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Gold Coast’s off-the-plan property market is booming with numerous projects achieving record sales amid COVID-19.
There remains a very strong market awareness and interest in the finite supply of waterfront land on the Gold Coast, said Keylin executive Louis Cheung.
The sale of Serenity 4212, a joint venture from development groups <a href="/developers/keylin-group?utm_source=PropertyObserver%20" target="_blank">Keylin</a> and Kinstone and the last waterfront land project on the northern Gold Coast, "defied" the market as the city’s best-selling land estate.
The $650 million waterfront project revealed $55 million in land sales during the pandemic, with 75 of Serenity Waters’ 110 blocks sold to local and interstate buyers.
The sales result, which includes first home buyers taking advantage of up to $40,000 in government incentives, comes as Serenity accelerates its construction program.
A number of luxury, off-the-plan apartment projects across the Gold Coast have achieved high interest.
Such projects include the $74 million <a href="/buildings/flow-residences-rainbow-bay-1-petrie-street-rainbow-bay">Flow Residences at Rainbow Bay</a> by S&amp;S Projects and Spyre Group’s $77 million <a href="/buildings/natura-burleigh-heads-112-the-esplanade-burleigh-heads">Nature project at Burleigh Heads</a>.
Serenity Green received over 350 enquiries in just three weeks and deposits for a third of the townhomes on offer.
The Serenity Green, a collection of 60 four-bedroom, two-bathroom, were priced from just $489,000.
Kinstone’s James Chou said Serenity 4212 will become an exciting multi-year, multi-staged master-planned project which will include retirement living, additional townhomes and a mini marina precinct.
“We’re proud of the success of Serenity Waters and Serenity Green and look forward to continuing to develop this emerging community over the coming years,” said Chou.
First settlements of the land release in Serenity is set to occur towards the end of this year.
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j.ballantyne1990-6AQqhLzZaK

Gold Coast's off the plan property market activity booms amid COVID

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Investor activity has certainly reduced on the Northern Beaches as many local suburbs have a strong reliance on the Tourism and Retail sectors, according to a recent Herron Todd White (HTW) residential report. 
The report notes the unit markets in Manly, Fairlight and Balgowlah have seen the biggest reduction in activity, having the largest drop in weekly rents and higher vacancy rates. 
It noted SQM Research indicated weekly asking rents for units in Fairlight have been slashed from $895 in February 2020 to $690 as of July 2020. 
"Capital values have not declined at similar levels thus reducing potential yields," the valuation firm said. 
A recent example of this reduction would be <a href="https://www.realestate.com.au/sold/property-apartment-nsw-fairlight-120102621" target="_blank">1/40 Rosedale Avenue, Fairlight</a> (pictured above), the report noted. 
This two-bedroom, one-bathroom unit was recently leased for $600 to $620 per week after being previously leased for $745 per week in 2019.
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Investors range from local, out of towners and international buyers.
 Australia has performed quite admirably against COVID-19, particularly when benchmarking against other countries.
"A number of agents have noted stronger activity, particularly for housing, from international buyers and expats," the valuation firm said. 
 As the uncertainty in the global markets make the Australian property market a relatively safer investment, and many expats are looking to re- enter the market as an investment that they can turn into their family home should they need to return home.
A recent example of this would be <a href="https://www.realestate.com.au/sold/property-house-nsw-balgowlah-133811254" target="_blank">139 Woodland Street, Balgowlah </a>(pictured below) sold for $2.88 million in July through Cunninghams Real Estate with an original asking guide of $2.75 million, the report noted. 
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The report suggests investors have traditionally been attracted to new units as their investment vehicle thanks to their lower entry price point than houses, location to essential services and low maintenance compared to a detached house in the suburbs. 
However investors must proceed with caution with many cases of settlement valuations not meeting the original price paid off the plan. This can occur years after the initial purchase has been agreed upon.
"If you have concerns, our advice is to engage an independent valuer to provide a valuation on the property," the valuation firm said. 
An example from Sydney’s central west is <a href="https://www.realestate.com.au/property-apartment-nsw-lidcombe-133603762" target="_blank">114/9 Paddock Street, Lidcombe</a> (pictured below), a 2 bedroom 2 bathroom unit which sold off the plan in March 2017 for $810,000 however has now relisted with an asking price of $700,000 to $750,000.
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Given the amount of proposed units to be built in the local area and the current market conditions this trend will no doubt continue in the short term, the report noted. 
In comparing rental returns of one and two-bedroom units, one-bedroom units in Parramatta have shown a higher annual return than their two-bedroom counterparts, as shown in the table below.
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In the south, units in Mortdale and Oatley are still providing reasonable rental returns whilst vacancy rates in these suburbs have remained reasonably low compared to neighbouring suburbs along the railway line, which have had a greater supply of new units into the market. 
According to SQM Research, the vacancy rate in June for the Mortdale/Oatley postcode was 1.7 per cent, compared to 4.9 per cent in the Penshurst postcode and 4.7 per cent in the Hurstville postcode.
A two-bedroom, one-bathroom, unit with one-car garage, recently sold in Rosa Street, Oatley for $700,000.
 The 1960’s ground floor unit, with a dated but well maintained fit out, positioned within short walking distance to Oatley village shopping, cafes and railway station. 
The unit was leased to a long term tenant for $520 per week, providing a rental yield of 3.9%.
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Investor activity shrinks on the Sydney Northern Beaches: HTW residential 

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Sydney’s newest urban master-planned community, Wilton Greens, has secured 105 land sales valued at $30.8 million.
Developed by Risland Australia, the sales occurred within three weeks of the project’s launch, making it one of the fastest selling in New South Wales.
Located within Sydney’s south west growth corridor in the Wollondilly area, the Wilton Greens will comprise 3,600 land parcels spanning 433ha.
The project will be New South Wales’ first major master-planned community, following Risland’s successful launch of Windermere Estate located in Victoria’s Mambourin, two years ago.
Wilton Greens will eventually be home to over 12,000 residents, comprising schools, a shopping precinct, community facilities, transport links and green open spaces.
Prices ranged from $239,999 to $372,500 with land sizes between 275sqm and 540sqm.
“The masterplanned design, affordable price point, range of land parcel types and development approved land drove early results in Wilton Greens”, said Wilton Greens sales manager Damian Hogan.
The community is planned to have eight ‘villages’, each with a green open area at its heart, distinct native landscaping and wide home frontages
It is located at the gateway in the south west with Picton, Campbelltown and Wollongong all within easy reach.
Construction is expected to start in November 2020.
Risland Australia, formerly known as Country Garden, recently developed<a href="/news/watpac-delivers-country-garden-australia-s-first-project"> </a><a href="/buildings/ryde-garden-27-37-delhi-road-north-ryde">Ryde Garden</a> in Sydney’s North Ryde. 
The <a href="/news/watpac-delivers-country-garden-australia-s-first-project">$580m residential development</a> comprises 830 apartments across three high-rise towers.
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Sydney's newest master-planned community Wilton Greens secures $31 million in sales

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Construction has commenced on a $46 million build-to-rent apartment project in Melbourne’s inner north suburb of Brunswick, developed by Pelliocano.
Designed by 6-Degrees Architects, the 70-apartment project, Solarino House, will comprise one, two and three-bedroom apartments, a communal rooftop and ground floor retail.
<a href="/developers/pellicano-group?utm_source=PropertyObserver" target="_blank">Pellicano </a>will offer a mix of short-term, long-term arrangements, with hotel-style services including dry cleaning, apartment cleaning and share cars.
The build-to-rent sector aims to address Australia’s affordable housing crisis by offering flexible leasing options and shared spaces.
Pellicano has also introduced a cloud-based app, Pellicano Connect, to keep its members engaged, informed and connected.
The group, which was founded in 1967 by brothers Frank and Nunzio Pellicano, has an established portfolio of build-to-rent projects including a recent development in Brisbane’s Wynnum West.
The townhouse project, <a href="/buildings/arbor-park-2037-wynnum-road-wynnum-west">Arbor Park</a>, is comprised of 67 dwellings located at 2037 Wynnum Road.
“Build-to-rent is a model we’re committed to as a business off the back of these projects. We want to keep pushing the envelope in terms of the level of service we offer our members”, said director Nando Pellicano.
The family’s wealth is now estimated to sit at $285 million by the BRW Rich List in 2014.
Solarino House will be delivered under Pellicano’s ‘Pellicano Living’ banner.
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Construction starts on Pellicano's build-to-rent Solarino House in Melbourne

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There are 1,160 auction scheduled across Australia this weekend, up from just over 700 during last weeks long weekend, according to SQM Research data.
They found auction volumes in Sydney are set to reach 739, with the busiest suburbs being Mosman, St Ives, Surry Hills (11), Paddington (12) and Wahroonga (14).
Melbourne's auction numbers remain strikingly low at just 64 this weekend. This is lower than some of the generally 'smaller' auction markets with Brisbane reaching 85 and Canberra barely squeezing out ahead at 68 scheduled auctions.
<img src="https://www.urban.com.au/images/2020/10/8/CL%20OCT%208%20AUCTION%20GRAPHIC.PNG" alt="">
Across the other auction markets Adelaide is host to 45 auctions this weekend while Darwin has just one and Hobart zero.
Darwin is the only capital city with more auctions scheduled for the rest of the week than for Saturday, according to SQM which noted that they have 4 properties set for the hammer later next week.
<img src="https://www.urban.com.au/images/2020/10/8/SQM%20OCT%208%20AUCTION%20GRAPHIC.PNG" alt="">
One property set for auction in this weekend's busiest suburb is 49 Grosvenor Street, Wahroonga, (pictured in title).
The six bedroom, five bathroom abode sits on a 1,900 sqm block of land.
This custom-designed tri-level residence is described as the "epitome of a luxury lifestyle".
<img src="https://www.urban.com.au/images/2020/10/8/Wahroonga%202.PNG" alt="">
Another example of the spread of properties set for auction in Wahroonga is 515/2C Munderah Street (pictured above).
The two bedroom, two bathroom apartment is located on the first floor of the Lexington.
It comes with a $775,000 price guide.
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October auction volumes rebound from long weekend property hiatus

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The NSW Government’s planning system acceleration program has fast-tracked approval on a $64 million construction project in Redfern.
Located in the heart of the suburb, the new 18-storey building will be home to more than 400 students and create 240 construction jobs, said Minister for planning and public spaces Rob Stokes.
The building will include Aboriginal artwork and creative open public spaces.
“This is another example of a major shovel ready project being given fast-tracked approval to keep the NSW economy ticking throughout the pandemic,” Stokes said.
The Redfern development is one of 11 projects in the sixth tranche of the NSW Government’s acceleration program.
To date, the program has created more than 50,000 direct job opportunities.
As the NSW Government steers to make affordable student accommodation a priority, many projects are popping up in the <a href="/developments/redfern-nsw-2016">Redfern area</a>.
In June, Singapore-based developer <a href="/developers/wee-hur-holdings-ltd?utm_source=PropertyObserver" target="_blank">Wee Hur Holdings</a> announced plans to create its second student accommodation facility in Redfern. 
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NSW Government fast-tracks student accommodation in Sydney's Redfern

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Singapore-based developer Wee Hur Holdings Ltd has announced the launch of Y Suites, the brand of their Australian purpose build student accommodation (PBSA) portfolio.
Y Suites’ portfolio will include 5,609 beds across their seven projects in various stages of development in Sydney, Melbourne, Canberra, Adelaide and Brisbane.
The first property to be launched, <a href="/news/adelaide-primed-for-two-telling-new-developments?utm_source=PropertyObserver" target="_blank">124 Waymouth Street</a>, which was purchased for $9.275 million, will be Wee Hur’s second PBSA in Adelaide.
Operational from January 2021, the residence will include 811 rooms.
<a href="/developers/wee-hur-holdings-ltd?utm_source=PropertyObserver" target="_blank">Wee Hur Holdings’</a> focused PBSA portfolio includes two operational residences run by student accommodation operator UniLodge.
Y Suites will partner with UniLodge under a white-label arrangement, which will see it as the strategic brand driver for marketing, sales and reservations.
The two operational PBSAS, Unilodge Park Central at Brisbane and Unilodge City Gardens in Adelaide, are currently operating under UniLodge branding.
Both buildings will operate under Y Suites in 2021 with UniLodge continuing with property management.
The remaining four PBSAs in the Wee Hur portfolio are scheduled to be operational between 2022 and 2023.
One of which includes the under-construction <a href="/news/profiling-the-next-wave-of-melbourne-student-accommodation-builds?utm_source=PropertyObserver" target="_blank">Y Suites on A’Beckett in Melbourne</a>, which will have 888 rooms upon completion.
Executive chairman Goh Yeow Lian said he was happy to see the birth of Y Suites after it was conceptualised one year ago.
“We have built up a sizable PBSA portfolio in Australia since we embarked on this business 5 year ago, and developing our own brand was a logical next step for us,” Lian said.
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Wee Hur launches new student accommodation brand Y Suites in Adelaide

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Despite mounting speculation about the possibility of another cut, the RBA announced that it will hold the cash rate at 0.25% at its October meeting.
In this month's Finder RBA Cash Rate Survey™, 40 experts and economists weighed in on future cash rate moves and other issues related to the state of the Australian economy.
The decision coincided with the unveiling of the federal budget for 2020-2021, in which the government has detailed how it intends to steer the nation out of its first recession in 30 years.
Despite the October rate hold, 22% of experts (9/40) predict that a cut could still be on the cards in November.
Graham Cooke, insights manager at Finder, said that a standalone cut of 15 basis points is unlikely to have much of an impact on Australia’s economy.
“The cash rate has fallen by 125 basis points over the last year and a half– 15 more is unlikely to make much of a difference beyond making the RBA feel like they are at least doing something.
“The decision to hold the rate for now also suggests that the RBA wants to assess the budget in detail before making a decision about further moves,” he said.
Susan Mitchell, CEO at Mortgage Choice, agrees, stating that while the RBA has hinted at a rate cut, it would be unlikely to do so today.
“Although a case could be made for a cut this month, I think the RBA will keep the cash rate unchanged at its October monetary policy meeting.
“Board members will wait to digest the Federal Budget announcement before making their next move," Mitchell said.
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RBA held but November rate cut expected: Finder

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The Federal Court has ordered iSelect to pay $8.5 million in penalties for misleading consumers comparing energy plans.
Between November 2016 and December 2018, iSelect misled consumers by representing on its website that it would compare all electricity plans offered by its partners and recommend the most suitable or competitive plan.
However, its commercial arrangements with partner electricity retailers restricted the number of electricity plans those retailers could upload.
The recommended plans were therefore not necessarily the most suitable or competitive.
The ACCC instituted proceedings against iSelect in April 2019 as a result of this conduct.
“iSelect was not upfront with consumers that it wasn’t comparing all plans offered by its partner retailers”, ACCC chair Rod Sims said.
“In fact, about 38 per cent of people who compared electricity plans with iSelect at that time may have found a cheaper plan if they had shopped around”, he said.
The comparison service also admitted that, due to an error in its website and call centre code, some of the plans it recommended to almost 5,000 customers was underestimated by up to $140 per quarter.
According to the Court, iSelect, who received commissions from the retailers when those consumers selected a plan via iSelect, was responsible for ensuring that their algorithms were correct.
“This is particularly so when they generate significant revenue in commissions from those recommendations,” Sims said.
iSelect admitted liability and made joint submissions with the ACCC to the Federal Court consenting to the orders sought, including penalties.
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iSelect cops $8.5 million fine for misleading energy rates

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TOGA has announced the construction completion of The Hunter, its luxury five level residential development in Sydney’s Double Bay.
With 100 per cent of settlements completed, the first residents at the development have moved into their new homes, across a range of one, two and three-bedroom apartments.
And its first resale has hit the market.
It's the three bedroom sub-penthouse which was bought for $4.75 million off the plan in 2016.
The sale fell within the $4.7 million - $5 million price expectation of Laing + Simmons agent Steven Zoellner.
Spanning 180 sqm, the apartment on the fourth floor north east corner has been listed to go under the hammer October 19.
Domain puts Double Bay's three bedroom apartment median price at $3.088 million, a tad higher than realestate's $2.96 million median.
A first floor two bedroom apartment in the block, which traded for $2.9 million in May, recently sought tenants at $1,650 a week. 
Designed by Sydney-based architects Cottee Parker JPRA, the $50 million Cross Street complex has 13 apartments with an as yet unoccupied retail offering on the ground floor.
<img src="https://www.urban.com.au/images/2020/10/8/toga.png" alt="">
The development sold within two weeks of being put to the market<a href="/expert-insights/buying/toga-sells-out-the-hunter-at-double-bay"> in late 2016</a>. Construction had been scheduled to commence in mid-2017 with completion initially set for early 2019.
Fabrizio Perilli, chief executive of TOGA, said the residences are an example of modern luxury living.
“We’ve had a very positive response from resident’s moving in who love their new homes and have already seen an increase in the value of their property since their purchase”, Perilli said.
“Delivering The Hunter to the highest standards, within the context of COVID-19 is a testament to our team and our integrated property capability.”
TOGA paid just over $11.2 million for 16 and 18 Cross Street site consolidation in early 2015.
Construction of TOGA’s newest mixed-use communities, <a href="/buildings/surry-hills-village-redfern-6-14-baptist-street-redfern-nsw-2016">Surry Hills Village</a> and <a href="/buildings/wicks-place-marrickville-186-victoria-road-marrickville-nsw-2204">Wicks Place Marrickville</a>, are set to start in the first half of 2021.
TOGA was founded by Ervin Vidor in 1963.
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TOGA's The Hunter in Sydney's Double Bay now complete

<a href="https://www.apartments.com.au/developments/broadbeach-qld-4218">Broadbeach</a> offers plenty of reasons to live vertically, but moving from a substantial family home into an apartment can expose the compromises of high-density living. Privacy, room for guests and usable living space tend to matter more when an apartment is intended as a permanent home rather than an occasional coastal base.

A typical residential floor at <a href="https://www.apartments.com.au/new-apartments/the-eveleigh-broadbeach-7-9-surf-parade-broadbeach-qld-4218">The Eveleigh</a>, on Surf Parade,&nbsp;contains just four apartments. The 94-residence development by <a href="https://www.apartments.com.au/developers/hirsch-faigen">Hirsch &amp; Faigen</a> is predominantly made up of expansive three-bedroom homes, with a limited collection of half-floor penthouses above.

Across the apartment floors, <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> has used the relatively limited number of residences to give each home greater access to natural light and outlook. Living spaces extend towards full-height glazing, while a series of bay windows frame selected views across the Pacific Ocean, city and hinterland rather than treating the building edge as a continuous wall of glass.

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“The apartment floors deliver a collection of homes that embrace controlled outlook via a series of bay windows deliberately framing moments of view,” Rothelowman Director Kim Lowman said.

From outside, those projecting forms contribute to the tower’s faceted profile. Strong horizontal and vertical elements establish its proportions, while the changing position of the sun alters the light, shadow and reflection across the façade throughout the day.

The same attention moves inside the apartments, where the material palette combines warm timber, natural stone, metallic detailing and softer curved forms. Kitchens sit within the main living zone, with stone island benches, integrated joinery and European appliances, before the living areas extend towards the glazing and the outlook.

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[smartcode_project:default project_id=149670 project_image_fid=360981]

Three genuine bedrooms provide room to accommodate family and guests, while two secure car spaces and storage address some of the practical considerations that can become more noticeable when moving from a larger home. Feedback from the display suite has centred on the warmth and restraint of the interiors, with buyers commenting that the residences feel like homes rather than conventional coastal apartments.

A limited collection of half-floor penthouses occupies the upper levels, increasing the scale of the living spaces and adding private balconies and elevated finishes. From this position, the outlook extends between the ocean and hinterland.

Outside the private residences, The Eveleigh separates its shared spaces between the podium and rooftop. The podium is centred on wellness, with subtropical landscaping surrounding a swimming pool and pool terrace, yoga garden, private gymnasium, sauna and hot and cold plunge facilities. Landscaped retreats and pavilions provide additional places to sit away from the main recreation areas.

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Higher in the building, a rooftop pavilion and private dining suite sit alongside resident lounge, barbecue and outdoor dining areas, opening towards panoramic views across the ocean, city and hinterland.

“Buyers are no longer just looking for an apartment, but a lifestyle where they can relax, reset, and enjoy a balanced way of living,” Hirsch &amp; Faigen Director of Sales Matt George said.

Interest to date has come from established owner-occupiers and interstate lifestyle purchasers, including buyers planning a future move to the Gold Coast. Many are coming from larger homes and want to reduce ongoing maintenance without giving up space for family and guests, privacy, two car spaces or the ability to entertain at home.

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[smartcode_project:default project_id=149670 project_image_fid=360969]

Much of that daily life can also take place beyond the building without requiring a drive. Kurrawa Beach and Pratten Park are an easy walk from Surf Parade, while Pacific Fair, Oracle Boulevard, The Oasis, restaurants, cafés, entertainment and public transport are also within walking distance.

The Eveleigh is Hirsch &amp; Faigen's fourth Gold Coast development since entering the market in 2021, following The Hemingway at Palm Beach, The Emerson at Kirra and Yves at Mermaid Beach. Each of the preceding projects sold out before completion.

“Broadbeach had been on our radar throughout our time operating on the Gold Coast,” the developer said. “Following our projects in Palm Beach, Kirra and Mermaid Beach, Broadbeach represented the natural next step for the business.”

The Surf Parade site brought together proximity to the beach, protected coastal outlooks and walkability to dining, shopping and recreation. Hirsch &amp; Faigen also identified the street as an emerging premium residential address, with enough separation from Broadbeach's busier destinations to retain a quieter environment at home.

The Eveleigh is now under construction by Maxcon, with completion forecast for mid-2028. Three-bedroom residences are currently available from $2.87 million.

[smartcode_project_cta:default project_id=149670]

Joel Robinson

The Eveleigh brings house-like apartments to Broadbeach

A long-stalled Campbelltown development site is back in play, with new plans for 139 apartments set to supersede a mixed-use scheme approved almost a decade ago but never built.

The new proposal for 28 Cordeaux Street would deliver 116 market and 23 affordable apartments in a part 14-storey building, bringing a substantial new project into a Campbelltown market where new apartment supply remains limited.

Plans have been filed over the 3,092 sqm corner site at Moore-Oxley Street, around 600 metres from Campbelltown Railway Station and the city-centre retail core.

The site already carries a mixed-use residential approval dating to 2016. Doroch Architects has now been engaged on a larger replacement scheme, which is progressing as a State Significant Development Application following a Housing Delivery Authority determination in August 2025.

The apartment mix comprises 39 one-bedroom, 72 two-bedroom and 28 three-bedroom residences. Two-bedroom apartments make up just over half of the project, while three-bedroom homes account for 20 per cent.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="136dd5b9-3791-4da6-9e31-76f533f5b4de" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da2.png?VersionId=LgOSy9nwf5u.MGswBBwaGGxuX8QpHSl_" />

Of the 139 apartments, 23 will be delivered as affordable housing under the in-fill affordable housing provisions of the Housing SEPP. The affordable component represents 15 per cent of the residential gross floor area and will be managed by a registered Community Housing Provider.

Doroch has sought to break the scale of the building into two distinct elements, with a masonry podium of around four storeys establishing the street edge before the residential tower steps back above.

The corner position has shaped that approach. Cordeaux Street faces toward the commercial and civic centre, while Moore-Oxley Street leads into the lower-scale residential neighbourhood to the south, and the design verification report describes the site as "bridging the commercial core to the north and established residential areas to the south."

The podium will be expressed predominantly in face brick, while the upper levels shift to brushed and grooved concrete cladding with darker metal detailing. Recessed sections, deep balcony edges and landscaping break down the upper form, with an approximately 11.8-metre setback to the northern boundary addressing the adjoining St Peters Anglican School.

<img alt="First look: New 139-apartment plans revive long-stalled Campbelltown city centre site" data-entity-type="file" data-entity-uuid="c8b3d2d3-c561-4bfc-a5d9-a68c0c10dac1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Campbelltown%20da1.png?VersionId=AeAEyJU02Gk2k5noUj2StziCvdQ7fW4B" />

Campbelltown has been starved of new residential developments in the last decade.

The only other notable development set to come to market this year is ALAND's Queen Square, a mixed-use precinct on over two hectares that will comprise apartments above a vibrant ground-level retail and hospitality dining precinct.

First look: New 139-apartment plans revive long-stalled Campbelltown city centre site

First Look: Sherlock Construction pitches apartments for low-rise Deception Bay

Queensland builder-developer MAYD has revealed the first look at its major North Kirra beachfront development, lodging amended plans that reduce the number of apartments and increase the proportion of larger residences.

The project is planned across a substantial 4,742 sqm amalgamated site spanning seven lots at <a href="https://www.apartments.com.au/new-apartments/2-6-pacific-parade-bilinga-qld-4225">2-6 Pacific Parade</a> and 27-33 Golden Four Drive in Bilin​ga, directly opposite Nor​th Kirra Beach.

<a href="https://www.apartments.com.au/developers/mayd-group">MAYD</a> secured the site for $32.5 million in 2025, in what was one of the Gold Coast's largest property transactions of the year.

The development will be delivered across two stages, with the first stage carrying an estimated gross realisation value of around $360 million.

The latest amendments seek to reduce the overall apartment count and shift the project further toward the owner-occupier market, with larger residences designed for buyers wanting considerably more space than traditionally offered in a beachfront apartment.

The residential mix will include townhomes, oversized two-bedroom apartments, substantial three-bedroom residences and four-bedroom homes.

MAYD has appointed Cera Stribley to lead the architecture and interiors, with the Melbourne-based design practice drawing on the beachfront setting through a series of ocean-facing terraces and heavily landscaped balconies.

Strong horizontal forms and curved balconies will define the exterior, with subtropical landscaping integrated throughout the building to soften the built form and increase the connection between the residences and the beachfront.

The project will also include an extensive collection of resident wellness and lifestyle facilities, continuing the broader shift across the Gold Coast's luxury apartment market toward larger homes supported by resort-style amenity.

<img alt="MAYD" data-entity-type="file" data-entity-uuid="d1bcbb05-e659-4b47-8bd4-1e595315e2ad" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-27%20at%202.05.03%E2%80%AFPM.png?VersionId=jj0XEud1X1DuLt7_KyElhjMdZGOXmLHP" />

MAYD Founder Todd Mould said North Kirra was increasingly appealing to buyers attracted to the more established, lower-density character of the southern Gold Coast.

"North Kirra presents one of the most compelling luxury residential opportunities currently emerging in Australia, combining absolute beachfront with the character and authenticity that buyers are increasingly seeking, and the same sense of tight-knit community that defined Burleigh and Currumbin perhaps 10 or 15 years ago," Mould said.

"With Gold Coast Airport on its doorstep, it also offers a level of accessibility that broadens its appeal across almost every market demographic."

The project comes as the southern Gold Coast continues to attract an increasing share of high-end apartment development and buyer activity.

Kirra in particular has emerged as one of the region's more tightly held beachfront markets, with its relatively low-density character, established surf and hospitality scene and proximity to Gold Coast Airport differentiating it from the higher-density markets further north.

Mould said those characteristics had informed the approach MAYD and Cera Stribley had taken to the project.

"We've worked closely with Cera Stribley to create a vision that is deeply connected to its surroundings," he said.

"Inspired by the coastline itself, the architecture has been shaped around space, privacy and resort-style living, creating a collection of homes that reflects the next generation of luxury on the southern Gold Coast."

MOTIV Managing Director Carly Cottam, who has been appointed to market the project, said buyer attention had continued to move south along the Gold Coast.

"Purchasers who may once have defaulted to Broadbeach, Main Beach or Surfers Paradise are increasingly recognising the value of a genuine beachfront location that offers lower density, strong amenity and a more established sense of community," Cottam said.

"Kirra has a powerful combination of growing demand and genuine scarcity. Beachfront supply is inherently constrained, the area remains relatively low density, and buyers are increasingly placing a premium on locations that feel established, uncrowded and authentic rather than heavily developed."

Cottam said the proximity to Gold Coast Airport was also proving increasingly important for interstate and second-home buyers.

"Being minutes from Gold Coast Airport makes it particularly compelling for interstate buyers, frequent travellers and second-home purchasers who can access an authentic coastal lifestyle almost immediately after stepping off a flight."

The acquisition takes MAYD's active development portfolio to more than $500 million, with the North Kirra project representing one of its largest undertakings to date.

MAYD is targeting an early 2027 launch.

First look at MAYD's North Kirra mixed-use precinct

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Castle Hill, the longtime hub of the Hills District, has been one of the major beneficiaries of Sydney's Metro expansion, with improved connectivity helping drive continued population growth, development and buyer demand across the Hills District.

But despite that growth, the suburb has seen relatively few major new apartment projects brought to market over the past 18 months.

Hills District developer Reve Group is looking to fill that gap with <a href="https://www.apartments.com.au/new-apartments/nova-r-ve-castle-hill-2-garthowen-crescent-castle-hill-nsw-2154">Nova Rêve</a>, a major new mixed-use precinct on the corner of Garthowen Crescent and Old Castle Hill Road, a short walk from Castle Hill Metro Station and Castle Towers.

[smartcode_project:default project_id=152737 project_image_fid=377679]

The project will comprise three residential towers alongside a hotel, restaurants, cafes and a skybar, more than 1,600 sqm of ground-floor retail and almost an acre of landscaped gardens.

It represents the largest project undertaken by Reve Group, the development arm of the Kassis family, which has been building across the Hills District for more than 30 years through Kassis Homes.

[smartcode_project:default project_id=152737 project_image_fid=377675]

Nova Rêve also represents a significant step up from the family's first apartment development, Grand Rêve, which was delivered nearby on Garthowen Crescent.

Grand Rêve introduced larger, house-like apartment layouts and premium inclusions including Wolf and Sub-Zero appliances to the Castle Hill market.

Nova Rêve takes that approach to a precinct scale, combining the residential component with hospitality, retail and substantial public and resident landscaping.

[smartcode_project:default project_id=152737 project_image_fid=377685]

Reve Group Managing Director Sam Kassis said the project reflected the family's three decades of building in the Hills, which has evolved from trophy homes on quarter-acre blocks to larger-scale apartment development.

"Grand Rêve was our first apartment project here and it showed us what this pocket of Castle Hill could be. Nova Rêve is the refinement of that idea: not just apartments, but a place the whole suburb can use," Kassis said.

A key part of that approach is the hotel, which has been designed to operate as an amenity for the wider Castle Hill community rather than solely hotel guests.

It will include restaurants, cafes, skybars and all-day dining, alongside conference and event facilities catering to business functions, community groups and private events.

At ground level, more than 1,600 sqm of shops and cafes will open onto the surrounding streets and landscaped areas.

Almost an acre of gardens designed by Land and Form Studios will run through the precinct, incorporating pathways, seating, barbecue areas and children's play spaces.

[smartcode_project:default project_id=152737 project_image_fid=377680]

Reve Group's Romio Georges said creating an active ground plane had been central to the planning of Nova Rêve.

"There are gardens with pathways, barbecues, seating and play areas, shops and cafes opening onto the street, and a hotel with restaurants and a skybar that anyone in Castle Hill can walk into," Georges said.

The project's elevated position on one of Sydney's highest ridgelines will also provide apartments with outlooks toward the Sydney skyline, surrounding parkland and the Blue Mountains.

More than 80 per cent of the apartments will occupy corner positions, with Turner responsible for both the architecture and interiors.

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[smartcode_project_cta:default project_id=152737]

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