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;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<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;

Joel Robinson

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

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Penthouses

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Legendary Manly Sea Eagles hardman Terry 'Igor' Randall and wife Debbie have listed their long held Dee Why penthouse.
They're set to move closer to their kids.
The second rower paid $770,000 for the apartment in the boutique <a href="https://www.realestate.com.au/property-apartment-nsw-dee+why-126071890" target="_blank">block of 10 in 2004</a>. It has since been renovated throughout.
It has four bedrooms, two bathrooms and a home office.
Spanning 155 sqm internally, the most impressive feature is the 130 sqm outdoor terrace that has lagoon and beach views.
Red Property Manly agent Kerry-Anne Nielsen is marketing the home.
Randall spent his whole 12 year career at the Sea Eagles, racking up 208 games. He won the 1972, 73, 76 and 78 Premierships with Manly before retiring after the 1982 Grand Final loss to Parramatta.
He represented New South Wales on 13 occasions and the Kangaroo's 12.
Randall has been described as one of the most feared defenders to pull on a Manly jersey.
He now runs an excavating business in Dee Why. 
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Former Manly Sea Eagles hardman Terry Randall lists Dee Why penthouse

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The Yve penthouse of tennis legend Lleyton Hewitt and wife Bec is under contract.
The apartment has sat idly on the market for three years, changing agency's a number of times before its recent likely sale.
White Fox Real Estate agents Marty Fox and Ryan Fisher were the agents to secure the offer, after drastically changing the decor when they took over the listing in June.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/16/Hewitt2.jpg" alt="">
When first listed in 2012, the apartment was listed with $15 million hopes. Despite no public price listing, these hopes were reduced to around $10 million.
After quietly securing a $12.7 million Toorak mansion earlier this year, the Hewitt's were ready to sell as soon.
An agent e-mail suggested there had been "a price reduction from the vendors and the motivation to sell is still very substantial." it read.
Overlooking Albert Park lake, Hewitt purchased two apartments and merged them into a mega six bedroom penthouse.
The apartment on levels 19 and 20 of the iconic building spans 710 sqm internally and 443 sqm of outdoor space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/16/Hewitt3.jpg" alt="">
Controlled by a world-leading AMX Smart System that includes remote-controlled sheer and blackout blinds, plasma screen in each room, zoned music and an exntesive video library.
The penthouse had become problematic in recent times, with consistent reduction in price guidance.
Late last year the couple sold their Sydney acreage, emptying their property portfolio in the Harbour city.
 
 
 
 
 
 
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Lleyton Hewitt's Yve penthouse under offer

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Australia Finance Group chairman Tony Gill and wife Camilla have quietly sold their penthouse in the Altair building at Kings Cross for $7,825,000.
They paid $5.2 million in 2013 having downsized from their Castlecrag waterfront that sold for $8.5 million.
Set atop the award-winning Engelen Moore's designed Altair building, the penthouse has 240 degree views from the 19th level.
It has 215 sqm of internal living space with three bedrooms and two bathrooms. The master bedroom has its own dressing room and ensuite.
A 185 sqm L shaped terrace looks out across the city skyline to the Sydney Harbour.
Richardson &amp; Wrench agents Jason Boon and Geoff Smith sold the apartment which was first sold in 2000 at $2.5 million.
Gill has been the chairman of the AFG board since 2008.
This article first appeared in the Daily Telegraph.
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Australia Finance Group chairman Tony Gill sells Kings Cross penthouse

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The grand penthouse in Richmond's Jaques development has sold for $4.8 million to a Glen Iris couple.
The suburb's previous apartment price record was $3 million.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.34.41%20AM.png" alt="">
Kristine Lee from Developer Riverlee Group said the development has proved to be a hit with the downsizer market seeking large apartments, resulting in over 20 buyers combining apartments to create more spacious residences.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.36.44%20AM.png" alt="">
The $290 million Jaques precinct features 377 apartments and townhouses across five buildings on the former Jaques Bros Foundry site.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.37.28%20AM.png" alt="">
The south-western entrance to the site features factory’s original red brick tower with original drawings and blueprints for the manufacturing of the rock crushing machinery shown across three of the buildings.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.38.08%20AM.png" alt="">
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Grand penthouse in Richmond's Jaques development has sold

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The Grand Pavilion Penthouse at the Mirvac built Eastbourne project overlooking Fitzroy Gardens has sold for close to $14 million.
Bought by a local buyer and sold at around $30,000 per sqm, the apartment comprises 507 sqm of internal space and a 301 sqm panoramic terrace.
The terrace is complete with a bar and a transparent pool and spa.
It has five bedrooms and three living areas on the 11th floor.
Prospective buyers were allowed to customise the penthouse design through a drawing kit.
The penthouse smashed the price per sqm for the suburb.
An apartment in the development that sold for nearly $11 million set a suburb record $24,000 per sqm. A buyer had combined three off the plan apartments.
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j.ballantyne1990-6AQqhLzZaK

Mirvac secure $14 million penthouse sale

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Businessman and art collector Greg Hargrave has sold his penthouse atop the ultra establishment block, 99 Spring Street in Melbourne.
Encompassing the entire 25th floor, the four bedroom, three bathroom apartment has a home office and an outdoor terrace that offers views over the CBD.
The renovation is not to everyone's taste.
He's owned it since paying $4.08 million in 2013. Dingle Partners agent Anton Wongtrakun had a $7.5 million price guidance this time round.
The building was originally constructed in 1968 as one of the first purpose built residential buildings in the Melbourne CBD.
The penthouse was once owned by entrepreneur Robert Holmes á Court.
Since then the building has been transformed by Kerry Phelan of KPDO. The lift foyer comes with graffiti art by Anthony Lister.
Early last year Hargrave sold Wavendon, the historic 1888 South Yarra trophy for around $18 million.
Hargrave of the Skilled Group had paid $11.25 million for the three level Walsh Street home in 2006 in an off-market deal.
This article first appeared in The Weekend Australian Mansion Australia section.
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Art collector Greg Hargrave sells Spring Street penthouse

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British expats Brian Ames, who was a director of Harrods Management, and wife, Dr Diane Ames have listed their Brisbane penthouse to return to England.
They paid $4.5 million for the designer New Farm apartment in the Freshwater development in 2014.
A towering glassed grand foyer frames the Grey Street apartment's entry.
Further floor to ceiling glass allows for internal Brisbane river views, while a 34 metre balcony runs along the riverside. Spanning 468 sqm, the three bedroom, three bathroom apartment features a reading room, a large glass walled home office and a temperature controlled wine cellar. Ray White Albion agent David Treloar has the offering.
At Harrods Management Brian was tasked to look after national and international VIP's, working with many celebrities and royals.
This article first appeared in The Weekend Australian Mansion Australia section.
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Brian Ames lists Brisbane penthouse

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High profile lawyer and former Solicitor-General of Australia Justin Gleeson and wife, academic author Dr Bernadette Brennan, have listed their designer terrace in Walsh Bay.
An internal lift provides access to each level which includes a <a href="https://www.realestate.com.au/property-terrace-nsw-walsh+bay-125064594" target="_blank">whole-floor penthouse master suite</a> with a bathroom, walk in wardrobe and an atrium garden.
There are three bedrooms in total and a private courtyard, while the contemporary home has integrated technology throughout.
Belle Property Pyrmont agents Chervonne Papworth and Caroline Selka have the listing.
Gleeson resigned as Solicitor-General of Australia last year, the Commonwealth's second-ranking law officer, due to a breakdown of relationship with Attorney-General George Brandis.
He spent three years in the post. Justin and Bernadette, who have two daughters, are reportedly heading closer to the beach.
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Former Solicitor-General of Australia Justin Gleeson lists in Walsh Bay

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The Surfers Paradise, Gold Coast penthouse of Andrew MacDonald, senior vice-president and chief casino officer at Singapore’s Marina Bay Sands, has been listed.
Around $3.3 million is being sought for <a href="https://www.realestate.com.au/property-apartment-qld-surfers+paradise-125033554" target="_blank">his penthouse</a> in the Mantra Chevron Renaissance Towers.
Offering views of the city skyline, ocean and hinterland, the three-bedroom apartment comes with an 80 square metre living room, three bathrooms and three balconies.
There is a heated rooftop plunge pool.
Each of the three bedrooms has an ensuite, the master with a bath enjoying the ocean views.
Kerry-Jayne Broad of Queensland Sotheby’s International has the trophy home offering.
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Surfers Paradise penthouse listed for $3.3 million plus

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A Canadian fund manager has snapped up a 236 sqm Bondi Beach apartment with a 80 sqm terrace for $8.3 million.
It was the last penthouse at the Bondi Pacific.
The penthouse or "lighthouse" apartment, unit 504 at 180-186 Campbell Street, Bondi Beach, is only a shell.
It is understood more than $2 million in fitouts will be needed by the buyer to complete it.
The 504 apartment was once part of the combined pad that Multiplex scion Andrew Roberts had planned on buying in 2014 for $21 million until he changed his mind.
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