Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Joel Robinson

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Property developer One Living, backed by former Macquarie banker turned investment manager Chris Green’s investment firm, has unveiled plans to bring more institutional capital into housing to help address the national supply crisis.

The New York-based investor has focused his firm, GreenPoint Partners, on addressing the supply shortage hitting middle market housing in Australia.

It is backing the new One Living business to develop more than 1000 units along the eastern seaboard. The new firm is starting with a development on Mona Vale Road, on the border of Mona Vale and Pymble, in Sydney’s Northern Beaches, with around 140 apartments planned. They are eyeing off more sites across the city.

With cost pressures rising in the industry, One Living’s model is to be a vertically integrated developer-builder, so it can respond directly to the housing gap by removing the cost inefficiencies embedded in traditional residential delivery.

“We are building a platform designed to operate at scale and starting in a market where there’s a clear need for quality, attainable housing,” One Living joint managing director Joseph Scuderi said.

“It’s that missing middle – it’s that attainable end of housing… that’s what most Australians invest into and what Australians can actually afford.”

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="798dfa93-4941-4db6-a696-31e9dc18e81c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.31.50%E2%80%AFPM.png?VersionId=mKBqi5C_DmeiXS.AtJkcR8LQIxqCqmFi" />

GreenPoint Partners brings years of experience assembling and scaling real estate operating businesses across major markets. And Green sees a big opportunity in Australia.

“For its size, sophistication and importance to the community, Australia’s living sector has remained largely under-institutionalised, which represents significant opportunity,” Green said. “GreenPoint identified that gap, assembled the right team, and is backing One Living to build a platform that is aligned to market needs.”

Green said being a builder-developer would give the company the capacity and flexibility it required to deliver reasonably-priced homes.

“We want it to be at that attainable level; not super high end luxury but at that attainable level,” he said.

<img alt="Mona Vale" data-entity-type="file" data-entity-uuid="74a5344a-4b26-4d4a-ada3-056b1220be77" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-28%20at%202.32.15%E2%80%AFPM.png?VersionId=vY8hXHO4reBMdO8ZXMWCNtGZJofUPQ3j" />

&nbsp;

One Living will undertake a component of affordable housing in its schemes, which it will own and operate, and it could also run build-to-rent on some sites.

Green praised local policy settings.

“The NSW government is being very supportive, strategic and pragmatic in terms of how do we generate more supply of housing,” he said. “We think it’s actually positive for development and the bit that’s been lacking at that attainable level is that it’s lots of relatively small private developers, whereas we want to create an institutional platform.”

One Living is also&nbsp;looking at high-density projects and could take on more institutional funding in the future.

“The way we will be able to achieve economies of scale is through size,” Green added.

One Living enters Sydney's new apartment market with Northern Beaches site acquisition

It's been several years since there's been an opportunity to buy a brand new townhome in Melbourne's coastal suburb of Mordialloc. Even apartment developments in recent times have been few and far between in the area.

Local developer LDS Property identified the gap in new housing, securing a site on White Street, directly opposite&nbsp;Woodlands Golf Club Mordialloc. They've recently launched&nbsp;<a href="https://www.apartments.com.au/new-townhouses/wm-residences-mordialloc-102-white-street-mordialloc-vic-3195">WM Residences</a>, just 13 townhouses which they have already started building.

Projects by Buxton Director Heath Thompson, who is selling WM Residences, says the townhouses x that perfect middle ground be

"Mordialloc residents have had limited options to downsize within the suburb, often forcing them to look elsewhere despite long-standing ties to the area," Thompson says.

"With very little comparable new supply coming to market, projects like WM Residences are well placed, particularly as buyers look to capitalise on current conditions amid constrained supply."

[smartcode_project:default project_id=134646 project_image_fid=6109]

The development, designed by regarded architecture firm&nbsp;<a href="https://www.apartments.com.au/architects/ewert-leaf">Ewert Leaf</a>,&nbsp;adopts a deliberately restrained architectural approach, focusing on simplicity, durability and liveability rather than overt design gestures.

The boutique scale is central to the offering. With only 13 three-bedroom residences, each home is configured to prioritise functional layouts and everyday use, supported by private terraces and secure two-car garages.

Ewert Leaf’s design response leans into a calm, neutral material palette. Interiors are defined by oak flooring, white walls and soft finishes, creating a consistent and understated backdrop. The approach avoids trend-driven detailing in favour of longevity, with an emphasis on natural light and spatial clarity.

[smartcode_project:default project_id=134646 project_image_fid=6110]

Beyond aesthetics, the homes are designed to meet contemporary performance expectations. Each residence targets a minimum 6-star energy rating, incorporating double glazing, comprehensive insulation and all-electric Bosch appliances.

The project’s location supports a walkable coastal lifestyle, sitting within close proximity to Mordialloc’s foreshore, Main Street retail strip and the train station. Local cafés and dining venues, including Suburbia Deli and Hendriks Café, are within a short walk, reinforcing the area’s established neighbourhood character.

[smartcode_project:default project_id=134646 project_image_fid=6116]

While <a href="https://www.apartments.com.au/developments/mordialloc-vic-3195">Mordialloc</a> is often defined by its beach and pier, the project taps into other areas of day to day living, offering easy access to local food, casual dining and transport, rather than positioning itself purely as a lifestyle retreat.

WM Residences reflects a continued trend across Melbourne’s coastal suburbs towards smaller-scale, design-led townhouse developments, particularly on infill sites where proximity to amenity is already established.

With construction commenced prior to its market entry, the project aligns with a growing preference among buyers for developments with visible progress and defined delivery timeframes.

[smartcode_project_cta:default project_id=134646]

WM Residences fills gap in Mordialloc townhouse market

Main Beach

The Masthead Ocean Club is set to redefine coastal living in Australia in a&nbsp;creative collaboration between industry leaders formed to deliver an exclusive lifestyle proposition, global in scale and ambition.

Designed by an internationally-renowned team, the Masthead Ocean Club is expected to appeal to the most discerning buyers, with a collection of only 28 whole floor apartments available. These will include a quad-level super penthouse, two dual level sky homes, five sky residences, and 20 further residences, all offering sweeping views of the Pacific Ocean, Broadwater, and Hinterland.

Each whole floor apartment will provide 317 sqm of living space, with picturesque views from every room, private direct and secure lift access, double garaging, luxury interior design, and state-of-the-art technology.&nbsp;

[smartcode_project:default project_id=134759 project_image_fid=212190]

Rory O’Brien, one of the developers of the project, said the creative skills of BDA Architects harnessed with Banda Design London and Melbourne's Mim Design have produced a balance of quality, subtlety, and design excellence.

“The results are world-class and truly spectacular; it has to be seen to be believed,” O’Brien said.

Principal of Mim Design, Miriam (Mim) Fanning and Edo Mapelli Mozzi of UK-based Banda Design Studio, who both possess a longstanding working relationship with O’Brien, were invited to design Masthead’s luxury apartments and shared amenities, which includes the private residents ‘Ocean Club’.

Mim Design has planned each single-level apartment to maximise view corridors of sunrise views over the pacific and sunset views across the hinterland.

[smartcode_project:default project_id=134759 project_image_fid=211816]

When asked about developing a signature language for Masthead’s apartments, design associate of Mim Design Stephen Tieppo said they were inspired by the nearby Southport Yacht Club and superyacht marina, evoking imagery of smooth, streamlined forms, billowing sails and seamless detailing.

“Each detail was carefully considered and customised, similar to the curated design of a luxury yacht,” Tieppo said.&nbsp;

BDA Architecture – who designed the tower’s exterior – have also referenced the luxury yachts dotted along Main Beach to create a one-of-a-kind building unrivalled on the Gold Coast.

A highly articulated facade of white concrete forms and subtly curved blade walls creates a linear expression, with a well-proportioned podium lifting the mass of the building from the ground plane.

Mim Design folded the architecture’s fluted wall panelling and honed crazy paving into the entry lobby, creating an internal courtyard of sorts contrasted by a striking, double-height wall of ocean-green marble.

Banda Design Studio, which are designing Masthead Ocean Club’s five sky residences, two sky homes and one super penthouse, have also ensured the design was relevant to its surroundings, with Head of Banda, Edo Mapelli Mozzi saying context is everything.&nbsp;

[smartcode_project:default project_id=134759 project_image_fid=212192]

“It’s not just the culture of the Gold Coast but the uniqueness of the surroundings that had a huge influence on our design," Mozzi said.&nbsp;

“The East/West axis of the building gives views over the sea, city, hinterland and estuary – four very different topographies – so more than ever the design needed to be relevant to the surroundings.”

Banda designed the kitchen island with a bold, fluidly veined, green sequoia Verde marble that speaks as one with the hinterland and the sea views beyond, whilst the rest of the kitchen is very understated and pared back with travertine and plaster so as not to jostle for supremacy with the views.

The colour palette of the powder room is an unexpected addition to the design that pays homage to the red tones of central Australia. The vanity unit is clad in travertine rossa with a plaster tadelakt in deep burgundy.

“It’s fun and playful, and totally unexpected,” Mozzi added.&nbsp;

Masthead has all approvals in place and construction is anticipated to commence in the coming months with completion scheduled for 2025.

[smartcode_project_cta:default project_id=134759]

Masthead has all approvals in place and construction is anticipated to commence in the coming months with completion scheduled for 2025

alisonwarters@gmail.com

World class team combine to design $250m Masthead Ocean Club

The recently released $250 million Masthead Ocean Club on the Gold Coast's Main Beach has been developed to target the premium downsizer.

With locals making up the biggest share of the Gold Coast’s downsizer market in recent years, developers Banda and Rory O'Brien&nbsp;have sought to capture those wanting to live the Main Beach lifestyle.

Sydney-based project marketing agency Highland are handling the sales of Masthead.&nbsp;Highland CEO David Highland said Gold Coasters are taking the lead when it comes to scaling back to focus on lifestyle.&nbsp;

[smartcode_project:default project_id=134759 project_image_fid=211816]

“We’re increasingly seeing buyers selling up large family homes they have owned for years on the Gold Coast and looking to replace them with a large, luxury, low-maintenance apartment that is much closer to lifestyle conveniences and amenities,” Highland said.

“Masthead Ocean Club is clearly a game-changer when it comes to meeting the demands of these buyers. This is a premium development that offers all, if not more, of the amenities and facilities they have in their current home, far exceeding those in any other building every built to date or planned on the Gold Coast.”

Located in a prime position, Masthead Ocean Club sits just a stone’s throw from Main Beach’s premier destinations such as waterways parklands, beaches, and coastline, ticking all the lifestyle aspect boxes for a downsizer.

“Northern Main Beach, where Masthead is positioned, is a quite enclave and perfect for downsizers who want access to everything but don’t want to be in the centre of the fast paced, hustle and bustle of Gold Coast living,” Highland added.

[smartcode_project:default project_id=134759 project_image_fid=211817]

With all this at their doorstep, Masthead Ocean Club leverages its location to offer a seven-star resort experience and ultra-luxe amenities within the development itself.

“Downsizers still want a pool, gym, wine storage and the views they currently have and don’t want to compromise on space. Masthead has all of this,” he said.

“When they’re home, downsizers still like to entertain or accommodate family, so they require multiple living zones and multi-purpose spaces which has all been thoughtfully introduced into every residence at Masthead.

“They may need a home office as they may still be involved in business. Masthead has a versatile multi-purpose room perfect for a study, home office or additional living space."

Privacy and security are also an important factor to downsizers as well as the number of apartments within the building.

[smartcode_project:default project_id=134759 project_image_fid=211820]

Masthead only has 28 apartments, one per floor with no horizontal neighbours.

Highland says downsizers want to be surrounded by like-minded people.

“Masthead residents will have the opportunity to mingle and attend social events together through the partner affiliates associated with the building.”

Masthead will see the delivery of an in-house residents’ only club to be known as ‘The Ocean Club’.

[smartcode_project:default project_id=134759 project_image_fid=211830]

With membership only accessible via a Masthead apartment purchase, the Ocean Club&nbsp;spans two full floors, some 650 sqm, and will feature a sophisticated wine and champagne lounge, whiskey and cigar room, private dining space, coffee bar, sky high library and business meeting areas, all with&nbsp;panoramic ocean, coastal and Hinterland views.

Residents will also have 24/7 access to a health and wellness club with a wet edge pool, spa, steam room and sauna, as well as a state-of- the-art gym and yoga and pilates studios.

Developer Rory O'Brien said no other project in Australia offers residents such extensive private and secure luxury facilities, shared amongst so few people.

“Masthead Ocean Club’s facilities will re-shape the way residents experience their new beachside home and lifestyle,” O'Brien said.

[smartcode_project:default project_id=134759 project_image_fid=211825]

Members will also receive additional benefits from luxury brands including Chairman’s Club membership to Levantine Hill Winery in The Yarra Valley, participation in Newgate’s 2023 racing syndicate, which will also include attendance at select race days in Newgate’s own suite at Randwick Racecourse, and a complimentary new BMW electric car.

“Masthead has certainly been designed to offer a unique lifestyle that is enriched by a sophisticated design, amenities, and social engagement in one of the best locations on the Gold Coast,” Highland said.&nbsp;

“It is truly one of a kind.”

[smartcode_project_cta:default project_id=134759]

The upside to downsizing at Masthead Ocean Club

The Marina Mirage, the longtime hub of popular Gold Coast beachside suburb Main Beach, is set for a $500 million redevelopment by its owner, South Australian shopping centre tycoon Con Makris.

Makris, who has owned the Marina Mirage at&nbsp;74 SeaWorld Drive, Main Beach, since 2013, has filed plans for a full redevelopment which will turn it into a world-class destination for both Australian and international tourism.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="7f736e58-8b58-4726-acfa-800d7a221567" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.27.12%20am.png?VersionId=g5p9LoSWWh8cQs0Rml8cP.1s99jFsnhg" />

There's a limited opportunity to buy into the exclusive project which fronts SeaWorld Drive, Palazzo Versace, Mariners Cove and Broadwater.

As well as an extensive retail and dining precinct and a 110-room hotel, which will come with all the trimmings expected of a high-end hotel, on offer will be 44 apartments and 46 villas.&nbsp;

There will be just four four-bedroom offerings, 56 three-bed residences, and 32 two-beds.The villas will be spread across four buildings, either side of the central pool, and the two residential buildings pointing toward the hotel block.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="b6d2cd86-c292-40fb-b269-b734ee2c84c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.19.09%20am.png?VersionId=z.u1erTfnV0CII3vHPvaVP39eJVoNDez" />

Extensive amenity is spread across a number of areas. A ground floor pool will dissect the whole development. A further three swimming pools are planned, across three different rooftops, one of which (crowning the hotel) will have a bar and a seating lounge.

Melbourne architect Elenberg Fraser has handled the design of the seven-building project, with each structure having a height limit of 15 metres, or three levels.

The architecture firm, who have designed Vitale's mixed-use project The Mondrian in Burleigh Heads, will be keeping the iconic Marina Mirage sails. They will be reintroduced as part of the development at the same height as they currently are. They've been the entry point to Main Beach since the Marina Mirage opened in 1998.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="4d1b0fad-d487-4436-846c-13cfd6c83393" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.27.24%20am.png?VersionId=dl5LwF1TKbmV4BIu0q1tqrEwlF2cUfml" />

The buyer profile of the apartments and villas has also been highlighted in the documentation submitted to the Gold Coast City Council.

Makris expects the project to suit retirees, independent and affluent buyers, well established couples, and families.

They will enjoy beach leisure, fine dining, museums and galleries, and cultural exploration.

The report even goes as far as what they desire. Health and well being, quality family time, reduced maintenance, and ownership and freedom are the key desires of the future buyers.

Elenberg Fraser wanted to bring a level of coastal ecology to the project.

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="45cb1407-e971-4a73-a28d-4bb95a73bbe4" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.26.32%20am.png?VersionId=dU70UBYic2yvDBjVJ76swYzcPY96MMvu" />

"Historically, the relationship between people, plants and animals has been one of dependence and happy coexistence," the report by Elenberg Fraser noted.

"However, since colonisation people have become increasingly isolated from both plants and animals in their natural habitat. Instead of vegetated landscapes teeming with life, animals and plants have been pushed out of the hard urban environment of our cities."

They say Marina Mirage will reconstruct this ecosystem.

I"t will be a cohesive, wholistic environment, where people live in the landscape with animals, forming relationships with place.

"This re-wilded site will be heavily planted with native species, allowing native animals to return home, co-existing harmoniously with people."

<img alt="Marina Mirage" data-entity-type="file" data-entity-uuid="634ca1c9-3809-42cf-83b3-2b601f9ec808" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202023-02-08%20at%208.26.42%20am.png?VersionId=08lMJ6iG75722Y.xWC9EJ3KVwqZsD1Dq" />

Outdoor spaces were also a key element in the design process of both the apartments and the wider project.

"With more than 300 ‘comfortable’ days in Gold Coasts subtropical climate, outdoor spaces are critical in making the most out of our environment.

"Green spaces, balconies, terraces, laneways and water areas provide a seamless transition from indoor to outdoor, public and private and generate a greater thermal environment.

"The consideration to city rooms encourages occupation with public congregation spaces that have access to natural air and subtropical vegetation. Balconies laneways and terraces allow for indoor and outdoor spaces to be protected by natural elements; sun, wind and rain, and transforms the areas by creating private and public spaces.

"Outdoor spaces are especially relevant in ensuring the typology is activated and engaged by the city and its occupants. It encourages outdoor spaces within the building to create habitable green and elevated areas for entertainment."

Fast facts about the Marine Mirage redevelopment

<ul>
	<li>2,421 sqm of retail</li>
	<li>6,591 sqm of resort area</li>
	<li>10,852 sqm of villa area</li>
	<li>7,397 sqm of residential area</li>
	<li>4,695 sqm of landscaping</li>
	<li>110 resort rooms</li>
	<li>44 apartments</li>
	<li>46 villas</li>
	<li>381 carparks</li>
</ul>

Makris expects the project to suit retirees, independent and affluent buyers, well established couples, and families

Inside look: Residential opportunity at new $500 million Marina Mirage, Main Beach redevelopment

With limited land available in popular suburbs in southeast Queensland, skinny apartment towers have become a popular choice for developers seeking to make the most of small sites.

International architecture firm, Plus Architecture, has designed six slender towers in some of the Gold Coast's most desirable areas, with the projects set to be built within the next five years, demonstrating a new wave of high-rise design that optimises limited land to create luxurious living experiences.

According to Plus Architecture Principal, Chrisney Formosa, the slender tower concept is well-suited to luxury multi-residential projects. The design allows for full floor or two-story apartments with 360-degree views, providing residents with the benefits of a standalone house, plus more.

“Very small sites present an opportunity for unique architectural solutions as they require an individualised design approach. In the high-end property market, being able to deliver a boutique design that is highly customised to the site is what helps a project truly stand out,” Formosa said.

[smartcode_project:default project_id=95606 project_image_fid=209221]

“Beyond that, skinny towers also easily allow for full floor or two-story apartments with 360-degree views, making them a prime solution for luxury multi-residential coastal living – offering all the benefits of a standalone house and more.”

When it comes to boutique apartment tower design, we need to think out of the ordinary, Formosa said.

“That means exploring doing things differently – reimagining how we can use those smaller sites to their best potential to ensure they become a valuable addition to the urban streetscape. La Mer is a great example of this.”

The boutique apartment tower at La Mer, a joint venture between Polites Property Group and QNY Group in Main Beach, is a prime example of the skinny tower trend.

The boutique apartment tower is located in arguably one of the Gold Coast’s most iconic locations: Main Beach, a small enclave of properties in an exclusive reserve surrounded by water.

[smartcode_project:default project_id=110953 project_image_fid=209073]

Redesigned by Plus Architecture, La Mer features 20 apartments, including one of the largest penthouses in Main Beach, each oriented to capture ocean views.

“Unique to La Mer is that half the tower comprises double-storey, fully customisable sub penthouses, a boutique approach made possible by the slender design. More of a ‘sky home’ and less of an apartment, these vertical residences are elevated far above the typical apartment living experience.”

At Nineteen First Avenue, a 38-story development of 35 apartments in the beachside precinct of Broadbeach, every aspect of the architecture has been designed to deliver luxury.

The pinched-in tower shape maximises views and light, while the overlapping rippled forms, inspired by the interaction of water, wind, and sand, deliver a dynamic and graceful design.

A design palette of soft textures, vertical aluminium screening, textured concrete, and a verdant landscaped ground floor entry combine to deliver a luxurious residential experience.

When it comes to boutique apartment tower design, we need to think out of the ordinary, Plus Architecture Principal, Chrisney Formosa says

Why Queensland’s skinny tower trend is redefining luxury apartment design

One of the most prestigious residential apartment projects to hit the shores of Australia has officially launched to market.&nbsp;

The $250 million Masthead Ocean Club has already been inundated with inquiry,&nbsp;developed in a joint venture by the highly-credentialed Australian businessman, Rory O'Brien and UK-based Banda, which is a world leading interior design studio and development business, founded by the husband of Princess Beatrice, Edo Mapelli Mozzi.

Edo Mapelli Mozzi founded Banda in 2007 and has grown the company from niche London developer into burgeoning global design practice, known for crafting environments which are both intrinsically beautiful and functional.

“This project forms part of Banda’s evolution and global expansion journey. We currently have projects underway in London, New York, Doha, San Salvador, Alps, and all over Europe,” said Mozzi.

“We had been looking for the right opportunity to bring us to Australia and Masthead is absolutely the project we’ve been waiting for.”

<img alt="Render of Masthead" data-entity-type="file" data-entity-uuid="6d3625e8-a224-4626-9979-cbb182dec5c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Masthead.jpg?VersionId=xbW_7RiAJumRs3qMhBSAr5xiXxR0Stmq" />Render of Masthead Ocean Club. Image supplied.&nbsp;

28 whole-floor apartments are on offer in the project, including one penthouse, two sub penthouses and five Sky Homes, which have been exclusively designed by Banda, with the further 20 residences, which capture sweeping and protected views of the Pacific Ocean, Broadwater and Hinterland, designed by Australian-based group, Mim Design.

Each whole floor apartment in Masthead Ocean Club will provide 317 sqm of luxury living, picturesque views from every room, private direct and secure lift access, double garaging, outstanding interior design, and state-of-the-art technology.&nbsp;

The two ultra-deluxe sub penthouses crown the development, spanning a massive 634 sqm each, topped by the grand penthouse, which flaunts over 1000 sqm of living, including its own pool, gym, golf putting green and more.&nbsp;

BDA Architects have also been appointed as architects on the project, with O'Brien saying they have all worked merticulously as a team to create a truly spectacular development that promises a 7-star resort experience and ultra-luxe amenities.&nbsp;

“I am truly delighted to be working alongside Edo to launch this unprecedented product to the Gold Coast residential market, the likes of which has never been seen before in Australia," O'Brien said.&nbsp;

The development will be set in a prime position, adjacent to the beachfront at the highly coveted northern end of Main Beach, dubbed the ‘Golden Triangle’ for its proximity to premier lifestyle destinations.

The Southport Yacht Club and Superyacht Marina, Main Beach Surf Club, and Spit parklands each sit within a stone’s throw of the development, as well as Marina Mirage and the latest dining and entertainment precincts currently in the pipeline.

Masthead will also see the delivery of one of the world’s most elite in-house residents’ only clubs providing an ultra-luxe comprehensive amenities range, to be known as ‘The Ocean Club’.

With membership only accessible via a Masthead apartment purchase, the “Ocean Club” will encompass premium in-home facilities including a sophisticated wine and champagne lounge, whiskey and cigar room, private dining space, coffee bar, sky high library, and business meeting areas – all with panoramic ocean, coastal, and Hinterland views.

Members will also receive additional benefits from distinguished luxury brands including Chairman’s Club membership to Levantine Hill Winery in The Yarra Valley, participation in Newgate’s 2023 racing syndicate, which will also include attendance at select race days in Newgate’s own suite at Randwick Racecourse, and a complimentary new gleaming BMW electric car.

Residents will have 24/7 access to a health and wellness club where they can rejuvenate in a wet edge pool, spa, steam room, and sauna, while fitness enthusiasts can relish in a state-of- the-art world class gym and unwind in yoga and Pilates studios.

“No other project in Australia offers residents such extensive private and secure luxury facilities but shared amongst so few people - in our case just 28 owners. This is true prestige,” O’Brien added.&nbsp;

Highland, a full-service real estate company with more than 40 projects currently in market along the eastern seaboard from southern Sydney to the Gold Coast, has been appointed as the exclusive selling agent for Masthead Ocean Club, with CEO David Highland saying Masthead is the most exclusive residential offering available in Australia.&nbsp;

“In my view, members of Masthead Ocean Club will receive premium living, spectacular picturesque coastal views, state-of-the-art amenities, exclusive club membership, and real value for money," said Highland

“A purchase in Masthead which includes 650 sqm of Ocean Club, is like getting two apartments for the price of one."

“Never again will a product of this calibre be delivered to the Gold Coast. Masthead Ocean Club will offer buyers something very special and unique.”

Masthead has all approvals in place and construction is anticipated to commence in the coming months with completion scheduled for 2024.

[smartcode_project_cta:default project_id=134759]

The development will be set in a prime position, adjacent to the beachfront at the highly coveted northern end of Main Beach, dubbed the ‘Golden Triangle’ for its proximity to premier lifestyle destinations.

$250 million Masthead Ocean Club officially launches to market 

After securing $120 million in sales, Drew Group has teamed up with Hutchinson Builders and global investors to commence construction on the company’s Lagoon Main Beach project.

The partnership brings on board YieldStack, which manages the international funding of global investors and Australia’s largest privately owned builder, to deliver the $395 million twin-tower project which is earmarked for a near 4,000 sqm site at 11-23 Cronin Avenue in the heart of Main Beach.

Hutchinson Builders, a diverse construction company with a comprehensive portfolio of residential and commercial projects, brings to Lagoon Main Beach more than 110 years of construction experience and a completed workbook totalling more than $35 billion.

[smartcode_project:default project_id=108747 project_image_fid=204480]

Hutchinson's has an unparalleled industry reputation for project delivery with a strong balance sheet of more than $388 million, which Chairman Scott Hutchinson says underpins the group’s performance.&nbsp;

“We currently have an extensive workbook of projects on the Gold Coast, and we are delighted to be working closely with Drew Group to bring a development of this calibre to Main Beach,” Hutchinson said.&nbsp;

Lagoon Main Beach will comprise of two buildings - the Sunrise Tower and Sunset Tower - each positioned to capture sweeping views across the length of the Broadwater and the Hinterland, as well as aspects to the Pacific Ocean, from Stradbroke Island to Coolangatta.

The Sunrise Tower will offer a combination of two and three-bedroom apartments and Drew Group’s Signature Collection residences across 31 levels, whereas the Sunset Tower will rise 24 levels and feature 116 apartments comprising of one, two and three-bedroom configurations.

Lagoon will offer generously sized apartments and a swathe of high-end amenities designed to complement the coastal lifestyle planned, located just 50 metres from the famed Tedder Avenue dining and entertainment precinct while also being just 150 metres to the beach.

[smartcode_project:default project_id=108747 project_image_fid=190743]

A secluded lagoon pool oasis with private cabanas will find a place within the development, along with indoor and outdoor lounges, a fitness centre, yoga deck, a heated spa, surfboard and wet item storage and a business hub.&nbsp;

Lagoon Main Beach is being marketed by Jayde Pezet and Todd Matheson of Pezet Matheson who have overseen the $120 million worth of sales so far.&nbsp;

“We’ve seen incredibly strong traction from interstate and local buyers who appreciate the high quality of Lagoon Main Beach and the fundamental appeal to the area. The fact that Lagoon Main Beach is fully funded and poised for construction commencement in January 2023, is very appealing to purchasers and provides them with complete certainty,” Pezet said.&nbsp;

Established in 1982, the Main Beach-based Drew Group is a family-owned property developer with Managing Director, Jon Drew saying he was excited to bring Lagoon Main Beach to fruition with the support of YieldStack and Hutchinson Builders.

“Hutchinson has an enviable reputation as a builder with a quality of standards that gives our buyers confidence to commit to the project off the plan,” said Drew.

[smartcode_project:default project_id=108747 project_image_fid=198829]

“The preliminary market response to Lagoon Main Beach and the pivotal partnerships we have now forged have positioned us to begin construction, with the demolition of the site complete and building to commence immediately.”

“With the financial backing of YieldStack, we now have a world-class team to deliver our vision for this wonderful site.”

Yield Stack’s Investment Director, Neil Kumar said they see Lagoon Main Beach as a significant opportunity on the Gold Coast, with the market only continuing to be well supported by strong fundamentals.&nbsp;

“Our partnership with Drew Group on this project is founded on the company’s excellent track record of premium developments within the Gold Coast market,” said Kumar.

[smartcode_project_cta:default project_id=108747]

Established in 1982, the Main Beach-based Drew Group is a family-owned property developer with Managing Director, Jon Drew saying he was excited to bring Lagoon Main Beach to fruition with the support of YieldStack and Hutchinson Builders.

Hutchinson Builders appointed to construct $395 million Lagoon, Main Beach apartments

Since the onset of COVID-19, there's simply not been enough apartment stock on the Gold Coast.

The Coast was well placed in the lead up to 2019, but an influx of demand, both locally and interstate when COVID-19 grabbed hold of the local market in mid-2019, demand has heavily outstripped supply.

The lack of stock has seen a new trend emerge. Established stock has been commanding similar prices to off the plan stock. It's a trend that&nbsp;Evan Raptis, the joint managing director of longtime Gold Coast developer Raptis, believes won't change for the next three to five years.

"We’ve never seen the gap close like this on the Gold Coast before," Raptis says.

"The trend has come about because there's not enough finished stock coming to market between Coolangatta and Hope Island.

"Southerners who have relocated to the Gold Coast post-COVID have had to look to resales to get into the market, and that’s pushed up the price of established stock."

[smartcode_project:default project_id=106752 project_image_fid=182210]

Two-bed apartments under 100 sqm have been selling in some of Broadbeach's better towers for $1.2 million, which Raptis says is&nbsp;comparable to what developers are taking deposits on for planned and under construction projects.

Broadbeach is where Raptis will be turning their focus to next, while they complete Pearl at Main Beach.

In early 2023 they'll be launching The Sterling at 6-8 George Avenue. Raptis has just gone back to the drawing board however to amend the application, with the aim of wanting to meet market demand earlier than they previously forecasted. The tower has been&nbsp;designed by the prominent architect Koichi Takada, who only has a handful of Gold Coast developments to his name.

Raptis says Broadbeach has&nbsp;evolved heavily since 2007, when he followed in the footsteps of his father Jim, co-founding developer Emandar Group alongside Aniko Group's George Mastrocostas.

[smartcode_project:default project_id=106752 project_image_fid=169993]

"Broadbeach has seen a lot of regeneration with Star Entertainment Group’s opening of The Dorsett hotel and the light rail now allowing people to travel to Surfers Paradise and Southport via the light rail network, as well as south. The new Langham Hotel has opened up as well which will bring more global travellers to the suburb."

Raptis are currently developing Pearl in Main Beach, and have sold 80 per cent of the two and three-bedroom apartments.

Apartments have been snapped up largely by owner-occupiers, both locals who are looking to downsize from their family home, and interstate couples who are pre-retirement age.

Two sub-penthouses have sold, and Raptis will be releasing more to the booming penthouse market soon.

[smartcode_project:default project_id=106752 project_image_fid=182207]

Raptis has now reached level 17 of construction of the 29-level building at 3550-3552 Main Beach Parade.

Raptis says Main Beach will feel like Australia's own version of Monaco, with the future $480 million redevelopment of Mariners Cove which will include a new superyacht marina and a Ritz-Carlton hotel.

Despite the country working its way back to normal in the post pandemic world, Raptis says there's still strong&nbsp;interest in the Gold Coast lifestyle and the desire for new premium apartments with premium amenities in desirable locations.

Raptis has considerable faith in the Gold Coast market, suggesting the city is&nbsp;in a better position to manage national price moderations than it has been in previous cycles.

[smartcode_project:default project_id=106752 project_image_fid=182214]

"The city’s economy has matured significantly with investment in health and knowledge, film and creative industries, sports and digital industries," Raptis notes.

"The Work from Home movement has enabled professionals to hold national roles and still live on the Gold Coast. You can even have a role in a global team with the international terminal at Coolangatta Airport opening recently."

Raptis says the 2032 Olympics and Paralympics will further promote the Gold Coast lifestyle, with considerable planned infrastructure to transform the wider South East Queensland location.

"The coastal strip will be beamed around-the-world and we’ll see a new wave of global hotel brands wanting to establish themselves here."

Broadbeach is where Raptis will be turning their focus to next, while they complete Pearl at Main Beach.

Why the Gold Coast apartment market is better placed than ever before: Five minutes with Evan Raptis

Property group Highland has been appointed as exclusive selling agents for one of the most prestigious luxury apartment projects to hit Australia.

Highland will take on selling the residences in the $250 million Masthead Ocean Club at Main Beach, the project a product of joint venture partners Rory O’Brien, a highly credentialed Australian businessman and UK-based Banda, the leading global interior design studio and development business founded by Edo Mapelli Mozzi.

Masthead Ocean Club will deliver a collection of 28 full-floor boutique-style apartments including five Sky Residences, two dual level sky homes and a sprawling super penthouse in a design that offers residents a seven-star resort experience and ultra-luxe amenities.

<img alt="Render of Masthead Ocean Club" data-entity-type="file" data-entity-uuid="71fff256-4261-4a54-b09d-f37243c6d6d2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/0281_01_02_Superman%20Terrace_FINAL.jpg?VersionId=7SpcOoUjZVOw19tlQhjN2mGxdYSP1l9T" />

With more than 40 projects currently in market along the eastern seaboard from southern Sydney to the Gold Coast, the appointment of Highland to Masthead follows the group’s success at the nearby Coast development in Surfers Paradise where pre-sales have topped 80 per cent.&nbsp;

Highland Director, David Highland said they were thrilled to be a part of arguably one of the country's most exclusive projects to date.&nbsp;

“Masthead Ocean Club will offer residents the pinnacle of a premium lifestyle that will appeal to local, interstate and international buyers,” Highland said.

Designed by Queensland firm BDA Architecture, with interiors crafted by Banda Design Studio and MIM Design, Masthead Ocean Club will set a new benchmark for Gold Coast residential lifestyle.

The ultra-luxe sky homes will offer 634 sqm of living space each, while the penthouse will span 1,000 sqm with its own pool, gym and golf putting green. A private owner's study will be located in the ‘crow’s nest’ at the very peak of Masthead Ocean Club.

<img alt="Render of the Masthead Ocean Club amenities" data-entity-type="file" data-entity-uuid="f5e0808f-2f1f-4a22-910f-c422c126349c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/0281_02_02_Pool%20with%20Gym_FINAL.jpg?VersionId=sbbIH1.WDNaRE3rxhviF5WXgWMjg2Nrt" />

Designed for the most discerning buyers, each residence will capture sweeping, protected views of the Pacific Ocean, Broadwater and Hinterland.&nbsp;

Residents will have access to four levels of ocean club amenities including a wellness zone, hot and cold pools, whiskey and champagne bars, wine storage, tasting area, library, fully equipped chef’s kitchen and indoor and outdoor lounge areas.

Positioned at the very northern end of Main Beach, Masthead Ocean Club will also offer convenient access to the Southport Yacht Club, Southport Broadwater, nearby beaches, the Southport Surf Lifesaving Club and the renowned Tedder Avenue shopping and dining village.

Construction of Masthead Ocean Club is expected to begin in 2023 with completion scheduled for 2025.

[smartcode_project_cta:default project_id=134759]

Designed by Queensland firm BDA Architecture, with interiors crafted by Banda Design Studio and MIM Design, Masthead Ocean Club will set a new benchmark for Gold Coast residential lifestyle.

Highland appointed exclusive selling agent for ultra-luxe Gold Coast project, Masthead Ocean Club

The beachfront Main Beach Parade strip is set for a new high-end apartment tower.

Gold Coast businessman and hotelier&nbsp;Bruce Donnachy has been given the green light by the Gold Coast City Council for a 20-level, 16-apartment tower at 3571 Main Beach Parade.

The plans were scaled back a tad from what was proposed nearly 12 months ago. Initially Donnachy sought 24 apartments across 20 levels. Now they're all full-floor apartments.

Donnachy had amalgamated two sites to create nearly 900 sqm on the prized beachfront side of Main Beach Parade. 
<img alt="Render of the Main Beach Parade development " data-entity-type="file" data-entity-uuid="06de698c-e211-4c75-8809-604523081d2e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-24%20at%209.54.27%20pm.png?VersionId=bmVOvguDnq5UqHVuCbU4BCYMiJQrYcYZ" /> 
The approved Main Beach Parade development. Image credit: BDA

Local architecture firm BDA were tasked with creating a coastal, luxury residential building that provides a five-star resort feel, with a range of large, sizeable apartments.

“The timeless architecture will set a new benchmark in the Main Beach Precinct,” BDA said in their submission to the Gold Coast City Council.

&nbsp;

“The architecture of the proposed luxury residential development is composed of simple curved and linear forms, white concrete spandrels, a textured and timeless material palette of travertine stone and timber screening, creating a rich and layered coastal effect.”

<img alt="3571 Main Beach Parade" data-entity-type="file" data-entity-uuid="c82564cf-b5f2-4636-a8f5-0490d63ff0f1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-25%20at%2012.40.43%20pm.png?VersionId=jr8NeOseg2BEtmi3HxI5rvs6Th6_U2Pt" />

“A series of planters on the facade add a layering and softening of the built form, reinforcing the importance of sub-tropical design.”

The project offers a mix of apartment types. The majority of apartments have three bedrooms. There's two-level penthouses, and a two-storey beach house.

<img alt="An aerial of where the Main Beach Parade site is" data-entity-type="file" data-entity-uuid="bf15f867-4a24-4736-8c8f-d767920c27d1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-25%20at%2012.40.07%20pm.png?VersionId=wC8vTSRALC9wblL8ITxnFh9iaXPlnjEP" />

“The mix of high-end liveable apartment types provided will provide a five-star level of housing that is lacking in the Main Beach precinct," BDA added.

The communal recreation facilities containing gym, multipurpose room, pool, pool-deck and barbecue area are located at Level 10, allowing an opportunity for a building break and greenery to the facade.

Donnachy had amalgamated two sites to create nearly 900 sqm on the prized beachfront side of Main Beach Parade.


New "five-star level" Main Beach Parade apartment tower approved

A member of the British Royal Family is behind a joint venture of one of the most luxurious projects to hit the Gold Coast.

The London-based Banda, headed by developer Edo Mapeli Mozzi, the husband of Princess Beatrice, who is the niece of King Charles III, has teamed up with the Sydney developer Rory O'Brien to deliver Masthead Ocean Club, a luxury tower in Main Beach.

The $250 million project designed by BDA Architecture with interiors by MIM Design, will be Banda's first project in Australia. They've developed luxury buildings across the world since being founded by Mozzi in 2007.

The announcement will likely garner international appeal for the development of just 28 apartments, soon to launch through Highland Property. They will be seeking more than $5 million for even the entry level apartments, albeit the entry level will have nearly 320 sqm of space and span a whole floor. There will also be one sprawling penthouse, two sub penthouses, and five sky homes with protected views of the Pacific Ocean, Broadwater, and hinterland.

<img alt="Masthead" data-entity-type="file" data-entity-uuid="cbe6bab1-95ad-46cf-9a18-be532abeaf4f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-04%20at%2011.14.17%20am.png?VersionId=YPrl2dWLh5i7IzhjKEEYIj4o1m.H4l0v" />

Mozzi founded Banda in 2007 and has grown the company from niche London developer into burgeoning global design practice, known for crafting environments which are both intrinsically beautiful and faultlessly functional.

"This project forms part of Banda’s evolution and global expansion journey," Mozzi said.

"We currently have projects underway in London, New York, Doha, San Salvador and all over Europe," Mozzi said, adding that they had been looking for the right opportunity to enter the Australian market.

"Masthead is absolutely the project we’ve been waiting for.”

The development will feature ultra-luxe amenity, which will be known as The Ocean Club.

With membership only accessible via a Masthead apartment purchase, The Ocean Club, which spans two full floors of 650m2 high in the tower, will encompass premium in-home facilities including a sophisticated wine and champagne lounge, whiskey and cigar room, private dining space, coffee bar, sky high library and business meeting areas – all with panoramic ocean, coastal and Hinterland views.

<img alt="Masthead Ocean Club" data-entity-type="file" data-entity-uuid="b6150506-36f3-414b-ae1e-373c1e741abc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-04%20at%2011.14.31%20am.png?VersionId=QxYLx2gAH2Q3Q4Lsa.uk.DPhHW1MIHG6" />

Members will also receive additional benefits from distinguished luxury brands including Chairman’s Club membership to Levantine Hill Winery in The Yarra Valley, participation in Newgate’s 2023 racing syndicate, which will also include attendance at select race days in Newgate’s own suite at Randwick Racecourse, and a complimentary new BMW electric car.

There's further amenity in the health and wellness club, which will feature a wet edge pool, spa, steam room and sauna, as well as a state-of-the-art gym with a yoga and pilates studio.

Mapelli Mozzi and O’Brien are the inaugural members of Masthead Ocean Club, with Mr Mapelli Mozzi officially assuming the role as honorary Chairman.

<img alt="MAsthead pool" data-entity-type="file" data-entity-uuid="59866c42-f80b-481f-a5a8-7f1eb4c928fd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-04%20at%2011.14.12%20am.png?VersionId=FJVvYDD3wDcC9b6MvwKwx4_ZiWoQuPVu" />

O'Brien, who will be retaining one of the apartments for his own use, said Masthead Ocean Club’s facilities will re-shape the way residents experience their new beachside home and lifestyle.

“No other project in Australia offers residents such extensive private and secure luxury facilities but shared amongst so few people. In our case just 28 owners. This is true prestige.

"We wanted to ensure our amenities are never crowded and can be freely enjoyed by our small number of residents in ultimate privacy and seclusion."

O'Brien has developed several luxury developments over the last 30 years in Sydney, Los Angeles, and the award-winning project in the Whitsundays.

He said Masthead isn't your average luxury beachfront development.

“We have worked meticulously as a team to create a truly spectacular development,” O’Brien said.

“This isn’t your average luxury beachfront development - the planning code has now changed so there will be nothing quite like it in the future.

<img alt="Masthead living" data-entity-type="file" data-entity-uuid="9dd9358a-5c02-4ac4-9171-f34027489893" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202022-10-04%20at%2011.14.26%20am.png?VersionId=LoOQS1fJkVCEqoL5reEo2hHhFUUyDXPD" />

"Masthead Ocean Club will be in a class of its own, dedicated to servicing the unique lifestyle demands of the world' most discerning residents.

“We have carefully exploited the unique east west axis so owners can see the sunrise over the pacific and set over the mountains of the Hinterland.

"These views are preserved in perpetuity and will never be built out.”

Crowning the Masthead Ocean Club development are two ultra-deluxe sub penthouses spanning a massive 634m2 each, topped by a penthouse with over 1000 sqm of living space, including its own pool, gym and golf putting green. There will be a private owner's study in the "crow's nest", at the pinnacle of Masthead Ocean Club.

Masthead has all approvals in place and construction is anticipated to commence in the coming months with completion scheduled for 2024.

The $250 million project will be Banda's first project in Australia. They've developed luxury buildings across the world since being founded by Mozzi in 2007.

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Developments

New apartments

New townhouses

News