THE Crowne Plaza and Gold Tower is the latest Gold Coast hotel to be placed on the block on the back of red hot interest in the city’s hotel market. The buoyancy of the Gold Coast market is also believed to have prompted ANZ and Brookfield Multiplex to exit their Hilton Surfers Paradise Hotel and […]
THE man who snapped up Nathan Tinkler’s Gold Coast racing operation has also forked out $7 million on the Soul penthouse. Hong Kong billionaire Tony Fung beat out four other bidders, including veteran tourism industry player Frank Picone, to secure the four-level apartment at Saturday’s auction. The penthouse was sold by receivers and managers PricewaterhouseCooper […]
GOT $60 million? You could own one of the city’s newest five-star hotels. The Hilton has joined the list of top-rung Gold Coast properties put up for sale as the falling Aussie dollar and low interest rates spur on local and foreign buyers. A sale of the Surfers Paradise Marriott Resort and Spa — whose […]
INTERNATIONAL architect Paul McMillan has sold his Paradise Waters mansion for $6.6 million – the highest price for a house in Surfers Paradise for more than a year. The luxurious three-storey home at 117 Commodore Drive sold earlier this week in a deal negotiated by McGrath Estate Agents’ James Ledgerwood and John Natoli in conjunction […]
The Australian Government (based in Canberra, Australia’s capital city) is aware of the fact that some of Australia’s citizens are cautious about foreign individuals or companies buying residential real estate (defined as all Australian real property, including vacant land). It wants to ensure that the foreign real estate ownership it does allow is of benefit […]
NEW statistics unearthed by a parliamentary committee reveal the extent of the gaping holes in Australia’s attempts to regulate soaring levels of foreign investment in established property amid a raging debate over the effect of Chinese buyers. The Foreign Investment Review Board has been forced to reveal it has issued just 17 orders for foreign […]
Purchase of Australian Property : FIRB Approval & Process The Australian Assistant Treasurer announced significant changes in April, 2010 to the rules surrounding the purchase of established (ie. previously occupied) residential housing by temporary residents, and the rules surrounding the purchase of vacant land. Temporary residents were again required to seek Foreign Investment Review Board […]
Queensland home owners are falling behind in their mortgage payments at one of the fastest rates in the country, with the Gold Coast and Brisbane CBD among the worst spots. Queensland home owners are falling behind in their mortgage payments at one of the fastest rates in the country, with the Gold Coast and Brisbane […]
An REIQ graph charts the rise and fall in numbers of Queensland first-home buyers over the past decade. VIEW THE GRAPH IN FULL Photo: Courtesy REIQ After two years waiting on the proverbial sidelines, Queensland first home buyers have returned to the property market, according to the Real Estate Institute of Queensland. Nearly 20 per cent of […]
Queensland’s luxury and holiday property market continues to favour buyers, with sellers forced to significantly drop their price expectations after the global financial crisis. But agents say that this spring, things are looking up. “The luxury market in Queensland has changed quite dramatically in the past six months,” says the Director of Unique Estates, Nicolette […]