Investor appetite for Queenstown apartments is strengthening as supply constraints and four-season tourism continue to underpin demand across the alpine region.

In Frankton’s masterplanned Remarkables Park precinct,&nbsp;<a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s 141-apartment Mountain Oak development is attracting repeat and yield-focused buyers seeking exposure to that market dynamic.

Brandon, who specifically targeted Queenstown as an investment location, said the combination of price point and limited new supply made Mountain Oak stand out.

“It is a quality product in a location that struggles to densify,” he said, referencing Queenstown’s land-locked geography and development limitations.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Having spent significant time in the region, Brandon pointed to its global reputation and consistent visitation as key fundamentals.

“Queenstown is a known destination from people all over the world. The place is land locked and there are issues building there. It’s also busy all year round.”

That four-season economy, driven by skiing and snowboarding in winter and hiking, cycling and water-based tourism in summer, was also central to Sherry’s decision to invest.

“I believe the four-season tourism has major appeal as it would ensure that the property will not remain empty, unlike other areas in NZ,” she said.

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/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/313_Living_WEB.jpg?VersionId=3LglY20Jp_MAzQYdvwODRWvtjL.cZcqI" />

Mountain Oak has been structured to respond to that sustained demand, with 365-day visitor accommodation consent underpinning a mix of one-bedroom, flexi, two-bedroom and dual-key configurations that can operate as either short-term visitor accommodation or long-term rental housing. Dual-key apartments comprise two self-contained residences on one title, allowing owners to generate dual income streams or occupy one side while leasing the other.&nbsp;

Under Safari Group’s optional visitor accommodation management model, owners receive 60 per cent of the annual income generated by their apartment, with 24/7 on-site management, guest services and listing exposure included. Independent appraisal modelling suggests gross yields of up to 15 per cent for certain two-bedroom configurations, based on estimated nightly rates and occupancy assumptions.

For Brandon, that flexibility aligned with his broader investment strategy.

“It helps to know that I can have it managed either way,” he said. “My focus is on purchasing high yield cashflow properties.”

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="c786ba7f-f974-4ce3-9833-1bcd9f2938d6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_ae3c049f388f4c13bf801649d91cbb4a~mv2%20%281%29.jpg?VersionId=J25uvzGdvtFaXGzuwz28ewJ9wWzbtvur" />

He selected a one-bedroom flexi configuration, citing both yield and adaptability.

“I work remotely and can travel to most places and work. I enjoy making spaces that work for the lifestyle that I live and it seems that others also enjoy it.”

Ranging from 54 to 57 square metres, the one-bedroom flexi incorporates a separate multipurpose room suited to a home office, additional storage, or accommodation for ski gear and seasonal equipment, an increasingly relevant inclusion for buyers balancing remote work and alpine travel.

Interiors feature underfloor heating in bathrooms and a heat pump in the main living area, supporting year-round comfort. Upper-level apartments are positioned to maximise natural light, with sliding windows and balustrades in select residences enhancing outlook and ventilation. Units are available in both light and dark interior schemes.

<img alt="Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand" data-entity-type="file" data-entity-uuid="8f9492e9-8ee0-4aae-856c-8996ed9d9a06" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_7d066f5200024c1aa472d01e2dc776ed~mv2.jpg?VersionId=MLR5xn6fLqPdBi7vxyRT.1zhQX3Ln0Ev" />

Sherry, a repeat Safari Group buyer, said her previous experience with the developer provided confidence to secure another apartment.

“Their developments have always finished on time, the quality has been high, and I didn't feel that my investment may be at risk,” she said. “Knowledge of the developer and our two existing Safari apartments gave us the confidence to proceed with this one.”

Safari Group has delivered more than 2,000 hotel units and residential apartments nationally and is now undertaking its fifth Queenstown development, reinforcing buyer confidence in delivery capability.

Although Sherry was not initially targeting Queenstown due to its price profile, prior visits reshaped her view of the market.

“I absolutely love this region and believe it is a major tourist attraction, which led me to the decision to invest.”

<img alt="How Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Construction commenced in June 2025, with completion anticipated by mid-2027. Apartments are priced from NZ$639,000, and the development carries Overseas Investment Office exemption approval, allowing non-residents to purchase.

For both investors, the purchase represents a balance of income generation and long-term portfolio positioning in a tightly held alpine market.

“I firmly believe my investments in Safari developments are a combination of all these elements,” Sherry said. “The location of this project enabled me to diversify.”

As Queenstown continues to attract year-round visitation alongside constrained housing supply, Mountain Oak’s dual-key flexibility, optional on-site management structure and established developer track record are resonating with investors seeking exposure to the region’s resilient tourism economy.

Joel Robinson

Investors back Safari Group’s Mountain Oak Apartments as Queenstown’s four-season economy drives demand

The Minns Labor Government is today unveiling a game-changing new precinct at Bays West – delivering up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes - directly above the new Bays West Metro Station currently under construction.

The landmark transformation will convert underutilised government-owned port land on the Harbour into Sydney’s newest suburb, while retaining important deep-water port 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.

<img alt="Bays West" data-entity-type="file" data-entity-uuid="c5f01d10-0b6b-49de-8033-d3ef2728cb6d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.12%E2%80%AFPM.png?VersionId=UA6_r._1jYROJ5tFNXMHqjNYLKYWIN.Y" />

Affordable housing will be embedded from the outset, including dedicated homes for essential workers such as nurses, teachers, paramedics, firefighters and police so they can live closer to the communities they serve.

The precinct will combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years.

Night-time entertainment and creative industries will be anchored by the revitalisation of the historic White Bay Power Station as a cultural and community destination, connected to the harbour across a new expansive public forecourt.

Planning of the area will prioritise connectivity, including active transport links to neighbouring communities such as Rozelle, Balmain and Glebe, improved pedestrian access to the waterfront, and connections to the CBD, including an active transport link across the Glebe Island Bridge.

The Government will lead a master planning process that will include an international design competition to guide development across the precinct, ensuring homes, essential infrastructure, jobs, public spaces and transport links are delivered together.

It will be led by a new delivery agency to be established over the coming weeks, which will report to Minister Kamper who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo. Once established, the publicly owned land in the precinct will be transferred to the new agency.

This is the first new suburb that has been built in inner Sydney in decades, it will see homes built alongside the Bays West Metro Station ensuring young people, families and downsizers are only minutes away from the CBD. As part of the transformation of the Bays West precinct, bulk port operations – including cement, gypsum and sugar handling – will cease on Glebe Island by no later than 2030.

<img alt="Glebe" data-entity-type="file" data-entity-uuid="46ef3c23-2ce1-4912-b8ba-5247de19d7b9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.02.15%E2%80%AFPM.png?VersionId=I5xKa7hLNlsueMsltA2dsYrRYtZCKvZz" />

The Government will work closely with industry to minimise impacts and ensure the continuity of supply. This includes a commitment of $270 million to improve road connections around the port at Port Kembla and to investigate increased rail freight capacity.

Working harbour operations across the precinct will be consolidated, mostly into White Bay, ensuring the precinct will continue to provide critical services for the harbour, including boat maintenance and marine construction and as a base for tug boats and for emergency services.

A new staging area will be established in White Bay, securing the future of the New Year’s Eve fireworks, Vivid and other major events for decades to come.

<img alt="Glebe island" data-entity-type="file" data-entity-uuid="0554b153-b225-445b-a633-75aecea7dec9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-03-04%20at%204.06.17%E2%80%AFPM.png?VersionId=P45ABy8KLuwjzVf04APWfeC4aOMA1Ngx" />

The cruise terminal will be retained in its current location, meaning tourists arriving in Sydney will be welcomed by the new precinct, with new shore-power facilities currently being installed that will reduce noise and emissions. The Sydney Heritage Fleet will also be offered new premises in White Bay.

Deep-water berths will be retained to preserve Sydney Harbour’s strategic operational capability, and the removal of the existing 1970s industrial silos, currently used as a billboard, as well as to store cement and sugar, will unlock new opportunities for public space and future housing.

“Right above a new metro station and minutes from the CBD, we’re delivering thousands of homes where people actually need them - close to work, close to services and close to transport,"&nbsp;Premier of New South Wales Chris Minns said.

“Importantly, this precinct will include affordable and essential worker housing from day one, so nurses, teachers, paramedics and police can live closer to the communities they serve.

“We understand that not everyone will welcome change, but cities don’t stand still. If Sydney is going to remain a place young people and families can afford to live in, we have to use well-located land better and plan for the future.”

Glebe Island to accomodate 8,500 new homes near new Bays Metro Station

<a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Group</a> has unveiled its exclusive penthouse collection at&nbsp;<a href="https://www.apartments.com.au/new-apartments/amargo-6-12-sixth-avenue-palm-beach-qld-4221">Amargo</a>, its new apartment development in Palm Beach.

There are just four penthouses as part of the collection, however only three remain for sale, with a Palm Beach local already snapping up one of the apartments prior to its launch.

&nbsp;

“We are thrilled to unveil the debut penthouses within the Flourish story,” said Christie Leet, founder of Sherpa Group.

“The penthouses epitomise unparalleled luxury and contemporary elegance, offering an exclusive experience in modern living.”

[smartcode_project:default project_id=146527 project_image_fid=362273]

Located at 6-12 Sixth Avenue, the penthouses will crown Amargo, which will rise 18 levels and offer a diverse product mix of one, two, and three-bedroom apartments, attracting a wide demographic of buyers.&nbsp;

“Creating a multigenerational community is core for us at Sherpa," Leet added.

"Amargo embodies this ethos, welcoming first-home buyers, families and right-sizers alike – ensuring everyone has the opportunity to thrive.”

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=362271]

The penthouses, which range in price from just over $3 million to $4.6 million, each have three bedrooms, three bathrooms, and extensive balconies. Select penthouses will have&nbsp;dedicated media rooms. They have four-metre-high ceilings, Gaggenau appliances, and natural stone materials.

Flourish is crowned by an&nbsp;800 sqm rooftop retreat with a&nbsp;pool, pool deck cabanas and day beds, private outdoor barbecues and pizza oven, an internal private dining space, as well as a gym, yoga zones, steam rooms, and hot and cold magnesium pools.

&nbsp;

&nbsp;

[smartcode_project:default project_id=146527 project_image_fid=306037]

“We’re really excited about what we’re delivering here- Flourish is more than just apartments; it’s about creating a place where people feel truly at home,” Leet said.

Construction is already well underway on Amargo, with residents expected to move in by Q2 2027. The project is around 85 per cent sold.

[smartcode_project_cta:default project_id=146527]

A first look inside Flourish penthouse collection at Palm Beach

Builder-developer Urban Property Group (UPG) is continuing to expand into new markets. UPG is heading to the Hills District, where it is planning a 40-storey mixed use building near Castle Hill Metro Station.

They've gone down the favoured developer route of a State Significant Development Application, which should see developments approved within the space of nine months.

The tower will comprise 371 apartments, 42 of which will be affordable housing, above a ground-floor retail precinct at 16-20 Old Castle Hill Road, on the corner of Garthowen Crescent and within walking distance of Castle Hill Metro Station, an area identified for higher density under both local and state strategic planning frameworks.

Designed by <a href="https://www.apartments.com.au/architects/studiosc">Studio SC</a>, the tower would rise from a brick podium base, accommodating one retail tenancy and communal open space, before transitioning to a slender glazed residential form above. Six basement levels are proposed beneath the building to house parking and services.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="08dc82f9-b826-4e18-8c60-4c90f7472317" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28b%29%20-%20Ground%20level%20render.jpg?VersionId=EOv1ly45k_Bc1F73C0hdwXSG4FVSTETt" />

“Castle Hill is undergoing a significant transformation, evolving from a traditionally low-rise suburban centre into a true metropolitan destination anchored by the Sydney Metro Northwest," the Architectural Design Report prepared by Studio SC noted.

The majority of apartments (194) will be two-bedrooms. 90 one-bedroom apartments are planned, 83 three-beds, and four four-bedroom apartments.

Studio SC’s design adopts a podium-and-tower composition, with warm-toned masonry at the lower levels intended to anchor the building within its streetscape context.

"At the podium, the architecture is anchored through solid brickwork in warm, earthy tones, reflecting the local sandstone formations and the natural colour palette of the surrounding hills," Studio SC added.

Above, the tower transitions to a lighter glass expression, articulated with fins and tonal variation to reduce visual bulk and respond to changing light conditions.

<img alt="First Look: Urban Property unveils 40-storey mixed-use tower in Castle Hill with 371 homes and affordable housing component" data-entity-type="file" data-entity-uuid="f13cb2ee-ebfc-4204-9aba-e2dbd9e5d4bd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Appendix%20G%20%28a%29%20-%20Pool%20view.jpg?VersionId=Dnpusa.b5d6Nkx2clPlzWosDdh_1QW2V" />

Urban Property Group is one of Sydney's most active developers. They have projects currently under construction in Little Bay, Penrith, and Macquarie Park, with future projects earmarked for Wollongong.

Castle Hill has been one of the most popular suburbs for development across Sydney in the last five years, as developers scramble for land around the newly extended Sydney Metro.&nbsp;

Kassis Homes kicked it all off with Grand Reve, along with Deicorp who has delivered over 1,000 apartments in the area and continues to develop. The likes of Dubai-backed developer Arada will take to market their project in the coming months, while Masscon has just launched Avenue on Cadman Crescent.

First Look: Urban Property Group unveils 40-storey mixed-use tower in Castle Hill

One of the Gold Coast’s ‘bridesmaid suburbs’ is experiencing a wave of local suitors, with the latest sales figures from <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> revealing over two thirds of buyers will be relocating from within a 5km average radius of the 16-hectare masterplan.&nbsp;

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the figures underlined a powerful shift for Biggera Waters that would reshape it into a thriving force behind the region’s growth corridor.&nbsp;

“We’ve seen a huge wave of interest from residents of Arundel, Paradise Point and Runaway Bay who recognise the urban transformation that is well underway here and want to be part of it,” Long said.&nbsp;

“Interestingly, 25 per cent of our Gold Coast buyers are also coming from the city’s southern hotspots, including Burleigh and Palm Beach.&nbsp;

“<a href="https://www.apartments.com.au/developments/biggera-waters-qld-4216">Biggera Waters</a>, and Harbour Shores in particular, has all the advantages of waterfront living with the benefits of resort-style amenity, for greater value than the southern beachfront suburbs.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

Long said half of the purchasers at Harbour Shores were under the age of 55.&nbsp;

“When locals choose to stay local, it creates a genuine community, turning the most sustainable master planned community in the Gold Coast’s history into a diverse and vibrant ‘village of villages’.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=336743]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> Gold Coast Sales Director David Higgins said the hyper-local market demand was unique to Harbour Shores when compared to other projects in the region.&nbsp;

“We are seeing as much as 60 per cent of new apartment sales on other projects go to interstate or international buyers, but Harbour Shores is bucking this trend and attracting a larger proportion of the local market,” Higgins said.&nbsp;

“Only 13 per cent of Harbour Shores’ existing purchasers are interstate. There has been a resounding endorsement from local buyers and that validates the project’s vision and investment in design, lifestyle and liveability.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=4579]

Harbour Shores is 16ha visionary masterplan dedicated to wellness and an active, healthy lifestyle. Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Harbour Shores embeds extensive green connections and more than 2.5km in pedestrian networks – including a 1.2km boardwalk along the water’s edge.

Harbour Shores was recently recognised by the BETTER FUTURE World Design Awards 2026 as a silver winner in the category of environmental sustainability. Boasting a 6 Star Green Star Communities V1.1 rating, Harbour Shores will deliver more than 2,000 homes over the next ten years.&nbsp;

The first stage will deliver three residential collections including luxury three and four-bedroom waterfront villas at The Residences, as well as apartments in The Waterline and Palm House, surrounded by resort-style amenities.&nbsp;

[smartcode_project_cta:default project_id=113271]

Biggera Waters no longer a 'bridesmaid suburb' as Gold Coast locals jump to Harbour Shores

Broadbeach off the plan apartments

Faro, the luxury Broadbeach apartment development by joint venture partners Bottega and 5Point, has secured $15 million worth of sales just a week into its launch.

The four sales were snapped up by both local and interstate buyers.

The $80 million <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">Faro</a> sits on a prime site of 123 Old Burleigh Road, a site which was previously secured by <a href="/developers/bottega-property-group">Bottega Group</a> in 2020.

Faro will rise 21 levels to deliver 11 full-floor apartments, three two-level, sub-penthouses, and a single three-level penthouse

[smartcode_project:default project_id=31666 project_image_fid=246693]

Each of the full-floor apartments will feature three bedrooms, each with ocean views, three bathrooms, and open-plan living areas that are enhanced by a large ocean-facing balcony.

The penthouse and sub-penthouses each will comprise five bedrooms and five bathrooms, offering spacious living areas that include a separate dining area and home cinema.

The guest’s suite is located on the first level, while the second level will host four bedrooms plus home office, including the expansive ocean-facing master bedroom with its own balcony positioned to take in spectacular coastal views.

The penthouse will be complemented by its own rooftop entertainment area with a private swimming pool, sundeck, outdoor kitchen, dining area and lounge. All three levels of the penthouse are serviced by a private internal lift.

[smartcode_project:default project_id=31666 project_image_fid=246698]

All Faro residents will enjoy a range of premium on-site amenities on the first-floor recreation terrace including a magnesium pool, private lounges, gymnasium, cabana, outdoor barbecue and entertaining area, sauna, lockers as well as a pet wash and surfboard wash.

The ground floor will have ample bike storage spaces for residents, plus a mail room located in the foyer providing a parcel locker delivery system to handle online orders. Faro will have three levels of basement parking and an EV fast-charging station in the visitor’s bay.

Faro Broadbeach is positioned within easy reach of Broadbeach’s many open spaces, including Federation Park, Victoria Park and Kurrawa Park, and close to the Oceanway pedestrian and cycling path which spans the central Gold Coast beachfront.

[smartcode_project:default project_id=31666 project_image_fid=246697]

Director of Pezet Matheson, Todd Matheson, says that both local and interstate buyers have been driving the demand of Faro.

“The enquires we’ve had to date all commonly recognised the central location and accessibility to the beach and <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> Centre, along with the understated luxury level of finish," Matheson says.

5Point has again sought the services of award-winning architectural design firm, Plus Architecture stating, “Faro has been reimagined to provide a refined collection of premium residences that appeal to a discerning market, and that’s being reflected in the great interest we’ve seen from buyers wanting to secure their spot in this project”.

“Buyers are drawn to the spacious interiors, superior inclusions and resident’s amenities, this project has truly set a new benchmark for relaxed, luxury, coastal living in Broadbeach”.

[smartcode_project:default project_id=31666 project_image_fid=246689]

<a href="/developers/5point-projects-pty-ltd">5Point Projects</a> Managing Director, Damian Dove, said the construction commencement has really&nbsp;ignited the strong sales and enquiries within the market.

"[It] demonstrates buyers need for certainty of delivery when choosing their new sky home," Dove said.

[smartcode_project_cta:default project_id=31666]

Director of Pezet Matheson, Todd Matheson, says that both local and interstate buyers have been driving the demand of Faro

Faro Broadbeach secures $15 million in sales following Christmas launch

Broadbeach is set for it's next luxury apartment tower with Sola, the 22-level tower by Ature Group who founded popular retailers SABO and Zaco, securing approval from the Gold Coast City Council to develop the project.

<a href="/new-apartments/sola-158-surf-parade-broadbeach">Sola</a> features&nbsp;a slender design, penned by Prospect Apartment Architecture and Esat Studio, seamlessly melding a contemporary beach house narrative with sophisticated sculptural details more akin to architecture and details from the Mediterranean.&nbsp;

The site was purchased in 2022 for an around $6 million and will deliver 20 exclusive full-floor apartments with custom stone and wood interiors, as well as top-tier amenities. The three-bedrooms apartments are expected to start from $2.75 million when they launch in February through MOTIV.

<img alt="SABO fashion house founders receive Planning Approval for Luxury 22 Storey Broadbeach tower ‘SOLA.’" data-entity-type="file" data-entity-uuid="ba705f2d-a880-42ee-99da-b2c183f3475c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SOLA%20tower.png?VersionId=t7EKW4HQjpMUaXv2P.zsLJSVASXGixAx" />

The tower will take up just 269 sqm of the 640 sqm Surf Parade site, designed in response to the solar aspect and to the capture the famous Gold Coast views, whilst remaining sympathetic to neighbouring buildings.&nbsp;

The founders of Ature Group siblings George Kouzoukas and his sister Thessy Batsinilas, and George’s wife Yiota, who together have been making a name for themselves in luxury fashion since 20. They've also quietly been developing commercial and luxury residential properties for over a decade, delivering nine projects. Thessy and Yiota have also been featured in &nbsp;Asia’s coveted Forbes 30 under 30 list.&nbsp;

Sola represents Ature Group’s largest and most high-end project to-date. It will be the first residential project in Queensland directly influenced by the design aesthetics of fashion, drawing inspiration from the trio’s travels as they introduced the SABO and Zaco brands to the world stage. &nbsp;

Ature Group aims to leverage the enduring demand for penthouse-inspired lifestyles, with Sola designed to attract discerning buyers seeking a distinctive and elevated living experience.&nbsp;

The synergies between SABO, Zaco, and Ature seamlessly align, as each of the brands are progressively driven by sophisticated design. Ature Group serves as the manifestation of the SABO founders' vision in the realm of property development, delivered with their trademark luxurious resort aesthetic.&nbsp;

<img alt="SABO fashion house founders receive Planning Approval for Luxury 22 Storey Broadbeach tower ‘SOLA.’" data-entity-type="file" data-entity-uuid="bee48fe9-9742-4972-a031-76b28b9784f4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/SOLA.png?VersionId=wMxK2onI0lYIJIPpf3AuBTxfOl4aLGKt" />

“Through the evolution of our fashion labels SABO and Zaco, we have been lucky enough to travel the world, visiting luxurious locations and high-end homes, which has served as inspiration for our fashion ranges,"&nbsp;<a href="/developers/ature-group">Ature Group</a> Director&nbsp;George Kouzoukas says.

"Sola is an organic extension of our commitment to exploring our creative abilities. Drawing from the same principles that have shaped our fashion house, we’re embarking on crafting living spaces where sophistication converges with innovation, weaving the artistry of design into the fabric of contemporary living.&nbsp;

“The aim for Sola was to create a beach house in the sky, under the same guiding influences. We have fused bespoke finishes and design with incredible protected views to deliver refined living for our clients, that reflect Broadbeach’s bold identity as the heart and soul of the Gold Coast."

Three of the apartments will be held for the SABO founders, underpinning their confidence in the project as a milestone development for <a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a> in terms of luxury and lifestyle.&nbsp;

Sola is due to launch to the market in February 2024 through MOTIV.

Ature Group aims to leverage the enduring demand for penthouse-inspired lifestyles, with Sola designed to attract discerning buyers seeking a distinctive and elevated living experience

Staff Writer

SABO fashion house founders secure approval for luxury Broadbeach apartment development Sola

The landscape of Broadbeach is changing ever year.&nbsp;

Nearly two years ago I wrote a <a href="/news/qld/why-its-all-about-broadbeach-in-2022">piece about Broadbeach and its lifestyle and location factors</a> drawing both buyers and developers, with&nbsp;Mosaic Property boss Brook Monahan and CBRE Residential Gold Coast Projects Director Nick Clysdale explaining what it was about <a href="/developments/broadbeach-qld-4218">Broadbeach</a> that buyers and developers saw in the suburb just south of <a href="/developments/surfers-paradise-qld-4217">Surfers Paradise</a>.

Monahan put his money where he mouth was so to speak, securing two sites for his first two projects in the suburb, Marella by Mosaic and Lily by Mosaic, both of which have had huge sales success since launching.

Broadbeach has remained a top spot for developers since then, with a number of development sites transacting. There's a healthy mix of large scale, full-floor apartments for the more affluent buyer, and higher density two and three-bedroom apartmens which cater to a wider market.

A number of projects are looking like they'll go ahead in 2024. We've taken a look at five developments which caught our eye.

<h2>Project: SOLA Broadbeach</h2>

<h3>Location: 158 Surf Parade, Broadbeach QLD 4218</h3>

<h3>Developer: Ature Group</h3>

The Queensland-based&nbsp;AtureGroup, well known for the popular fashion boutique Sabo Skirt and Zaco, will launch SOLA Broadbeach this year on one of Broadbeach's most popular streets.

SOLA, located at 158 Surf Parade, is designed to cater to owner-occupiers, comprising 20 three-bedroom apartments across 22 levels.&nbsp;

Designed by Prospect Apartment Architecture, the development focuses on high-quality architectural expression, orienting the building towards the east to maximise parkland and ocean views while ensuring privacy from neighbouring buildings.&nbsp;

<img alt="SOLA Broadbeach" data-entity-type="file" data-entity-uuid="79fdeb92-619a-4eaa-a0c9-068920df580f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.08.58%20am.png?VersionId=.pZtFBbNKdhdkpzAMXoN7Wh07N20gTnA" />

Each 200 sqm apartment includes three bedrooms, a multi-purpose room, and a kitchen with a butler's pantry. The master suite features an ensuite and a walk-in wardrobe.

Residents will also have access to several amenities on the podium level including a wellness zone with a mineral spa, ice pools, gym, steam room, a sauna, a covered indoor-outdoor swimming pool and a communal deck area.

The Kouzoukas family, signalling confidence in the project, plans to retain several apartments for extended family use.&nbsp;

To find out more about SOLA, <a href="/news/qld/first-look-sabo-skirt-family-file-debut-gold-coast-apartment-tower-on-broadbeachs-best-street">click here</a>.

<h2>Project: Chelsea Avenue, Broadbeach</h2>

<h2>Location: 42-46 Chelsea Avenue, Broadbeach QLD 4218</h2>

<h3>Developer: Amalgamated Property Group</h3>

Following the successful launch of Amaya Broadbeach at 30 First Avenue, Canberra-based apartment developer Amalgamated Property Group (APG) is expected to launch its second Broadbeach project in as many years.

They snapped up an 1,820 sqm Chelsea Avenue site from Raptis, who had approved plans for a 41-level tower designed by Archidiom.

APG has had DBI make some amendments, changing the apartment mix to make 148 two-beds, a number with a study, and 37 three-bed apartments.

The recreational amenities for residents will be situated on the fourth level, offering a range of facilities such as a swimming pool, residents' lounge, community living area with barbecue and outdoor dining space, gardens, gym, sauna, and a yoga/meeting room.&nbsp;

<h2>Location: 33-37 Armrick Avenue, Broadbeach QLD 4218</h2>

<h3>Developer: Armrick Developments Pty Ltd</h3>

Former footballer Scott Crow is expected to launch his debut Gold Coast apartment development in Broadbeach after securing approval for the 33-level apartment tower in December.

The tower across an amalgamated 1,750 sqm triple site at 33 Armrick Avenue will home 203 one, two, three, and four-bedroom apartments.&nbsp;

Plus Architecture designed the tall, curved tower, with the intention of the design to embrace the sub-tropical coastal lifestyle of the Gold Coast.

The recreation level, located on the third floor of the podium, offers a range of amenities, including a gym, outdoor lounge with a fire pit, yoga deck, cold pools, a large pool, floating day beds, a spa, private cabanas, sauna and steam rooms, barbecue areas, and a bar nook.

<img alt="Armrick" data-entity-type="file" data-entity-uuid="8bb67bc5-12df-41eb-acae-39d12d5b8695" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.12.12%20am.png?VersionId=VKUoEjLeTgaAPBBSrh8JkCy7_x41_C8J" />

Apartment levels start from the fifth floor, with eight units per floor up to level 21. The upper levels of the tower feature a collection of sub-penthouses and penthouses.&nbsp;

Level 31 includes four sub-penthouses, each equipped with a master suite, additional bedrooms and bathrooms, a laundry room, a multi-purpose room, a butler's pantry, and an open-plan kitchen, dining, and living space leading to a private outdoor area.

The development culminates in two mirroring two-storey penthouses featuring three bedrooms. The eastern side of the penthouses features a pool, sun deck, outdoor kitchen, barbecue area, dining space, and a fire pit.

The new tower will be located near Morris Property Group's Crest Broadbeach at 13 Armrick Avenue.&nbsp;

<h2>Project: Lusso Sky Homes Broadbeach</h2>

<h3>Location: 11 Anne Avenue, Broadbeach QLD 4218</h3>

<h3>Developer: Di Carlo Property Group</h3>

Brisbane-based Di Carlo Property Group is another who has development approval for their Broadbeach tower, Lusso Sky Homes.

Lusso, which means luxury in Italian, marks a return to the Gold Coast apartment market for the Brisbane-based developer.

The project at 11 Anne Avenue will comprise&nbsp;15 full-floor apartments designed by Hayes Anderson Lynch Architects.&nbsp;

The four-bedroom apartments offer over 200 sqm internally, complemented by a balcony of over 40 sqm.&nbsp;

<img alt="Di Carlo" data-entity-type="file" data-entity-uuid="08885c56-4b8b-441e-bb16-d7c71b96319b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.15.32%20am.png?VersionId=z.pypCcvmFHyPoo_kL2CNb7AhuHsp682" />

Alfie Di Carlo anticipates strong interest from local downsizers seeking spacious living without compromising on luxury and from interstate or Brisbane-based holidaymakers and weekenders seeking a high-end holiday home.

"We produce boutique, owner-occupier developments in Brisbane so we definitely wanted to stay in our lane and produce something that would service that type of buyer on the Gold Coast,"&nbsp;<a href="/developers/di-carlo-property-group" target="">Di Carlo</a>&nbsp;told Urban.

"Its a really nice pocket of the Gold Coast and it's always been on the agenda."

To read more about Lusso Sky Homes, click here.

<h2>Location: 155 Old Burleigh Road</h2>

<h3>Developer: Polycell Group</h3>

It might be ambitious for Polycell Group, developer of The Rochester in Broadbeach which is over 50% sold on Surf Parade, to get to the stage of launching their second Gold Coast apartment development on Old Burleigh Road.

Last year Polycell acquired 19 apartments in the Sandpiper building at 155 Old Burleigh Road, paying&nbsp;$15.5 million for the apartments from developer Peter Priest of Trenert.

The Sandpiper building was at the centre of a legal dispute earlier in the year when Trenert decided to abandon its plans to buy out the remaining owners, claiming that rival developers used confidential information to secure apartments and thwart the redevelopment.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="1ea7dc21-37a0-46ec-98bd-641c0e9ecade" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-01-09%20at%2010.07.51%20am.png?VersionId=ibacJlFsngOGz_HJpCdo.H.O7D6S.Ku_" />

The 1,828 sqm site of the Sandpiper building is situated on the corner of Broadbeach Boulevard and Albert Avenue directly opposite Kurrawa Park, providing unobstructed views of the beach and ocean.&nbsp;

Read more:&nbsp;<a href="/news/qld/exclusive-the-rochester-developer-polycell-locks-sights-on-next-gold-coast-apartment-project">Exclusive: The Rochester developer Polycell locks sights on next Gold Coast apartment project</a>

Broadbeach has remained a top spot for developers, with a number of development sites transacting

What to look out for in the Broadbeach off the plan apartment market in 2024

Award-winning Melbourne developer Little Projects Co has joined local joint venture partners Bottega and 5Point to launch luxury full-floor apartments to the Broadbeach off the plan apartment market.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a>, at&nbsp;20 Mary Avenue toward the southern end of Broadbeach, comprises just&nbsp;14 full-floor apartments and two multi-level penthouses designed by Plus Architecture.

The tower is wrapped in floor-to-ceiling glazing which allows every apartment sweeping views of the ocean from both the living areas and the ocean facing balcony.

Little Projects <a href="/news/qld/little-projects-secure-approval-for-redesigned-luxury-broadbeach-apartment-tower">secured approval for the redesigned project in October</a> after Plus tweaked a previous design.

<img alt="Atelier" data-entity-type="file" data-entity-uuid="0cb0fa3c-2ff0-4ede-8909-e9c336f7717b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-12-22%20at%208.07.06%20am.png?VersionId=3wqJp6aP9pWGryMcbhhSjs1wnIphnO1q" />

&nbsp;

There's resident amenity in the form of a swimming pool with views over the South Lawn Broadwater Parklands and the extensive Gold Coast shoreline on the podium level. Additional amenities include a gymnasium and a sauna, while two allocated car spaces complement each residence.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a> is close to everything but tucked away enough to provide peace and tranquil relaxation. Pacific Fair Shopping Centre is a five-minute stroll from Atelier's doorstep, with the beach just metres away.

<a href="/new-apartments/broadbeach-qld-4218">Atelier Broadbeach</a> start at $2.95 million. Little Projects expect completion in June 2026.

&nbsp;

Little Projects also lodged plans for <a href="/news/qld/first-look-exclusive-little-projects-set-for-third-broadbeach-apartment-development-with-r-corp-joint-venture">another apartment development at Broadbeach</a> last year, dubbed <a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a>.

<a href="/new-apartments/enclave-by-graya-118-old-burleigh-road-broadbeach">One Australia</a> consists of 32 three-bedroom apartments and one four-bedroom penthouse designed by DKO Architecture. This 37-level tower is positioned to cater to the luxury owner-occupier market in Broadbeach.

Atelier Broadbeach<a href="/news/qld/bottega-and-5point-launch-luxury-faro-broadbeach-apartments"> joins Faro Broadbeach</a> on the luxury full-floor apartment market. <a href="/new-apartments/faro-broadbeach-123-old-burleigh-road-broadbeach">Faro</a>, at 123 Old Burleigh Road, comprises 15 apartments.

Atelier Broadbeach start at $2.95 million. Little Projects expect completion in June 2026

Little Projects launch Atelier Broadbeach

Former footballer Scott Crow has secured approval for a Broadbeach apartment tower.

Crow, who played for both Collingwood and Hawthorn, is set to developer a 33-level tower on a large 1,750 sqm site at <a href="/new-apartments/33-37-armrick-avenue-broadbeach">33 Armrick Avenue</a>. Designed by <a href="/architects/plus-architecture" target="">Plus Architecture</a>, the 203-apartment tower will take on a tall, curved form that embraces the sub-tropical coastal lifestyle.&nbsp;

It will have a mix of one, two, three and four-bedroom apartments.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" 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/Screen%20Shot%202022-09-14%20at%205.40.56%20pm.png?VersionId=.yagfyhJl9dNxPEZqOnG6XqcrZG5TqK9" />Render of the proposed Armrick Ave development. Credit: Plus

Crow filed the development application last September, around 14 months ago from application to approval.

In their design statement submitted to the Gold Coast City Council, Plus noted that the project&nbsp;embodies the nostalgic character of the Gold Coast, with a contemporary, well considered architectural response&nbsp;through form, materiality and response to climate and context.

Level three of the podium will house the recreation level, with plans for a gym, outdoor lounge and fire pit, yoga deck, two small cold pools, a large pool, complemented by floating day beds, a spa and shallow pool, private cabanas, lounge terrace, sauna and steam rooms, powder room, residential storage areas, barbecue areas and a bar nook.&nbsp;

The apartments will begin from level five, with eight apartments per floor until level 21.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" 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/Screen%20Shot%202022-09-14%20at%205.41.32%20pm.png?VersionId=73pjIa6mHmcWB_R9zi4dE1Tkv4MLD3Hn" />Render of the Armrick Ave pedestrian entry. Credit: Plus

Taking up stock in the upper levels of the tower is a collection of sub-penthouses and penthouses.&nbsp;

Level 31 comprises four sub-penthouses, each with a master suite, as well as two additional bedrooms and bathrooms, a laundry room, multi-purpose room, a butler’s pantry, as well as an open plan kitchen, dining and living space that opens to a private outdoor space.&nbsp;

Two two-storey penthouses top out the development, with one occupying the northern area of the floorplate and the second in the southern.&nbsp;

The two penthouses mirror one another with the internal design, comprising three-bedrooms, a multi-purpose room, a laundry, a powder room, and an open plan kitchen, dining and two living areas.&nbsp;The eastern side of the penthouses will comprise a pool, sun deck, outdoor kitchen and barbecue area, dining as well as a fire pit.

<img alt="First Look: Plus-designed Broadbeach apartment tower set for Armrick Avenue" 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/Screen%20Shot%202022-09-14%20at%205.51.41%20pm.png?VersionId=Z37u55IdSlxK5e1mLDi1L7D.qgghznyK" />Render of the Armrick Ave facade. Credit: Plus&nbsp;

The tower will sit a few doors down from Morris Property Group's recently launched <a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> at 13 Armrick Avenue.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest</a> is Morris's eighth apartment development in Broadbeach. That will have 157 apartments designed by Guida Moseley Brown Architects.

The tower will sit a few doors down from Morris Property Group's recently launched Crest Broadbeach at 13 Armrick Avenue

Former footballer secures approval for Gold Coast apartment development

As they fast approach completion of their Main Beach apartment development <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a>, veteran developer Raptis has been quietly working away on their new Broadbeach address, <a href="/new-apartments/the-sterling-broadbeach-6-8-george-avenue-broadbeach">The Sterling Broadbeach</a>.

They reduced the density of the George Avenue project, which was initially approved for a 43-level tower with 138 apartments designed by Koichi Takada.

Archidiom tweaked the designs and took off 17 levels, making a 30-level tower with 80 apartments with bigger floorplans than initially proposed.

[smartcode_project:default project_id=101620 project_image_fid=210396]

"The approved design, which was first conceived over two years ago, has been subject to detailed investigations in terms of marketability and constructability," the minor change submission to the Gold Coast City Council noted earlier this year.

"These investigations have determined that the approved product mix is no longer suitable for the current property market both in terms of the type and amount of product proposed."

Read more:&nbsp;First look exclusive: Raptis to chop 17 levels off The Sterling, Broadbeach apartments

Each apartment features floor-to-ceiling windows framing views of the Pacific Ocean and Kurrawa Park.

The kitchens, adorned with Miele appliances, are both practical and stylish, incorporating an island bar and butler's pantry, while the open-plan living and dining areas lead to private balconies, with some bedrooms also providing balcony access.

[smartcode_project:default project_id=101620 project_image_fid=210397]

The residences boast generous ensuites with a freestanding bathtub and rain shower head as focal points. His and her vanities feature a round basin and a ceiling-reaching mirror.&nbsp;

Residents gain automatic and exclusive membership to Club Sterling, an amenity-filled second-floor space dedicated to comfort, well-being, and productivity.

Club Sterling includes a resort-style pool, an alfresco barbecue area, a Corporate Suite with Wi-Fi and private teleconferencing pods, a dedicated butler’s pantry, outdoor dining and entertaining space, a fully furnished Leisure Suite with private dining, and state-of-the-art health and fitness facilities.

The health and fitness facilities include a modern gymnasium, sauna and steam rooms, and a yoga and pilates movement studio.

Raptis anticipates that the 2032 Olympics and Paralympics will further boost the Gold Coast lifestyle, with planned infrastructure developments transforming the wider South East Queensland location.

Raptis is approaching completion of their Main Beach apartment development, <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl Main Beach</a>.

[smartcode_project_cta:default project_id=101620]

Raptis anticipates that the 2032 Olympics and Paralympics will further boost the Gold Coast lifestyle, with planned infrastructure developments transforming the wider South East Queensland location

Raptis gets to work on The Sterling Broadbeach apartment development

Iris Capital's <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> is progressing towards becoming Broadbeach’s new landmark precinct.

Comprising two apartment towers above a significant retail precinct, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, or V&amp;A, boasts premium resident amenities and vibrant ground-floor retail and dining facilities.

From the moment residents step inside the spectacular lobby at V&amp;A, they will experience the best resort-style living without having to leave home.

“<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A</a> offers a quintessential resort-style lifestyle every day of the year,” Colliers Residential Director David Higgins said.

[smartcode_project:default project_id=107928 project_image_fid=234096]

Designed by architects DBI, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A </a>consists of two residential towers, Victoria Residences and Albert Residences.

Victoria Residences in <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a> feature carefully crafted one and two-bedroom apartments with spacious indoor and outdoor living areas.

A diverse range of premium amenities has been meticulously integrated into the Victoria Residences tower across two levels.

[smartcode_project:default project_id=107928 project_image_fid=234093]

On the podium, residents will find The Victoria Club—a collection of stunning pools and places to relax, gather and play, all surrounded by spectacular verdant landscaping.

The Victoria Club includes a swimming pool, gym, wellness room, yoga lawn, residents’ lounge, children’s area, cinema, outdoor dining, and barbecue pods.

High atop the tower, the Victoria Sky Lounge offers a luxurious lounge and private dining with panoramic Gold Coast views.

The Sky Lounge provides first-class amenities like a sports lounge, private meeting rooms, and two other lounges.

[smartcode_project:default project_id=107928 project_image_fid=234092]

The second tower, Albert Residences, offers luxurious, home-sized residences starting at $1.99 million, with panoramic views of the Gold Coast's natural landscape.

Albert Residences features lifestyle inclusions such as a pool, spa, sauna, steam room, gymnasium, zen garden, yoga lawn, and studio.&nbsp;

Meanwhile, the Albert Sky Lounge offers residents a sky lounge with a wraparound balcony, indoor and outdoor dining areas, a wine cellar, a library, and more.

[smartcode_project:default project_id=107928 project_image_fid=234094]

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A Broadbeach</a> also includes two levels of premium office space, commercial facilities, and a new ground-level retail arcade accessible to all residents and the public.

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a> is now in the second construction phase, which is to be undertaken by&nbsp;Iris Capital's new construction arm, Iris Built,.

<a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">V&amp;A</a>&nbsp;is expected to be completed in early 2026.

From the moment residents step inside the spectacular lobby at V&A, they will experience the best resort-style living without having to leave home

"A quintessential resort-style lifestyle every day of the year": Inside Broadbeach's Victoria & Albert resident facilities

Developer Iris Capital has joined the growing number of developers bringing construction in house.

Approaching completion of early construction works by CF Group, the Sam Arnaout-led developer will be building the next stage of construction of its much anticipated two-tower development Victoria &amp; Albert by itself.

They've announced Iris Built, already fully licensed with the QBCC. They've assembled an experienced and dedicated Tier 1 construction team with extensive major project experience to focus fully on the delivery of V&amp;A.

[smartcode_project:default project_id=107928 project_image_fid=184933]

Local project manager Eastview Australia had been working away trying to identify builders who have the experience and strength to deliver the next phase of construction,

The Iris Built team will continue to work closely with Eastview Australia, an experienced project management business that has been delivering major high-rise developments on the Gold Coast for over 20 years.

This structure will allow the project to be delivered to the highest possible standards, with an Iris Group business acting in the capacity of builder.

[smartcode_project:default project_id=107928 project_image_fid=208685]

Over half of the 399 apartments in Victoria &amp; Albert have sold.

The apartments have been designed by renowned&nbsp;<a href="/architects/dbi">architecture firm DBI</a>, who drew inspiration from the coastal environment.

V&amp;A is being built in the heart of&nbsp;<a href="/new-apartments/broadbeach-qld-4218">Broadbeach</a>, on the old Niecon Plaza site, which has been demolished. The towers will sit atop a $200 million commercial, retail and fresh food precinct.&nbsp;Colliers sales agent Paul Putsay says the commercial offering has&nbsp;particularly resonated with buyers from Melbourne and Sydney, who appreciate the convenience and vibrancy offered by a vibrant commercial hub.

[smartcode_project:default project_id=107928 project_image_fid=198884]

V&amp;A will also feature&nbsp;a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground, all surrounded by sub-tropical gardens.

The project also includes a residents sky lounge on the top level of the Victoria tower, complete with luxury dining, lounge, wellness, and work zones, taking in ocean and city skyline views.

[smartcode_project_cta:default project_id=107928]

Local project manager Eastview Australia had been working away trying to identify builders who have the experience and strength to deliver the next phase of construction

Iris Capital create construction arm to build Victoria & Albert Broadbeach apartments

The continued strength in the Gold Coast property market has seen the South East Queensland hotspot's median unit value surpass $700,000.

CoreLogic's Hedonic Home Value Index found Gold Coast units jumped another 1.3 per cent across September, topping growth in Sydney, Melbourne and Brisbane.

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.

Read more:&nbsp;<a href="/news/qld/city-beat-august-2023-gold-coast-unit-median-approaches-700k-following-august-growth">City Beat August 2023: Gold Coast unit median approaches $700k following August growth</a>

<h2>What's happening in the Gold Coast off the plan market?</h2>

Prospective buyers are still queuing up for off the plan apartments developments on the Gold Coast.

While signing up to join waitlists was more prevalent during the pandemic when buyers were missing out on projects which were selling to databases without even hitting the market, the recent development application by Molti for their <a href="/news/qld/first-look-exclusive-molti-secure-prime-bilinga-site-plan-luxury-apartment-project">luxury beachfront Bilinga project</a> saw a strong response.

Molti Director Ben Teague said the response has been incredibly positive.

"We’ve already had people join our waitlist at this early stage," Teague said, adding that buyers have been impressed with both the architecture and the beachfront position in Bilinga.

"We’ve been looking at the southern Gold Coast for a number of years, and while it’s seen considerable growth since the pandemic, we still feel there’s plenty more room to grow."

<img alt="Bilinga" data-entity-type="file" data-entity-uuid="90f45f83-d3ae-48fd-9b32-e28ac6b82207" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-10-05%20at%209.15.01%20am_0.png?VersionId=8oIJOVH6SMSrf8SFM_IDJpf0RcIVOGBK" />

Molti's key business&nbsp;contacts and stakeholders from southern states, particularly Melbourne, are wanting to heavily invest in property in South East Queensland.

"That tells us the growth wasn’t solely pandemic-fuelled. While thousands from the southern states viewed it as an escape from lockdowns over 2020 and 2021, there’s still people moving in droves to SEQ, and forecasts suggest that will continue."

Prominent Canberra developer Amalgamated Property Group are set to bring some further supply to the Gold Coast off the back of the success of their under construction Broadbeach apartment development, Amaya Broadbeach.

Amalgamated Property Group Development Manager Michael D'Elboux says they&nbsp;are seeing a return of buyer confidence, which he says&nbsp;is a direct response to the recent introductions of developer/builders at the helm of both the project vision and delivery.&nbsp;

"Specific feedback that we’re hearing from our buyers at Amaya Broadbeach is that this is providing them with additional certainty knowing that the delivery of the home they’re investing in will actually be of the highest priority to both parties and that their successes go hand-in-hand; there isn’t another party calling the shots," D'Elboux says.&nbsp;

[smartcode_project:default project_id=111866 project_image_fid=205116]

"Industry-wide, this all contributes to a much-needed positive sentiment – these increases in sales and continuation of construction activity does have a broader flow-on effect, with impact on the general market confidence and therefore, future demand and supply."

D'Elboux said that even with the arrival of spring and its natural inclination for the number of sales to pickup, the majority of enquiries at the moment are discerning buyers, namely those who have been watching the marketplace for some time.&nbsp;

"Buyers are doing more independent research before they even reach out to us, which means we're experiencing higher-quality enquiries and shorter conversion timelines to purchase,"&nbsp;D'Elboux says.

[smartcode_project:default project_id=111866 project_image_fid=205115]

"They are connecting with the long-term vision so we’ve got a strong reassurance of a quality residential community that will be in alignment with our original concept.

"As well as holiday-home makers, we’ve definitely been seeing a strong pickup in owner-occupiers who are looking to the future and finding their way to get closer to the water and live that Gold Coast dream by the sand and the sea, but in a low-maintenance home for an easy lifestyle."

Unit values are now 6.4 per cent up in the last 12 months, according to the property data analytics firm.



City Beat September 2023: Gold Coast unit values pass $700k after continued 2023 growth

Developer Polycell Group, who is currently developing The Rochester in Broadbeach, looks like it has it's eye firmly locked in on their next development site.

Records show they've spent $15.5 million buying 19 apartments in the Sandpiper building at 155 Old Burleigh Road. They were bought from developer Peter Priest from Trenert, who earlier in the year decided to abort their plans to buy out the rest of the owners when rival developers secured apartments to scupper the redevelopment.

The stoush went to court, with Trenert claiming the rival developers used information that was subject to a confidentiality deed, after they had made a $40 million offer to secure the whole project.

Polycell was founded in the 1970s by current director Robert Ching-Chin Hsu. Starting life as a packaging and materials company in Taiwan, Polycell branched out and is now the largest privately owned air bubble cushion producer in the world today.

No doubt they will now work on the rest of the owners in the building.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="d692b541-1154-4a16-a8dc-7a20a7f1b059" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.29.58%20pm.png?VersionId=.APH4BEfZiqPkz0Mc2xDm2L7s7MBZxg1" />

Despite being gazetted earlier in the year, the rules for developers to take control of a building if they have over 75 per cent of the apartments, have yet to come into force.

There have been two sales in the development this year, aside from Polycell's purchases. Two two-bedroom apartments sold for $650,000 and $755,000.

The 1,828 sqm site is located directly opposite Kurrawa Park, which will offer never-to-be-built-out views across the beach and ocean.

It sits on the corner of Broadbeach Boulevard and Albert Avenue. The other side of Albert Avenue is the towering ULTIQA Beach Haven, while behind is the under construction, twin tower development Victoria &amp; Albert by Iris Capital.

<img alt="Sandpiper" data-entity-type="file" data-entity-uuid="75803a6c-d65f-4976-a0e6-df5587ceaf33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-07-06%20at%202.33.13%20pm.png?VersionId=XBhB9EA31195oJoOsMhJLG57q4GKjIAj" />The current view from Sandpiper

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade. That has 170 two and three-bedroom apartments.

It prides itself on it's extensive resident amenity. The $250 million tower features over 2,200 sqm of facilities.

[smartcode_project:default project_id=112276 project_image_fid=211183]

The whole of level four, some 1,350 sqm, will be dedicated to a health and wellness centre, which will feature a state-of-the-art gym, dry and wet saunas, a cold bath and a yoga lawn.

There will be an outside podium with a lap pool, a second leisure pool, heated spa, sun decks, barbecues, and alfresco dining spaces, all with views of the Pacific Ocean and the Gold Coast hinterland.

[smartcode_project:default project_id=112276 project_image_fid=211186]

Level 26 will home a further 930 sqm of amenity.&nbsp;

Dubbed The Executive Club, residents will have access to a sky lounge and private and communal dining spaces, anchored by a commercial kitchen for catering. A cellar room will feature individual wine and whiskey lockers.

The Executive Club will also feature state-of-the-art workspaces, including a&nbsp;boardroom, private office suites and workstations. A six-seat cinema, games room, and outdoor lounge areas, complete the amenity.

Polycell is currently developing The Rochester, around 700 metres away on Surf Parade

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