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Tower projects could fail to materialise in Gold Coast’s overcooked apartment market, but one developer says strong demand for smaller luxury apartment projects will shore up its half-a-billion dollars in commitments on the Glitter Strip.
Mosaic Property Group is banking on the ongoing success of the Coast, lodging plans for a 29-storey apartment tower at Broadbeach—its sixth project launched in the past four years.
It takes the south-east Queensland developer’s commitments to almost $500 million in the Gold Coast market, with a solid leads book of buyers waitlisted for sister projects Dawn and Bela.
Stock on the Gold Coast market is at an all-time low in 2022 as apartment prices continue to climb. A two-bedroom apartment is now going for an average of $660,415, chalking up a 32 per cent increase during the past 12 months. More property changed hands on the Gold Coast last year than in its history.
And while many developers are scrambling to file development applications ahead of proposed town planning changes, Mosaic chief operating officer Marina Vit believes many of the luxury projects will “fail to materialise”.
She says buyers are becoming more wary of developers who do not have a proven track record of delivering in the Gold Coast’s infamous boom-bust market cycles.
“We believe the Gold Coast apartment market will soften from the highs seen during the past 12 months in terms of volume of luxury sales,” Vit says.
“We also believe that many of the projects mooted to be delivered from Surfers Paradise through to Rainbow Beach over this next two years will fail to materialise. This will in turn keep stock levels much tighter than many are anticipating.
“It will be the developments that can meet the market and deliver against their increasingly specific and evolving needs and wants, as well as reputation, financial strength and delivery capability, that will be most successful … the market trusts that we will deliver what we promise based on our track record.”
Vit says Mosaic is committed to the Gold Coast apartment market with a bank of buyers lining up for its next development at Surf Parade in Broadbeach.
“Even now, we have a substantial list of buyers who have been waiting for us to deliver another development of such calibre in this part of the Coast.
“Buyers are increasingly wary about who they choose to buy from given the considerable ongoing delivery risk concerns with developers that don’t have a long track record of delivering projects through various market cycles.”
▲ Mosaic’s Dawn at Mermaid Beach on Queensland’s Gold Coast. 
“There is strong demand for luxury projects of less than 100 apartments from reputable developers with a strong track record. Both Bela and Dawn sold out in record time, with a long waitlist of buyers.
“This is an exceptional, rare site—the best non-direct beachfront site in the area in our opinion, with uninterrupted ocean views to the north-east and south-east over Nikiforides Family Park.”
It’s the second time Mosaic has teamed up with Plus Architecture after collaborating to deliver Dawn at Mermaid Beach.
The 29-storey tower proposed for the 1488sq m site at 146-148 Surf Parade will comprise a total of 96 apartments. Vit says the apartment floorplates will be varied to accommodate different demographics of owner-occupiers.
“We are focused on a highly considered design that will stand the test of time and is respectful to the local context,” Vit says.
“Residences are spacious and highly functional. And of course, there are an outstanding level of exclusive lifestyle amenities on offer within the building, in addition to on-site concierge services.
“We are also continuing to evolve and hone our approach to sustainability across all of our developments. We will be implementing a range of meaningful and measurable initiatives in the design and ongoing maintenance of the building and the homes within.”
It follows a slew of development applications Mosaic has filed across Brisbane and the Gold Coast recently, including an 81-apartment tower in East Brisbane.
There is just three months of apartment supply on the Gold Coast and pent-up demand for apartments on the Gold Coast continues to grow. More than 2500 apartments are expected to come online in the first half of this year according to Urbis’ apartment market research, but the city needs about 6000 new dwellings each year to meet demand.
“If you simply look at projected population growth and housing supply, we are at critically low levels right across south-east Queensland, so the demand will continue as people need homes,” Vit says.
“We have invested just under half-a-billion dollars across six launches within four years. This demonstrates how committed and passionate we are about the region’s opportunity. And we will continue to do so, given the confidence we maintain in this market’s future.”
But as construction costs escalate and the high-profile collapse of builders continues to plague the development industry, uncertainty will likely linger over projects in the notoriously volatile Gold Coast market.
 
Article Source: www.theurbandeveloper.com

RetireAustralia’s plans for the $40-million third stage of its The Verge project on the Gold Coast have been approved.
The stage will include 62 independent living units as well as a care hub with 10 to 12 beds.
The O’Neill Architecture-designed project at Burleigh Heads is RetireAustralia’s 28th project nationally.
The first stage of the project comprised 40 independent living units while the under-construction second stage of 66 units is is scheduled for completion early next year.
The care hub will provide 24-7 support for the residents with Registered Nurse oversight and options for pallative care.
RetireAustralia’s chief executive Brett Robinson said it was important that people were able to age in place and live as much of their life in the same environment while being able to do what they wanted.
“They can live their life how they wish and receive the care they need in their home,” Robinson said.
“And we can provide the support they need if they have to step into a high-acuity environment without them needing to leave the community.”
RetireAustralia has more than 5500 residents and 6000 staff and a pipeline of more projects— it owns, develops and operates all of its projects and leases units to residents.
RetireAustralia has three projects currently under construction—a 92 independent living unit project at Tarragindi in Brisbane, and the final stages for Forresters Beach and The Rise at Woodglen, both on the Central Coast.
The second stage of The Rise has completely sold out with 24 independent living units and 34 under construction in the third stage.
The Forresters Beach Villas project will have 22 independent living units across its seventh and eighth stages.
The company also has several projects in the planning assessment phase including amended plans for the Tarragal Glen Manor project, also on the Central Coast.
It was initially proposed to comprise 54 assisted-care homes in a four-storey building on 110 Karalta Road site in Erina.
The project was approved in 2019 but after assessing market demand in the area for assisted care units, RetireAustralia opted to modify the proposal.
The new proposal comprises 42 self-care apartments for the site and a mix of 33 two-bedroom units and nine three-bedroom units with 14 units per floor on three of the four floors.
The ground floor will have amenities and 38 car parking spaces.
RetireAustralia is also working on a masterplanned community with vertical living units and a care hub in conjunction with EDQ at the Parkside Yeronga project.
Other projects include the Fancutts project in Lutwyche in Brisbane which will have more than 200 independent living units and a care hub, and a project in Land Cove, Sydney with more than 100 independent living units.
The first stage of the Glengara Care project in NSW is now complete and selling.
 
Article Source: www.theurbandeveloper.com

They’ve long housed the lion’s share of lavish Queensland homes but now, after 24 months of exponential growth, medians across a handful of Queensland’s priciest suburbs are outpacing even San Francisco.
Sunshine Beach stole headlines late last year when house price medians soared to $50 shy of $3 million, but just as all eyes turned north to the Sunshine Coast suburb, a smattering of other “millionaire rows” across Brisbane and the Gold Coast also strengthened their hegemony in the luxury market.
They clocked up an eyewatering annual growth of up to 58 per cent, with Mermaid Beach on the Gold Coast, alongside Brisbane’s New Farm and Teneriffe, collecting record median highs of more than $2 million according to Domain’s latest House Price Report.
Global events in the last two years have fuelled Queensland’s house price growth as prestige buyers seek a change in lifestyle. Photo: Supplied
The Gold Coast’s Paradise Point and Surfers Paradise, with Brisbane blue-chip suburb Ascot, were hot on their heels following a growth spurt that pushed medians north of $1.8 million.
Incredibly, they’re figures that are comparable – or even higher – than the San Francisco County median of $A2.174 million, according to the California Association of Realtors.
And with the “Zoom change” trend drawing more remote workers to sunny Queensland, more suburbs could soon enter the exclusive list.
According to the report, Mermaid Beach is now the second most expensive suburb in Queensland – after Sunshine Beach – following a 42.6 per cent hike in the median house price to $2.375 million in December 2021.
Affluent suburbs within Brisbane and the Gold Coast have seen house prices grow up to 58 per cent in the last year. Photo: Supplied
And while the prestigious pocket is sans a Golden Gate Bridge, it does house the famous Hedges Avenue – colloquially known as “millionaire’s row”.
Boasting absolute beachfront properties where not even a path separates the palatial palaces from the dunes, the exclusive strip maintains the Gold Coast’s highest house sale at $27 million, achieved for 33-39 Hedges Avenue in 2008.
“I think there’s been a reset of people’s minds globally about what they want [as a result of the pandemic],” says Alex Caraco of Raine and Horne Elite.
“A lot of people are not satisfied with their life and then when there’s a war people do assess things very quickly. So, there’s definitely a lot more interest in the Gold Coast market [right now].
“People genuinely believe they want the best and the best is Hedges Avenue … and they are no longer coming here to buy and sell a holiday house, but to live.”
It’s a sentiment that allowed Nine Gold Coast news co-presenter Eva Milic, and her property developer husband Marcus Dore, to offload their Hedges Avenue beach house in an off-market deal worth $14.5 million in January this year, and it’s one Caraco says is already fuelling strong interest for a four-level mega-mansion he’s marketing for $20 million at nearby 17 Hedges Avenue.
17 Hedges Avenue Mermaid Beach QLD 4218
“Just the size of the home is remarkable. It’s 817 square metres … it has a lift inside and it’s made of concrete and master-built,” Caraco says.
“Generally speaking, the shortage of inventory on the street makes this home quite special. And it last sold 15 years ago.
“I’ve had 56 inquiries on the property so far … four of those are currently selling in Sydney and Melbourne.
“I also have Dubai and UK buyers looking here.”
Up in Brisbane’s Teneriffe, where the land alone is worth its weight in gold, Ivo Kornel and Olivia Plimmer-Wilson, of Sixty Four Property, are marketing a luxurious 1900s estate at 58-62 Kingsholme Street for circa $10 million.
“It’s a truly special home … it has that sense of history but you also feel like you’re in the Hamptons on a Brisbane budget,” Plimmer-Wilson says.
58-62 Kingsholme Street, Teneriffe QLD 4005
While the home was launched to the market just weeks ago and can be viewed via private inspections only, she said the size of the block – 1151 square metres – made this estate a rare gem in a suburb where large parcels were increasingly being carved up.
“Homes like these don’t come up very often … and I think the good thing about New Farm and Teneriffe is they are suburbs that, even in a bad market, retain their value,” she says.
“Over the past two years they have seen a huge spike and since then it has not slowed down but they have found their footing.”
That footing is a house price record median high of $2.15 million – a figure that climbed 30.7 per cent last year.
Back down on the Gold Coast, in another of the city’s “millionaire rows”, Sam Guo and Julia Kuo, of Kollosche, are marketing a waterfront mansion at 60 Admiralty Drive, Paradise Waters, for $13 million-plus and said the incredible views added to the star-power of the street.
60 Admiralty Drive Paradise Waters QLD 4217
“I think the Gold Coast has just taken off. It has been undervalued for many years and buyers believe that here it’s nice, it’s cheaper [compared to Sydney and Melbourne] and they get a much better lifestyle,” Guo says.
With more and more Gold Coast suburbs set to join the $2 million median club and outstrip the San Francisco median, that “cheap as chips” belief could, however, become a thing of the past.
“We are seeing increased international interest … and now that the borders have opened [we’ll see even more],” Guo says.
Over the past 12 months, median house prices in Paradise Waters climbed an astonishing 58.3 per cent to $1.9 million.
 
Article Source: www.domain.com.au

After over 12 months of a rigorous design process, KTQ are announcing Serēn, a hotel and apartment tower in one of the best spots in Surfers.
It’s a development that’s been over two decades in the pipeline, and it’s set to provide local and interstate prestige apartment seekers, and even tourists, something the Gold Coast hasn’t seen before.
It was before the turn of the Millennium that the family behind the luxury hotel operator and apartment developer, KTQ, led by the visionary developer Peggy Flannery, started buying apartments on the dress circle Garfield Terrace, fronting Surfers Paradise beachfront. KTQ has now amassed a huge 2,000 sqm corner site.
And now, after over 12 months of a rigorous design process, KTQ, who are behind the likes of Elements of Byron Bay and the Kirra Point development in Coolangatta, are announcing Serēn, a hotel and residences tower in one of the best spots in Surfers.
Serēn (pronounced serene), will comprise an independent luxury, 60-room hotel, with some suites offering over 100 sqm of living space. The hotel will occupy levels three to six, then above is the hotel and the residences pool and recreation decks. Then above the level nine wellness level are the 60 residences, the smallest on offer spanning a huge 350 sqm and offering three-bedrooms and a multi-purpose room.
Toward the pointy end of the 42-level tower will be full floor apartments and a special two-level penthouse.
The second level, above a new oceanway and fronting the beach, will feature a world class restaurant and bar, with gun-barrel views over the beach and the ocean and south to Coolangatta.

“Serēn furthers KTQ’s commitment to developing a legacy of superior properties that align with our values and aspirations,” KTQ Director Peggy Flannery said.
“We are delighted to be creating something truly inspired for this site with this exceptional team we have assembled.”
Serēn is the brainchild of Little Boat Projects, the design-led studio headed by architects Michelle Donnelly and Mark Damant, who worked with the national architecture firm Bates Smart, the first Gold Coast project for the renowned practice.
Speaking to KTQ’s Development Director Jeremy Holmes, it’s evident KTQ and the design team has considered every little detail.
There will be little to no crossover between apartment residents and hotel guests, with seperate entry’s, separate beach-facing swimming pools, and separate lift lobby’s. The only thing they’ll share is the wellness centre on level nine, which will feature an impressive gym and day spa, as well as the restaurant and bar, which will be available to the residents, hotel guests, and the general public. This  will all be operated by KTQ once construction is complete.
The residences and hotel crossover will also see residents benefit from the hotel’s concierge team. They can order room service from the restaurant, have taxis booked, and call on housekeepers come to their residences, among other complimentary services.
Holmes says the apartments will attract two different camps; owner-occupiers who may want to downsize or relocate to the beachfront, or fly-in, fly-out business people who might have the apartments as a coastal holiday home.
“Imagine you’re in one of the eastern seaboard capitals. You can have a housekeeper freshen the sheets before your arrival, have a bottle of your favourite wine airing, and even pre-order room service from the restaurant below.”
Proof of the extensive consideration to every element of the apartment design is evident immediately. Out of the private lift lobby is storage, big enough to fit a surfboard or beach supplies.
Entry to the apartments is located in the middle of the apartment plan, but the clever design of the apartment means residents are welcomed with immediate ocean views, with the eye-line on arrival looking through the main living areas out to the ocean. An ocean-facing balcony opens from the lounge. Before getting to the living space there’s a sand room for a post-beach dust down.
The multi-purpose room has been designed to offer a potential second living space, or guest room, which opens up to a second outdoor area, again featuring a clever design which can protect it from the elements. Dubbed a Belvedere, the 20 sqm space, which will home an outdoor barbecue kitchen, can be closed off to the wind and the rain, but still make residents feel like they’re outside.
Two of the bedrooms are located at the rear of the apartment, both with five metre frontages of floor-to-ceiling windows to take in the views over the Nerang River and to the hinterland. The enormous master is at the front of the apartment, with its own walk-in wardrobe and ensuite. – spruce it up
“As a client, KTQ continuously challenges and reinvents preconceived notions around what a building and development should be. Peggy approached this project as if she was designing something completely personal,” Little Boat Projects Founder and CEO, Michelle Donnelly, said.
“It was very important for her to envisage going on holidays or living at Serēn, occupying the space as if it was her own home.”
 
Article Source: www.urban.com.au

Morris has had the site since 2006, and has cleared the old two-level, four-apartment building on the 607 sqm site.
One of Queensland’s longest standing property developer and builder, Morris Property Group, is continuing to bulk up its Gold Coast apartment pipeline.
It’s still focused around the Broadbeach area, with Morris, led by the veteran developer Barry Morris, set to lodge plans for Malo, a nine-level tower at 8 Jubilee Avenue, near Federation Park. There will be just 16 three-bedroom apartments.
Morris has had the site since 2006, and has cleared the old two-level, four-apartment building on the 607 sqm site.
The project has been designed by Canberra based architects Guida Moseley and Brown.
The building will also offer ground floor amenities and three levels of underground parking.
The building has been designed to complement the surrounding area’s architecture seamlessly. The site neighbour’s previous MPG projects, Qube and Synergy, and will be the group’s ninth Broadbeach project.
As the group continues to lodge plans for high rise residential developments, the proposed project will position itself in the market for buyers seeking a modern Broadbeach apartment in a low rise building.
In the pipeline for Morris Property Group is Crest Broadbeach, a 37-storey residential tower on Armrick Avenue providing 157 two and three bedroom apartments.
MPG has also consolidated a site at 1873-1875 Gold Coast Highway Burleigh Heads, with a DA expected to be lodged in the coming weeks.
 
Article Source: www.urban.com.au

It’s been a phenomenon driven by local buyers, with a vast majority of Yves purchasers coming from within a 50-kilometre radius of Mermaid Beach.
Gold Coast locals have descended on Melbourne developer Hirsch & Faigen’s third Gold Coast apartment project, Yves.
The Mermaid Beach development is now 50 per cent sold since its launch, which has prompted Hirsch & Faigen to bring forward construction, which will be handled by Hutchinsons, to May.
Most of the buyers have been local to the Gold Coast, the majority coming from within 50km of Mermaid Beach.
Yves7-9 Mermaid Avenue, Mermaid Beach QLD 4218
“Many of these buyers are local downsizers, and even some local first home buyers, all of which have been enticed by Yves proximity to key amenities including the beachfront, Pacific Fair, the Gold Coast Highway and Broadbeach, while remaining secluded in its own private pocket,” Hirsch and Faigen’s QLD Sales Manager, Alex Jokovich, said.
“I think the locality of buyers we’ve welcomed is a huge testament to Yves’ appeal to discerning locals who have a deep appreciation and understanding of the projects positioning in one of the coasts’ most coveted residential addresses.”
Designed by Rothelowman, Yves will rise 26 levels at 7-9 Mermaid Avenue and comprise 145 apartments.
Hirsch & Faigen Co-Founder Daniel Faigen said, as with each of their Gold Coast projects, they wanted to create something that differentiated them from the market.
“I think the sales we’ve achieved to date are a strong indication that our aptitude for quality design and remarkable architecture are resonating with buyers.”
Prices for remaining Yves apartments range from $875,000 to $2.495 million.
Yves’ ultra-exclusive penthouse collection remains for sale, offering 335 sqm of living space. Prices for the penthouse collection range from $4.25 million to $5.5 million.
The brief shelf life of Hirsch and Faigen product has become a family narrative across the coast, after the developer notched successive sell-outs in its first two forays onto the Gold Coast – in Hemingway Palm Beach and Emerson Kirra.
“Given the rate with which apartments have been purchased to date, we expect the remaining apartments to sell out fast,” Jokovich added.
Yves will feature an array of residents only amenities, which will feature a 20-metre lap pool, children’s garden, fully equipped gym and yoga studio, wellness spa and sauna, as well as a private rooftop sky lounge and wine bar.
 
Article Source: www.urban.com.au

COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.
Sydney-based luxury developer Sammut Group has signed Australia’s largest builder Multiplex to construct its debut Gold Coast development, the $200 million absolute beachfront, COAST, at Garfield Terrace.
The appointment comes on the heels of the premium apartment project achieving a sales record for the Gold Coast with an average price of $5.25 million per apartment recorded as buyers flocked to the development following its release late last year.
COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.
Buoyed by strong sales, Sammut Group, which is undertaking the development in partnership with financier Alceon Group, is now looking ahead to the delivery phase of the luxury beachfront tower.
“The appointment of Multiplex as our building partner for COAST is a significant milestone for this landmark development,” said Sammut Group CEO Allen Sammut.
“After achieving exceptional sales success, we are now progressing to construction of our vision to create the Gold Coast’s premier residential address, firmly supported by one Australia’s most experienced builders.”
Multiplex has been responsible for the delivery of several of Southeast Queensland’s most high-profile developments, including Destination Gold Coast Tower 2 at Star Residences, Queens Wharf Brisbane, Jewel Gold Coast, and the W Hotel Brisbane.
Coast 43 Garfield Terrace, Surfers Paradise QLD 4217 
The appointment to deliver Sammut Group’s $200 million COAST will add to the builder’s already strong pipeline of projects in Queensland.
“We are delighted to be working with such a well credentialled developer as Sammut Group on such an iconic development for the Gold Coast,” said Multiplex Regional Director, David Redding.
“COAST will be a defining benchmark for the Gold Coast, and we look forward to leveraging our extensive track record of delivering high quality projects across Australia to bring this striking residential collection to life.”
Sammut Group COO Julian Sammut said the company was looking forward to taking the next step in bringing the project to life for buyers.
“This is an exciting project for us, being our first in Queensland, and we are looking forward to breaking ground on Gold Coast soil in the coming weeks,” he said.
COAST will deliver a suite of beachfront residences over 35 levels to the Surfers Paradise beachfront, contained in a striking tower designed by PBD Architects.
The appointment of Multiplex is a major employment boom for the Gold Coast with the project expected to employ approximately 400 workers during its construction period.
“We take very seriously the jobs creation that is afforded to us through securing such quality projects,” said Mr Redding.
Just eight apartments remain to be sold at COAST, the first for Sammut Group on the Gold Coast after three decades of delivering premium-project excellence in iconic locations across Sydney.
The multi-award-winning developer has incorporated a wealth of resident amenities in the COAST design, including a 32-metre pool that wraps around the exterior of the building along the entire eastern and northern frontages.
This will be accompanied by a cabana and lounges, a barbecue entertaining area, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar with breakout areas and a commercial-sized gym.
COAST has ignited the imagination of buyers, setting a new price record for sub-penthouses twice on the Gold Coast, one for $8.775 million and then another for $8.95 million – both of which sold to interstate buyers.
 
Article Source: www.urban.com.au

Apartments prices on the Gold Coast have jumped over 20 per cent since 2019.
The Gold Coast apartment market is continuing to see elevated demand.
The property data house, Urbis, noted in their Q4 2021 market report that Gold Coast growth outstripped Sydney over the past two years, growing 14 per cent from 2020 to 2021, compared to Sydney’s 11 per cent.
Apartments prices on the Gold Coat have jumped over 20 per cent since 2019.
Pezet Matheson Director Todd Matheson says there very much still plenty of demand for apartments on the Gold Coast, there’s just a few less project launches as developers seek to be in the most stable position as possible before launching.
“What we’re now seeing is developers getting all of their ducks in a row before launching their project,” Matheson said.
We’ve wrapped up what’s happened on the Gold Coast in March.
Drew Group start taking sales at Lagoon Main Beach
The longstanding South East Queensland developer, Drew Group, is already started to attract a lot of interest at their landmark Main Beach apartment development, Lagoon Main Beach.
Lagoon Main Beach | Sunrise Tower 11-23 Cronin Avenue, Main Beach QLD 4217 
The first tower to launch in the dual-tower development, in the heart of Main Beach at 11-23 Cronin Avenue, is Sunrise Tower, which will comprise 148 apartments of the total 259 apartments on offer. Sunrise Tower is the larger tower, at 33 levels.
Jonathan Drew, who heads up the developer Drew Group, says locals were at the forefront of his thinking during the design process.
“As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this notion will be the central focus throughout the project until future residents move in,” Drew said.
Siera launch Tapestry on Chevron Island
The hotly anticipated Chevron Island apartment development, Tapestry, which was designed to reflect the growing cultural and arts precinct just off Surfers Paradise, hit the market in March.
Tapestry, Chevron Island39 Darrambal Street, Surfers Paradise QLD 4217
The 22-level project, on the prized east-side of Chevron Island at 39 Darrambal Street, is being developed by the Brisbane-based Siera Group, led by Brent Thompson, who sits on the board of UDIA QLD and chairs the Brisbane City Council Policy Committee.
The tower was designed by the local architecture firm BDA, whose brief was to merge art with architecture.
KTQ bring forward Kirra Beach Hotel redevelopment
The redevelopment of the Kirra Beach Hotel, the large scale $380 million project by the luxury apartment developer and hotel operator, KTQ, is set to be delivered well ahead of schedule.
Rather than delivering the vast project in three stages, KTQ, led by Peggy Flannery, will be delivering the development as a single and final stage, which will bring forward project completion by three years.
Miles Residences Kirra Point | PenthouseCorner Miles Street and Marine Paradise, Kirra QLD 4225
KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments, apartment from the luxury $16.75 million penthouse, snapped up within just a few months.
Chapter Two secure approval for Holm, Rainbow Bay apartments
Holm44-50 Eden Avenue, Rainbow Bay QLD 4225
Coolangatta’s Rainbow Bay area has arguably been the hottest proposition for apartment seekers since the pandemic drove the masses toward the Gold Coast.
Local and interstate buyers were swooping on anything that came on to the market, and even before then, with a number of developers securing sell outs before the general public could even enquire.
Chapter Two, a development group led by Jon Quayle and Oliver Bagheri, in collaboration with Summa Group, identified a gap in the market with their newly approved Eden Avenue project, Holm.
Horan Group set for Broadbeach apartments
The Brisbane-based Horan Group is branching out to the Gold Coast.
They’re starting in Broadbeach, where they’ve had DBI Architects submit plans for a 28-level tower at 11 Rosewood Avenue, Broadbeach.

Dubbed ROSEWOOD, the project will have 120 apartments.
Cielo Group launch first Gold Coast project in Bilinga
The Brisbane-based Cielo Group has taken advantage of a short supply for prestige apartments in the small, tightly held Gold Coast suburb of Bilinga.
Cielo Group, led by Justin O’Donnell and Azemm Dannaoui, had been looking for an opportunity to break in to the Gold Coast for about year, before finding the 503 sqm site at 55 Golden Four Drive, just north of Kirra’s dress circle Musgrave Street.
Bloom55 Golden Four Drive, Bilinga QLD 4225
GV Property Group sold the site, with plans by Boris Design for a six-level building with five apartments, ranging in size from two and four-bedrooms, with some of the bigger four-bedders spanning two levels.
Raptis submit Broadbeach tower plans
Following the recent completion of the sell-out Gallery Residences, Gold Coast developer Raptis is moving on to its next Broadbeach project.
They’ll be seeking to develop a 41-level tower on over 1,820 sqm at 42-46 Chelsea Avenue, an amalgamation of sites secured last year for $6.5 million through GV Property Group.

Archidiom has designed the tower, which will home 180 apartments, a mix of 144 three-bedders and just 36 two-bedroom configurations. There will be a maximum of just five apartments per floor.
Marquee Kirra Monterey
After a number of back-to-back sell outs up and down the Gold Coast, Marquee Development Partners has been given the greenlight for their next project.

The luxury tower, dubbed Monterey, on one of the last remaining Kirra beachfront sites at 4-6 Musgrave Street, will have 35 apartments across its 14 levels, with just high-end three and four-bedrooms on offer.
It’s been designed by the Brisbane-based Ellivo Architects, and will replace an ageing apartment block of 15 which has been on the 1,163 sqm site for over five decades.
Changfa
The international property developer, Changfa, has lodged plans for its next Gold Coast apartment development.
Changfa, who has created the Hope Island townhouse development Lyra, is headed to Palm Beach, submitting plans for a 21-level tower at 1134 Gold Coast Highway, on the corner of Palm Beach Avenue and a few streets back from the beach.

The international property developer, Changfa, has lodged plans for its next Gold Coast apartment development.
Changfa, who has created the Hope Island townhouse development Lyra, is headed to Palm Beach, submitting plans for a 21-level tower at 1134 Gold Coast Highway, on the corner of Palm Beach Avenue and a few streets back from the beach.
The building, designed by Plus Architecture, will have 113 apartments, a mix of one, two and three-bedroom units.
 
Article Source: www.urban.com.au

Jonathan Drew, who heads up the developer Drew Group, says locals were at the forefront of his thinking during the design process

The longstanding South East Queensland developer, Drew Group, is already started to attract a lot of interest at their landmark Main Beach apartment development, Lagoon Main Beach.

The first tower to launch in the dual-tower development, in the heart of Main Beach at 11-23 Cronin Avenue, is Sunrise Tower, which will comprise 148 apartments of the total 259 apartments on offer. Sunrise Tower is the larger tower, at 33 levels.

Jonathan Drew, who heads up the developer Drew Group, says locals were at the forefront of his thinking during the design process.

Lagoon, Main Beach
Lagoon Main Beach | Sunrise Tower 11-23 Cronin Avenue, Main Beach QLD 4217 

“As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this notion will be the central focus throughout the project until future residents move in,” Drew said.

Designed by Plus Architecture, Lagoon Main Beach is aptly named after its central leisure facilities, with the lagoon-style pool and the Palm Springs-inspired escape being the focal point to the development.

The recreational podium level, shared between the two buildings, will also feature a spa, integrated lounges and cabanas, a gym, and barbecue areas, showers, surfboard storage, therapy rooms and a luxurious foyer with business hub, work from home spaces and business lounge with board room.

Plus designed Lagoon with sustainability, environmental, infrastructure and urban renewal at the forefront of their brief, resulting in a well crafted design that answers the needs of modern apartment living.

The towers have been oriented to maximise the views by Plus, who say it’s all about the water.

“[It’s] beach side living with Main Beach lifestyle”, Plus wrote in their submission to the Gold Coast City Council.

“The design is approached with simple vision inspired by the rolling waves and soft natural forms of the coastline,” the executive summary by Plus read.

Drew Group, founded in the early 1980s, has delivered multiple developments in Brisbane, before more recently developing beachside properties including Cerulean at Main Beach, The Beach Villas at Kirra Point, and their latest project Village, 76 apartments and beach houses at Palm Beach.

That was the fastest selling project in the Gold Coast over 2019 and 2020, securing all of the apartments in just three months.

 

Article Source: www.urban.com.au

Jonathan Drew, who heads up the developer Drew Group, says locals were at the forefront of his thinking during the design process

The longstanding South East Queensland developer, Drew Group, is already started to attract a lot of interest at their landmark Main Beach apartment development, Lagoon Main Beach.

The first tower to launch in the dual-tower development, in the heart of Main Beach at 11-23 Cronin Avenue, is Sunrise Tower, which will comprise 148 apartments of the total 259 apartments on offer. Sunrise Tower is the larger tower, at 33 levels.

Jonathan Drew, who heads up the developer Drew Group, says locals were at the forefront of his thinking during the design process.

Lagoon, Main Beach
Lagoon Main Beach | Sunrise Tower 11-23 Cronin Avenue, Main Beach QLD 4217 

“As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this notion will be the central focus throughout the project until future residents move in,” Drew said.

Designed by Plus Architecture, Lagoon Main Beach is aptly named after its central leisure facilities, with the lagoon-style pool and the Palm Springs-inspired escape being the focal point to the development.

The recreational podium level, shared between the two buildings, will also feature a spa, integrated lounges and cabanas, a gym, and barbecue areas, showers, surfboard storage, therapy rooms and a luxurious foyer with business hub, work from home spaces and business lounge with board room.

Plus designed Lagoon with sustainability, environmental, infrastructure and urban renewal at the forefront of their brief, resulting in a well crafted design that answers the needs of modern apartment living.

The towers have been oriented to maximise the views by Plus, who say it’s all about the water.

“[It’s] beach side living with Main Beach lifestyle”, Plus wrote in their submission to the Gold Coast City Council.

“The design is approached with simple vision inspired by the rolling waves and soft natural forms of the coastline,” the executive summary by Plus read.

Drew Group, founded in the early 1980s, has delivered multiple developments in Brisbane, before more recently developing beachside properties including Cerulean at Main Beach, The Beach Villas at Kirra Point, and their latest project Village, 76 apartments and beach houses at Palm Beach.

That was the fastest selling project in the Gold Coast over 2019 and 2020, securing all of the apartments in just three months.

 

Article Source: www.urban.com.au