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."

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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.

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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.

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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.

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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.

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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.”

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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.

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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.

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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.

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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.

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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.

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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

Gold Coast off the plan apartments

Gold Coast development partners Tim Gordon and Bruce Mathieson have revealed their latest project, <a href="https://www.apartments.com.au/new-apartments/elle-on-jefferson-palm-beach-62-64-jefferson-lane-palm-beach-qld-4221">Elle on Jefferson</a>, and at the same time announced the start of construction of the coastal project.

Early works are underway at the prime Jefferson Lane site that will host 58 apartments across an 11-storey building when completed in mid-2027.. The apartments&nbsp;will be released to the market in stages as the building rises just metres from the beachfront and the neighbouring Pavilions Palm Beach retail precinct.

Elle on Jefferson follows the development duo’s success at The Spit, where their $400 million ultra-luxe The Mantaray Marina &amp; Residences, celebrated its topping out in August.

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<a href="https://www.apartments.com.au/developers/gordon-corp">Gordon Corp</a> Director Tim Gordon said the local Palm Beach market was ‘very in tune’ with the opportunity.

“Jefferson Lane is a prized location because of its proximity to the beachfront, dining and retail,” Gordon said.

“What we’re delivering with Elle on Jefferson is a complete lifestyle offering, combining one of the Coast’s most tightly held addresses with the confidence that construction is already underway. That certainty is what gives buyers assurance, and it’s why demand has been so strong."

Gordon said luxury isn’t just about location, it’s in the detail.

"We’ve partnered with Cottee Parker to deliver a design outcome that prioritises wellness and liveability, ensuring Elle reflects the elevated approach our buyers expect."

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Bruce Mathieson Jnr. said the growing waitlist for the first release of apartments was a strong endorsement of the project’s exceptional location, design and early commencement of construction.

“Our family’s partnership with Tim Gordon has always been about backing A-grade projects on the Gold Coast,” Mathieson said.

“Elle brings confidence to the market by combining quality design with the certainty of delivery that comes with an expert construction team. It’s exactly the kind of project the city needs as it grows, and we’re proud to support it.”

Gordon Corp Sales and Marketing Director, Lara Dimond, said the strong level of enquiries were dominated by local owner-occupiers.

“Buyers have been telling us they want apartments that feel like real homes, not generic offerings. That’s why we’ve refined every detail with our interiors team, led by Sue Hiscox, to offer spacious master suites, generous robes and ensuites, and kitchens and living areas that maximise the ocean views."

Dimond says this approach extends through the two and three-bedroom floor plans and into the resident amenities, which include a 15-metre lap pool, sauna and steam rooms, hot and cold plunge pools, and a high-end gymnasium.

“The architecture has been carefully considered to deliver both privacy and a sense of retreat, within a vibrant coastal precinct. It has been curated for those ready to downsize without compromise.”

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Elle on Jefferson is being delivered by the group’s own construction arm, Gordon Corp Construction, drawing on trusted partnerships that have been in place for more than 30 years.

“Gordon Corp Construction is built on decades of trusted relationships,” Gordon said.

“We’ve combined our development expertise with an exceptional network of long-term partners, ensuring our projects meet the highest standards of quality and integrity.”

Recent data shows that Gold Coast is now the most expensive place in southeast Queensland to build high-rise developments, largely due to increasing construction prices driven by labour shortages and the cost of building materials.

Two-bedroom apartments at Elle on Jefferson are priced from $1.75 million. Three-bedroom residences start from $3.1 million.

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Gordon Corp and Mathieson family reveal, and start building, Elle on Jefferson in Palm Beach

Joint venture partners&nbsp;<a href="https://www.apartments.com.au/developers/amalgamated-property-group">Amalgamated Property Group</a>&nbsp;(APG)&nbsp;and&nbsp;<a href="https://www.apartments.com.au/developers/base-developments">Base Developments</a>&nbsp;have kicked off construction&nbsp;on its second Gold Coast apartment tower, Affinity Broadbeach, which is due for completion in early 2028.

More than 50 per cent of the 180 two- and three-bedroom apartments have sold, with buyers particularly impressed by&nbsp;the spacious and functional floor plans, close proximity to the beach, premium inclusions, and expansive resort-style amenities.

APG has just released a new limited collection of three-bedroom skyhomes with three living rooms and four bathrooms.

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Graham Potts, Principal and Founding Director Amalgamated Property Group, said the strong demand for <a href="https://www.apartments.com.au/new-apartments/affinity-broadbeach-40-46-chelsea-avenue-broadbeach-qld-4218">Affinity Broadbeach</a> highlights a genuine need for affordable luxury residential developments on the Gold Coast.&nbsp;

“It’s exciting to see construction kick off on this sought-after project which is set to create a new benchmark in luxe coastal living on the Gold Coast," Potts said.

"Buyers are attracted by the seamless blend of convenience and elegance that Affinity offers, together with the knowledge that our 20-years of industry experience ensures we continue to deliver homes to the same high standards our reputation has been built on."

Capital Construction Queensland, the inhouse construction arm of APG, is handling the building. Potts says having the internal build capability provides buyers with confidence in delivering a high-quality building, referencing Amaya Broadbeach which is nearing completion nearby.

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Carly Cottam, CEO of <a href="https://www.apartments.com.au/project-marketer/motiv">MOTIV</a> Group which is selling Affinity, says there's a clear undersupply of property across Southeast Queensland and an even greater shortage of well-designed, spacious residences.

"That’s why Affinity has attracted such strong demand," Cottam says.

"Every detail, from the intricate finishes to the intelligent spatial planning, has been crafted for the discerning owner-occupier. Beyond the residences, the amenity is designed as a true extension of the home."

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Affinity’s superior amenities are resonating with buyers who are impressed by the range on offer, from the expansive outdoor heated pool, to the state-of-the-art gym, steam and sauna facilities, outdoor entertaining terraces, and a business centre.

"The offering reflects exactly what buyers are seeking when right-sizing or upgrading - spacious residences complemented by curated residential amenity, all within moments of the beach and vibrant retail and dining precincts,” Cottam added.

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Dennis Milin, Principal of Base Developments and Milin Builders, and Director of Capital Constructions Queensland, said the team is excited to deliver another collection of premium homes in the heart of Broadbeach.

"With more than three decades of proven success in construction and development, our award-winning portfolio across the ACT and NSW speaks for itself, now further demonstrated by the strong progress at Amaya Broadbeach on First Avenue in Queensland,"&nbsp;Milin said.

“In partnership with a highly regarded team of designers, engineers and trades, and supported by our experienced Gold Coast construction professionals, we remain committed to delivering projects defined by quality, timeless design and uncompromising standards."

Early works at Affinity are already advancing, with guide walls for shoring and bulk excavation underway.

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With a proven track record in large premium projects, APG has been developing residential and commercial property across Australia for more than 20 years. APG and Base Developments are the same duo behind the successful Amaya Broadbeach, currently under construction on First Avenue and due for completion in early 2026, as well as a number of other successful joint developments in Canberra, including Botanical in Turner, Kiara in Narrabundah, Ivy in Woden, and the three-tower Oaks precinct in Phillip.

APG is currently building <a href="https://www.apartments.com.au/new-apartments/the-eastbourne-on-commonwealth-park-62-constitution-avenue-parkes-act-2600">The Eastbourne</a>, 349 homes, a premium office building, and a retail and dining precinct at ANZAC Park East.

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Amalgamated Property Group and Base kick off construction at Affinity Broadbeach

The small southern Gold Coast suburb of Bilinga rarely sees new apartment developments.

The last launch was Pipis in late 2023 — a boutique project of just 19 half- and full-floor beachfront apartments. Opportunities to buy into a development with more affordable configurations are few and far between.

Enter <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> — 47 two- and three-bedroom apartments priced from just under $1.2 million.

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Developed by <a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a>, Bilinga House is located on Golden Four Drive, just 200 metres from Bilinga Beach.

Designed by renowned architecture firm <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the five-storey building embraces a soft, neutral palette to maximise natural light and capture sea breezes. Floorplans feature generous built-in storage, contemporary kitchens, and master suites with ensuites.

Residents will enjoy access to a pool, gym, and sauna, along with professional onsite management. Each apartment includes at least one secure basement car space.

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Location is one of Bilinga House’s biggest drawcards. The fact that it’s not absolute beachfront means pricing is considerably more affordable. Many apartments still offer beach and ocean views, and the sand is just a short 200-metre stroll away.

Another bonus for off the plan buyers is the proposed Stage 4 extension of the Gold Coast Light Rail, which will run along Golden Four Drive to Coolangatta and Kirra — arguably the most transformed pocket of the southern Gold Coast over the past five years. Bilinga House is also just a short walk from the North Kirra Surf Life Saving Club.

The line will also connect to Broadbeach, Surfers Paradise, Main Beach, and as far north as Helensvale, where there’s a train link to Brisbane.

Construction will be undertaken by renowned builder <a href="https://www.apartments.com.au/builders/greyburn">Greyburn</a>, with completion targeted for late 2027.

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Bilinga House launches in booming southern Gold Coast pocket

The surge in affordability-led developments in Palm Beach is continuing with the recent launch of Corallo, where prices start from just over $800,000.

International developer&nbsp;<a href="https://www.apartments.com.au/developers/changfa-group">Changfa</a>&nbsp;has tapped into a pocket of relative affordability to the west of the Gold Coast Highway, where apartments can be sold at considerably lower price points than on the eastern side of the Gold Coast Highway.

Coralla, at 5 Palm Beach Avenue, just 130 metres to the beach, will rise 21 storeys and home 105 one-, two-, and three-bedroom apartments, as well as four exclusive penthouses. Several of the one and two-beds offer an additional study.

&nbsp;

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Designed by <a href="https://www.apartments.com.au/architects/plus-architecture">Plus Architecture</a>, Corallo brings together soft coastal materials and sculptural forms to deliver a distinctly contemporary interpretation of beachside living.&nbsp;

Interiors are anchored by a refined natural palette, with fluted stone island benches, engineered timber flooring, and brushed copper finishes.&nbsp;Buyers can select from two interior schemes, each designed to suit both owner-occupier preferences and long-term coastal durability.

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The four penthouses each span two levels and offer nearly 330 sqm of indoor and outdoor living. They feature rooftop terraces with private plunge pools,&nbsp;outdoor kitchens, and fire pit areas.

&nbsp;

The resident amenity is being positioned on level two, looking across to the beach opposite. That will feature a&nbsp;wet-edge pool, cold plunge, gym, sauna, steam room, yoga deck, fire pit and day beds.&nbsp;

A residents lounge and work-from-home zones are located on Level 3, while five commercial tenancies at podium level introduce retail and dining options to the corner of Palm Beach Avenue and the Gold Coast Highway.

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Corallo enters the <a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> market at a time of renewed focus on owner-occupier-driven design and lifestyle amenity. The suburb has seen increasing demand from downsizers and local buyers seeking proximity to the beach, walkable dining, and low-maintenance living without compromising on space.

The development’s location places residents within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away, enhancing appeal for both owner-occupiers and short-stay users.

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Corallo enters the Palm Beach market at a time of renewed focus on owner-occupier-driven design and lifestyle amenity

Coastal convenience minus the price tag: Changfa launches Corallo Palm Beach

Brisbane-based developer and builder, Gardner Vaughan Group, is expanding its foothold across South East Queensland.

Already one of the most established builder-developers in both Brisbane and the Sunshine Coast, Gardner Vaughan is now making its move into the Gold Coast.&nbsp;

They've secured a site on Mawarra Street on Chevron Island, and will soon submit plans for <a href="https://www.urban.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a>,&nbsp;119 apartments tailored for the modern coastal lifestyle.

The project, due to launch in early 2026, includes a curated selection of one-, two-, three-, and four-bedroom apartments.&nbsp;Two ground-floor retail tenancies will complement the vibrant village atmosphere of Chevron Island.

Designed with downsizers in mind, Bronze on Chevron&nbsp;will reflect GVG’s signature focus on quality, livability, and enduring design, principles that have earned the company a loyal following throughout the Sunshine Coast, Brisbane and Moreton Bay regions.

“Our entry into the Gold Coast is both a strategic and natural evolution of our business,” said Simon Betteridge, Chief Executive Officer of GVG.

“We’ve long admired the Gold Coast’s lifestyle offering, cultural vibrancy and strong demand for thoughtfully designed homes. We’re excited to bring our approach to development into this dynamic market.”

GVG’s move into the Gold Coast builds on the success of a series of landmark developments across South East Queensland including Zinc in Bokarina, Renovaré in Yeronga, Estilo on the Park in Chermside, and Stonebrook in Stones Corner.

With a fully integrated in-house model - managing everything from site acquisition through to construction and sales - GVG has built a reputation for reliability and proudly maintains a 100% project completion rate.

“We’re not just entering a new postcode - we’re becoming part of a new neighbourhood,” added Betteridge.

“Our goal is to create places people are proud to call home, and we’re looking forward to working closely with local stakeholders to deliver on that promise.”

Bronze on Chevron, due to launch in early 2026, will comprise 119 apartments and two ground-floor retail tenancies

Gardner Vaughan Group reveals Bronze on Chevron, first Gold Coast apartment play

<a href="https://www.apartments.com.au/developers/bassar-group">Bassar Group</a> has been given the green light by the Gold Coast City Council for Avva Broadbeach, a 33-level tower that will introduce 56 half and full-floor apartments to one of the area’s most in-demand coastal precincts.

<a href="https://www.apartments.com.au/new-apartments/avva-19-anne-avenue-broadbeach-qld-4218">Avva</a> marks the developer’s next move in Broadbeach following the success of Infinity, which sold out before construction completed in 2023.

Designed again by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, Avva will deliver two expansive 166 sqm apartments per floor, each offering three bedrooms, catering to the growing owner-occupier segment seeking generous layouts in prime beachside locations.

Sales will kick off early next year, after construction has commenced.

<img alt="First look: Bassar Group plot next Broadbeach tower" 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/Screenshot%202025-02-28%20at%202.05.20%E2%80%AFPM.png?VersionId=dV3x91xH8xvn3Arl5LktpKnCVHjNQlQH" />

Bassar Group Director Leo Sarris announced the approval, expressing pride in adding to the suburb he calls home. “These 56x3 bedroom, 2 per floor apartments will be a wonderful addition to an otherwise amazing suburb I'm so proud to call home,” Sarris said.

Avva’s design language embraces a modernist approach, featuring angular expressions and a striking tower form intended to resonate with the coastal context. BDA Architecture describes the building’s silhouette as “visually interesting angles to passers-by,” creating movement and depth on the streetscape.

Residents will have access to a range of lifestyle amenities integrated across the podium levels. Plans include a lap pool with day beds, a wellness area with gym, yoga deck, hot and cold plunge pools, as well as sauna and steam room facilities.

<img alt="First look: Bassar Group plot next Broadbeach tower" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-02-28%20at%202.04.28%E2%80%AFPM.png?VersionId=mbXzqdPl9Imy2oiTpptYLOiby5RCbSod" />

Replacing the 1970s MaxMar apartment block at 19 Anne Avenue, the project site was amalgamated by GV Property Group’s Luke Reaby, who brought together eight individual owners across a 1,032 sqm parcel.

Sarris previously told Apartments.com.au that the goal was to offer large, functional apartments without overcomplicating the product, helping to keep prices competitive amid a more cautious market environment.

With demand from southern state buyers now tapering compared to the COVID-era surge, Avva is expected to attract predominantly local interest, aligning with current shifts toward owner-occupier-led apartment living on the Gold Coast.

[smartcode_project_cta:default project_id=149371]

First look: Bassar Group approved for Avva Broadbeach

In a record-breaking deal that underscores the strength of the Gold Coast luxury market, Queensland developer <a href="https://www.apartments.com.au/developers/sherpa-property-group">Sherpa Property Group</a> has shattered the Chevron Island price record with the $10 million-plus off the plan sale of a penthouse at its <a href="https://www.apartments.com.au/new-apartments/perspective-helm-107-stanhill-drive-chevron-island-qld-4217">Perspective Helm</a> development.&nbsp;

With Penthouse 10 now sold, only Penthouse 9 remains available in the boutique block of 10.

The record-breaking sale surpasses the previous <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a> high of $9 million, achieved by the Chevron One penthouse in 2022.&nbsp;

The buyers of Penthouse 10 are private residents from Brisbane.&nbsp;

[smartcode_project:default project_id=143018 project_image_fid=313578]

Sherpa’s founder Christie Leet said the sale reinforces the scale, exclusivity, and prestige of Perspective Helm, located in one of the Gold Coast’s most tightly held waterfront precincts.

“We’ve seen strong momentum for sales at Perspective Helm, with 90% of residences now sold, and to have secured a contract on one of the penthouses is a significant milestone,” said Leet.

“This result not only reflects the extraordinary calibre of Perspective Helm but also demonstrates ongoing buyer confidence and the robust demand for premium property across the Gold Coast.”

Leet said releasing Penthouse 9 to the market represents a rare chance to secure one of the most significant residences ever delivered on Chevron Island.&nbsp;

“It’s the last opportunity to own a residence of this calibre in what is arguably one of the most coveted waterfront addresses on the Gold Coast,” said Leet.&nbsp;

“We don’t expect Penthouse 9 to remain available for long; there is nothing comparable on the market right now.”&nbsp;

&nbsp;

Penthouse 9, priced at $9.99 million,&nbsp;spans 793 sqm across two levels. It will have four bedrooms and four bathrooms, as well as a powder room, a cinema, a multipurpose room, and a four-car lock-up garage. There is also a 60-foot private Marina Berth included.&nbsp;

Designed for upscale entertaining, the penthouses boast indoor and outdoor living spaces, featuring a fully equipped outdoor kitchen, barbecue, private pool, pizza oven, and fire pit.

&nbsp;

“Every detail of these penthouses has been meticulously crafted to offer an indulgent lifestyle, where effortless luxury meets serene sophistication,” Leet added. &nbsp;

Perspective Helm is currently under construction and is scheduled to be completed in October 2025.

[smartcode_project_cta:default project_id=143018]

Sherpa’s founder Christie Leet said the sale reinforces the scale, exclusivity, and prestige of Perspective Helm, located in one of the Gold Coast’s most tightly held waterfront precincts

Sherpa smashes Chevron Island record with $10 million Perspective Helm sale

One of the Gold Coast’s most significant master-planned projects has been given the green light to proceed, with the Gold Coast Turf Club, in partnership with Aquis Australia, forging ahead with its billion-dollar lifestyle precinct following a positive resolution with community stakeholders.&nbsp; 
&nbsp; 
Originally <a href="/news/qld/gold-coast-turf-club-redevelopment-given-the-all-clear">approved by Council in August 2024</a>, the development, delivered under the Sunlight Lifestyle Precinct banner, is a joint venture between the Gold Coast Turf Club and Aquis.&nbsp; 
&nbsp; 
Sunlight Lifestyle Precinct will transform approximately two hectares of land adjacent to the Turf Club into a <a href="/new-apartments/lots-3-4-racecourse-drive-2-ascot-court-bundall">vibrant mixed-use destination</a> featuring residential, retail and elevated entertainment offerings.&nbsp;

<img alt="Turf Club" data-entity-type="file" data-entity-uuid="1188b053-7065-4922-830a-f56e728f535e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.54.41%E2%80%AFAM.png?VersionId=gaPO3LFzIpKlhs1kLrBIW4vWkYWry1z_" /> 
&nbsp; 
The announcement marks a new and exciting phase for the Turf Club, following a series of recent infrastructure upgrades, including a major track redevelopment and the introduction of night racing, setting the stage for the next evolution of the entertainment precinct.&nbsp; 
&nbsp; 
“This is a fantastic outcome for the Gold Coast,” said Steve Lines, CEO of the Gold Coast Turf Club.&nbsp; 
&nbsp; 
“We’ve taken a careful, considered approach from day one, and the outcome reflects that.&nbsp; 
&nbsp; 
“This has never been about moving fast. It’s about doing it properly, and with the community beside us. To have that support, and the backing of Gold Coast City Council and the State Government, gives us the confidence to now take the next step.”

<img alt="Steve Lines &amp; John Fung" data-entity-type="file" data-entity-uuid="71ff5879-6a64-469a-81ef-7809209980d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Steve%20Lines%20%26%20John%20Fung.png?VersionId=0vHUYvhKsVz2wliQFR0V7S.fqlfvGRQ5" />

The masterplan – designed in collaboration with international and local experts, including Woods Bagot – will include short-stay accommodation, apartments, wellness and fitness spaces, market-style food and retail, rooftop pools, sky gardens, and immersive tropical gardens. &nbsp; 
&nbsp; 
The precinct is designed to complement the Turf Club’s vision to create a world-class entertainment precinct in the cultural heart of the city.&nbsp; 
&nbsp; 
The project is being led by John Fung, son of Aquis founder Mr Tony Fung, who will now oversee the delivery of Sunlight&nbsp; 
&nbsp; 
“We’re incredibly proud to be part of such a transformative vision,” Mr Fung.&nbsp; 
&nbsp; 
“Sunlight will be more than a precinct; it’s a chance to create a lasting destination that captures the spirit of the Gold Coast. Our team is energised and working closely with the Turf Club to take the project to market.”

<img alt="Turf Club" data-entity-type="file" data-entity-uuid="63cb632e-e868-45cc-ab81-bf2caad5d898" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-07-02%20at%209.54.37%E2%80%AFAM.png?VersionId=e1KSCAtcjoLtaK8.daA.y4PzkdpNnLlQ" /> 
&nbsp; 
The Turf Club extended a special thanks to the City of Gold Coast and the Queensland Government for their continued support throughout the appeal process. &nbsp; 
&nbsp; 
“We’re proud to have resolved matters in a way that satisfies our local stakeholders and allows us to move forward with certainty,” Lines added.&nbsp; 
&nbsp; 
“The support from the community has been excellent. Everyone’s aligned, the wheels are now turning, and we are looking forward to delivering a truly world-class community asset that will generate hundreds of millions of dollars for the Gold Coast.”&nbsp; 
&nbsp; 
With key approvals now in place and only minor planning refinements remaining, preparations are progressing for a formal public launch of the project.&nbsp; 
&nbsp; 
“Sunlight will be a place to live, stay, visit and play – and it’s unlike anything currently on offer in this part of the Gold Coast,” said Fung.&nbsp; 
&nbsp; 
“We look forward to revealing more soon.”

Community stakeholder resolution paves way for new multi-billion dollar Gold Coast Turf Club precinct

The first Queensland budget under the Crisafulli Government places a strong emphasis on housing, with several major policies aimed at shifting from short-term fixes to long-term structural reform.

Treasurer David Janetzki described the housing package as part of a “fresh start,” focused on restoring affordability, boosting supply, and promoting economic security through increased home ownership.

Among the headline initiatives is the $165 million “Boost to Buy” scheme, a shared equity program that will provide up to 30 per cent equity for new homes (and 25 per cent for existing homes) valued up to $1 million. The scheme is open to households earning up to $225,000 and is designed to reduce the deposit burden for first home buyers. Registrations of interest open from 1 July 2025.

This initiative complements the extension of the $30,000 First Home Owner Grant until June 2026, applicable to new builds, and comes alongside the abolition of stamp duty for first home buyers purchasing a new home.

[smartcode_project:default project_id=109146 project_image_fid=1015]

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership.

“We called for expanded access to shared equity because we know high deposit hurdles are keeping aspiring buyers from getting onto the property ladder,” Mercorella said.

“With suitable income eligibility thresholds of $225,000 for couples and $150,000 for singles and a statewide property value cap of $1&nbsp;million, the scheme reflects modern property prices across Queensland and makes it the most attractive in the nation."

In Greater Brisbane, the annual median house price is $895,000, and in the Brisbane LGA it's $1.21 million. Even for units, annual median unit prices are $770,000 and $735,000 for the Gold Coast and Sunshine Coast respectively.

[smartcode_project:default project_id=113271 project_image_fid=290045]

“The generous cap ensures the scheme is relevant in all corners of our state including high-demand areas like Brisbane, the Gold Coast, and Sunshine Coast, where the median house price now sits above $1 million. Without this adjustment, the scheme risked being out of touch with the reality faced by many first home buyers today.

“With limited placements and a strict focus on first home buyers, this is a measured and proportionate support mechanism. It represents a small share of overall market activity, is unlikely to distort demand, and may assist in rebalancing housing pressure by helping some renters transition into ownership."

[smartcode_project:default project_id=136432 project_image_fid=604]

Property Investment Professionals of Australia (PIPA) Chair Nicola McDougall praised the package as a market-aware and practical approach.

“Helping Queenslanders achieve property ownership was front and centre in the 2025–26 State Budget,” McDougall said.

“The Boost to Buy scheme and enhanced grants are pragmatic and market-aligned initiatives. The property price and income thresholds are more in line with market and economic realities, clearly indicating that the Queensland Government is serious about addressing the housing crisis and helping more young people achieve property ownership.”

Beyond direct buyer support, the Budget commits $2 billion to the Residential Activation Fund, with $1 billion allocated in the first year. This fund is aimed at fast-tracking trunk infrastructure, like water, power, and transport connections, for shovel-ready housing developments in both infill and greenfield areas.

The government has also earmarked $5.6 billion for new social and community housing, with a target of 53,500 new homes by 2044, and is investing $31.3 million in 13 new Regional Plans to support projected population growth and urban planning coordination.

McDougall highlighted the importance of long-term investor participation in underpinning Queensland’s rental housing supply.

“PIPA welcomes the opportunity to discuss policies that will not only encourage more property investors into the market but also motivate them to stay for the long-term,” she said.

“Removing stamp duty disparities between owner-occupiers and investors, and updating land tax thresholds to match today’s values, would be simple but powerful next steps.”

REIQ CEO Antonia Mercorella said broadening the ‘Boost to Buy’ scheme was a smart, timely step to match market conditions and help more Queenslanders take their first step into home ownership

Boost to Buy: Queensland Budget targets first home buyers in high-price market

Builder-developer 5Point has received an unprecedented uplift at its under-construction luxury new Palm Beach apartment development, Ophira Palm Beach.

The significant planning approval allows 5Point to increase the building height and add another two full-floor apartments to the exclusive development on the Jefferson Lane beachfront, enhancing what was already one of the most anticipated absolute beachfront apartment offerings on the southern Gold Coast with sales prices averaging in excess of $7 million.

When first launched last year, five of the then-eight apartments were snapped up within just a few months, by local downsizers.

Only one of the full-floor apartments remains for sale, with the two-level penthouse currently under negotiation.

<img alt="web living" data-entity-type="file" data-entity-uuid="abc1eef9-cde1-4b56-af4d-b3e43403ab60" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/WEB_type_b_living___dining_ophira_option_1_3D_render_by_VV.jpg?VersionId=WHQyVek5KPIeBIyCyJ1oD51ovuSM_mKR" />

5Point Projects Managing Director Damian Dove said the uplift was a major milestone for Ophira and 5Point, demonstrating that when the Gold Coast City Council’s strategic planning guidelines have been met, there is an acceptance for this type of development along the coastline.

“We had gone for low density, low occupancy in the original scheme,” Dove says, adding that it was their plan to go for the uplift to 12 levels.

“We were confident that if the building was designed for the downsizer in the luxury market space we would be able to meet city plan’s framework objective.”

Dove believes the approval will sit as a benchmark for what the local council and community will accept for future development along the beach.

“I am hopeful that Palm Beach will benefit as a result whereby great design and planning will continue to enhance the beachfront landscape.”

<img alt="Ophira" data-entity-type="file" data-entity-uuid="b135701f-aa1e-467d-a666-f5ec112f8010" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-06-18%20at%203.06.03%E2%80%AFPM.png?VersionId=QtvRNlHySLdvGnnV0Y8hhbi91gU8zvWW" />

Each full-floor residence will offer between 294 sqm to 322 sqm of internal and external living space, including balconies with uninterrupted ocean views. They will have three ensuited bedrooms, display wine storage, and a scullery off the kitchen.

Ophira’s two-level penthouse will deliver 516 sqm of internal and external living space, comprising four bedrooms, four-and-a-half bathrooms, and its own private lift, bar and outdoor entertainment area featuring a pool, sauna, and sundeck.

Dove says the strong sales received to date is a testament to the design by BDA, the clever configurations of the floorplans to hero the beachfront setting, and the timeless luxury architectural fixtures and finishes.

“As with each of our projects, we wanted to create something that differentiated itself from the market," Dove said.

“We are passionate about creating spaces that resonate with the unique essence of Palm Beach while meeting the evolving needs of modern living."

<img alt="Superman" data-entity-type="file" data-entity-uuid="519e4360-f8a1-420d-a776-fd9e5293b617" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/WEB_superman_ophira_3D_render_by_VV.jpg?VersionId=9Www51ROXAiqgI.oDQuELXRjdko6AtmP" />

Since bringing development in-house to their already well-established construction business, 5Point has a proven capability and success. They have over $160 million of apartments under contract on Jefferson Lane alone.

Their second Jefferson Lane development, Palm Shores, just 400 metres up the road from Ophira, sold eight of its 16 residences in just four weeks. Now 12 have sold, leaving just four remaining, including a unique four-bedroom two-level beach home that offers direct beach access.

[smartcode_project_cta:default project_id=138441]

5Point Projects Managing Director Damian Dove believes the approval will sit as a benchmark for what the local council and community will accept for future development along the beach.

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