Mosaic Fast-Tracks Coast Tower on Back of $90m Pre-Sales

South-east Queensland developer Mosaic will put shovels to dirt for the construction of the $160-million Lily at Broadbeach.

The developer has made $90-million in sales, which managing director Brook Monahan said had fast-tracked the start of construction on the site next to its sold-out $166-million Marella project.

Monahan said the project was on track to achieve sell-out in a comparable timeframe to Marella, if not sooner, due to the market’s confidence in Mosaic’s proven track-record of delivery, coupled with the lack of supply of high-end luxury apartment product on the Gold Coast.

“Based on the performance of our previous nine high-end developments released and delivered to the region, we were optimistic about the market responding positively to Lily,” Monahan said.

“That said, we didn’t expect such a tremendous result quite so quickly, especially before public release.

“Similar to Marella, the bulk of sales have come from our VIP database, including repeat buyers, referrals, and many who have been following Mosaic for some time now.”

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▲ Mosaic is anticipating the project will sell out more quickly than its neighbouring Marella development at Broadbeach.

Monahan said consistency of delivery and buyer confidence was crucial in the current climate.

“By controlling every aspect of the development process, including having our own highly skilled construction arm, buyers have the critical assurance they need that their beautiful home will be completed and to the highest standards,” he said.

“Buyers are very conscious of the construction sector’s ongoing volatility due to supply chain issues and material and labour costs and, given this, much of the perceived supply will likely not eventuate at any point in the medium-term future.”

Lily is Mosaic’s third collaboration with Gold Coast-based Plus Architecture, who also designed Marella and Dawn at Mermaid Beach.

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▲ The project will feature 98 apartments with views across Broadbeach and to the ocean.

The project comprises 98 apartments across 29 levels, which overlook Nikiforides Family Park and has uninterrupted ocean views.

It also includes a gymnasium, sauna, steam room, resort pool, barbeque and dining spaces, and a top-floor residents’ lounge with a kitchen, dining space, library, and workstations.

All six of the skyhomes have been sold off the plan at an average price of $3.3 million.

Lily is Mosaic’s 10th project on the Gold Coast in less than four years, chalking up $850 million of developments on the coast.

The developer has 12 active construction sites across south-east Queensland with a pipeline of 770 apartments to be delivered in the next two years.

Article source: Queensland Property Investor

Amaya at Broadbeach hits major sales milestone

Canberra-based developer Amalgamated Property and partner Base Development have hit a major milestone at its Gold Coast tower, Amaya Broadbeach.

They’ve now sold over 50 per cent of the 120 apartments which are now under construction at 30 First Avenue.

The 33-level tower, just 300-metres from the beach, has two-bedroom apartments starting from $1.25 million, and three-bedroom apartments from $1.29 million.

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Amaya at Broadbeach
30 First Avenue, Broadbeach QLD 4218

DBI Design have focused on creating a harmonious relationship between the building and its natural surroundings, allowing residents to indulge in views of the Hinterland, the ocean, and the vibrant greenery of nearby parks and streets.

There are only four apartments per floor, so residents are getting the best of both worlds with a high-level of amenity which is expected in a high-rise tower, with the exclusivity and privacy of a small number of apartments on each level.

The apartments feature open-plan layouts, allowing for generous living spaces that seamlessly flow onto large private balconies.

Premium finishes and high-quality inclusions can be found throughout the apartments, including premium stone, engineered timber flooring, and top-of-the-line Smeg appliances, as well as floor-to-ceiling glass windows, strategically positioned to maximise both natural light and the views in every home.

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Amaya at Broadbeach
30 First Avenue, Broadbeach QLD 4218

Amaya also offers residents an abundance of resort-style amenities, including a lap pool, state-of-the-art gym, yoga terrace, spa, sauna, and steam room.

Amaya residents will have easy access to what makes the Gold Coast so sought-after, while also being near to everyday conveniences such as cafes, shops and transport links.

Article source: Queensland Property Investor

Benowa’s most expensive property The Lakehouse back on the market

A LUXURY Gold Coast house that set a suburb record when it changed hands last year is back on the market.

The Lakehouse’s $6.335 million mega deal was the highest price paid for a property in Benowa when it sold in April, 2022.

It settled in June, 2022.

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Make a splash in the lakefront property.

Twelve months later and the house, inspired by the glamorous grandeur of Los Angeles mega-mansions, is back on the market via expressions of interest through Robbie Graham of Ray White Prestige Gold Coast.

“The seller walked in last year and fell in love with it,” he said.

“The family has lived on the main river and said they had enough of the noise and activity and lack of privacy on the river.

“Walking into The Lakehouse and they felt at peace and at ease.

“There’s no boats, no jetskis, no pontoons — it’s just peaceful tranquil waterfront living.”

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Inside the ‘rock star’ property.

He said the vendor would not sell the property for less than $6.335 million.

“The sellers’s expectations are in excess of what the property was purchased for last year,” Mr Graham said.

Mr Graham said the house was less than two years old and in impeccable condition.

“It’s a rock star house,” he said.

“It’s one of the best houses in Benowa and it’s a really well-thought out home.”

Martin and Dina Kenins, who operate as Kenins Developments, built the ultra modern two-level house at 150 Sir Bruce Small Blvd before offloading it last year.

The exterior of the home uses extensive raw materials including timber, stone and concrete.

Entry to the property is through an enormous pivot door, which reveals a hidden gated courtyard, and proceed through to a front entrance.

A large open-plan living room, bar, dining room and kitchen is flanked by sliding doors and floor-to-ceiling windows that allow broad views across the lake.

The kitchen has a scullery and is fitted with dual Smeg ovens and an integrated coffee machine.

It has Caesarstone benchtops along with a mosaic tile feature wall.

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Entertaining is a breeze here.

There are 100 per cent wool carpets in the bedrooms, which include a guest suite on the lower level, an ensuite and a walk-in wardrobe.

A Tasmanian oak staircase leads upstairs to four other bedrooms, including a large master parents’ retreat.

The suite has a terrace with water views, walk-in wardrobe and an ensuite with dual vanities, showers and a freestanding bathtub.

The property has a magnesium swimming pool and landscaped gardens that are fully irrigated and have feature lighting.

Property records reveal the highest price paid in Benowa this year is $5.5 million for 64 Cabana Blvd.

Article source: Queensland Property Investor

Gold Coast real estate: Waterfront living with grandeur

WITH views across Hope Island’s prestigious Grand Canal, a near-new luxury home offers the ultimate waterfront lifestyle along with a touch of modern grandeur.

Located at 1663 Riverdale Dr, the five-bedroom, seven-bathroom home was completed in late 2022 after a full rebuild by owner Maria Friesen, who fell in love with the location and its potential.

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1663 Riverdale Drive, Hope Island.

Ms Friesen explained she bought the property in 2021 after searching for a suitable site to construct her dream home.

“I was looking at another block when the agent said they had something else and pointed to this one,” she recalled.

“It had a slab and a couple of walls left but all the underground work had been done.”

Working with her builder, Ms Friesen envisaged a luxury home with a grand entry, timeless design and all the features befitting the property’s sought-after Hope Island location.

“I wanted people to have a feeling of wow when they walked in,” she said.

“The aim was a light and bright home that was classic yet modern and could be dressed up any way you wanted to due to its timeless interior design.”

A year later that dream had come to fruition, with Ms Friesen moving into her two-storey, luxury canal-front home just prior to Christmas.

Offering a grand foyer, complete with sweeping staircase, chandelier and views to the water, the home includes five ensuited bedrooms, two double garages, multiple living areas, a media room, underground wine cellar, and waterfront swimming pool overlooking a private boat pontoon.

The upstairs master suite has a large walk-in wardrobe and ensuite, along with access to a covered balcony.

“The main bedroom has a beautiful view to the water, including from the ensuite,” Ms Friesen said.

“And that walk-in wardrobe is a dream.”

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1663 Riverdale Drive, Hope Island.

Downstairs, the kitchen has an expansive butler’s pantry, while the open plan living and dining areas flow onto a covered alfresco area complete with outdoor kitchen which overlooks the swimming pool and waterway.

“It’s a very big kitchen with a breakfast bar that has a view to the water,” she said.

“In the morning, it’s just beautiful to look out and take that view in.”

This layout also makes the home ideal for entertaining, Ms Friesen noted.

“It’s not just a beautiful home, it’s also practical,” she said.

“You can have catered events using the butler’s pantry which has all the fixtures needed for a second kitchen, or you can entertain by the pool and enjoy the indoor/outdoor areas.”

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1663 Riverdale Drive, Hope Island.

The property is located within the gated Rosebank Estate and is a short distance from Sanctuary Cove, three championship golf courses, and Hope Island Marina with its shopping centre.

“It’s such a peaceful and private home to live in, but offers easy access to everything,” Ms Friesen said.

“You can walk to the shopping centre, the marina and nearby cafes and restaurants, and you can drive to the motorway in about 10 minutes.”

Meanwhile, the property’s private pontoon offers direct access to the Grand Canal then Coomera River, completing the Gold Coast boating lifestyle.

“You could even go shopping by boat, if you wish,” Ms Friesen said.

But after seeing her dream waterfront home come to life, Ms Friesen noted it was time for a new adventure.

“My circumstances have changed and I’m looking to move to the Gold Coast hinterland,” she said.

“This is a beautiful house that really suits everyone, whether it’s a family, a couple or dual living with extended family, and it’s great for visitors as well.

“It’s a stunning waterfront home with a timeless design that someone can really make their own.”

The Hope Island home at 1663 Riverdale Dr is currently for sale by expression of interest through Ivy Realty’s Ivy Wu and Isaac Kim.

Article source: Queensland Property Investor

‘Now and for the future’: long-awaited projects funded in council’s first $1b budget

Sunshine Coast Council has delivered its first billion-dollar budget, with the mayor saying the local government body was “managing our community assets for current and future generations”.

Foreshore transformations, traffic-busting road improvements, a new district library, world-class sporting precincts and preserving and celebrating the environment are key inclusions in the newly adopted 2023-24 budget.

Mayor Mark Jamieson said that despite the challenges the region had faced over the past few years, council was forecast to achieve a strong operating result of $24.6 million.

“This will enable continued investment in the capital program and repaying debt, while ensuring council remains in a position to continue to deliver for the community,” he said.

“We are maintaining our focus on fiscal responsibility, delivering services in a cost-effective and responsive manner and managing our community assets for current and future generations.

“We have also been mindful of the expectations of our community and the standard of services they seek from our council.

“We have focused on minimising the rate increase, and balancing this with the challenge of accommodating the increasing costs of delivering infrastructure and services.

“We are maintaining our focus on fiscal responsibility, delivering services in a cost-effective and responsive manner and managing our community assets for current and future generations.”

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$2.8 million has been allocated to finalise placemaking and streetscape works in Eumundi Town Centre.

Cr Jamieson said the capital works program for 2023-24 would be $331 million.

“This includes support for a number of major long-awaited projects, some delivered with contributions from the state and federal government, that will vastly improve the way we move around the Sunshine Coast and give us easier access to business and lifestyle centres like Mooloolaba and Caloundra,” he said.

“Lifestyle, the beautification of our hinterland and coastal towns, and community connectivity are also going to enjoy considerable investment.’’

Highlights include:

• More than $21 million invested in the region’s new district library at Caloundra, which is part of a vibrant creative community hub that will create a wonderful centrepiece for locals and help activate the vital coastal town and surrounding communities.
• More than $21 million invested to upgrade the Nambour waste precinct at Bli Bli, to sustainably manage our future waste and take another step towards our goal to become a zero-net emissions organisation by 2041.
• The Mooloolaba Central Meeting Place, a place where our community can gather, celebrate and connect with nature and each other, will receive an investment of $7 million.
• The final section of the Brisbane Road upgrade in Mooloolaba will be built, between Kyamba Court and Tuckers Creek Bridge, thanks to funds totalling $5.5 million.
• More than $5 million will flow to improve road safety and reduce congestion and advance the Caloundra Transport Corridor Upgrade.
• A $6 million investment in a new attractive streetscape that will soon transform First Avenue, Maroochydore, into a vibrant, shaded and inclusive CBD, providing businesses, residents and visitors a more inviting space to live, work and play.
• Almost $3 million to finalise placemaking and streetscape works in Eumundi Town Centre.
• Beautifying Maleny’s main street and historic Landsborough’s streetscapes, along with and enhancing Mary Cairncross and the Maroochy Regional Bushland Botanic Gardens have also attracted significant funding.
• Hinterland areas worst hit by landslips during last year’s weather events, including Bald Knob, Wootha, Glenview, Eudlo, Peachester, Montville and Maleny, will receive more than $40 million to rebuild and rectify damages thanks to the Australian and Queensland governments’ Disaster Recovery Funding Arrangements.
• $24 million has been allocated to key sporting projects, including the evolution of the Honey Farm Road Sports Precinct, Kawana Waters Regional Aquatic Centre and expansion of Sunshine Coast Stadium.

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The environment is front and centre of this year’s Budget, including improvements to the Mary Cairncross Scenic Reserve.

Cr Jamieson said council recognised that a number of residents were finding it difficult to make ends meet as cost-of-living pressures intensified.

“Council has worked hard to keep the minimum general rate increase for owner-occupiers to below CPI,” he said.

“The majority of owner-occupied properties will see a $1.42 per week increase in their general rate. This 5.55 per cent increase is below CPI.

“Anyone experiencing financial hardship can contact council before their rates are due and arrange a payment-by-instalments agreement over a six-month period to December 31, without interest being charged.”

The rates changes are:

• Rates for the owner-occupiers on the minimum general rate – the majority of residential properties – will increase by $74 ($1.42 per week) to $1406.50 per annum – a 5.55 per cent rise.
• The environment levy will increase by $2 to $82.
• The Transport Levy will increase by $2 to $47.
• The Arts and Heritage Levy will increase by $2 to $18.
• A 240-litre wheelie bin service charge will increase by $27.60 to $360.30. This includes the $15 per tonne state government domestic waste levy.
• Overall, rates and charges for the majority of owner-occupiers on the minimum general rate will increase by $107.60 to $1913.80 – or 5.96 per cent.
• All eligible pensioners will benefit from a 7 per cent increase in their pensioner rate concession. Sole homeowners on full pensions will receive a $290 annual concession (up from $271 in 2022-23) and those with joint title to the property will receive a maximum of $227 per annum (up from $212). Those on part-pensions will also benefit, with their annual concession increasing to maximums of $145 and $83 (single and joint title), increasing from $136 and $77 last financial year.

Cr Jamieson said one of the greatest challenges both the community and council had grappled with recently was the many previous long-term rental homes and units now being used for short-stay accommodation.

“This has contributed to the longer-term rental shortage on the Sunshine Coast,” he said.

“And we are not the only local government facing this challenge – many long-term renters and communities across the world have felt the impacts.

“To remain consistent with other south-east Queensland tourism destinations, short-stay accommodation properties have been reviewed and benchmarked, resulting in rate increases comparable to those of other local government organisations.

“We wanted to encourage owners to leave properties in, or return them to, the long-term rental market.”

Property owners have the option to return their properties to the longer-term rental market and reduce their rates should they choose to.

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Kawana Waters Regional Aquatic Centre and Sunshine Coast Stadium have received funding in the 2023-24 budget.

Cr Mark Jamieson said this year’s $1 billion budget demonstrated council’s unwavering commitment to shaping a stronger, better and more sustainable region.

“This is a budget that will deliver now and for the future, investing in projects that will enrich how we live, work and play,” he said.

“It will maintain the high quality of services our community deserves and enjoys and factors in the rising costs associated with materials and labour, a challenge facing industries, organisations and governments everywhere.

“The investments contained in this budget will secure jobs into the future, work to repair the impacts of extreme weather, encourage people of all ages and capabilities to be more active, help us better enjoy our wonderful outdoor lifestyle, and preserve our environmental assets.

“In developing the 2023-24 budget we have taken a thoughtful and balanced approach, minimising rate and levy increases to assist our community with the challenges associated with cost-of-living pressures.”

Article source: Queensland Property Investor

Stockland brings new industrial facilities online

LISTED property giant Stockland has completed the latest stage at its distribution centres at Yatala and Willawong in South East Queensland, meeting demand for logistics space in Brisbane’s growth corridors.

Yatala Distribution Centre in the Brisbane to Gold Coast corridor and Willawong Distribution Centre in Brisbane’s south-west corridor are located within proximity of major consumer markets, infrastructure and employment hubs.

“With these completed stages at Yatala and Willawong logistics assets, we’re providing more than 27,000 square metres across South East Queensland with excellent road links to local and regional markets, which drives success for our tenants and ultimately their customers,” said Tony D’Addona, executive general manager of logistics at Stockland.

Australia’s increasing e-commerce penetration is driving the need for more freight, warehousing and manufacturing space, with the per person space requirement on the eastern seaboard expected to grow from around 7 square metres in 2019 to 9 square metres by 2025.

“With the completion of Stage 3 at Yatala, our new tenants Moxy Logistics and Disruptive Packaging have direct access to the M1 Pacific Motorway, enabling them to service both the Brisbane and Gold Coast markets, each about 40 kilometres away. It’s also close to key destinations like their airports, as well as the Port of Brisbane,” added D’Addona.

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“Our Willawong Distribution Centre tenants PGF Insulation, Whites Powersports and Wilson & Bradley have been drawn to the central location, about 20 kilometres south of Brisbane, and its proximity to major arterial roads like the Logan Motorway and the Acacia Ridge intermodal freight terminal.”

Both assets are targeting a 5-Star Green Star Design and As Built rating in an effort to not only reduce environmental impact but enhance employee wellbeing and reduce occupier costs.

“We are working closely with our customers to understand the drivers of their business, ensuring our distribution centres meet their needs now and into the future. This means our customers can grow with us and can move to bigger spaces or different locations as their needs change,” said D’Addona.

Stockland is currently planning for Stage 4 of Willawong Distribution Centre, with construction set to begin at at Yatala Distribution Centre South, which will comprise almost 20,000 square metres of warehouse space with a quarter pre-leased for occupancy around early 2024.

The distribution centres are part of Stockland’s $6.4 billion development pipeline of logistics assets across Australia.

Article source: Queensland Property Investor

Check out the ‘western’ suburb with a healthy appetite for property sales

Robust prices and invigorated property sales are ensuring one suburb west of the Nicklin Way remains a healthy prospect in the minds of cashed-up buyers.

Demand for property in Birtinya – the heart of the region’s Health Precinct and only a stone’s throw from shopping and the beaches of Bokarina, Wurtulla and Currimundi – continues to shine, despite the current tight economic climate and continuing interest rate hikes.

And strong auction action is creating an atmosphere where both buyers and sellers are walking away happy.

Dan McNamara, of Ray White Kawana Waters, said Birtinya sales prices were up “across the board”, but the area was setting records for units when taken to auction – time and time again, selling at significantly higher prices than both buyers and sellers anticipated.

“There is still a lot of FOMO (fear of missing out) out there and amenities play a significant role in the decision-making process,” Mr McNamara said of the recent sales.

“People who are actually buying just want a genuine place to call home, thereby contributing to the overall stability of the market.

“Birtinya is bucking the trend but I’ll be honest, there’s been a lot of luck there, too: we’ve just had the right people at the right time.

“Things have just fallen into place on the home front but the unit prices – to see those increases have been incredible.

“That is a standout.”

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Sunshine Coast University Hospital lies at the heart of a suburb boasting strong property prices, despite the tight economic climate. Aerial imagery by Nearmap.

Mr McNamara said his office had set a benchmark for a one-bedroom unit in Birtinya Boulevard, surpassing the previous record set, then a mere two weeks later setting the record price considerably higher again.

“Historically, the highest price for building 101 Birtinya Boulevard (unit block) was $421,000 or $425,000: that was in the absolute peak of the market,” he said.

“We just transacted one at $426,000 – not a big increase, but an increase nonetheless.

“I’ve just got another one under contract, which is due to go unconditional by Monday, which is going to reset that record yet again.

“I can’t give out the price just yet but it is considerably above and not only that, it’s only on the second floor whereas the one we set the record for was top floor.

“Then to 69 Prosperity Drive: a four-bedroom, two-bathroom, two-car town home – $895,000. The highest price throughout the pandemic … was $887,000.

“And 40 Viridian Circuit. It was on the market in December. The highest offer prior with another agent was $795,000. We took it to market, didn’t even get to do the (marketing) photos, and sold it for $837,500.

“There was one up the road with another agent, and it sold for $775,000. Absolutely identical.”

Mr McNamara, who moved to Birtinya with his wife from Melbourne for a lifestyle change, said all his sales in Birtinya had been to owner/occupiers, with only a handful of those buyers working in the health industry.

He believes the location and amenities of Birtinya held value for the majority of buyers.

“Despite a 68 per cent decrease in available homes, the market hasn’t just picked up again after a brief lull but has more so bucked all national trends,” he said.

“Birtinya … is still somewhat undervalued in terms of proximity to everywhere.

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Sellers and buyers are reaping the rewards of buying property at auction in Birtinya. Photo: Shutterstock

“Everything I’m reading and seeing on the news, it’s all doom and gloom. While concerns about interest rates have affected buyer sentiment, serious buyers remain very active in the market.

“But ultimately, buyers still buy and sellers still sell. There has been hesitation, but serious buyers are still buying.

“There’s an air of caution around what they’re spending but there’s still three or four cautious buyers pushing the prices up.

“They’ve done their homework prior and then they’re seeing that they’re not the only party really involved (at the auction) and they’re quite surprised.”

Article source: Queensland Property Investor