In approx. 2004 Consolidated Properties lodged an Application for Preliminary approval for a residential master-planned community, namely Coolum Lakes, on a 387 hectare flood plain at Coolum West, then owned by Jay Chandler. Council and the State Government did not support the development and it rightly did not proceed. Despite this, Consolidated Property Group continued speculatively to buy up parcels in the floodplain to now have a 510 ha holding (‘the site’).

Questionable representations made by the developer to have his holding included in the Urban Footprint in ShapingSEQ were appropriately not supported. In mid-2017, Consolidated Properties subsequently announced its intention to progress an application to operate a sand mine under the Key Resource Area designation over a large portion of the site. This did not proceed.

Consolidated Properties' objective is still to turn the site into an extensive residential/commercial development with the ‘wave pool’ component simply the marketed ‘Trojan horse’ for urban development.