THE Gold Coast may be known for its soaring skyscrapers and apartment buildings but huge population forecasts have put a strain on its property market.
Hundreds of new homes are under construction within new apartment and townhouse projects as developers race to address the state’s chronic housing shortage.
The Gold Coast Bulletin has compiled a list of 10 residential developments that are confirmed or currently under construction that we think readers should have on their radars — the majority being delivered by trusted and well-regarded local developers.
Developer: Stamoulis Property Group (SPG)
Rich Lister Harry Stamoulis, who heads up the Melbourne-based Stamoulis Property Group is behind Ari at Main Beach. SPG engaged Gold Coast architect Bayden Goddard to design a 19-level luxury tower across the 1335sq m site with prices from $5.9 million. The tower offers 26 half-floor three-bedroom apartments, three full-floor four-bedroom apartments, and an opulent penthouse with a rooftop terrace.
Developer: KTQ Group
The $380 million triple-tower project is set to reshape the Kirra skyline on the southern Gold Coast. The developer will fast-track construction of its second stage which will be built by late 2026. Kirra Point covers a block at the eastern end of Kirra, on the corner of Miles St and Marine Pde.
The 18-level project to be built at 26-28 Alexandra Ave, Mermaid Beach includes a collection of 48 apartments ranging from two and three-bedroom residences to two-level penthouses.
LJ Hooker Broadbeach is marketing the project following the successful sellout of Dankav’s last project Mali Residencse. Matt Conduit, LJ Hooker Broadbeach new project managing director, said there were only 20 apartments at Lanni Residences left for sale. Apartments start from $1.15 million.
Developer: SPG Land
Three residential towers at Paradiso Place, a $940 million landmark development by SPG Land will transform a 11,483 sqm block between Surfers Paradise Blvd and Ferny Ave, Surfers Paradise. Tower 1 is the first tower to be constructed at Paradiso Place, with 258 units forecast for late 2025 completion. Apartments are priced from $1,006,319.
Harbour One is a waterfront apartment project under construction at 1 Masthead Way, Sanctuary Cove, on the Gold Coast. The project connects to Sanctuary Cove’s world-class marina and retail village and is a short buggy ride to the renowned golf courses, country club, pools, tennis courts and wellness facilities. Construction is expected to be complete by March, 2024.
Developer: DD Living
Burly is a $480 million luxury apartment development planned for a 2024sqm site at 264-266 The Esplanade, Miami. The project will include 100 luxurious two, three and four-bedroom apartments across 24 levels. Two levels will be dedicated to luxurious resident-only recreation facilities.
Monterey Kirra Beach
Developer: Marquee Development Partners
Construction of the $125 million boutique beachfront apartment project Monterey Kirra Beach is underway as demand for residential property on the southern Coast increases.
Monterey is Marquee’s tenth and most prestigious development on the Gold Coast.
It will include 35 apartments across 14 levels at 4-6 Musgrave St, Kirra.
Developer: DD Living
Royale Gold Coast is a $435m, 38-level tower including 104 residences on the beachfront at Surfers Paradise. Currently being built at 7-9 Northcliffe Terrace, Royale will include two levels of six-star lifestyle amenities. “The majority of apartments sold over summer have been purchased by Queenslanders with many of them Gold Coast locals according to marketing agent Adrian Parsons of Total Property Group.
Developer: Polycell Property Group
The $275m 39-storey tower is earmarked for a 1813sq m corner block in Broadbeach fronting Surf Pde and Britannia Ave. The tower, designed by BDA Architects, will include 170 two and three-bedroom apartments as well as two floors of five-star resort and lifestyle amenities.
Developer: Sammut Group Located at 43 Garfield Terrace, Surfers Paradise, Sammut Group’s under-construction $200 million project will include 53 luxury residences over 37 levels. Sales of the 53-unit tower have averaged at more than $6m each since it was launched to the market in late 2021. One Brisbane buyer paid more than $11.5m for a unit in the tower earlier this year.
Developer: AW Holding Group and The Langham
The $1.5b Jewel triple-towers on the Gold Coast beachfront comprise a five-star hotel and residential precinct. Another 30 premium units were recently released to the market after buyers forked out $82m for the first 40 apartments. Ranging from one to three bedrooms, the units are priced from between $800,000 and $6.5m. Jewel Private Residences is fully completed with apartments ready to move in now.
Article source: Queensland Property Investor