<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

Gold Coast off the plan apartments

Gold Coast developer Aniko Group is refining the masterplan for its flagship $2 billion mixed-use development, The Landmark at Mermaid Beach.

Following council approvals secured late last year, Aniko is responding to the escalating demand for affordable luxury living in the city's <a href="/developments/mermaid-beach-qld-4218">coveted beachside suburb</a> by trying to target the rightsizing demographic.

Rightsizing represents a shift towards higher-end yet compact living spaces without compromising on quality. Unlike traditional downsizing, buyers in this market segment are not necessarily motivated by financial reasons but seek the same prestige and amenities associated with larger properties.&nbsp;

<a href="/developers/aniko-group">Aniko</a>, founded and led by George Mastrocostas, has submitted a modified development application to the City of <a href="/new-apartments/gold-coast-qld">Gold Coast</a>, proposing enhancements to Tower 1 of <a href="/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>.&nbsp;

This proposal includes a reconfiguration of existing apartments along with the addition of five new floors, taking the tower from 30 levels to 35.

"The refinements allow us to introduce coastal apartment living at a price point that our buyers are seeking, one that simply doesn’t exist in the current market,” Mastrocostas said.&nbsp;

“The changes will allow us to bring to the market a more diverse range of apartments, strategically catering to rightsizers, thus enhancing our competitive edge."

Situated on a 1.13-hectare site at the corner of the Gold Coast Highway and Seaview Avenue, The Landmark will feature residential apartments, offices, medical services, a luxury hotel, and a ground-floor retail and dining precinct.

The masterplanned project has approvals for three residential towers of 25, 30, and 40 storeys, along with a 53-level tower featuring a mix of hotel suites and private hotel-branded residences, to be delivered over the next six years.

A sprawling one-hectare recreation podium will offer residents, commercial tenants, and hotel guests significant amenity, all within close proximity to the entirety of the site.

The amended development application seeks to increase the height of Tower 1 from 30 to 35 storeys, accommodating 240 apartments, up from the 170 currently approved, bringing the entire masterplan to a total of 891 apartments.&nbsp;

With construction of the first stage of The Landmark earmarked to commence by year-end, Aniko has reconfigured the floorplate of Tower 1 to introduce an additional apartment per level.

Responding to market feedback, the vast majority of the first tower’s two-bedroom apartments will now include a study nook. Aniko is also expanding its range of three-bedroom apartments as part of a broader strategy to provide additional choice for buyers.

"The new floorplans provide greater flexibility to create the style of apartments for which we are experiencing sustained demand," Mastrocostas added.&nbsp;

"Our plans are in response to the industry’s increasing focus on high-end apartments at the expense of more affordable alternatives that resonate with rightsizers.&nbsp;

“While we also plan to introduce a collection of stylish, three-bedroom-plus residences, we also want to cater to a segment of the market that has been overlooked by developers in the Gold Coast’s prime beachside suburbs in recent years."

Aniko has engaged award-winning firm <a href="/architects/plus-architecture">Plus Architecture</a> to deliver the master-planned development.

“In an increasingly discerning market, we have created a design that embodies the coastal lifestyle,” Plus Architecture Director Danny Juric said.

“Integrated vertical communities will be supported through a range of high quality and accessible amenities, with parks, laneways and plazas creating opportunities for people to socialise, get active or relax, and immerse themselves in retail therapy.”

[smartcode_project_cta:default project_id=134338]

Situated on a 1.13-hectare site at the corner of the Gold Coast Highway and Seaview Avenue, The Landmark will feature residential apartments, offices, medical services, a luxury hotel, and a ground-floor retail and dining precinct.

Staff Writer

Aniko seek rightsizers at $2 billion Mermaid Beach apartment mega-project, Landmark

New research has revealed the Gold Coast’s Runaway Bay catchment, capturing Runaway Bay, Arundel, Biggera Waters, Coombabah, Helensvale, Hollywell, Hope Island, Labrador and &nbsp;Paradise Point, continues to be one of the most undersupplied markets on the Gold Coast. &nbsp;

A new report prepared by Urbis shows new apartment sales in the catchment totalled 40 in 2023, a record low compared to the 524 sales recorded in 2021.&nbsp;

The data comes as one of the northern <a href="/developments/gold-coast-qld">Gold Coast</a>’s most prolific developers, <a href="/developers/lewis-land-group">Lewis Land</a>, advances plans to release the first home collections within its Harbour Shores masterplanned community in the coming months, supercharging the housing supply.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247080]

Lewis Land Chief Executive Office Brett Draffen said <a href="/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a> would deliver more than 2,000 &nbsp;dwellings to the <a href="/developments/runaway-bay-qld-4216">Runaway Bay</a> catchment over the next decade, drawing on a 65-year history of creating exceptional communities. &nbsp;

“The first residential releases at Harbour Shores will be launched on 15 April and includes a collection of waterfront villa residences, two mid-rise residential apartment buildings, and early delivery of the large community park,” Draffen said.&nbsp;

“We’re collaborating with the best in the industry to create a sustainable, design-driven master plan that &nbsp;will meet the needs of the community now and in the years to come.”&nbsp;

Civil works are expected to kick off in May.

[smartcode_project:default project_id=113271 project_image_fid=247284]

Urbis Senior Consultant, Lynda Campbell, said the lack of sales in Runaway Bay Catchment is not due to a lack of demand, but a lack of supply.&nbsp;

“New apartment sales on the Gold Coast are back to pre-pandemic levels, however the lack of supply in the Runaway Bay Catchment remains at a record low,” Campbell said.&nbsp;

“It comes as increasing construction costs, interest rate uncertainty, and inflation continue to put pressure on developers who play a critical role in new dwelling supply.&nbsp;

“The arrival of Harbour Shores will significantly supercharge supply back to levels we haven’t seen since 2015.”&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=247281]

Draffen said Harbour Shores would deliver new housing supply for the next 10 years within the city’s most sustainable masterplanned community.&nbsp;

“Harbour Shores is the only project to achieve a 6 Star Green Star Community V1.1 rating on the Gold Coast,” he said.

“For future residents, this means access to a standard of amenity, liveability and &nbsp;wellness never experienced in this city before.”&nbsp;

Lewis Land pioneered the creation of the Sovereign Islands, Ephraim Island, Paradise Point Keys, Huntington Harbour and Harbour Town, redefining luxury, lifestyle and destination retail on the northern &nbsp;Gold Coast.&nbsp;

Upon completion, Harbour Shores will deliver more than 2,000 dwellings, communal open spaces and parklands, a waterfront boardwalk, private marina berths, retail and commercial spaces, and a range of resident amenities including resort-style pools, sauna, clubhouse and tennis court.

[smartcode_project_cta:default project_id=113271]

Lewis Land to launch Harbour Shores first house release in undersupplied Runaway Bay catchment area

Family-owned builder developer Xsite Group has revived its plans for a luxury beachfront apartment tower on Surfers Paradise's most sought-after beachfront strip.

The Sydney-based developer, who has projects in Queensland, Victoria and the Middle East, has just launched <a href="/new-apartments/arc-residences-northcliffe">Arc Residences</a>, 39 high-end apartments across a 25-level glass-swathed tower designed by another Sydney-based company, architecture firm <a href="/architects/mosca-pserras-architects">Mosca Pserras Architects</a>.

Ray White Projects is marketing the apartments which start from just shy of $4 million.

[smartcode_project:default project_id=111652 project_image_fid=257252]

The tower will rise from&nbsp;9-11 Garfield Terrace, a site which had been for nearly five decades the home of the 1970s Anglesea Court complex.

It will home 39 half and full-floor three and four-bedroom apartments overlooking the popular Northcliffe Beach. The interiors have been amended, now providing "barefoot luxury".

The 217 sqm, half-floor apartments each have a kitchen with Gaggenau appliances and a scullery, as well as three ensuited bedrooms, a dining room with a dry bar, and a beach-facing balcony.

[smartcode_project:default project_id=111652 project_image_fid=257251]

The four-bedroom apartments have 434 sqm of space and start from $8,825,000.

&nbsp;

Two levels in the building have been reserved solely for resident amenity in the form of a beachfront pool and cabanas, dual kitchen and catering rooms with private dining facilities, work-from-home office space, a cinema room, designated dog wash, and a wellness hub with gym, sauna and treatment room.

Arc Residences is slated for completion in November 2026.

[smartcode_project_cta:default project_id=111652]

The tower will rise from 9-11 Garfield Terrace, a site which had been for nearly five decades the home of the 1970s Anglesea Court complex

Garfield Terrace apartment project revived as Arc Residences launched on Surfers Paradise beachfront

Cadmium Property Group has revealed its upscaled plans for&nbsp;Urbana Precinct Three in Coomera on the Gold Coast.

They've sought to increase the size and density of the four-tower stage, where they now want to deliver 720 apartments at Lot 502&nbsp;Urbana Boulevard Coomera instead of the 608 that was approved by the Gold Coast City Council.

<img alt="Coomera" data-entity-type="file" data-entity-uuid="d0e7cae5-f40f-4e19-abdc-b47bd0b35fe2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-08%20at%208.45.17%20am.png?VersionId=9WaKaE_xXMJ4qH.GAa7Ilks3eP1NaxYb" />

It means the four <a href="/architects/archidiom">Archidiom</a>-designed buildings will drastically rise in height. They will now be between 16 and 25 levels, the latter 17 levels higher than before. Two of the buildings will be build to rent.

At 100 per cent occupancy of all four towers, the stage will home 1800 residents across 400 two-beds and 320 three-beds.

The stage will include a retail precinct with restaurants, commercial space, a gym, and a medical centre.

<img alt="Coomera" data-entity-type="file" data-entity-uuid="db505b0e-f7a1-425c-854e-a78099457cc3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-08%20at%208.50.08%20am.png?VersionId=UscjFkOcdiv3HwNae76B0XaDHJmlI.qk" />

The apartments will sit above four basement levels with around 1,300 parking spaces, around 80 per cent reserved for residents.

There will be 4,350 sqm of total communal recreation space which will incoporate a&nbsp;pool and terrace, play area with table tennis tables, flexible rec space, communal media lounge, communal lounge and dining space, and a co-working office.

The application is the third stage of Cadmium's Urbana development, planned for about 15,200 sqm on the southern part of the total xx masterplan which has street frontages to&nbsp;Foxwell Road&nbsp;and Urbana Boulevard.

&nbsp;

Next stage of Coomera Urban Village upsized

Palm Beach is set for another luxury apartment development as Sherpa Property Group kicks off construction at its now approved project, Perspective Nexus.

After last month announcing the appointment of <a href="/builders/lps-group">LPS Group</a> as project builder, Sherpa has today officially started construction of the Gold Coast Highway project.

Located on a prime 1,583 sqm site at 949-953 <a href="/new-apartments/gold-coast-qld">Gold Coast</a> Highway, the nine-storey project will deliver a collection of 32 apartments, including two half-floor penthouses and three sky homes with their own private rooftops.

[smartcode_project:default project_id=108324 project_image_fid=231829]

The construction start comes on the heels of Perspective Nexus achieving sales of over 50 per cent of apartments worth a total of $65 million. Gold Coast locals have driven the sales.

Read more:&nbsp;<a href="/news/qld/why-i-bought-a-perspective-nexus-palm-beach-apartment">Why I bought a Perspective Nexus, Palm Beach apartment</a>

“Our mission now is to deliver this amazing new project for our buyers and have them ready to move in by the end of next year," Sherpa Founder Christie Leet said.

Perspective Nexus residents will share in a wide range of communal amenities, including a dedicated wellness space with a cold plunge pool, sauna, magnesium pool and steam room with internal stairs down to the residents’ recreational space which includes a spa, pool, private dining and wellness garden.&nbsp;

[smartcode_project:default project_id=108324 project_image_fid=231830]

The project will also have 79 car parks for both residents and visitors, electric car charging stations, individual apartment storage, car wash bay and parcel delivery storage including a cold store.&nbsp;

Perspective Nexus is the latest in a host of impressive projects undertaken by Sherpa Property Group on the Gold Coast since 2018 and comes on the heels of the success of the recently completed <a href="/buildings/perspective-on-albatross">Perspective on Albatross</a>.

Sherpa marked the construction commencement with a $2,500 donation to the local community group Fight 4 Youth.

[smartcode_project_cta:default project_id=108324]

The construction start comes on the heels of Perspective Nexus achieving sales of over 50 per cent of apartments worth a total of $65 million

Sherpa kick off construction at Palm Beach's latest luxury apartment development, Perspective Nexus

Prices in the Gold Coast off the plan apartment market will continue to increase over the next 12 months, Charter Keck Cramer forecast.

Charter Keck Cramer said in their <a href="/developments/gold-coast-qld">Gold Coast</a> State of the Market H2 2023 that until conditions stabilise and improve in the building sector, prices have to go up.

"Many recently launched projects are achieving strong sales and pricing results, especially those <a href="/news/qld/city-beat-march-2024-what-is-happening-in-the-gold-coast-off-the-plan-apartment-market">associated with well regarded builders</a>," the report read.

"A notable proportion of purchaser demand has come from interstate (predominantly NSW and VIC) given the lifestyle attraction and lower relative price points of the Gold Coast."

They noted that importantly in this cycle, foreign buyer activity has remained subdued which is very different to previous cycles which were underpinned by significant overseas buyer activity.

They said relative&nbsp;to other Australian cities in 2023, the Gold Coast’s apartment market showed more positive signs through robust sales and continued pricing growth. They added however that it is not without some key risks and challenges primarily in the building and construction space.

&nbsp;

<h2>Gold Coast Build Environment</h2>

Build costs and delivery times are a critical issue and risk for the Gold Coast market, CKC says, adding that some mainstream projects have become financially unviable due to the increase in labour and material costs.

"Many active projects are beachside and targeting premium price points and therefore new dwellings at the more affordable end of the scale are limited," CKC says.

"Infrastructure investment has turbo charged the cost of materials and labour, helping to position these as a key risk to the supply-side response. Paired with the cost of debt, the prospect of projects taking 50% longer to complete than pre-pandemic is eroding the feasibility of many projects in the pipeline and placing them on pause."

CKC says even&nbsp;on smaller projects, the stringent level of due diligence being undertaken by lenders towards builders is impacting the pace of funding.

<h2>Gold Coast Supply Metrics</h2>

In 2023 there were a total of 1,000 apartments launched to market, considerably lower than the 2,100 per annum average over the past decade.

The City Fringe and Central City Regions were the most active, accounting for 34 per cent and 30 per cent of launches.

Commencements in Gold Coast remained strong in 2023, bucking the trend of many cities across Australia.

In 2023, construction commenced on 2,100 apartments, a slight decrease than 2022 but well above the 10-year average of 1,900. Gold Coast’s City Fringe Region was the most active, accounting for more than 50 per cent of commencements.

<img alt="Supply" data-entity-type="file" data-entity-uuid="4f4c1c4c-4f28-468b-bbb6-3a9059e81ce5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%2010.23.05%20am.png?VersionId=nJvkKGyg1i79Z0_UZD.rUzNNIJVzAFvv" />

In 2023, Gold Coast recorded 1,500 apartment completions, slightly higher than in 2022.

CKC says the coming 12 months will set a new peak for apartment supply in Gold Coast, with 2,700 apartments under construction and due to complete during 2024. That would mark a 46 per cent increase on the previous peak during 2020.

There is a total of 4,100 apartments currently under construction or being marketed and due to be complete between 2025-2026, however, a proportion of marketed projects are likely to be delayed given elevated project costs.

"While the increased completions forecast for the next 12-24 months poses an element of settlement risk (particularly for larger apartment schemes), strong recent price growth and low levels of foreign buyers has offset much of this risk. Furthermore, the low volume of residual stock within projects approaching completion poses little threat to those currently being marketed or soon to launched."

<img alt="GC" data-entity-type="file" data-entity-uuid="e3e7f0fe-35e7-4c15-8541-15f25e99ce46" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202024-03-12%20at%2010.23.52%20am.png?VersionId=Bf0848SkFZJU7kIBgxzY9lwPCqrSCC3W" />

<h2>2024 Property Outlook</h2>

CKC's analysis&nbsp;suggests that established stock will need to continue to reprice upwards.

"This will be followed by recently completed stock after which new off the plan stock will quickly reprice upwards across the market which offers the most affordable price points."

CKC's analysis of the Gold Coast’s housing market shows that the price gap between detached houses and established units is 44 per cent, a decline from 60 per cent over the past two years as demand has continued to funnel into the more affordable unit market.

"The Gold Coast has one of the most expensive housing markets in Australia and, quite simply, buyers need to make trade-offs should they wish to enter the for sale market with greater demand driven into the BTS apartment market."

&nbsp;

Gold Coast off the plan apartment market prices to continue to grow: Charter Keck Cramer

South East Queensland has been one of the most heavily invested in regions since over the last four years since the onset of COVID-19.

The appetite has come from both southern state dwellers and locals who have jumped into the property market off the back of exponential growth in population caused primarily by the lockdowns across Sydney and Melbourne.

The region is expected to continue to grow given the Brisbane 2032 Summer Olympics and the government infrastructure pipeline that comes with it. The government is expected to spent upwards of $7 billion on venues alone, as well as billions of dollars on better connecting Brisbane to the Sunshine Coast to the north and the Gold Coast to the south

<a href="/developments/brisbane-qld">Brisbane</a>, the <a href="/developments/sunshine-coast-qld">Sunshine Coast</a> and the <a href="/developments/gold-coast-qld">Gold Coast</a> have been particularly popular with investors so far in 2024. We've rounded up the most popular projects&nbsp;

<h2>Project: JURA Noosa</h2>

<h3>Location: 26 Headland Drive, Noosaville QLD 4566</h3>

<h3>Developer: Capital Prudential</h3>

Fund manager and developer <a href="/developers/capital-prudential">Capital Prudential</a> has found a sweet spot in <a href="/developments/noosaville-qld-4566">Noosaville</a>, the hub of the Sunshine Coast just two kilometres from Noosaville's Gympie Terrace activity centre and six kilometres to the popular Hastings Street on the beachfront.

<a href="/new-apartments/26-headland-drive-noosaville">JURA</a> comprises 38 two-bedroom single-level apartments and dual-level townhomes designed by <a href="/architects/blackwood-architecture">Blackwood Architecture</a>, offering one of just a handful of new developments the area has seen in recent years and is likely to see going forward. The scarcity of new developments in Noosa has seen investors show significant interest.

[smartcode_project:default project_id=142312 project_image_fid=248932]

Its central location and excellent connectivity are a highlight for JURA, which is located 15 minutes from the Bruce Highway and only a 30-minute drive to the <a href="/new-apartments/sunshine-coast-qld">Sunshine Coast</a> Airport.&nbsp;

The townhouses are also located ideally just off Eumundi Road opposite the Noosa Leisure Centre and Noosa Library, while also offering future JURA residents easy access to the Noosa River and just six kilometres from Hastings Street.

JURA provides practical amenities, such as exclusive residence carports, a lock-up garage for townhomes, and ample visitor parking, while also having low body corporate fees compared to similar properties in the Noosa region.

<h2>Project: Ruby Ruby</h2>

<h3>Location: 12 Crombie Street, Milton QLD 4064</h3>

<h3>Developer: Kokoda Property</h3>

<a href="/new-apartments/ruby-ruby-milton-12-crombie-street-milton">Ruby Ruby</a> has once again secured a spot in Apartments.com.au's top enquiries for residential developments in <a href="/new-apartments/brisbane-qld">Brisbane</a>.

The Urban community has identified Ruby Ruby's primary strengths as a solid investment and a high potential for capital growth. This positive reception is attributed to a combination of appealing factors, including diverse amenities, a variety of floor plan designs, and a great location.

National apartment developer <a href="/developers/kokoda-property">Kokoda Property</a> was very strategic in their acquisition of the site for Ruby Ruby.

[smartcode_project:default project_id=139032 project_image_fid=232275]

“Brisbane is rapidly transforming into a new world city; its culture, business centre, technology, and lifestyle is evolving with over $40 billion of infrastructure investment planned, so naturally there is a shift occurring with demand now skewed towards sophistication and luxury residential design," Kokoda Property Founder and Managing Director, Mark Stevens said.

Ruby Ruby is ideally located just behind the <a href="/new-apartments/milton-qld-4064">Milton</a> Train Station, a three-minute train to Roma Street Station. The site has also quickly garnered attention for its quirky cafe and brewery scene attracting young professionals.

[smartcode_project:default project_id=139032 project_image_fid=232284]

The <a href="/architects/cottee-parker-architects">Cottee Parker</a>-designed development will rise 21 levels from 12-18 Crombie Street and will comprise 144 apartments and several luxury penthouses, ranging from 65 sqm to 155 sqm. Prices for Ruby Ruby start at $654,000.

Stevens said the team has also carefully considered the inclusion of extra, premium amenities.

Ruby Ruby will feature a wellness rooftop with a wet-edge swimming pool that spans the full width of the building. Completing the fitness component of the rooftop is a health and wellness space with a gym, infrared sauna, spa, plunge pool and yoga studio.&nbsp;

Kokoda is also catering for the working-from-home trend with several meeting rooms on the ground level, while the podium will be home to a private dining and lounge area, a cinema room, and a billiards room.

<h2>Project: Victoria &amp; Albert</h2>

<h3>Location: 20 Albert Avenue, Broadbeach QLD 4218</h3>

<h3>Developer: Iris Capital</h3>

<a href="/developers/iris-capital">Iris Capital</a>'s flagship Broadbeach development, <a href="/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, has seen a surge in buyer demand over 2023, seeing a diverse buyer profile according to Colliers sales agent Paul Putsay but most especially "attracting a delightful clientele of fly-ins and fly-outs in the Albert tower, while there's been an uptake from hybrid investors and occupiers in the Victoria building."

Investor interest has persisted this year, buoyed by the strength of the <a href="/new-apartments/gold-coast-qld">Gold Coast</a>’s employment market and the massive investment in infrastructure across the city.

V&amp;A will bring over 400 apartments to the central <a href="/developments/broadbeach-qld-4218">Broadbeach</a> area, on the site of the former Niecon Plaza.

[smartcode_project:default project_id=107928 project_image_fid=234088]

One notable factor contributing to the development's popularity is the presence of a $200 million commercial retail and fresh food precinct, located underneath the residential towers.

This has particularly resonated with buyers from <a href="/new-apartments/melbourne-vic">Melbourne</a> and <a href="/new-apartments/sydney-nsw">Sydney</a>, who appreciate the convenience and vibrancy offered by this vibrant commercial hub.

[smartcode_project:default project_id=107928 project_image_fid=234097]

Residents will also have access to the Podium Club facilities located on the fourth level, including a 25-metre lap pool with an outdoor dining and barbecue area, a spa and steam room, a Zen garden, a yoga deck, a boutique resident's lounge, and a kid's club area with a playground.

Topping off the iconic residential offering is the Residents Sky Lounge on the top level of the Victoria tower. It includes luxury dining, lounge, wellness, and work zones that are perfectly designed to embrace the spectacular views of the surrounding coastline.

<h2>Project: UNIQ</h2>

<h3>Location: 2-4 Waterford Court, Bundall QLD 4217</h3>

<h3>Developer: Devlink Group</h3>

<a href="/developers/devlink-group">Devlink Group</a>'s <a href="/new-townhouses/uniq-bundall-2-4-waterford-court-bundall">UNIQ</a> townhouses will be a rare addition to <a>Bundall</a> and are set to benefit from the $370 million redevelopment of the Gold Coast Turf Club just across the Nerang River.

The 22 townhouses will each front the river and have three bedrooms and a self-contained multi-purpose room. They start from $1,395,000.

[smartcode_project:default project_id=114207 project_image_fid=233789]

The latest ABS data shows less than 20 per cent of the dwellings in <a href="/developments/bundall-qld-4217">Bundall</a> are townhouses, which is a rare opportunity to invest in an exclusive and high-demand property.

A townhouse opportunity doesn't come along often, and an opportunity to buy brand new, especially in a suburb more well-known for large family homes, only presents itself every few years.

[smartcode_project:default project_id=114207 project_image_fid=233795]

The location is also one of the most standout factors of UNIQ.

Devlink Group Head of Marketing, James Ball, said the project is an opportunity to deliver an incredible addition to the area at a time when the Sunlight Lifestyle Precinct is set to transform Bundall into one of the most in-demand locations on the entire Gold Coast.

Situated on a prime site on Waterford Court, a small cul-de-sac street with just a handful of homes that front the river, UNIQ takes up an unrepeatable spot within a few minutes walk from the Gold Coast Turf Club.

The waterfront properties will also feature private plunge pools, while the broader development will have access to a communal swimming pool and barbecue facilities.

<h2>Project: Pearl Main Beach</h2>

<h3>Location: 3550-3552 Main Beach Parade, Main Beach QLD 4217</h3>

<h3>Developer: Raptis</h3>

The <a href="/developments/main-beach-qld-4217">Main Beach</a> market demographics point to a steady and large portion of owner-occupiers and downsizers, making the suburb an enviable location for budding investors.

This is all thanks to the convenience of living close to the <a href="/new-apartments/marina-mirage-74-seaworld-drive-main-beach">Marina Mirage</a>, which has an array of boutique shopping and waterfront dining experiences.

[smartcode_project:default project_id=106752 project_image_fid=169993]

"Main Beach is a suburb that has everything", <a href="/developers/raptis">Raptis</a> Joint Managing Director Evan Raptis told Urban.

"It has a shopping and dining prescient, close to the beach, 5-star hotels, theme parks and Broadwater boat access all within the one suburb. Nowhere else on the Gold Coast can offer that."

[smartcode_project:default project_id=106752 project_image_fid=182210]

Apartments at developer Raptis' <a href="/buildings/pearl-main-beach-3550-3552-main-beach-parade-main-beach">Pearl</a> on Main Beach Parade were snapped up largely by owner-occupiers, both locals who are looking to downsize and interstate couples.

Rising 30 floors, Pearl is a collection of 80 apartments, including a luxury two-level penthouse, with just three-bedroom apartments left.

Pearl also features state-of-the-art, resident-exclusive amenities like a rooftop swimming pool with 180-degree views of the Gold Coast coastline, a gym overlooking the Pacific Ocean, a barbecue and alfresco area, and a private dining suite.

The region is expected to continue to grow given the Brisbane 2032 Summer Olympics and the government infrastructure pipeline that comes with it.

South East Queensland's top five apartment developments for investors in 2024

Ature Group, the development company of the popular SABO and Zaco fashion family, has unveiled their first Gold Coast high-rise tower.

The project, <a href="/new-apartments/sola-158-surf-parade-broadbeach">Sola</a>, at 158 Surf Parade, <a href="/developments/broadbeach-qld-4218">Broadbeach</a>, will comprise just 20 full-floor apartments starting from $2.75 million.

<a href="/developers/ature-group">Ature Group</a>, founded by Thessy Batsinilas, Yiota and George Kouzoukas, drew creative inspiration from their womenswear businesses as they sought to expand their property development pipeline.&nbsp;

They wanted to create a beach house in the sky, infused with bespoke finishes and design reflective of Broadbeach’s bold identity as the heart and soul of the Gold Coast.&nbsp;

&nbsp;

[smartcode_project:default project_id=138199 project_image_fid=257204]

Each 219 sqm apartment, which has private direct lift access, have three bedrooms, with the option to customise the space with the ability to add a fourth bedroom, office retreat or even a wine room.&nbsp;

&nbsp;

Sola's design by&nbsp;<a href="/architects/prospect-architecture">Prospect Apartment Architecture</a> and Esat Design features a&nbsp;palette reminiscent of beach shallows with sandy hues, stone pavers, fluted concrete and subtropical landscaping.

Deliberately oriented to the east to maximize views of parkland and the ocean, the tower exhibits a conscientious approach to privacy by mitigating any potential overlooking into neighbouring buildings. The precisely arranged 'patchwork' of screens on the northern side optimises privacy and daylighting.

Archie Bolden Interior Design has handled the interiors of Sola, with a focus on Mediterranean design with&nbsp;organic curves, light timber tones and stone finishes.

[smartcode_project:default project_id=138199 project_image_fid=257205]

The facilities feature a swimming&nbsp;pool, a gym, a mineral spa, cold plunge pools, steam and sauna rooms, as well as sunbeds and lounges. The ground floor includes a wash-off area and surfboard storage.&nbsp;

&nbsp;

Ature Group Director George Kouzoukas said the founders are passionate about bringing to market a project that is uniquely inspired by fashion and global design, delivered with the trio’s trademark luxurious resort aesthetic.

“Sola is the architectural manifestation of our years travelling around the globe, visiting incredible destinations like Paris, New &nbsp;York and the Greek Islands, bringing together our favourite fashion, architecture, and design influences into a residential setting,"&nbsp;Kouzoukas said.

[smartcode_project:default project_id=138199 project_image_fid=257208]

“Sola has been designed with our favourite global beach destinations at the fore, with a relaxed yet luxurious palette that is very much a representation of our own personal style. &nbsp;

“The interiors and amenities of the project have been meticulously designed without compromise. A testament to the project is exemplified by each of us retaining a residence within the building for personal use."

Carly Cottam, Founder and CEO of <a href="/project-marketer/motiv">Motiv Group</a> who is selling the project, says: “The Gold Coast market has felt a surge of post-COVID real estate activity, with a particular uptick in the Broadbeach property market.

"A growing number of buyers are seeking residences that offer extensive vistas while being based in proximity to the vibrant heart of Broadbeach," Cottam says.

"This trend highlights a preference for spacious, full-floor living experiences in this dynamic real estate landscape."

[smartcode_project:default project_id=138199 project_image_fid=257209]

Cottam says&nbsp;Sola breaks away from the cookie-cutter tower mould.

"As a uniquely developed project rooted in Queensland's creative industries, it presents an incredibly resolved and elegant product, showcasing its distinctiveness in the market.”

Residences start from $2.75million and range up to $4.65 million.

[smartcode_project_cta:default project_id=138199]

Ature Group Director George Kouzoukas said the founders are passionate about bringing to market a project that is uniquely inspired by fashion and global design

SABO founders reveal luxury Broadbeach apartment development, SOLA

A two-level penthouse apartment at Chapter Two Group's Holm Rainbow Bay development has sold for $4.5 &nbsp;million, setting what is believed to be a new record for a non-beachfront development.&nbsp;

The penthouse at <a href="/new-apartments/holm-rainbow-bay-44-50-eden-avenue-coolangatta">Holm</a> on Eden Avenue was bought by a <a href="/new-apartments/sydney-nsw">Sydney</a> buyer amid strong interest in the project, which has recently topped enquiry and sales for the southern Gold Coast region.&nbsp;

The penthouse will feature three bedrooms, two decks, and a rooftop&nbsp;terrace with outdoor dining and spa.&nbsp;

&nbsp;

<a href="/developers/chapter-two">Chapter Two</a>&nbsp;Director Jon Quayle said the sale was believed to be the highest square metre rate achieved for a non-waterfront or front row apartment in the sought-after enclave. The 246 sqm apartment represented an internal price per sqm of $24,590.&nbsp;

“Taking opulent living to new heights, Holm has already beaten sale records and is attracting great interest from both local and interstate buyers,” Quayle said.&nbsp;

“The southern <a href="/new-apartments/gold-coast-qld">Gold Coast</a> is a highly sought-after location, and our Sydney buyer recognised the outstanding opportunity to purchase a new, luxury penthouse off the plan in a superb location at Rainbow Bay."

Holm has recently been ranked by Urbis as the number one selling project south of Burleigh.

[smartcode_project:default project_id=109905 project_image_fid=209089]

Chapter Two Director Oliver Bagheri said the record-breaking penthouse deal showed the strong demand for blue-chip real estate on the Gold Coast.&nbsp;

“Holm marks an exceptionally rare opportunity on Rainbow Bay's peninsula, allowing buyers to make the iconic address either their permanent residence or a deluxe holiday destination," Bagheri said.&nbsp;

“Geographically restricted with scarce future supply, acquiring the Holm site today and delivering this project at its current pricing would not be feasible, making it an irreplaceable opportunity.&nbsp;

"In recent years, the notion of apartment living has transformed. However, we've observed &nbsp;that many new Gold Coast buildings fall short of meeting residents' needs for a balanced &nbsp;lifestyle, incorporating health, well-being, and lifestyle amenities all in one place.”

[smartcode_project:default project_id=109905 project_image_fid=209094]

Collaborating with award-winning <a href="/architects/plus-architecture">Plus Architecture</a>, Holm prioritises resident well-being, ensuring the apartments blend seamlessly with the coastal lifestyle, while actively seeking ways to create a more sustainable and environmentally conscious building for residents' &nbsp;advantage.&nbsp;

The 12-level project will feature 86 exclusive residences of two, three or four bedrooms.

Holm offers rooftop facilities including a 25-metre ocean-view pool, spa, sauna, steam room and gym, as well as office suites, library, and conference rooms.&nbsp;

[smartcode_project_cta:default project_id=109905]

The 12-level project will feature 86 exclusive residences of two, three or four bedrooms

Rainbow Bay penthouse sold for record price per sqm

The Gold Coast unit market continues to surge in 2024 after a 2023 which saw it become one of the best performing major cities in the country.

The median value of units, which incorporates both apartments and townhouses, jumped another 1.1 per cent in February to a new median $740,000. It was only October <a href="/news/qld/city-beat-september-2023-gold-coast-unit-values-pass-700k-after-continued-2023-growth">when they passed the $700,000 mark</a>.&nbsp;

<h2>What is happening in the Gold Coast off the plan apartment market?</h2>

Projects by reputable developers remain the most popular on the Gold Coast.

Vista by Malaysian developer MRCB International continues to top the sales chart after another strong quarter.

[smartcode_project:default project_id=112730 project_image_fid=211248]

Urbis research showed Vista was the top selling project on the Gold Coast in Q4 2023 with 46 sales.

<a href="/new-apartments/crest-broadbeach-13-armrick-avenue-broadbeach">Crest Broadbeach</a> by veteran Canberra and Gold Coast apartment developer <a href="/developers/morris-property-group">Morris Property Group</a> has also seen a number of sales. It was the third best performing project in the Gold Coast in Q4 2023 with 25 sales.&nbsp;

There's also been some much needed new supply come to the market in 2024, both from two of the most reputable developers on the Gold Coast.

strong market feedback at the first stage of Lewis Land's $1.5 billion Biggera Waters masterplan, Harbour Shores.

Colliers Director David Higgins says&nbsp;Harbour Shores is a game-changer for the area.

"The introduction of the 15-hectare masterplan means Biggera Waters is a new option for buyers to consider," he said.

[smartcode_project:default project_id=113271 project_image_fid=247280]

"The site is a unique one, so close to all of the Biggera Waters amenity and Harbour Town. It's a longterm project that will change the face of the suburb."

Higgins says having the reputation that Lewis Land as a developer makes the whole selling process much smoother.

"They've done incredible things for the Gold Coast over the last six decades and they own Harbour Town. They're a developer who buyers know aren't going anywhere."

There's been equally strong market feedback from buyers at Ombre Robina, the latest project by construction industry veteran John Kearney's Immerse Projects.

Tony Ashwin, who is handling sales at the Scottsdale Drive development, says one of the most interesting findings from the launch has been not only the variation in demographics, but the depth in each type of buyer.

"In 35 years I've not seen so much depth in each buyer cohort than we have with Ombre Robina," Ashwin said.

He's sold apartments to first home buyers in their 20s all the way through to a couple in their 90s.

There's been a strong uptake on all floorplans, from the unique one-bed, two living room apartments to the larger three-bedroom apartments.

Ashwin says the strong market response shows the maturity of the Gold Coast apartment market, as well as the maturity of Robina, with the early success showing that it's not all about the beachside suburbs.

"Ombre Robina is giving people option in that middle market, which a lot of the beachside suburbs aren't doing," Ashwin says.

Kearney's longtime Gold Coast construction company, Greyburn, will be the ones building the project, which is expected to start construction in the next few months.

"A lot of our buyers live in Greyburn homes, so they know the quality of delivery from the team," Ashwin added.

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