Construction is now underway at <a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a> in Carrara, with all stages fully funded as <a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> progresses its 59-residence gated community on an elevated ridgeline overlooking 100 hectares of natural savanna.

The commencement marks a key milestone for the Gold Coast project, designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a> and being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, at a time when buyers are placing greater emphasis on delivery certainty and builder track record.

With Devcon active in South East Queensland since 1993 and having delivered more than 1,000 homes, the team is positioning Cumulus as a fully financed, under-construction offering in a market where risk mitigation has become a central consideration for off-the-plan purchasers.

[smartcode_project:default project_id=135663 project_image_fid=360496]

Located at 17 Baltimore Court, Cumulus Grand Villas comprises 59 three- and four-bedroom villas across four collections, Skyline, Canopy, Savanna and Broadview. Pricing starts from $1,455,000, with completion of the first stage targeted for Q4 2026.

Across the four collections, each design represents an expansive and thoughtfully considered offering. The Broadview provides additional flexibility within its floorplan, incorporating a multipurpose room or optional additional bedroom, and is priced from $1,895,000.&nbsp;

Configured across two levels, the four-bedroom villas feature two master bedrooms with private ensuites, as well as a multipurpose room (MPR), supporting intergenerational living, guest accommodation, or the creation of a dedicated retreat space.&nbsp;

[smartcode_project:default project_id=135663 project_image_fid=360497]

The main living areas are positioned on the ground floor, while the bedrooms are located upstairs, a configuration that promotes both family separation and connected living. All villas include a second master suite on the ground floor, reinforcing the project’s focus on flexibility and long-term adaptability.

That adaptability was central to BDA Architecture’s design approach. The team sought to create a sophisticated, low-maintenance product that makes the most of the site’s elevation and outlook while responding to evolving household needs. Expansive glazing, open-plan interiors and private outdoor areas draw in natural light and frame views towards the savanna, hinterland and Broadbeach skyline.

[smartcode_project:default project_id=135663 project_image_fid=360470]

VentureCrowd Director of Property David Whitting said the project responds to a growing group of buyers reassessing what premium living on the Gold Coast looks like.

Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors. The inclusion of dual master suites in the Broadview design, along with options for a downstairs MPR or guest bedroom, allows homes to adapt as family dynamics shift, whether accommodating older parents, adult children, or extended stays.

Across the community, villas are specified with European appliances and premium fixtures and fittings, alongside double garages and landscaped private areas. The gated enclave includes number plate recognition entry, reinforcing a focus on security and exclusivity.

[smartcode_project:default project_id=135663 project_image_fid=360474]

Lifestyle amenity is anchored by the Infinity Terrace, an elevated communal space incorporating a 20m heated pool, alfresco zones and barbecue facilities, designed as a shared retreat within the neighbourhood. A two-acre private nature reserve with walking trails and rehabilitated bushland further integrates the development with its savanna-edge setting, reflecting a broader masterplan initiative to restore native vegetation and habitat corridors.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a>’s positioning continues to attract attention from prestige buyers seeking proximity to the coast without beachfront pricing. The suburb offers access to major retail centres including Pacific Fair and Robina Town Centre, is around 15 minutes from Broadbeach, and benefits from connectivity via the M1 to Brisbane and the Gold Coast Airport.

[smartcode_project_cta:default project_id=135663]

Joel Robinson

VentureCrowd’s Cumulus Grand Villas in Carrara advances with construction underway

Joint venture partners <a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> are officially launching the third and final residential stage at their landmark $350 million harbourfront precinct, Putney Wharf, with The Residences representing the final opportunity to secure a new home within this rare waterfront destination.

Strong demand has already been established across the earlier stages of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-residences-20-waterview-street-putney-nsw-2112">Putney Wharf</a>, with more than 50 per cent sold ahead of this final release. The Residences will introduce a selection of the precinct’s most premium apartments, many of which were deliberately reserved for this concluding stage.

Located at 20 Waterview Street, <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a> NSW, the completed precinct will comprise 67 residences, including 18 terraces and 49 apartments, alongside five retail tenancies and a 36-berth marina.

[smartcode_project:default project_id=13962 project_image_fid=1338]

Developed alongside partners Phoenix Property Investors and Mitsubishi Estate Asia, Putney Wharf occupies a prized 300-metre stretch of absolute waterfront and incorporates the historic former Halvorsen’s Boatshed. The precinct connects directly to surrounding parklands via a landscaped foreshore walkway and a large, landscaped podium linking both sides of the development to the adjoining foreshore parklands.

The Residences comprise two newly built, three-storey apartment buildings delivering a boutique collection of 30 generously proportioned waterfront apartments. Designed to capture harbour outlooks, natural light and cooling breezes, The Residences balance architectural refinement with relaxed, low-maintenance living.

Architecturally designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the apartments continue the cohesive design language seen across the broader precinct. A refined palette of light and dark materials, softer-toned stone and neutral, earthy finishes reflect the surrounding landscape and harbour setting. Interiors feature painted timber veneers, tactile joinery, timber flooring to living spaces and 100 per cent natural wool carpets in bedrooms, creating warm and sophisticated homes.

[smartcode_project:default project_id=13962 project_image_fid=362525]

Justin Brown, Executive Chairman and Founder of Abadeen, said the release of the final residential stage marks an important milestone for the project.

“Putney Wharf brings together everything we’ve learned over more than 25 years of development,” Mr Brown said. “It respects the site’s extraordinary maritime history while delivering contemporary homes that connect people directly to the harbour.

The Residences offer the rare combination of low-maintenance apartment living, waterfront outlooks with beautiful sunset views, and the convenience of retail and amenity at your doorstep. For boating enthusiasts, the opportunity to secure a private marina berth completes a truly unique Sydney harbourfront lifestyle.”

[smartcode_project:default project_id=13962 project_image_fid=291197]

PERIFA Managing Director and Co-Founder Fabrizio Perilli added that the diversity of housing across the precinct has been central to the project’s success.

“Whether it’s the heritage Halvorsen’s apartments, the Waterview Terraces or now The Residences, Putney Wharf offers a range of homes that respond to different lifestyles, all united by an unrivalled harbourfront setting,” Perilli said. “This is a precinct that will add lasting value to the Putney community.”

Managing project marketing and sales, <a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Partner Tim Rees said the final release has already attracted strong demand reflecting the project’s unique harbourfront position and the success of earlier stages.

“Following the strong response to both the Halvorsen’s Boatshed residences and the Waterview Terraces, The Residences represent the final chance to secure a new home within this tightly held waterfront precinct,” Rees said. “Buyers are drawn to the rare combination of absolute harbour frontage, parkside living and genuine architectural quality.”

[smartcode_project:default project_id=13962 project_image_fid=362240]

Putney Wharf is a one-of-a-kind mixed-use destination, delivering an exclusive residential offering alongside waterfront dining, retail and a 36-berth marina designed to the latest Australian Standards, accommodating vessels up to 18 metres and helping address Sydney Harbour’s ongoing marina shortage.

The precinct will include five retail tenancies and a prominent waterfront jetty area fronting the retail village, creating an activated harbourfront destination for residents and visitors alike.

Residents will enjoy direct access to lush harbourfront parklands, a public foreshore walkway and landscaped podium gardens connecting the development to the surrounding waterfront reserve. Construction across the Putney Wharf precinct is expected to be completed by Q2 2027.

Sales of The Residences officially launch this weekend, with the display suite open Saturday and Sunday from 10am to 12pm at Putney Wharf. Visitors are invited to enjoy a complimentary coffee while touring The Residences and experiencing the Putney Wharf lifestyle firsthand.

[smartcode_project_cta:default project_id=13962]

Final Harbourfront release in Putney Wharf launches this weekend

<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

KTQ Group

The redevelopment of the Kirra Beach Hotel, the large scale&nbsp;project by the luxury apartment developer and hotel operator, KTQ, is set to be delivered well ahead of schedule.

Rather than delivering the vast project in four stages, KTQ, led by Peggy Flannery, will be delivering the development as a single and final stage, which will bring forward project completion by three years.

KTQ has made tweaks to the plans, added a floor of commercial space and another level of hotel rooms, taking it to a 92-room hotel. There will be another two levels of apartments in the second residential tower, which will see a further 13 apartments and 14 hotel rooms added.

<img alt="" height="862" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_point_whole.jpg" width="1200" />

The resort pool and bar has moved to the rooftop on Level 6, and the pool and recreation facilities for the second&nbsp;residential tower is also on the rooftop &ndash; level 13.

KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments&nbsp;snapped up within just a few months.

That saw construction of Miles Residences, as well as the new pub and pavilion that will replaced to original Kirra Beach Hotel, fast-tracked.

The project is now well underway, with demolition, excavation, and ground work commenced.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="1066" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/_g1a2346-x311.jpg" width="1600" /></a>

&quot;We have been working with&nbsp;Mark Damant&nbsp;and the team at&nbsp;Little Boat Projects, alongside&nbsp;nettletontribe&nbsp;and&nbsp;Urbis, on this reimagined people-first precinct, with stage one&nbsp;already under construction,&quot; KTQ Development Director, Jeremy Holmes, said.

&quot;We can&#39;t wait to see this all come together.&quot;

Damant says the precinct laneways, with extensive retail, will offer &quot;something for everyone.&quot;

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_miles_2.jpg" width="1200" /></a>

There will be another opportunity to buy in the sought-after precinct later this year, with&nbsp;a second residential building with resident amenity on the roof, to hit the market in the summer.

The well regarded building firm, Hutchinsons,&nbsp;are handling the construction of the development, which is set to be the go-to spot just off the sand.

&ldquo;We&rsquo;re on the cusp of a renaissance for&nbsp;Kirra Beach&nbsp;that will deliver an exciting new destination in its own right where locals and visitors will be able to live&nbsp;work and play,&rdquo; Holmes added.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_point_front.jpg" width="1200" />

&ldquo;Our plans have drawn on the history of the site that for generations was the social heart of the southern Gold Coast.

&ldquo;The incredible market response to our first-stage release affirms our faith in our vision for the site which will be delivered over the next few years.&rdquo;

KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments snapped up within just a few months

KTQ bring Kirra Point development forward by three years

It&#39;s a development that&#39;s been over two decades in the pipeline, and it&#39;s set to provide&nbsp;local and interstate prestige apartment seekers, and even tourists, something the Gold Coast hasn&#39;t seen before.

It was before the turn of the Millennium&nbsp;that the family behind the luxury hotel operator and apartment developer, KTQ,&nbsp;led by the visionary developer Peggy Flannery, started buying apartments on the dress circle Garfield Terrace, fronting Surfers Paradise beachfront. KTQ has now amassed a huge&nbsp;2,000 sqm corner site.&nbsp;

And now, after over 12 months of a rigorous design process, KTQ, who are behind the likes of Elements of Byron Bay and the Kirra Point development in Coolangatta,&nbsp;are announcing Serēn, a hotel and residences tower in one of the best spots in Surfers.

Serēn (pronounced serene),&nbsp;will comprise an independent luxury, 60-room hotel, with some suites offering over 100 sqm of living space. The hotel will occupy levels three to six, then above is the hotel and the residences pool and recreation decks. Then above the level nine wellness level are the 60 residences, the smallest on offer spanning a huge 350 sqm and offering three-bedrooms and a multi-purpose room.

Toward the pointy end of the 42-level tower will be full floor apartments and a special two-level penthouse.

The&nbsp;second level,&nbsp;above a new oceanway and fronting the beach, will feature&nbsp;a world class restaurant and bar, with gun-barrel views over the beach and the ocean and south to Coolangatta.&nbsp;

<a href="/new-apartments/seren-27-garfield-terrace-surfers-paradise"><img alt="" height="1258" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-04-08_at_10.47.27_am.png" width="2312" /></a> 
The pool for the residences. Image supplied

&quot;Serēn furthers KTQ&rsquo;s commitment to developing a legacy of superior properties that align with our values and aspirations,&quot; KTQ Director Peggy Flannery said.

&quot;We are delighted to be creating something truly inspired for this site with this exceptional team we have assembled.&rdquo;

Serēn&nbsp;is the brainchild of&nbsp;Little Boat Projects, the design-led studio headed&nbsp;by architects Michelle Donnelly and Mark Damant, who worked with the national architecture firm&nbsp;Bates Smart, the first Gold Coast project for the renowned practice.

Speaking to KTQ&#39;s Development Director Jeremy Holmes, it&#39;s evident KTQ and the design team has considered every little detail.

There will be little to no crossover between apartment residents and hotel guests, with seperate entry&#39;s, separate beach-facing swimming pools, and separate lift lobby&#39;s. The only thing they&#39;ll share is the wellness centre on level nine,&nbsp;which will feature an impressive gym and day spa, as well as the restaurant and bar, which&nbsp;will be available to the residents, hotel guests, and the general&nbsp;public. This &nbsp;will all be operated by KTQ once construction is complete.&nbsp;

The residences and hotel crossover will also see&nbsp;residents benefit from the hotel&#39;s concierge team. They can order room service from the restaurant, have taxis booked, and call on housekeepers come to their residences, among other complimentary services.

Holmes says the apartments will attract two different camps; owner-occupiers who may want&nbsp;to downsize or relocate to the beachfront, or fly-in, fly-out business people who might have the apartments as a coastal holiday home.

<a href="/new-apartments/seren-27-garfield-terrace-surfers-paradise"><img alt="" height="1508" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/ktq_facade.jpg" width="1200" /></a> 
Image of the hotel suites with the bar tucked in below. Image supplied

&quot;Imagine you&#39;re in one of the eastern seaboard capitals. You can have a housekeeper freshen the sheets before your arrival, have a bottle of your favourite wine airing, and even pre-order room service from the restaurant below.&quot;

Proof of the extensive consideration to every element of the apartment design is evident immediately.&nbsp;Out of the private lift lobby is storage, big enough to fit a surfboard or beach supplies.

Entry to the apartments is located in the middle of the apartment plan, but the clever design of the apartment means residents are welcomed with immediate ocean views, with the eye-line on arrival looking through the main living areas out to the ocean. An ocean-facing balcony opens from the lounge. Before getting to the living space there&#39;s a sand room for a post-beach dust&nbsp;down.

The&nbsp;multi-purpose room has been designed to offer a potential second living space, or guest room,&nbsp;which opens up to a second outdoor area, again featuring a clever design which can protect it from the elements. Dubbed a Belvedere, the 20 sqm space, which will home an outdoor barbecue kitchen, can be closed off to the wind and the rain, but still make residents feel like they&#39;re outside.

Two of the bedrooms are located at the rear of the apartment, both with five metre frontages of floor-to-ceiling windows to take in the views over the Nerang River and to the hinterland. The enormous master is at the front of the apartment, with its own walk-in wardrobe and ensuite. - spruce it up

&ldquo;As a client, KTQ continuously challenges and reinvents preconceived notions around what a building and development should be. Peggy approached this project as if she was designing something completely personal,&quot; Little Boat Projects Founder and CEO, Michelle Donnelly, said.

&quot;It was very important for her to envisage going on holidays or living at Serēn, occupying the space as if it was her own home.&rdquo;

After over 12 months of a rigorous design process, KTQ are announcing Serēn, a hotel and apartment tower in one of the best spots in Surfers.



KTQ set to bring Surfers Paradise the highest level of beachfront luxury

As they gear up to release something special to the Surfers Paradise beachfront, the family-ran KTQ Group are set to top off their hugely successful Miles Residences project at Kirra Beach.

KTQ, led by Peggy Flannery, has just released the special penthouse crowning Miles Residences, which sold out in just a couple of months after its launch in December 2020.

Miles Penthouse, the most&nbsp;elevated penthouse&nbsp;on the southern Gold Coast and priced at $16.75 million, has been two years in design to offer a complete custom residence.

The 760 sqm split-level penthouse will be made up of five ensuited bedrooms, a state-of-the-art gym, home office, three living areas, and a study.

[smartcode_project:default project_id=27575 project_image_fid=187457]

The heart of the heart of the home if the open plan kitchen, living and dining area, which also homes a bar. The penthouse also features a rooftop entertaining deck, accessed by private lift and featuring a private pool, as well as offering unobstructed views north across Kirra Beach to Surfers Paradise&nbsp;and south to Snapper Rocks.

&ldquo;We purposely held back the release of this penthouse as it has been our passion to take advantage of this incredibly rare opportunity and create something of distinction overlooking Kirra beach,&rdquo; said Jeremy Holmes, Development Director of KTQ Group.

&ldquo;There will never be another penthouse of this calibre and position on the southern Gold Coast.&rdquo;

[smartcode_project:default project_id=27575 project_image_fid=187456]

&ldquo;No detail has been overlooked, this penthouse contains every consideration for elevated coastal living including a secure seven&nbsp;car garage with storage.&rdquo;

The penthouse collection was initially devised as a duo; however, the second penthouse has been retained by&nbsp;Peggy and Brian Flannery.

[smartcode_project:default project_id=27575 project_image_fid=138620]

&ldquo;We fell in love with the ambitious design of the penthouse, it became a passion project for us to devise the most indulgent home we could envision, and once we witnessed the finished product, we found ourselves too enamoured to give it up,&rdquo; Peggy Flannery said.

&ldquo;Such a remarkable destination demanded an equally scintillating residential offering, and so the penthouse was born from a desire to elevate the greatest natural assets on offer in Kirra.

Tim Keenan, of Keenan and Co who sold out all 118 apartments of Miles Residences as part of the $350 million redevelopment of the Kirra Beach Hotel, says prospects from around Australia have been aware the penthouse was coming to market.

&ldquo;We&rsquo;ve had some approaches from groups mindful that we would bring this to the market at some point, so there is definitely some keen interest,&rdquo; said Mr Keenan.

&ldquo;It really is an incredible, once in a lifetime offering and we expect very keen interest in the coming weeks.&rdquo;

Construction on Miles Residences is currently underway, with construction of the crowning penthouse due for completion in mid-2023.

“There will never be another penthouse of this calibre and position on the southern Gold Coast.”

KTQ release near $17 million Miles Residences, Kirra Beach penthouse

New South Wales investors have been on red alert since the launch of Miles Residences on the Gold Coast&#39;s Kirra Beach late last year.

Miles Residences, the apartment component of the luxury $180 million redevelopment of the Kirra Beach Hotel, are offering investors strong yields in one of the most sought-after locations in the country at the moment, with many forecasting the demand to continue for years to come.

The development of 118 apartments, which will sit above the new pub pavilion, is being developed by the Peggy Flannery-led KTQ Group, who are behind the award-winning Elements of Byron.

The affordable entry point has Sydneysiders considering an investment bolthole intrastate, with the option of taking a holiday or moving to the area permanently upon retirement.

[smartcode_project:default project_id=27575]

KTQ have calculated solid net rental yields for investors based on a 75 per cent occupancy rate, which doesn&#39;t account for higher demand and peak rates over summer, school holidays and in particular Christmas.

The Real Estate Institute of Queensland predicts the relaxation of border restrictions will make it even harder to find a rental property on the Gold Coast. In November, the vacancy rate was 1.6 percent. Vacancy rates are predicted to remain as tight in 2021.

And Mark Smith from PRDnationwide Burleigh Heads, reckons the Gold Coast is very attractive, especially for investors.

&quot;Even with our market gaining and theirs falling, we still have a long way to go before we reach the level of unaffordability experienced in Sydney and Melbourne.&rdquo;

<h2>Sea Apartments</h2>

The Sea Apartment collection of Miles Residences, facing the beach, start from $545,000, considerably below Sydney&#39;s median apartment price of $755,360.

The one bedroom Sea Apartment, with an occupancy rate of just under 75 per cent for a calendar year, will offer investor owners a return of 6.7 per cent.

Based on an average daily rate of $220, the 82 sqm apartment will yield $1,157 a week and over $60,000 a year.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/miles_kirra_views_1.jpg" width="1200" /></a>

After the property management fees such as body corp, letting management fees and council rates, investors are likely to secure a net return of five per cent, just under $30,000.

There&#39;s the same net return on offer for a two bedroom Sea Apartment, which would warrant a $275 daily rate, $1,447 a week and over $75,000 a year.

With the same occupancy rate of 75 per cent, an investor would see a net return of over $39,000, a five per cent net return.&nbsp;

The two bedroom Sea apartments, with an internal area of 91 sqm and 33 sqm external, are priced from $795,000.

<h2>Stone Apartments</h2>

The larger Stone Apartments are forecast to see a net return of four per cent if a 75 per cent occupancy is achieved.

The two bedroom apartments with multi-purpose room, priced from $1.13 million, are set to command an average daily rate of $330, which would mean $1,736 a week and over $90,000 a year.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="900" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_point_miles_residences_pool_1.jpg" width="1600" /></a>

The apartments, spanning 106 sqm of internal living space and 18 sqm external area, would see a net return after fees of $50,665 per annum.

The three bedroom stone apartments with 132 sqm of internal area and 28 sqm of balconies could see investors pocket over $61,000 in net income.

Those apartments are forecast to fetch $385 a day, over $2,000 a week or $105,366 a year.

To find out more, <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">click here</a>.

&nbsp;

The development of 118 apartments is being developed by the KTQ Group, who are behind the award-winning Elements of Byron.



Why New South Wales investors are eyeing Kirra’s Miles Residences

A north-facing beach outlook is highly sought-after, which is why <a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta">Miles Residences</a> at Kirra Point is a development you won&#39;t want to miss viewing. With all-day sun and panoramic ocean vistas, this Woods Bagot-designed property offers incredible value for money. Watch our tour to get a feel for the apartments available for sale.&nbsp;

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/9QIv9rw3SK0" title="YouTube video player" width="660"></iframe>

<h2>MILES RESIDENCES AT A GLANCE</h2>

Developer:&nbsp;<a href="/developers/ktq-group" target="_blank">KTQ Group</a>

Architect:&nbsp;<a href="/architects/woods-bagot" target="_blank">Woods Bagot</a>

Homes from:&nbsp;$545,000

Location: Corner Miles Street and Marine Paradise, Kirra QLD 4225

Number of residences:&nbsp;118 residences

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra-5a48f436560e256fda8cdf9e4c482e0a.jpg" width="2000" /></a>

Located in the heart of the Gold Coast and just a stones-throw away from some of the world&rsquo;s best surf breaks, Miles Residences offers an idyllic beach lifestyle, with year-round perfect weather.&nbsp;

A collection of spacious 1, 2 and 3 bedroom architecturally designed apartments are now selling, with kitchens offering high-end appliances, integrated drinks fridges, floating timber shelving and brushed stainless tapware.

The modern living spaces feature beautiful timber flooring and boast a flexible open plan layout, with floor to ceiling windows letting in plenty of natural light.&nbsp;

The bathrooms have been designed with a natural material palette complemented with subtle LED strip lighting, creating a tranquil environment to enjoy a relaxing bath. The walk-in shower is fully tiled with brushed stainless wall-mounted and rainfall showerheads, with a window framing a picturesque view of the ocean.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/miles-residences-kirra-point-corner-miles-street-and-marine-paradise-kirra-9318c69e0b05179f30a160cc966f1367.jpg" width="2000" /></a>

Miles Residences also features a full suite of 5-star amenities including a 25 metre north facing pool that overlooks Kirra Point. Developed by award-winning KTQ Group, the apartments have been generously designed with spacious floorplans extending to large balconies. This is luxury living at its finest, with world-class amenities at your doorstep and your own tranquil retreat to return home to each day.

Enquire today via Urban to secure your new home at Miles Residences Kirra Point.&nbsp;

[smartcode_project:default project_id=27575]

KTQ Group

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

KTQ Group

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News