Tweed Mall's $907m masterplan: what it means if you are buying in Tweed Heads

Tweed Heads has spent years in the shadow of Coolangatta, just across the border. That is starting to change, and two of the clearest signs sit within a few streets of each other on Wharf Street.

The Tweed Mall masterplan

In June 2024, a masterplan received deferred commencement concept approval for Tweed Mall, the roughly 5 hectare centre on Bay and Wharf Streets. The plan, put forward by its owner Elanor Investors Group (now Kyron Capital), was valued at $907 million and includes:

• Around 1,371 apartments and townhouses across 13 buildings of up to 15 storeys
• About 45,000 square metres of retail, anchored by three supermarkets
• A 52-room hotel and around 14,000 square metres of offices
• A medical centre, cinemas, a gym and childcare

Where it stands now

In late 2026, Kyron Capital put Tweed Mall up for sale as a trading shopping centre, with the approved masterplan included. Reporting at the time said the redevelopment itself had not progressed, so what happens next will depend on the new owner.

That is worth knowing if you are buying nearby. The approval stays with the site and the vision for a bigger, busier town centre is on the record, but the timing is now open.

The Boat Harbour tower

A few streets away, Briscoe Hotel Group's plan for a 14-storey building with 72 apartments and ground-floor retail at 3-7 River Terrace, backing onto Wharf Street, was approved by the Northern Regional Planning Panel in June 2025. It was the first approval in the Southern Boat Harbour precinct. I have not yet seen a construction start announced.

What it means for buyers

Amenity first, then value. A centre with supermarkets, health, childcare and entertainment on the doorstep changes how a suburb is valued. The streets within an easy walk of Wharf Street are the ones to watch as these plans firm up.

Buy for today, treat the plans as upside. Approvals can sit for years and change hands. I would never pay a premium for a project that has not started. Buy a property that works for you as the area is now, and let any future town centre be a bonus.

More apartments are coming in time. Between the two approvals there are well over 1,000 new homes on paper. If you are buying an apartment, think about what could compete with it for buyers and tenants over the next decade. Freestanding houses on usable land nearby do not face the same competition.

Check what is approved around you. Before you make an offer, look up what is approved, and what could be, near any property. The NSW Planning Portal and Tweed Shire Council's DA tracker are the places to start.

What my clients do

My clients look at the pocket before the property. In Tweed Heads that means walking the streets around Wharf Street and the Boat Harbour at different times of day, checking the planning maps, and asking how each home would sit alongside a busier town centre, whenever it comes.

The bigger picture

Coolangatta went through this two decades ago, when towers replaced the old beachfront motels. Tweed Heads is earlier on that path, and it sits in New South Wales, so different rules apply if you are moving from Queensland. Our guide to buying across the border covers the differences.

If you are weighing up Tweed Heads, or want to know which streets I am watching, book a 30-minute call.

General information only, not financial or legal advice.

Sources: NSW Planning Portal, Tweed Mall redevelopment concept plan; The Urban Developer, 6 October 2026; NSW Planning Portal, 3-7 River Terrace mixed use development; The Urban Developer, 17 October 2025; The Urban Developer, July 2024. Header photo: Point Danger and the Tweed River by John Robert McPherson, CC BY-SA 4.0, via Wikimedia Commons.