For most new apartment buildings, the Owners Corporation starts life with little more than a bank account and the first quarterly strata levies.

At <a href="https://www.apartments.com.au/buildings/9-gay-street-castle-hill-9-gay-street-castle-hill-nsw-2154">9 Gay Street</a> in <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a>, it starts with around $7 million in reserve.

It's an unusual legacy of what was once one of Sydney's highest-profile apartment remediation projects. When the development, originally known as Skyview and built by disgraced developer Top Place, came under scrutiny by then NSW Building Commissioner David Chandler, an $11 million remediation bond was negotiated to ensure any building defects could be fully rectified.

The building underwent an 18-month remediation program, during which around $4 million of that bond was spent bringing the building up to the standard it should have been in from the outset.

After extensive inspections, all active rectification orders have been lifted. What's more, around $7.2 million remains secured for the Owners Corporation for the next 15 years.

In a twist few would have predicted, what began as a significant concern for purchasers has left the building with something almost unheard of in the apartment market: a multi-million-dollar financial reserve from day one.

[smartcode_project:default project_id=147685 project_image_fid=359136]

<a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a> Executive Chairman Greg Huxley said the structure offers buyers a level of certainty that is difficult to replicate.

"The $11 million bond established for the Skyview Castle Hill development represents exceptional value, providing genuine financial security for purchasers," Huxley said.

"Unlike a standard insurance policy, this bond consists of real funds held in trust for the Owners Corporation, offering a tangible layer of protection and added peace of mind."

The apartments themselves have been designed with a focus on practical, contemporary living. Interiors feature Smeg appliances, stone benchtops, tiled living areas, carpeted bedrooms, 2.7-metre ceilings, floor-to-ceiling glazing, and ducted heating and cooling throughout.

Residents also have access to a range of shared amenities, including two rooftop barbecue areas, a swimming pool, children's playgrounds, secure building access, storage cages, and visitor parking.

The location continues to be one of the project's strongest drawcards. Castle Hill Metro Station sits virtually on the doorstep, providing direct connections across Sydney's expanding Metro network, while Castle Towers offers extensive retail, dining, entertainment, and service amenities within walking distance.

[smartcode_project:default project_id=147685 project_image_fid=359127]

The building, now named after its location at 9 Gay Street, comprises a diverse mix of one-, two-, and three-bedroom apartments starting from just under $600,000.

Equitifund National Sales Director Ben Hamblett said demand in the Hills District continues to be driven by buyers seeking convenience and connectivity.

"Interest from both owner-occupiers and investors in Castle Hill remains exceptionally strong, with buyers consistently prioritising developments in close proximity to the Metro station and Castle Towers Shopping Centre," Hamblett said.

"There is a clear trend in the market, with purchasers seeking convenient access to transport and lifestyle amenities that support a seamless, low-maintenance way of living."

On top of the long-term protection afforded by the remaining $7.2 million bond, Equitifund is offering a limited-time stamp duty rebate on selected apartments.

Eligible purchasers can also secure finance options, including a 3.99 per cent two-year variable rate, loan-to-value ratios of up to 90 per cent, and interest-only lending options through EquitiCredit.

[smartcode_project_cta:default project_id=147685]

Joel Robinson

Why this Castle Hill apartment building starts with a $7 million advantage

For much of the past few years, conversations about Australia's property market have centred on the rapid growth seen in Sydney, Brisbane, Gold Coast, and Perth. <a href="https://www.apartments.com.au/developments/melbourne-vic-3004">Melbourne</a> has followed a different trajectory.

That relative underperformance is now encouraging some buyers to reassess the city, particularly those willing to look beyond short-term market movements and focus on quality property in established locations, along with the long-term growth prospects of a city expected to overtake Sydney as Australia’s most populous.

John Bekiaris, Research &amp; Market Insights at <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Projects by Equitifund</a>, said Melbourne's current position is attracting increasingly sophisticated purchasers.

"Melbourne continues to present one of Australia's strongest long-term investment stories," Bekiaris says.

"While other capital cities have experienced stronger recent growth, that relative underperformance is exactly what's attracting sophisticated counter-cyclical investors."

[smartcode_project:default project_id=1979 project_image_fid=363268]

Equitifund isn't just commenting on Melbourne's property market, it's investing in it.

The Sydney-headquartered capital partner has taken over the remaining apartments at <a href="https://www.apartments.com.au/buildings/victoriana-melbourne-20-queens-road-melbourne-vic-3004">Victoriana</a>, the recently completed glass-encased development opposite Albert Park Lake in Melbourne's tightly held St Kilda Road precinct.

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a> and built by <a href="https://www.apartments.com.au/builders/hickory">Hickory</a>, Victoriana places residents between one of Melbourne's most recognised parklands and the CBD, offering oversized two and three-bedroom apartments aimed at owner-occupiers seeking a genuine alternative to a traditional family home.

The development comprises 232 completed residences alongside a suite of resident amenities, including a 25-metre indoor swimming pool, gymnasium, landscaped entertaining areas, resident lounges, EV charging, secure basement parking and a concierge-style arrival experience.

[smartcode_project:default project_id=1979 project_image_fid=363229]

The apartments have been designed with owner-occupiers firmly in mind.&nbsp;Open-plan living and dining areas flow onto generous balconies framing views across Albert Park Lake, Fawkner Park, the Royal Botanic Gardens and the Melbourne skyline.

Kitchens feature Gaggenau appliances, stone benchtops and generous preparation space. Bedrooms include built-in robes, while bathrooms feature full-height textured tiling. Hardwood flooring and ducted air conditioning complete residences designed for long-term living.

Rothelowman's architecture takes its cues from the landscape opposite the site. Sweeping horizontal glazing references the movement of Albert Park Lake, while generous balconies and expansive glazing strengthen the connection between the apartments and the surrounding parklands. The result is a building designed to deliver the scale and amenity expected of luxury apartment living, while offering the larger floorplans increasingly sought by owner-occupiers.

[smartcode_project:default project_id=1979 project_image_fid=363284]

The location is one of Victoriana's defining characteristics. Positioned on Queens Road, residents are directly opposite Albert Park Lake and within easy reach of Fawkner Park, the Royal Botanic Gardens, South Melbourne, St Kilda Road and the CBD. With few comparable development opportunities remaining in the precinct, buyers are increasingly placing value on outlooks that are unlikely to be interrupted by future construction.

Greg Huxley, Founder of Equitifund, believes those qualities become even more valuable over time.

"Premium real estate has always rewarded buyers who take a long-term view," Huxley said.

"Victoriana represents the kind of asset that's increasingly difficult to recreate today, particularly in an established location like Queens Road."

He said rising construction costs are also changing the way buyers assess completed developments.

"When you combine an irreplaceable location with thoughtful architecture and premium finishes, you create something that becomes increasingly difficult to reproduce as construction costs continue to rise."

[smartcode_project:default project_id=1979 project_image_fid=363228]

According to National Sales Director Ben Hamblett, enquiry has been driven largely by Melbourne downsizers and buyers upgrading from smaller apartments.

"Interest in Victoriana continues to build, with strong buyer focus on the larger owner-occupier residences within the development," Hamblett says.

"Enquiry is increasingly driven by local buyers who recognise the rarity of what's on offer: park-facing apartments in an established neighbourhood where new development opportunities are becoming increasingly scarce. At Victoriana, the view is not just a feature; it's an appreciating asset in its own right."

He said interstate enquiry has also strengthened as buyers reassess Melbourne's position within the national property cycle.

"Melbourne currently stands as the most compelling entry point of any major Australian capital, and discerning buyers are beginning to recognise what those who move early always understand: the best opportunities are taken before the price rise confirms them."

[smartcode_project_cta:default project_id=1979]

Why now is the time to buy in Melbourne's premium apartment market

Developers and apartment buyers have a narrowing window of opportunity before Brisbane's Olympic infrastructure pipeline begins competing directly with residential construction, pushing up costs, tightening labour supply and making new projects increasingly difficult to deliver.

While Brisbane's apartment market continues to benefit from strong population growth and limited housing supply, industry research suggests the years leading up to 2027 could prove to be the most important period for developers looking to secure builders and buyers hoping to purchase before the next wave of price increases.

A new Colliers report, Brisbane 2032 Olympic and Paralympic Games: Creating Solutions, highlights the scale of the challenge. While thousands of new homes are planned across South East Queensland, the Brisbane Olympic Athletes Village alone will deliver more than 10,500 beds during the Games before being converted into around 1,750 to 2,000 apartments. Equivalent to almost two years of typical inner-city apartment supply, the project will also absorb a significant share of the construction workforce and building materials.

The broader construction pipeline paints an even clearer picture.

Construction Skills Queensland's Horizon 2032 report forecasts Queensland's annual construction pipeline will average $69 billion over the coming years before peaking at $75 billion in 2027-28. Demand for construction workers is expected to increase by 17 per cent to almost 150,000 people, with the industry facing an annual shortfall of around 19,000 workers that could blow out to as many as 35,000 during the peak construction period.

The Olympic venues, athletes village and supporting infrastructure will account for billions of dollars worth of work across South East Queensland through to 2032, creating intense competition for labour at a time when Australia's residential construction sector is already under pressure.

[smartcode_project:default project_id=150489 project_image_fid=373834]

Colliers Queensland Residential Director Andrew Scriven said the convergence of these projects is creating a clear window of opportunity for both developers and buyers.

"From 2027 onwards, the market will shift dramatically," Scriven said.

"Labour will increasingly be locked into government-led infrastructure and Olympic projects, which means private residential developments will face higher costs and tighter margins. The developers who move now are the ones most likely to get projects off the ground."

Scriven said the same dynamic would also affect buyers, with fewer apartment projects expected to launch once construction capacity tightens.

"If you're looking to change your lifestyle over the next five years, now is your window of opportunity to buy."

[smartcode_project:default project_id=150713 project_image_fid=373827]

Developers are already positioning themselves ahead of that window.

Following the success of Monarch at Toowong, Consolidated Properties is preparing to launch two new Brisbane apartment projects in the second half of 2026. They include <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> at Yeerongpilly Green, a 25-storey tower within one of Brisbane's key Olympic precincts, and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a recently approved 25-storey riverfront development at 47 Skyring Terrace in Newstead.

Hutchinson Builders will deliver both projects, with early works already underway at Yeerongpilly and Newstead expected to commence later this year.

The timing comes as Brisbane's fundamentals continue to strengthen, with strong interstate migration, population growth and vacancy rates remaining below 1.5 per cent.

Colliers Queensland researcher Pragya Sharma said Greater Brisbane is forecast to require around 40,000 new apartments between 2021 and 2031.

"There's a real mismatch emerging between when housing is needed and when it will be feasible to build," Sharma said.

"As a result, the period leading up to 2027 presents a key window of opportunity for developers to secure approvals, funding and construction capacity, while buyers will have greater choice before supply constraints intensify."

Colliers research outlines a critical pre-2027 window to start residential projects before labour squeeze: now is the time to buy

Developers, buyers on watch in South East Queensland ahead of construction crunch: Colliers

It's taken less than nine months for developer Sherpa Property Group to sell out all 51 apartments in its <a href="https://www.apartments.com.au/new-apartments/flourish-oasis-palm-beach-7-9-sixth-avenue-palm-beach-qld-4221">Flourish Oasis</a> development in <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a>, over a year before its anticipated completion.

&nbsp;

Located at 7-9 Sixth Avenue, the $67 million development has resonated strongly with both local owner-occupiers and downsizers seeking high-quality apartments within walking distance of the beach, dining precincts and everyday amenities.

[smartcode_project:default project_id=151449 project_image_fid=357458]

Christie Leet, Founder of <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a>, said the sell-out reflected both the strength of the Palm Beach market and the success of Sherpa's community-first approach to development.

"The sell-out of Oasis is a fantastic outcome and reinforces the strong demand we're seeing for thoughtfully designed apartments in lifestyle locations," Leet said.

"From the outset, our vision was to create a development that genuinely enhanced the Palm Beach community while providing residents with exceptional homes and wellness-focused amenities.

"We've been incredibly encouraged by the level of local support throughout the campaign, 72.5 per cent of buyers are locals, with a significant proportion of purchasers choosing Oasis as their future home rather than an investment."

[smartcode_project:default project_id=151449 project_image_fid=357463]

Construction is now progressing following development approval, with trusted builder LPS Group delivering the project and completion anticipated in Q3 2027.

Oasis forms part of Sherpa Group's successful Flourish collection, which has become recognised for its focus on wellness, community and elevated coastal living.

[smartcode_project:default project_id=151449 project_image_fid=357469]

Residents will have private access to a rooftop amenity space featuring a pool, gym, sauna, steam room, hot and cold plunge pools, spa and barbecue facilities.

"The success of Oasis demonstrates that buyers continue to prioritise quality, location and lifestyle," Leet said.

"We are proud to have delivered a project that has resonated so strongly with the market and look forward to bringing Oasis to life for our future residents."

Sherpa recently launched <a href="https://www.apartments.com.au/new-apartments/flourish-soleira-palm-beach-1150-1160-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a>, its third instalment of the Flourish brand in Palm Beach following Flourish Oasis and <a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Flourish Amargo</a>.

[smartcode_project_cta:default project_id=151449]

Sherpa sells out Flourish Oasis in booming Palm Beach

Urban Property Group's <a href="https://www.apartments.com.au/new-apartments/la-vera-macquarie-park-94-talavera-road-macquarie-park-nsw-2113">La Vera</a> is leading the next phase of Macquarie Park's residential evolution, with the new apartment development set to become the first of several new apartment projects in the precinct to complete.

The 169-apartment building has now topped out ahead of its scheduled completion in the third quarter of 2026, as new residential investment continues to reshape one of Sydney's largest employment hubs into a true mixed-use precinct.

[smartcode_project:default project_id=134951 project_image_fid=368645]

Cox Architecture has designed La Vera to capture the best of its unique positioning on Talavera Road, orienting the building towards Lane Cove National Park.&nbsp;The building features a sculpted northern façade with flowing curves inspired by the surrounding landscape, while its city-facing elevation adopts a more structured architectural expression to maximise skyline views.

"The vision for the project was to conceive a building that adopted an organic and curvilinear form to the northern portion that faces the Lane Cove National Park," <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a> Director Felipe Miranda said.

"The residents that reside in the northern portion of the building benefit by having beautifully crafted curved balconies that speak to the natural context and heighten the relationship of their internal living spaces to the external balconies."

[smartcode_project:default project_id=134951 project_image_fid=358802]

La Vera offers a diverse mix of one, two, three, and four-bedroom configurations, with prices currently starting from $740,000. Buyers so far have been a mix of Sydney-based investors,&nbsp;metro commuters, owner-occupiers and downsizers from surrounding North Shore suburbs.

Both investors and owner-occupiers have been drawn to La Vera's proximity to Macquarie University, Macquarie University Hospital, Macquarie Centre and the Sydney Metro, infrastructure that supports both strong rental demand and a convenient lifestyle for residents.

The apartments feature full-height glazing, timber flooring throughout living areas, stone kitchen benchtops, SMEG appliances, floor-to-ceiling bathroom tiling and ducted air conditioning.

Residents will have access to a rooftop recreation level featuring a swimming pool, sauna, barbecue facilities and landscaped relaxation areas, complemented by additional communal space at ground level. Many apartments enjoy uninterrupted views across Lane Cove National Park, reinforcing the project's connection to its natural setting.

[smartcode_project:default project_id=134951 project_image_fid=364551]

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a>, a family-owned developer and builder with nearly four decades of experience, holds a 4.5-star iCIRT rating and was Australia's first developer to introduce 10-Year Latent Defects Insurance (LDI). La Vera is the first apartment development in <a href="https://www.apartments.com.au/developments/macquarie-park-nsw-2113">Macquarie Park</a> approved to offer the additional insurance protection, alongside a five-year warranty on SMEG appliances.

Urban Property Group CEO Patrick Elias said the additional protection reflects changing buyer expectations in the off the plan market.

"Consumers are a lot more weary and a lot more concerned in buying off the plan than they ever have been. Having LDI is a tool to portray the confidence that we have in our product, and a confidence we want buyers to share," Elias said.

Following completion of the building later this year, buyers will move into their apartments well before Christmas.

[smartcode_project_cta:default project_id=134951]

La Vera closes in on completion as Macquarie Park continues residential transformation

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

Mermaid Beach

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Mermaid Beach

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News