On February 14, 2026, an agreement was signed between the developer Altus Property Group and the Trump Organization to initiate a new skyscraper project in Australia. The project was officially announced on February 22, 2026, during a public presentation where its main parameters were disclosed.

🏙️ The project involves a tower of approximately 335 meters and 91 floors, planned in the Surfers Paradise area on the Gold Coast in the state of Queensland. The concept combines a hotel, residential units, and commercial space. According to the published specifications, the building will include about 285 hotel rooms, 272 residential apartments, and more than 3,000 square meters of commercial areas. This structure is typically used in capital-intensive projects to diversify risks and create multiple income streams.

If completed, the building will become the tallest in Australia. The current record holder is Q1 Tower with a height of 322.5 meters. According to the project data, the new tower exceeds this figure by approximately 12 meters.

📊 The Gold Coast property market was not chosen by chance. It is one of the most dynamic real estate markets in Australia. According to CoreLogic, housing prices in the region grew by more than 8 to 10 percent annually in 2023 and 2024, compared to a national average of about 6 percent. The median property price in 2025 reached approximately USD 560,000 to 600,000, while in premium coastal areas it exceeds USD 1 million.

In addition, the region faces a supply shortage alongside a stable tourist flow of over 12 million visitors per year. This creates strong demand for short-term accommodation, which explains the inclusion of a hotel component in the project.

📈 The emergence of a project of this scale primarily affects the upper segment of the market:

— Large developments with extensive infrastructure and panoramic views are typically sold at a premium to average market prices. This can support price growth in comparable properties in the area.
— In a limited-demand premium segment, new projects tend to improve product quality and expand infrastructure and services.
— For investors, such properties are often perceived as more liquid, especially when located in tourist destinations.

⚠️ Despite the public announcement, the project is still at an early stage. Construction requires planning approval and completion of all regulatory procedures. In Australia, this process can take from one to several years. In practice, not all announced high-rise projects are ultimately completed.