It’s been a phenomenon driven by local buyers, with a vast majority of Yves purchasers coming from within a 50-kilometre radius of Mermaid Beach.
Gold Coast locals have descended on Melbourne developer Hirsch & Faigen’s third Gold Coast apartment project, Yves.
The Mermaid Beach development is now 50 per cent sold since its launch, which has prompted Hirsch & Faigen to bring forward construction, which will be handled by Hutchinsons, to May.
Most of the buyers have been local to the Gold Coast, the majority coming from within 50km of Mermaid Beach.
Yves
7-9 Mermaid Avenue, Mermaid Beach QLD 4218
“Many of these buyers are local downsizers, and even some local first home buyers, all of which have been enticed by Yves proximity to key amenities including the beachfront, Pacific Fair, the Gold Coast Highway and Broadbeach, while remaining secluded in its own private pocket,” Hirsch and Faigen’s QLD Sales Manager, Alex Jokovich, said.
“I think the locality of buyers we’ve welcomed is a huge testament to Yves’ appeal to discerning locals who have a deep appreciation and understanding of the projects positioning in one of the coasts’ most coveted residential addresses.”
Designed by Rothelowman, Yves will rise 26 levels at 7-9 Mermaid Avenue and comprise 145 apartments.
Hirsch & Faigen Co-Founder Daniel Faigen said, as with each of their Gold Coast projects, they wanted to create something that differentiated them from the market.
“I think the sales we’ve achieved to date are a strong indication that our aptitude for quality design and remarkable architecture are resonating with buyers.”
Prices for remaining Yves apartments range from $875,000 to $2.495 million.
Yves’ ultra-exclusive penthouse collection remains for sale, offering 335 sqm of living space. Prices for the penthouse collection range from $4.25 million to $5.5 million.
The brief shelf life of Hirsch and Faigen product has become a family narrative across the coast, after the developer notched successive sell-outs in its first two forays onto the Gold Coast – in Hemingway Palm Beach and Emerson Kirra.
“Given the rate with which apartments have been purchased to date, we expect the remaining apartments to sell out fast,” Jokovich added.
Yves will feature an array of residents only amenities, which will feature a 20-metre lap pool, children’s garden, fully equipped gym and yoga studio, wellness spa and sauna, as well as a private rooftop sky lounge and wine bar.
Architecture firm TVS has created the plans for a local developer who secured the 607 sqm site last year, paying $2.58 million for an original 1970s home
Supply keeps on coming in the sought-after Broadbeach for high-end, luxury apartments.
The latest development application in Broadbeach is for a 20-level tower of just full floor and double-storey apartments at 39 Brittania Avenue.
Architecture firm TVS has created the plans for a local developer who secured the 607 sqm site last year, paying $2.58 million for an original 1970s home.
Dubbed Monarch, the tower will have 15 full-floor apartments, one one and a half floor sub-penthouse, and a two-level penthouse.
Each of the full-floor apartments will have four bedrooms. The sub-penthouse, which covers one and a half levels, will also have four bedrooms, two downstairs and two upstairs. The upper level will have a semi-enclosed dining area, an outdoor dining area, which adjoins the outdoor kitchen, and a private spa.
The penthouse spans levels 19 and 20 and will have a feature curved staircase up to the rooftop where there will be a master suite with full dressing room and ensuite and a multi purpose room. The plans have two outdoor areas, one with a feature tree and day bed, the other the main space complete with an infinity edge pool, outdoor kitchen and dining space.
A resident gym, sauna, and steam room will be located on the first level, as will the communal swimming pool, spa, outdoor kitchen and dining area, and cinema room.
“The development aims to capture coastal breezes and will enjoy natural daylight into northern living spaces and Eastern oriented bedrooms,” TVS noted in their design statement submitted to the Gold Coast City Council.
“The development has overcome the constraints of a tight site by providing a high quality architectural outcome, featuring large zones of resident’s private and common amenity and car parking.
“The proposed building is represented by a simplicity and elegance of form that is attractive and fitting for the character of the Broadbeach precinct.
“The architecture is complimented by high quality landscaping on the ground plane, in addition to selected key community focused levels, where planting will contribute to the external building form.”
Broadbeach has been a popular spot for high-end, full-floor apartments in recent months.
Demand was high for Aperture, the Broadbeach project by the Melbourne developer Little Projects. They were offering just 29 apartments across its 35 levels.
There’s set to be further supply, with developer Anthony Quinn of QNY Group set to create an owner-occupier focused tower at 21 Broadbeach Boulevard, a site he bought late last year.
The penthouse, one of just three apartments in South East Queensland developer Spyre Group’s dress circle project at 10 Goodwin Terrace, has been snapped up by an interstate buyer
The Gold Coast apartment market has been rocked with a $20 million sale, breaking every record in the Sunshine State.
The two-level penthouse in Glasshouse in Burleigh Heads, which features one of the most impressive rooftops money could buy, has sold for not only an apartment record (both off the plan and established) in the Gold Coast, but the whole of Queensland.
It’s topped some of the best penthouses in Brisbane, and even the apartments that line Noosa’s beachfront Hastings Street strip.
The penthouse, one of just three apartments in South East Queensland developer Spyre Group’s dress circle project at 10 Goodwin Terrace, has been snapped up by an interstate buyer. They visited the impressive display suite, and intend to use the apartment as a holiday home.
The Glasshouse
10 Goodwin Terrace, Burleigh Heads QLD 4220
It’s the speediness of the sale that has shocked property watchers and local developers with proper marketing only really taking place earlier this year. Even some of Sydney Harbour’s biggest sales take years to find a buyer.
There hasn’t been a development produced on the Gold Coast that has come close to finding a $20 million apartment buyer. It’s a figure more associated the purchase of a prime development site, as opposed to one of the apartments in the development.
The penthouse, which spans 970 sqm of living space, an area more than five times the size of an average home, has two separate living spaces, four bedrooms across two levels, six bathrooms, a media room, infrared sauna, fire pit, outdoor bar, multiple outdoor dining and lounge areas, a gym, wine cellar and private five car garage.
The staggered rooftop has never-to-be-built-out views over Burleigh Heads Beach, and features its own private pool and spa deck. The rooftop was an important factor in the purchase, CBRE Residential Projects Senior Director Nicholas Clydsdale said. “It’s a perfect space to share with family and friends and create memories,” Clydsdale said.
Clydsdale added that there were three big drivers for the purchase; the location, the finish, and of course the rooftop.
“This location perfectly combines proximity and amenity with an unsurpassed connection to the natural surrounds, all while ensuring the privacy of a stand-alone home is retained in this impeccable residence,” Clydsdale added.
Spyre Group’s director Andrew Malouf said the record sale is a crowning achievement for the company after laying plans last year to create in Glasshouse the ultimate coastal address in one of Australia’s most sought-after locations.
“We received a great deal of genuine interest in this property and the market was very accepting of the value proposition it presented,” Malouf said.
“It’s a true reflection of what happens when a perfectly elevated, unrepeatable location is met with the very best of design detail and finish. To have a market so enthused by this level of offering is a great outcome and a call to where the Group is headed.”
Glasshouse is the most exclusive project yet to be delivered by the Brisbane-based Spyre Group, which has had a stellar run of across six projects on the Gold Coast since 2018.
The Burleigh Heads development comprises just three exclusive residences, each encased in floor-to ceiling glass to capture sweeping to capture the views across Burleigh Beach and north to Surfers Paradise.
The ground-floor apartment occupies the entire floor and features a lower-level terrace. Above will be the full-floor middle residence, with each of these lower residences delivering a commanding 300sqm of living space.
All three residences feature bespoke inclusions that have been likened to works of art, including custom handblown lights by SOKTAS and an impressive kitchen island bench and bathroom vanities which are crafted from Italian marble.
“Each of these superb residences offer unrivalled style, scale and standard overlooking the Gold Coast’s breathtaking coastal landscape,” Malouf added.
“The location is unique, iconic and without doubt the best place of anywhere in Australia to be delivering a project of this calibre to the market.”
Clydsdale said that Glasshouse Burleigh offers a new level of luxury within Australia’s most desirable beachfront enclave, where every element has been refined to the highest possible standard.
“The calibre of this sale validates Burleigh Heads as a world-class destination worthy of a world-class penthouse,” Clydsdale said.
Glasshouse is the latest in a series of successful projects undertaken by Spyre Group since it ventured out of its home market in Brisbane four years ago.
Among its milestone achievements was the sale of a full-floor penthouse at the $57 million Cala Dei Coolangatta last year to a local family for $7.1 million.
The company has evolved into one of the leaders in luxury apartments developments, with multiple award-winning projects across the Gold Coast and Brisbane.
It is close to completion on the $77 million Natura Residences on the Burleigh Heads Esplanade which sold out in one weekend in early 2020. The project was also marketed by Clydsdale.
Spyre Group is currently progressing toward a construction commencement for Glasshouse which is expected to be completed in late 2023.
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COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.
Sydney-based luxury developer Sammut Group has signed Australia’s largest builder Multiplex to construct its debut Gold Coast development, the $200 million absolute beachfront, COAST, at Garfield Terrace.
The appointment comes on the heels of the premium apartment project achieving a sales record for the Gold Coast with an average price of $5.25 million per apartment recorded as buyers flocked to the development following its release late last year.
COAST will rise on a prime beachfront site at 43 Garfield Terrace with construction scheduled to start this month following the appointment of Multiplex.
Buoyed by strong sales, Sammut Group, which is undertaking the development in partnership with financier Alceon Group, is now looking ahead to the delivery phase of the luxury beachfront tower.
“The appointment of Multiplex as our building partner for COAST is a significant milestone for this landmark development,” said Sammut Group CEO Allen Sammut.
“After achieving exceptional sales success, we are now progressing to construction of our vision to create the Gold Coast’s premier residential address, firmly supported by one Australia’s most experienced builders.”
Multiplex has been responsible for the delivery of several of Southeast Queensland’s most high-profile developments, including Destination Gold Coast Tower 2 at Star Residences, Queens Wharf Brisbane, Jewel Gold Coast, and the W Hotel Brisbane.
The appointment to deliver Sammut Group’s $200 million COAST will add to the builder’s already strong pipeline of projects in Queensland.
“We are delighted to be working with such a well credentialled developer as Sammut Group on such an iconic development for the Gold Coast,” said Multiplex Regional Director, David Redding.
“COAST will be a defining benchmark for the Gold Coast, and we look forward to leveraging our extensive track record of delivering high quality projects across Australia to bring this striking residential collection to life.”
Sammut Group COO Julian Sammut said the company was looking forward to taking the next step in bringing the project to life for buyers.
“This is an exciting project for us, being our first in Queensland, and we are looking forward to breaking ground on Gold Coast soil in the coming weeks,” he said.
COAST will deliver a suite of beachfront residences over 35 levels to the Surfers Paradise beachfront, contained in a striking tower designed by PBD Architects.
The appointment of Multiplex is a major employment boom for the Gold Coast with the project expected to employ approximately 400 workers during its construction period.
“We take very seriously the jobs creation that is afforded to us through securing such quality projects,” said Mr Redding.
Just eight apartments remain to be sold at COAST, the first for Sammut Group on the Gold Coast after three decades of delivering premium-project excellence in iconic locations across Sydney.
The multi-award-winning developer has incorporated a wealth of resident amenities in the COAST design, including a 32-metre pool that wraps around the exterior of the building along the entire eastern and northern frontages.
This will be accompanied by a cabana and lounges, a barbecue entertaining area, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar with breakout areas and a commercial-sized gym.
COAST has ignited the imagination of buyers, setting a new price record for sub-penthouses twice on the Gold Coast, one for $8.775 million and then another for $8.95 million – both of which sold to interstate buyers.
Apartments prices on the Gold Coast have jumped over 20 per cent since 2019.
The Gold Coast apartment market is continuing to see elevated demand.
The property data house, Urbis, noted in their Q4 2021 market report that Gold Coast growth outstripped Sydney over the past two years, growing 14 per cent from 2020 to 2021, compared to Sydney’s 11 per cent.
Apartments prices on the Gold Coat have jumped over 20 per cent since 2019.
Pezet Matheson Director Todd Matheson says there very much still plenty of demand for apartments on the Gold Coast, there’s just a few less project launches as developers seek to be in the most stable position as possible before launching.
“What we’re now seeing is developers getting all of their ducks in a row before launching their project,” Matheson said.
We’ve wrapped up what’s happened on the Gold Coast in March.
Drew Group start taking sales at Lagoon Main Beach
The longstanding South East Queensland developer, Drew Group, is already started to attract a lot of interest at their landmark Main Beach apartment development, Lagoon Main Beach.
Lagoon Main Beach | Sunrise Tower 11-23 Cronin Avenue, Main Beach QLD 4217
The first tower to launch in the dual-tower development, in the heart of Main Beach at 11-23 Cronin Avenue, is Sunrise Tower, which will comprise 148 apartments of the total 259 apartments on offer. Sunrise Tower is the larger tower, at 33 levels.
Jonathan Drew, who heads up the developer Drew Group, says locals were at the forefront of his thinking during the design process.
“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 notion will be the central focus throughout the project until future residents move in,” Drew said.
Siera launch Tapestry on Chevron Island
The hotly anticipated Chevron Island apartment development, Tapestry, which was designed to reflect the growing cultural and arts precinct just off Surfers Paradise, hit the market in March.
Tapestry, Chevron Island
39 Darrambal Street, Surfers Paradise QLD 4217
The 22-level project, on the prized east-side of Chevron Island at 39 Darrambal Street, is being developed by the Brisbane-based Siera Group, led by Brent Thompson, who sits on the board of UDIA QLD and chairs the Brisbane City Council Policy Committee.
The tower was designed by the local architecture firm BDA, whose brief was to merge art with architecture.
KTQ bring forward Kirra Beach Hotel redevelopment
The redevelopment of the Kirra Beach Hotel, the large scale $380 million project by the luxury apartment developer and hotel operator, KTQ, is set to be delivered well ahead of schedule.
Rather than delivering the vast project in three stages, KTQ, led by Peggy Flannery, will be delivering the development as a single and final stage, which will bring forward project completion by three years.
Miles Residences Kirra Point | Penthouse
Corner Miles Street and Marine Paradise, Kirra QLD 4225
KTQ saw huge demand for stage one of the project, Miles Residences, which saw all 118 apartments, apartment from the luxury $16.75 million penthouse, snapped up within just a few months.
Chapter Two secure approval for Holm, Rainbow Bay apartments
Holm
44-50 Eden Avenue, Rainbow Bay QLD 4225
Coolangatta’s Rainbow Bay area has arguably been the hottest proposition for apartment seekers since the pandemic drove the masses toward the Gold Coast.
Local and interstate buyers were swooping on anything that came on to the market, and even before then, with a number of developers securing sell outs before the general public could even enquire.
Chapter Two, a development group led by Jon Quayle and Oliver Bagheri, in collaboration with Summa Group, identified a gap in the market with their newly approved Eden Avenue project, Holm.
Horan Group set for Broadbeach apartments
The Brisbane-based Horan Group is branching out to the Gold Coast.
They’re starting in Broadbeach, where they’ve had DBI Architects submit plans for a 28-level tower at 11 Rosewood Avenue, Broadbeach.
Dubbed ROSEWOOD, the project will have 120 apartments.
Cielo Group launch first Gold Coast project in Bilinga
The Brisbane-based Cielo Group has taken advantage of a short supply for prestige apartments in the small, tightly held Gold Coast suburb of Bilinga.
Cielo Group, led by Justin O’Donnell and Azemm Dannaoui, had been looking for an opportunity to break in to the Gold Coast for about year, before finding the 503 sqm site at 55 Golden Four Drive, just north of Kirra’s dress circle Musgrave Street.
Bloom
55 Golden Four Drive, Bilinga QLD 4225
GV Property Group sold the site, with plans by Boris Design for a six-level building with five apartments, ranging in size from two and four-bedrooms, with some of the bigger four-bedders spanning two levels.
Raptis submit Broadbeach tower plans
Following the recent completion of the sell-out Gallery Residences, Gold Coast developer Raptis is moving on to its next Broadbeach project.
They’ll be seeking to develop a 41-level tower on over 1,820 sqm at 42-46 Chelsea Avenue, an amalgamation of sites secured last year for $6.5 million through GV Property Group.
Archidiom has designed the tower, which will home 180 apartments, a mix of 144 three-bedders and just 36 two-bedroom configurations. There will be a maximum of just five apartments per floor.
Marquee Kirra Monterey
After a number of back-to-back sell outs up and down the Gold Coast, Marquee Development Partners has been given the greenlight for their next project.
The luxury tower, dubbed Monterey, on one of the last remaining Kirra beachfront sites at 4-6 Musgrave Street, will have 35 apartments across its 14 levels, with just high-end three and four-bedrooms on offer.
It’s been designed by the Brisbane-based Ellivo Architects, and will replace an ageing apartment block of 15 which has been on the 1,163 sqm site for over five decades.
Changfa
The international property developer, Changfa, has lodged plans for its next Gold Coast apartment development.
Changfa, who has created the Hope Island townhouse development Lyra, is headed to Palm Beach, submitting plans for a 21-level tower at 1134 Gold Coast Highway, on the corner of Palm Beach Avenue and a few streets back from the beach.
The international property developer, Changfa, has lodged plans for its next Gold Coast apartment development.
Changfa, who has created the Hope Island townhouse development Lyra, is headed to Palm Beach, submitting plans for a 21-level tower at 1134 Gold Coast Highway, on the corner of Palm Beach Avenue and a few streets back from the beach.
The building, designed by Plus Architecture, will have 113 apartments, a mix of one, two and three-bedroom units.
Two development proposals have been filed signalling the ever-expanding Gold Coast skyline is becoming Australia’s new frontier in the proliferation of modern wafer-thin towers.
The planned residential high-rises at 61 Garfield Terrace, Surfers Paradise, and 39 Brittania Avenue, Broadbeach, are only about 8m and 9m wide, respectively.
Skinny skyscrapers have become a global developoment trend with the first slender towers emerging in Australia about a decade ago.
With larger development sites increasingly becoming slim pickings in the booming Gold Coast property market, developers are casting their visionary gaze to smaller, narrower lots.
Both the proposals lodged with the Gold Coast City Council for Surfers Paradise and Broadbeach are for sites spanning only 607sq m with 15m-wide frontages.
Brisbane-based Frank Developments is behind the Mira Residences project on Garfield Terrace, a planned $100-million-plus, 31-storey beachfront tower.
Designed by Ferro Chow Architecture, it comprises 13 double-storey apartments and a four-storey penthouse with a private rooftop terrace.
“It’s very innovative. I don’t think anything like this has been done before in Queensland or Australia,” managing director Jared Chow said.
The Northcliffe-Terrace-to-Garfield-Terrace stretch between Surfers Paradise and Broadbeach has been in strong demand from developers over the past 12 months.
The sand grab for absolute beachfront development sites has sent land rates soaring beyond $20,000 per square metre.
▲ Artist renders for Mira Residences at 61 Garfield Terrace in Surfers Paradise.
According to the planning report lodged for 61 Garfield Terrace, the “most striking element of the proposed built form is the slender tower form, which is consistent with the evolving character of Surfers Paradise”.
“The proposal design is driven by a highly contemporary, slender, materially-rich design and green architecture, offering a sophisticated coastal style.”
As a result of the slender built form, it “retains the openness and attractiveness of the existing skyline for the local area and city more broadly”.
“Additionally, the proposed development includes an articulated rooftop, with terrace space, contributing to the iconic skyline of the Gold Coast.”
Ferro Chow Architecture director Marco Ferro said the proposed Mira Residences tower “meets a large gap in the market for spacious, thoughtfully designed apartments within the Surfers Paradise high-density zone”.
He said the city plan called for building heights to change abruptly to achieve deliberate and distinctive contrast in build form within and between low, medium and high-rise areas.
“Mira’s slender singular apartment width satisfies the strategic city plan while adding character to the city’s iconic skyline and maximising apartment view aspects,” Ferro said.
The other ultra-thin tower proposal at Broadbeach has been lodged by Luxe Monaco, a Gold Coast-based entity listed with two Sri Lankan-born directors.
It comprises a planned 22-storey residential building with 15 full-floor four-bedroom apartments as well as split-level sub-penthouse and penthouse.
“The proposed tower is extremely slender as a result of the narrow dimensions of the site and smaller tower floorplate,” the planning documents said.
“This is a key factor differentiating the proposed development from many of the other recently approved-constructed towers within the broader neighbourhood which typically comprise far more bulky towers with larger floorplates.”
It also said the TVS Architects design “provides a tower form that, despite not including a podium, is extremely slender designed to appropriately interface with the adjoining properties and street by minimising privacy and amenity impacts and facilitating activity and passive surveillance within the streetscape”.
“The tower very much so is representative of a ‘slender form’ as sought to be achieved by the High Rise Accommodation Design Code … [which] provides a reference point for what the city plan considers as a ‘slender’ built form outcome.
“The proposed development results in a typical floorplate comprising a gross floor area (excluding balconies) of 258sq m, significantly less than the 750sq m quoted in [the Code], thus reinforcing the slender nature of the proposed tower.”
The slenderness of the proposed tower also “produces a relatively narrow, fast-moving shadow which limits any potential impacts to properties,” the documents said.
The Brittania Avenue tower plans also include two communal areas on level one —comprising a gym, steam room and sauna, pool and outdoor recreation space—and level 18 with a barbeque space and entertaining terrace.
