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

Joel Robinson

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

Camberwell Junction has long been the epicentre of amenity in Melbourne’s Boroondara region.

For nearly a century, it has drawn both locals and visitors, anchored by the Camberwell Sunday Market, which first operated in 1929 and quickly became a fixture of the suburb’s identity. Over time, the Junction evolved into one of Melbourne’s most established retail and lifestyle precincts, now comprising more than 400 stores and over 300 commercial businesses.

Despite that depth of amenity, one thing has remained notably limited: the supply of new apartments.

In a suburb defined by its heritage streetscapes and tightly held residential stock, new development opportunities have been scarce, particularly within the core of the Junction itself. That lack of supply has left a gap in the market for larger, design-led apartments suited to downsizers and owner-occupiers wanting to remain in the area.

Boutique developer Above Zero identified that gap when it secured a prime site on Burke Road, in the heart of Camberwell Junction.

[smartcode_project:default project_id=4896 project_image_fid=368543]

The site has a long planning history. Various proposals have been put forward over more than a decade, many of which were knocked back by the City of Boroondara, with initial applications dating back to 2015. Above Zero acquired the site in 2022 and returned with a revised scheme, refining both the building’s height and its ground-level interface to better align with Council expectations.

That process has culminated in approval for Camberwell House.

The Cera Stribley-designed development will deliver 57 residences on a 1,950 sqm site within the Camberwell Activity Centre, placing it directly within one of Melbourne’s most established retail and transport hubs.

It is expected to be one of the only new apartment developments to launch in the Junction in recent years, reinforcing the rarity of new supply in the precinct. Currently, there are just a handful of projects on the market in Camberwell, underscoring the significance of a development of this scale and positioning.

[smartcode_project:default project_id=4896 project_image_fid=368544]

Camberwell House has been conceived with a clear focus on larger-format apartments. The project will offer a mix of two-, three- and four-bedroom residences, alongside a limited number of penthouses, targeting owner-occupiers seeking scale rather than volume-driven product.

The building’s vertical presence will also set it apart.

Positioned on Burke Road, the development is set to become one of the taller buildings in its immediate context, allowing for elevated outlooks across Melbourne’s CBD skyline and toward the Dandenong Ranges. In a precinct characterised by lower-scale built form, that height provides a point of differentiation, particularly for buyers seeking outlook and natural light.

[smartcode_project:default project_id=4896 project_image_fid=368568]

Architecture has been led by Cera Stribley, with interiors by GOLDEN and landscape design by Florian Wild. The design approach centres on material consistency and restraint, with residences oriented to maximise light, ventilation and connection to outdoor spaces.

Full-height glazing and generous terraces form a key part of that strategy, allowing apartments to extend beyond their internal footprint and engage with the surrounding environment.

Beyond the private residences, a significant component of the project is its amenity offering.

Above Zero has positioned Camberwell House as a “complete living environment”, incorporating a full floor dedicated to resident facilities. At the centre of that is a wellness zone, including a 12.5-metre lap pool, spa, sauna and treatment spaces, alongside a gym and recovery-focused amenities.

This level of amenity is more commonly associated with inner-city developments, rather than established middle-ring suburbs like Camberwell.

[smartcode_project:default project_id=4896 project_image_fid=368588]

Additional shared spaces include a private library lounge, dining and entertaining areas, and an indoor golf simulator. A self-contained guest suite has also been incorporated, allowing residents to accommodate visiting family or friends without impacting their primary living space.

The inclusion of these facilities reflects a broader shift in buyer expectations.

As more downsizers look to transition from larger family homes into apartments, there is increasing demand for developments that offer not just a residence, but a lifestyle. That includes access to wellness, social and entertaining spaces within the building itself, reducing the reliance on external amenity while still maintaining proximity to established precincts.

Camberwell House is positioned to benefit from both.

Its location places it within immediate walking distance of Camberwell Junction’s retail and dining offering, as well as public transport connections, including tram and train services. That combination of internal amenity and external convenience is central to its appeal.

<section data-scroll-anchor="false" data-testid="conversation-turn-150" data-turn="assistant" data-turn-id="request-WEB:55d7c6ac-8e6d-4881-ad49-0ed9bf66d1cc-74" dir="auto">
Jellis Craig Projects Director Stephen Bowtell is handling sales for the project and says Camberwell House offers a rare entry point into one of Melbourne’s most tightly held markets.

“Buyers are recognising that Camberwell House offers something they simply haven’t seen before in Boroondara,”&nbsp;Bowtell&nbsp;says.

“It combines a level of resident amenity and service typically associated with Melbourne’s premium inner-city developments, while being positioned right in the heart of Camberwell Junction.

“The response to the concierge offering has been particularly strong. Buyers appreciate not only the convenience, but also the sense of security and peace of mind that comes from having a dedicated presence in the building every day.

“When you combine that with the wellness facilities, the exceptional arrival experience, and panoramic views across both the CBD skyline and the Dandenong Ranges, it creates a lifestyle proposition that is genuinely unique within the local market.”
</section>

[smartcode_project_cta:default project_id=4896]

Above Zero launches Camberwell House in undersupplied Camberwell Junction precinct

<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

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<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

Mermaid Beach

Mermaid Beach, one of the Gold Coast's most coveted beach suburbs, is set to welcome a new architectural masterpiece that promises to redefine luxury living.&nbsp;

Developed by the reputable local developer DANKAV, designed by the award-winning architects BDA, and brought to life by creative landscape architects FORM, LAANI is a true testament to innovation and collaboration, with a collection of just 49 residences set for the new building.&nbsp;

The 18-level building showcases views of the ocean, cityscape, and hinterland, connecting residents to the beauty of their surroundings, with each apartment crafted to optimise space and natural light.

[smartcode_project:default project_id=6997 project_image_fid=185190]

The use of high-quality materials, fixtures, and finishes adds a touch of sophistication to the apartments, with LAANI offering a mix of two and three-bedroom apartments.&nbsp;

Residents will be at home to a range of amenities, which are situated across the entire 10th floor.&nbsp;The standout feature is the private sky dining area, where residents can enjoy intimate gatherings or host special occasions with panoramic views as their backdrop.

&nbsp;

[smartcode_project:default project_id=6997 project_image_fid=185194]

The heated pool, surrounded by a poolside lounge area and separate day beds, offers a tranquil oasis for relaxation and enjoyment.

For those seeking wellness and rejuvenation, the sauna provides a space for ultimate relaxation, while the state-of-the-art gym ensures residents can maintain an active lifestyle without leaving the comfort of their home.

Entertainment options abound within LAANI, as residents can indulge in the cinema for a movie night experience. There's also communal office space, exclusively available for owners, provides a versatile area for work or study.&nbsp;

[smartcode_project:default project_id=6997 project_image_fid=185664]

Location is another aspect that makes LAANI a highly desirable place to call home.

Situated just 200 metres from the renowned 57 kilometre stretch of golden sandy beaches, residents can easily embrace the quintessential coastal lifestyle.

LAANI is conveniently surrounded by a plethora of local treasures, including the Star Casino, Gold Coast Convention Centre, Pacific Fair Shopping Centre, GC Light Rail, Cascade Gardens, local parks, and the vibrant Broadbeach dining and entertainment precinct.

[smartcode_project_cta:default project_id=6997]

The 18-level building showcases views of the ocean, cityscape, and hinterland, connecting residents to the beauty of their surroundings, with each apartment crafted to optimise space and natural light

alisonwarters@gmail.com

LAANI offers Mermaid Beach apartments under $1 million

Opportunities such as Lila, the newest development of just two villas in the heart of Mermaid Beach, don't come around often.

The local Gold Coast developer, Revilo Projects, has created a duplex at 5 Petrel Avenue, just 200 metres from the ocean and on the southern edge of the core Nobby Beach precinct.

BDA Architects has teamed up with Beck Space Interiors to deliver two&nbsp;four-bedroom dwellings over three levels.

Lila villas offer a generous 300 sqm of living space, a private pool, lift, built-in bar and butler's kitchen, as well as bespoke Italian cabinetry, V-Zug appliances, natural stone and an instantly recognisable facade.&nbsp;

[smartcode_project:default project_id=112742 project_image_fid=211125]

Jayde Pezet of Pezet Matheson says villa living allows people to live in a Triple-A Grade location, at a price that still represents solid value.

"House prices have skyrocketed on the Gold Coast, and developers are offering villas and luxury townhouses that still offer house-sized living spaces over several levels," Pezet says.

The architecture is modern and hard-lined. Comprising a timeless material palette of concrete, glass and timber off set by a undulating screen to create a rich and layered effect.

The ground level includes a double-car garage, storage, laundry, powder room and rumpus room with bi-fold doors opening to the east onto the combined outdoor living, garden court and pool area at the rear.

[smartcode_project:default project_id=112742 project_image_fid=211119]

Level one homes a multi-purpose room, with open-plan kitchen, living and dining area with a pantry and powder room. Upstairs are level two are the bedrooms of the residences with two bedrooms sharing a bathroom and the master bedroom including an ensuite, along with a designer wardrobe.

Revilo Projects is led by local developer Paul Dolso.

"Understanding the Gold Coast like the back of our hands is what allows us to deliver properties that capitalise on every opportunity afforded by our world class postcode, and give local residents a place they are proud to call their own," Dolso says.

Revilo are also developing next door, turning 3 Petrel Avenue in to a boutique block of just three whole floor apartments.

<img alt="Petrel" data-entity-type="file" data-entity-uuid="8248831b-eafc-427a-8bcf-b5fcf414f164" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-03-14%20at%2012.42.05%20pm.png?VersionId=50T5XGUpzcVkVCZc1ipenBWp_HPhPYME" />

There will be two three-bedroom apartments along with one four-bedroom apartment.

Also designed by BDA Architects, the apartments have been designed with&nbsp;a soft colour palette, white batten screening, timber soffits and natural stone, creating a coastal facade offset by the subtle curves of the built form.

Private open spaces have been incorporated for each apartment, with the ground floor apartment taking advantage of a large podium terrace, and the upper two apartments with the luxury of private roof top terraces.

Lila villas offer a generous 300 sqm of living space, a private pool, lift, built-in bar and butler's kitchen, as well as bespoke Italian cabinetry, V-Zug appliances, natural stone and an instantly recognisable facade

Rare Mermaid Beach duplex opportunity as Revilo Projects completes Lila

Nothing breeds confidence in the off the plan property market like firm construction timelines.

Completion dates can be the overarching factor in a prospective buyer's decision to purchase or not.

In the off the plan purchasing journey, most buyers have an idea when they want their new property to be ready, and will base the timelines of their current living situation around that.

A number of projects on the Gold Coast are at development application stage, and there are a number which are approved but are waiting for two factors; market conditions to change to become slightly more favourable based on their product mix, and build costs to come down a little further before announcing they're on the market.

We've wrapped up the top apartment projects currently aiming for a 2024 completion date.

<h2>Project: Orama 
Location:&nbsp;Chevron Island&nbsp; 
Developer: Aniko Group</h2>

Promionent developers Aniko has branched out from Hope Island, taking to the burgeoning Chevron Island for their latest development.&nbsp;

Orama will rise 21 levels at 12-16 Weemala Street, conveniently located just off Thomas Drive, the retail, food and cafe hub that dissects the island.&nbsp;

[smartcode_project:default project_id=111898 project_image_fid=209175]

The site is also located on the sought-after eastern side of Chevron Island, which makes it just a short 950 metre walk over the bridge to the heart of Surfers Paradise.

102 apartments will be constructed within the tower, which Aniko is tipping to be completed by late 2024.

[smartcode_project:default project_id=111898 project_image_fid=209594]

Six residences will take up a spot across each floor, with the lower levels comprising two-bed, two-bath configurations, while the higher levels will feature three-bedroom skyhomes and two penthouses.&nbsp;

Plus Architecture has designed the tower, which will feature a sprawling rooftop recreation area overlooking Surfers Paradise.&nbsp;

The entire 21st level will house a lap pool and spa with 180 degree views across the ocean, a gym with a sauna and a yoga space, and a business lounge with private offices, booths, and a boardroom.

Read more:&nbsp;<a href="/news/qld/aniko-launch-orama-apartments-on-chevron-island">Aniko launch Orama apartments on Chevron Island</a>

Read more:&nbsp;<a href="/news/qld/creating-a-sense-of-community-the-rooftop-terrace-set-to-bring-orama-chevron-island-residents-together">"Creating a sense of community": The rooftop terrace set to bring Orama, Chevron Island residents together</a>

<h2>Project: Cascade 
Location: Robina 
Developer: Andrews Projects&nbsp;</h2>

The Danny Andrews-led Andrews Projects has seen keen interest from buyers since launching their Robina project Cascade to the market.&nbsp;

The group has secured $125 million in pre-sales at the $250 million 116 Lavar Drive project, with its desirable location in the heart of the master planned suburb a major drawcard.&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=208702]

Two boutique 15-storey towers will be constructed across the site, offering a mix of two and three-bedroom apartments, as well as an exclusive collection of three-bedroom penthouses.&nbsp;

The residences will feature large open plan kitchens, living and dining spaces, along with full-height double glazed windows, Miele appliance, Caesarstone benchtops and fully ducted air-conditioning.&nbsp;

[smartcode_project:default project_id=135618 project_image_fid=208703]

A 25-metre magnesium pool, gym, spa pool and sauna form part of the state-of-the-art wellness centre set to be on offer in Cascade, while generous landscaping complements the lush communal areas which include an amphitheatre and private poolside cabanas.

Cascade is also planning for a late 2024 completion date, with a number of two and three-bedroom floorplans still remaining.&nbsp;

Read more:&nbsp;<a href="/news/qld/andrews-projects-launches-cascade-robina-apartments-scoring-125-million-in-pre-sales">Andrews Projects launches Cascade, Robina apartments, scoring $125 million in pre-sales</a>

<h2>Project: Rhythm Kirra Hill 
Location: Coolangatta&nbsp; 
Developer:&nbsp;Immerse Projects</h2>

Immerse Projects also joins the list, with Rhythm Kirra Hill.&nbsp;

40 coastal apartments are being constructed across the site, in what is the first project to be launched&nbsp;under the newly branded development company.&nbsp;

[smartcode_project:default project_id=112169 project_image_fid=207366]

Designed by award-winning firm BDA Architecture, Rhythm Kirra Hill will capture the essence of a modern coastal lifestyle with a selection of two-bedroom, two-bathroom apartments across the seven-level building, with five different floorplans on offer.

The apartments range in size from 95 sqm to 157 sqm, with the project tipped to appeal to a broad range of buyers.&nbsp;

Rhythm Kirra Hill will feature a host of tailored amenities framed by sub-tropical landscaping, with the rooftop featuring a pool, barbecue area, and sun lounge deck, in addition to the ground-level amenity which includes a sauna, gym, meeting room, and an outdoor shower.

[smartcode_project:default project_id=112169 project_image_fid=207368]

Located in the heart of Coolangatta, residents will be just 150 meters from the shopping, dining and entertainment precinct along The Strand, while also being just a short stroll from a number of beaches, cafes and restaurants.

One, two and three-bedroom apartments can still be purchased in the development, with construction due to wrap by early 2024.&nbsp;

Read more:&nbsp;<a href="/news/qld/rhythm-kirra-hill-brings-affordability-back-to-kirra">Rhythm Kirra Hill brings affordability back to Kirra</a>

<h2>Project: Yves 
Location: Mermaid Beach 
Developer: Hirsch &amp; Faigen</h2>

Hirsch &amp; Faigen’s $200 million Yves is set to wrap on construction in August next year.&nbsp;

Comprising 145 luxury residences, all the one-bedders have been sold in the Mermaid Beach development, with just two and three-bedroom apartments remaining, in addition to the remaining half-floor and full-floor sub-penthouse and penthouse. &nbsp;

[smartcode_project:default project_id=102451 project_image_fid=186075]

Construction giant Hutchinson's began the build in May last year on the prime 7-9 Mermaid Avenue site, just metres from the famed Hedges Avenue beachfront strip.&nbsp;

Designed by Rothelowman, the project is the third Gold Coast development for Hirsch &amp; Faigen, with each building crowned by outdoor rooftop seating.&nbsp;

[smartcode_project:default project_id=102451 project_image_fid=194832]

Residential amenity will feature in the shared lobby, which have been designed as greenhouses to create a suburban feel.&nbsp;

A north-facing swimming pool will be the centrepiece of the offering, with the space complete with an additional pool and yoga deck, a gym, sauna, recreation lounge and barbecue seating.

Read more: <a href="/news/qld/secure-yves-mermaid-beach-apartments-with-just-a-10k-deposit">Secure Yves, Mermaid Beach apartments with just a $10k deposit as Coposit launches in Queensland</a>

Read more:&nbsp;<a href="/news/qld/why-locals-are-buying-an-yves-mermaid-beach-apartment">Why locals are buying an Yves, Mermaid Beach apartment</a>

Read more:&nbsp;<a href="/news/qld/hirsch-faigen-appoint-hutchinson-builders-to-deliver-gold-coast-apartment-development-yves">Hirsch &amp; Faigen appoint Hutchinson Builders to deliver Gold Coast apartment development, Yves</a>

<h2>Project: The AU 
Location: Surfers Paradise 
Developer: ASF Group</h2>

The AU takes up shop along Surfers Paradise's renowned Esplanade.&nbsp;

The luxury development gives residents the chance to live right on the beach, while being just moments from all Surfers has to offer, along with the rest of the Gold Coast.&nbsp;

[smartcode_project:default project_id=6762 project_image_fid=187228]

The 19-storey development delivers a collection of 12 full floor and two tri-level penthouses, which have been designed by Archidiom with interiors by the renowned&nbsp;Greg Natale.

Everything about the homes exudes timeless and opulent luxury, with triple-height glazing, showcasing unbeatable ocean vistas and filling each living area with natural light, as well as detailed marble flooring and structural columns with an art-deco style fluted pattern.

Residents of The AU will also have exclusive access to the on-site club which features a sun deck and lounge, sauna, gymnasium, barbeque and dining area and an ocean-view pool.

[smartcode_project:default project_id=6762 project_image_fid=187221]

Just a handful of four-bedroom residences remain in the Surfers Paradise development, with construction slated to wrap by the end of 2024.&nbsp;

Read more:&nbsp;<a href="/news/qld/how-the-au-maximises-the-surfers-paradise-beachfront-more-than-any-other-development">How The AU maximises the Surfers Paradise beachfront more than any other development</a>

Read more:&nbsp;<a href="/news/qld/how-the-french-art-deco-influence-inspired-greg-natales-design-of-the-au-surfer-paradise-apartments">How the French Art Deco influence inspired Greg Natale's design of The AU, Surfer Paradise apartments</a>

Read more:&nbsp;<a href="/news/qld/display-tour-video-the-au-by-asf-group-at-52a-the-esplanade-surfers-paradise">Display Tour Video: The AU by ASF Group at 52A The Esplanade, Surfers Paradise</a>

Completion dates can be the overarching factor in a prospective buyer's decision to purchase or not

Top five Gold Coast apartment developments completing construction in 2024

Plans have been submitted by the local Gold Coast apartment developer Aniko Group for their massive $1.5 billion landmark project in Mermaid Beach.

The four-tower development on over 1.1 hectares on the corner of Gold Coast Highway and Seaside Avenue, will see 973 apartments delivered, as well as a luxury hotel, offices, and a good, beverage and retail precinct.

The four towers, which are designed by award-winning firm Plus Architecture, will rise 25, 30, 40 and 53 levels, with a mix of&nbsp;one, two and three-bedroom apartments, as well as an exclusive collection of three-bedroom-plus-study sky homes, sub-penthouses and penthouses.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="850375c8-2872-43f8-a51a-5e76435442fe" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.44.57%20am.png?VersionId=GvNgDUPxayzQEGtjl1kvrb0btNlmcrZK" />

The apartments will range in size from 60 sqm for the one-bed units to over 500 sqm for the penthouses. Plus have designed the apartments&nbsp;to appeal to a broad range of buyers from sea changers, owner-occupier lifestyle seekers, downsizers, investors, and lock-and-leave holiday homeowners.

Residents will have access to&nbsp;extensive amenity on an expansive recreation podium. The podium will service all four towers, offering a central resort-style lagoon pool, separate lap pool, sauna, steam room and a large gym.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="9b53a9ca-d0f7-442b-a65d-a26bdacece9c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-23%20at%202.51.34%20pm.png?VersionId=Wq.MIwjVSdiF6jwZ80QoRsPd2A25CWsY" />

The recreation podium will also provide extensive recreational amenities for residents and hotel guests including a bowling alley, a teen arcade, a Treasure Island kids’ play area with a Lazy River kids’ lagoon, and a multi-use court that will accommodate half-court basketball, volleyball and pickleball.

A residents’ lounge, with work-from-home facilities, will be complemented by breakout seating areas throughout, including a dedicated firepit.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="070ab984-78b0-4b5a-81d3-987c3ca53340" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.46.03%20am.png?VersionId=srlprIkq0ZIX1zvOg22Ma0ZBPF5wo6aw" />

The ground floor will offer fine dining that utilises more than 100 metres&nbsp;of waterfront presence to the west of the property facing Pacific Fair.

Aniko Group Managing Director George Mastrocostas said they're hoping to launch the first stage of the project in late 2023, pending approvals, with the first residents to be welcomed by 2025.

The project will be delivered in four stages over the next six years. The first stage will comprise the 30-level tower with 175 one, two and three-bedroom units on offer.

“We believe the proposed plan will provide a unique and highly curated experience for both residents and workers of the development and the local community beyond,"&nbsp;Mastrocostas said.

<img alt="Aniko Mermaid" data-entity-type="file" data-entity-uuid="db1d5340-14b9-4c4a-8267-eb754f2f236c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202022-12-24%20at%207.45.34%20am.png?VersionId=xiqcXMzDItbWrrBdMmbsUDJD1DrNErhh" />

“With the support of GCCC, we intend to reinvigorate the existing Pacific Fair Drive with retail, food and beverage tenancies which will invite and encourage pedestrian movement along our site and towards the canal edge.

“With these lifestyle and connectivity considerations key components of the master plan, this project will certainly be a game-changer for Mermaid Beach as residents and visitors can live, work, eat and play all within the same vicinity."

The mixed-use development will also include more than 10,000sqm of commercial A-grade office space, leveraging off the site’s prime position along the Gold Coast light rail while bolstering supply in a tightening Gold Coast office market.

“The inclusion of a commercial component to the project will create a local hub for a range of businesses and services located within walking distance to accessible public transport,” Mastrocostas added.

The four towers, which are designed by award-winning firm Plus Architecture, will rise 25, 30, 40 and 53 levels

Aniko lodge plans for $1.5 billion Mermaid Beach development

Adjacent to its fashionable neighbours Broadbeach and Miami lies the Gold Coast's coastal suburb of Mermaid Beach, called so after the cutter HMS Mermaid.

The relaxed stretch of golden coastline is popular with swimmers and surfers looking to escape the flocks of people, with keen surfers making tracks for the uncrowded break at Heron Avenue, later refuelling at the Surf Life Saving Club, renowned as being possibly the Coast's very best.&nbsp;

A step back from the famous beaches that line the Gold Coast, lies the rolling hills of the hinterland and beyond and one recent residential development showcasing the views, is&nbsp;Niecon's&nbsp;Ventura Residences.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199484]

While just 250 metres from the Mermaid Beach sand, Ventura benefits from a north, north-west corner positioning, taking in not just the nearby beach, but city skyline and hinterland views as well.&nbsp;

Niecon’s Sales and Marketing Director, James Nikiforides has spent his whole life in the area and says the hinterlands are what makes quintessential Queensland living.

“Everyones focus is on the beach but people rarely focus on the hinterland, when we have one of the most beautiful hinterlands in the world,” he said.&nbsp;

While the crystal clear ocean waters and stretches of golden sand are the first thought for most when thinking of the Goldie, one often overlooked aspect is the hinterland.&nbsp;

National Parks are the specialty here.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199485]

From the Gondwana Rainforests of Springbrook National Park - considered one of the wettest places in Southeast Queensland - to the picturesque walking trails that lace through Lamington National Park, which attracts birdwatchers in their droves, there's something for everyone.&nbsp;&nbsp;

Mount Tamborine, the Gold Coast’s most famous former volcano, also finds its home in the hinterland, just 25-minutes from Mermaid Beach.&nbsp;

It’s in the Gold Coast Hinterland where foodies prosper as well.&nbsp;

Producers are scattered throughout this strip, specialising in everything from fruit to fudge.&nbsp;

Vineyards are also in no short supply, with local creations from regional favourites like Cedar Creek Estate and Canungra Valley Vineyard, or forgo the vino for the unique liqueurs crafted by Mount Tamborine Distillery.&nbsp;

“The sunsets that come with the hinterland, the nice pink clouds on the right day - there’s nothing like it,” he said.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199491]

Nikiforides highlighted the point that at night time, directly over the ocean, visibility is limited, reducing the incredible views to the daytime.&nbsp;

“Admittedly during the day, there’s nothing like looking over the ocean, however with hinterland views, at night there's the view to the skyline, with the twinkle of the houses, along with river views from the canals of Mermaid Waters to the west, so there's all these other little gems and hidden pieces,” he said.

“What’s really special with Ventura is it takes all of this in. &nbsp;It has water views, its hinterland views, its city skyline views, it's got it all,” Nikiforides added. &nbsp;

The remaining Ventura apartments are all situated within the corner of the development.&nbsp;

With three-bedrooms, the open-plan design allows abundant natural light into the homes, while openable windows provide cross ventilation and a further connection to the site’s surroundings.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199487]

“There’s a lot of real benefit to the remaining units,” said Nikiforides.&nbsp;

The project's unique offering of a three-bedroom apartment is a rarity for Mermaid Beach, with each complete with two-bathrooms and one or two car spaces.&nbsp;

Ventura Residences will also house a suite of residential amenities, including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, al fresco dining area, Zen garden and functional gymnasium located on level five.

[smartcode_project_cta:default project_id=108737]

A step back from the famous beaches that line the Gold Coast, lies the rolling hills of the hinterland and beyond and one recent residential development showcasing the views, is Niecon's Ventura Residences. 

The quintessential Queenslander: How the Mermaid Beach Ventura Residences takes in the hinterland, the beaches and the city skyline

The latest market research from Colliers shows the sales of new apartments on the Gold Coast continues to only edge higher.&nbsp;

In the June quarter prices were pushed higher, even amid the city’s ongoing supply shortage and interest rate rises.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184933]

The research, supported by data from Urbis, has revealed 396 sales of new apartments in the quarter, up from 377 sales three months earlier, despite the Reserve Bank of Australia lifting the cash rate for the first time in more than a decade during the middle of the quarter last May.

Critically, the data shows the average price paid for these apartments was $1.117 million - or 3.8 per cent higher than the previous three months, which is just shy of the record high of $1.143 million reached in the September quarter of 2020 during the height of the pandemic.

Director of Colliers Residential Gold Coast, David Higgins said the latest report reveals a general trend of declining sales of new apartments since the record high of 742 in the March quarter last year.

“The latest quarter’s sales may be slightly higher than the March quarter but well down on the extraordinary peak we saw in the first quarter of last year,” said Higgins.

[smartcode_project:default project_id=107520 project_image_fid=183045]

“However, sales over the 18 months to June this year have all been significantly higher on a quarterly basis than the preceding 18 months and that reflects sustained demand in the market even through the first two interest rate increases.”

The number of apartments remaining for sale across the 81 Gold Coast projects surveyed for the report was 875 – up from 411 in the March quarter as more projects were released to the market.&nbsp;

But that still represents just 5.5 months of supply based on the current sales rate.

Colliers expects supply constraints and ongoing demand to continue driving apartment prices higher on the Gold Coast in the near term.

Director in Charge of Colliers Gold Coast, Steven King, said the findings in the report were reflective of the Gold Coast’s product shortage and continuing market strength.

[smartcode_project:default project_id=107928 project_image_fid=198887]

“Supply of new apartments is falling due to the increased cost of construction, which for high rise apartment projects over the last 16 months has risen by more than 25 per cent,” said&nbsp; King.

“Demand for new apartments remains solid but with a reduced supply of new projects and apartments, we expect apartment prices to continue rising especially if the supply shortage becomes more critical.”

The report also shows the Gold Coast capped of the 2022 financial year with a total of 2,073 new apartment sales.&nbsp;

Three-quarters of these were located along the coastal strip from Southport to Coolangatta with almost half, or 49 per cent, in the Gold Coast Central precinct which includes Broadbeach and Surfers Paradise.&nbsp;

The Southern Beaches precinct from Mermaid Beach to the southern border accounted for 26 per cent of the year’s total sales.

[smartcode_project:default project_id=107520 project_image_fid=183047]

Among other key findings in the latest research is an increase in offshore investors entering the market during the June quarter with four per cent of total sales during the period requiring Foreign Investment Review Board approval. The number of FIRB sales was up three per cent compared with the March quarter this year.

“There’s an emerging trend of foreign purchasers gradually re-entering the southeast Queensland investment market,” said Higgins.

“We’ve also noticed that the dynamic interest rate environment has had less of an effect on owner-occupier stock above $1.5 million in comparison to the bottom end of the market. Should they continue, both of these emerging trends will add another layer of continued demand pressure in the medium term.”

Higgins said the apartment market has been dominating sales momentum across all property sales on the Gold Coast over the past year.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=198886]

In the nine months from the 2021 September quarter to the March quarter this year, there was an increase of 55.1 per cent in house sales compared with a 104.4 per cent increase in apartment sales, led by a surge of buyer activity at the tail end of COVID.

“The Gold Coast metro’s house market shows continued signs of growth, but at a slower rate, which is welcome news for buyers,” concluded Higgins.

In the June quarter prices were pushed higher, even amid the city’s ongoing supply shortage and interest rate rises. 

Gold Coast apartment sales and prices edge higher amid ongoing supply shortage 

The first development of Soheil Abedian following the closure of Sunland Group has been granted approval.

Abedian's new Abedian &amp; Co venture will be developing Peerless in Mermaid Beach, not far from Sunland's successful 272 Hedges Ave which was recently completed.

The approval comes just four months after the plans for Peerless were filed with the Gold Coast City Council.

The project site at 35-41 Peerless Avenue will sit next door to the recently completed Bela by Mosaic.

<img alt="Render of the Mermaid Beach project" data-entity-type="file" data-entity-uuid="edec96ac-459a-4ee1-a9e1-325a113a13f7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/screen_shot_2022-06-22_at_3.39.49_am.jpeg?VersionId=OOAF7YI4Qh.ne2DV3d9GoVD2aaMmZv5D" />

Gold Coast-based Spatium Architects designed the plans for the 124-metre high tower, which focuses on the owner-occupier, dominated by a suite of three-bedroom apartments.&nbsp;

There will be 103 apartments in total, 44 two-beds which start at a generous 117 sqm internal living space and a further 11 sqm balcony.

Some 64 three-bed apartments are planned, which will start from nearly 200 sqm internally and have nearly 20 sqm balcony space. The sub-penthouse three-beds will span half a floor.

There will be a sole four-bedroom apartment, the sprawling rooftop penthouse, which will span over 400 sqm of living space and a further 280 sqm of outdoor area which will feature its own lawn.

A landscaped elevated podium will round out the recreational offering within the tower, featuring a 25 metre lap pool with a lagoon and inpool and spa, poolside garden pods, a garden barbecue terrace with lounge seating, a gym, a yoga room and a yoga lawn, along with two saunas and a steam room.&nbsp;

Away from the pool will also be a private bar and dining room with a green roof, which can be booked out by residents, along with further work from home space, provided in the form of a lounge with a library and meeting room.

<img alt="Render of the Mermaid Beach project" data-entity-type="file" data-entity-uuid="704db858-2d97-4591-a278-6c6b30c4d6ca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/screen_shot_2022-06-22_at_3.39.44_am.jpg?VersionId=LMw8atbslJObUKjiXw5iblHljOfW3Zy7" />

It is proposed the development will become a landmark building along the southern high rise fringe, with the site maintaining high visual exposure from the Gold Coast Highway and Hedges Avenue.

"The vision for this development is simple in the desire to create a carefully crafted residential project which not only provides a beautiful living environment for the residents, but also pays respect to the community in the way it integrates with its street context and the city skyline," Spatium noted in the development application.

They said that all apartments are generously sized to provide genuinely liveable spaces and that the unit mix, rather than being focused solely on high income earners, provides well designed homes for a large cross section of the community in the form of two, three and four-bedroom apartments.

[smartcode_project_cta:default project_id=113185]

Abedian gets sign off for Mermaid Beach apartment project, Peerless 

Prominent Gold Coast developer Aniko Group is planning to bring over 1,000 apartments to a recently secured site in Mermaid Beach, pitched as being destined to become the southern gateway to the city’s central precincts of Broadbeach and Surfers Paradise.

Aniko, led by managing director George Mastrocostas, are still putting the final touches to the development plans, but there will be four towers homing the apartments, rising 25, 30, 40 and 45 levels.

The vacant 1.1 hectare site at Seaview Avenue, adjacent to Pacific Fair, is one of the largest landholdings on the Gold Coast Highway corridor and it was identified by Aniko Group as an unmatched opportunity to create a major mixed-use lifestyle precinct that will deliver a premium master-planned residential, hotel, waterfront dining and office development.

The ground floor will have a world-class waterfront fine-dining precinct that utilises more than 100 metres of waterfront presence to the west of the property facing Pacific Fair Shopping Centre and that is poised to complement the existing lifestyle and dining facilities in nearby central Broadbeach.

The mixed-use development will also include more than 5,000 sqm of commercial A-grade office space, leveraging off the site’s prime position along the Gold Coast light rail while bolstering supply in a tightening Gold Coast office market.

Mastrocostas said Mermaid Beach has become the Gold Coast’s most dynamic beachside suburb, and the development will create a new beating heart for the area.

“This will be a unique community within one of the Gold Coast’s most desirable beachside suburbs that not only offers easy access to the beach and central Broadbeach but is truly a lifestyle location featuring the Gold Coast Exhibition Centre, Star Casino, Pacific Fair Shopping Centre and central Broadbeach all in the one precinct," Mastrocostas said.

“We have developed a scheme that includes an activated ground-floor waterfront fine dining precinct that will elevate our resident and visitor experience.

“Stepping up off the ground into commercial offices provides a supply of new office space that the area has been seeking.

“Capping off the scheme is a residential offering harnessing the incredible sight lines across iconic beaches into the open ocean and the hinterland, while residents and visitors will be just a short stroll from an array of Gold Coast beaches.”

Aniko Group is close to finalising plans for the Mermaid Beach site and expects to lodge a development application in coming months, with Plus Architecture already drawing up the designs.

“Being such a significant project, our design team is taking a considered approach to create a standout development in an increasingly discerning market,” Mastrocostas added.

“A site of this scale would normally take years to amalgamate, but we are now ready to go with a development that will create a vibrant new coastal community and leave a legacy that we believe will stand the test of time.”

In recent years, the Mermaid Beach residential market has achieved exceptional price growth which has positioned the area as the city&amp;#39;s hottest beachfront suburb. The Gold Coast’s famous multi-millionaires row, Hedges Avenue, is just a stone’s throw away from the site.

The sale of the site at Seaview Avenue was negotiated by Managing Director of CBRE Gold Coast, Mark Witheriff.

Aniko Group, which has successfully launched five luxury residential projects worth more than $500 million at Hope Island in the past three years, currently has a $105 million residential development in train at Chevron Island.

&nbsp;

George Mastrocostas said Mermaid Beach has become the Gold Coast’s most dynamic beachside suburb, and the development will create a new beating heart for the area.

Aniko Group to deliver over 1,000 apartments at $1 billion Mermaid Beach precinct

Low-rise apartments continue their descent on the popular Albatross Avenue, with Mermaid Beach maintaining its place as a hotspot for developers.&nbsp;

The new plans come from Burleigh Heads-based developers, Highlife Homes, headed by James George, who founded the company, steadily progressing from renovating new homes, to luxury homes and duplexes and then to townhouse developments.

<img alt="Render of the 68 Albatross Ave project" data-entity-type="file" data-entity-uuid="fa345470-e8bb-4b85-a7ba-ee23682e345d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%209.25.06%20pm.png?VersionId=oiL3TWHnwrymSm_SmXmjC1Qvb7PLuwsU" />Render of the proposed Albatross Avenue development. Credit:&nbsp;Raunik

The group has lodged plans for an 809 sqm site at 68 Albatross Ave, with plans for a four-storey, eight-apartment project, offering a mix of three-bedroom residences, designed by architects, Raunik Design Group.

Taking inspiration from its coastal location, the building incorporates materials, colours and textures prevalent to the beachside locality, including light-toned timber look features, timber soffits, feature stone cladding, glazed balustrades and landscaped planters which soften and juxtapose the concrete render.&nbsp;

The development also seeks to provide a higher-end product, in a bid to allow local residents to “age in place” within the local community as they downsize from traditionally larger family homes to a more compact, lower-maintenance dwelling typology, without necessitating moving out of the Mermaid Beach locale.&nbsp;

<img alt="Render of the proposed Albatross Avenue development. Credit: Raunik" data-entity-type="file" data-entity-uuid="6919ffd3-9811-45d9-8a7a-ad76203ac2c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-09-14%20at%209.25.20%20pm.png?VersionId=2vjPWdGOioIq7tCDZrELB0ci4I.1aZ4V" />Render of the proposed Albatross Avenue development. Credit:&nbsp;Raunik

Each floor will house two apartments, with the homes adopting an open plan layout, with the living, dining and kitchen adjoining to generously-sized terraces and balconies, oriented toward the east.&nbsp;

Crowning the building will be a rooftop terrace, for the use of the penthouse residents.

Designed for outdoor entertaining, the space is equipped with a barbecue area, as well as a dining space with a lightweight pergola, outdoor seating, a spa and a plunge pool.&nbsp;

Highlife’s project will join a string of projects taking up a spot in the coveted Gold Coast pocket.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199485]

Just down the road, Hutchinson Builders recently started work on the Niecon project, Ventura Residences, which will deliver 45 apartments come mid-2023.&nbsp;

The Ventura Road development, just 250 metres from the Mermaid Beach sand, has been a hit with owner-occupiers, who have snapped up all of the two-bedroom apartments on offer, with a handful of three and four-bedroom north-facing apartments, which feature city skyline and ocean views, as well as two exclusive villas still remaining.&nbsp;

Hutchies are also behind the $200 million Hirsch &amp; Faigen project, Yves, with the development a rare high-rise offering in the area.&nbsp;

[smartcode_project:default project_id=102451 project_image_fid=186077]

The three-tower development at 7-9 Mermaid Avenue has been designed by the renowned architecture firm Rothelowman, delivering 145 luxury residences, with a mix of one, two and three-bedroom apartments, in addition to the premium offerings of two four-bedroom, half-floor sub-penthouses and a single full-floor penthouse.

More than half of the apartments in Yves were snapped up in the first two months of marketing, unsurprisingly with locals dominating the purchasing, with select two, three and four-bedroom apartments remaining.&nbsp;

The group has lodged plans for an 809 sqm site at 68 Albatross Ave, with plans for a four-storey, eight-apartment project, offering a mix of three-bedroom residences, designed by Raunik Design Group Architects.



The Mermaid Beach apartment wave continues, with new development plans lodged for Albatross Avenue

Construction has started on Niecon’s Mermaid Beach apartment project, Ventura Residences.

The renowned construction firm Hutchinson Builders have been appointed as head contractors, with completion for the 45-apartment project slated for mid-2023.

The Ventura Road development, just 250 metres from the Mermaid Beach sand, has been a hit with owner-occupiers, who have snapped up all of the two-bedroom apartments on offer.

There's still a handful of three and four-bedroom north-facing apartments, which feature city skyline and ocean views, as well as two exclusive villas.

[smartcode_project:default project_id=108737 project_image_fid=199486]

Both the villas front the serene Mermaid Park and include upgraded Miele appliance packages and stone benchtops.

Villa One spans 374 sqm of living space across its two levels, and features four-bedrooms, four bathrooms, and two car spaces.&nbsp;

Villa Two is spread over three levels and features a private rooftop terrace with ocean views.&nbsp;

[smartcode_project:default project_id=108737 project_image_fid=199487]

Spanning 308 sqm, Villa Two has three bedrooms and three bathrooms, and also has two car spaces.&nbsp;

Since its first projects in 1978, Niecon Developments has become one of the leading property development companies on the Gold Coast.&nbsp;

They've appointed the equally regarded Hutchinson's one of the most in demand&nbsp;construction firms across Australia. They date back well over a century.

Founded in 1912, current chairman, Scott Hutchinson, is now the fourth generation Hutchinson to preside over the business, with their extensive workbook seeing the group deliver around $2.5 billion worth of projects annually, including everything from sports stadiums to hotel towers.

[smartcode_project_cta:default project_id=108737]

There's still a handful of three and four-bedroom north-facing apartments, which feature city skyline and ocean views, as well as two exclusive villas

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