<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

&nbsp;

Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

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.

&nbsp;

Gold Coast off the plan apartments

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Gold Coast off the plan apartments

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Developments

New apartments

New townhouses

News