Markwell In The News

Gold Coast lines up $10bn worth of development 

$10.5 billion worth of infrastructure development is still to be delivered to the Gold Coast, following the Common Wealth Games, along with $20bn in residential developments. See Full Article.

Citimark defies the market, secures $200 Million to fund new tower

BRISBANE-based Citimark Properties has secured $200 million in funding to add a new gem to the Surfers Paradise skyline. Construction on the 46-level 210 apartment Markwell Residences is due to begin in the new year. View Full Article.

Developer forced offshore for loan as big banks punish Gold Coast despite low rental vacancy rates

The developer of the $200 million, 210-apartment project, Markwell Residences, at Surfers Paradise has just secured funding, but had to avoid the big four and go offshore for a loan. View Full Article. 

Gold Coast developers head offshore for funding

For only the second time in 26-years as a developer, Citimark joint managing director Angus Johnson said he had been forced to go offshore to get finance for the company’s $200 million Markwell Residences project at Surfers Paradise. View Full Article.

Juicy returns see Gold Coast becoming a hot spot for investors 

INVESTORS are flocking to the Gold Coast to make a buck, with inflated rents guaranteeing properties will pay for themselves. View Full Article.

Markwell Residences Surfers Paradise Selling Strongly 

Citimark Properties expects to have permission for a reconfiguration of the $175 million Markwell Residences project within two weeks after this week locking in the 100th sale at the Surfers Paradise landmark project. View Full Article.

Gold Coast development sector’s run into Comm Games faces slowdown from “credit crunch”

FINALLY out of the recovery blocks, the Gold Coast development sector’s run into the 2018 Commonwealth Games is now facing a slowdown. Tighter lending conditions for construction and development have begun to impact the Glitter Strip’s property industry just as it started to hit its stride again. View Full Article.

Gold Coast apartment sales up 80% but banks refuse to lend

New apartment sales on the Gold Coast have increased 80 per cent year-on-year but developers still can't get the big banks to finance developments on the glitter strip. VIew Full Article.

The Australian – Glittering times returning: Gold Coast developer Angus Johnson

Angus Johnson has $1.8 billion worth of confidence in the southeast Queensland market, and it starts with the Gold Coast. View Full Article

The Urban Developer – Citimark to build 755 Apartment Gold Coast Towers

Queensland developer Citimark has lodged an application for a 755 apartment project at 34 Markwell Avenue, Surfers Paradise. View Full Article

Financial Review – Gold Coast in Citimark sights as banks return

Queensland developer Citimark has lodged an application for 775 apartments at Surfers Paradise, building up its workbook of high-rise apartments at the Gold Coast to almost $1 billion. View Full Article

Gold Coast Business News – Citimark sees $1B as a sure bet on gold Coast

AFTER more than two decades focusing on greater Brisbane and interstate markets, Citimark Properties is preparing to take a $1 billion plunge on the Gold Coast over the next five years. View Full Article

The Gold Coast Bulletin – The traditionally ‘lowrise’ Chevron Island could soon be home to a new 21-storey highrise.

CHEVRON Island will undergo a development renaissance, with plans for the pocket suburb’s largest highrise on the drawing board. View Full Article

The Gold Coast Bulletin – New 67- storey tower planned for Surfers Paradise

BRISBANE developer Citimark intends taking its level of faith in the Gold Coast to new heights with ‘world-class’ twin towers, one of them 67 storeys, side by side in Surfers Paradise. View Full Article

The Australian – Citimark to build two Gold Coast Towers

Brisbane-based developer Citimark has joined the rush of renewed confidence in the Gold Coast with a 755-apartment development in Surfers Paradise. View Full Article