VETERAN DEVELOPER SET FOR GOLDEN DECADE WITH TWO SIX-STAR DEVELOPMENTS ON GOLD COAST’S PRIME BEACHFRONT AS THE INTEREST IN AUSTRALIA’S OPULENT APARTMENTS CONTINUES TO SWELL
With more attention on Southeast Queensland than ever before, veteran property developer David Devine has entered a “Golden Decade” with his two signature six-star apartment developments now under construction in two of Gold Coast’s most tightly held beachfront suburbs.
As momentum builds in Southeast Queensland towards the 2032 Brisbane Olympic Games, Mr Devine’s two beachfront addresses are perfectly positioned to cater for the growing demand for luxury product on the Gold Coast.
His first project Royale Gold Coast is valued at over $465 million and located on prime absolute beachfront land in Surfers Paradise. His second, Burly Residences is valued at over $530 million and located on The Esplanade in North Burleigh – overlooking the beach and close to the North Burleigh Surf Life Saving Club.
Mr Devine’s confidence in Gold Coast’s prestige property market is backed by 35 years’ experience in property development, with a strong focus on Southeast Queensland where his family lives. He understands better than anyone that there is a lot of interest in the Gold Coast market at the moment, with a great deal of choice for potential buyers.
“We strongly believe that we have the two best sites on the Gold Coast. Not only that, our Royale and Burly projects are now both under construction which is a great milestone and one that gives buyers the confidence that our projects are going ahead and will be finished to the requisite standard,” Mr Devine said.
“With rising property and construction prices, many developers of new projects will have no choice but to offer smaller apartments at increased prices and there is a lot of risk that many developers will be unable to get projects off the ground.”
Broad Property Research said Royale Gold Coast and Burly Residences shared all the ‘signposts of quality’, having a reputable developer with a proven track record of delivery, combined with an award-winning design team and an experienced project team. This provides purchasers with a strong level of comfort that the works will be finished on time and to the high level of quality promised.
Leading independent analyst Paul Broad released a property market report on Burleigh Heads, looking at where Burly Residences sits in the market and concluded that apartments at Burly can expect to achieve premium prices.
“The average price of new apartments targeted to the top-end owner occupier increased on the Gold Coast by around $2400 per square meter of floor area in 12 months to May,” he said.
“The median sale price of apartments in Burleigh Heads increased on average by 13.7% per annum over the past three years, while neighbouring Miami saw an annual growth rate of 15.0% over this same period. This is higher than the Gold Coast average of 12.6%.
“Burly’s beachfront apartments of six-star quality are considered excellent value for money – especially when compared to places like Sydney which can sell in excess of $50,000 per square meter of floor area in similar waterfront locations.”
Construction on Royale Gold Coast commenced in July 2022 and is advancing towards completion in the first quarter 2026. The building now rises out of the ground at its absolute beachfront address with structural works set to advance at a rate of one floor per week on average.
Mr Devine confirmed the project should rapidly take shape over the coming year with structural top-out forecast for the third quarter of 2025.
“Purchasers can already see the unique orientation and design of the Royale tower, that sees every apartment benefit from north-east beachfront views and balconies that are protected from the south-easterly winds,” Mr Devine said.
Construction at Burly Residences commenced in February this year with demolition works now complete and basement retention works underway. DD Living amalgamated two prime beachfront development sites at 264 and 266 The Esplanade creating a combined site area of 2024sqm with 40-metres of frontage directly overlooking North Burleigh beach. Completion of Burly Residences has been forecast for the last quarter of 2027.
“With demolition now complete, purchasers can really get a true idea of the sheer size of this unique site. The 40-metre frontage has allowed our architects to produce a truly magnificent offering for Burly residents that includes expansive apartment sizes with generous entertainer balconies that we believe will not be offered on the Gold Coast again,” Mr Devine said.
Apartments at Burly Residences range in size from 116m² to 743m² gross and will be amongst the largest on the Gold Coast market. Generous sized balconies provide additional entertaining space, ranging in size from 45sqm in some two-bedroom apartments to as much as 106sqm in many of the three-bedroom residences. Apartments currently released to the market are selling from $2,400,000 to $13,900,000 with options for large floorplans incorporating multipurpose rooms available within the Skyhome Collection, which are priced from $7,300,000. Two double-storey penthouses, both with swimming pools, are yet to be released to the market and will be two of Gold Coast’s finest ultra-prestigious beachfront penthouses.
At Royale Gold Coast, less than 15% of apartments remain available for sale, with private residences selling from $4,987,500 for a three-bedroom apartment and the penthouse collection selling from $8,373,750. Prices for the full-floor penthouses are available on application.
Luxury apartment specialist Adrian Parsons, whose team at TOTAL Property Group is selling both Burly Residences and Royale Gold Coast, said both developments were primed to meet the predicted growth in Queensland over the next 8 years towards the 2032 Brisbane Olympic Games.
“Queensland’s population is growing fast and there is a scarcity of development sites in prime beachfront locations so we advise people who are thinking of buying a luxury apartment on the beach to act sooner rather than later and benefit from today’s property prices,” Mr Parsons said.
A combination of strong population growth and significant infrastructure investment in Southeast Queensland combined with a lack of new construction starts and dwindling building approvals is creating significant demand for property on the Gold Coast.
Queensland’s population is growing at the highest rates ever seen and recently reached records for the highest population increase in Queensland’s history on all accounts. 139,479 people moved to Queensland from interstate in 12 months to September 2023, and 87,954 people moved to Queensland from overseas during the same time.
“This is fuelling demand for high quality apartments that will certainly accelerate as we head closer to the 2032 Brisbane Olympic Games,” Mr Parsons added.
Burly Residences and Royale Gold Coast both feature two whole floors of six-star resort and lifestyle amenities with swimming pools, sun beds, barbecue areas, pool deck, casual and formal dining, kitchen, bars, private office space, an executive lounge and wellness centre with gymnasium, steam room, sauna and designated space for yoga and Pilates workouts.
Originally published on Your Neighbourhood. View article online HERE.