homes sold on the day.
The Ray White Surfers Paradise Group chief executive Andrew Bell said the auction was one of the best on record with many properties having four or five bidders.
“Selling close to 60 properties in the space of six hours is a big statement for the state of the local property market,” he told the News Ltd local paper.
The 22nd annual auction showcase, the biggest in Australia, included family homes, investment properties and trophy homes.
28 Lakelands Drive is now under offer. It has four bedrooms, and the listing states that it would comfortably rent for $800 per week.
Bell said investors dominated this year with a strong showing from Melbourne and Sydney buyers.
“The high volume of investors says a lot about market confidence and discretionary spending power,” he said.
Other sales included 50 Falkinder Ave, Paradise Point for $480,000.
The property last sold for $460,000 in 2013.
A one bedroom unit in the Paradise Isles Resort on the Gold Coast was sold for $160,000 to a Sydney investor, with $270 a week plus rental potential,thereby reflecting around a 9% yield. Set on Chevron island, it had first sold back in 1997 for $161,900 at the low rise 40 Burra Street. There was a $189,000 and $167,000 sale in the block last year.
PRD Research recently noted South East Queensland experienced positive property price growth in 2014; despite a soft decline in transaction volume.
<img src="/images/2015/01/27/cobain%20jan%2027%20two.jpg" alt="">
Professional golfer Wayne Grady's riverfront Gold Coast home also went to weekend LJ Hooker auction without success. <a href="https://www.domain.com.au/property/for-sale/house/qld/ashmore/?adid=2011682945" target="_blank">The 1988-built Ashmore house</a> on a 3364 square metre holding had been his home since $850,000 was paid in early 1996. It was listed with $2.79 million hopes in April last year.
It has been a tightly held property having sold at $36,000 in 1978.
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