Four new developments setting the standard in luxury

A slew of new luxury projects will make their market debut this year and set a new benchmark for the best of the best. Most are located in Australia’s hotspots for high-net-worth buyers – think glamorous beaches and prestige addresses.

Upscale beachfront development Eade launched at Byron Bay in December. The three-level boutique collection of 25 residences ranges in size from 206 square metres to 622 square metres, with prices starting at $4.75 million.

All of the 10 ground-floor apartments have secluded gardens and nine have private pools, while the 10 rooftop terrace apartments all have their own plunge pools and views across the beach.

“Every detail, from the architecture and landscaping to the interiors and amenities, has been carefully considered to reflect Byron’s natural beauty and relaxed sophistication,” says Chris Vitale, managing partner of Vitale Property Group, developer of Eade. “It’s not just about luxury, it’s about authenticity and a feeling that can’t be replicated.”

Eade

29 Shirley Street, Byron Bay, NSW 2481

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For many affluent buyers, the Gold Coast is the place to be. It’s where they’ll find plush penthouses at a more affordable price than Sydney or Melbourne, and of course, some of Australia’s best beaches.

The full-floor penthouse on level 36 of Royale, set for completion by the end of March this year, fetched a sale price of $19.568 million – topping the $19.18 million sale of the level 35 penthouse. Both purchasers will have access to the building’s ritzy extras, including two lagoon-style swimming pools, a wellness centre with spa, steam room, cold-plunge pool, sauna, yoga terrace and a private club overlooking the beach.

David Devine, chief executive of DD Living, developer of Royale, says the luxury market was thriving at the Gold Coast and conditions are set to improve even further with the Olympics.

“From my perspective, the Gold Coast continues to be one of the strongest luxury markets in Australia,” he says. “With Queensland’s economy performing well and the 2032 Olympic Games on the horizon, people realise this is the time to secure their position.

Royale

7-9 Northcliffe Terrace, Surfers Paradise, QLD 4217

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“That level of global attention encourages companies and investors to establish a foothold here, further strengthening the local economy. All of this supports long-term confidence in the Gold Coast’s luxury property sector.”

Construction of Coast at Surfers Paradise will also wrap up next year, with 90 per cent of the $7 million-plus apartments already sold. A total of 54 residences will be contained in the 38-floor tower, which includes resort-style features such as a sunset bar and lounge, wellness and fitness centres, sauna, steam and a cold plunge, massage and function rooms, and a concierge service.

COAST

43 Garfield Terrace, Surfers Paradise, QLD 4217

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And in Melbourne, construction is set to start this year on One Toorak Place. Containing 43 residences across seven levels, the development includes two penthouses, each with four bedrooms, media rooms, northern aspect views across to the city and private lift lobbies.

Designed by Kerry Hill Architects, One Toorak Place features a dedicated concierge, in-room dining as well as wellness facilities, including a sauna and steam rooms, hot and cold plunge pools, a gym and a golf simulator.

One Toorak Place

7-11 & 17-19 Carters Avenue, Toorak, VIC 3142

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