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Gold Coast apartment insights: What happened on the Gold Coast in September

Gold Coast apartment insights

There’s been a continued uptake in residential apartment projects, with some developers still seeing exceptional results in the early weeks of launching

Any fears of oversupply across the Gold Coast were well and truly quelled in September, with data form Urbis suggesting that, if the current sales demand continues and no new developments are released, there would only be around four months of apartments left.

There’s been a continued uptake in residential apartment projects, with some developers still seeing exceptional results in the early weeks of launching.

Urban has wrapped up all of the moves in the apartment market

Chevron One adds further level of luxury, with the new Sky Homes release featuring the Gold Coast’s biggest ever penthouse 

Chevron One

Chevron One 36-44 Stanhill Drive, Surfers Paradise QLD 4217 

Chevron One, set to reign as Chevron Island’s only luxury high-rise apartment tower, is about to achieve another level of luxury the Gold Coast hasn’t seen before.

The Melbourne-based Bensons Property Group has released its Sky Home collection, starting from levels 31 and rising to level 41, soaring nearly 100 metres in the air. Bensons hadn’t released the high-level apartments, but are now seeing high demand in ultra-luxury, large apartments in the sky.

When complete, Chevron One will be the tallest tower on the exclusive island, and the tallest there ever will be, with the Gold Coast City Council two years ago bringing in strict planning laws, limiting future apartment projects to 33 metres, or 12 storeys.

Victoria & Albert Broadbeach set to launch in October

Victoria & Albert Broadbeach

Victoria & Albert 12-18 Albert Avenue, Broadbeach QLD 4218 

The Victoria & Albert Broadbeach apartment project marketing campaign will commence in October through Colliers.

The $800 million mixed-use development will feature more the 330 apartments across two residential towers rising 30 and 40 levels. Construction is expected to begin mid next year and take two years to complete, the first of many Gold Coast projects envisaged by Iris Capital, Sydney developer, Sam Arnaout.

The East tower known as The Albert will comprise 114 two, three and four-bedroom apartments over 30 levels.

The west tower, known as The Victoria, will rise over 40 levels and deliver 219 apartments of one, two and three bedrooms.

Final five apartments released in Chevron Island’s Allure as locals dominate sales 

Allure

Allure Chevron Island Corner Burra Street & Dalpura Street, Chevron Island QLD 4217 

The final five apartments in the sought-after Allure development on Chevron Island have been released to the market, at a time where the supply of new apartments is nearing record lows.

Each of the apartments left in the Macquarie York-developed, BDA Architect-designed building at 26-28 Dalpura Street, have three bedrooms and a multi-purpose room.

Macquarie York founder Roy Skaf said that the timing of launching Allure, which has netted over $72 million in sales, coincided with a demand for high-quality residences in the heart of the Gold Coast.

Locals, Sydneysiders and Melburnians swoop on Esprit, S&S Projects Rainbow Bay apartments

Esprit

Esprit 217-227 Boundary Street, Coolangatta QLD 4225

It took just a weekend soft launch for the luxury developer S&S Projects to secure over half of the sales in its latest Gold Coast apartment development, Esprit.

Esprit, at 217-227 Boundary Street, in the sought-after Rainbow Bay location in Coolangatta, sold over half of the 97 apartments on offer in the two interconnected Cottee Parker-designed buildings.

No surprise in the quick-fire sales by KM Sales and Marketing agent Jayde Pezet given the location, the fact Esprit is crowned by Club Esprit, the Gold Coast’s first ever residents-only rooftop wellness centre, and the size of the apartments.

Exclusive first look: Hirsch & Faigen lodge plans for Mermaid Beach apartment tower, Yves 

Following the launch of its boutique Kirra Beach apartment development The Emerson, the Melbourne-based developer Hirsch & Faigen are on to their next project.

They’ve lodged plans for their recently acquired 1,905 sqm Mermaid Beach site, 7-9 Mermaid Avenue at the northern end of Mermaid Beach, which was bought back in June.

H&F, led by the Melbourne lawyer Daniel Faigen and Richard Hirsch, has had ROTHELOWMAN design Yves, which will comprise three 25-level towers. They will home a total of 145 apartments.

Brisbane-based developer Siera lodges Chevron Island apartment development plans 

The Brisbane-based development and construction firm, Siera Property Group, are the latest in a wave of developers heading to the Gold Coast for the first time.

Seira, headed by the managing director and founder Brent Thompson, has laid plans on the sought-after Chevron Island for a 17-level project dubbed Tapestry, paying homage to the Island’s new Home of the Arts precinct.

The plans by the local BDA Architecture will see 83 apartments built on a 1,518 sqm site at 39-43 Darrambal Street, toward the southern end of the island.

Thompson, who sits on the board of UDIA QLD and chairs the Brisbane City Council Policy Committee, sees it as a shift in thinking for the company, who made their name in the Queensland capital developing luxury townhouses in Brisbane’s inner ring.

Sherpa branch out from Palm Beach, lodge plans for Perspective Broadwater in Biggera Waters

The Gold Coast developer Sherpa Property, who have been developing and finalising plans for a number of luxury apartment projects in Palm Beach, are broadening their horizons.

Sherpa, led by chief executive Christie Leet, are continuing the trend of their Perspective collection in Biggera Waters, lodged plans for a boutique apartment development overlooking The Broadwater at 536 Marine Parade.

The exclusive building will have just seven apartments, six full-floor, three-bedroom apartments and a two-storey penthouse overlooking Broadwater and the surrounding parklands.

 

Article Source: www.urban.com.au

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Developments

Locals, Sydneysiders and Melburnians swoop on Esprit, S&S Projects Rainbow Bay apartments

Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney’s beaches and the intercity and fringe suburbs of Melbourne

It took just a weekend soft launch for the luxury developer S&S Projects to secure over half of the sales in its latest Gold Coast apartment development, Esprit.

Esprit, at 217-227 Boundary Street, in the sought-after Rainbow Bay location in Coolangatta, sold over half of the 97 apartments on offer in the two interconnected Cottee Parker-designed buildings.

No surprise in the quick-fire sales by KM Sales and Marketing agent Jayde Pezet given the location, the fact Esprit is crowned by Club Esprit, the Gold Coast’s first ever residents-only rooftop wellness centre, and the size of the apartments.

They range between 109 sqm and 128 sqm and start from $825,000.

The three-bedroom apartments, from 151 sqm to 215 sqm, start from $1,915,000 and top out at $3.7 million.

S&S Projects

Esprit 217-227 Boundary Street, Coolangatta QLD 4225 

Nearly three quarters of buyers were local owner-occupiers, with around 30 per cent coming from Sydney’s beaches and the intercity and fringe suburbs of Melbourne.

S&S Projects boss Paul Gedoun said the demand for luxury pulsating across the southern Gold Coast.

“Esprit is a new luxury residential high-water mark for Rainbow Bay on so many levels and that has been validated by the extraordinary number of sales secured over the weekend,” Gedoun said.

“It is more than a breathtaking place to call home and these astute buyers have recognised and been drawn by its superb location, exceptional level of amenity and superiority of design.”

Gedoun describes Esprit as a project “born from Rainbow Bay’s natural incitement of a restorative lifestyle rooted in enjoyment”.

The rooftop wellness club, Club Esprit, will span more than 1,100 sqm and will feature every wellness and recreational amenity, dubbed as offering an elite-athlete standard of physical and mental rejuvenation.

There is set to be a fully equipped gym, yoga lawn, private remedial treatment room, ice bath, infrared sauna, steam rooms, 25-metre lap pool and poolside cabanas.

The wellness amenity is balanced by an expansive recreational space, including a children’s lawn with play equipment, a private dining room, private terraces, BBQ areas and an outdoor cinema.

“Not only are residents securing an immaculately designed home but essentially also a lifetime membership to one of the most impressive and exclusive wellness clubs to exist on the coast,” said Jayde Pezet of KM Sales and Marketing.

Esprit is S&S Projects’ third venture in the beachfront residential enclave and surfing mecca, following the success of the sellout of the $74 million Flow Residences up the road, as well as the nearby Awaken Residences.

 

Article Source: www.urban.com.au

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Developments

Bensons appoint ICON to build luxury Chevron Island apartment tower, Chevron One

Chevron One

Chevron One, the luxury apartment tower on Chevron Island, is one step closer, as the Melbourne-based developer Bensons have appointed the well regarded and experienced construction firm, ICON, to build the 41-level building.

Construction will begin October 11 on what will be the only high-rise on the island, with the build expected to take just over three years to complete. Bensons are aiming for completion before Christmas 2024.

ICON are one of Australia and New Zealand’s largest and most experienced construction providers. Currently that have over 75 buildings under construction, including the sell-out Signature Broadbeach tower nearby.

They’ve previously built the modern Auckland apartment, retail and hotel tower, The Pacifica, and recently signed off on the luxury Circular Quay, Sydney apartment development, The Harrington Collection.

On the appointment, Bensons Property Group Managing Director Rick Curtis said “For us, it’s about selecting a builder who is able to not only execute our commitment to the design, quality and timely delivery of Chevron One, but one that can do so in a way that reflects our company mission to deliver exceptional living, whilst making a positive contribution to local communities”.

Chevron One

Chevron One 36-44 Stanhill Drive, Surfers Paradise QLD 4217 

Luke Young, ICON Director of QLD, WA and NT, called Chevron One a landmark project for the Gold Coast.

“ICON are proud to be partnering with Bensons for the construction of the project of such significance. Bensons have an established reputation of developing high quality apartments, which is something that we pride ourselves on being able to offer,” Young said.

“We are excited to be underway.”

Chevron One is the vision of the Bensons chairman, philanthropist and art patron Elias Jreissati, who spends a considerable amount of time each year on the Gold Coast with his wife Colleen.

He wants to create an offering that epitomises understated luxury that Melbourne is accustomed to, combined with uninterrupted panoramic views over Surfers Paradise, all within an exclusive island location.

Bensons has just released their Daylight Sky Homes collection, occupying the upper levels of the tower, with the best, never-to-be-built-out views of Surfers Paradise. They start from $1.5 million, and range up to $15 million, the price tag for the huge 1,000 sqm sub penthouse.

They held back the apartments, but there has been such demand for luxury, larger apartments in the area.

Jreissati will be hanging on to the penthouse, the largest ever created on the Gold Coast spanning nearly 2,000 sqm.

Designed by global architecture practice Marchese Partners, Chevron One is built on the principle of a strong integration between indoor/outdoor living, with oversized balconies one of the key liveability factors.

There’s around 2,000 sqm of resident amenity, including two pools (one an outdoor lagoon style with a floating cinema and one indoor), an indoor/outdoor beach, a gym, a number of spas, a residents lounge with BBQ area and an outdoor sun-lounge on the podium level.

 

Article Source: www.urban.com.au

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Gold Coast

Hutchinson ranked as nation’s top apartment builder: HIA

The largest 100 residential builders created 80 per cent of new houses and apartments last year

The largest 100 residential builders created 80 per cent of new houses and apartments in the last financial year.

For the sixth consecutive year, Metricon Homes was the nation’s number one residential builder.

The largest apartment builder in this year’s report was Hutchies, who ranked as the 5th most active builder overall, down three places.

It constructed 3015 apartments, down from 3820 in 2019-20.

Hutchinson

Encore Broadbeach 22 Albert Avenue, Broadbeach QLD 4218 

Hutchinson are one of only three apartment builders in the top 20 this year, which include Meriton Apartments on 1412.

Hutchinson Builders, founded in 1918, has an average project value of $19 million, working across commercial and residential high-rise, health, education, retail, and aged care.

The top 100 list saw an increase in the number of detached house starts by 49 per cent while the number of units fell by 20 per cent.

The HIA-COLORBOND® steel Housing 100 Report ranks Australia’s largest 100 residential builders based on the number of homes commenced each year.

Metricon Homes reported a total of 6,052 new home starts across Victoria, Queensland, New South Wales and South Australia. Of these starts, 5,820 were detached houses and 232 were semi-detached dwellings. The Metricon CEO, Mario Biasin advised Metricon has grown from 604 site starts in Queensland in 2019/20 to 1177 in 2020/21 representing a 95% year on year growth.

Moving up from fourth in the 2019/20 report, the second most active builder in 2020/21 was ABN Group with 5,345 starts.

They were followed by MJH Group with 4,548 starts.

Hutchinson

“The past year has been a remarkable year for home building,” HIA Chief economist, Tim Reardon said.

“The majority of builders increased their number of dwelling starts in 2020/21 compared to the previous year. Those that didn’t were more likely to be in the multi-unit market.

“In this market, it is not surprising that detached home builders have dominated the list of the most active home builders in Australia.

“The loss of overseas migration last year hit the apartment market almost immediately.

Hutchinson

Belvedere 25 Woodroffe Avenue, Main Beach QLD 4217 

“Overseas students, tourists and migrants often stay in multi-unit dwellings when they first arrive in the country.

“This trend was exacerbated by the shift in consumer preferences towards lower density housing,” he suggested.

With this boom in home building, the minimum number of homes required to make it onto this list rose from 108 to 125, the highest in the 28 years that the report has been released.

The top 100 builders grew their market share of the new home building market from 40 per cent last year to 44 per cent in 2020/21, suggesting that larger builders were able to expand their capacity to build faster than smaller builders.

The largest 100 residential builders increased revenue earned from home construction by 31 per cent to $31.7 billion in 2020/21.

 

Article Source: www.urban.com.au

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