Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

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"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

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After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

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Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

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Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

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Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

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ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

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Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

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Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

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Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

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Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

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The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

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Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

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Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

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Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

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Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

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The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

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The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Gold Coast Apartments

The longstanding South East Queenslander developer, Drew Group, have submitted plans for their next project.

It&#39;s set in the heart of Main Beach at 11 Cronin Avenue, where they have plans to develop two soaring apartment towers dubbed Lagoon Main Beach.

Drew Group, led by Jonathan Drew since 2005, have history in the area and know it well,&nbsp;having previously created the 16-level, 29-apartment developer Cerulean on&nbsp;Pacific Street.

&ldquo;As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this concept will be the central focus throughout the project until future residents move in,&quot; Drew said.

The company, founded in the early 1980s, have recently developed&nbsp;The Beach Houses, a collection of 15 luxury villas at Kirra Point, and their latest project The Village, 72 apartments and beach houses at Palm Beach.&nbsp;That was the fastest selling project in the Gold Coast over 2019 and 2020, securing all of the apartments in just three months.

Lagoon Main Beach will be one of their&nbsp;highest&nbsp;density projects, homing 248 apartments across two towers. It will be set however across a sprawling 4,000 plus sqm site, an amalgamation not seen since the 1980s. Drew Group will reduce&nbsp;the seven existing cross overs to just three.

The towers&nbsp;will be linked by a central resort-style heated swimming pool and spa area, hence the name Lagoon. Here will also be barbecue areas, pool lounges, and a 65 sqm gym with treatment rooms.

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Tower 1 will be the larger of the two towers, soaring 31 levels in to the sky and having 137 apartments. It&#39;s a mix of 100&nbsp;two-bedroom apartments, which start from 91 sqm of internal space, and 34 three-bedrooms which start from 154 sqm of living area. The typical floorplan will see five apartments per floor, up until level 27, where the larger three-bedroom sub-penthouses start.

The three four-bedroom penthouses&nbsp;start from level 30 and are spread across two levels.&nbsp;The ground level homes three of the four bedrooms, as well as the kitchen living and dining space. Upstairs is the master suite, a media room, and a huge terraces reaching over 100 sqm terrace with outdoor kitchen, dining area, and private plunge pool.

Tower 2 will rise 23 levels and have 111 apartments, a breakdown of 89 two-bed apartments and 22 three-bedders.

Both will have level 15 residential lounge, where there will be a focus on the new work from home life, with a number of work from home booths, a meeting room,&nbsp;multi purpose rooms&nbsp;and terraces.

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Drew Group appointed Plus Architects to design the development with sustainability, environmental, infrastructure and urban renewal at the forefront of their brief resulting in a well crafted design that answers the needs of modern apartment living.

The towers have been oriented to maximise the views by Plus, who say it&#39;s all about the water.

&quot;[It&#39;s] beach side living with resort-style lifestyle&quot;, Plus wrote in their submission to the Gold Coast City Council.

&quot;The design is approached with simple vision inspired by the rolling waves and soft natural forms of the coastline,&quot; the executive summary by Plus read.

&quot;The towers are shaped to enhance the visual experience of its residents, forming undulating waves along the Northern and Southern facades generating a highly articulated form. The stagger of building form direct views from each apartment, providing a curated experience of the coastline and hinterlands.&quot;

The towers will be set in landscaping by&nbsp;FORM Landscape Architecture, who have focused on the landscape vision to connect to the poolside, create a statement identity on arrival, instal vertical greenery on the tower, and engage ground landscape and street interface.

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<h2>Executive Summary</h2>

The design is approached with simple vision inspired by the rolling waves and soft natural forms of the coastline. The towers are shaped to enhance the visual experience of its residents, forming undulating waves along the Northern and Southern facades generating a highly articulated form.

The stagger of building form direct views from each apartment, providing a curated experience of the coastline and hinterlands. These elegant forms are reinforced by adopting a refined and timeless palette.

The proposed design provides a high level of lifestyle and amenity with generous recreational facilities on the podium including an expansive lagoon inspired pool and spa with integrated lounges and cabanas linking the two towers. Connected to this is a gymnasium, BBQ and dining areas. Additional recreation space punctuates the tower forms at the 15th level offering all residents access to work from home suites, shared lounges and terraces to further experience the expansive views.

This document is to be read in conjunction with the development application report prepared by UPS for the development of a 2 tower, 23 and 31 storey residential development at 11-23 Cronin Avenue, Main Beach. The locality contains a mixture of existing and future developments up to 36 storeys.

[smartcode_project_cta: project_id=108747]

<h2>About the developer</h2>

Drew Group have been delivering apartments across SEQ for the last 15 years. Drew Group is a family owned property development and investment company that has been operating in Queensland since 1982. Jonathan Drew has been managing director of the company since 2005.

&ldquo;Our focus on opportunities has been market driven, giving us a wide scope of experience across a range of project types including residential, retail, commercial and hotel developments,&quot; Drew Group note.

&ldquo;As a group we focus on attention to detail with all our projects and look for opportunities to exceed in design, location and results. Through a very &ldquo;hands on&rdquo; approach to all aspects of the development process we manage to successfully obtain optimal outcomes for our buyers and investors.&rdquo;

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Lagoon Main Beach will be a higher density project for Drew Group, homing 248 apartments across two towers

First look exclusive: Drew Group submit plans for two-tower apartment development, Lagoon Main Beach

Despite offering developer unlimited height restrictions, some developers in the Gold Coast suburb of Broadbeach are opting for more boutique projects, as the demand for bigger apartments at higher price points continues to heighten.

The newest plans will see a boutique block of just&nbsp;10 full floor apartments built, one of which, the penthouse, which will span two levels.

Despite the unlimited heigh limit at&nbsp;131 Old Burleigh Road, the local Dovrat family have opted for a more boutique tower, following in the footsteps of the likes of Little Projects Co. and Marquee Developments.

The Old Burleigh Road apartments will have 288 sqm of internal living area, with a further 58 sqm of balconies, including an east-facing 43 sqm balcony off the open plan living, kitchen and dining area. Each of the three bedrooms will have a walk-in wardrobe and an ensuite. There will also be a multipurpose room.

The whole floor apartments run to level 12, where the two-level penthouse starts. That will have a private rooftop terrace with its own wet edge swimming pool, dining area, outdoor kitchen, lounge area, and a sauna.

<img alt="" height="758" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/131_old_burleigh_3.jpg" width="1200" /> 
The plans for 131 Old Burleigh Road. Image credit: Raunik Design

The resident amenity will be across levels one and two and will include an entry lobby, a swimming pool, a private dining space with kitchen, and a gym.

The town planning report by Planit Consulting stated the proposal by Raunik Design&nbsp;is of high architectural quality, expressing a luxurious and contemporary design through bold horizontal elements that complements the coastal character of the local area.

&quot;The façade is comprised of naturally forming elements such as glass and concrete and incorporates black aluminium frames and horizontal battens. The elegant concrete façade wraps around each floor floated by tinted glass allowing for natural light in addition to shading and privacy and unobstructed views in every direction.

&quot;The use of glass on the ground and mezzanine level activates the streetscape creating visual interest on a pedestrian scale. The built form presents low site coverage and substantial setbacks at the first two levels to create a legible entry and contribute positively to the streetscape.

Given its proximity to Surfers Paradise, traditionally Broadbeach has been a magnet for high density apartment towers, some with hundreds of apartments. But that&#39;s left a gap in the market for the downsizer or owner-occupier, who ranks space over location.

One of the next boutique projects to launch is Aperture,&nbsp;just 29 full floor apartments at 20 Mary Avenue. That&#39;s&nbsp;being developed by Little Projects&nbsp;Co, who recently sold out their $200 million Signature Broadbeach tower nearby.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/little_projects_broadbeach_0.jpg" width="1200" /> 
The plans for Aperture&nbsp;at 20 Mary Avenue. Image credit: Elenberg Fraser

They&#39;ve had&nbsp;the award-winning architect&nbsp;Elenberg Fraser design the building.

To find out more about that project, <a href="/news/qld/little-projects-set-for-boutique-broadbeach-apartment-tower-aperture-aimed-at-the-luxury-owner-occupier">click here</a>.

The Brisbane-based Marquee Developments recently lodged plans for a 20-level tower of just 22 apartments at 17 Federation Avenue.

Hayes Anderson Lynch&nbsp;Architects have drawn up the plans for the 62 metre building which willl have&nbsp;six two-bedroom apartments, six three-bedroom apartments and 10-four bedders. It will also be crowned by a two-level penthouse.

To find out more about that project, <a href="/news/qld/broadbeach-set-for-luxury-apartment-tower">click here</a>.

Despite the unlimited heigh limit at 131 Old Burleigh Road, the local Dovrat family have opted for a more boutique tower, aimed at the owner-occupier or downsizer

Broadbeach developers pivoting to owner-occupier apartments as Old Burleigh Road tower plans are lodged

The Victoria &amp; Albert Broadbeach apartment project marketing campaign will commence in October through Colliers.

The $800 million mixed-use development will feature more the 330 apartments across two residential towers rising 30 and 40 levels.

The East tower known as The Albert will comprise 114 two, three and four-bedroom apartments over 30 levels.

The west tower, known as The Victoria, will rise over 40 levels and deliver 219 apartments of one, two and three bedrooms.

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Construction is expected to begin mid next year and take two years to complete, the first of many Gold Coast projects envisaged by Iris Capital, Sydney developer, Sam Arnaout.

The $800 million high-rise development on Broadbeach will transform Broadbeach’s Niecon Plaza which was purchased for $58 million earlier this year.

[smartcode_project:default project_id=107928 project_image_fid=184934]

The development will also include 5458 square metres of retail, dining and office space over two levels.

It will be the biggest project on Broadbeach since The Oracle apartments by the Nikiforides family more than a decade ago.

It was the same family which built the Niecon Plaza.

The site was bought from the family of late seafood king George Raptis.

The holding came with council approval for towers of 28 and 35 storeys, with a retail hub running from Broadbeach Mall to Albert Ave.

[smartcode_project:default project_id=107928 project_image_fid=184936]

“The opportunity to purchase the Broadbeach site was not taken lightly and is in line with what we have been looking for – a multi-faceted, mixed-use project with ground-floor activation that complements the vertical village we are proposing,”&nbsp;Arnaout said. 
 
“In my opinion, this is the best site in Broadbeach to deliver a landmark transformative precinct that will be well received by the end-user market and become an important legacy project for the Gold Coast.”

“Broadbeach is on the move and a new destination precinct is long overdue to complement the growth the region is experiencing,”&nbsp;Arnaout added.

“Our plans have been carefully crafted to ensure this will be a destination for everybody to enjoy. With every project we undertake, we like to dive into the DNA of an area and deliver for the end user. V&amp;A Broadbeach will meet those objectives and transform what is already one of the most dynamic and most recognised areas of the Gold Coast.”

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The marketing of apartments in V&A Broadbeach will occur in October through Colliers

jchancellor-FAypfDUnLy

Victoria & Albert Broadbeach set to launch in October

The coastal Gold Coast enclave of Palm Beach&nbsp;is one of the hottest property markets in the whole of Australia right now.

Palm Beach,&nbsp;the small six square kilometre suburb toward the bottom of the Gold Coast, was Urban&#39;s most popular suburb in August&nbsp;with sustainable interest, more&nbsp;than just spikes&nbsp;of enquiry coming from the southern locked-down states.

CBRE Director Nick&nbsp;Clydsdale, who has been selling real estate across the whole of the Gold Coast for nearly a decade, said there are a number of reasons why Palm Beach tops the shortlist for buyers.

&quot;It is&nbsp;the most accessible beachfront suburb on the Southern Gold Coast,&quot;&nbsp;Clydsdale said, with the seaside suburb just a peel off of the Gold Coast Highway,&quot; Clydsdale told Urban.

&quot;It&#39;s also got the most beautiful beach, bookended by two of the most beautiful headlands in Queensland, Currumbin and Burleigh&quot;,&nbsp;Clydsdale added.

Clydsdale said the location factor has been a big driver at Villea, the latest apartment project on the Gold Coast to hit the market.

[smartcode_project:default project_id=106840 project_image_fid=172253]

&quot;Villea is&nbsp;located a short distance from Tallebudgera Creek, a two minute walk from the beach, and is north-facing to Burleigh, views which will be forever protected due to the height limits in place. It gets the benefit of being at the end of an adjoining street to the Gold Coast Highway, giving residents the ease of access, without the traffic noise.&quot;

Everyone from first home buyers, local owner-occupiers, and&nbsp;interstate buyers have shown interest in the BDA Architecture-designed development, which features a luxury resort-style swimming pool, fully-equipped gym, and a recreational barbecue area.

Clydsdale, who is handling the sales&nbsp;on behalf of the Sydney-based developer Abadeen Group&nbsp;in their first foray in to the Gold Coast market, says around three quarters of the sales so far have come from locals (those from the Gold Coast as well as Brisbane).

Buyers from Sydney and Melbourne have accounted for around 25 per cent of all sales so far, a number which&nbsp;Clydsdale believes&nbsp;will only increase.

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&quot;We haven&#39;t really hit a wave of those interstate buyers just yet&quot;, Clydsdale said, adding that that wave will come when the borders reopen, if the project isn&#39;t sold out by then.

&quot;Villea has been attracting every demographic because it ticks all the boxes&quot;, Clydsdale suggested.

There&#39;s been a raft of first home buyers, who are finding the development more accessible compared to others in Palm Beach. Apartments start from $655,000 for the two-bedroom floorplans, and from $1.41 million for the three-bedroom stock.

Clydsdale says a&nbsp;major tick for buyers has been the ground floor retail.

[smartcode_project:default project_id=106840 project_image_fid=172252]

&quot;The convenience is something you just don&#39;t get in Palm Beach.

&quot;There&#39;s ground floor retail, where there will be something like a cafe, wine bar, bottle shop and pilates studio, just downstairs from the apartments.&quot;

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CBRE Director Nick Clydsdale said there are a number of reasons why Palm Beach tops the shortlist for buyers

Why Palm Beach is one of the most in demand suburbs on the Gold Coast

It took just a weekend soft launch for the luxury developer S&amp;S Projects to secure over half of the sales in its latest Gold Coast apartment development, Esprit.

Esprit, at 217-227 Boundary Street, in the sought-after Rainbow Bay location in Coolangatta, sold over half of the 97 apartments on offer in the two interconnected Cottee Parker-designed buildings.

No surprise in the quick-fire sales by KM Sales and Marketing agent&nbsp;Jayde Pezet&nbsp;given the location, the fact Esprit is crowned by Club Esprit, the Gold Coast&#39;s first ever residents-only rooftop wellness centre, and&nbsp;the size of the apartments.

They range between 109 sqm and 128 sqm and start from $825,000.

The three-bedroom apartments, from 151 sqm to 215 sqm, start from $1,915,000 and top out at $3.7 million.

[smartcode_project:default project_id=102921 project_image_fid=172173]

Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney&#39;s beaches and the intercity and fringe suburbs of Melbourne.

S&amp;S Projects boss Paul Gedoun said the demand for luxury pulsating across the southern Gold Coast.

&ldquo;Esprit is a new luxury residential high-water mark for Rainbow Bay on so many levels and that has been validated by the extraordinary number of sales secured over the weekend,&quot; Gedoun said.

&ldquo;It is more than a breathtaking place to call home and these astute buyers have recognised and been drawn by its superb location, exceptional level of amenity and superiority of design.&rdquo;

[smartcode_project:default project_id=102921 project_image_fid=172129]

Gedoun describes Esprit as a project &ldquo;born from Rainbow Bay&rsquo;s natural incitement of a restorative lifestyle rooted in enjoyment&rdquo;.

The rooftop wellness club, Club Esprit,&nbsp;will span more than 1,100 sqm and will feature every wellness and recreational amenity, dubbed as offering&nbsp;an elite-athlete standard of physical and mental rejuvenation.

There is set to be&nbsp;a fully equipped gym, yoga lawn, private remedial treatment room, ice bath, infrared sauna, steam rooms, 25-metre lap pool and poolside cabanas.

The wellness amenity is balanced by an expansive recreational space, including a children&rsquo;s lawn with play equipment, a private dining room, private terraces, BBQ areas and an outdoor cinema.

[smartcode_project:default project_id=102921 project_image_fid=172175]

&ldquo;Not only are residents securing an immaculately designed home but essentially also a lifetime membership to one of the most impressive and exclusive wellness clubs to exist on the coast,&rdquo; said Jayde Pezet of KM Sales and Marketing.

Esprit is S&amp;S Projects&rsquo; third venture in the beachfront residential enclave and surfing mecca,&nbsp;following the success of the sellout of the $74 million Flow Residences up the road, as well as the nearby Awaken Residences.

Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney's beaches and the intercity and fringe suburbs of Melbourne

Locals, Sydneysiders and Melburnians swoop on Esprit, S&S Projects Rainbow Bay apartments

The Brisbane-based development and construction firm, Siera Property Group, are the latest in a wave of developers heading to the Gold Coast for the first time.

Seira, headed by the managing director&nbsp;and founder Brent Thompson, has laid plans on the sought-after Chevron Island for a 17-level project dubbed Tapestry, paying homage to the Island&#39;s new Home of the Arts precinct.

The plans by the local BDA Architecture will see 83 apartments built on&nbsp;a 1,518&nbsp;sqm site at&nbsp;39-43 Darrambal Street, toward the southern end of the island.

Thompson, who sits on the board of UDIA QLD and chairs the Brisbane&nbsp;City Council&nbsp;Policy&nbsp;Committee, sees it as a shift in thinking for the company, who made their name in the Queensland capital developing luxury townhouses in Brisbane&#39;s inner ring.

&quot;Due to some council restrictions in Brisbane, we needed to identify a&nbsp;new opportunity where we could put a lot of effort in to what we&rsquo;re delivering,&quot; Thompson said.

[smartcode_project:default project_id=108641 project_image_fid=190796]

Thompson has spent a lot of time on the Gold Coast over the last 18&nbsp;months, spending time understand the Gold Coast market, as well as the Sunshine Coast and Brisbane,&nbsp;and why&nbsp;each market has been so desirable for different reasons.

&quot;Spending time on the ground allowed us to understand what was coming to the market, what developers were saying, and who was buying sites and where,&quot; Thompson added.

He identified some nice beachside opportunities, but really wanted to create something that was targeted at a wider net, rather than the multi million dollar apartments that are limited to the fortunate few.

[smartcode_project:default project_id=108641 project_image_fid=190803]

&quot;We want the local owner occupier, who could be living&nbsp;in a medium-size house in the area, to be able to downsize or rightsize, or have others who just want to find a new lifestyle, and have the opportunity to do so without being priced out.&quot;

The 55 metre building will comprise 28 three-bedroom apartments and 55 two-bedroom apartments, around half of those with multipurpose rooms. There will be six apartments per level until level 14 where there will be five.

The two-bedroom apartments start from 84 sqm, while the three-bedroom units have internal living areas between 113 sqm and 141 sqm. Every apartment has a balcony of at least 10 sqm, as well as their own parking space.

There are 94 parking spaces across the two levels of basement parking, and 29 on the street level.

[smartcode_project:default project_id=108641 project_image_fid=190802]

The street level will feature extensive raised planters and a water feature on entry to the lobby, where there will be a number of garden rooms and&nbsp;resident office space with a kitchen.

Crowning Tapestry will be a resident rooftop, complete with a resort-style&nbsp;swimming pool with day beds, a spa, and a pool deck. A&nbsp;barbecue and alfresco area, will sit in landscaping, as will dining surrounded by an edible garden. There&#39;s set to be a private dining space with a terrace and fire pit, a gym with sauna and steam room, and a lounging area with a lawn.

It was important for Thompson to go local with all of the intricacies that come with developing a project. He&#39;s used local architecture firm BDA, and&nbsp;is engaging local Gold Coast builders to deliver the project, despite Siera&#39;s previous experience in building their developments.

He&#39;s even gone a step further and, given the Gold Coast City Council&#39;s efforts to make Surfers Paradise an arts and cultural hub, has engaged local artist Tanya Blanchard to create a piece of artwork that will hang in the lobby when completed.

&quot;There&#39;s a great local community on Chevron Island. It&#39;s a tight-knit community, while being ideally located just five minute walk from the international tourist hub of Surfers Paradise,&quot; Thompson says.

BDA says the architecture of the proposed development is sculptural and smooth-lined.

[smartcode_project:default project_id=108641 project_image_fid=190801]

&quot;A mixture of vertical blade walls and horizontal slab edges responding to available views and natural light. Cantilevered balcony&rsquo;s protrude from the building body with curved edges softening the feathered edges,&quot; the submission to the Gold Coast City Council read.

&quot;Colours and materials have been selected to create a lightly textured and timeless material palette. White render, concrete, glass and timber screening create a rich and layered coastal effect.

About the developer

Siera Group,&nbsp;a property development and construction company, was established in 2014 by&nbsp;Brent Thompson.

Their primary focus has been apartments and terraces in Brisbane. In the last seven years, they&#39;ve&nbsp;developed more than 70 residential dwellings in key growth markets in South-East Queensland, with a total end value of $50 million.

One of the main focuses is&nbsp;to acquire premium sites within established community settings, with strong connectivity to lifestyle amenity, where they feel our investment in design can make a positive contribution.

[smartcode_project_cta: project_id=108641]

BDA says the architecture of the proposed development is sculptural and smooth-lined

Brisbane-based developer Siera lodges Tapestry, Chevron Island apartment development plans

The final five apartments in the sought-after Allure development on Chevron Island have been released to the market, at a time where the supply of new apartments is nearing record lows.

Each of the apartments left in the Macquarie York-developed, BDA Architect-designed building at 26-28 Dalpura Street, have three bedrooms and a multi-purpose room.

Macquarie York founder Roy Skaf said that the timing of launching Allure, which has netted over $72 million in sales,&nbsp;coincided with a demand for high-quality residences in the heart of the Gold Coast.

&ldquo;Locals in particular have a strong awareness of Chevron Island&rsquo;s distinctive charm, retaining a village-like atmosphere while being just moments from the vibrant coastal precinct just across the bridge.

[smartcode_project:default project_id=21132 project_image_fid=33509]

&ldquo;Allure has also captured the attention of savvy interstate buyers either looking to make a home for themselves surrounded by opulence, or those seeking a savvy investment opportunity in an area of incredible appeal.&rdquo;

Over two thirds of the 90 sales so far have been to owner-occupiers, with 75 per cent of those being locals. The rest are southeners moving from New South Wales and Victoria to take up residence in the 17-level building.

Prices start from $1.1 million for the last release, and range to $1.3 million.

[smartcode_project:default project_id=21132 project_image_fid=152887]

Allure is set to be one of the first developments completed on Chevron Island, which has recently seen a wave of new boutique developments hit the market and the Gold Coast City planning application portal.

Urbis&#39;s Gold Coast Apartment Essentials report for Q2 revealed that just over four months&nbsp;supply of apartments remain if sales rates continue as they are, and no new projects are released.

The central Gold Coast precinct remains the epicentre of market demand, accounting for or more than half the total sales on the Gold Coast over the second quarter.

Construction of Allure is currently underway with completion expected early next year.

Macquarie York&rsquo;s Gold Coast debut success of Allure has spurred plans for the developer to introduce its prestigious product to the southern Gold Coast, laying plans for an ultra- boutique collection of residences in Palm Beach.

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Over two thirds of the 90 sales so far have been to owner-occupiers, with 75 per cent of those being locals

Final five apartments released in Chevron Island's Allure as locals dominate sales

The booming Chevron Island is set for another apartment project, as developers continue to struggle for space in the busy Surfers Paradise area.

The latest development plans come from a Sydney-based development syndicate, who are seeking to build a 23-storey, 73-apartment development at 8-10 Parneno Street.

It's been cleverly&nbsp;designed by the award-winning Plus Architecture so every apartment can capture views&nbsp;of the ocean.

The building will be set on 1,012 sqm, after one of the 506 sqm sites sold earlier this year for $1,305,000. It homed an original four unit development known as Casablanca.

[smartcode_project:default project_id=108640 project_image_fid=186291]

The town planner, Urban Planning Services,&nbsp;said Plus designed the building based on a local coastal venacular, playing off the image of surrounding modern developments.

Plus are calling the tower "coastal sophistication with barefoot luxury", and their design driver as timeless curves, which will last the test of time.

There will be 22 residential levels, not including the four basement levels of parking. There will be a landscaped entry with the lobby, and a mezzanine level for a wellness centre.

[smartcode_project:default project_id=108640 project_image_fid=186592]

Levels one to seven will have four apartments per floor, 120 sqm three-bedroom apartments at the front of the building, and 100&nbsp;sqm two-bedroom apartments with their own media rooms located at the rear of the building. They however will have balconies on the side of the building, to offer the postcard ocean views.

From level eight, the building will have a four metre set-back. From levels eight to 15 there will be four two-bedroom apartments per floor, before hitting level 16 where the large subpenthouse style apartments kick in.

There will still be two two-bedders at the back, but spanning the width of the building will be a half-floor, three-bedroom apartment, with two balconies, one off the master suite which will have its own walk in wardrobe and ensuite, and one off the open plan kitchen, living and dining room. These apartments will also have a media room.

[smartcode_project:default project_id=108640 project_image_fid=186591]

There are two two-level penthouses from level 21. Downstairs is one of the bedrooms, and the main living, kitchen and dining area. Upstairs is another two bedrooms, and another outdoor terrace with its own plunge pool.

On this level is also an&nbsp;open rooftop will be further amenity, including a wet edge, resort-style pool with day beds, a sunken firepit space with built in seating, and a barbecue terrace, and with seating.

"Inspired by the surrounding soft and subtle rhythms of nature, the form of the tower have been carefully crafted to not only provide a highly articulated form but to also consciously represent these rhythms," Plus say.

[smartcode_project:default project_id=108640 project_image_fid=186300]

"Articulated to provide captivating and stunning views from every apartment on every level, the development provides a superior level of resident’s recreation and amenity spaces culminating in an expansive resort style pool and rooftop terrace providing stunning 180 degree ocean views. A lower level wellness centre complements the rooftop spaces, with a large sized gym, sauna and yoga deck nestled within luscious landscaping.

"All common areas provide access to natural light and ventilation and a combination of superior amenity and carefully considered public spaces makes this development a true oasis and sanctuary for its residents to enjoy for decades to come.

Chevron Island is a hotbed for apartments currently, with a number of projects currently in the market.

To see them all, <a href="/news/qld/all-of-chevron-islands-apartments-for-sale-as-development-ramps-up">click here.</a>

Plus are calling the tower "coastal sophistication with barefoot luxury", and their design driver as timeless curves, which will last the test of time.

First look: Nina, Chevron Island apartment development plans lodged

Large development sites on the Gold Coast are in as short supply as the apartments at the moment, with Urbis data suggesting there are just over four months of supply of apartments if sales rates continue as they are and there are no new projects released.

Sites have become invaluable, and it&#39;s a case of picking off the old, tired buildings on prime land which will make way for new, flashy apartment towers.

That&#39;s seen the local site amalgamation specialists GV Property Group never busier.

GV Property Group&nbsp;founder Antonio Mercuri, who started the company around six years ago knocking on doors, along with his right hand man Luke Reaby, are starting to see an uptick in apartments vendors willing to band together to get the maximum price they can from developers, who are coming from all over the country to build apartments on the Gold Coast.

The duo&nbsp;recently&nbsp;launched&nbsp;2769&nbsp;Gold Coast Highway, a 2,595 sqm site, for sale, with big demand early on.

Within a week, Mercuri and Reaby managed to take the site a step further,&nbsp;amalgamating the site next door by contacting the owners of the adjoining six apartments at 16 Rosewood Avenue, adding a further 647 sqm to create the huge 3,242 sqm corner site which has&nbsp;unlimited height zoning.&nbsp;

<img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gvpg-2769-gc-highway-2.jpg" width="1200" />

2769 Gold Coast Highway and 16 Rosewood Ave is for sale via expressions of interest, closing October 8. For more information, <a href="http://www.gvpropertygroup.com">click here</a>.

Reaby advises that the maximum tower floorplate on the Gold Coast is typically 750 sqm, suggesting &#39;the site could accommodate two towers which would fit perfectly within the site cover guidelines.

There&#39;s also a rare proposition of having two or three podium levels, which would create a striking facade from the street level and above ground parking.

Dual tower developments have seen great success in the past in the area, with Meriton Suites and Oracle still popular at Broadbeach.

And there&#39;s plenty of mega-developments in the pipeline with more than one tower planned for these larger amalgamated sites, with the aim to create a sky-high resort for residents.

The Shanghai-headquartered international property developer SPG Land, in a joint-venture with Australian developer Gordon Corp, has lodged $800 million plans for nearly 800 apartments to be built across three towers in the heart of Surfers Paradise.

<img alt="" height="750" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/spg_gold_coast_main_0.jpg" width="1200" /><img alt="" height="697" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_main_0.jpg" width="1200" />

They will be anchored by a new ground-level retail and dining plaza at the street level Ferny Avenue. The 1.15 hectare site will be bounded by Ferny Ave, one of Surfers main streets, as well as Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station.

The latest was of course the $1.25 billion plans laid by the Melbourne-based developer Gurner, led by the high-profile developer Tim Gurner, just up the road.

The 11,000 plus sqm site at 108 Ferny Avenue will be known as La Pelago, and will comprise four huge towers with nearly 1,000 apartments, around a quarter dedicated to a hotel.

&nbsp;

There&#39;s been international interest for a massive 5,726 sqm site at&nbsp;3006-3016 Surfers Paradise Boulevard, which already has development application application for Orion Towers, a mixed-use development with two towers and over 1200 apartments.

But Reaby reckons there&#39;s a great opportunity for a build to rent operator, with current vacancy rates at all time lows.

&quot;The site would allow for well over 200 apartments for a build to rent operator&quot;, Reaby says, however admits the likelihood is of two residential towers, or one hotel and one residential tower.

Sites have become invaluable, and it's a case of picking off the old, tired buildings on prime land which will make way for new, flashy apartment towers

Rare Broadbeach apartment development site gets rarer, with two apartment towers possible

An entire early 1970s apartment complex with high-rise development approval in Surfers Paradise has been sold in one line.

The price was reported as $19 million by the local paper to Sydney developer Stoyan Kiceec.

The site is currently Anglesea Court, a six-level apartment building incorporating 18 strata title units. 

It currently has a potential gross return of over $380,000 per annum.

The address 9-11 Garfield Terrace comes with 1037 sqm land holding some 1.5 kms from Cavill Avenue.

It had been listed by Ray White special projects.

It is zoned High Density Residential with a development approval in place for a 16-level boutique hotel comprising 115 suites and three food and beverage tenancies.

The vendor consolidated ownership of the 18 apartments last year in a $16 million outlay.

The Gold Coast Bulletin reported the site was bought by Sydney interests.

One of the sellers had been in Anglesea Court since paying $78,000 in 1986.

The separate sale prices ranged from $609,000 to $1.4 million.

Other than the soon-to-be-completed $1.4 billion Jewel Residences, there has been no substantive opportunity for beachfront developments at Surfers Paradise in recent times.

Chevron One is the big project inland at Surfers Paradise.

Anglesea Court, a six-level apartment building incorporating 18 strata title units, has been sold in one line

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