<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Queensland apartments

Strong population growth, a fast-growing economy and more than $20 billion in infrastructure and investment ahead of the 2032 Olympic Games will continue to drive the Gold Coast property market over the next decade, according to a new report by Colliers.

With vacancies in both the commercial and residential property sectors at new lows, Colliers&rsquo; latest Gold Coast Market Overview forecasts the city will continue outperforming the rest of the country, becoming&nbsp;the epicentre of the post-COVID recovery for investors and national developers.

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[smartcode_project:default project_id=107520 project_image_fid=183047]

The Colliers report says confidence in the market is supported by the Gold Coast Metro residential vacancy rate which has halved to 0.4 per cent over the past year and is now well below Sydney Metro (1.6 per cent) and Brisbane Metro (0.7 per cent).

However, the report warns that rising costs could stall future residential developments, which could further fuel the supply and demand imbalance already impacting the market.

&ldquo;Despite the headwinds facing the residential sector nationally, the forward-looking fundamentals of the Gold Coast market are as robust as we have seen at any other time in the past two years,&rdquo; said Colliers Director, Steven King.&nbsp;

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[smartcode_project:default project_id=108640 project_image_fid=186593]

&ldquo;The city&rsquo;s expected population growth over the next decade will continue to drive demand for housing at a time when supply remains very tight and vacancy rates are at record lows.&rdquo;

The Colliers report reveals that the Gold Coast is on track to grow its population by 145,000 to almost 800,000 by 2032 as the region plays host the Olympic Games.

That&nbsp;means the Gold Coast will need to accommodate an average of 14,500 additional residents every year until the Games.

&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184934]

With the median price of homes on the Gold Coast at $940,000, the demand shift to apartments will increasingly fill the gap of affordability for new residents, the report finds.

The Gold Coast&rsquo;s economic dynamo is expected to drive the population and property boom over the next decade with the city&rsquo;s economic growth rate currently outpacing those of Melbourne, Sydney and Brisbane, with the Gold Coast economy doubling&nbsp;over the past 10 years to $39.24 billion, accounting&nbsp;for more than 10 per cent of the Queensland economy.

The economy is forecast to grow by 5.6 per cent in 2022, driven by a broad-based recovery of the tourism sector and significant expansion of the healthcare sector which has been the fastest-growing sector of the Gold Coast economy over the past five years.

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[smartcode_project:default project_id=107928 project_image_fid=180734]

The Gold Coast has added 15,600 jobs in the 12 months to the end of March, bringing the city&rsquo;s workforce to 302,397 &ndash; or almost half its resident population of more than 643,000.

The Colliers report has highlighted $20.9 billion in public and private infrastructure spending as the catalyst for sustained growth from projects such as the Southport CBD rejuvenation ($5 billion), Gold Coast Health and Knowledge Precinct investment ($5 billion), Olympic rail infrastructure upgrade ($2.2 billion) and the stage three extension of the Gold Coast light rail ($1 billion).

&ldquo;The improved regional transport infrastructure will positively impact the scale and investment profile of the local property market, attracting capital from institutional investors,&rdquo; said King.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=189933]

&ldquo;More jobs, more people, a bigger economy, improved infrastructure and higher demand from businesses will be the key drivers of growth. Infrastructure spending for the Olympics will play a significant role in this growth, but even without this in the mix, the Gold Coast is still the best placed market for growth in Australia in the near term.&rdquo;

The Colliers report finds that lifestyle buyers continue to flock to the Gold Coast post pandemic, inspired by the &lsquo;work from home&rsquo; phenomenon.

&ldquo;Rising interest rates will have some effect on residential demand, and we&rsquo;re seeing that in Sydney and Melbourne,&rdquo; said King.

&ldquo;However, despite the gains we&rsquo;ve seen on the Gold Coast in the past two years, property affordability remains compelling to interstate buyers who are also attracted by a city that is firing on all cylinders.&rdquo;

With vacancies in both the commercial and residential property sectors at new lows, Colliers’ latest Gold Coast Market Overview forecasts the city will continue outperforming the rest of the country



alisonwarters@gmail.com

$20 billion infrastructure boom to keep the Gold Coast property market firing: Colliers

The continually successful Mosaic Property Group are approaching a sell-out of their latest Gold Coast apartment project.

Just two apartments remain in the boutique Kirra block Luca, derived from the Latin name Lucas,&nbsp;meaning&nbsp;&ldquo;bringer of light&rdquo;. The three-bedroom apartments are priced from $1.64 million.

Over 90 per cent sold to Mosaic&#39;s VIP waitlist within a month. Around a quarter were repeat Mosaic purchasers, and over half were local owner-occupiers residing in the immediate area. All up over 80 per cent of the apartments sold to local owner-occupiers, a popular trend in Mosaic-developed buildings.

Mosaic Property Founder and&nbsp;Managing Director Brook Monahan says Kirra is a perfect little beach haven that offers residents the peace and tranquillity of a coastal town with the convenience of major city infrastructure.

&quot;It is ideally positioned for easy access to major centres given its proximity to the M1 Motorway via the Tugun Bypass and Gold Coast Highway, while its&nbsp;proximity to the Gold Coast International Airport also makes it attractive location for residents and visitors alike, given direct links to many overseas destinations and numerous daily flights to major Australian cities,&quot; Monahan says.

[smartcode_project:default project_id=111772 project_image_fid=199439]

&quot;Of course there&#39;s also&nbsp;World Heritage Listed National Parks and Byron Bay with its highly coveted natural appeal are also a short drive over the border into northern New South Wales.&quot;

Monahan also noted Kirra&#39;s attraction from&nbsp;an investment standpoint.

Data from PriceFinder showed&nbsp;houses sold during 2021 commanded an 81 per cent, or $693,000 premium above the wider Gold Coast.

[smartcode_project:default project_id=111772 project_image_fid=199442]

&quot;Low residential vacancy rates further underscore the appeal of the area and the comparatively limited amount of housing available to satisfy demand, Monahan added.

The current rental vacancy rate of 0.5% according to RTA, which is so low it can be considered as full occupancy.

On the name Luca, Monahan says they thought the name was apt for the collection of beautiful homes which were designed to maximise the benefits of being located in one of the most spectacular spots on the Coast.

&quot;Residences are spacious and highly considered with elevated ceilings, full-height glazing, and impeccable quality finishes,&quot; Monahan says.

[smartcode_project:default project_id=111772 project_image_fid=199438]

&quot;They have been designed to maximise ocean outlooks, with generous balconies that make the most of the idyllic subtropical living.

As part of Mosaic&rsquo;s ongoing commitment to sustainability, Luca will pursue a UDIA 6 leaf Envirodevelopment certification, with a range of initiatives set to be implemented to ensure a collection of homes that are not only visually appealing but also designed to be friendlier to the environment.

Designed by Gatehouse Architects, Luca will feature a level one recreation area which will include&nbsp;a resort-style pool, sauna, and outdoor kitchen, complete with barbecue facilities and dining areas.

Luca is Mosaic&#39;s second Coolangatta project, following the successful Elan by Mosaic, which sold out in 2019.

[smartcode_project_cta: project_id=111772]

Luca is Mosaic's second Coolangatta project, following the successful Elan by Mosaic, which sold out in 2019

Mosaic approach sell-out of Kirra apartment project, Luca

<h2>EXPERT OBSERVER</h2>

The SEQ story is a very strong one.

The region should remain resilient to higher interest rates because of its relative affordability, high population growth, constrained supply, accelerating interstate and overseas migration, rising rents and low vacancy rates, and the Olympic program.

<h2>1. A Booming Population</h2>

With a population of around 3.8&nbsp;million, the SEQ region is set to grow by another 1.65&nbsp;million by 2041.

Brisbane, Gold Coast and the Sunshine Coast account for 70% of net interstate migration to Queensland which is&nbsp;currently at a 15 year high and far exceeds every other state in Australia.

<img alt="" height="936" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.51.03_pm.png" width="1334" /> 
East coast capital city net interstate migration. Source: ABS

<h2>2. Significant Infrastructure Investment</h2>

The total infrastructure pipeline for Brisbane, Gold Coast and Sunshine Coast is currently $75+ billion&nbsp;&ndash; the greatest concentrated infrastructure boom SEQ has experienced.

[smartcode_project:default project_id=112349 project_image_fid=199469]

The recently finalised SEQ &ldquo;City Deal&rdquo; is the largest in the nation and is estimated to be worth $58 billion to the local economy. Furthermore, confirmation that Brisbane will host the 2032 Olympics will sure up and boost this pipeline substantially.

<h2>3. Strong Base Fundamentals</h2>

Economic and employment growth, relative affordability, low vacancy rates, superior rental yields and declining supply validate the SEQ investment story.

<img alt="" height="764" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.48.40_pm.png" width="1338" /> 
South east Queensland economic growth. Source: ID Community

<img alt="" height="834" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.51.54_pm.png" width="1286" /> 
&nbsp;

South east Queensland employment growth. Source: ID Community

In Brisbane, it will take 6.2 times the average wage to pay off a dwelling. Comparatively in Melbourne and Sydney, it will take 8.3 and 9.5 times the average wage respectively (source: ANZ)

<img alt="" height="788" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.53.56_pm.png" width="1300" /> 
Average dwelling price to income ratio. Source: ANZ

<h2>4. An Impeding Product Under-Supply</h2>

Rental vacancy rates are one of the best lead indicators of the underlying demand/supply balance in residential property markets.&nbsp;Vacancy rates across SEQ have been progressively declining since 2016, and now sit at all-time lows.

They have remained consistently below those in Melbourne and Sydney for a number of years. At 0.6%, the current vacancy rate across SEQ represents an extremely tight and undersupplied rental market.

[smartcode_project:default project_id=112349 project_image_fid=199468]

As a consequence of such consistently and comparatively low levels of vacancy, yearly rental growth across SEQ has been considerably stronger than that which has been experienced in Melbourne and Sydney.

Furthermore, this growth has ensured sustained SEQ rental yields of 5%, significantly higher than those being achieved in Sydney and Melbourne which both sit at near-record lows of 3.7%.

[smartcode_project:default project_id=112349 project_image_fid=199473]

Based on historical demand and likely anticipated supply,&nbsp;SEQ will experience a shortfall of more than 16,500 new apartments over the next four years.

<img alt="" height="914" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.58.07_pm.png" width="1304" /> 
&nbsp;

SEQ potential apartment settlements. Source: CoreLogic, JLL, Place Advisory, PriceFinder.

<h2>5. Strongest Performing Market this Cycle</h2>

The last true SEQ growth cycle occurred between 2001 and 2004. During this period, the region outperformed the southern capitals just as it had during previous peak growth phases.

History shows that in the context of market cycles a period of&nbsp;SEQ outperformance is well overdue and that the current growth cycle likely has much further to run (see diagram below).

<img alt="" height="632" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-20_at_3.59.36_pm.png" width="1450" /> 
SEQ yearly increase in average house price. Source: Pricefinder

Michael Zaghini is the Head of Research at Mosaic Property Group

South East Queensland boasts a powerful combination of having a thriving world-class capital city, an enviable lifestyle, stunning beaches, record infrastructure investment, strong employment growth, and a high level of housing affordability

Five reasons SEQ property will continue to outperform other regions: Mosaic Property

For their debut Gold Coast apartment project, the prominent Brisbane developer, Siera Group, wanted to pay homage to Chevron Island's emerging arts and cultural precinct.

Their development, Tapestry, inspired by HOTA and designed to be a ‘home amongst the art’, will feature an instillation created by a local artist, to pay respects to the Gold Coast’s emerging arts and cultural precinct.

The works, which hang proudly in the onsite Darrambal Street display suite, have been created by the internationally recognised, Burleigh Heads artist Tania Blanchard, who is well known for her impasto style.

[smartcode_project:default project_id=108641 project_image_fid=199340]

Blanchard says&nbsp;her instillation for Tapestry represents Chevron’s growing art culture and great sense of local community.

“An authentic Tapestry symbolises the connection of a community moving through life, almost like a river flowing into the ocean,” Blanchard said.

“The ideology behind my artwork draws on this sense of individuals coming together to form a community, which in this case, are the Tapestry residents.

[smartcode_project:default project_id=108641 project_image_fid=192961]

“Each resident at Tapestry can imagine themselves as one of those paint strokes in the painting. As an individual they’re all unique, but when they come together it makes a beautiful piece of art,” Blanchard added.

When the project is complete, the art will hang in the lobby entry to the 22-level tower just a stones throw from Surfers Paradise.

Tapestry on Chevron is the first development on the Gold Coast to employ such a commitment to capturing the neighbourhood's artistic flair.

[smartcode_project:default project_id=108641 project_image_fid=192972]

Siera Group founder, Brent Thompson says part of his vision was to collaborate with a talented local artist, who could use their artistic talent to create a story for Tapestry that would make future residents feel a part of the project all whilst paying respect to the work being done at the neighbouring HOTA.

“Something that was really important to us when creating Tapestry, was paying tribute to what the city of Gold Coast has done with HOTA and the emerging arts precinct,” Thompson said.

“We believe Tania’s artwork will very much link HOTA and the emerging cultural precinct as well as the vibrant and tight-knit community that can be seen and felt throughout the high street.

[smartcode_project:default project_id=108641 project_image_fid=192960]

“We engaged Tania to create this unique piece of art that provides a visual representation of the interwoven connection between community, river, hinterland, and beach.

“Tania has her own distinctive signature style that we felt best captured our vision for the project and, when hung in the lobby, would add to the sense of place for our future residents who call Tapestry home.”

Tania has created and developed her own signature style, which from a distance looks like a minimalistic, impressionistic scene. However, with closer inspection an immense layering of coloured impasto can be seen.

[smartcode_project_cta: project_id=108641]

Brisbane based Siera Group has appointed a Gold Coast artist to encapsulate the city’s vibrant culture and arts scene through displaying a commissioned piece of artwork in the lobby of their latest development, Tapestry.



How Siera Group are paying homage to the Gold Coast's art scene with Tapestry, Chevron Island apartments

Owner-occupiers have flocked to Ventura Residences, the new Mermaid Beach development by the longstanding Gold Coast apartment development family, Niecon Developments.

All of the two-bedroom apartments in the Ventura Road development of 47 apartments have already sold, with only a few three-bedroom apartments left.

[smartcode_project:default project_id=108737 project_image_fid=199485]

The project&#39;s unique offering of a three-bedroom apartment is a rarity for&nbsp;Mermaid Beach,&nbsp;with each residence&nbsp;complete with two-bathrooms and one or two car spaces.&nbsp;

Ventura Residences&#39; is also home to a limited collection of two bespoke, architecturally refined Beachside Villa Residences, with just two park-fronting villas remaining.&nbsp;

The private and exclusive house-sized, multi-storey villas enjoy all the amenities of apartment living.

Both villas benefit from an internal passenger elevator,&nbsp;a gourmet kitchen with upgraded Obsidian black glass wall-mounted Miele appliances,&nbsp;butler&rsquo;s pantry;,open-plan living, dining and entertainer&rsquo;s patio,&nbsp;oversized master bedroom suite with walk-in robes, abundant storage and a separate guest retreat.

[smartcode_project:default project_id=108737 project_image_fid=199489]

Villa One is an expansive two-storey, four-bedroom Villa with direct Mermaid Park pedestrian access through a private security gate and a double-car garage on the title with remote entry and direct access into the Villa.

Villa Two, set three-storeys, has three-bedrooms, each of them ensuited, and a private rooftop terrace with Southern Gold Coast and Ocean views; the Villas also features a large open study in addition to direct access to the level five&nbsp;amenities through a secure gate.

Ventura Residences will also home a suite of residential amenity,&nbsp;including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, al fresco dining area, Zen garden and functional gymnasium&nbsp;located on level five.

With the project scheduled for completion in May next year, Niecon Developments is currently preparing to announce further projects across the city.

[smartcode_project:default project_id=108737 project_image_fid=199479]

The group has a suite of completed and upcoming projects to the tune of $2.08&nbsp;billion.

In addition to The Oracle, a development that led the renaissance of Broadbeach, the company is also behind the award-winning Aruba Beach Resort at Broadbeach, Aqua on Broadwater at Labrador, Reflection on the Sea at Coolangatta and Nirvana by the Sea at Kirra.

[smartcode_project_cta: project_id=108737]

The project's unique offering of a three-bedroom apartment is a rarity for Mermaid Beach, with each residence complete with two-bathrooms and one or two car spaces. 



Owner-occupiers snap up apartments in Niecon's Mermaid Beach apartment development, Ventura Residences

Queensland locals, Niecon Developments, who&rsquo;ve played a part in reshaping the Gold Coast skyline over the past four decades, is gearing up for a new era of growth with a pipeline of projects worth almost $300 million.

The company, founded by the Nikiforides family, is behind some of the Gold Coast&rsquo;s most prominent developments, including the $850 million The Oracle and Niecon Plaza at Broadbeach.

Now led by the third generation of the Nikiforides family - William, John and James &ndash; Niecon is preparing for what the brothers say is a golden age for Australia&rsquo;s lifestyle capital as the South-East Queensland region counts down to the 2032 Olympics.

[smartcode_project:default project_id=108737 project_image_fid=192202]

Niecon Managing Director, William Nikiforides, said the company&rsquo;s vision is aligned with the significant transformation for the Gold Coast the next decade will bring, led by the infrastructure boom planned for the Games.

&ldquo;The Gold Coast is a city that embraces change and that has been a constant for as long as we can remember,&rdquo; Nikiforides said.

&ldquo;But as we continue to grow, we need to ensure that the Gold Coast remains a strong and welcoming community and a place where people love to live.

&ldquo;The next decade is likely to be the most significant in the Gold Coast&rsquo;s history and one that will shape the city&rsquo;s future for decades to come.&rdquo;

Amid the current Gold Coast development boom, the group has taken a considered approach to new projects, that they believe will make a positive contribution to the city&rsquo;s urban and social fabric.

[smartcode_project:default project_id=108737 project_image_fid=192203]

The latest is Ventura Residences at Mermaid Beach, a boutique development of 47 premium residences, including two double-storey park-facing villas.

Owner-occupiers have been the most interest on the development so far. They&#39;ve been keen on the&nbsp;exclusive residential amenity, including the recreational terrace and lounge, suspended waterfall edge pool and sun deck, alfresco dining area, Zen garden and gym.

With the project scheduled for completion in May next year, Niecon is currently preparing to announce further projects across the city.

&ldquo;As a family company, we stand proud on our record of creating architectural gems that have become Gold Coast landmarks, and my brothers and I are looking forward to continuing the tradition that began with our grandfather and father,&rdquo; Nikiforides added.

&ldquo;Together we&rsquo;ve grown up in the industry and learned from some of the best, and it&rsquo;s our passion to build on their legacy.

[smartcode_project:default project_id=108737 project_image_fid=192210]

&ldquo;We have never been here for the one and done. We are here for the long term and, to truly be part of something bigger, we believe there is more to this industry than just delivering quality projects. Our mission is to create life spaces that bring a community together.&rdquo;

The Nikiforides Group was founded in Canberra in 1969 by Bill Nikiforides, before expanding to Sydney and later along Australia&rsquo;s eastern seaboard. The family-owned company moved to the Gold Coast in 1978 and quickly established a reputation for quality and innovation across its developments in Queensland&rsquo;s south-east.

The group&rsquo;s flagship property development company, Niecon Developments, which was founded by his son Con Nikiforides and jointly run by the father and son team, won numerous industry awards for construction, design and engineering excellence and continues to be at the forefront of developing the ultimate life spaces.

[smartcode_project:default project_id=108737 project_image_fid=192205]

In addition to The Oracle, a development that led the renaissance of Broadbeach, the company is also behind the award-winning Aruba Beach Resort at Broadbeach, Aqua on Broadwater at Labrador, Reflection on the Sea at Coolangatta and Nirvana by the Sea at Kirra.

The new generation of Nikiforides, who are born-and-bred Gold Coasters, bring an extensive range of skills to Niecon Developments as the company prepares to deliver an extensive profile of commercial and residential projects in coming years.

&ldquo;We&rsquo;re on the cusp of a new golden era for the Gold Coast that we believe needs to be managed thoughtfully,&rdquo; Nikiforides added.

&ldquo;At Niecon, this always starts with community, family and a deep level of consideration and connection to people and place. As a developer, we endeavour to go beyond architectural form and function and that&rsquo;s what will continue to drive us into the future.&rdquo;

[smartcode_project_cta: project_id=108737]

The company, founded by the Nikiforides family, is behind some of the Gold Coast’s most prominent developments, including the $850 million The Oracle and Niecon Plaza at Broadbeach.



Niecon Developments stack up $300 million Gold Coast apartment development pipeline

The Whitsunday Lakes Trust, $350 million Shute Harbour development has been inundated with enquires, amassing a whopping 520 expressions of interest in just four weeks following its national launch to market.

As the Whitsunday&rsquo;s first major resort development in over a decade, the stage one release has been met by a swarm of interested buyers, eager to put their name to one of the 58 land and berth packages in one of the most sought-after sailing locations across the world.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="768" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/final_terrace_house_render_v3.jpg" width="1200" /></a> 
Render of the proposed Shute Harbour Marine precinct development in the Whitsundays Lakes Estate. Image supplied.

Rob Taylor of Taylors Property Group said the latest wave of interest has come off the back of the Sanctuary Cove Boat show which accounted for 10 per cent of the enquiries to date, with the vast majority coming from boating enthusiasts who recognised the value of large-scale berths in the Whitsundays region.

&ldquo;The immediate market response to the resort has been incredible. We knew we had something special on our hands here, but we have been simply inundated with genuine interest &ndash; it&rsquo;s been a whirlwind,&rdquo; said Taylor.

&ldquo;We&rsquo;re already in the process of converting many of these enquiries into contracts for our future Shute Harbour Marina Resort residents.

&ldquo;Many of these buyers have been long awaiting a marina project of this calibre to arrive in the area. Large scale berths are difficult to secure along the coast right now &ndash; all nearby marinas are close to capacity for the forthcoming season.&rdquo;

Once complete, the Shute Harbour Marina Resort will encompass a 395-berth marina with individual berths ranging from 10-metres to 30-metres on a 99-year lease, in addition to private berths ranging from 25-metres to 45-metres.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="706" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/v1-4_0.jpg" width="1200" /></a> 
Render of the proposed Shute Harbour development in the Whitsundays Lakes Estate. Image supplied.

The project will also deliver a 100-plus room hotel resort, with function and meeting rooms, bars, restaurants, a swimming pool, and undercover parking, along with 58 freehold land allotments, and 100 managed apartments with resort club facilities.

The free-hold residential waterfront sites cover 440 sqm and are earmarked for two- and three-storey design concepts.

According to Taylor, the enquiries have come from a broad demographic of parties, including veteran boating enthusiast, first-time boat owners, and future retirees.

&ldquo;We&rsquo;re seeing the project timeline align with those buyers looking to lay the foundations for future plans two to three years down the line &ndash; whether that&rsquo;s retirement, or the eventual purchase of a larger boat,&rdquo; he said.

The land and berth packages have arrived to a market limited in supply for waterfront lots. With just 28 vacant residential waterfront lots currently available in the area, almost half of these are not located within or close to a marina development.

<a href="/developments/cannonvale-qld-4802"><img alt="" height="674" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/waterfront_homes_interior.jpg" width="1200" /></a> 
Render of a proposed waterfront home interior. Image supplied.&nbsp;

&ldquo;Although the property market in the Whitsundays has increased about 20 per cent over the past 12 months, units are still about 25 per cent below their 2007 peak and land is only just matching the levels of 15 years ago,&rdquo; added Taylor.

Development of the first stage of Shute Harbour Marina Resort, which will include the marina and the stage-one release of land and marina berths, is expected to take two years to complete with construction targeted to commence in 12 months.

Expressions of interest are also being taken on future stages which will include marina loft apartments and plaza terrace homes.

[smartcode_project_cta: project_id=28292]

The first Whitsunday’s development in over a decade, Shute Harbour inundated with inquiries following launch to market

Has the demand for huge apartments weakened on the Gold Coast?

The latest development application by the national development firm Gallery Group suggests so.

They took their Chalk, Surf Parade apartment development to the market earlier this year, offering huge apartments starting at nearly 250 sqm. There were 99 apartments being offered in the 35-level&nbsp;tower.

<a href="/new-apartments/203-surf-parade-surfers-paradise-qld-4217"><img alt="" height="1190" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-06-14_at_11.35.22_am.png" width="1176" /></a> 
The new designs by Raunik Design. Image credit: Raunik Design

But now new plans has seen Gallery Group change the mix, and lob off 15 levels to the Surfers Paradise project. Raunik Design has made the amends to the tower, which will now be just 20 levels, and offer 71 apartments, a mix of two and three-bedroom product.

And that is now weighted heavily toward the two-bedroom apartments. There will now be 65 two-bedders and just six three-bedroom apartments, which will be spread across the top two levels.

[smartcode_project:default project_id=108363 project_image_fid=192288]

The move to greater space in apartments has been one of the by-products of the global pandemic, driven by a rise in owner-occupiers flocking to the Gold Coast&rsquo;s best locations as the working-from-home movement continues.

There&#39;s still residential amenity in the shape of a swimming pool and gym on level two, as well as a rooftop with barbecues and alfresco areas.

Back in March when the old plans for Chalk were given the green light by the Gold Coast City Council, Gallery Group Chief Executive Adam Barclay said the apartments needed to reach beyond the current offerings in the Gold Coast market, focussing&nbsp;on creating larger apartments with well-designed internal layouts connecting seamlessly to spacious outdoor areas.

[smartcode_project:default project_id=108363 project_image_fid=192287]

&ldquo;The result is a building that achieves new heights in terms of internal finishes, maximising view corridors and providing high quality recreational space in different parts of the building,&rdquo; he said.

Gallery Group has&nbsp;offices in Melbourne, Sydney, Brisbane and the Gold Coast and has&nbsp;sold over 2000 residences since their inception in 2011, with $1.7 billion in works already completed.

[smartcode_project_cta: project_id=108363]

The plans for Chalk have been reworked and finessed across the planning period, with a 21-level, 71 apartment tower now proposed.

Gallery Group drop size and scale of Chalk, Surfers Paradise apartments

Following the successful stage one launch of its $800 million Broadbeach dual tower mega-development, Victoria &amp; Albert Broadbeach, developer Iris Capital has released the second and final collection of apartments in its mixed-use development.

Spurred by strong sales in the project&rsquo;s preliminary release of apartments in its Victoria tower, Iris&nbsp;has fast-tracked the launch of its sister-tower, Albert Residences, to meet growing demand for apartments on the Gold Coast.&nbsp;

[smartcode_project:default project_id=107928 project_image_fid=184935]

Albert Residences will feature 121 oversized apartments with its own private amenity, separate from the Victoria offering,&nbsp;including a 25-metre heated lap pool, spa, lounge, wine cellar, gym, zen garden, steam and sauna rooms, fire pit and yoga studio, all across the level four floorplate. &nbsp;

The entire level 40 rooftop enjoys private dining space and a chef&rsquo;s kitchen, along with indoor and outdoor barbecue areas, an extensive sky lounge, cellar, cards room, library, as well as multiple indoor and outdoor entertaining areas.

[smartcode_project:default project_id=107928 project_image_fid=198887]

While the neighbouring Victoria Residences were designed primarily to cater to a lifestyle residence market, Albert is dedicated exclusively for the owner-occupier to gain a foothold in the rapidly transforming cosmopolitan heart of the Gold Coast.

Interstate buyers have led the charge on the V&amp;A apartments to date, however Residential director of Colliers Gold Coast, David Higgins said they were anticipating an influx of local interest in the owner-occupier collection in the newly released Albert Residences.

&ldquo;Strong enquiry and sales have been driven predominantly by end-users and lock and leave buyers out of NSW and Victoria, attracted to the prime location and world class amenity on offer,&rdquo; he said.

[smartcode_project:default project_id=107928 project_image_fid=198886]

&ldquo;Given the severe lack of new apartment product across the Gold Coast, we anticipate Albert will be met with fierce interest by local buyers who recognise the value and scarcity of quality apartment stock at the moment.&rdquo;

Albert will comprise a mix of two and three-bedroom apartments, along with upper residences available in three-bedroom-plus-MPR and four-bedroom configurations.

&ldquo;The strength of V&amp;A&rsquo;s launch is a testament to the development&rsquo;s ability to complement the lifestyle and convenience of its location in the heart of Gold Coast&rsquo;s cosmopolitan centre, and the enduring strength of the Gold Coast market,&rdquo; said Higgins.

[smartcode_project:default project_id=107928 project_image_fid=198888]

The dual tower mega-development will deliver two individually crafted towers across 56-storeys in Victoria and 40-storeys in Albert, in addition to an activated ground-plane with high-end retail, dining, and commercial office space.

[smartcode_project_cta: project_id=107928]

Iris has fast-tracked the launch of its sister-tower, Albert Residences, to meet growing demand for apartments on the Gold Coast


Iris Capital launch second tower in V&A Broadbeach, with critical timing to a growing stock shortage 

The latest Queens Wharf Tower is taking Queensland’s sales records to new heights, with over 90 per cent of the apartments already sold after launching just four weeks ago.

Since mid-2020, when Far East Consortium’s, Queen's Wharf Residences apartments flew off the shelves, prospective buyers in the $3.6 billion Queen's Wharf precinct on the Brisbane River have been awaiting another opportunity.

[smartcode_project:default project_id=13276 project_image_fid=80720]

The fifth and tallest tower in the Queens Wharf devel​opment has been as equally successful as its predecessor, securing in sales with 778 of the 819 apartments&nbsp;since launch.

Managing Director YPM Group, Bryce O’Connor recently noted the success as a sales outcome not reached previously by any building of this scale in Queensland with over 9000 enquires, 1100 appointments and more than $820 million in sales.

The 71-level tower, which will soar 250 metres in to the sky, making it the sixth highest tower in the Queensland capital, will home 819 one, two and three-bedroom apartments, as well as a handful of exclusive penthouses upon completion.

[smartcode_project:default project_id=13276 project_image_fid=80722]

The tower is in its final release stage, offering three-bedroom Diamond Residences, which were brought forward by the group due to the overwhelming demand.

Occupying levels 49 through to 70, the Diamond Residences are amongst the most exclusive residences within Queen’s Wharf, benefiting from bespoke finishes, luxury appliances, and unrivalled views.

Gaggenau appliances, natural stone benchtops and feature 2Pac joinery are all standard in the residences, complemented by versatile outdoor living spaces, featuring lift and tilt windows to extend the expansive alfresco areas.

[smartcode_project:default project_id=13276 project_image_fid=80732]

Sitting on the corner of Margaret and William Street, apartments in Queen's Wharf Tower are designed by&nbsp;<a href="/architects/cottee-parker-architects" target="_blank">Cottee Parker</a>, taking advantage of city, Botanic Gardens, or river views.

[smartcode_project_cta: project_id=13276]

The fifth and tallest tower in the Queens Wharf development has hit the ground running, surging in sales with 778 of the 819 apartments snapped up since launching.



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