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Top 10 Gold Coast apartment developments to watch out for in 2022

Gold Coast

2021 will go down as the biggest sales year the Gold Coast has seen for new apartments since the property consultancy Urbis began monitoring the sector

2021 will go down as the biggest sales year the Gold Coast has seen for new apartments since the property consultancy Urbis began monitoring the sector.

The number of apartment sales for the September quarter surged to 690, bringing the total of new apartments sold on the Gold Coast in the first nine months of this year to 1,882.

This figure has already eclipsed the previous full-year record of 1,556 sales in 2016.

There’s expected to be further figures which show the 2,000 mark was broken over the full calendar year, which has eyes looking toward 2022, and what’s in store for the Gold Coast apartment market.

There’s been a late push in to Christmas, later than any other year in living memory, to launch projects in to 2022.The Gold Coast is set to see a huge wave in early 2022 of some of the biggest apartment developments the suburb has ever seen.

We’ve had a look at some of the developments to watch out for.

La Pelago, Surfers Paradise

Developer: GurnerTM
Address: 108 Ferny Avenue, Surfers Paradise

The most anticipated development is no doubt the first foray in to the Gold Coast area by the Melbourne-based developer, GurnerTM.

Led by Tim Gurner, GurnerTM are set to launch La Pelago, the $1.25 billion, four-tower development which will bring over 1000 apartments to the Surfers Paradise dress circle Ferny Ave.

Gold Coast

La Pelago, likely named after the small commune in Italy, centralises on a private island theme, where each building is surrounded by over 9,000 sqm of amenity, lush tropical landscaping by SWA and pool-side water retreats, creating four private islands.

Tim Gurner says La Pelago will be a new world experience for a beachside precinct that will be unlike anything ever attempted in Australia before, with an international hotel name that will be a new entrant to the Australian market.

Paradiso Place, Surfers Paradise

Developer: SPG Land and Gordon Corp
Address: 103 Ferny Avenue, Surfers Paradise

Just up the street and set to go head to head with Gurner is Paradiso Place, another mega-development site.

Paradiso Place

Paradiso Place 103 Ferny Avenue, Surfers Paradise QLD 4217 

Recently launched, Paradiso Place will see 792 apartments constructed, with a $4 million sales gallery to boot. At 750 sqm, that alone is the largest display suite-style marketing touch point in the southern hemisphere.

The apartments, across three towers, will be part of an ever wider precinct, which will include almost 150,000 sqm of retail, amenities, and residential living.

SPG Land chairman David Wang says Paradiso Place will create a long-awaited destination precinct to fill the gaping void in the Surfers Paradise cityscape.

“Paradiso Place is strategically located between the Marriott Hotel, main beach and the traditional Surfers Paradise beachfront areas,” Wang says.

Yves, Mermaid Beach

Developer: Hirsch & Faigen
Address: 7-9 Mermaid Avenue, Mermaid Beach

2021 marked the entry to the Gold Coast apartment market for the Melbourne-based developer Hirsch & Faigen. They started with the 78 apartment project Hemingway at Palm Beach, which sold out in a matter of months, before heading to Kirra Beach for Emerson, something more boutique with 27 apartments starting from just shy of $3 million.

Their third project, just launched, is the three tower development Yves, in the sleepy Gold Coast village of Mermaid Beach.

Yves

Yves 7-9 Mermaid Avenue, Mermaid Beach QLD 4218 

That will have 145 apartments across three towers, designed by Rothelowman, who handled the design of Hemingway and Emerson.

“We all know the Gold Coast has changed a lot in the last 60 years, and as more and more people escape the crowded ‘southern cities’, we anticipate she will change even more,” Rothelowman advised in their design statement.

“Between the sleepless Broadbeach & gentrified Burleigh, Mermaid Beach captures the diminishing modesty of the Gold Coast. It is a microcosm with cafes, craft and culture. A community of locals and tourists relishing a more humble urban lifestyle than the north & south.”

AURA, Surfers Paradise

Developer: ASF Group
Address: 59 Garfield Terrace, Surfers Paradise

In Q1 2022, the ASF Group are set to launch to the market AURA, a collection of just 26 full floor apartments, and one tri-level penthouse, across its 31 levels.

The tower, on the dress circle beachfront Garfield Terrace, will also feature an elevated lobby, gym and a club, activate all four sides defining a podium-like form through a dynamic raking column.

AURA follows ASF’s recent launch of The AU, an even more exclusive block of just 12 apartments.

One of the three-level penthouses in The AU just sold for $8.8 million.

The AU Surfers Paradise

The AU Surfers Paradise 52A The Esplanade, Surfers Paradise QLD 4217 

Lagoon, Main Beach

Developer: Drew Group
Address: 11 Cronin Avenue, Main Beach

The longstanding South East Queenslander developer, Drew Group, are set to create which will be the largest Main Beach devevelopment since the 1980s, set over a huge amalgamated 4,000 sqm site.

Plus Architecture designed the 248 apartments, which will be spread across two towers, linked by a central resort-style heated swimming pool and spa area.

Drew Group, led by Jonathan Drew since 2005, have history in the area and know it well, having previously created the 16-level, 29-apartment developer Cerulean on Pacific Street.

“As a local I feel an overwhelming responsibility to deliver an outstanding result for the Main Beach community and the future residents of Lagoon and this concept will be the central focus throughout the project until future residents move in,” Drew said.

Their most recent project The Village, some 72 apartments and beach houses at Palm Beach, was one of the fastest selling project in the Gold Coast over 2019 and 2020, securing all of the apartments in just three months.

Miles Residences, Kirra Beach

Developer: KTQ
Address: Corner of Miles St and Marine Parade

The second stage of the $380 million redevelopment of the Kirra Beach Hotel is set to launch in early 2022. The first stage only last a few months before it achieved a snappy sell-out, with the 50 per cent sold status coming in just a few weeks of launch this time last year.

Miles Residences Kirra Point

Miles Residences Kirra Point Corner Miles Street and Marine Paradise, Kirra QLD 4225

Residents will have access to the raised 25 metre swimming pool with gun-barrel, never to be built out views north across the beach. The Kirra Beach Hotel will be redeveloped as part of the project, with a new pavilion added.

No words as to how many apartments will be part of the next stage.

KTQ group have a very successful track record across residential and commercial projects in recent years. They have won a number of awards for Elements of Byron Bay, their exclusive and luxury northern NSW retreat. They also developed Bayshore Bungalows, also in Byron, which they also developed and own and operate.

KTQ are also set to release something special on their massive amalgamated Garfield Terrace beachfront site.

Palais Coolangatta

Developer: BeckDev
Address: 31-35 McLean Street, Coolangatta

Another Q1 release will see Palais Coolangatta, the $130 million apartment development on the site of the landmark Jazzland Dance Palais that has stood on the 2,355 sqm site since the 1930s, hit the market.

Developed by the Melbourne-based BeckDev, Palais Coolangatta will have 175 one, two and three-bedroom apartments, as well as resident facilities and a street-level plaza with retail space.

BDA Architecture has designed the plans for the development.

Ben Beck, director of BeckDev and son of the industry veteran Max Beck, said Coolangatta stood out as one of the Gold Coast’s gems.

“Its riches lie in its natural amenity, world class surfing beaches and deep sense of community,” Beck said.

Eden Avenue, Coolangatta

Developer: Kingbella Group, Steer Developments, CAPDEV Partners
Address: 44 Eden Avenue, Coolangatta

A joint venture trio of Kingbella Group, Steer Developments, and CAPDEV Partners, are teaming up for a 12-level Coolangatta project.

The project, designed by Plus A rchitecture, who describe the tower as “beachside luxe living”, will home 91 apartments and three townhouses.

It will sit across four amalgamated lots totalling 1,924 sqm between 44 and 50 Eden Avenue.

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.

Belvue, Runaway Bay,

Developer: Polites Property Group
Address: 13-15 Bayview Street, Runaway Bay

Runaway Bay is set to see its first residential tower to be developed in the idyllic Gold Coast waterfront enclave for almost three decades.

Belvue, French word for beautiful view, is set to be developed in a joint venture between Monaco Property Group and Polites Property Group, who has just lodged a development for the project.

The luxury tower on a 3,116 sqm site at 13-15 Bayview Street, has been designed for the owner-occupier, with just whole floor apartments.

The 31 apartments, which have four bedrooms each (or three and a multi-purpose room), will each take up a level of the 31 storey building, which is reminiscent of a resort-style hotel, without the mass number of rooms.

Plus Architecture, who are handling the design, call Belvue “the sophisticated newcomer to Runaway Bay.”

Myst, Broadbeach

Developer: Orenda Projects
Address: 14 First Avenue, Broadbeach

The owner-occupier focused residential tower Myst, in the heart of Broadbeach, is set for an early 2022 launch.

Myst

Myst 14 First Avenue, Broadbeach QLD 4218 

The Plus Architecture-designed plans for 14 First Avenue will have 46 apartments across the 33-level tower, 45 of those being three-bedroom apartments, which, apart from the three whole-floor sub-penthouses, will span half of a floor.

The top two levels will be dedicated to a two-level penthouse, the only four-bedroom apartment in the building. That will have its own private terrace with a swimming pool.

 

Article Source: www.urban.com.au

 

Gold Coast

Why Siera Group chose Chevron Island for Tapestry

Chevron Island ,Tapestry

To make the move from one property market to another is a huge step for any developer.

It often brings an element of uncertainty and unpredictability.

But the approach and due diligence by Siera Group’s Founder and Managing Director Brent Thompson will be one that will breed optimism over pessimism in to the market, compared to other developers who have been jumping head first into one of Australia’s most in demand pockets for the last two years and are now facing challenges.

The Brisbane-based boutique developer have not only taken on a new project type, but a completely new location, by venturing down to the Gold Coast to tackle the booming apartment sector.

Thompson, who has a highly regarded CV as a board member at the UDIA, as well being a prominent developer around Brisbane’s inner-ring for many years, spent six to 12 months splitting his time between Brisbane and the Gold Coast, understanding everything about the local market, what people were buying, and what was being developed.

The result is Tapestry, a 22-level arts-inspired apartment tower, designed to be in keeping with Chevron Island’s growing standing at the cultural arts hub of the Gold Coast.

“What drew us to this site for Tapestry was really Chevron Island itself and the fantastic community that is literally on the doorstep of Surfers Paradise, in the heart of the Gold Coast,” Thompson said.

“Chevron Island is a tight knit community with a high street full of cafes, restaurants and boutiques, as well as nearby links to HOTA, the home of the arts precinct, which is just across the Green Bridge and just a short walk from Tapestry.

“After all the research and understanding Chevron Island as a whole, it really felt like it was the perfect place to deliver a project like Tapestry, where we’ve created this phenomenal amount of amenity and beautiful residences that locals will be able to move into and downsize.”

Thompson said what makes makes Chevron Island so great, and not just the community piece, is the locality and how easy it is to access everything on the Gold Coast from Chevron Island.

“We’re only a short, flat walk into Surfers Paradise, where you’ve got the beautiful golden beaches as well as an immense amount of shopping and retail precinct.

“We’re seeing a great deal of gentrification though Surfers Paradise, as well as Chevron Island, as we’re seeing this increased densification of these areas.”

Tapestry has been designed by the local architecture firm BDA, whose brief was to merge art with architecture.

The result is a striking building of 113 apartments, featuring a mixture of vertical blade walls and horizontal slab edges which respond to available views and natural light.

The local aspect in the creation of Tapestry was one of the key focuses for Thompson.

Aligning with the Gold Coast City Council’s efforts to make Surfers Paradise an arts and cultural hub, Siera also engaged local artist Tania Blanchard to create a piece of artwork that will hang in the lobby when completed.

Article source: www.urban.com.au

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Developments

Paradiso Place set to redefine living – Surfers Paradise, Gold Coast

Paradiso Place set to redefine living, Surfers Paradise GC

Locals are dominating the apartment sales at Paradiso Place, the new premium residential precinct planned for an entire city block in northern Surfers Paradise on the Gold Coast, with Tower 1 of the three-tower mixed-use development instantly appealing to a couple who purchased two apartments.

Locals Martyn Shedd and Amy Degenhart purchased two apartments; one to occupy and a second apartment as an investment to accommodate visiting family and friends.

It’s a huge vote of confidence in Paradiso Place from the couple, who are directors of an award-winning architectural firm specialising in the urban design space.

After many months of due diligence, it was Paradiso Place that ticked off their long list of criteria for the ultimate oceanside apartments.

The $800million Paradiso Place is a landmark development of distinction being developed by SPG Land on an 11,483 sqm whole city block site between Surfers Paradise Boulevard and Ferny Avenue at the northern end of Surfers Paradise on the Gold Coast, consisting of three residential towers sharing a ground-level retail and dining plaza and a level one podium with extensive five-star, resort-style amenities.

“As an urban designer and architect, we have a full understanding of placemaking, so we are highly sensitive to the visual environment and what sets Paradiso Place apart for us is the way SPG Land is creating a village, not just apartment buildings,” Martyn and Amy said.

“We respond to the way spaces work and how people relate to them. This notion of living close to amenity you can walk to is important to us and the facilities provided at Paradiso Place are one of the main reasons why we chose to live there.

“The whole development has been really well designed to support lifestyles of the future. To have access to five-star resort amenities, a retail and dining precinct on the ground level, plus a whole floor within our own building dedicated to co-working spaces have been some of the driving factors behind our decision to purchase two apartments.

“The 2.95m ceiling height was another drawcard. We know how important the vertical space is and the floor-to-ceiling windows really capitalise on that. Not only does it feel more spacious, but there are practical aspects too, like extra cupboard space.

“Paradiso Place will also have a porte cochère and a separate surf entry, which were items on our wish list that we didn’t expect to find.

“We have no doubt that our apartment at Paradiso Place will be the right fit for us.”

Paradiso Place set to redefine living Surfers Paradise

Paradiso Place set to redefine living GC

Tower 1 of Paradiso Place offers 258 well-appointed one, two and three-bedroom apartments across 38 levels, with ocean views. One-bedroom apartments start at $525,000, two-bedroom apartments begin at $777,000, two-bedroom plus multi-purpose room apartments are priced from $1,248,000, and three-bedroom apartments from $1,549,000. Details on the two penthouses are yet to be released.

Luxury apartment marketing agency TOTAL Property Group is managing the apartment sales of Paradiso Place and has reported strong interest from a wide range of local buyers, along with interstate and overseas purchasers either relocating to, or investing in the Gold Coast.

“We are predicting continued growth for the Gold Coast this year with higher buyer and rental demand driving the market,” TOTAL Property Group Managing Director and Paradiso Place Marketing Manager Adrian Parsons said.

“The Gold Coast lifestyle is attracting a large migrating population as well as investors with their eye on hot property destinations now that international travel has returned.

“The apartments at Paradiso offer incredible value and are an affordable option for a premium apartment close to the beach with ocean views.

“SPG Land is setting new standards for lifestyle residential developments and has given a great deal of consideration to creating highly desirable living spaces with apartments in Tower 1 having ocean views and market-leading 2.95m ceiling heights in the living areas and 2.65m in the kitchen and bathrooms.

“The extensive amenity provided at Paradiso Place and in each of the three towers is indicative of SPG Land’s commitment to world-class innovation and revolutionary design of smart, efficient residential homes that offer high quality lifestyles.

“Paradiso Place presents an exceptional residential opportunity for apartment buyers looking to own a luxury apartment close to the beach, all with ocean views and the highest levels of amenity and walkability.”

More information on apartments at Tower 1 can be discovered at the expansive $4m Paradiso Place Sales Gallery that includes two full-scale apartments, a spacious grand foyer showcasing design features of Tower 1’s lobby and an impressive 2.5-metre scale model of the three-tower development.

A 60sqm immersion room and virtual tours of the Paradiso Place development enable purchasers to experience the views, location and SPG Land’s vision for Paradiso Place, while free onsite parking offers purchasers the opportunity to spend time exploring the full-sized apartments, quality of luxuriously-styled finishes and extensive amenities throughout Paradiso Place.

 

 

Article source: www.yourneighbourhood.com.au

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Gold Coast

Rents to rise in popular Gold Coast suburbs

Rents to rise in popular Gold Coast suburbs, Paradise Point

TENANTS in two Gold Coast suburbs should prepare themselves for a potential rent rise, a new report has warned.

The quarterly HOOD.ai Tenant Report identified the top 20 locations across the state where landlords were likely to push up rents at their next rental reviews, with tenants in Paradise Point and Merrimac on the Gold Coast firmly in the firing line.

Renters in Paradise Point, most famous for its rich-lister enclave of Sovereign Islands, have been hit by a staggering 47.5 per cent rise in median rent in the past 12 months.

Second only to houses in Burrum Heads in Maryborough, which had in increase of 51.5 per cent.

The report shows that the median rent in Paradise Point is $745 a week, with vacancy rates remaining tight at 0.7 per cent, which is up from $505 a week and a 0.9 per cent vacancy rate in 2021.

In Merrimac, which scraped in at No. 20 on the list, the median house rent has hit $650 a week this year, up from $520 in 2021, a rise of 25 per cent. The suburb’s vacancy rate has dropped from 0.7 per cent to 0.4 per cent.

HOOD.ai founder and CEO Tommy Fraser said the report highlighted the issue of rental affordability.

“Paradise Point has seen vacancies tighten over the past 12 months, perhaps because it’s such a prestigious waterside suburb,” Mr Fraser said.

“This is driving rental prices higher.

“Moving a few suburbs away won’t offer any reprieve, with the wider market seeing rental increases of 25 per cent for houses and 14 per cent for units in the past 12 months.”

“It is hard to see things easing in the short-term, with very few building approvals in the pipeline for houses or units.”

“Vacancy rates are low in many parts of Australia, and often falling as well, which is putting upward pressure on rents.”

Rents to rise in popular Gold Coast suburbs,Macadie Way

Three-bedroom 31 Macadie Way, is available to rent for $750 a week in Merrimac.

To make sure every suburb had a legitimate rental market, suburbs were excluded if they had fewer than a total 500 properties and if rental properties made up less than 10 per cent of the total housing stock.

Suburbs were then ranked based on the highest change in suburban rental rates during the previous 12 months.

Property research consultancy Suburbtrends supplied the data.

Top 20 locations in Qld where landlords are likely to push up rents.

1. Burrum Heads, Houses

2. Avoca, Units

3. Paradise, Poin, Houses

4. Chelmer, Houses

5. Chuwar, Houses

6. Pomona, Houses

7. Beerwah, Houses

8. Gympie Unit

9. Bungalow Houses

10. Black Mountain, Houses

11. Corinda Houses

12. Yeppoon Houses

13. Jindalee Houses

14. Karana Downs Houses

15. Jones Hill Houses

16. Peregian Springs Houses

17. Tin Can Bay Houses

18. Hawthorne Houses

19. Montville Houses

20. Merrimac, Houses

 

 

Article source: www.realestate.com.au

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