Construction commences at $106 million Avalon in Maroochydore

Mosaic Property Group has commenced construction on Avalon a new multi-residential Maroochydore development.

The $106 million multi-residential development located on Duporth Avenue in Maroochydore comprises 86 apartments across two buildings.

It also consists of a range of amenities including a ground-floor café, health and wellness facilities, private pontoon access, resort pool and an concierge service. 

Avalon is situated in a north-east facing position directly on the shores of the Maroochy River. 

Mosaic Founder Brook Monahan said the development is the Group’s fourth development on the Sunshine Coast, and first for Maroochydore. 

“Over 70% of Avalon has now been sold, an incredible result at this stage of the project," he said.

Monahan said Avalon will create significant employment opportunity and drive economic growth for the area. 

Officially launched in late 2018, Avalon has reached over $67 million in sales, and receives ongoing interest from local and interstate buyers, Monahan said. 

There were recently new apartment releases within the building, including two-bedroom apartments starting from $560,000 and three-bedroom from $922,500.

Avalon by Mosaic is due for completion in early 2021.