UAE-based developer Arada has unveiled plans for a $2 billion twin-tower apartment development in Broadbeach, marking its first move into Queensland as it continues its rapid expansion across Australia.

Arada will develop 952 apartments across two towers on a prominent site opposite the Gold Coast Convention and Exhibition Centre, with the project targeted for completion ahead of the Brisbane 2032 Olympic and Paralympic Games.

The project represents Arada's largest commitment to the Australian market since arriving in the country in 2024 and significantly expands a local pipeline that has now grown to eight projects and more than 5,000 homes.

It will also be the first major Queensland project delivered by Roberts Co since the tier-one contractor was acquired by Arada Group in 2025.

Plus Studio has designed the Broadbeach development, which will comprise one, two and three-bedroom apartments across two towers connected by a landscaped podium.

A significant resident amenity offering will include lagoon and lap pools, a gym, sauna and steam room, alongside a mist room, infrared room and salt scrub facilities. Communal terraces, private dining areas, a library, residents' lounge and work-from-home spaces are also planned. Around 1,200 sqm of retail and hospitality space will occupy the ground floor.

The site puts Arada in one of the Gold Coast's most active apartment markets, directly opposite the convention centre and within walking distance of Pacific Fair, The Star Gold Coast and Broadbeach's dining and retail precinct.

It also has immediate access to the Gold Coast light rail network and sits just a few blocks from the beach.

Arada Group Chief Executive Ahmed Alkhoshaibi said Broadbeach represented an opportunity for the developer to expand beyond its initial NSW pipeline.

“Broadbeach is a world-class address that gives us the canvas to create a community of exceptional design and lifestyle quality that genuinely enriches the daily lives of the people who call it home,” Alkhoshaibi said.

“This is our first development outside New South Wales, and it reflects our growing ambition to grow in key urban markets around the country.”

Alkhoshaibi said bringing Roberts Co into the project would give Arada greater control over the development and construction process.

“Delivering this project through Roberts Co, our own tier-one construction business, means we can bring the quality, pace and accountability that our buyers expect.”

The move into Broadbeach comes as Arada accelerates its Australian expansion following its entry into the market two years ago. The developer has assembled a pipeline of eight projects comprising more than 5,000 homes, while the acquisition of Roberts Co last year gave the group its own Australian construction capability.

Globally, Arada has a development portfolio valued at $50 billion comprising more than 55,000 homes across the UAE, United Kingdom and Australia.

The Gold Coast is emerging as the next major market for the developer, with strong population growth and infrastructure spending ahead of the 2032 Games continuing to underpin significant apartment development across the coastal strip.

Joel Robinson

Arada plots $2 billion Broadbeach towers in major Queensland move

Sydney’s downsizer market is changing, with a growing cohort of buyers prioritising the right home over simply finding a smaller one.

Coronation Property Head of Sales Cam Porter says the traditional idea of downsizing does not necessarily reflect what many buyers are now looking for, particularly those moving from established family homes across Sydney.

Instead, he says they are increasingly becoming “right-sizers”, seeking lower-maintenance homes without sacrificing the space, amenity or quality they have become accustomed to.

“We are increasingly seeing buyers who are not motivated by the idea of simply moving into a smaller property,” Porter says.

“They are right-sizers. They want a home that is easier to manage and better connected, but they still expect generosity, quality and a floorplan that supports the way they live.”

It is a subtle but important distinction in a market where apartment developers are increasingly targeting established owner-occupiers.

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For many of these buyers, moving from a house to an apartment is not driven by a desire to dramatically reduce their living space. Instead, the appeal is in removing some of the maintenance associated with a larger home while retaining generous living areas, storage and enough flexibility to accommodate family and friends.

Coronation’s sales team is seeing buyers place particular importance on natural light, practical storage and additional rooms that can be used as guest bedrooms, home offices or secondary living spaces.

Kitchens and dining areas are also playing an increasingly important role, particularly for buyers who regularly entertain or have children and grandchildren visit.

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“These buyers still want their home to feel generous,” Porter says.

“They may want less maintenance, but they are not looking for less life.”

The challenge for the broader housing market is providing enough of the right stock to encourage that move.

While much of the discussion around Sydney’s housing shortage has centred on the number of homes being delivered, Porter says the diversity of those homes is equally important.

Older homeowners can remain in large family houses for longer when they cannot find an appropriate alternative in the neighbourhoods where they have built their lives.

“The decision is rarely as simple as wanting fewer bedrooms,” Porter says.

“People are weighing up their connection to a neighbourhood, the space they need for family, the quality of the home and whether it will continue to work for them over the long term.”

It also has implications beyond the downsizer market. Providing suitable apartments for smaller households can free up established houses for families who need the additional bedrooms and land, creating greater movement through the housing market.

<h2>Lillian targets the next stage of apartment buyer</h2>

It is a buyer Coronation is targeting at <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, its new collection of apartments, terraces and penthouses at Erskineville Village.

Designed by Silvester Fuller, Lillian has been shaped around larger living spaces, natural light and flexible floorplans, alongside landscaped areas, wellness amenity and communal spaces for residents.

The development will form part of Coronation’s broader Erskineville Village precinct, which will combine new homes with green space, retail, hospitality and new pedestrian connections.

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McPherson Park will sit at the centre of the precinct, creating a significant new green space alongside the project’s retail and hospitality offering.

For Porter, the opportunity is to give buyers another housing option without forcing them to leave the part of Sydney they already know.

“People should be able to change the type of home they live in without having to change their entire life,” he says.

“For many buyers, Lillian offers the opportunity to remain connected to the Inner West and the city, while gaining access to a more convenient, walkable and considered way of living.”

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Coronation will explore the changing <a href="https://lillianresidences.com.au/news/lillian-x-space-x-downsizers-event-27-august/">right-sizer market at an event on August 27</a>, bringing together experts across property, design and lifestyle.

Held in partnership with SPACE, Poliform and Downsizer.com.au, the event will include a property market outlook from economist Michael Blythe alongside discussion around the considerations facing buyers planning their next move.

Attendees will also be able to learn more about the residences and amenity planned at Lillian Erskineville.

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From downsizing to right-sizing: What Sydney buyers want from their next home

Family-owned builder and developer <a href="https://www.apartments.com.au/developers/omaya">Omaya</a> is bringing its 27-storey The Maybelle development to market, with the 229-apartment tower rising alongside Ismay Reserve near North Strathfield.

<a href="https://www.apartments.com.au/new-apartments/the-maybelle-21-parramatta-road-homebush-nsw-2140">The Maybelle</a> will comprise one, two and three-bedroom apartments, with its height providing elevated outlooks towards the Sydney skyline and Harbour Bridge, while other residences will look across neighbouring Ismay Reserve.

Designed by <a href="https://www.apartments.com.au/architects/squillace-architects">Squillace Architects</a>, the tower combines its parkside setting with proximity to the established retail, dining and transport amenity around North Strathfield.

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Residences will feature open-plan living spaces and a choice of two interior schemes, while communal amenity is spread across two elevated levels of the building.

Level 8 will be home to the Garden Pavilion, a full-floor resident space incorporating communal entertaining and breakout areas, seating and recreation spaces. Further up the tower, a landscaped Sky Terrace on Level 14 will provide another communal area with panoramic views towards the Harbour Bridge and Sydney skyline.

At ground level, the development sits directly alongside Ismay Reserve, where lawns, walking paths, children's play areas, picnic spaces and recreational facilities extend the green space available immediately around the project.

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The Maybelle is also within walking distance of North Strathfield and the Bakehouse Quarter, which provides a mix of cafés, restaurants, shops and everyday services.

Existing rail and bus services provide connections across Sydney, while the future North Strathfield Metro and access to the M4 will add to the transport options available around the precinct. Walking and cycling routes also extend via Powells Creek towards Sydney Olympic Park and its sporting, entertainment and parkland precincts.

Families are also well positioned for access to a broad selection of established schools and education options across Strathfield and the surrounding Inner West.

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Omaya has operated in Sydney for more than 35 years, managing projects from acquisition and design through to construction and delivery. The family-owned company is both developer and builder of The Maybelle.

Apartments start from $560,000, with the development protected by 10-year Latent Defects Insurance.

Construction is well underway, with completion expected by the end of 2026 and move-in anticipated from Q1 2027.

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The Maybelle brings 27-storey parkside tower to market near North Strathfield

Melbourne developer <a href="https://www.apartments.com.au/developers/pdg-corporation">PDG</a> has unveiled its vision for the former Water Tank Site in Ivanhoe, which would see it transformed into a thriving residential neighbourhood, complete with a 2000 sqm public park.&nbsp;

Delivered in partnership with <a href="https://www.apartments.com.au/developers/development-victoria">Development Victoria</a>, the proposal would transform the prominent corner of Bell Street and Upper Heidelberg Road into a connected community comprising two residential buildings, generous public open space and shared amenities.&nbsp;

The vision includes 287 one, two and three-bedroom apartments, with a minimum of 10 per cent allocated to affordable housing, alongside a 2,000-square-metre publicly accessible park featuring a children's playground, activity lawn, indigenous planting, timber climbing logs, seating areas and a rock gathering circle.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a>, the proposal draws on the site's industrial heritage, using a robust architectural language that references the former water tank through expressive structural elements and durable, self-finished materials.&nbsp;

Extensive landscaping has been woven throughout the development, creating a living landscape that strengthens connections to nature while responding sensitively to the surrounding neighbourhood. Two residential buildings ranging from three to 12 storeys are linked by a landscaped forecourt, creating a welcoming arrival experience and improving pedestrian connections through the site.&nbsp;

Residents would also enjoy more than 1,000 square metres of communal open space, including barbecue and dining facilities, vegetable gardens, landscaped seating pavilions and a dedicated coworking space.&nbsp;

PDG Founder and Managing Director Vince Giuliano said the vision reflected an opportunity to transform one of Ivanhoe's most recognisable sites into a place that balanced housing, community and landscape.&nbsp;

"This is an opportunity to reimagine an important site and create a neighbourhood that delivers lasting benefits for Ivanhoe," Giuliano said.&nbsp;

"We're creating much more than new homes. The vision brings together affordable housing, quality architecture, meaningful public open space and shared places that encourage people to connect, while respecting the site's history and its place within the local community."&nbsp;

Development Victoria’s Executive General Manager Precincts, Niall Cunningham, said the application is an important step for the government-owned site.&nbsp;

“This is about delivering more homes in a well-connected location, along with public open space that the Ivanhoe community will benefit from for years to come,” Cunningham said.&nbsp;

PDG was selected as development partner in late 2025 following a competitive tender process.&nbsp;

A planning submission for the project is currently being progressed through the Victorian Government's Development Facilitation Program, with positive early engagement from both Banyule Council and the Department of Transport and Planning.

PDG unveils plans to transform landmark Ivanhoe Water Tank Site

Shane Wilkinson's <a href="https://www.apartments.com.au/developers/pace-development-group">Pace Development Group</a> has lodged plans for a major residential precinct on the former Presentation College site in Windsor, with an eight-building masterplan ultimately rising to 10 storeys.

The proposal at <a href="https://www.apartments.com.au/new-apartments/167-dandenong-road-windsor-vic-3181">167–187 Dandenong Road</a> spans a substantial 19,027 sqm site and is being progressed across six stages, with the first residential stages comprising 170 homes across four buildings designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>.

Stage Two will deliver the bulk of the initial housing, with Building A comprising 81 apartments and Building B 49 apartments, both rising to six storeys.

Stage Three will deliver a further 40 homes. The heritage Nagel Building, identified as Building C, will be converted to 12 dwellings, while a new five-storey Building D will comprise 28 apartments at the Hornby Street and Dandenong Road corner.

The 170 homes across Stages Two and Three will include a mix of one, two and three-bedroom apartments, including townhouse-style dwellings.<img alt="First look: Pace plans landscaped housing precinct on former Windsor school site" data-entity-type="file" data-entity-uuid="83c56e3e-dfb9-4e12-b172-c3f18513ec32" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_9.png?VersionId=xRcRpSZsxX.UX_NDDGcRZktw7HVrzx7u" />

&nbsp;

The longer-term masterplan points to considerably greater density across the site.

Indicative plans show Building E accommodating around 80 dwellings across up to 10 storeys, while Building F is earmarked for around 120 dwellings and also up to 10 storeys. Building G is planned to range between four and 10 storeys, however its apartment yield is yet to be determined. That means the masterplan currently identifies at least 370 dwellings across Buildings A to F before any apartments within Building G are counted.

Across the 1.9-hectare site, that represents an indicative density of at least 194 dwellings per hectare, with the final figure to increase once the yield of Building G is established.

Pace is pursuing the project through the Victorian Government's Development Facilitation Program, with Urbis lodging a combined Section 96A planning scheme amendment and planning application on behalf of the developer, which secured the site earlier this year.

The application seeks detailed approval for Stages One, Two and Three, alongside approval of the broader masterplan framework that will guide the later residential stages. Stage One will see an existing heritage building adaptively reused for a wellness and fitness-related facility, while the broader precinct will retain several significant heritage buildings and established trees as part of the redevelopment.

A minimum 10 per cent affordable housing contribution is proposed across both the initial residential stages and the later masterplan stages, delivered through a discounted rental model.

The project comes immediately after a major change to the site's planning controls.

The site was rezoned to the Housing Choice and Transport Zone through Planning Scheme Amendment GC285, gazetted on July 22, 2026, and now sits within the inner catchment of the Windsor Station precinct under the State Government's Train and Tram Zone Activity Centres Program.

While the new controls identify large sites within the inner catchment for buildings of up to six storeys, Pace's masterplan pushes height to 10 storeys in parts of the site, with the taller buildings concentrated toward the centre and along the Sandringham railway corridor.

Lower-scale built form is proposed toward the site's more sensitive residential and heritage edges, with Buildings A and B generally stepping from three storeys at their interfaces to six storeys at upper levels.

Cera Stribley's masterplan breaks the development into a collection of separate buildings rather than a continuous built form, with landscaped spaces, new pedestrian links and a new publicly accessible road forming part of the precinct.

The planning report says the development will create new pedestrian connections to Elm Place and along the railway corridor, as well as a new publicly accessible road linking Elm Place with Dandenong Road. The proposed buildings will occupy around 54 per cent of the site, leaving a substantial portion available for landscaping, communal areas and permeable surfaces.

Urbis said the scale of the project reflected the site's strategic location close to Windsor Station, tram services and the Chapel Street Activity Centre, with the former school campus identified as a significant opportunity to increase housing supply on an underutilised inner-Melbourne site.

&nbsp;

First look: Pace plans landscaped housing precinct on former Windsor school site

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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