Conversely, the greatest gains were made in the western suburbs. Mudegeeraba came in on top with a 19% gain, followed by 18% in Tallai, 14% in Oxenford and 11% each in Helensvale and Nerang. Elanora also saw significant gains, up 15%.

You can view a full breakdown of values here on the Department of Environment & Resource Management website.

It remains to be seen what effect these valuations will have on Council rates.иконииконописikoniбългарски икони

Pearls bought the Christopher Skase-developed property from Raptis Group recievers last year for $62.5m.

Importantly, the amendments maintain that the development must achieve a Green Building Council of Australia five-star, Green Star standard for the offices and apartments and five-star National Australian Built Environment Rating System (NABERS) rating for the hotel.

When discussing the amendments, Committee Chair, Councillor Ted Shepherd said:

“We want to ensure that Main Place offers its future occupants, and the city, a high standard in sustainability. Added to its proximity to the light rail will make this an attractive place to live, stay, shop and play.”

With the completion of The Oracle building earlier this year and with Hilton and Soul approaching the end of construction, Council view the commencement of work on the site as a priority to the local construction industry and economy as a whole.

Artist's Impression of Main Place Development

“At this stage, there is no definite start date for onsite construction at Pacific Fair as we continue with planning, design and a range of negotiations. As with many in property development, the global financial crisis did impact our plans for our shopping centre portfolio, and we spent this time preparing for Pacific Fair’s development as well as a number of others.”

It is believed that negotiations between Gold Coast City Council and AMP Capital surrounding infrastructure charges are one factor behind the delay.

Direct connection would mean Gold Coast users could bypass the existing underground fibre-optic link to Sydney; this could reduce the cost of global data transmission for businesses, improve communication reliability and efficiency.  The move would also strengthen the Gold Coast’s attempts to be seen as a regional IT hub and to fast-track delivery of the National Broadband Network for the city.

When asked about his decision he said that by integrating Location Location – which was heavily focused on beachside apartment sales – into the Ray White franchise he has able to increase his control over the Broadbeach unit market and complement it with a very strong position in the surrounding suburbs’ housing and prestige markets.

The power of the Ray White brand name is already paying dividends in terms of gaining corporate and receivership business too:  “As Location Location, even though we were capable of doing the work, we had to spend a lot of time convincing corporate sellers why they should use us, whereas with Ray White they are already familiar with the brand, and know the benefits that come with it.”

It’s also proving a huge boon for attracting staff, and Mr. Malan has reported that a number of high profile local agents have recent approached him with an eye to joining his team.

The sale brings to an end the uncertainty surrounding one of the Gold Coast’s highest profile agencies, and should assist in returning confidence to a recovering market

Unsuccessful in attempts to sell off some of his holdings, St. George Bank have appointed recievers to handle the sale of three significant holdings.  These comprise of the Iridium and Insignia sites in Southport; slated for 43- and 44-level towers respectively, and a 61 hectare parcel of land at Arundel, slated for a championship golf course that has been promised to the residents of Tee Trees Estate since 2001.

It has been reported that, in addition to his commercial holdings, Mr. Ingles’ $15m Tallai mansion has been placed on the market as well.Идея за подарък

Designed to ‘de-clutter’ the space, the redevelompent makes provision for dynamic coloured LED lighting, raised busking platforms and more shade trees.  The need for the upgrade has been almost universally accepted already, as the space is beginning to look tired – especially compared to the freshly upgraded foreshore and new Soul commercial space.

Surfers Paradise Councillor Susie Douglas is hoping that the remaning funding will be allocated in this years’ budget.