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Turrisi Properties Reveals First Gold Coast Project

Brisbane-based developer Turrisi Properties has lodged a development application for a $100-million, 22-storey residential development at Broadbeach on the Gold Coast.

Turrisi wants to build a slender apartment tower at 9-11 Armrick Avenue, designed by Rothelowman and incorporating 81 “high-end” apartments.

Turrisi Properties managing director Gaetano Turrisi said the development would mark the family-owned developer’s first foray into the booming Gold Coast market.

Turrisi Properties, which was established in 2000, is known for its residential and mixed-use developments.

To date the developer has delivered more than 6000 residential land lots and residences to south-east Queensland, worth in excess of $2 billion.

“As our debut project on the Gold Coast, this is an opportunity for us to enhance one of the world’s most famous beachfront skylines,” Turrisi said.

“We have not made any compromises in crafting a well-designed residential tower with liveability as the top priority.”

The high-rise development would replace an existing three-storey 1970s-style unit block.

Turrisi Properties

▲ The podium will feature communal recreation area features a gym, pool, sundeck, spa, sunken lounge, and barbecue facilities. 

The development, slated to cost around $100 million, will feature two- and three-bedroom apartments and three- and four-bedroom penthouses, as well as a zen garden, beach showers, a surf craft room and deck.

Turrisi said it would aim to be of the “highest quality bespoke craftmanship” with the development’s three top-level penthouses each boasting seperate private rooftop recreation decks.

“The Gold Coast is a visceral place that has always allowed us to make memories and mark time,” a Rothelowman spokesperson said.

“We need an architecture that emphasises the visceral and allows people to capture the everyday.”

Apartment sales on the Gold Coast have picked up pace in recent months with figures across 2021 so far outstripping the surge at the end of 2020.

Also in Broadbeach, Russian-backed Optimus Developments has completed work on its $65-million project at 31 Broadbeach Avenue.

That development similarly replaced a a 1970s-style unit block, Bel Brae, and features 22 apartments across 20 levels with an elevated ground-floor beach house, 14 full-floor apartments, six half-floor apartments and a double-storey penthouse.

At 21 Elizabeth Avenue, Melbourne-based rich-lister-turned-developer Paul Little is well advanced on a $210-million, 245-unit luxury tower set to rise to 35 storeys.

Destination Gold Coast Consortiums’ $2-billion masterplan on Broadbeach Island is also quickly taking shape.

Meanwhile, two sizeable projects are currently before the council.

Gold Coast property developer Jim Raptis has lodged plans for a 40-storey tower comprising 134 apartments across a 1550sq m site at 6-8 George Avenue, while Sydney-based developer DVB Projects has also submitted an application for a 26-storey apartment tower on the corner of 2 First Ave and 88 Old Burleigh Road.


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Why investors snap up apartments in Aria Property Group’s Brisbane apartment developments

Aria Property Group have pushed the envelope not only on sustainability but value at their newest tower, Trellis in South Brisbane

Aria Property Group always have a steady stream of interest from off the plan investors in their Brisbane apartment developments.

Investors who bought in to one of Aria’s most recently completed developments, The Standard, Aria, located in the heart of the Fish Lane arts precinct, saw great success.

Those who bought pre-completion have secured resales between 10 per cent and 38 per cent more than what they paid. Owner-occupiers showed the greatest keenness on the resales.

The investors who decided to hold on to their apartments are seeing strong 5.48 per cent rental yields throughout the building.

Aria’s latest development, Trellis, also in South Brisbane, is also expected to be a hit with investors.

The 12-story building with 110 apartments is Aria’s most sustainable yet, with 60 percent of the building covered in greenery of some variety. It will feature trellises within which improve biodiversity, as well as solar technology and even Tesla batteries and charging stations.

Aria Property Group

Trellis 20 Edmondstone Street, South Brisbane QLD 4101 

There’s over 1,000 sqm of recreational amenity space, including the Temple of Wellness on the ground floor and the Residents’ Rooftop Club on level 13. That features magnesium baths and an infinity pool with views across Brisbane. Amenity is also high on the priority list for tenants.

Apartments in Trellis start from $739,000 for a two-bedroom, two-bathroom apartment. Three-bedroom apartments are priced from $1,084,000 to $1,224,000.

Completion is forecast for mid-2023.

The Brisbane apartment market has continued to show strength over 2021, after a resilient 2020 in the wake of the pandemic.

Research from property data firm CoreLogic showed Brisbane apartment values rose 0.6 per cent over September, triple the growth of apartments in Melbourne.

At the end of 2020, the median apartment value in Brisbane was at a yearly high of $390,000. Now it’s $430,000.

Unit rental prices have also seen steady growth in 2021, up 3.5 per cent over the past 12 months.

This growth trend is expected to continue, backed in large part by billions of dollars in investment from both private and public sectors as part of the pipeline for the 2032 Olympics.


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Cube Developments lodge plans for Alexandra Headland apartment project, Harmony

Cube Developments

The Sunshine Coast developer, Cube Developments, has lodged plans for its latest coastal development, dubbed Harmony.

Cube, led by director Scott Juniper, is seeking to create a resort-style apartment development in Alexandra Headland, tabling plans to the Sunshine Coast Council for three seven-level buildings at 8 Mari Street, which will home 109 apartments.

Modulus Architects has drawn up the plans which will be centred around a swimming pool and set in landscaping by FORM Landscape Architects.

There will be just two and three-bedroom apartments,

Cube Developments

One of the sleek towers. Image credit: Modulus Architecture 

Modulus advise in their design statement that the apartments have been designed with sub-tropical Queensland living in mind; providing expansive living zones opening out to external balconies, whilst offering zones for relaxation and privacy.

“Nestled amongst the trees, the sculptural form of Harmony rises above the treetops to encompass the panoramic view of the Pacific Ocean.

“External balconies are wrapped and enveloped by a sculptural exo-skeleton reminiscent of the internal structures of marine elements such as coral and shells.”

Cube Developments

The towers will sit side by side on Mari Street. Image credit: Modulus Architecture 

Harmony will be Cube’s second development in Alexandra Headland after Beach Life, at 120 Alexandra Parade, which sold out all of its 55 apartments.

Cube recently secured a sell-out of their Mooloolaba development, Picasso, and currently have in market Seasons Birtinya.


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MVGS secure sell-out of The Tally, Palm Beach apartments

MVGS Property Group

The Tally, just a stone’s throw from the beach, was the work of Scott Dolso’s MVGS Property Group

The Gold Coast apartment market is continuing its bull run of sell-outs.

The latest comes from Palm Beach, where The Tally, the 45-apartment development on Twenty-Eighth Avenue, sold out in under three months.

The marketing began in mid-July, where half of the apartments were accounted for in less than two weeks through KM Sales and Marketing agents Todd Matheson and Chez Fraser.

Matheson says around 70 per cent of apartments went to locals.

MVGS Property Group

The Tally 14-18 Twenty-Eighth Avenue, Palm Beach QLD 4221 

“It was a huge success, with big pricing per square metre bettering anything else that side of the Gold Coast Highway”, Matheson added.

The Tally, to the western side of the Gold Coast Highway but still just a stone’s throw from the beach, was the work of Scott Dolso’s MVGS Property Group.

They had BDA Architecture design the nine-level building, which in their design statement said was inspired by the natural landforms of Burleigh Headland and Tallebudgera Creek, the fluid movements of waves, and the subtle curves of the creek.

“The architectural form and colour tones pay homage to the local context and history,” the statement read.

A raft of first home buyers hit the enquiry submission early in the marketing campaign, with the one-bedroom apartments priced from $450,000, which included a car space Unsurprisingly, they were the first to be snapped up.

MVGS recently developed Canopy, a similar development of 49 apartments also designed by BDA, nearby at 3-7 Twenty Fourth Avenue.

A number of the buyers in The Tally came from Canopy.


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