RESIDENTIAL PROPERTY

Devine targeting luxury downsizer market

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DEVINE Development Group has unveiled plans for a $105 million luxury apartment project in Burleigh Heads, as the Gold Coast continues to be a drawcard for interstate and local buyers.

The development, Alba Residences, will be located at North Burleigh and will be comprised of full-floor and half-floor apartments across 21 levels.

“We have worked for a long time to bring a project together that epitomises beachfront apartment living and Alba is the creation of that,” said David Devine.

The residences will be designed by Bureau Proberts, with interiors by Mim Design and will be priced from $2.25 million.

The full-floor apartments will span 436sqm, made up of four bedrooms, four bathrooms, a multi-purpose room and a powder room. While the half-floor residences will have three-bedrooms across around 218sqm.

Alba will also feature a lifestyle podium with amenities including a pool and gym.

“We believe is it a fantastic time to enter the market. Burleigh Heads is undoubtedly one of the most sought after residential locations for the luxury downsizer anywhere in Australia and there is certainly currently a shortage of new apartment product tailored to this market,” said Devine.

The project will be built along the North Burleigh coastline and within close proximity to the North Burleigh Surf Club and to offerings on Goodwin Terrace and James Street.

“Interstate migration to the Gold Coast is very strong as is the value that the Gold Coast offers compared so the southern states. The market is certainly leading the way nationally.”

In March, Brisbane-based Spyre Group achieved more than $50 million in sales over a single weekend, with the groups three luxury Gold Coast apartments going on to sell out at the end of the month.

Such sales reflect the strong buyer demand for luxury beachside properties across the Gold Coast, with activity spiking in areas such as Surfers Paradise and the Chevron Island catchment.

“Alba will be the epitome of beachfront living on what is a very tightly held and very high demand beachfront precinct,” said Jamie-Lee Edwards of JLE Projects, who are managing the marketing of the development.

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