A Moroccan-bathhouse residential tower has been unveiled for Budds Beach, with Australian developer <a href="https://www.apartments.com.au/developers/homecorp">Homecorp</a> announcing plans for a $260 million resort-style project in one of the Gold Coast’s most tightly held waterfront precincts.

A development application has been submitted to the Gold Coast City Council for a 27-storey tower at 8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise, marking one of the few new large-scale residential projects proposed for the precinct in more than a decade.

The project will comprise 156 two- and three-bedroom residences, anchored by a residents-only Moroccan spa-inspired wellness sanctuary featuring private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools and a curated juice bar. There will also be a resort-style rooftop precinct, complete with a heated infinity pool and spa, a residents’ lounge with a private kitchen and bar, a contemporary fitness centre with a yoga and Pilates studio, and outdoor BBQ areas with entertaining lounges.

<img alt="8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise" data-entity-type="file" data-entity-uuid="997f8dbb-4ed1-47e4-8780-d12a3d5cd0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_3.png?VersionId=IsDJXxE8.HG92i4dnbmmPQi.fVXjME7I" />

"At Homecorp, we are driven by the pursuit of better - challenging expectations, thinking bigger and shaping communities that leave a lasting legacy," said Ron Bakir, CEO and Founder of Homecorp.

"This project draws on our experience and expertise to take what the market has been craving to the next level - a home that nurtures wellness, calms the mind and lifts the everyday stresses away. A home is more than a place you live, it’s where you rest, reset and find balance."

&nbsp;

Bakir says what sets the location&nbsp;apart is its rare, tightly held nature within one of the Gold Coast’s most vibrant lifestyle and entertainment precincts, yet quietly tucked away in a peaceful, beachside enclave.

"Budds Beach has remained exceptionally limited in supply over the past decade and this site presented an unmatched opportunity to deliver something truly special to both Surfers Paradise and the Gold Coast.”

Conveniently connected to major roads and the G:link, residents will enjoy easy access to Surfers Paradise, Broadbeach and Burleigh Heads, while still being just minutes from the city’s most iconic beaches and the Broadwater’s ‘golden mile’.

The 2130 sqm site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio on the Gold Coast, following the success of Eve Residences in Labrador upon its completion in November 2024. In 2025, Eve earned multiple national accolades and went on to win ‘Best Oceanview Condo Development’ in the Asia Pacific region at the PropertyGuru Asia Property Awards Grand Final, outperforming entries from more than 13 prestigious international markets.

The company also commenced construction last year on the highly anticipated $250 million second stage of Cienna Varsity Ridge, set to deliver 289 residences by 2027 in the heart of Varsity Lakes, and launched the $210 million Florence Residences along Surfers Paradise’s Monte Carlo Avenue to the market, with construction kicking off last month.

"The property market is constantly evolving, particularly here on the Gold Coast, which continues to outperform national trends thanks to its unmatched lifestyle, natural beauty and growing infrastructure, especially ahead of the Brisbane 2032 Olympics. We are proud to be adding more homes to the skyline, creating spaces that are not only designed for liveability but also nurture wellness within. They are homes that are built to last a lifetime and beyond," concluded Mr Bakir.

The project is set to launch to the market later this year.

Joel Robinson

Homecorp lodges plans for $260 million Moroccan bathhouse-inspired tower in Budds Beach

What began as a leap of faith in the 1970s has evolved into one of the Gold Co​ast's most enduring development success stories. Raptis, now led by second-generation developer Evan Raptis, continues to shape the region's skyline four decades after patriarch Jim Raptis first ventured north from Sy​dney.

Jim Raptis began developing in Sy​dney in his 20s under the guidance of a seasoned mentor. After several successful joint ventures, he sensed untapped potential on the Gold Coast and made the bold decision to relocate. That instinct proved prescient, the Raptis family has contributed thousands of apartments to what was once purely a tourist destination and is now recognised as Australia's lifestyle capital.

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With decades of experience navigating the complex Gold Coast development landscape, Raptis maintains fully vertical integration, from site acquisition and construction through to marketing and sales strategies. This comprehensive approach has allowed the company to weather multiple market cycles and emerge well-positioned for the region's continued growth.

"We've seen the region change drastically over the last two decades, with that change accelerating in the last five years," says Evan Raptis. "The Gold Coast is becoming unrecognisable. There are some exciting projects happening up and down the coast. The Spit is being talked about as Australia's version of Monaco, with billions in development underway."

Unlike the volatile pre-GFC years that rocked the Gold Coast market, Raptis believes the region has matured considerably. "Demand remains strong, but the market is now settled and stable."

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While the company recently completed Pearl Main Beach, an 84-apartment development just 53 steps from the sand, Broadbeach has truly been home for the Raptis family.

"There's nothing Broadbeach doesn't have," Raptis says. "There's always a new café or restaurant coming into the neighbourhood, and the redevelopment of the Niecon Plaza, bringing nearly 5,500 square metres of retail, dining and office space, will only elevate Broadbeach even further."

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The suburb has reached what Raptis describes as a "settled phase" of its evolution, with owner-occupiers and repeat visitors increasingly shaping demand rather than traditional investors.

The company's latest Broadbeach project, Sterling, is now constructed to level 22 and scheduled for handover in June 2026. With approximately 70 per cent of apartments already sold ahead of completion, the development has attracted a distinct buyer profile.

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"We're seeing significant interest from lock-up-and-leave buyers and downsizers," Raptis explains. "Some use the apartments over Easter or Christmas, while others come down from Brisbane on weekends. They aren't your typical 'investors' who will put the apartments up for permanent rental."

Sterling offers prospective buyers a rare advantage: fully completed display apartments showcasing several two- and three-bedroom configurations, something few off-the-plan developments can provide.

With another Broadbeach project in the pipeline, Raptis emphasises that the next chapter is about maintaining standards rather than pursuing growth at any cost.

"We've been building for over four decades, and our track record matters. Our focus remains the same: deliver what we build, stay close to the details, and delivering a finished product that hopefully exceeds our clients' expectations."

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It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline

JWLand has completed the final residential stage of its Lyneham precinct, Northbourne Village, with De Burgh now welcoming residents who have begun settling into their new homes.

A selection of the 350 studio, one, two, and three-bedroom apartments remains available within the two-building <a href="https://www.apartments.com.au/buildings/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a>, which occupies a prominent position along Northbourne Avenue.

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The apartments at De Burgh have been configured to prioritise natural light, privacy, and usable outdoor space, with ground-floor homes featuring private courtyards and upper-level apartments opening to generous balconies. Double-glazed windows are standard across the development, supporting acoustic comfort and improved energy performance.

Kitchens are fitted with Fisher &amp; Paykel appliances, while all residences include ducted reverse-cycle air conditioning integrated with app-based controls, allowing residents to manage lighting and climate remotely. These inclusions reflect a broader focus on durability, efficiency, and everyday functionality rather than short-term finishes.

[smartcode_project:default project_id=139989 project_image_fid=356280]

Shared amenity is delivered through a resident gym, rooftop garden, lounge spaces, parcel lockers, and landscaped communal areas that connect De Burgh to the wider Northbourne Village environment.

Nick Babic, Marketing Project Manager at JWLand, said the completion of De Burgh gives buyers a level of certainty that off-the-plan purchases cannot always provide.

“There’s no need to wait or play guessing games. You can come and see the spaces firsthand, and genuinely picture yourself living there today. That includes not only the apartments, but the amenities as well. It’s easy to imagine enjoying a coffee in the central courtyard or spending time with other residents in the lounge.”

The completed status of the project aligns with strong buyer demand for finished stock, particularly among first home buyers, young professionals, and downsizers seeking certainty around timing and cost.

[smartcode_project:default project_id=139989 project_image_fid=356282]

With pricing ranging from $463,000 to $1.588 million, much of the offering sits within reach of buyers looking to enter the Inner North apartment market.

De Burgh’s location underpins its buyer appeal, positioned approximately 600 metres from the light rail and three kilometres from Canberra’s CBD, with direct access to <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands, Sullivan’s Creek parkland, and the established hospitality and retail precincts of Lyneham and Dickson.

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Canberra's newest apartment building: JWLand completes De Burgh at Northbourne Village

One of Victoria’s largest private developers, Central Equity, has commenced construction on Palmera, its $1 billion luxury residential development at Northcliffe on the Gold Coast, appointing Tier 1 builder Multiplex to deliver the project.

The fast-track to construction is being undertaken ahead of Central Equity officially launching the project to market.

The company says the move reflects its confidence in both the calibre of its offering and the Gold Coast’s long-term fundamentals, underpinned by one of Australia’s strongest growing economies, continued population growth and sustained infrastructure investment.

A diversifying employment base across health, education, professional services and tourism has helped insulate the local economy from volatility, while limited new supply in established coastal locations continues to support demand from owner-occupiers and downsizers seeking long-term lifestyle value.

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a> is being constructed in the prestigious Northcliffe residential neighbourhood on an expansive 3,239 sqm site. It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between Broadbeach and Surfers Paradise.

[smartcode_project:default project_id=108274 project_image_fid=361249]

Offering a mix of spacious three-bedroom apartments over 52 levels, Palmera is designed to deliver a full suite of premium residences to buyers looking for the ultimate coastal lifestyle that the Gold Coast has to offer.

The project’s premium apartments will deliver northern views across the Surfers Paradise beachfront and extending all the way around to Burleigh Heads and beyond.

Palmera will be crowned by its top four levels, being a limited collection of penthouses and skyhomes that further elevate the residential offering through generous proportions and uninterrupted panoramic views.

[smartcode_project:default project_id=108274 project_image_fid=361246]

The appointment of Multiplex as the builder represents a major milestone for Palmera and cements Central Equity’s commitment to the Gold Coast after delivering more than 85 residential projects over the past four decades. It will be the 20th project collaboration between Central Equity and Multiplex.

“The commencement of construction at Palmera marks a major milestone for the project, with Tier 1 builder Multiplex appointed to deliver the development in the highly sought-after Northcliffe residential precinct on the Gold Coast,” said Central Equity Executive Director Karl Kutner.

“Our commitment to commence immediate construction is in line with our resounding confidence in the Gold Coast over the long term. The city has evolved and proven to be one of Australia’s most dynamic and resilient property markets in recent years.”

[smartcode_project:default project_id=108274 project_image_fid=361250]

Multiplex, one of Australia’s largest builders, has been shaping skylines and delivering iconic projects around the world since 1962. In that time, the Tier 1 global contractor has delivered projects with a combined value of more than US$130 billion.

“Having worked with Multiplex on many previous developments, we are pleased to be extending our relationship further with Palmera,” Kutner added.

“Multiplex brings an unparalleled depth of experience to ensure that Palmera fulfils the vision we have laid out for this strategic location and is delivered to the highest standards,” he said.

Multiplex Regional Managing Director Michael Sinclair said Multiplex was delighted to be aligning with Central Equity yet again.

“Central Equity is creating a stunning new addition to the Gold Coast skyline, and we look forward to bringing their vision to life with a world-class construction team and program. We are proud to be working alongside Central Equity on our 20th project together.”

Palmera has been designed by Marchese Partners, with interiors by DBI.

[smartcode_project:default project_id=108274 project_image_fid=361247]

Residents will have private access to extensive, state-of-the-art amenities, featuring two large pools including a generously scaled, family-friendly pool with safe shallow zones, and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day.

Also available exclusively to residents is a sauna, magnesium pool, yoga studio, expansive gym, resident lounge, outdoor BBQ and dining areas. Residents will also be welcomed by concierge and luxurious entry foyer.

Located on Garfield Terrace in Northcliffe, Palmera enjoys a prime coastal position just moments from the patrolled Northcliffe beach and the G:link light rail, providing effortless connectivity along the Gold Coast’s beachfront suburbs, linking the Gold Coast University Hospital in the north with Nobby beach and Burleigh Heads to the south once the extension completes later this year.

[smartcode_project_cta:default project_id=108274]

Central Equity unveils Palmera on Garfield Terrace, Surfers Paradise

The idea of a low-maintenance forever home located close to the city were the two driving factors behind a recent purchaser’s journey at Murcia, the under-construction East Brisbane apartment development by Sarazin.

Last year, Lois and her husband purchased a two-bedroom plus multi-purpose room (MPR) apartment in the new building, which is being constructed by Hutchinson Builders and is on track for completion in late-2027.

[smartcode_project:default project_id=135094 project_image_fid=341638]

The couple’s number one priority was to remain within easy commuting distance of the city for work. Murcia is positioned alongside the new Cross River Rail, with Woolloongabba Station just 300 metres from the front door.

They are currently living in their Annerley unit, which they have owned for several years, after recently moving out of their inner-city apartment, located on the very same street as Murcia.

“We had watched the development for a long time, and when construction activity began, that’s when we felt confident to buy,” Lois said.

[smartcode_project:default project_id=135094 project_image_fid=356540]

The timing also made sense. By moving back into their Annerley unit, they are able to save money ahead of settlement, while looking forward to returning closer to the city once Murcia is complete.

“We see Murcia as a forever home, as opposed to an investment, or something we need to appreciate massively in value and move on from in a few years,” Lois said.

“We secured an apartment large enough to grow a family, so we’re expecting to call Murcia home for a very long time.”

The couple plan to grow their family, but without the added maintenance demands of owning a standalone house further from the city. Working with Sarazin and architect HAL, they were able to slightly tweak the floorplan, converting the two-bedroom plus MPR layout into a functional three-bedroom apartment.

An added bonus was the recently revised communal space plans, which now incorporate a dedicated working-from-home area, complete with work pods, and shared desks.

“It means the third bedroom doesn’t have to become a part-time office and part-time bedroom,” Lois said, adding that residents have the benefit of working from home without actually being inside their apartment.

The rooftop wellness amenity was another standout compared to living in an established complex or a house. A signature feature of Sarazin developments, the rooftop will include a full gym, hot and cold plunge pools, a steam room and sauna, and a hotel-style pool with cabanas.

[smartcode_project:default project_id=135094 project_image_fid=214682]

Buyer journeys can vary significantly, from purchasing in the established market to buying new, or choosing between houses and apartments. Lois said they knew immediately that buying off the plan was right for them.

“We wanted something new, with less maintenance, and we weren’t quite ready to make the full financial leap straight away. The timing and deposit structure gave us the flexibility we needed.”

Designed by HAL Architects and inspired by the Spanish city of Murcia, the development takes a Mediterranean-influenced approach to architecture and landscaping, with a strong emphasis on shared spaces.

“The design feels considered, the amenities support how we actually live, and the location keeps us connected to the city without feeling right in the middle of it.”

Murcia is Sarazin’s second development in the area, following the completion of Silk One just up the road in 2022. They have several more projects coming to market in Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

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Close to the city, built for the future: Inside a growing family’s move to Murcia in East Brisbane

Cronulla apartments

The&nbsp;Ciaran Goodman-led Bronxx has delivered the epitome of luxury to Cronulla's Tonkin Street with their recently completed development, Oasis.

The Australian owned and operated developer builder created Oasis, just 11 waterfront residences, on the foreshore of Gunnamatta Bay.&nbsp;

Adorned with abundant vertical landscaping, the three-bedroom apartments offer uninterrupted views, with natural light flooding the generously proportioned interiors designed by Vic Lake Architects.&nbsp;

[smartcode_project:default project_id=108471 project_image_fid=201879]

The outdoor areas feature natural limestone tiles, complemented by garden elements and decking made from native timber, while the interiors include warm greys and earth tones, with contrasting elements in a darker shade.&nbsp;

There's a collection of two-storey beach house apartments, benefitting from pools, gardens with waterside access, wrap-around terraces, separate family rooms overlooking&nbsp;Monro Park, and ample parking in the form of double lock-up garages.&nbsp;The apartments flow over the whole lower-ground and ground floors, with private lifts or an architecturally designed staircase creating a link between the lounge and upper levels, allowing residents to experience single level living.

Floor-to-ceiling windows adorn the living spaces, while the double-height lounge and dining rooms are equipped with large gas fireplaces.

Two full-floor houses have also been constructed on the site, featuring far-reaching views, butler's pantries, family rooms, a balcony, ensuite and walk-in robes in each of the bedrooms. One of the homes also includes a pool on it's wrap-around terrace, while the two-storey penthouse has a pool on its upper level, with views of the bay and ocean.&nbsp;

[smartcode_project:default project_id=108471 project_image_fid=201884]

Each master suite in the beach house apartments, whole-floor apartments, and penthouse occupies a space typically dedicated to two or more bedrooms in other properties, with stand-alone baths included across each.

The kitchens are equipped with sub-zero refrigerators and Gaggenau cooktops, ovens and microwaves, with each kitchen also featuring a sub-zero wine cabinet.&nbsp;

A limited collection of apartments are still remaining in the completed development, with floorplans spanning from&nbsp;278 sqm through to 657 sqm. Prices on the final residences begin from $5.8 million, topping out at $15 million for the penthouse.&nbsp;

[smartcode_project_cta:default project_id=108471]

The Australian owned and operated developer builder created Oasis, just 11 waterfront residences, on the foreshore of Gunnamatta Bay

alisonwarters@gmail.com

The epitome of luxury: Inside Cronulla's Oasis apartments 

Sutherland Shire locals have staked their claim at Dwell, the Sutherland apartment development by Altitude NSW Pty Ltd.

The $30 million worth of sales means half of the 47 one, two and three-bedroom apartments are already spoken for.

Luke Barbuto, Head of Project Marketing for Highland, says&nbsp;the demand has come from within the local area.

"Many of these buyers are local downsizers and first home buyers, both of which have been enticed by Dwell’s unique location, spectacular architecture, incredible amenity offerings, and beautiful living spaces,” Barbuto said.&nbsp;&nbsp;

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“Reaching 50 per cent sold is largely due to the surge of owner-occupiers who are continuing to drive the demand for apartment living, during a time where vacancy rates are at an all-time low.”&nbsp;

The&nbsp;seven-level project&nbsp;has been architecturally crafted to pay homage to Sutherland's surroundings and features natural materials, neutral tones and a greenery that drapes Dwell's facade.

Remaining&nbsp;one-bedroom&nbsp;residences are priced from&nbsp;$640,000,&nbsp;two-bedrooms from $900,000, and three bedrooms from $1.3 million. 

[smartcode_project:default project_id=140671 project_image_fid=214797]

“Given the rate with which Dwell apartments have been purchased, we expect the remaining apartments to sell out fast,” Barbuto added.&nbsp;

“I think the sales we’ve achieved to date&nbsp;is&nbsp;a strong indication that there is a robust appetite for exceptionally designed high-quality, low maintenance apartment living in the Sutherland region.”

Dwell, which is expected to complete construction in a few months, will also feature a swimming pool, and landscaped garden, and barbecue areas.

On top of the sales, the Flora Street building is achieving a record sqm rate for Sutherland at $13,300 per sqm.

[smartcode_project_cta:default project_id=140671]

Luke Barbuto, Head of Project Marketing for Highland, says the demand has come from within the local area

Sutherland apartment development Dwell hits major milestone as locals drive purchaser activity

Cronulla developer Sammut Group have hit major milestones at two of their&nbsp;

Their $65 million, office and retail development PARC, has broken ground, while their $18 million residential project SALT in South Cronulla, has topped out.

SALT, designed by Innovate Architects, comprises four full-floor luxury apartments each with 143 sqm of internal living space and a further 36 sqm across two large balconies.

Sammut Group Chief Operating Officer Julian Sammut says the residential project is significant for Sammut Group as it links back to the company’s origins.

"We are delighted to mark this significant milestone towards the completion of SALT," Sammut says.

"This project relates back to Sammut Group’s original product, opulent oversized apartments, providing residents with an exclusive lifestyle in a boutique, state-of-the-art development."

Located at 44 Gerrale Street Cronulla, the luxury development adds to the already strong presence Sammut Group has in Cronulla with its future developments, VUE and PARC, only a short distance away.

<img alt="SALT Cronulla" data-entity-type="file" data-entity-uuid="42b2492b-785b-4e8a-b7ec-21535b28d6cf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-13%20at%2012.12.37%20pm.png?VersionId=20sTKuEpJkPAohNGCgJ9TUp7ZdGliliV" />

“We are excited to deliver another landmark development to Cronulla," Sammut added.

"We take a lot of pride in our developments but in particular the ones in our backyard.”

Highland Properties agent David Highland says SALT is a signature product for Sammut Group.

“SALT is a very special project that is synonymous with the Sammut Group brand and quality," Highland says.

Two apartments in SALT still remain, with prices starting from $4.75 million.

<img alt="SALT" data-entity-type="file" data-entity-uuid="8dec93b3-6322-4e7c-bd1c-1c73cf52247a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-13%20at%2012.13.21%20pm.png?VersionId=5xh9UyeN3iyASk8ywd1ONeJtRlGBz5_V" />

SALT is expected to complete construction towards the end of this year.

RAW Constructions, a family-operated construction company, is handling the build of SALT, which is expected to complete construction toward the end of the year.

The same building firm are construction Sammut's mixed-use commercial and hospitality development, PARC, where they've just broken ground.

Also designed by Innovate Architects, the $65 million development comprises seven storeys with a two-level multi-venue hospitality space soon to be operated by Feros Group, and five levels of commercial space. A further floor will be dedicated to a co-working space operated by Sammut Group.

<img alt="PARC" data-entity-type="file" data-entity-uuid="679d1539-6f66-4360-ab0a-d5251b2807c7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-06-13%20at%2012.13.40%20pm.png?VersionId=vvp_qPo2ALB_gjjOOZfoPj7LmgMk4n2W" />

Located at 138-142 Cronulla Street, PARC will take full advantage of its park-side location, with various suites at all levels taking in green views over the open space.

Sammut says PARC is delivering a much-needed level of commercial office space to the area and further demonstrates Sammut Group’s long-term commitment to Cronulla.

“Cronulla is our home and we feel a strong sense of responsibility to elevate the area, by providing a portfolio of premium offerings where people can live, work, and play,” Sammut says.

Sammut Group is currently delivering a $835 million pipeline across Cronulla and the Gold Coast. Current projects include VUE, PARC and COAST and the soon-to-be-released PALM.

Sammut Group Chief Operating Officer Julian Sammut says the residential project is significant for Sammut Group as it links back to the company’s origins

Cronulla apartments

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