Investors may soon find themselves with fewer reasons to buy established property and more incentives to look towards the new apartment market.

Proposed changes to negative gearing and capital gains tax concessions would see new and off-the-plan apartments retain access to the tax benefits, while established properties would miss out, creating a clear advantage for buyers purchasing newly built housing.

The policy direction aligns with what many developers have been saying for several years. Australia needs more housing supply, and governments are increasingly looking for ways to encourage investment into new stock rather than existing homes.

The challenge for investors is that suitable product is becoming harder to find.

For much of the last decade, one-bedroom apartments were the cornerstone of investor demand. They offered a lower entry price, strong rental appeal, and were a common feature across most apartment developments.

Today, the development pipeline looks very different.

Across both New South Wales and South East Queensland, developers are increasingly targeting owner-occupiers and downsizers, delivering larger two, three and four-bedroom apartments in response to changing buyer preferences. While one-bedroom apartments still exist, they now form a much smaller portion of many new projects.

That shift has created a shortage of investor-friendly stock, particularly in well-located projects close to transport, employment hubs and lifestyle amenity.

At the same time, rising apartment prices have pushed many new developments beyond the reach of traditional investors. On the Gold Coast and across South East Queensland, it's becoming increasingly difficult to find new apartments priced around the $1 million mark, particularly those offering strong rental fundamentals and long-term growth prospects.

We've rounded up four new apartment developments where investors can still secure a foothold in the market for around $1 million or less.

<h2 data-end="1140" data-start="844">Flourish Soleira</h2>

<h2>Priced from: $1.07 million</h2>

Popular Palm Beach developer Sherpa is soon to officially launch its newest local apartment development, Flourish Soleira.

The one-bedroom apartments in the building were only offered to first home buyers rather than investors, and all of those have been snapped up. The two-bedroom apartments will start from $1.07 million, and the three-bedrooms, still a good investment given the popularity of Palm Beach for owner-occupiers, starting at $2,045,000.

&nbsp;

[smartcode_project:default project_id=150017 project_image_fid=370964]

Flourish Soliera will comprise 153 apartments across two buildings, connected by a skybridge, the first ever delivered in the suburb.

True to Sherpa's booming Flourish brand of apartment projects, Flourish Soleira will have extensive rooftop amenity across both buildings including a&nbsp;wellness centre with gym, work from home, yoga, pilates, a&nbsp;heated pool, private dining rooms, pizza oven and barbecues, basketball court, and golf simulator.

<h2>Corallo, Palm Beach</h2>

Priced from: $841,500

Nearby Flourish Soleira is Changfa Group's beachfront-inspired Corallo development. They still have some one-bedroom apartments remaining, priced from $841,500.

The 105-apartment project on Palm Beach Avenue is otherwise dominated by larger two and three-bedroom residences, many of which are aimed at owner-occupiers and downsizers.

[smartcode_project:default project_id=112194 project_image_fid=808]

For investors, the appeal lies in Palm Beach's continued transformation from a laid-back beachside suburb into one of the Gold Coast's most sought-after residential markets. Residents at Corallo will be within walking distance of Palm Beach's surf beaches, the recreational amenity of Tallebudgera Creek, and the increasingly popular collection of cafes, restaurants and boutique retailers along the suburb's central dining precinct.

<h2>Corner House, Stones Corner</h2>

<h2>Priced from: $880,000</h2>

One of only two Brisbane apartment developments to make the list with prices under $1 million is DeMartini Fletcher's Corner House development in Stones Corner.

One-bedroom apartments start from $880,000 within the 88-apartment development, providing investors with exposure to one of Brisbane's most established inner-south locations.

[smartcode_project:default project_id=149098 project_image_fid=330594]

Stones Corner has long been supported by strong tenant demand due to its proximity to major employment and education destinations. The suburb sits less than five kilometres from Brisbane's CBD and is within easy reach of the Princess Alexandra Hospital, Greenslopes Private Hospital, Queensland Children's Hospital and several university campuses.

The project's location within a walkable urban village environment, surrounded by retail, dining and public transport infrastructure, continues to attract both professionals and healthcare workers seeking accommodation close to work.

Parkdrive Apartments, Chermside

Priced from: $749,000

The most affordable apartments across Brisbane's new and off the plan market are in Chermside where developer AusDev is selling one-bedroom apartments from $749,000, and two-beds from $929,000, at its recently launched Parkdrive development.

The development is strategically positioned in one of Brisbane's largest employment and retail precincts, placing residents within easy walking distance of Westfield Chermside, The Prince Charles Hospital, St Vincent's Private Hospital Northside and the suburb's major bus interchange.

[smartcode_project:default project_id=152125 project_image_fid=363782]

Already under construction and scheduled for completion in early 2028, Parkdrive benefits from Chermside's ongoing evolution into Brisbane's northern metropolitan centre. The suburb continues to attract significant public and private investment, supporting population growth and underpinning long-term rental demand.

For investors focused on yield and tenant depth, the combination of healthcare, retail and transport infrastructure within close proximity provides a strong foundation for occupancy and rental performance.

Joel Robinson

Investors to turn to new apartments after Federal Government changes spark hunt for Queensland's best $1 million apartments

A mix of Gold Coast locals, fly-in, fly-out purchasers from Sydney and Melbourne, and Brisbane-based families has driven early sales success at Broadbeach's newest apartment tower, Lumara.

The 26-level project, a joint venture between builder-developer 5Point Projects and Bourke Projects, comprises just 37 luxury residences and is attracting a buyer profile that is looking for exclusivity, above the most amenity-rich suburb on the Gold Coast.

[smartcode_project:default project_id=150454 project_image_fid=364156]

Jamie Bourke, Director of Bourke Projects, says every buyer secured so far intends to use Lumara as a lock-up-and-leave residence, combining holiday use with the ability to work remotely when required.

“The size of the apartments, both half- and full-floor options, and the different zones within the floorplans, lends itself perfectly to dedicated home office setups and multi-generational family holidays,” Bourke says.

That flexibility has become a key drawcard for affluent buyers seeking a second residence on the Gold Coast without sacrificing the ability to conduct business away from their primary home base.

The absence of holiday letting within the building has also resonated strongly with purchasers.

“This type of buyer doesn't need to generate holiday rental income,” Bourke says. “They're paying for exclusivity, privacy and certainty around who their neighbours are.”

[smartcode_project:default project_id=150454 project_image_fid=366491]

The strong demand comes amid broader shifts in the high-end apartment market following the Federal Budget announcements in May.

“We were already seeing strong enquiry from high-net-worth buyers, but that has only accelerated since the policy changes,” Bourke says.

“A lot of those buyers are looking to place more capital into premium lifestyle assets rather than investment-grade stock that has been targeted by the Federal Government.”

[smartcode_project:default project_id=150454 project_image_fid=366486]

Designed by Cottee Parker, Lumara adopts a slender, sculpted form with an emphasis on natural materials suited to its beachfront setting. The architectural approach draws on coastal influences, with a palette of stone, timber and concrete selected for durability and the ability to weather over time.

Apartments are limited to three and four-bedroom configurations, with a maximum of two residences per floor through the mid-levels and a selection of full-floor and dual-level homes in the upper levels. All apartments are oriented to the north to maximise natural light, cross-ventilation and views across the ocean, city skyline and hinterland.

A two-level amenity offering is positioned high within the building on levels 20 and 21, conceived as a sky wellness retreat. Facilities include a magnesium pool, spa, sauna and steam rooms, alongside more social spaces such as a private dining room, resident lounge, workspaces and outdoor barbecue areas integrated with landscaped greenery.

The uppermost levels are reserved for larger-format residences, including several full-floor homes and a dual-level penthouse with its own private wellness features and recreational spaces.

&nbsp;

To give buyers confidence, 5Point and Bourke commenced construction ahead of the apartments launching to the market, a sure-fire way to prove they mean business, and the building will be delivered. They are targeting a 2028 completion date.

[smartcode_project_cta:default project_id=150454]

Locals, interstate holiday makers, drive early sales at Lumara, Broadbeach's newest luxury apartment tower

Often when it comes to purchasing property, the biggest barrier to entry is the deposit. Buyers of established homes typically aim for a 20 per cent deposit to avoid the added cost of Lenders Mortgage Insurance, while most property transactions require around a 10 per cent deposit when contracts are exchanged.

The off-the-plan market works differently, with buyers typically paying a deposit during construction and settling the balance upon completion. As completion approaches at <a href="https://www.apartments.com.au/new-apartments/fabbrica-fitzroy-369-gore-street-fitzroy-vic-3065">Fabbrica Fitzroy</a>, developer <a href="https://www.apartments.com.au/developers/pace-development-group">Pace</a> is making it easier for buyers to secure a residence through a deposit-matching incentive. Purchasers need only contribute a five per cent deposit*, with Pace matching the remaining five per cent.

The offer comes as Pace unveils a completed display apartment and townhouse, now available for inspection by appointment ahead of the project's Spring completion.

[smartcode_project:default project_id=139552 project_image_fid=371009]

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/winwood-mckenzie-architecture">Winwood Mckenzie</a> and landscaping by <a href="https://www.apartments.com.au/landscape-architect/acre">Acre</a>, Fabbrica draws on Fitzroy’s industrial and manufacturing history, incorporating references to the former Argyle Shirt Factory and Life Savers Confectionery Company that once occupied the site.

The development comprises 85 residences, spanning low-maintenance apartments through to larger-format townhouses with private street access and double lock-up garages, a relatively uncommon offering in Fitzroy’s higher-density apartment market.

Pace says the project has been designed to appeal to buyers seeking inner-city convenience without sacrificing space, flexibility, or amenity.

[smartcode_project:default project_id=139552 project_image_fid=371016]

Inside the residences, Winwood Mckenzie has focused on adaptable layouts and integrated detailing, with features including custom joinery, and concealed storage solutions. The material palette leans into warm, tactile finishes intended to complement the building’s industrial architectural language.

Fabbrica’s rooftop amenity is a key part of the project offering. Spanning around 800 sqm, the communal rooftop includes a private dining room, communal kitchen, lounge spaces, work-from-home zones, and outdoor dining areas overlooking the Melbourne CBD skyline.

[smartcode_project:default project_id=139552 project_image_fid=371017]

Landscape architecture studio Acre has introduced a layered rooftop garden designed to soften the urban setting while creating a more communal environment for residents.

The Fitzroy location also positions residents within walking distance of Brunswick Street, Smith Street, parks, cafés, galleries, and public transport, while remaining only minutes from Melbourne’s CBD. The project has an enviable Walk Score of 96.

[smartcode_project:default project_id=139552 project_image_fid=371025]

Pace, which is also delivering the project as builder, has developed more than 100 projects across Melbourne over the past three decades. The vertically integrated approach has become increasingly common among developers seeking greater control over construction delivery amid broader market pressures affecting the apartment sector.

The strikingly contemporary Gore Street development is now around 70 per cent complete, with purchasers expected to move into their new homes in Spring 2026. A limited number of residences remain available under the current deposit match offer.

*Conditions apply in relation to the deposit match offer.

[smartcode_project_cta:default project_id=139552]

Pace offers five per cent deposit match at Fabbrica Fitzroy ahead of Spring completion

Sydney developer Hyecorp's roots on the Lower North Shore stretch back three generations, and that deep understanding of the market continues to shape where and how it develops today.

From high-rise towers to boutique apartment projects, the family-run developer has built its reputation by focusing on a part of Sydney it knows intimately. Founded by Michael Abolakian in the early 1990s, Hyecorp is now led by his sons Stephen, Troy and Patrick.

Stephen Abolakian, joint managing director alongside Troy, has spent more than two decades in the business, overseeing development, planning, finance, marketing and sales.

Abolakian says the developer's disciplined focus on where it chooses to operate has been, and continues to be, one of Hyecorp's greatest strengths.

“We know the buyer profile exceptionally well,” Abolakian says.

“The demographics between places like Willoughby, Chatswood, St Leonards and Roseville are very similar. There are nuances between suburbs and projects, but culturally and from a buyer perspective, there’s a strong overlap.”

That buyer has historically been overwhelmingly owner-occupier driven.

Unlike many Sydney apartment developers that have traditionally relied heavily on investor demand, Hyecorp’s projects have typically attracted downsizers, upsizers, rightsizers and family owner-occupiers seeking long-term homes rather than short-term investments.

“Historically, investors have been a much smaller portion of our demand profile,” Abolakian says.

“We design for owner-occupiers. We don’t design for yield, we design for comfort, amenity, family living and long-term usability.”

That philosophy extends well beyond apartment layouts.

From landscaping and communal gardens to shared amenities and circulation spaces, Hyecorp’s developments are designed around how people actually live, something Abolakian believes has become increasingly important in Sydney’s apartment market.

“There was probably a period where having an approved project in market was enough,” he says.

“There wasn’t as much competition and if you built it, buyers would come. That’s no longer the case.”

“There’s more supply in the pipeline now, particularly with TOD precincts and low and mid-rise reforms opening up opportunities across Sydney. Buyers have more choice, so if you get the product wrong, they’ll simply go elsewhere.”

[smartcode_project:default project_id=110379 project_image_fid=311393]

The shift has forced developers to become more sophisticated in how they approach apartment design, particularly as owner-occupier expectations continue to rise.

For Hyecorp, that means thinking beyond who the buyer is today and designing for who they may become in five or 10 years' time.

“People buying now often aren’t moving in for several years,” Abolakian says.

“You might have a young couple buying today, but by the time they move in they may have children, older children, or changing lifestyle needs. You’ve got to think about how families evolve.”

That thinking also shapes Hyecorp’s approach to amenity, which positions wellness at the forefront.

[smartcode_project:default project_id=149594 project_image_fid=362634]

While resort-style facilities have become increasingly common marketing tools across Sydney apartment developments, Abolakian says the challenge is ensuring amenities are genuinely usable and appropriate for the scale of the project.

“If amenities are done right, they can materially improve the living experience,” he says, adding however that if you&nbsp;overdo it or get it wrong, you can end up with facilities nobody uses that simply create ongoing strata costs.”

That balance is something Hyecorp is aiming to strike with projects like Roseville Avenue, one of the group's upcoming Lower North Shore developments, which Abolakian describes as bringing a resort-style living experience into a metropolitan setting.

“It’s about creating something that feels special without being excessive,” he says.

“Good gardens, quality apartments, thoughtful amenity. Creating that resort feeling in a metro location.”

<img alt="Hyecorp" data-entity-type="file" data-entity-uuid="13c4c0f3-b1b7-44cf-9344-0b3d1d07797a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-02%20at%2012.14.57%E2%80%AFPM.png?VersionId=9OLWjyj2bYkDV35F78WJnyMSPfc2bJ2z" />

The focus on owner-occupier product comes as Sydney’s apartment market continues to navigate a difficult development environment.&nbsp;For Hyecorp, maintaining an in-house operating model across construction, sales, marketing and development management has become increasingly important in navigating that environment.

“We’ve always believed in keeping a lot of the process in-house,” Abolakian says.

“It creates efficiencies, but it also creates quality control. You can make faster decisions and ensure the end product stays aligned with the original vision.”

Despite the challenges, Abolakian believes demand for quality owner-occupier apartments across Sydney remains strong beneath the surface, particularly across established Lower North Shore suburbs where downsizers continue to seek new housing options close to existing communities.

“There are definitely people waiting,” he says.

“Once some of the broader uncertainty settles, whether that’s the global environment or some of the local economic noise, I think the right projects will perform very strongly.”

Hyecorp currently has three residential developments on the market across Sydney’s Lower North Shore.&nbsp;Audrey, St Leonards, positioned opposite Newlands Park, is nearing completion and preparing to welcome its first residents, with the project now almost sold out.

Hyecorp has also recently launched&nbsp;<a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine Chatswood</a>, an architectural tower, while continuing to deliver&nbsp;<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet Roseville</a>, a more boutique scale of development with just 34 apartments.

Why Hyecorp continues to back Sydney's Lower North Shore apartment market

South East Queensland’s apartment market is entering a new phase defined by rising prices, constrained affordability, and mounting pressure on the construction pipeline, according to RPM Group’s latest SEQ Apartments &amp; Townhomes Market Report.

The May 2026 report highlights a widening divide between what buyers can afford and what developers can viably deliver, with detached house prices continuing to push more buyers toward apartments across Brisbane, the Gold Coast, and the Sunshine Coast.

RPM says Brisbane’s median house price has reached around $1.5 million, accelerating the shift toward higher-density housing as buyers are increasingly priced out of the detached market.

[smartcode_project:default project_id=135094 project_image_fid=356540]

Median unit prices rose across all three major SEQ markets in the March quarter. Brisbane City recorded the strongest annual growth, with median unit prices climbing 21 per cent to $862,000, while the Gold Coast reached the highest overall median at $950,000, up 17 per cent year-on-year. The Sunshine Coast followed at $870,000, representing annual growth of nine per cent.

RPM noted the affordability gap between houses and units remains significant, with detached homes commanding premiums of 67 per cent in Brisbane and 68 per cent on the Gold Coast relative to apartments.

The report suggests this price disparity is increasingly consolidating buyer demand within the apartment market, particularly among downsizers and owner-occupiers.

“Demand is real. Supply is moving. But they’re operating on different timelines and the gap between what’s being built and what buyers can afford is the defining tension in this market right now,” RPM Queensland and NSW Managing Directors Peter Neale and Clinton Trezise said in the report.

[smartcode_project:default project_id=150787 project_image_fid=366230]

While approvals and commencements are strengthening, RPM argues the delivery pipeline remains constrained by construction costs, labour shortages, and extended build timelines.

Apartment approvals across Queensland increased 86 per cent over the year to February 2026, reaching 12,682 approvals, the highest level recorded since 2016. Brisbane overtook the Gold Coast as the state’s most active apartment approval market, with nearly 5,000 apartments approved over the past 12 months.

Unit commencements also strengthened considerably, rising 48 per cent year-on-year to 5,453 commencements in the December 2025 quarter, the highest level since 2018.

However, RPM’s research found apartment delivery timeframes have expanded sharply compared to the previous cycle. Projects are now averaging around 30 months from approval to completion, compared to roughly 20 months a decade ago.

[smartcode_project:default project_id=143932 project_image_fid=367515]

The number of units under construction has climbed to approximately 31,530 dwellings, nearing the previous 2016 peak, though projects are remaining in the pipeline for considerably longer.

Construction costs continue to weigh heavily on feasibility. RPM found the average apartment construction cost in Greater Brisbane reached $630,000 per dwelling in 2025, exceeding both Sydney and Melbourne. Coastal Queensland markets, including the Gold Coast and Sunshine Coast, were even higher at an average of $817,418 per apartment due to the prevalence of larger premium product.

The report also points to increasing pressure from Olympic-related infrastructure spending ahead of Brisbane 2032, with labour competition expected to intensify over the next several years.

[smartcode_project:default project_id=150017 project_image_fid=370960]

ANZ Associate Director of Property Daniel Gradwell said the underlying demand drivers across South East Queensland remain strong, supported by interstate migration, downsizers, and population growth.

“The challenge is bringing enough supply to market to meet that demand, and nothing on the horizon makes that straightforward,” Gradwell said.

RPM’s analysis found the affordability challenge is becoming more pronounced in the new apartment market itself, with only three per cent of surveyed new apartments priced below $1 million.

Instead, the market is increasingly concentrated in higher price brackets, with the most common new apartment price band across SEQ sitting between $1.5 million and $1.75 million. Around half of all new apartment stock surveyed is priced below $2 million.

The report suggests developers are not necessarily avoiding lower price points by choice, but because current construction economics make delivering affordable apartments increasingly difficult at scale.

Rental conditions also remain tight across the region. Median rents for one-bedroom apartments rose 12 per cent in Brisbane over the past year to $580 per week, while Gold Coast one-bedroom rents increased nine per cent to $630.

Despite rising rents, RPM noted bond lodgements have generally trended downward over the past five years, indicating more apartments are being absorbed by owner-occupiers rather than retained as investor-held rental stock.

Looking ahead, RPM expects projects targeting the mid-market owner-occupier segment between $1.25 million and $2 million to remain the most viable part of the market, while premium projects in highly constrained coastal or riverfront locations continue to attract demand.

“Construction costs are rewriting the feasibility rulebook across Greater Brisbane, and with little relief in sight, only projects in the right price band, right location, and with presales secured early will make it through,” the report concludes.

SEQ apartment demand outpacing affordable supply as construction timelines stretch: RPM

Burleigh Heads

Rarely does a new adjective need to be created to define a project.

But such is the calibre of what the South East Queensland developer&nbsp;Spyre Group is offering at their latest Burleigh Heads apartment development, Glasshouse, the term &quot;hyper-luxe&quot; has been coined, and the boutique project of just three apartments certainly warrants the tag line.

No developer has gone as far as producing something quite as special as Glasshouse, which when completed will no doubt be the most expensive apartment project&nbsp;across the whole of the Gold Coast.

The two-level penthouse, with one of the most impressive private rooftops arguably in the country, could be the first Queensland apartment ever to&nbsp;break through the $20 million mark.

[smartcode_project:default project_id=104773 project_image_fid=189487]

The project, on the dress circle Goodwin Terrace in Burleigh Heads, which&nbsp;has been one of the most in demand apartment markets on the Gold Coast in the last 18 months, has been designed in collaboration with Bureau^proberts, whose brief from Spyre was simple yet impactful: &quot;Create the impossible.&quot;

&quot;This remarkable stretch of beachfront gave us astonishing design possibilities,&quot; Bureau^proberts Director Terry McQuillan said.

&quot;We knew we needed an architectural response that captured and amplified the natural qualities of this extraordinary place&mdash;something that was as distinctive and rare as the site itself. And we&rsquo;ve done that. We&rsquo;ve brought something stridently new to Burleigh Heads.&quot;

[smartcode_project:default project_id=104773 project_image_fid=189485]

Spyre Group Director Andrew Malouf says every element of Glasshouse is an impossible feat.

&quot;As a development firm committed to continued excellence and evolution, Glasshouse Burleigh presented Spyre Group with the opportunity to leave a permanent mark on not only the street scape of Goodwin Terrace, but to forever change boutique property development in the South East,&quot; Malouf said.

&quot;For Spyre Group, Glasshouse is the culmination of tireless years spent dedicated to the importance of place. The position of this impossible project is intrinsic in what makes it one completely beyond compare.

&quot;Three glass homes positioned perfectly on a land parcel that holds the most acclaimed beachfront status in Queensland.&quot;

Glasshouse comprises three four-bedroom apartments, targeting the high-end owner-occupier or holiday maker who doesn&#39;t want the maintenance of a grand home.

[smartcode_project:default project_id=104773 project_image_fid=188873]

Spyre designed the apartments with that in mind, offering around 300&nbsp;sqm of indoor and outdoor living space for the first and second level apartments, with the sprawling penthouse offering over 970 sqm of internal and external living area.

Each apartment has been designed to orientate the living spaces to the east, capturing the never-to-be-built-out views across the ocean. The entertaining starts from the kitchen, where there&#39;s the most impressive island bench, crafted out of natural materials.

Every fixture and finish has been hand selected by a leading design team focussed on the delivery of the art piece that is Glasshouse. Leading partners such as Gessi Tapware, Porcelanosa tiles, Wolf Appliances, and custom handblown lights by SOKTAS culminate to deliver the residences.

[smartcode_project_cta: project_id=104773]

Spyre Group Director Andrew Malouf says every element of Glasshouse is an impossible feat.

When luxury is redefined: What Spyre Group is producing at Glasshouse, Burleigh Heads apartments

Tim Gurner's multi-billion dollar development firm, GURNERTM, has secured its second Gold Coast apartment development site.

Alongside&nbsp;leading real estate financier, MaxCap Group, the duo has grabbed a 1012 sqm site at&nbsp;1929 Gold Coast Highway, Burleigh Heads, with the intention of creating a 22-level luxury tower.

The $120 million project, which will see 80 apartments created and high end amenity located on the rooftop, will be designed by Gurner's go-to architect, Warren &amp; Mahoney, who handles all of Gurner's projects both in Melbourne and on the Gold Coast.

"There is no doubt that Burleigh Heads is the hottest market in Australia right now, and it’s a place we have to be in," Tim Gurner says.

“Following on from the incredible revitalisation that Chris Vitale is bringing with the Mondrian, we want to be able to enter the market and offer buyers all the amenity on offer in the area with residences that are attainable for local buyers."

<a href="/new-apartments/1929-gold-coast-highway-burleigh-heads-qld-4220">To follow the development through to sales, enquire here.</a>

<a href="/new-apartments/1929-gold-coast-highway-burleigh-heads-qld-4220"><img alt="" data-entity-type="" data-entity-uuid="" height="697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-08_at_4.32.45_pm.png" width="864" /></a>

The Burleigh Heads site will be centred around the concept of a Singaporean landscape oasis blended with elegant Japanese design, culminating in a lifestyle-led ultra-luxury precinct that also boasts GURNERTM’s signature resident amenities.

Warren and Mahoney design principal, Barrington Gohns, says the design at Burleigh Heads reflects the unique character of this thriving sub-tropical oasis – being both relaxed and refined.

“The architecture focuses on delivering private sanctuaries that reflect and meld with the coastal environment,"&nbsp;Gohns says.

“This connection to water influences the building’s façade and character. Materials have been employed to create a fresh, bright, and coastal feel, featuring natural elements of stone and timber surrounded by lush vegetation."

A development application is expected to be lodged to council in the next few months.

<a href="/new-apartments/1929-gold-coast-highway-burleigh-heads-qld-4220">To follow the development through to sales, enquire here.</a>

GV Property Group agents Antonio Mercuri and Luke Reaby amalgamated the apartment complex last year, which consisted of seven&nbsp;individually owned apartments from local and international investors. They said the competition for the site was a fierce between local and interstate developers and received multiple offers for the site. It was one of their 30 development&nbsp;sites to developers across the Gold Coast in 2021.

"We're excited to see well renowned interstate developers see opportunities in popular pockets such as Burleigh Heads and look forward to seeing an alternative level of design and luxury to the area," Mercuri said.

<a href="/new-apartments/1929-gold-coast-highway-burleigh-heads-qld-4220"><img alt="" data-entity-type="" data-entity-uuid="" height="739" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-02-08_at_4.36.03_pm.png" width="1223" /></a>

GURNERTM and MaxCap have a formidable track record of partnering together having completed over 20 transactions with an end value of ~$1.5 billion in the past decade.

MaxCap Group executive director and founder, Brae Sokolski, said&nbsp;MaxCap’s philosophy has always been to partner with only the highest calibre developers in the Australian market.

"Tim Gurner most certainly fits this bill and we are incredibly proud of our long sustained track record of success with Tim and his team,"&nbsp;Sokolski says.

"There is no doubt that Burleigh Heads is the hottest market in Australia right now, and it’s a place we have to be in," Tim Gurner says.

Gurner secures Burleigh Heads apartment development site, plans 22-level luxury tower

Burleigh Heads has been the latest hot-spot for developers, with a number of big names bringing luxury and lifestyle to the coast with a range of modern and boutique apartments.

Recently talks and community discussion have begun for the proposed Gold Coast Light Rail Stage 4 extension, which will see a stop included for Burleigh Heads, further earmarking this spot as a prime living location.

While owner-occupiers have been the keenest buyers over the last 12 months, interstate investors have also been keen, given the&nbsp;8.6 per cent annual growth rate for two-bedroom apartments and&nbsp;12.5 per cent&nbsp;for three-bedroom apartments.

Urban has had a look at the best&nbsp;apartment projects which are currently selling&nbsp;in Burleigh Heads.

<h2>1.Sea</h2>

<h2>Developer: Forme</h2>

<h2>Price: From $3,500,000</h2>

Forme&#39;s new, high-end lifestyle development is a sophisticated edition landing in the sought-after Burleigh Heads beachfront address of 96 The Esplanade.

The apartments are designed by renowned architects Koichi Takada with interiors by award-winning curator Mim Design - the same exclusive collaborators behind Forme&#39;s exclusive Goodwin Terrace project, Norfolk.

[smartcode_project:default project_id=99968 project_image_fid=187419]

Sea comprises half-floor apartments, each spanning 240 sqm and homing&nbsp;three bedrooms, three bathrooms, two car spaces and a panorama of beach, ocean, skyline and headland views.

Full-floor residences are on offer for $8,000,000. Spanning a massive 4852 sqm, these homes are configured to include three ensuited bedrooms, plus a fourth bedroom, a media lounge, a home gymnasium, a walk-in wine display bar, while utilising the remaining space for lifestyle space with a fireplace and butler&#39;s pantry.

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The level two&nbsp;wellness podium epitomises Sea&rsquo;s commitment to an elevated level of leisure, lifestyle and luxury to include a pool, sauna, ice baths, gymnasium and pilates studio, bathroom facilities, and an alfresco dining terrace serviced by an integrated barbecue kitchen.

Forme director David Calvisi said Sea translates to a sophisticated statement of inspired design, refined social amenity and considered lifestyle opportunities to become an outstanding destination in its own right.

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&ldquo;Sea is the very essence of beachfront living embracing our coastal climate, contemporary comforts and relaxed vibe in an unequivocally refined, intuitive and practical composition for the astute purchaser.&rdquo;

Each considered space is articulated with Sea&rsquo;s trademark curves, honed natural stone and coastal colour palette while equipped with state-of-the-art inclusions.

<h2>2. Glass House</h2>

<h2> Developer: Spyre Group</h2>

<h2>Price: From $12,000,000</h2>

South East Queensland developers,&nbsp;Spyre Group, has recently launched their most boutique project yet.

[smartcode_project:default project_id=104773 project_image_fid=188871]

Having spent around $11 million on 10 Goodwin Terrace last year, the Andrew Malouf-led developer is set to create Glass House, a boutique collection of&nbsp;just three apartments on the near beachfront site. There were initial&nbsp;discussions with the Gold Coast council for a six-level development, but Spyre saw the continued demand for that high-end product.

Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is set to be crowned by a two level penthouse with its own private rooftop pool.

[smartcode_project:default project_id=104773 project_image_fid=188873]

<h2>3. Sandbar</h2>

<h2>Developer: Morris Property Group</h2>

<h2>Price:&nbsp; From $1,590,000</h2>

The nearly sold-out Sandbar, by Morris Property Group, is a higher density project in the sought-after suburb.

Only three-bedroom apartments remain in the 163-apartment, 26-level&nbsp;project at 1969-1971, Gold Coast Highway.

[smartcode_project:default project_id=7013 project_image_fid=86634]

The two-bedroom apartments had&nbsp;started at $515,000 before selling out.&nbsp;The three-bedroom plus family room apartments with ocean and Burleigh Headland views are available from $1.59 million.

The Sandbar apartments have a contemporary feel and are designed to give residents the fell of living in a beach house. Featuring an entire level dedicated to recreation, Sandbar features&nbsp;a fully equipped gym, yoga deck, residents lounge, covered BBQ area and swimming pool.

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With an extensive vista spanning from Coolangatta to Surfers Paradise, Sandbar encompasses breathtaking views of the coast and hinterland.&nbsp;

<h2>4. De-Luxe</h2>

<h2>Developer: Weiya Holdings</h2>

<h2>Price: From $1,422,970</h2>

The Sydney-based Weiya Holdings are transforming the Old Burleigh Theatre,&nbsp;in what will be the first ever adaptive&nbsp;re-use of a building with heritage elements on the Gold Coast.

The Goodwin Terrace development, dubbed&nbsp;DE-LUXE, will see the the 1930s cinema, which closed its doors around 1970s to become the retail and dining Old Burleigh Theatre Arcade, completely transformed.

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Weiya are keeping large parts of the building, which is considered a landmark by locals, with the ground level and arcade being retained and restored, and&nbsp;13 levels of apartments built above.

Conrad Gargett Architects, who specialise in heritage restoration, have been called in to handle the design of the development.

[smartcode_project:default project_id=102645 project_image_fid=178435]

Two-bedroom apartments, which had been priced from $1.42 million, have all already been sold.

From levels three to 10 are two-per-floor pavilions, with 300 sqm of living space which start from $3,700,000&nbsp;million. The sub-penthouse skyhomes, on levels 11 and 12, are over 400 sqm and have a $6,900,000 million price tag. The two-level, new York style beach houses start from $5,800,000 and the two-level penthouse, which spans levels 12 to 13, takes up 485 sqm and feature it;s own private lift access and&nbsp;wine cellar, is asking a cool $8,900,000.

Recently talks and community discussion have begun for the proposed Gold Coast Light Rail Stage 4 extension, which will see a stop included for Burleigh Heads, further earmarking this spot as a prime living location

alisonwarters@gmail.com

The top four Burleigh Heads apartments on the market right now

It can be argued, whether by average sale price or by a simple glance, that the recent Burleigh Heads apartment projects by the South East Queensland developer Forme, are among the best ever built on the Gold Coast.

First to be completed under the new development brand Forme&nbsp;was Norfolk, the&nbsp;first multi-residential development on Burleigh&#39;s Goodwin Terrace in three decades.&nbsp;

Completed half way through last year, Norfolk is one of the most impressive ever produced in the area, if not Queensland, a rare development on the Gold Coast designed by internationally acclaimed Sydney architecture firm Koichi Takada Architects. Norfolk was the first building designed by Koichi Takada on the Coast.&nbsp;&nbsp;

The design was a&nbsp;hit across the country. The curved facade even became one of the famous Bondi-based Aquabumps prints, after going viral on Instagram. Adding to its obvious design aesthetics&nbsp;was the average sale price,&nbsp;touching $5 million, with the $9 million penthouse sale marking the highest ever apartment price south of Mermaid Beach for a completed development. There was another $8.5 million sale in the building, which itself would have also set the record.

Norfolk was also recently nominated for Building of the Year in the ArchDaily Awards, a world-wide competition where it was pitched against apartment projects in Japan, the United States, France, Germany and Sweden. More recently Norfolk has been featured on one of the worlds largest design blogs DeZeen, making it the first ever project on the Gold Coast to be featured on this blog.

Norfolk really has put the Gold Coast on the world stage with respect to architecture and design.&nbsp;&nbsp;

Norfolk set the scene for Luna, completed just a few months after Norfolk. The&nbsp;eight apartments, sold out around a year before completion, fetched&nbsp;an average $4.6 million. It was the international success and acclaim&nbsp;of Norfolk however that&nbsp;had&nbsp;Forme managing director David Calvisi thinking about their latest project.

&quot;We went back to Koichi and had him design another masterpiece&quot;, Calvisi said, although it wasn&#39;t just the chief architect who was retained from Norfolk.

&quot;Everyone from Mim Design, the award-winning Melbourne-based interior design firm, to the landscape architecture firm and&nbsp;builders, were brought on again,&quot; Calvisi added.

The new project, dubbed Sea, around the corner from Luna and Norfolk at 96 The Esplanade, has just 27 apartments across its 18&nbsp;levels.

[smartcode_project:default project_id=99968 project_image_fid=187431]

There&nbsp;will be 23 half-floor apartments of around 245&nbsp;sqm, as well as three full-floor residences with around 490 sqm of space.

Crowning the tower will be a special&nbsp;two level penthouse, expected to fetch around $16&nbsp;million. Across its 822&nbsp;sqm floor plate will be a gym, library and executive office, wine cellar, theatre and private rooftop pool.

[smartcode_project:default project_id=99968 project_image_fid=187416]

The layouts of all of the apartments have been designed to maximise the views and take in natural light.

The open plan living areas typically have bene oriented east to face the ocean, with more private spaces located at the rear of the building.

So far the project has been a hit with a mix of interstate buyers and local owner-occupiers. There&#39;s even been a number of buyers come from Luna and Norfolk.

[smartcode_project:default project_id=99968 project_image_fid=187419]

&quot;Some are wanting a second high-end apartment in the area in which they will move in to when it is completed, while others have bought a Sea apartment for the extended family.&quot;

&quot;It&#39;s great to see repeat buyers from previous projects that acknowledge the high quality product we design and deliver. Development is not just about producing a pretty render, delivering is the most challenging aspect,&quot;&nbsp;Calvisi said.

Forme, ran by Calvisi and his&nbsp;mate Byron Griffith, have been developing on the Gold Coast since 2017. Their first development was North Residences in Burleigh Heads, which was the first one-per-floor luxury development on the Gold Coast post GFC.

It&#39;s clear Calvisi and Griffith were early to understand the attractions of beach front developments on the Southern part of the Gold Coast.&nbsp;&nbsp;

&quot;It&#39;s always been about delivering quality for buyers. That&#39;s how you keep people coming back to your projects, and ultimately retain business.

[smartcode_project:default project_id=99968 project_image_fid=188074]

&quot;It&#39;s been clear with Norfolk, Luna, and Sea, that if you continually produce a high-level of finish, with high quality architecture, interior design, and most importantly a high quality builder, you will get repeat business, and local foot traffic and word of mouth builds.&quot;

Calvisi said the aim with&nbsp;Norfolk was to&nbsp;create a&nbsp;product which the Coast hasn&#39;t seen before.

&quot;We really wanted to break through what has been produced previously, bringing on Koichi whose designs were prominent down South, but hadn&#39;t graced the beaches of the Gold Coast before. Koichi and myself drew inspiration from international destinations such as Miami in Florida.&quot;

[smartcode_project:default project_id=99968 project_image_fid=187411]

&quot;It was no surprise to us how the three projects have been welcomed, both by buyers who were seeking a unique design&nbsp;which hadn&#39;t been on offer before, and&nbsp;the real estate and design industry.&quot;

Forme is currently putting plans together for their next project, another by Koichi design, located just behind Sea.

&quot;We&#39;ll be developing something that is&nbsp;a little more price-pointed orientated, with the option of one and two-bedroom apartments, as well as the larger apartments toward the top of the building. However the high quality finish and design that has become synonymous with Forme developments will of course be retained,&quot;&nbsp;Calvisi said.

[smartcode_project_cta: project_id=99968]

Calvisi said the aim with Norfolk was to create a product which the Coast hasn't seen before

The best collection of apartment projects on the Gold Coast? Five minutes with Forme's David Calvisi

The high-end South East Queensland developer, Forme, has been given the green light for its next luxury Gold Coast apartment development.

Dubbed Sea, the boutique apartment building follows the rhythms and designs as their sold-out Goodwin Terrace projects Norfolk and Luna.

Demand was so high for Norfolk, which recently settled as one of the Gold Coast's most expensive apartment developments, that Forme boss David Calvisi put together the same team to create a similar-style project slightly further south on The Esplanade.

He had&nbsp;Koichi Takada again handle the architecture. His designs for Norfolk made the building a hit on Instagram. The curved facade even became one of the famous Bondi-based Aquabumps prints.

[smartcode_project:default project_id=99968 project_image_fid=187434]

Interiors have again been directed by the Melbourne-based interior design firm Mim Design, headed by the interior design queen Mim Fanning. The design approach came from the coastline just across the road.

Sea comprises half-floor apartments, each spanning 240 sqm and homing&nbsp;three bedrooms, three bathrooms, two car spaces and a panorama of beach, ocean, skyline and headland views.

Full-floor apartments of around 480 sqm are configured to include three ensuited bedrooms, a multi-purpose room, media lounge, home gym, walk-in wine display bar, and a&nbsp;lifestyle space with a fireplace and butler’s pantry.

Residents are afforded exclusive access to an array of in-house amenities including a pool, sauna, ice baths, gymnasium and pilates studio, and an alfresco dining terrace serviced by an integrated barbecue kitchen ensconced by idyllic gardens.

Sea is crowned by a 790 sqm, two-level penthouse.

[smartcode_project:default project_id=99968 project_image_fid=187431]

Forme director David Calvisi said Sea translates to a sophisticated statement of inspired design, refined social amenity and considered lifestyle opportunities to become an outstanding destination in its own right.

“Sea is the very essence of beachfront living embracing our coastal climate, contemporary comforts and relaxed vibe in an unequivocally refined, intuitive and practical composition for the astute purchaser.”

Sea is set&nbsp;to launch in December,&nbsp;with a number of apartments already secured in the pre-release phase through JLE Projects.

[smartcode_project_cta: project_id=99968]

[smartcode_project:default project_id=99968 project_image_fid=187420]

Dubbed Sea, the boutique apartment building follows the rhythms and designs as their sold-out Goodwin Terrace projects Norfolk and Luna

Forme get green light for Sea, their latest luxury Burleigh Heads apartment development by Koichi Takada

Morris Property Group, the popular&nbsp;Canberra and Gold Coast developer, has landed its next apartment development.

It&#39;s in the hot Burleigh Heads market, where MPG, headed by development veteran Barry Morris, has secured a 2,024 sqm double block at 1873-1875 Gold Coast Highway.

They&#39;ve paid $12.9 million for the site, sold through GV Property Group&#39;s Antonio Mercuri, which sits just 300 metres from the Burleigh entertainment and lifestyle precinct.

MPG plans a development comprising predominantly two-bedroom,&nbsp;two-bathroom&nbsp;apartments to provide housing more affordable to a broader section of the community.

<a href="/new-apartments/bondi-burleigh-1873-1875-gold-coast-highway-burleigh-heads-qld-4220">To keep up to date with the development and its launch, enquire here</a>

&quot;Burleigh Heads is a great lifestyle location and represents the relaxed Gold Coast way of life. 1873-1875 Gold Coast Highway is an amazing opportunity to provide more buyers with the opportunity to enjoy the Burleigh life,&quot;&nbsp;Barry Morris said.

<img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/burleigh_hero_2.jpg" width="1200" />

&quot;The purchase of the Burleigh 1873 property comes hot on the heels of the group&rsquo;s purchase of 13-15 Armrick Avenue Broadbeach and 13-15 Australia Avenue Broadbeach as the group replenishes its Gold Coast development and construction pipeline.

&quot;There are several developments in the Burleigh area that offer multi-million dollar apartments to a select few; this is not our target market. We want more people to be able to enjoy Burleigh and everything it has to offer.&quot;

Antoni Mercuri, whose&nbsp;GV Property Group sold MPG the site, said there were over 20 enquiries from developers and investors, with six development groups&nbsp;submitting offers.

&quot;It is rare to find such a holding in the Burleigh precinct bounded by The Esplanade and the Gold Coast Highway, and the competitive tension between developers was a testament to the popularity of the area,&quot; Mercuri said.

<a href="/new-apartments/bondi-burleigh-1873-1875-gold-coast-highway-burleigh-heads-qld-4220">To keep up to date with the development and its launch, enquire here</a>

Morris Property Group first started developing on the Gold Coast in 2005 when they created Verve Broadbeach.

Since then, MPG has completed seven towers in Broadbeach, two in Mermaid Beach and three in Burleigh Heads totalling over 1,200 apartments.

The group has two Gold Coast apartments projects under construction including Sandbar Burleigh Heads and&nbsp;Essence Surfers Paradise. They recently sold out all of the apartments in Koko Broadbeach and Opus Broadbeach.

Only 10 apartments remain in Sandbar Burleigh, the 26-level development with 163 apartments.

MPG plans a development comprising predominantly two-bedroom, two-bathroom apartments to provide housing more affordable to a broader section of the community.



Morris Property Group set for Burleigh apartment tower after site purchase

Burleigh Heads is set to look completely different in a few years, with major residential projects lined up for the small coastal Gold Coast suburb.

Developers are seeing success with large and boutique developments,&nbsp;with the most popular spot on the beach facing The Esplanade seeing heightened demand.

David Calvisi&#39;s FORME is set to create the Koichi Takada-designed Sea, while further down the road will be Allure&#39;s 88 Burleigh.

The site amalgamation specialists GV Property Group are anticipating major local demand for a&nbsp;2,024 sqm site at&nbsp;1873-1875 Gold Coast Highway, Burleigh Heads.

It&#39;s set on the sought-after beachside of the highway, meaning any potential development will likely enter from the highway, but would be oriented to the face the quieter beach.

There&#39;s a 53 metre height limit, around 17 levels. There&#39;s currently two apartment blocks, with 16 apartments.&nbsp;The site is <a href="https://www.gvpropertygroup.com/ ">for sale via expression of interest</a> closing 14th October.&nbsp;

GV Property Group&#39;s Antonio Mercuri said the amalgamation process has allowed this double block with a 40m frontage the opportunity to be redeveloped into high-rise apartments or a hotel or&nbsp;short stay accommodation.

&quot;This collective sale of 16 individually owned apartments has scope to turn into 60+ and more new apartments located in the heart of the southern&nbsp;Gold Coast,&quot; Mercuri says.

&quot;The location provides depth in all areas of the market from first home buyers, investors, down-sizers, weekenders and owner-occupiers.&quot;

<img alt="" height="888" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/1873-1875_gold_coast_hwy_burleigh_2.jpg" width="1200" />

Carly Cottam, who heads the boutique sales and marketing agent MOTIV, says the site lends itself to a development of apartments starting from larger one-bedroom plus media room apartments all the way through to four-bedroom apartments.

Cottam says there should an emphasis on curated ground and rooftop amenity to compliment the lifestyle Burleigh Heads offers residents and visitors.

Cottam adds that across the South East Queensland market, in particular in lifestyle markets like Burleigh Heads, she has seen a real surge in owner-occupier demand, although more recently there&#39;s been increased demand from sophisticated investors.

&quot;Both buyer profiles are seeking larger liveable residences, quality, and connection to lifestyle amenities,&quot; Cottam&nbsp;says.

She says that the site is&nbsp;located in an extremely desirable location, with immediate access to The Esplanade and&nbsp;within walking distance to lifestyle amenities including James Street, Burleigh Head National Park and the upcoming Light Rail.

Todd Matheson, associate director at KMSM, said that Burleigh Heads continues to see incredible uptake of any project released to market with a drive to boutique buildings offering larger apartments aimed at owner occupiers looking for liveable apartments, close to lifestyle amenity including cafes, restaurants, beaches and shopping.

&quot;For this location, we would recommend a combination of smaller two bedroom and three bedroom apartments with roof top amenity allowing for the low floors with limited views to utilise the roof top to entertain and take advantage of views.

&quot;Overall, the site is located in arguably the most desired suburb on the Gold Coast and close to Burleigh&rsquo;s centre allowing an emphasis of walkability to all the amenity yet far enough away for peace and quiet.

&quot;Depending on finishes and the final breakdown of a project, we are confident in achieving sales rate of $9,000 to $11,000 in this current market, with possible uplift to $12,000 even $12,500 for the highest levels.

Developers are seeing success with large and boutique developments, with the most popular spot on the beach facing The Esplanade seeing heightened demand

Apartment developers set to swoop on Burleigh Heads apartment site, as stock tightens

Burleigh Heads has become one of the hottest apartment markets in the country in the last six months or so, with a swell of new developments set to transform the Gold Coast suburb.

There&#39;s a wide variety of projects in train, from De-luxe, the Gold Coast&#39;s first&nbsp;ever adaptive re-use of a building with heritage elements on the Gold Coast, to David Calvisi&#39;s FORME set for another boutique apartment development that could see the penthouse sell for a record $15 million.

De-Luxe is the Goodwin Terrace development of the Sydney-based Weiya Holdings, who are transforming the Old Burleigh Theatre in to a 13-level, 30 apartment building, while keeping the 1930s heritage on the ground level.

The apartments will sit above the existing two storey volume, which will home a street front retail arcade with modern cafe and retail tenancies. John Flynn, director of the Brisbane-based architecture firm Conrad Gargett who specialise in heritage restoration,&nbsp;said the project is exceptionally unique.

[smartcode_project:default project_id=102645 project_image_fid=172103]

That sits up the road from FORME&#39;s luxury project Norfolk, sold-out and currently under construction. FORME, led by David Calvisi, secured $9 million for the penthouse, the highest price paid for an apartment on the Gold Coast south of Mermaid Beach.

The project also saw two further apartment sales at $8.5 million.

Calvisi has had Koichi Takada, who designed Norfolk, to create his latest soon-to-be launched project at 96 The Esplanade, with half of the apartments snapped up by buyers who missed out on Norfolk.

[smartcode_project:default project_id=99968 project_image_fid=159158]

A few doors down at 88 The Esplanade is Allure&#39;s 88 Burleigh, a glass tower of 31 apartments which start from $2.4 million. Alba by the Devine Group will also sit on the strip. That will have half and full-floor apartments across its 21-levels, with prices starting from $2.25 million.

There&#39;s set to be further apartments in Burleigh Heads with GV Property Group, the specialists in selling development sites, listing&nbsp;1929 Gold Coast Highway.

It&#39;s an amalgamation of seven lots, with individual apartment owners banding together to sell the 1,012&nbsp;sqm site, less than 100 metres from the beach. They have the EOI campaign closing August 26.

[smartcode_project:default project_id=92609 project_image_fid=157097]

GV Property&#39;s Antonio Mercuri says the purchaser could seek to create an apartment offering&nbsp;around 17 storeys, at the current 53 metre height limit,&nbsp;with between 40 to 60 apartments. If they went down the impact assessment route, a 26-level development could be possible.

Mercuri says the recent influx of beachfront projects in Burleigh leaves a gap that needs to be filled between ultra-high-end luxury and affordable apartments.

&quot;Not all apartment buyers are looking for beachfront projects, which often command price points starting from $2 million,&quot; Mercuri says, adding that he believes the future Gold Coast Highway spot will be a success, and will likely quickly sell out given the demand in the area.

Mercuri cited the success of Grace, the Second Avenue development&nbsp;by the Brisbane-based Mosaic Property Group. The 45-apartment project sold out prior to public launch in a matter of months, with prices starting from $695,000.

Sandbar, the Gold Coast Highway development by Morris Property Group, is also at the more affordable end of the scale, currently in market with prices starting from $759,900.

That site was also bought through GV.

Burleigh Heads has become one of the hottest apartment markets in the country in the last six months



Queensland's hottest apartment market: What's happening in Burleigh Heads

The Sydney-based Weiya Holdings are transforming the Old Burleigh Theatre in the sought-after area of Burleigh Heads, in what will be the first ever adaptive&nbsp;re-use of a building with heritage elements on the Gold Coast.

The Goodwin Terrace development, dubbed&nbsp;DE-LUXE, will see the the 1930s cinema, which closed its doors around 1970s to become the retail and dining Old Burleigh Theatre Arcade, completely transformed.

Weiya are keeping large parts of the building, which is considered a landmark by locals.&nbsp;

The ground level and arcade will be retained and restored, and will soon home 13 levels of luxury apartments built above the space.

Weiya, who since the announcement of the redevelopment of the theatre have been working with locals groups and council,&nbsp;called on Conrad Gargett Architects, who are specialist in the heritage restoration space, to handle the design.

[smartcode_project:default project_id=102645 project_image_fid=178415]

Rey Boliver, associate interior designer at Conrad Gargett, said the most important factor was how to make a point of difference at DE-LUXE.

"We ask ourselves a simple question:&nbsp;In the&nbsp;sea of travertine and polished plaster, that is found within these similar developments, what can set us apart?"

"It all comes down to the theatre" Boliver says.

"The theatre is what makes this whole project special and unique."

[smartcode_project:default project_id=102645 project_image_fid=178432]

The two-bedroom apartments, which had been priced from $1.42 million, have already sold out. They have over&nbsp;200 sqm of living space, which is a more standard size for a four-bedroom apartment.

Recently launched through&nbsp;Patrick Pancur of Weiya Holdings

From levels three to 10 are two-per-floor pavilions, with 300 sqm of living space. They start from $3.7 million.

The sub-penthouse skyhomes, on levels 11 and 12, are over 400 sqm and have a $6.9 million price tag. The two-level penthouse, which spans levels 12 to 13, spans 485 sqm.

That has its own private lift access and its own wine cellar. Pancur is asking $8.9 million for the penthouse.

[smartcode_project:default project_id=102645 project_image_fid=178435]

The two-level,&nbsp;New York-style beach houses, start from $5.8 million. They're using the original natural brick and timbers, mixing the old and new creating the first ever heritage mix beach house.

There's been some interest from some who want to amalgamate two penthouses, which would create a 970 sqm space. That will cost a cool $17.8 million.

The two-level, New York-style beach houses, start from $5.8 million.&nbsp;

[smartcode_project:default project_id=102645 project_image_fid=172103]

Pancur says DE-LUXE is&nbsp;a very unique offering, something Burleigh Heads, or even the Gold Coast, has never seen before.

"It's certainly a special project," Pancur says. "There will never be a repeat of this development, on one of Burleigh's best streets."

"In the villas, as well as the lobby and common areas, we have a lot of the natural materials that are used," Pancur added.

[smartcode_project:default project_id=102645 project_image_fid=178439]

His early interest has came from the locked down Sydney and Melbourne, as well as a lot of local interest. But more recently he's seen high demand from local Burleigh, either who grew up seeing movies in the theatre as a child or remembering the old childhood days in the arcade.

"DE-LUXE has a sentimental value and you can’t get this from any project on the Gold Coast. DE-LUXE is something special and has a story to tell for many generations to come."

Weiya Holdings&nbsp;General Manager Garry Doherty said they are looking forward to bringing Burleigh Heads the innovative project.

[smartcode_project:default project_id=102645 project_image_fid=178449]

“It’s been a long road to get here but we are extremely grateful for the feedback from community that allowed us to devise a truly unique design that maintains that connection to the community while providing sought-after residences on one of the Gold Coasts’ most coveted beachfronts,”&nbsp;Doherty&nbsp;said.

[smartcode_project_cta: project_id=102645]

Selling agent Patrick Pancur says DE-LUXE is a very unique offering, something Burleigh Heads, or even the Gold Coast, has seen before



Inside the DE-LUXE apartments: What the Old Burleigh Theatre is set to look like

The South East Queensland developer&nbsp;<a href="/developers/mosaic-property-group">Mosaic&nbsp;Property Group</a> are set for their next development on the Gold Coast.

It's going to be their most boutique offering yet, with just nine whole floor apartments planned for the Burleigh Heads dress circle The Esplanade.

It will be located just up the road from their successful 47 apartment development Grace by Mosaic, which sold out in just a few months late last year.

The new apartments at 42 The Esplanade, dubbed Augusta by Mosaic, will be designed by the architecture firm bureau^proberts and will replace the current brick apartment block built over five decades ago.

Mosaic Property boss Brook Monahan says the development will set a new benchmark of luxury living for an upmarket boutique building in Burleigh Heads.

"This is a genuinely world-class, one-of-a-kind&nbsp;address," Monahan told Urban.

<img alt="" data-entity-type="" data-entity-uuid="" height="789" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mosaic_main_1.jpg" width="1200" /> 
Source: Excerpt from Architectural Plans prepared by bureau^proberts.

"We are pleased to have the opportunity to create another outstanding address in Burleigh Heads, following the success of our first&nbsp;Burleigh project, Grace by&nbsp;Mosaic, which sold out in a matter of months.

"Our primary goal with 42 The Esplanade is to make it the most desirable, exclusive, and in-demand place to live on the entire beachfront in Burleigh.&nbsp;

Monahan says the the design draws on the areas’ natural beauty.

"The composition boasts honest materiality and elegant form," Monahan says.&nbsp;It is singular in its execution while remaining authentic within the local context."

In the design statement, bureau^proberts say the architectural design has a strong focus on subtropical building form,&nbsp;with a lightweight and breathable façade, lush green landscaping that continues from the ground level up and around the building,&nbsp;and an organic floor plate that pays homage to the undulating Burleigh headland.

<img alt="" data-entity-type="" data-entity-uuid="" height="528" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/mosaic_front.png" width="1088" /> 
Source: Excerpt from Architectural Plans prepared by bureau^proberts.

Mosaic are already fielding enquiry from their VIP, pre-launch access list.

The Heads will feature a&nbsp;ground level pool, dining and lounge area. The apartments start on the ground level, the first&nbsp;complete with a large 130 sqm terrace with outdoor kitchen and landscaping.

Each apartment above will have balconies over 35 sqm.

Mosaic double-down in areas where they've seen great success. They had the same idea in the exclusive Mermaid Beach area, further north on the Gold Coast

After seeing success at Bela, Mosaic bought a site a few doors down on Peerless Avenue and created Dawn, which secured 95 per cent of its sales within its first two weeks of its pre-release to their database.

Development overview:

9 storey built form;&nbsp;

• 9 x 3-bedroom dwelling units;&nbsp;

• Two (2) levels of basement car parking with 29 resident spaces and 3 visitor spaces;&nbsp;

• Ample on-site landscaping and deep planting areas sufficient to contain large shade trees and balance the built form elements;&nbsp;

• Generous communal open space on the ground level and large private balconies for each apartment oriented to the beach;&nbsp;

• Pedestrian access directly off The Esplanade frontage; • Vehicle access to First Avenue via the adjoining development site, 4 First Avenue;&nbsp;

• Highly articulated building envelope with large boundary setbacks and separation to maintain residential amenity and privacy;&nbsp;

• Subtropical architectural design focused on enhancing the character of Burleigh Heads

Design statement

The site at 42 The Esplanade gives new opportunity to acknowledge Burleigh's beachfront appeal. The tower’s form is sensitive to its site and neighbourhood by responding to the existing Norfolk Pine trees, key aspect views and privacy requirements from its neighbours. The 9, single floor, vertically stacked coastal homes achieve stunning beachfront and headland views by opening the living areas out to the east, with the master bedroom placed prominently to give the residents an unrivalled northern aspect. The glazed envelope is protected down each side with horizontal batten screens which rhythmically move in and out as they rise up the building.&nbsp;

The slab edges move and fold around the building, reaching out to connect its inhabitants with the Esplanades’ parkland, then cutting in to open up views and angle breezes through the interior spaces. The movement of the floor plate is an homage to the undulating outcrops of the nearby headland.&nbsp;

Landscape is employed at the ground level to interact with the street and give space to the existing Norfolk Pine which has been previous been constrained on all edges. This allowance of space is replicated up the building with the southeast corners being cut back to give the tree its breathing space. Vegetation is continued up and around the building, creeping through the screens and with time, will drape and soften the building edges and contribute to the visual and micro-climatic coolth around the tower. As response to the beachfront climate, large outdoor living areas reduce the reliance on indoor conditioning. Breezes are mapped such that openings across and through the plan allow for effective cross ventilation of the interior

Mosaic Property boss Brook Monahan says the development will set a new benchmark of luxury living for an upmarket boutique building


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