A $2.8m display home has topped sales at a Worongary estate where demand was so intense a ballot was held for the chance to buy land when the development first launched The double-storey house set a new benchmark within the masterplanned SkyRidge community which will become home to more than 10,000 people once completed in 2036 two-bathroom Waterford 46 display home on a 512 sqm block is the most expensive sale in the $1.5bn development — and ranks among the highest residential transactions in the central Gold Coast suburb overall This display home at SkyRidge sold for $2.8m reflecting continued strong demand through staggered release of ten lots at a time within the 342ha development “This landmark sale underscores the desirability of SkyRidge as one of Queensland’s top lifestyle destinations,” Mr Alston said “The Waterford display home encapsulates everything buyers are looking for — luxury and a connection to a thriving masterplanned community.” Chris Alston and Councillor Glen Tozer launching the development in 2021 with developers Perron Group staging a lottery after more than 15,000 people registered to secure one of 3,500 homes to be built over ten years The first residents moved into the estate last month with 118 buyers finalising their purchase of lots in stages two and three Works are currently underway to produce the next 350 lots in SkyRidge’s first sold-out neighbourhood Major infrastructure is also being built in the next neighbourhood Sleek contemporary living spaces and high ceilings The kitchen is fitted with high-end appliances Three-level penthouse to go under the hammer The Block winners horror home build blowout Mac Andrew: What’s ahead for AFL star paid more than Buddy Metricon Queensland state sales manager Josh Darling said the deal highlighted “surging demand” for high-spec newly built homes in the region The $2.8m sale of our Waterford display home is a testament to the design and quality that Metricon delivers “This record-breaking sale reflects the rising demand for premium homes in sought-after communities like SkyRidge,” Mr Darling said Metricon Queensland sales manager Josh Darling The modern house is part of the company’s designer range combining elegant open-plan living with state-of-the-art features High-end finishes include a lavish master suite a designer kitchen with top-tier appliances along with access to a network of expansive green spaces Other amenities include a retail village and community centre Three lots priced from $674,000 for a 532 sqm block are currently listed for sale on realestate.com.au PropTrack data shows house prices in Worongary were up 8.8 per cent over the past year to a median of $1.262m third parties have written and supplied the content and we are not responsible for it completeness or reliability of the information nor do we accept any liability or responsibility arising in any way from omissions or errors contained in the content We do not recommend sponsored lenders or loan products and we cannot introduce you to sponsored lenders We strongly recommend that you obtain independent advice before you act on the content realestate.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd. By accessing or using our platform, you agree to our Terms of Use. The Gold Coast suburb of Worongary has ranked as the second top regional growth suburb in Australia with projects such as the $1.5 billion SkyRidge planned community contributing to the result A national survey by Ray White Chief Economist Nerida Conisbee (pictured above) found that the median house price in Worongary increased to $1,265,000 placing it just under Newcastle’s Coal Point said the results were very encouraging for the residential neighbourhood and the Gold Coast in general “The average Worongary home value has increased by $336,000 over the past 12 months according to our research, placing it just behind Coal Point which increased by $345,000, and making it second regionally in Australia,” Burgess said He said several factors have contributed to the result including the mix of block sizes from suburban to rural and a marked increase in infrastructure and new developments 3,000-home SkyRidge materplanned community which is a new development for Worongary is certainly helping this trend,” Burgess said Brinton Keath, SkyRidge sales agent, is expecting the upward trend to continue, given the availability of quality land at an all-time low, and the increasing home values “Supply and demand are major factors in Worongary’s popularity but future additional infrastructure such as the retail village precinct in SkyRidge also adds to it,” Keath said “We’re experiencing strong enquiry for the land on offer here but as it’s being released in a staged approach people sometimes think we’ve sold out we’re being responsible about what and when we put land on the market but this may also create a sense of scarcity as well.” Skyridge not only has lots that offer a diverse range of home styles and cater to various lifestyle needs it also features an expansive network of large open green spaces plus a high-quality village shopping and retail centre. Following completion of The Ascent neighbourhood later this year SkyRidge will still have a further 2,000 lots to release to the market progressively over the next decade. Use the comment section below to tell us how you felt about this. Brisbane Lions premiership player Aaron Shattock is in an induced coma after being crushed by an excavator when it rolled on top of him at a Gold Coast home on Sunday Please call us on 1800 070 535 and we’ll help resolve the issue or try again later The first house for sale in SkyRidge on the Gold Coast is attracting plenty of attention with buyers sellers and the wider community eager to see what price it fetches The new-build at 52 Sandpiper Terrace, Worongary launched to the market on Wednesday and within 24 hours had already racked up 1200 views on property portal realestate.com.au Agent John Santos, of Gold Coast Property Sales & Rentals, is marketing the property with an auction set for December 13. “I’m quite excited to see what the market feedback is going to be,” he said “There’s quite a bit of excitement in the community pages because obviously it is the first home to be for sale in SkyRidge.” SkyRidge is a masterplanned community in Worongary where demand was so intense a ballot was held for the chance to buy land when the development first launched MORE NEWS: Unfair’ bank lending policy under fire Luxury listing: Magazine-worthy home hits the market Stunning turnaround for builder couple’s ‘abysmal’ auction Sellers Maxine and Spencer Richards bought the 448sq m block of land in October 2022 before embarking on their dream house “We basically have decided to expand our family and we want acreage so that’s why we are selling,” said Mrs Richards and the concept behind SkyRidge — the fact that it’s a lot of families and young professionals who are building a community together “We’re really excited and we hope that our house makes a nice dream house for someone else’s family.” living and dining areas with a separate family room there is also a study as well as a covered patio and double garage Other features include floor-to-ceiling windows engineered wood flooring and modern light fixtures Mr Santos said the first week of the marketing campaign was crucial to the sale “The first week is where we are going to get that market feedback,” Mr Santos said “My sellers are open to selling prior to auction so a buyer could definitely be in before Christmas.” The latest listing follows the $2.8m sale of a Metricon display home in SkyRidge. The masterplanned community will become home to more than 10,000 people once completed in 2036 The first residents moved into the estate in August PropTrack data shows the median house price in Worongary is $1.26m up 5.9 per cent over 12 months The staggered release of lots for sale within a major housing development on the Gold Coast has unintentionally led to a misconception that the estate has sold out fuelling demand and positioning the suburb of Worongary among Australia’s top regional growth areas A perception of scarcity has driven a buyer rush on land within the 3,000 home SkyRidge masterplanned community despite the future progressive release of more than 2,000 lots to the market over the next 10 years SkyRidge sales agent Brinton Keath said strong demand for lots amid Queensland’s ongoing housing shortage was one factor underpinning huge growth in the broader suburb of Worongary which was ranked the second top-performing regional suburb in the country The $1.5b community will have 3,000 houses Ray White data shows Worongary’s median house price rose from $929,000 in 2022 to$1,265,000 in 2023 placing it just behind Newcastle’s Coal Point Mr Keath said the area should continue its upward trend as quality land availability was at an all-time low “Supply and demand are major factors in Worongary’s popularity infrastructure such as the retail village precinct in SkyRidge also adds to it,” he said “We’re experiencing strong enquiry for the land on offer here staged approach people sometimes think we’ve sold out we’re being responsible about what and when we put land on the but this may also create a sense of scarcity as well.” Staggered lot release has created a perception of scarcity Inside GC’s top sales of the year: buyers, sellers revealed Qld real estate: most in-demand suburbs this winter Tax breaks all property investors should be claiming Ray White Robina agent Grant Burgess said the statistics were encouraging for the area and the Gold Coast in general “The average Worongary home value has increased by $336,000 over the past 12 months placing it just behind Coal Point which increased by $345,000 and making it second regionally in Australia,” Mr Burgess said “There are a number of factors that have contributed to this including the mix of block sizes “Projects such as the $1.5b SkyRidge masterplanned community which is a new development for Worongary is certainly helping this trend.” The lots within SkyRidge offer a diverse range of home styles and lifestyle needs with a range of properties now available to purchase from $578,000 SkyRidge will include a shopping and retail centre with completion of the estate’s first neighbourhood IS this the Gold Coast’s ultimate party pad Nat Scott and her plumber husband Jono bought their leafy Worongary property 12 months ago and have spent the year transforming it into an entertainer’s dream who have renovated 14 properties and built one house The house has been completely transformed into a coastal oasis MORE NEWS: Spectacular Gold Coast house pushes design boundaries Iconic Mermaid Beach home headed for $7m price gain Private tiki bar hits the market in Burleigh Their latest project is affectionately know as Worongary Pavilion and has its own “poolside day club area” “It’s 100 per cent a party house,” Mrs Scott said “We love entertaining and love having fun open spaces “We had my daughter’s 21st here and even had a band.” guests can recover in the infra-red sauna and under the outdoor copper shower on 1ha of subdividable land at 107 San Fernando Drive was in its original 1986 condition and in desperate need of an update when the Scott family got their hands on it “We flipped all the living areas from the centre of the house to the northern end so we basically get all day sun,” Mrs Scott said “We honestly haven’t stopped since we bought it “It’s been my full time job overseeing all the different trades.” The end result is a stunning coastal-inspired residence that’s functional as well as stylish The upper level includes the kitchen with a servery window to the veranda as well as a lounge with a gas fireplace and stone feature wall There is also a servery window that leads out to the deck The lower level offers the option of dual living The standout though is the sprawling lounge room with its huge couch and raised long bar area Other features include a 180sq m shed that is suited for a trade or home business with part of it converted into a cabin-style retreat that’s perfect for guests Mrs Scott said while it was bittersweet to sell the family had bought another property in Warwick The Worongary house is being sold via an expressions of interest campaign spanning nearly 350 hectares backed by Perth-based developer Perron Group \u003c/p\u003e\u003cp\u003eDescribed by council as one of the largest residential development projects the “city has ever seen” the project involves the master plan development of a greenfield site in Worongary known as the largest remaining development land parcel on the Gold Coast in single ownership.\u003c/p\u003e\u003cp\u003eThe Pacific View Estate’s development code allows for 3,500 dwellings and apartment buildings of up to 8-storeys \u003c/p\u003e\u003cp\u003eApproved in a full council meeting on Tuesday the new residential community—located near Carrara —also anticipates a population of between 8,000 to 10,000 residents.\u003c/p\u003e\u003cp\u003eThe project was given preliminary approval in 2015 by the state government The Pacific View Estate site at 167-169 Hinkler Drive Worongary spans approximately 334.84 hectares.\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\"row ci\"\u003e\u003cdiv class=\"cell cs12 cx12\"\u003e\u003cdiv class=\"ci cl\"\u003e\u003cp\u003e\u003cbr\u003eThe project plans for a village centre retail and open space located adjacent to Hinkler Drive \u003c/p\u003e\u003cp\u003ePlanning documents show a maximum gross floor area of 15,000sq m for the development’s commercial and retail \u003c/p\u003e\u003cp\u003eWhile a continuous east-west corridor will offer an “open space spine” located through the centre of the site and an industrial precinct pegged on the eastern side of the M1.\u003c/p\u003e\u003cp\u003eThe bushland had once been owned by a now-well known Gold Coast figure referred to as Robert “Spiney Bob” Anthes.\u003c/p\u003e\u003cp\u003eThe solitary man who once called the land parcel home following his service in World War II from his father Jack Anthes.\u003c/p\u003e\u003cp\u003eAnthes’ hermit lifestyle and the way he protected the property has since become local folklore.\u003c/p\u003e\u003cp\u003eAnthes lived on the land from the late 1940s until he passed 15 years ago aged in his mid-eighties.\u003c/p\u003e\u003cp\u003eRelated: \u003ca href=\"https://theurbandeveloper.com/articles/tower-plans-for-gold-coast-mansion\"\u003eTower Plans for Gold Coast Mansion\u003c/a\u003e\u003c/p\u003e\u003cp\u003ePacific View Estate is the largest land development in the Perron Group’s portfolio.\u003c/p\u003e\u003cp\u003ePerron group have a development management agreement with CRA group on the project \u003c/p\u003e\u003cp\u003eThe group also control development sites in Western Australia and is a part-owner of the Runaway Bay Centre shopping centre also on the Gold Coast \u003c/p\u003e\u003cp\u003eThe first six stages of the Pacific View Estate project have been lodged with council The approved stages of one to three will span a total of 33 hectares \u003c/p\u003e\u003cp\u003eStage 1 forms part of the core Village precinct anchored at the eastern end by a retail village and 35 housing lots that will facilitate the initial display village \u003c/p\u003e\u003cp\u003eStage 2 has an area of 8.46 hectares comprising 77 housing lots with residential lots ranging in size from 240sq m to 647sq metres.\u003c/p\u003e\u003cp\u003eAnd stage 3 will comprise 46 housing lots with lots ranging from 246sq m to 967 square metres Lendlease’s third residential building in the Collins Wharf precinct of Victoria Harbour.\u003c/p\u003e\u003cp\u003eThe 28-storey building at 971 Collins Street in Melbourne’s Docklands will deliver 312 homes in a mix of one two and three-bedroom apartments as well as townhouses and penthouses.\u003c/p\u003e\u003cp\u003eAccording to Lendlease the project has already secured more than 50 per cent in presales.\u003c/p\u003e\u003cp\u003eHickory is the construction contractor—it completed the precinct’s first development in 2019 and is also working on LendLease’s second tower Regatta.\u003c/p\u003e\u003cp\u003eFor Ancora Hickory is implementing several technical construction methods including various piling techniques and precast concrete solutions that enable a parallel-track construction program.\u003c/p\u003e\u003cp\u003eThe building’s facade designed by architect Warren and Mahoney uses a three-stage design incorporating double-glazed glass and textured precast concrete with Reckli and brick finishes.\u003c/p\u003e\u003cp\u003eThe structural design transitions from a solid podium base to lighter upper levels “reflecting a maritime theme” aligned with the Collins Wharf design objectives.\u003c/p\u003e\u003cp\u003eAncora will connect to the neighbouring Regatta development via a podium allowing resident access to shared amenities.\u003c/p\u003e\u003cp\u003eDesigned as an all-electric building that includes electric vehicle infrastructure the development is targeting a 5 Star Green Star certification Completion is expected in 2027.\u003c/p\u003e\u003cp\u003eRegatta including build-to-rent and build-to-sell units.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eExtensive wharf works including remediation of pre-existing wharf piles installation of raker piles and construction of the extension to Australia Walk are also part of the project.\u003c/p\u003e\u003cp\u003eTechnical challenges include constructing on the finger wharf and co-ordinating extensive above-wharf road reserve and public parkland works.\u003c/p\u003e\u003cp\u003eThe Collins Wharf precinct will ultimately comprise six residential buildings of more than 1800 homes surrounded by over 5000sq m of parks and community space.\u003c/p\u003e\u003cp\u003eLendlease is developing the parkland concurrently with the residential components including the extension of Australian Walk that forms part of the City of Melbourne’s Greenline project.\u003c/p\u003e\u003cp\u003eLendlease executive director of development Adam Williams said Collins Wharf “is fast becoming a sought-after address .. which took just a handful of hours to emerge on Saturday night the Coalition’s failure to sway voters has come under intense scrutiny.\u003c/p\u003e\u003cp\u003eIts lack of policies around property that resonated with voters has been a large part of that criticism.\u003c/p\u003e\u003cp\u003eAmong those policies was a $5-billion infrastructure program to unlock up to 500,000 new homes was greeted with no small amount of scepticism.\u003c/p\u003e\u003cp\u003eThe Coalition also campaigned on its previously revealed plan to allow first home buyers to draw down on their superannuation giving access to up to $50,000 to help fund mortgage deposits.\u003c/p\u003e\u003cp\u003eWhile that proposal had won some support it got the thumbs down from many of Australia’s top economists who said the measure could prove highly inflationary among other issues.\u003c/p\u003e\u003cp\u003eSimilarly its plan to allow mortgage interest for first home buyers to be tax-deductible was roundly criticised for its likely inflationary and regressive effects.\u003c/p\u003e\u003cp\u003eIt has also been pointed out that the Coalition’s rejection of the Green’s policies around housing supply affordable housing and help for renters did it no favours.\u003c/p\u003e\u003cp\u003eThe ALP went to the polls spruiking an extension of schemes introduced during its previous term including a $10-billion promise for its first-home buyers’ scheme to encourage 100,000 more homes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eIt also had its Help to Buy shared equity scheme under which the Government pays up to 40 per cent of the house price to point to.\u003c/p\u003e\u003cp\u003eIf it was these policies per se or the lack of detail and depth to the Coalition’s the nation's ready for the Albanese government to act.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eWhat is clear been endorsed to follow through on its policies and fix the crisis that is crippling the Australian property sector.\u003c/p\u003e\u003cp\u003eAs Urban Taskforce Australia chief executive\u0026nbsp;Tom\u0026nbsp;Forrest has pointed out it is time for the Federal Government to get back to work.\u003c/p\u003e\u003cp\u003e“Housing affordability and housing supply featured large during the campaign,” Forrest said.\u003c/p\u003e\u003cp\u003e“The key now is for the Government to strike while the iron’s hot.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“If legislation is needed to support the delivery of Labor’s $10-billion 100,000 new homes commitment—then pass it through the parliament now and get on with it.”\u003c/p\u003e\u003cp\u003eThe states have made many changes to how they enable home development The Federal Government’s support of that is crucial to its success material supply assistance or any other factor that affects getting homes out of the ground.\u003c/p\u003e\u003cp\u003eThis has been a pivotal election Then Cities for Total Fan Immersion\",\"slug\":\"billionaire-arsenal-rams-denver-nuggets-sports-anchored-precincts\",\"datePublished\":\"2025-04-30T00:00+10:00\",\"tags\":[],\"summary\":\"Why your next home might be stadium-adjacent; sports are the hook Described by council as one of the largest residential development projects the “city has ever seen” known as the largest remaining development land parcel on the Gold Coast in single ownership The Pacific View Estate’s development code allows for 3,500 dwellings and apartment buildings of up to 8-storeys Approved in a full council meeting on Tuesday the new residential community—located near Carrara —also anticipates a population of between 8,000 to 10,000 residents The project was given preliminary approval in 2015 by the state government but the then earmarked $3.2 billion project was called in after council failed to approve it following a decade of negotiation Planning documents show a maximum gross floor area of 15,000sq m for the development’s commercial and retail While a continuous east-west corridor will offer an “open space spine” located through the centre of the site and an industrial precinct pegged on the eastern side of the M1 The bushland had once been owned by a now-well known Gold Coast figure referred to as Robert “Spiney Bob” Anthes The solitary man who once called the land parcel home following his service in World War II Anthes’ hermit lifestyle and the way he protected the property Anthes lived on the land from the late 1940s until he passed 15 years ago Related: Tower Plans for Gold Coast Mansion Pacific View Estate is the largest land development in the Perron Group’s portfolio Perron group have a development management agreement with CRA group on the project The group also control development sites in Western Australia The first six stages of the Pacific View Estate project have been lodged with council Stage 1 forms part of the core Village precinct comprising 77 housing lots with residential lots ranging in size from 240sq m to 647sq metres Gold Coast says the estate’s development code provides a flexible planning framework for the staged development of the land over a 10 to 20-year time frame 3 Alkira Way, Worongary is going under the hammer. A SPECTACULAR “glasshouse” on the Gold Coast is proving that style functionality and great design can also be good for the planet The new-build at Worongary by Ramu Farrell director of boutique builder SR Property Group was designed to consider the home’s energy efficiency and carbon footprint The design of the home uses floor to ceiling double glazed windows and doors using low energy glass for one layer and tinted grey for the other The extensive use of windows means there is plenty of light inside the property Mr Farrell said the first thing perspective buyers would notice about the six-star eco rating home is the extensive use of glass “The design of the home employs floor to ceiling double glazed windows and doors using low energy glass for one layer and tinted grey for the other to invite an incredible amount of natural light into the house while maintaining extreme insulating values,” Mr Farrell said floor to ceiling blockout and sheer curtains are installed throughout to maximise privacy while letting light in or shutting it out completely “The addition of extravagant pitched ceilings extending to 5.4m in the home’s living areas allows even more natural light into the home while allowing warmer air to rise keeping the home cool and most importantly MORE NEWS: Gold Coast Bachelor mansion hits the market Hammer time: Former prize home could be yours Prize homeowner’s incredible win ends shock run of bad luck There is plenty of space inside with an open-plan design With a contrasting facade of black and timber the home at 3 Alkira Way sits pretty at the end of a long driveway flanked by native gardens and raw sandstone blocks Covering 400sq m of the flat 4010 sqm block single-level residence includes five bedrooms five bathrooms and a double garage with storage space and room to house extra cars The home’s list of eco-friendly design features continue with sheer and blockout curtains in all rooms and a 32 panel solar system with 16KW of lithium ion batteries powering the home with only the excess energy drawn from the grid 32 amp electric car charging provision has also been added to both sides of the oversized garage Harcourts Coastal Prestige director of lifestyle property Katrina Walsh said one of the property’s most unique features was the internal glass atrium garden in the centre of the home “With a long list of eco-friendly features combined with a host of luxurious design elements this home ticks all the boxes for an eco-luxe property located in a picturesque setting in one of the Gold Coast’s most beautiful yet convenient suburbs,” Ms Walsh said the home’s most extravagant feature is the stunning internal garden which is strategically located in the heart of the home providing a massive lightwell and increased internal air flow into the home while producing a gardenscape that acts as a living and breathing work of art visible as you move throughout the property.” Other highlights include a 20 sqm covered pool area with a 6m x 3m heated swimming pool “This property is perfect for a family who looking for all the luxurious features in a home who is not only conscious of their impact on the environment but wants to live in a way that reduces their impact for many years to come,” Ms Walsh said usable land surrounded by a brand new 2m high boundary fence there is an opportunity to make it your own and even create your own self-sufficient vegetable garden with ample room for garden beds and fruit trees.” The property goes to auction on December 13 CNN and the BBC World Service which is copyright and cannot be reproduced AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) You only need drive a short way beyond the M1 on the Gold Coast to find a European fix Hidden behind the security gates of a private hilltop estate in Worongary is this Tuscan-style mansion which is on sale for offers of more than $2.95 million From coastal shack to beachside beauty The regional house price boom Owned by prominent Gold Coast lawyer Shane Ellis and his wife Vicki the property at 40/12 Handel Avenue was inspired by the grandiose proportions of a Beverly Hills mansion and features a sweeping staircase that would not be out of place in a scene from the classic romantic movie This Tuscan-inspired mansion has a gand spiral staircase The extravagant 1002 sqm house was built in 1996 on a 7,768 sqm lot in the exclusive St Andrews Heights Estate and commands panoramic hinterland and city skyline views from most rooms The mansion sits hidden behind secure gates Property records show it was bought by Mr and Mrs Ellis in 2004 and is now being marketed for sale by Sandra Liebenberg of Professionals Mudgeeraba A little bit Tuscan ranch and a little bit French provincial estate Ms Liebenberg said despite its grandeur the house was “The owner Vicki has said that even though it is a very large home and quite palatial with its grand staircase it is a warm home with family at its heart,” she said “It is a very elegant property and the location is exceptional You really feel as though you’re in a different world up in that estate Wrought iron adorns the formal entry gates as well as a handcrafted chandelier that hangs overhead in a central living area A sandstone entrance courtyard leads inside to the French provincial-style kitchen with solid granite benchtops while French doors and Italian floors lend further touches of European style The home has seven bedrooms and five bathrooms including the master bedroom with private terrace while downstairs a timber-walled billiards room opens out to the pool while outside the well-equipped al fresco entertaining area includes built-in fridge Estate residents also have access to a tennis court and clubhouse The Ellis’s lived on the estate with their three children who lived out every kid’s dream in the home’s outdoor playground SCA Property Group has purchased the Worongary Town Centre on the Gold Coast for $46.3 million The Coles-anchored neighbourhood shopping centre features 42 retail as well as a freestanding Caltex Service Station and Red Rooster and Zarraffa’s Coffee drive-through pad sites The 6,900sq m centre was developed in stages from 2004 to the most recent extension in 2016 The transaction reflected a yield of six per cent and was brokered by Peter Tyson and Jon Tyson of Savills on behalf of AHC Ltd following a competitive expressions of interest campaign that generated over 200 buyer enquiries “SCA was attracted to Worongary’s strong trade area dynamics with population growth projections forecast to exceed four per cent annually over the next decade,” said Tyson “This augurs well for centre trading performance.” The Worongary centre is the second Gold Coast acquisition by SCA this year and brings to three the number of centres they own in the region The transaction follows the group’s purchase of the Woolworths-anchored Mudgeeraba Market complex in April for $35.8 million SCA now operates and manage approximately 75 shopping centre assets across Australia with a combined value of over $2.364 billion as at 30 June 2017 “Demand for neighbourhood centres which feature solid fundamentals including strong anchor tenant performance and good population growth remains robust and we don’t foresee this market demand wavering for the balance of the year,” said Savills director of retail investments in Queensland Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week By continuing, you agree to Octomedia Terms And Conditions and Privacy Policy New data has revealed suburban crime hot spots THIEVES are targeting Gold Coast homes and racking up a million-dollar bill in stolen property with break-ins up 20 per cent over the past year Arundel and Worongary are the top five suburbs likely to be the target of theft Ormeau is one of the most at-risk suburbs for home theft on the list for the second consecutive year the other suburbs have emerged as most at-risk There were 188 home break-in claims on the Gold Coast in the past year The crime wave is reflected in data on the Queensland Police Service’s ‘crime map’ which revealed the number of break-ins more than tripled in Ormeau and Nerang in the last 12 months A snapshot of QPS crime data map from December 2016-17 RACQ spokeswoman Kirsty Clinton said the most commonly stolen item was jewellery so don’t tempt them by leaving doors or windows open or valuables on display,” Ms Clinton said Some homeowners are taking matters into their own hands and beefing up their private security Broadbeach Waters vendor John Batchie fitted out his two new villas with a hi-tech security system “Everybody is looking for the latest technology,” Mr Batchie said “The villas were designed to be low maintenance for the owners to lock them up and go away.” 7 Nootka Court, Broadbeach Waters has state-of-the-art security. The system links the residences’ video intercom and alarm system to the homeowner’s mobile phone “They can answer the video intercom calls on their phone it’s all linked to their phone through apps,” Mr Batchie said or if something happens you can see who has been around by checking the camera hard drive.” Security footage can be reviewed if an incident occurs Nicky Cunningham of Harcourts Coastal said new homeowners were becoming increasingly vigilant about their property “Buyers are looking for extra security features such as a combination of CrimSafe security screens and high tech security systems Property crime offenders are described as “opportunistic” This is probably not the page you’re looking for Vicki Ellis said the views would be missed LEGAL watchdog Shane Ellis’ has put his Beverly Hills inspired mansion on the market Exuding luxury with French doors, Italian floors, and grand wrought iron finishes, the Worongary home on 40 Handel Av is on the market for $2.85 to $3.1 million With six bedrooms and five bathrooms the mansion is sprawled out on 7,768sq m of hilltop acreage Wrought iron gates open to reveal a sandstone entrance and courtyard Mr Ellis and his wife Vicki along with their three children moved into the palatial home 12 years ago “We were attracted to the style of it,” Mrs Ellis said “The home has a stunning outdoor space which our family has used a lot over the years for 21st parties and entertaining.” The lawyer’s home includes a formal library with built-in bookshelves a French provincial style is combined with granite bench tops wrought iron is featured throughout the home Outside the home features private balconies with separate entrances Savills Gold Coast selling agents Wayne Holmes and Samantha Molloy are marketing the property Thinking about purchasing a property on the Gold Coast in 2023 Here are the seven suburbs experts say you should look out for Fact Checked Aussies have shifted their preferences towards increased space and more lifestyle-focused locations as city-dwellers look to make a change and work-from-home becomes more of a norm or more affectionately known as the Goldie but also a more cruisier relaxed side with pristine beaches CoreLogic’s Home Value Index indicates the Gold Coast’s median house price sits at just over $1 million while units have a median value of just under $655,000 we turn our attention to 2023 and what the Gold Coast property market holds Here are the top picks for suburbs to look out for in the coming year from industry experts Median price data sourced via Realestate.com.au and is accurate as at November 2022 The table below features home loans with some of the lowest interest rates on the market for owner occupiers Licensed Real Estate Agent at Ray White Robina said Worongary is the suburb to watch next year on the Gold Coast due to a new housing development called ‘Skyridge.’ “Worongary is dubbed to be the biggest hotspot on the Gold Coast next year due to a big subdivision called Skyridge and the land release that will subsequently be available,” Mr Micallef told Savings.com.au “Naturally with a big development like that house prices and popularity should skyrocket benefiting that particular suburb and surrounding suburbs greatly.” The Skyridge community will deliver up to 3,500 dwellings the community is only a mere 10 minutes drive from Robina and 15-20 minutes away from the pristine beach suburbs of Broadbeach and Burleigh Heads is one to watch in 2023 as it offers the best of both worlds “The Skyridge subdivision blocks are around 400-500sqm which is semi-small whereas Tallai has acreage blocks,” he said “People who are wanting bigger blocks and a bit of space and privacy will definitely gravitate towards Tallai “The big attraction with this suburb is the acreage lifestyle even though you’re only 15-20 minutes away from the beach “The big developments happening on the western side of the highway should provide some strength for properties to grow in capital growth.” and medical facilities are on Tallai’s doorstep with nearby Worongary and Robina Town Centre providing all the facilities you could possibly require Mr Micallef believes the northern end of the Gold Coast still has quite a bit of room to grow “Helensvale will have the big Coomera Connector coming through which will run alongside the railway line passing Helensvale station and the Westfield shopping centre,” he said “The new M2 Coomera Connector will make things much more accessible for locals particularly those commuting south.” It is expected the much-needed new highway will relieve congestion and reduce commute times on the Gold Coast Highway and Helensvale Road Helensvale is known for its abundance of local amenities and parks including Westfield Shopping Centre If you’re looking for fun activities and an aquatic centre to keep you and your family entertained PRD Chief Economist Dr Diaswati Mardiasmo said the northern corridor of the Gold Coast seems to be popular among home buyers given its more affordable price point than Brisbane “These suburbs sit in the ‘middle’ between Brisbane and Gold Coast which allows flexibility in terms of where to work [one can choose between the two cities], as well as balancing work and leisure,” Dr Mardiasmo told Savings.com.au “There are also a high level of projects coming to the area – both from a commercial and infrastructure perspective including a new hospital So these suburbs are being serviced better and better “These suburbs are also more ‘family friendly’ as they’re generally more obscured from international buyers and visitors who are more likely to prefer water-views and beach-side properties.” Dr Mardiasmo also noted these three suburbs have more housing supply compared to the southern end of the coast ultimately providing more opportunities for first home buyers *All the above data is sourced from the PRD Affordable and Liveable Report 2022 and Upper Coomera are all conveniently located 30 minutes to everything the Gold Coast has to offer including shopping The suburbs are seeing plenty of businesses invest in the region such as a new Bunnings store and Costco - location will be adjacent to Westfield Coomera Median price - Pimpama: $665,000 for houses Median rent - Pimpama: $590 p/w for houses Median price - Coomera: $743,000 for houses Median rent - Coomera: $630 p/w for houses Median price - Upper Coomera: $778,000 for houses Median rent - Upper Coomera: $650 p/w for houses Founder and Property Negotiator of Buyers Agency Hello Haus said over $7 billion worth of infrastructure projects in the area is fuelling Mermaid Waters’ growth “Mermaid Waters will benefit significantly from the key transport projects in place for the Gold Coast which includes the expansion of the Gold Coast Light Rail project from Broadbeach to Burleigh Heads,” Mr Aggett told Savings.com.au “It’s a tightly held location with strong owner-occupier appeal due to its close proximity to the beach “The suburb is also attractive due to the sub 1% vacancy rates and a10-year compounded growth rate of 10.85%.” Gold Coast Light Rail - Stage 3: $1 Billion Pacific Motorway (M1) Varsity Lakes to Tugun upgrade: $1 Billion Gold Coast Airport expansion: $347 Million Gold Coast Health and Knowledge Precinct: $5 Billion Have you got your heart set on buying your first home on the Goldie in 2023 Here are the suburbs to consider according to Dr Mardiasmo’s research While the above suburbs are not the cheapest by any means (most have a higher median price than the capital city metro) they have seen negative or lower growth in recent months thus creating new opportunities for first home buyers e.g Suburbs that do have a lower or on par median price than the capital city metro are in bold Median prices capture sale transactions from 1st January to 30th September 2022 Learn everything you need to know about buying property – from choosing the right property and home loan tips to save money and more!With bonus Q&A sheet and Crossword Hanan joined Savings.com.au in 2022 as a finance journalist she is passionate about educating young Australians Compare thousands of home loans rates and features from 100+ leading Australian lenders Speak to a broker and get help choosing the right home loan Comprehensive property information at your fingertips Hear from the experts shaping Australia's financial future A mutual bank has slashed some of its fixed home loan rates below 5% in an early sign of things to come on the mortgage market Australia's fifth largest lender has slashed variable mortgage rates for property investors When choosing a financial institution for your banking needs it’s useful to know who the major players are in the Australian banking landscape Deciding you want to buy your second slice of real estate is a big financial commitment there are a few things to consider and prepare for Buying and selling a home simultaneously can feel like an unrehearsed juggling act - 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