Preliminary data by research giant Charter Keck Cramer reveals a 54 per cent decline in Build to Sell apartments across Australia's capital cities, while the Build to Rent boom continues with a 378 per cent increase over the last five years.

Charter Keck Cramer's upcoming National State of the Market Report - Key Metropolitan Areas, scheduled for release in September, will reveal&nbsp;a dramatic transformation in apartment supply patterns across Australia's capital cities between FY2016-2020 and FY2021-2025.

The Build to Sell (BTS) apartment sector has experienced a substantial contraction, with total supply falling by 54 per cent compared to the previous five-year period. The decline represents a reduction of 149,200 apartments across all capital cities.

<img alt="BTS Charter Keck Cramer" data-entity-type="file" data-entity-uuid="3db2ddf3-e7c0-481f-b8b9-63efb365cb80" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.26.34%E2%80%AFAM.png?VersionId=bsQl8inhZA7FeiPamnGvw1tse0obBdSd" />

Sydney led the downturn with a decrease of 73,600 apartments, followed by Melbourne (-42,800) and Brisbane (-26,800). Perth and Adelaide also recorded significant declines of 6,400 and 2,400 apartments respectively. Only Gold Coast and Canberra bucked the trend, with modest increases of 500 and 2,300 apartments.

In stark contrast, the Build to Rent (BTR) sector has emerged as a major force in the apartment market, recording a remarkable 378% increase in supply. This growth added 8,590 apartments across the capital cities during FY2021-2025. Melbourne dominated BTR growth with 6,160 additional apartments, while Sydney contributed 2,100 units. Brisbane and Canberra also recorded growth of 800 and 330 apartments respectively. Gold Coast and Perth recorded minor declines, while Adelaide maintained steady levels.

<img alt="BTR CKC" data-entity-type="file" data-entity-uuid="ca13ffd4-ab93-4828-afd2-4c3dccbd2b51" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-08-20%20at%2011.28.54%E2%80%AFAM.png?VersionId=SXNnpcJuFD36ViWOwF6izBBqcQc3NWao" />

“These preliminary findings indicate a fundamental shift in Australia's apartment development landscape, with traditional Build to Sell models giving way to institutional Build to Rent developments,” said Richard Temlett, Charter Keck Cramer’s National Executive Director of Research.

"This transition reflects changing investor preferences, regulatory environments and housing affordability challenges across major metropolitan areas.”

The complete Charter Keck Cramer National State of the Market Report – Key Metropolitan Areas will provide comprehensive analysis of these trends, their underlying drivers and implications for developers, investors and policymakers when released in September.

Joel Robinson

Build to Sell apartment supply drops 54% in five years across Australian capital cities

Verso Development Group is seeking to bring over 1,100 apartments to the heart of Brisbane's Toowong, with plans filed for a $1 billion, triple tower development known as Toowong Central.

The landmark urban regeneration project "aims to reshape the core of Brisbane’s inner-west riverside suburb."

Covering over 1.4-hectares across&nbsp;Sherwood Road, High Street, and Jephson Street, Toowong Central has been designed by KHA and will comprise three towers rising 49, 55, and 58 levels.

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="48611e3d-7123-4b99-b2cb-bfa4bc98024f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenities.png?VersionId=yKBexB.BgCkq4OET8fHDkWs0d3DjxOKJ" />

According to the Urban Context Report prepared by Urbis, Toowong Central is positioned as a “city-defining precinct reclaiming Toowong as ‘the best destination in the west’,” with a vision to deliver density differently, strengthen Toowong’s identity, and lead subtropical urban design.

There will be a wide range of apartment configurations, from one-bedrooms to five-bedroom penthouses, as well as short-term accomodation offerings. The design prioritises pedestrian permeability, with an activated public realm featuring a central civic plaza, laneways, and street-level retail and dining.

“The central square’s structure, programming, scale and location creates a social anchor - shaped by its edges, flexible for use, and animated by a diversity of experiences throughout the day and into the evening,” the Urban Context Report noted, reinforcing the project's ambition to become a vibrant community destination.

Design excellence was pursued through an international design competition, attracting entries from renowned practices such as UNStudio and BIG. KHA’s winning design distinguished itself with a ceremonial approach to the public realm, integrating terraces, tiered seating, and green infrastructure to promote social interaction and resilience.

The development builds upon two existing approvals: the 25- and 20-storey towers of the Aviary Toowong proposal, and a separate 25- and 24-storey approval at 88 Jephson Street. Consolidation of these fragmented landholdings under a precinct-wide approach allows for increased community value and cohesive urban integration.

Urbis Director Nicholas Stevenson said Toowong Central will bridge the gap in Toowong's current experience, unlocking the potential of the wider precinct.

"Overcoming experiential constraints and leveraging contextual advantages – Toowong Central will redefine Brisbane's inner west.”

<img alt="Toowong Central" data-entity-type="file" data-entity-uuid="73f7a702-625d-452d-9df2-30a0863ac1e8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/master.png?VersionId=TZdh6wxGC_8IIroXpdkZfuhlS8mFZnea" />

Toowong Central’s ambition extends beyond residential and commercial outcomes. Uses under consideration include a world-class hotel, university facilities, a museum, and health and wellness services, reflecting its role as a western gateway to Brisbane’s growing innovation corridor between the CBD and the University of Queensland.

Urbis Managing Partner James Tuma said Brisbane has no greater opportunity to showcase the future of urban living than Toowong – a sustainable, economically vibrant, and people-centric place that embodies the best of Brisbane.

[The plans] gives us a glimpse into our future as a globally relevant, youthful, entrepreneurial, and distinctly subtropical city.”

$1 billion Toowong Central to deliver 1,100 apartments to undersupplied Brisbane market

In <a href="https://www.apartments.com.au/developments/runaway-bay-qld-4216">Runaway Bay</a>, new townhouse-scale waterfront residences are rare - but ones built to the standards found on Sovereign Island are almost unheard of.

<a href="https://www.apartments.com.au/new-townhouses/ocean-suites-on-jennifer-10-12-jennifer-avenue-runaway-bay-qld-4216">Ocean Suites on Jennifer</a>&nbsp;changes that, delivering a calibre of construction and detailing that places its seven villas well above the typical market offering in this northern Gold Coast pocket.

Ocean Suites on Jennifer will be move-in ready before Christmas this year, giving buyers the chance to spend the summer on the water in one of Runaway Bay’s rare new waterfront residences.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214444]

The development is a collaboration between <a href="https://www.apartments.com.au/architects/stuart-osman">Stuart Osman Design</a> and <a href="https://www.apartments.com.au/developers/sand-side-developments">Sand Side Developments</a>, with construction by <a href="https://www.apartments.com.au/builders/alroe-constructions">Alroe Constructions</a>.

Architect Stuart Osman says the intent from the outset was to create a home people would be drawn to. “When you build anything, the design is to make you want to go hang out in this house,” he says.&nbsp;

Ocean Suites on Jennifer’s design features a front façade softened with planter boxes, rear pool areas, and rooftop decks looking over the water.&nbsp;

Inside, voids and high skylights bring daylight deep into the centre of each home, while ceiling heights of 2.85 metres maintain a strong sense of volume.

Each four-level residence spans 345 to 388 sqm, with layouts accommodating multi-generational living - a ground-floor bedroom suite for older family members and upper levels for the rest of the household. A lift connects all floors.

[smartcode_project:default project_id=138718 project_image_fid=214435]

For Andrew Erwin, Director at NPA, the project’s appeal lies in both its location and the detail in execution.&nbsp;

"At Ocean Suites, you’ve got a canal-front setting with direct Broadwater access and a level of finish you’d normally only see in the city’s most prestigious addresses. The four-level layouts, the glass-framed living areas, the private pools, even the extended kitchens, every part of it has been designed with the buyer in mind,” he says.

Those buyers have so far been a mix of Gold Coast locals and interstate purchasers, many seeking a lock-up-and-leave holiday home or a downsized residence without sacrificing space for visiting family.&nbsp;

Older households with teenage children are a recurring profile, drawn to layouts that support multi-generational living and the ability to host extended stays.

[smartcode_project:default project_id=138718 project_image_fid=214432]

Material selection reinforces the project’s quality-first ethos, with every home appointed to a premium standard. Kitchens and ensuites feature engineered stone surfaces, complemented by prestige oak engineered timber floors, Victorian ash hardwood staircases, and soft loop-pile carpet.

Premium lighting, statement pendants, ceiling fans, and Fujitsu ducted air conditioning elevate both comfort and design. Each residence also includes a suite of high-end appliances as standard - Fisher &amp; Paykel integrated fridges, Bosch ovens, induction cooktops and dishwashers, Vintec wine fridges, and Franke sinks.

Beyond the interiors, residents enjoy an enviable lifestyle with rooftop terraces, private plunge pools, fire pit areas, outdoor showers, smart home automation, laundry chutes, and private pontoons.

[smartcode_project:default project_id=138718 project_image_fid=214452]

With no additional upgrade costs, Sand Side Developments underscores its no-shortcuts approach, delivering homes where luxury and amenity come as standard.

Osman adds that the kitchen has been designed as “the main hub of the house” with six metres high skylights above a galley-style layout that “makes it feel bigger, brighter, whiter” and “brings light into the centre of the home.”

Both architect and builder emphasise a shared commitment to delivering the intended design without compromise. “Working with Alroe’s structural team and their construction team, it’s been great to make sure that the look and feel that was originally intended is the result achieved at the end of the project,” Osman says.&nbsp;

[smartcode_project:default project_id=138718 project_image_fid=214453]

Outdoor living has been given equal consideration, with rooftop terraces designed for entertaining with a fire pit and bar, and spacious undercover patios featuring private plunge pools.

The marine access is as carefully executed as the homes themselves. An eight-metre gangway leads to a six-metre private pontoon capable of mooring vessels up to 30 feet, just 300 metres by water from the Broadwater.&nbsp;

Even the orientation of each villa has been optimised to capture long views down the canal, across the Broadwater, and south to Main Beach.

With construction in its final stages, just three of the seven villas remain, priced from $3.365 million to $3.695 million.

[smartcode_project_cta:default project_id=138718]

Sovereign Island standards come to Runaway Bay with Ocean Suites on Jennifer

Without local developer <a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>, it could be argued that the small suburb of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> would be left behind when it comes to both new housing and retail opportunities.

Gardner Vaughan, one of South East Queensland’s most reputable builder-developers, has been based in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> for the last decade. They plan to maintain their presence in the northern <a href="https://www.apartments.com.au/developments/brisbane-qld">Brisbane</a> suburb, just seven kilometres from Brisbane Airport and nine kilometres from the city, with the development of <a href="https://www.apartments.com.au/new-apartments/danby-lane-nundah-village-5-danby-lane-nundah-qld-4012">Danby Lane</a>, the first major project in several years in the heart of the town centre.

GVG will retain one of the commercial spaces in the new mixed-use building for their office headquarters. It will be located in the commercial podium, alongside several other new office spaces. Below will be a street-level retail precinct designed to reinvigorate the local economy, and above, 84 brand-new apartments.

[smartcode_project:default project_id=112531 project_image_fid=320114]

Over 60 percent of the apartments have already been snapped up, with buyers eager to secure one of the rare new apartments in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, as well as to benefit from Gardner Vaughan’s solid reputation and long-standing presence in the local community.

[smartcode_project:default project_id=112531 project_image_fid=320117]

Gardner Vaughan identified the site at the corner of Buckland Road and Danby Lane for its proximity to key amenities. Within 400 metres of the development, <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Village offers a variety of cafes, restaurants, and pubs. <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> Train Station, just 400 metres away, provides a quick 20-minute train ride into Roma Street.

The development has also attracted young families, drawn to the proximity of not one, but twelve parks, with Boyd Park and Oxenham Park being the most notable. Established families have shown interest due to the close proximity of <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a> State School and Mary MacKillop College.

The one- and two-bedroom apartments in the building have already been snapped up, while the larger three- and four-bedroom apartments—ranging from a generous 117 sqm to nearly 200 sqm—remain highly sought after. There are also just three exclusive luxury penthouses left to sell.

With its in-house construction capability, Gardner Vaughan has already commenced construction on-site and expects to complete the building by March 2027. It's hard to see another opportunity to buy brand new in <a href="https://www.apartments.com.au/developments/nundah-qld-4012">Nundah</a>, where creating a site anywhere near the scale of the Danby Lane is becoming more and more difficult.

[smartcode_project_cta:default project_id=112531]

Why Danby Lane is the focal point for change in Brisbane's Nundah

<a href="https://www.apartments.com.au/developers/metro-property-group">Metro Property Group</a>’s flagship townhouse development, Citrine Townhomes in <a href="https://www.apartments.com.au/developments/rochedale-qld-4123">Rochedale</a>, has reached another key construction milestone, with the first stage of townhouses now in the defects phase.

All building works for Stage 1 are complete, with the internal roads asphalted, line marking finished, and the bin store slab poured.&nbsp;All essential services, including permanent power, sewer, gas, and water, are now connected and operational.

The defects process is expected to continue until late-August.

<img alt="Citrine Townhomes, Rochedale" data-entity-type="file" data-entity-uuid="f48ad1d8-7bb2-424a-a378-2caa4d34c27d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/017%20-%20%20ROLLEY%20PHOTO%20MEDIA%20%20%20-24072025.jpg?VersionId=o5BC3LgYTwxcufsjldO8mkPww3gix1NC" />

Stage 2 is also moving forward steadily, with all townhouses sheeted, the first coat of paint applied, and joinery installed throughout. Tiling has been completed on six of the seven blocks, and the pool is scheduled to be pebblecreted by the end of August.

Stage 3 continues to gather momentum, with external cladding completed on three of the eight blocks. All townhouses have been fully roughed-in for electrical, plumbing, and air conditioning, and the first two blocks have now progressed to internal sheeting.

Stage 1 and 2 are 100 per cent sold and there are now just 10 four-bedroom townhomes left in Stage 3, priced from $1,125,000.

[smartcode_project:default project_id=136295 project_image_fid=211]

Residents at <a href="https://www.apartments.com.au/new-townhouses/citrine-townhomes-rochedale-311-gardner-road-rochedale-qld-4123">Citrine Townhomes</a> can also look forward to high-quality shared amenities. The residents' facility will feature a pool, landscaped areas, and a BBQ space, contributing to a lifestyle-focused community environment.

Metro’s fully furnished display home has generated strong interest locally, reinforcing the market’s confidence in the project. Stage 1 and 2 are completely sold out and Stage 3 has officially launched and is selling fast. Just 10 townhouses remain for sale in the development.

[smartcode_project:default project_id=136295 project_image_fid=273134]

The broader Citrine development comprises 90 three and four-bedroom townhomes designed across two to three levels, offering a contemporary contrast to Rochedale’s surrounding single-family homes.

Located just 17 km from Brisbane CBD, Citrine is within walking distance to schools, parks, and the popular Rochedale Village, home to Coles, medical services, and dining options.

Metro Property Group remains on track for project completion, with settlements forecast for Stage 1 in October/November 2025, Stage 2 in November/December 2025, and Stage 3 in January/February 2026.

[smartcode_project_cta:default project_id=136295]

First stage of townhouses at Citrine Rochedale reaches completion milestone

Kirra Beach

Multi-award winning construction and development group Rawcorp are well underway with construction on their latest coastal development, ISLA Kirra Beach.

There's just six residences remaining at ISLA, a boutique block of 37 apartments at 10 Coyne Street, just a minutes walk from the famed Kirra Beach. The north-facing apartments offer extensive views across Kirra Beach.

ISLA Kirra Beach offers the ultimate in space, privacy and lifestyle, with just three residences per floor and an abundance of resort-style amenity.

&nbsp;

[smartcode_project:default project_id=24465 project_image_fid=194388]

Designed to promote a lifestyle of relaxation and wellness, the amenity on offer includes a pool with a Baja shelf and outdoor deck, along with sun lounges and a resident's outdoor lounge.

There will also be a sunset bar, European sauna, an outdoor shower and outdoor dining and barbecue facilities, along with a&nbsp;full-scale gym, indoor private dining, an indoor lounge, work from home facilities, and a yoga and stretching lawn.&nbsp;

[smartcode_project:default project_id=24465 project_image_fid=209076]

Internally, the apartments boast premium finishes including ducted air-conditioning, Smeg appliances, integrated fridges and 40mm stone benchtops.

They've designed the apartments to be spacious and offer seamless integration between the open plan kitchen and living areas, with the outdoors, with the entertainer's kitchens the heart of the homes.&nbsp;

&nbsp;

[smartcode_project:default project_id=24465 project_image_fid=194389]

The full-height glass frontage provides an abundance of natural light and ventilation into the homes, while also offering up protected views to Kirra Beach, the Pacific Ocean and the Gold Coast coastline.&nbsp;

Generous master-bedrooms provide a tranquil retreat in each apartment, with large walk-in robes and well-appointed ensuites with double vanities.&nbsp;

They even include dedicated laundry rooms with ample storage throughout.&nbsp;

[smartcode_project_cta:default project_id=24465]&nbsp;

ISLA Kirra Beach offers the ultimate in space, privacy and lifestyle, with just three residences per floor and an abundance of resort-style amenity

alisonwarters@gmail.com

ISLA Kirra Beach apartments over 80% sold with construction well underway

Experienced south-east Queensland builder, Greyburn Building Contractors, is moving ahead with construction on Immerse Projects’ boutique residential apartment project Rhythm Kirra Hill, following a solid take-up from buyers eager to get into the tightly held southern Gold Coast market.

Long-time builder John Kearney, who heads up Greyburn, is also the developer of Rhythm. It's the first mutli-res tower in the southern Gold Coast for Immerse Projects, who have focused previously on residential estates and terrace developments in the hinterland.

Rhythm Kirra Hill, at 30 Garrick Street, will comprise 40 coastal-inspired apartments across a seven-level building, within walking distance to the white sand of Coolangatta’s and Kirra’s world-class beaches.

“I am pleased to announce that Rhythm Kirra Hill is well and truly underway, and we look forward to seeing our vision come to life over the next 18 months,” Kearney said.

[smartcode_project:default project_id=112169 project_image_fid=207368]

Kearney says the company is well positioned to deliver Rhythm, having successfully completed a variety of residential projects across South-East Queensland.

“Demand for premium beachside apartments on the southern Gold Coast is higher than ever, so we are excited to be officially under construction with project certainty to bring this highly-desirable project to life."

The selling agent for Rhythm Kirra Hill, Jayde Pezet of Pezet Matheson, says construction comes hot off the back of strong enquiry for the project.

“The project has been exceptionally well received and many prospective buyers have been enticed by the project’s close proximity to key lifestyle amenities,” Pezet said.

[smartcode_project:default project_id=112169 project_image_fid=207549]

“We are continuing to see a high level of interest at Rhythm as more people recognise the unique opportunity to live in a premium apartment building just 350m to one of Queensland’s most famed beaches.

“World-class surf breaks, picturesque walkways, a major supermarket, boutique shopping and beloved local cafes restaurants is all an easy walk from your doorstep here at Rhythm Kirra Hill.”

A limited release of one and three-bedroom apartments have just been launched to the market. Now one, two and three-bed apartments are available.

Pezet says the ones and three's are already appealing to a range of buyers.

[smartcode_project:default project_id=112169 project_image_fid=207367]

One-bedroom and one-bathroom configurations are priced from $720,000, the two-bedroom and two-bathroom offerings are priced from $915,000. The three-bedroom apartments, which include a multipurpose room and two bathrooms, are priced from $1,355,000.

All apartments offer at least one secure car space and storage in the basement. Located on a prime corner site at the base of Kirra Hill at 30 Garrick Street, Rhythm will be framed by lush sub-tropical landscaping and offer residents a host of tailored amenities.

The rooftop will feature a pool, barbecue, and dining area. The ground level will feature a sauna, gym, outdoor shower, and meeting room, and offer the convenience of parcel lockers.

Completion is scheduled for 2024.

The Sales House is located at 39 McLean Street and the project is being jointly marketed by Pezet Matheson and Ashwin Property.

[smartcode_project_cta:default project_id=112169]

Rhythm Kirra Hill, at 30 Garrick Street, will comprise 40 coastal-inspired apartments across a seven-level building, within walking distance to Coolangatta’s and Kirra’s world-class beaches.



Construction begins on Rhythm, Kirra Hill apartments

The Miles Residences penthouse at Kirra Point will be the most elevated penthouse on the southern Gold Coast when it’s completed at the end of 2023.

The sprawling 760 sqm, split-level apartment tops Miles Residences, the residential component of regarded developer KTQ’s $380 million redevelopment of the Kirra Beach Hotel.

It crowns a further 114 apartments, which were all snapped up in just a couple of months in late 2020 when the striking project was launched.

But the penthouse was reserved for a little later in the marketing campaign, given it's uniqueness, but also to it’s $16.75 million price tag, which would make it the second most expensive off the plan apartment sale on the whole of the Gold Coast.

Exclusive selling agent of Miles Residences, Tim Keenan from the newly formed Keenan &amp; Byrne project marketing agency, says so far the penthouse has predominantly piqued the interest of Sydneysiders and locals.

[smartcode_project:default project_id=27575 project_image_fid=209121]

Apart from the obvious draws of the penthouse; it's rooftop pool, sweeping views, and prime location; Keenan says one of the most attractive propositions has been the rarity of what's on offer.

"It's an opportunity which will likely never again be repeated in this exclusive pocket," Keenan says, adding that the finishes and detailing of the penthouse are of a calibre he's never seen in an apartment before.

Some of the most impressive finishes and inclusions are in the kitchen and butler's bar, the heart of the home adjoining the main living area on the&nbsp;eastern wing of the first level.

The space is anchored by a 5m long, monolithic sculptural island bench and a full suite of Gaggenau appliances (nine in total), supported by sub zero refridgeration, wolf BBQ’s (one on each level) and Eurocave wine storage

There's a butler's pantry with full kitchen capabilities, as well as a separate bar area featuring a smaller version of the kitchen island bench and a serious wine storage zone.

[smartcode_project:default project_id=27575 project_image_fid=187457]

That's not the only kitchen in the huge penthouse.

Upstairs there’s a sprawling terrace with its own roofed kitchen and bar area complete with BBQ and pizza oven for entertaining family and friends.

That adjoins an outdoor dining area which is just steps to an elevated private pool and terrace which has sweeping views across Kirra and Snapper. Also on the upper level is an indoor multi purpose entertaining room and lounging space.

KTQ Development Director Jeremy Holmes says it will offer a view that is impossible to recreate.

"The penthouse is located on the north-east corner of the building, designed to take advantage of an incredible aspect with views of both the surf and the sweeping bays of the Southern Gold Coast.

"The best way to describe the view was as if someone walked down the street, stood in the perfect spot to look back at The Superbank, and decided to build an apartment there. That's how we know we're creating something that just won't be replicated."

[smartcode_project:default project_id=27575 project_image_fid=187456]

The first level of the penthouse comprises five bedrooms, each with their own ensuite and walk-in wardrobe.

The master retreat features the largest ensuite, with a curved feature bath, double vanity, and double shower, as well as a full walk-in wardrobe with dresser.

&nbsp;

[smartcode_project:default project_id=27575 project_image_fid=209217]

Four of the bedrooms are located off a second living or multi-purpose space, where there's also a study or kids playroom, a separate home office, and a separate indoor outdoor gym terrace.

The two levels of the apartment are connected by both an internal lift and a sweeping feature staircase through the void between the levels.

On top of the high level of finish of the penthouse, Keenan says what's also attracting buyers is the firm completion date, ready in time for the summer holidays 2023.

"A firm completion date for before next Christmas really fits the enquiry profile we're seeing, and ultimately the profile of the buyer we expect to see take the keys," Keenan says.

"Most of the interest has come from those&nbsp;who have previously holidayed on the Southern Gold Coast and have an affinity with the area, those who have done well in life, and want to live their dream for their kids, but at the highest level possible.

"They'll likely want to bring all of the extended family together, given the five large bedrooms, over holiday periods."

[smartcode_project:default project_id=27575 project_image_fid=138611]

The Kirra Point redevelopment will form the focal point of the Southern Gold Coast when fully completed in 2026.

The red hot South East Queensland market, from Burleigh to Coolangatta, will also benefit prospective buyers of the second stage of the Kirra Point redevelopment, which will be launched at the end of 2023, around the same time Miles Residences completes.

There's been a number of sell-outs across the Southern Gold Coast since the start of the pandemic, and when they're built, even more people are set to move to the area, Keenan says, noting that there will be even more holidaymakers in the area as hotels start to be developed.

"There are new cafes, restaurants, and hotels being built around the area ready for the influx of tourism and migration.

Holmes says Kirra Point, which will have 15 specialist shops, will be a highly curated retail and food and beverage experience that stays true to the region and what is has to offer.

Despite a wave of redevelopment over the southern Gold Coast in recent years, Keenan says the area remains true to what the Gold Coast lifestyle is all about.

"The draw of the Southern Gold Coast and the Miles Residences Penthouse is that you can see the glittering high-rises of Surfers and Broadbeach, but you're tucked away in a pocket that's the epitome of the relaxed Gold Coast beach lifestyle," Holmes added.

Architect Mark Damant from Little Boat Projects, who handled the designs of Miles Residences and the Kirra Point redevelopment when he was principal at Woods Bagot, has designed the next stage of Kirra Point, which includes a further 88 apartment in a 13-level tower, crowned by a rooftop pool and recreation area, as well as a separate luxury 92-room hotel in a six-level building fronting Marine Parade.

[smartcode_project:default project_id=27575 project_image_fid=138620]

KTQ Group have an enviable track record of producing the highest level of both residential and commercial developments. They developed and currently operate the go-to Byron Bay resort Elements of Byron, and they recently received approval for the Serēn project, bringing a level of luxury unseen in the Gold Coast market before.

Serēn, pronounced serene, will comprise an independent, luxury 60-room hotel, with some suites offering over 100 sqm of living space. The hotel will occupy levels three to six, then above is the hotel and the residences pool and recreation decks. Then above the level nine wellness level are the 60 residences, the smallest on offer spanning a huge 350 sqm and offering three-bedrooms and a multi-purpose room.

[smartcode_project_cta:default project_id=27575]

Apart from the obvious draws of the penthouse; it's rooftop pool, sweeping views, and prime location; Keenan says one of the most attractive propositions has been the size, which in turn is reflected in the price

The Miles Residences Penthouse: The crowning jewel in the transformation of Kirra Point

The tightly held Coolangatta pocket, one of the fasting growing area's in the southern Gold Coast, has welcomed its newest apartment project.

Nestled between the idyllic Kirra Beach and Coolangatta is Rhythm Kirra Hill, a collection of 40 coastal-style apartments at 30 Garrick Street.

The development is the first to be launched under newly branded development company Immerse Projects, which benefits from John Kearney’s 20 years of development experience in south-east Queensland.

[smartcode_project:default project_id=112169 project_image_fid=207366]

"The architecture, sub-tropical landscaping, and amenity of Rhythm follow our ethos of designing and delivering high-quality projects and we have been able to consider how this project can fit well within the area and suit the lifestyle of its future residents,” said Kearney.

Designed by award-winning firm BDA Architecture, Rhythm Kirra Hill will capture the essence of a modern coastal lifestyle with a selection of two-bedroom, two-bathroom apartments across the seven-level building, with five different floorplans on offer.

“There are to be five different floor plates, all of a unique nature that have been designed to appeal to a wide section of the market," Kearney said.&nbsp;

Apartments range in size from 95sqm to 157sqm with prices starting from $895,000.

“Rhythm Kirra Hill will appeal to a range of buyers through quality designs that we believe create useable living spaces in an ideal coastal location."

[smartcode_project:default project_id=112169 project_image_fid=207367]

Over half of the apartments will offer two carparking spaces, while the development will have 31 bike parks for residents in addition to six visitor carparks and eight visitor bike parks. Each apartment will also have its own storage cage in the basement level. These apartments are also future-proofed with provisions for solar panels, electric car charging and parcel delivery lockers.

Rhythm Kirra Hill will also feature a host of tailored amenities framed by sub-tropical landscaping. The rooftop will feature a pool, barbecue area, and sun lounge deck and the ground-level amenity includes a sauna, gym, meeting room, and an outdoor shower.

“Rhythm Kirra Hill has been meticulously designed to suit a wide-range of buyers seeking a high-quality, well-designed apartment that offers a relaxed beachside, walk-to-wherever lifestyle” said Kearney.

“Our design considers a wide sector of the market from downsizers wishing to stay within proximity to their existing detached dwellings to young couples seeking proximity to the beach and employment."

"World-class surf breaks, picturesque walkways, and beloved local cafes and restaurants sit essentially at your doorstep at Rhythm Kirra Hill,” Kearney added.&nbsp;

[smartcode_project:default project_id=112169 project_image_fid=207368]

The launch of Rhythm Kirra Hill comes on the heels of the commencement of early works by Greyburn Building Contractors, one of south-east Queensland’s leading building companies with 35 years’ experience in construction - also headed by Kearney.

Construction on Rhythm Kirra Hill is due to commence this month, with completion scheduled for early 2024.

[smartcode_project_cta:default project_id=112169]

Prices start from $895,000 for the two-bedroom apartments that range in size from 95 sqm to 157 sqm.

Rhythm Kirra Hill brings affordability back to Kirra

For years Gold Coast locals have been drawn to Kirra, a small pocket within the wider Coolangatta suburb. Its beautiful beach, quiet, laid-back lifestyle, and also being recognised as Australia’s spiritual home of surfing, makes it now one of the most popular spots across the whole of the Gold Coast.

But it was only the pandemic that highlighted all of the above to the rest of the country, and even a few locals, with Kirra one of the most in demand areas across the country, as the Gold Coast enjoyed a property boom like no other region. Sydneysiders and Melburnians descended on the area, seeking a change in lifestyle that only somewhere like Kirra can bring.

Anyone with a board knows Kirra Beach. It is part of the Gold Coast World Surf Reserve, one of only eight in the world. Kirra Point, separating Kirra Beach to the West and Coolangatta Beach to the East, is one of the Gold Coast’s and the world’s premiere surf breaks.

[smartcode_project:default project_id=112210 project_image_fid=198836]

It’s not just surfers who are taking advantage of what Kirra has to offer, albeit every new apartment development must have surf racks and a beach shower.

Families young and old have shown significant interest in Kirra, due to the beach being one of four (Coolongatta, Greenmount and Rainbow Bay), all within easy walking distance. Kirra’s rare north-facing beach, only really comparable with the likes of Byron Bay and Noosa, provides beautiful turquoise water, protected from the elements.

Azura Griffen, who heads up sales for the prominent local Gold Coast developer Marquee Development Partners, said that despite being a lifelong Gold Coast local, she had only recently discovered how special Kirra is.&nbsp;

“It’s truly the hidden gem of the coast,” Griffen suggested.

[smartcode_project:default project_id=112210 project_image_fid=198838]

“Sitting at the southern end of the Gold Coast, nestled within Coolangatta, and just a stone's throw away from northern NSW, Kirra has a vibrant, relaxed village atmosphere filled with beachfront cafes, restaurants and parks.”

The village vibe will be heightened with the $385 million redevelopment of the Kirra Beach Hotel retail &amp;amp; entertainment precinct, which is currently being undertaken by the same team behind the popular, award-winning hotel and spa Elements of Byron.

The access to the airport compared to some of the more headline grabbing area of Main Beach and Broadbeach has proven to be another drawcard for those looking for weekenders and future retirement homes, with the proximity to the M1 also presenting direct access to Brisbane, Surfers Paradise, Byron Bay and the Gold Coast airport.

Lack of high-end stock is expected in the incredibly tightly held area, with construction costs soaring to record highs and land values also hitting records. The area is so tightly held, Marquee Developments, who recently sold-out SOL Kirra to their database, spent years working on creating a development site which they knew would bring one of the best apartment projects to Kirra.

[smartcode_project:default project_id=112210 project_image_fid=198835]

Monterey, set at the quiet northern end of Musgrave Street, is just a stroll down the popular strip to the cafes and restaurants, and the brand- new beachfront Siblings Restaurant and Bar. To the north is the upcoming Native Stage Fitness and Wellness Centre, which is set to open in 2023, as well as the North Kirra Surf Lifesaving Club.&nbsp;

What’s most special about Monterey is what is directly in front of it. Marquee put together 12 individual apartment owners to create a site with the largest expanse of beach frontage on the southern Gold Coast. The site is half the size of a footy field.

Each apartment in Monterey, a maximum of just three per floor, will have views both along the coastline towards Surfers Paradise or over the Pacific Ocean to Snapper Rocks. Traditionally developments along the Gold Coast beachfront offer one or the other, nowhere else do you enjoy both the iconic skyline and Snapper views.

[smartcode_project:default project_id=112210 project_image_fid=198837]

Surf racks and surfboard wash station on entry, Monterey offers just 35 three, four and five-bedroom apartments and penthouses, designed with the open plan kitchen living and dining space, as well as the master bedroom suite, to open up to the postcard views.&nbsp;

Marquee knew they would get extensive enquiry from Sydney and Melbourne, which has also been met with prospective buyers from the US and New Zealand, so they have strict agreements with owners that the apartments are not available for short-term letting, a move in which they believe will make for a more community-focused building of likeminded residents.

[smartcode_project_cta:default project_id=112210]

It’s not just surfers who are taking advantage of what Kirra has to offer, albeit every new apartment development must have surf racks and a beach shower

Noosa, Byron and now Kirra… Why Kirra is becoming the most sought-after beachfront destination on the east- coast

The redevelopment of the Kirra Beach Hotel, the large scale&nbsp;project by the luxury apartment developer and hotel operator, KTQ, is set to be delivered well ahead of schedule.

Rather than delivering the vast project in four stages, KTQ, led by Peggy Flannery, will be delivering the development as a single and final stage, which will bring forward project completion by three years.

KTQ has made tweaks to the plans, added a floor of commercial space and another level of hotel rooms, taking it to a 92-room hotel. There will be another two levels of apartments in the second residential tower, which will see a further 13 apartments and 14 hotel rooms added.

<img alt="" height="862" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_point_whole.jpg" width="1200" />

The resort pool and bar has moved to the rooftop on Level 6, and the pool and recreation facilities for the second&nbsp;residential tower is also on the rooftop &ndash; level 13.

KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments&nbsp;snapped up within just a few months.

That saw construction of Miles Residences, as well as the new pub and pavilion that will replaced to original Kirra Beach Hotel, fast-tracked.

The project is now well underway, with demolition, excavation, and ground work commenced.

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="1066" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/_g1a2346-x311.jpg" width="1600" /></a>

&quot;We have been working with&nbsp;Mark Damant&nbsp;and the team at&nbsp;Little Boat Projects, alongside&nbsp;nettletontribe&nbsp;and&nbsp;Urbis, on this reimagined people-first precinct, with stage one&nbsp;already under construction,&quot; KTQ Development Director, Jeremy Holmes, said.

&quot;We can&#39;t wait to see this all come together.&quot;

Damant says the precinct laneways, with extensive retail, will offer &quot;something for everyone.&quot;

<a href="/buildings/miles-kirra-beach-hotel-101-musgrave-street-coolangatta"><img alt="" height="896" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_miles_2.jpg" width="1200" /></a>

There will be another opportunity to buy in the sought-after precinct later this year, with&nbsp;a second residential building with resident amenity on the roof, to hit the market in the summer.

The well regarded building firm, Hutchinsons,&nbsp;are handling the construction of the development, which is set to be the go-to spot just off the sand.

&ldquo;We&rsquo;re on the cusp of a renaissance for&nbsp;Kirra Beach&nbsp;that will deliver an exciting new destination in its own right where locals and visitors will be able to live&nbsp;work and play,&rdquo; Holmes added.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/kirra_point_front.jpg" width="1200" />

&ldquo;Our plans have drawn on the history of the site that for generations was the social heart of the southern Gold Coast.

&ldquo;The incredible market response to our first-stage release affirms our faith in our vision for the site which will be delivered over the next few years.&rdquo;

KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments snapped up within just a few months

KTQ bring Kirra Point development forward by three years

After a number of back-to-back sell outs up and down the Gold Coast, Marquee Development Partners has been given the greenlight for their next project.

The luxury tower, dubbed Monterey, on one of the last remaining Kirra beachfront sites at 4-6 Musgrave Street, will have 35 apartments across its 14 levels, with just high-end three and four-bedrooms on offer.

It&#39;s been designed by the Brisbane-based Ellivo Architects, and will replace an ageing apartment block of 15 which has been on the 1,163 sqm&nbsp;site for over five decades.

It will be Marquee&#39;s 10th project on the Gold Coast in the last four years.

[smartcode_project:default project_id=112210 project_image_fid=198836]

Most recently Marquee secured sell-outs at SOL Kirra Beach, Palm Beach Residences and Northshore, both&nbsp;at Palm Beach, and Cannes Waterfront, One Cannes and Shoreline, all three located between Broadbeach and&nbsp;Surfers Paradise.

Marquee has spent the past two years amalgamating the Kirra site through individual negotiations with 15 apartment owners.

&ldquo;We believe this is the best site available in Kirra today,&rdquo;&nbsp;Marquee Development Partners&rsquo; sales manager Azura Griffen&nbsp;said.

&ldquo;No other remaining site offers this much beach frontage, so it&rsquo;s quite unique and well worth the significant effort from our end to acquire the property.&rdquo;

The site is located along the Kirra beachfront and has around&nbsp;45 metres of north-facing beach frontage, with an aspect that captures vistas of the Gold Coast coastline from north to south.

[smartcode_project:default project_id=112210 project_image_fid=198839]

&ldquo;With all apartments enjoying a north-facing aspect, residents will enjoy vistas that capture sunrises over Snapper Rocks and sunsets behind the Gold Coast skyline,&rdquo; Griffin added.

&ldquo;The extra-wide frontage has allowed us to design every apartment with kitchens, living spaces and master bedrooms all facing the beach, providing a deep connection between the interiors and the stunning panoramas that surround.

&ldquo;All this with the natural beauty of Kirra Beach and its world-class surf breaks at your door. Kirra today offers even more with an emerging caf&eacute;, restaurant and entertainment scene that has made this southern Gold Coast gem one of the most sought-after lifestyle destinations for residential buyers over the past 12 months.&rdquo;

Marquee has already started receiving a number of expressions of interest from potential buyers ahead of the official launch of Monterey Kirra Beach in April.

&ldquo;Buyers have been closely monitoring our progress with this project, several of which are familiar with the high quality marquee developments and how quickly they have been selling out.

&ldquo;Monterey is an exceptional site and we&rsquo;ve crafted an equally exceptional development to do it justice, and the market is responding well to our vision.&rdquo;

[smartcode_project_cta: project_id=112210]

Marquee has spent the past two years amalgamating the Kirra site through individual negotiations with 15 apartment owners

Marquee Development Partners secure approval for Kirra Beach apartment development, Monterey

The Kir​ra Beach and Rainbow Bay area in Coolangatta, on the south end of the Gold Coast,&nbsp;has emerged as one of the hottest apartment spots not only on the Gold Coast, but arguably across the country, in the last 12 months.

Beloved by locals, the area is famous for its quiet beach, limited tourist activity, and its surf. The latter is so popular that most developers build in surf board racks and storage to their amenity, next to outdoor showers to wash off the sand.

Kirra Beach&nbsp;has been one of the hottest markets on the Gold Coast since December 2020, when Miles Residences, the development by KTQ, was launched. The $450 million project, part of the redevelopment of the iconic&nbsp;Kirra Beach&nbsp;Hotel, snappily sold out stage one, with future stages to be released early next year.

The quick sell-out of&nbsp;Joe Adsett&#39;s Rockpool at Rainbow Bay followed, without any need for marketing. Marquee Developments Partners also didn&#39;t need any marketing to sell out their development SOL in Kirra Beach&nbsp;recently.&nbsp;

Hirsch &amp; Faigen&#39;s luxury Emerson development on Musgrave Street has been in high demand, with the luxury, mostly whole-floor, development now over 60 per cent sold.

And there&#39;s a healthy pipeline of projects for 2022. We&#39;ve wrapped up the developments, pending council approval, will be launching in 2022.

<h2>1. 44 Eden Avenue, Coolangatta</h2>

Developer: Kingbella Group, Steer Developments, CAPDEV Partners

Architect: Plus Architecture

Kingbella Group, led by Joel and Laura Percey, and Steer Developments, ran by Robert Steer, are teaming up again for their first project in Kirra Beach, regularly working in&nbsp;partnership for a number of years. They&#39;ve also got Oliver Bagheri, Jon Quayle and the Chapter Two team on board for for the project, proposing a 12-level development on the dress circle Eden Avenue, which will home 91 apartments and three townhouses.

It will sit across four amalgamated lots totalling 1,924 sqm between 44 and 50 Eden Avenue.

To track the project through to sales, enquire here.

<img alt="" height="723" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/eden_ave_coolangatta.jpg" width="1200" />

There will be 70 two-bedroom apartments, varying in sizes and aspects, with each having either a multi-purpose room or study. The 24 three-bedroom apartments are located on levels nine and up.

A unique feature of the design are the proposed two-storey &ldquo;beach houses&rsquo; that fringe the building on the ground plane. The residences boast their own private street access and provide owners with all the creature comforts of a modern day beach house but with the benefit of access to resort style facilities.

<img alt="" height="725" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/eden_ave_coolangatta_4_0.jpg" width="1200" />

The development will be crowned by a rooftop amenity level featuring an infinity edge pool, sun beds, adjoining spa, a wet deck, garden day beds and barbecue booths and is expected to launch around Easter this year.

To track the project through to sales, enquire here.

<h2>2. 7 Douglas Street</h2>

Developer: Mosaic Property Group

The burgeoning South East Queensland apartment developer, who plans to launch nine new projects across Brisbane, the Gold Coast, and Sunshine Coast this year, are readying their&nbsp;second project in the Kirra area.

Following the success of Elan,&nbsp;Mosaic has lodged plans with the Gold Coast City Council for a nine-level building at 7 Douglas Street, just off Musgrave Street.

<a href="/new-apartments/luca-7-douglas-street-coolangatta-qld-4225">To track the project through to sales, enquire here.</a>

<a href="/new-apartments/luca-7-douglas-street-coolangatta-qld-4225"><img alt="" height="275" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/7_douglas_main_mosaic.jpg" width="500" /></a>

There will be 31 two and three-bedroom apartments across the tower, which architecture firm Gatehouse Architects designed to connect the occupants to the local environment.

&quot;Occupants are able to embrace the inside / outside relation synonymous with a modern Queensland lifestyle.&quot; Gatehouse noted.

The resident communal area is located on the first level and includes a resort-style pool with day beds, a seating and dining area next to an outdoor kitchen, and a sauna.

<img alt="" height="984" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-01-28_at_12.36.09_pm_0.png" width="1450" />

Balconies and living spaces have been positioned to capture ocean views while maintaining privacy between dwellings and neighbour properties.

<a href="/new-apartments/luca-7-douglas-street-coolangatta-qld-4225">To track the project through to sales, enquire here.</a>

<h2>3. Palais -&nbsp;31-35 McLean Street, Coolangatta</h2>

Developer: BeckDev

Architect: BDA Architecture

The Melbourne-based developer, who was behind the restoration of historic 333 Collins Street in their home city, has submitted plans for a $130-million tower at 31-35 McLean Street, Coolangatta.

Palais, named after the Jazzland Dance Palais that has stood on the 2,355 sqm site since the 1930s, will have 175 one, two and three-bedroom apartments, as well as resident facilities and a street-level plaza with retail space. BeckDev was among six local and interstate buyers vying for the site at 31-35 McLean Street, which was purchased earlier this year.

<a href="/new-apartments/palais-coolangatta-31-35-mclean-street-coolangatta">To track the project through to sales, enquire here.</a>

<img alt="" height="831" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/palais_coolangatta_3_0.jpg" width="1200" />

Founded by the Beck family and chaired by development industry veteran Max Beck, has appointed BDA Architecture to design a collection of sky homes with a contemporary beachside outlook.

Ben Beck, director of BeckDev and son of the industry veteran Max Beck, said Coolangatta stood out as one of the Gold Coast&rsquo;s gems.

&ldquo;Its riches lie in its natural amenity, world class surfing beaches and deep sense of community,&rdquo; Beck said.

<a href="/new-apartments/palais-coolangatta-31-35-mclean-street-coolangatta">To track the project through to sales, enquire here.</a>

<h2>4.&nbsp;39-41 McLean Street</h2>

Developer: Greyburn

Architect: BDA Architecture

The tallest tower currently out for approval is at&nbsp;39-41 McLean Street, where the Southport-based building firm Greyburn are seeking to build a 19-level development with&nbsp;63 apartments.

There will be&nbsp;28 two-beds, starting from 85 sqm of internal space, and 35 three-bedroom apartments which start from 110 sqm.

<a href="/new-apartments/39-41-mclean-street-coolangatta">To track the project through to sales, enquire here.</a>

Currently on the site is the disused surf shop, Sunhouse but there are plans to anchor the development with a street-level cafe.

<img alt="" height="727" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/39_mclean_street_coolangatta_3_0.jpg" width="1200" />

Crowning the new McLean Street project will be a rooftop pool, gym, lounge and kitchen area, and indoor and outdoor dining spaces.

BDA Architecture, who handled the design, said in their submission to the Gold Coast City Council that the attributes of the site suggest that it is an ideal location for affordable residential accommodation. The tower is inspired by the Coolangatta headlands and the surrounding coast and sea.

<a href="/new-apartments/39-41-mclean-street-coolangatta">To track the project through to sales, enquire here</a>

Beloved by locals, the area is famous for its quiet beach, limited tourist activity, and its surf

The top four Kirra Beach, Coolangatta apartment developments to watch out for in 2022

As they gear up to release something special to the Surfers Paradise beachfront, the family-ran KTQ Group are set to top off their hugely successful Miles Residences project at Kirra Beach.

KTQ, led by Peggy Flannery, has just released the special penthouse crowning Miles Residences, which sold out in just a couple of months after its launch in December 2020.

Miles Penthouse, the most&nbsp;elevated penthouse&nbsp;on the southern Gold Coast and priced at $16.75 million, has been two years in design to offer a complete custom residence.

The 760 sqm split-level penthouse will be made up of five ensuited bedrooms, a state-of-the-art gym, home office, three living areas, and a study.

[smartcode_project:default project_id=27575 project_image_fid=187457]

The heart of the heart of the home if the open plan kitchen, living and dining area, which also homes a bar. The penthouse also features a rooftop entertaining deck, accessed by private lift and featuring a private pool, as well as offering unobstructed views north across Kirra Beach to Surfers Paradise&nbsp;and south to Snapper Rocks.

&ldquo;We purposely held back the release of this penthouse as it has been our passion to take advantage of this incredibly rare opportunity and create something of distinction overlooking Kirra beach,&rdquo; said Jeremy Holmes, Development Director of KTQ Group.

&ldquo;There will never be another penthouse of this calibre and position on the southern Gold Coast.&rdquo;

[smartcode_project:default project_id=27575 project_image_fid=187456]

&ldquo;No detail has been overlooked, this penthouse contains every consideration for elevated coastal living including a secure seven&nbsp;car garage with storage.&rdquo;

The penthouse collection was initially devised as a duo; however, the second penthouse has been retained by&nbsp;Peggy and Brian Flannery.

[smartcode_project:default project_id=27575 project_image_fid=138620]

&ldquo;We fell in love with the ambitious design of the penthouse, it became a passion project for us to devise the most indulgent home we could envision, and once we witnessed the finished product, we found ourselves too enamoured to give it up,&rdquo; Peggy Flannery said.

&ldquo;Such a remarkable destination demanded an equally scintillating residential offering, and so the penthouse was born from a desire to elevate the greatest natural assets on offer in Kirra.

Tim Keenan, of Keenan and Co who sold out all 118 apartments of Miles Residences as part of the $350 million redevelopment of the Kirra Beach Hotel, says prospects from around Australia have been aware the penthouse was coming to market.

&ldquo;We&rsquo;ve had some approaches from groups mindful that we would bring this to the market at some point, so there is definitely some keen interest,&rdquo; said Mr Keenan.

&ldquo;It really is an incredible, once in a lifetime offering and we expect very keen interest in the coming weeks.&rdquo;

Construction on Miles Residences is currently underway, with construction of the crowning penthouse due for completion in mid-2023.

“There will never be another penthouse of this calibre and position on the southern Gold Coast.”

KTQ release near $17 million Miles Residences, Kirra Beach penthouse

Kir​ra Beach has emerged as one of the hottest spots on the Gold Coast in the last 12 months.

There's been a number of boutique apartment projects, targeting the high-end owner-occupier market, with little in the way of more affordable stock.

The new tower at 39-41 McLean Street, which will see more affordable stock than what's currently on offer, will rise 19 levels and home 63 apartments, made up of 28 two-beds, starting from 85 sqm of internal space, and 35 three-bedroom apartments which start from 110 sqm.

<a href="/new-apartments/39-41-mclean-street-coolangatta">To be notified when the project hits sales, enquire here.</a>

It sits next door to the old Jazzland Dance Palais which Melbourne developer&nbsp;<a href="/news/qld/beckdev-set-for-palais-coolangatta-apartment-development">BeckDev are seeking to turn in to apartments</a>.

<img alt="" data-entity-type="" data-entity-uuid="" height="735" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/39_mclean_street_coolangatta_2.jpg" width="1200" /> 
BDA drew inspiration from Manhattan's Flatiron building. Image credit: BDA Architecture

Crowning the new McLean Street project will be a rooftop pool, gym, lounge and kitchen area, and indoor and outdoor dining spaces. The development will be anchored at street-level by a cafe.

BDA Architecture, who handled the design, said in their submission to the Gold Coast City Council that the attributes of the&nbsp;site suggest that it is an ideal location for affordable residential accommodation.

<a href="/new-apartments/39-41-mclean-street-coolangatta">To be notified when the project hits sales, enquire here.</a>

"The design proposal is to create a building form that accentuates the junction of McLean and Musgrave Street providing elements that welcome people to the heart of Coolangatta," the submission by lead architect Christopher Cumming read.

<img alt="" data-entity-type="" data-entity-uuid="" height="727" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/39_mclean_street_coolangatta_3.jpg" width="1200" /> 
The tower's sculptural facade. Image credit: BDA Architecture

"The tower is inspired by the natural landforms of the Coolangatta headlands, the fluid movements of the beach, with the base informed by the existing form and scale of the McLean Street buildings but clothed with landscape of the Kirra headland.

"A palette of natural whites and darker tones combined with face brick complement and enhance the existing Coolangatta built form character. The proposed bold building form and layered facade results in a timeless expression.

"The public realm interface to the street is key to creating an enhanced pedestrian experience and bookend to the McLean Street frontage."

<img alt="" data-entity-type="" data-entity-uuid="" height="676" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/39_mclean_street_coolangatta_4.jpg" width="1200" /> 
The proposed ground-level retail space. Image credit: BDA Architecture

The development was submitted by a company linked to John Kearney, who is a director at the Southport-based building firm Greyburn. Currently on the site is the disused surf shop, Sunhouse.

Kirra Beach has been one of the hottest markets on the Gold Coast since December last year when Miles Residences, the development by KTQ, was launched. The $450 project, part of the redevelopment of the iconic Kirra Beach Hotel, snappily sold out stage one, with future stages to be released early next year.

The quick sell-out of Joe Adsett's Rockpool by Rainbow Bay quickly followed, without any need for marketing. Marquee Developments Partners also didn't need any marketing to sell out their SOL Kirra Beach recently.&nbsp;

<a href="/new-apartments/39-41-mclean-street-coolangatta">To be notified when the project hits sales, enquire here.</a>

Hirsch &amp; Faigen's luxury Emerson development on Musgrave Street has been in high demand, with the luxury, mostly whole-floor, development now over 60 per cent sold.

[smartcode_project:default project_id=106646 project_image_fid=184798]

Cr​u Collective also has a luxury project around the corner, with SUR Kirra Beach apartments selling for over $4 million each.

There are a few opportunities in the pipeline though for more affor​dable apartments in the area.

Just a few doors down from the new tower will be&nbsp;<a href="/news/qld/beckdev-set-for-palais-coolangatta-apartment-development">Melbourne developer BeckDev's Palais Coolangatta</a>, a redevelopment of the&nbsp;old Jazzland Dance Palais that has stood on a 2,355 sqm McLean Street site since the 1930s.

That will see175 one, two and three-bedroom apartments built, as well as resident facilities and a street-level plaza with retail space.

Also in the area on Eden Avenue will be the development&nbsp;by joint venture partners&nbsp;Steer Developments, Kingbella, and Capdev, who are <a href="/news/qld/beachside-luxe-living-set-for-rainbow-bay-as-new-apartment-tower-proposed">seeking to build 94 apartments as well as a handful of two-storey beach houses</a>.

The new tower at 39-41 McLean Street, which will see more affordable stock than what's currently on offer, will rise 19 levels and home 63 apartments

Kirra Beach

Editor's Picks

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.

Kirra Beach

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.