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.
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.
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.
Article Source: www.qldpropertyinvestor.com.au
