Eight high-end residences only minutes from Mermaid Beach on the Gold Coast.
The Gold Coast is about to undergo a decade of tremendous growth and the timing of the Luminare project will benefit significantly from this market growth. As a supporting city for the 2032 Olympics, the Gold Coast is receiving billions of dollars in infrastructure improvements.
Post-COVID lifestyle changes are driving migration into the Gold Coast and as a result the growth of the local population is outpacing the supply of new housing. This shortage will only be exacerbated as international tourism returns to normal: the Gold Coast typically received more than 3 million visitors per year. As we’ve seen time and time again, low housing supply leads to rising house prices.
Our plans for this site are to build two townhouses, two penthouses, and four apartments with an expected cumulative value of $28,800,000 before tax.
This project is being managed by Lion Property Group on behalf of 28 Peerless Avenue Pty Ltd.