Downsizers and rightsizers have dominated the new and off the plan apartment market in 2024.

The two camps, downsizers in particular, are the least impacted by the continued high interest rates compared to a first home buyer or investor, positioning them as a key target for developers. Most of the new apartment developments that have come to the market in 2024 have been large apartments that suit the size and budgets of a downsizer.

Many downsizers have built significant equity in their family homes over the years and are now looking to move into more manageable living spaces, while also securing funds for retirement.

But where are downsizers and rightsizers looking to buy?&nbsp;

In this article, we've looked at the most popular suburbs in Melbourne for both buyer demographics, highlighting some of the most popular developments in those areas.

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<h2>Where: Glen Iris</h2>

The leafy <a href="https://www.urban.com.au/new-apartments/glen-iris-vic" target="_blank">Glen Iris</a>, regarded as the geographical centre of Melbourne, is a suburb that, once you live there, you will never want to leave, which makes it an ideal suburb to be developing for downsizers.

The 3146 postcode offers a perfect blend of suburban charm and connectivity to greater&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>. It boasts some of the best schools in the city, as well as easy access to the central business district.

Heath Thompson, Director at Projects by Buxton, has sold out several new apartment developments over the years and notes that&nbsp;<a href="https://www.urban.com.au/developments/glen-iris-vic-3146">Glen Iris</a>&nbsp;has long been regarded as one of&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>’s top suburbs for families and downsizers.

"You find that those who move to&nbsp;<a href="https://www.urban.com.au/new-apartments/glen-iris-vic" target="_blank">Glen Iris</a>&nbsp;often stay for generations," Thompson says.

"Generally speaking, young families move to&nbsp;<a href="https://www.urban.com.au/new-apartments/glen-iris-vic" target="_blank">Glen Iris</a>&nbsp;to enjoy a family-friendly lifestyle, with some of the best schools and parks in&nbsp;<a href="https://www.urban.com.au/developments/melbourne-vic" target="">Melbourne</a>. As they approach the empty-nesting phase, these parents often look to downsize locally because soon enough they’ll be grandparents, and their children will likely raise their families in&nbsp;<a href="https://www.urban.com.au/new-apartments/glen-iris-vic" target="_blank">Glen Iris</a>&nbsp;as well. This creates a generational knock-on effect, making&nbsp;<a href="https://www.urban.com.au/new-apartments/glen-iris-vic" target="_blank">Glen Iris</a>&nbsp;a really tight-knit community," Thompson explains.

Thompson has just one apartment remaining in <a href="https://www.urban.com.au/new-apartments/galerie-glen-iris-1538-1540-high-street-glen-iris-vic-3146">GALERIE</a>, which will be welcoming buyers in the coming months. Downsizers have driven the majority of the sales of the 29 apartments.

[smartcode_project:default project_id=112375 project_image_fid=250357]

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Equally popular over 2024 has been <a href="https://www.urban.com.au/new-townhouses/lori-glen-iris-1610-malvern-road-glen-iris">Lori</a>, which brings a different lens of downsizing to Glen Iris.

Offering low maintenance townhouses which are due to complete in March 2025, only two homes remain for sale in the development by billionaire Larry Kestelman's LK Property Group.

The three-bedroom townhouses have been designed by Megowan Architecture and&nbsp;feature high ceilings and full-length windows to maximise natural light and provide views of the preserved 100-year-old trees on the site.

[smartcode_project:default project_id=114100 project_image_fid=246529]

The most recently launched new apartment development for downsizers in Glen Iris is <a href="https://www.urban.com.au/new-apartments/avery-glen-iris-1542-1544-high-street-glen-iris-vic-3146">Avery</a>, just 24 apartments next door to GALERIE on High Street.

<a href="https://www.urban.com.au/architects/alta-architecture">Alta Architecture</a>, embraced&nbsp;the principles of wabi-sabi, a Japanese design philosophy that emphasises natural simplicity and strength.&nbsp;

Alvin Xu from Alta said the aim was to create tranquillity within the busy city environment, integrating natural elements and gardens into indoor living spaces to foster a sense of calm.

[smartcode_project:default project_id=22546 project_image_fid=288305]

Demand for downsizers is expected to continue into 2025, particularly when Time &amp; Place <a href="https://www.urban.com.au/news/vic/first-look-time-place-and-woolworths-greenlit-for-glen-iris-mixed-use-precinct">launch their mixed-use project</a> with Woolworths that will see 60 two and three-bedroom apartments developed on Burke Road.

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<h2>Where: Brighton</h2>

Brighton has long been one of Melbourne's bluechip suburbs, with house prices among the highest in the city.

It's another suburb that those who have lived in Brighton for most of their life, don't want to leave. It is also a suburb for the aspirational buyer in the new apartment market. The buyer who can't afford a house in the affluent suburb, but could downsize or rightsize into it.

"Brighton offers one of the best lifestyle offerings in Melbourne," developer Adam Sloane said.

"There’s the beach, the parks, the café culture, cinemas, retail… it has it all."

<a href="https://www.urban.com.au/developers/sloane-property">Sloane</a> is currently developing <a href="https://www.urban.com.au/new-townhouses/111-carpenter-brighton-111-carpenter-street-brighton">111 Carpenter</a>, just seven townhouses near Brighton Station. All seven townhouses are north-facing, and some feature a master bedroom on the third level which overlooks neighbouring rooftops.

[smartcode_project:default project_id=7517 project_image_fid=229014]

Each townhouse has either three or four bedrooms across two of three levels. The open plan living area opens through bifold doors to private landscaped gardens by&nbsp;<a href="https://www.urban.com.au/architects/john-patrick" target="">John Patrick</a>&nbsp;Landscape Architects. Each home has a double garage.

"I knew 111 Carpenter was a fantastic, central site for a townhouse project based on the tree-lined streets, shops, schools and transport which are all at your door," Sloane added.

"It is the ideal spot to base your family and explore all that Bayside has to offer."

[smartcode_project:default project_id=7517 project_image_fid=214119]

Golden Age will try and tap into the more luxury townhouse market in the new year when it launches its high-end development on the former site of&nbsp;Xavier junior school.

They have <a href="https://www.urban.com.au/news/vic/victorian-planning-minister-approves-golden-age-townhouse-development-in-brighton">plans approved</a> for 84 new homes across the <a href="https://www.urban.com.au/new-apartments/47-south-road-brighton-vic-3186">3.3-hectare site at 47 South Road</a>.

&nbsp;

<h2>Where: Ivanhoe</h2>

The north-east Melbourne suburb of&nbsp;<a href="https://www.urban.com.au/developments/ivanhoe-vic-3079">Ivanhoe</a>&nbsp;has been starved of new apartments in recent years.

Only a quarter of dwellings are apartments, according to the latest census data.&nbsp;

Alternative investment managers <a href="https://www.urban.com.au/developers/salter-brothers">Salter Brothers</a>&nbsp;saw a gap in the market and is currently delivering&nbsp;<a href="https://www.urban.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe">Candela</a>, strategically located at the entrance of Ivanhoe Village and near to all the community has to offer.&nbsp;

[smartcode_project:default project_id=342 project_image_fid=169535]

The neighbourhood has a WalkScore of 90 out of 100, ideal for young families and downsizers with access to parks, restaurants, and prestigious schools.

Candela will comprise just 62 one, two, three and four-bedroom apartments designed by <a href="https://www.urban.com.au/architects/john-demos-architects">John Demos Architects</a>.

[smartcode_project:default project_id=342 project_image_fid=169551]

In addition to enjoying all the surrounding neighbourhood has to offer, Candela Ivanhoe also includes communal spaces, such as multiple outdoor seating and dining opportunities amid landscaping, an atrium, a wine bar, a providore, and a rooftop garden.

<h2>Where: Hampton/Hampton East</h2>

Much like Brighton in 2024, new apartment supply in Hampton and its neighbouring Hampton East has been geared toward larger-scale apartments.

Despite Hampton East's population rising above 5,000 from the 2016 census to the most recently collected census in 2021, the percentage share of apartments declined.

Chad Arbid Projects Director Chad Arbid said it's no wonder Channel 9 chose Charming St in Hampton East to film The Block in 2023.

"<a href="https://www.urban.com.au/developments/hampton-east-vic-3188">Hampton East</a> is an affordable Bayside suburb known for parks, the beach, the best schools, shopping strips – like Hampton St, Bay St and Church St, restaurants and cafes, gyms, golf courses and medical centres - all within easy reach," Arbid says.

Arbid is marketing&nbsp;<a href="https://www.urban.com.au/new-apartments/casa-tranquila-hampton-east-15-19-king-street-hampton-east">Casa Tranquila</a>&nbsp;by <a href="https://www.urban.com.au/developers/marcopolo-property">Marcopolo Property</a>, just around the corner from the five Block houses which sold for suburb record prices last year.

[smartcode_project:default project_id=113441 project_image_fid=208735]

Casa Tranquilla, one street back from the South Road thoroughfare comprises one, two, and three-bedroom apartments.

<a href="https://www.urban.com.au/developers/wickton">Wickton</a> was another developer focusing on downsizers and rightsizers at&nbsp;<a href="https://www.urban.com.au/new-apartments/linacre-rise-hampton-8-10-linacre-road-hampton">Linacre Rise</a>, next door to Linacre Private Hospital, a consdieration a lot of downsizers have when buying.

[smartcode_project:default project_id=95289 project_image_fid=229694]

Linacre Rise will have 27 apartments, 15 two-bedroom apartments and 12 three-bedroom apartments.

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<h2>Where: Elsternwick</h2>

<a href="https://www.urban.com.au/developments/elsternwick-vic-3185">Elsternwick</a>&nbsp;hasn't typicallly procued apartments that cater for downsizers or rightsizers. Not until design-driven developer Milieu revealed <a href="https://www.urban.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick">Elsternwick Gardens</a>, its garden community next door to the landmark Rippon Lea Estate.

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<a href="https://www.urban.com.au/developers/milieu-property">Milieu</a> leaned into the fact the site no Gordon Street shares the boundary with the heritage-listed gardens that surround the 1880s-built mansion, with a private, secure gate that only future residents of Elsternwick Gardens can access.

[smartcode_project:default project_id=136535 project_image_fid=288412]

Aside from being located next door to Rippon Lea Estate, future Elsternwick Gardens residents will be a short walk from the centre of Elsternwick to the south, with its train station, shopping precinct and range of restaurants and cafes and the vibrant village or Ripponlea Village to the northwest.&nbsp;

The precinct will also include amenities such as health and wellness facilities, a simulation golf area, and for pet care, car washing facilities and hobby workshops, as well as a hospitality offering.

Milieu Managing Director Michael McCormack said Elsternwick Gardens is a once-in-a-generation opportunity.

[smartcode_project:default project_id=136535 project_image_fid=288414]

Also seeing interest from rightsizers and downsizers is the larger apartments at&nbsp;<a href="https://www.urban.com.au/buildings/eva-elsternwick-village-apartments-241-glen-huntly-road-elsternwick">EVA</a>, suited to those who want to be in the heart of the village&nbsp;just 130 metres road from Elsternwick Station.

The large three bedroom apartments, difficult to replicate in today's market, are some of the largest Elsternwick has seen.&nbsp;

The completed development by builder-developer&nbsp;<a href="https://www.urban.com.au/developers/pitard-group">Pitard Group</a>&nbsp;was completed in 2023.

&nbsp;

In this article, we've looked at the most popular suburbs in Melbourne for both buyer demographics, highlighting some of the most popular developments in those areas

Joel Robinson

Melbourne’s most popular suburbs for downsizing and rightsizing in 2024

<a href="https://www.urban.com.au/developers/aniko-group">Aniko Group</a>, one of Queensland’s leading builder-developers, is getting set to embark on one of the most sought-after projects to be launched on the Gold Coast in recent years.

Aniko Group, headed by George Mastrocostas, is taking registrations of interest at&nbsp;<a href="https://www.urban.com.au/new-apartments/the-landmark-mermaid-beach-14-seaview-avenue-mermaid-beach-qld-4218">The Landmark</a>, a groundbreaking $2 billion mixed-use project located in Mermaid Beach.

The ambitious development will consist of four towers, blending apartments, high-end office spaces, a fine dining precinct, and an internationally branded upper-luxury hotel.

The first release consists of 240 apartments. There will be around 800 in the overall precinct.

[smartcode_project:default project_id=134338 project_image_fid=311027]

“We are incredibly excited to bring The Landmark to life in <a href="https://www.urban.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a>,” said George Mastrocostas, Founder and Managing Director of Aniko Group.&nbsp;

“This project reflects our dedication to creating iconic spaces that not only redefine residential living but also enrich the surrounding community.

“We are encouraging those interested to register early, as The Landmark promises to be a highly sought-after address for those looking to experience a premium coastal lifestyle.”

[smartcode_project:default project_id=134338 project_image_fid=311026]

Landmark’s two and three-bedroom apartments have been designed to maximize views of the beach, city, and river.

Designed in collaboration with renowned architects at Plus and the expert team at Aniko Group, The Landmark merges contemporary coastal architecture with luxurious amenities that enhance the lifestyle experience.&nbsp;

Residents of The Landmark will enjoy an exceptional suite of amenities, which include a pickleball court, an outdoor lagoon pool, a dedicated Pilates studio, a golf simulator, an arcade, a sauna, spa, and a fully equipped gymnasium featuring state-of-the-art fitness equipment.

[smartcode_project:default project_id=134338 project_image_fid=311031]

Strategically positioned on Mermaid Beach, the development grants residents convenient access to the area’s pristine beaches, premier shopping at Pacific Fair, and a wide selection of dining and entertainment venues, including The Star Casino and the lively precincts of Broadbeach and Burleigh Heads.

Aniko Group brings a proven track record of delivering exceptional large-scale projects on schedule and with a commitment to quality. Following the successful completion of a $500 million waterfront transformation at Hope Island and the upcoming $145 million Orama project on Chevron Island, Aniko Group has further solidified its reputation as a trusted and reliable developer-builder. The company is preparing to redeploy its skilled construction teams to The Landmark in early 2025, ensuring the project will be built to the highest standards of quality and craftsmanship.

With its distinctive design, comprehensive amenities, and prime location, The Landmark is positioned to become a defining addition to the Gold Coast skyline and a coveted address for buyers and investors from across Australia and beyond.

[smartcode_project_cta:default project_id=134338]

Landmark’s two and three-bedroom apartments have been designed to maximize views of the beach, city, and river.

Registrations of interest start at Aniko's Mermaid Beach precinct, The Landmark

Splitting time between <a href="https://www.urban.com.au/developments/sydney-nsw">Sydney</a> and the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> has never been so popular.

While a long-favoured destination for Sydney families seeking a summer getaway, the Gold Coast is growing in popularity among retirees who are making it their second home, and sometimes, their primary residence.

Of course there are also who already have the beachside lifestyle in Sydney, but are looking for something else.

That was the case for David and Antoniette Richards, who have been Mosman locals for several decades. They recently secured a <a href="https://www.urban.com.au/new-townhouses/capri-81-salerno-street-isle-of-capri">villa in Capri</a>, the gated community currently being delivered by <a href="https://www.urban.com.au/developers/monaco-property-group">Monaco Property Group</a> on the <a href="https://www.urban.com.au/developments/isle-of-capri-qld-4217">Isle of Capri</a>, across a bridge from <a href="https://www.urban.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> and all of the connectivity that comes with it.

[smartcode_project:default project_id=139511 project_image_fid=298822]

The couple had been exploring their options and how they want to downsize. Looking at the local Mosman market, and the $5 million-plus prices that were being commanded for two and three-bedroom apartments, they decided to look north.

“We’ve been holidaying on the Gold Coast for the last four decades, and as we approach retirement, we wanted to spend more time here,” says David, a former journalist and media executive. “The decision to move north was an easy one. The question for us was where.”

For David and Antoniette, it wasn’t necessarily to make a sea change.

“Initially, we looked at places like <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a> and <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a>, but we didn’t feel the need to be right on the beach,” says David, whose home overlooks Balmoral Beach in Mosman. “What really appealed to us was the size of the properties and the type of community we could become part of.”

When they discovered the Capri development, everything clicked. “When we saw what Monaco Property Group was offering, we knew it was the right fit for us,” David recalls.

[smartcode_project:default project_id=139511 project_image_fid=298833]

The Richards secured a three-level, four-bedroom townhouse in the villa community of 48 residences, paying a fraction of what they would have paid for something similar in Sydney. “It’s incredible value for money,” David says. “You couldn’t get anything like this in a desirable Sydney suburb.”

Beyond the financial benefits, the location of Capri was a major draw. The development is nestled near golf clubs, cafes like Via Roma, and is far enough from the Gold Coast’s major tourist zones to offer a more tranquil lifestyle. “It’s the best of both worlds,” David adds. “We’re close to everything, but not caught up in the noise.”

[smartcode_project:default project_id=139511 project_image_fid=298829]

Antoinette, a seasoned interior designer, was particularly excited about the possibilities the new space presented. The couple has built and designed several homes together in Sydney, and Antoinette knew exactly what to look for when it came to both the layout and finishes of their new home.&nbsp;

“NPA Projects took us through the specifications, and Plus Architecture and BDA designed a floorplan that suited our needs perfectly,” David says. “The multi-generational layouts, private lift, and high-end appliances really sold us on the place.”

The central amenities at Capri were also key to their decision.&nbsp;

“The smaller downsizer buildings in Sydney didn’t offer the level of amenities we wanted. We wanted a real sense of community, where we could interact with neighbours and see familiar faces at the pool, rather than constantly encountering short-term renters and holidaymakers.”

[smartcode_project:default project_id=139511 project_image_fid=317104]

While the housing type, design, specifications, location and price boxes were all ticked, a purchase wouldn’t have happened without confidence in the team delivering Capri.

“I was impressed with the developer and his passion for the project,” David said.

“We were told he was a local Isle of Capri resident, and that helped in our understanding of what the project meant to him.”&nbsp;

[smartcode_project:default project_id=139511 project_image_fid=298831]

David said nowadays, you really have to do your research.&nbsp;

“Buildings from the 70s through to the 2000s were built to last, and there wasn’t much to worry about when it came to researching the developers behind them. But now, buyers have to be more diligent. You really need to understand who is behind a project before committing,” he says.

Adding to the confidence of the developer was the build partner, Greyburn, who has delivered a string of projects up and down the Gold Coast for over 20 years.

Greyburn is a solid builder in South East Queensland, and it’s easy to see they deliver what they promise. We feel confident in their ability to complete the project to the highest standard.”

Construction of Capri is set to complete in mid-2025. A handful of villas remain for sale.

David and Antoniette took part in Urban's Buyer Q&amp;A series which focuses on the driving factors behind&nbsp;<a href="https://expert-insights/buying/the-top-eight-considerations-when-buying-off-the-plan" target="">buying off the plan</a>&nbsp;property in Australia.

[smartcode_project_cta:default project_id=139511]

Construction of the villa development, Capri, is set to complete in mid-2025

From Mosman to Isle of Capri: Why Sydney buyers are heading to the Gold Coast

Southport is about to witness the arrival of some of its most expansive apartments ever, with the launch of Brighton on The Park, a prestigious new development by Sixty Sticks.

Positioned on the park-facing Brighton Boulevard, <a href="https://www.urban.com.au/new-apartments/brighton-on-the-park-southport-28-brighton-parade-southport">Brighton on the Park</a> offers unparalleled, never-to-be-built-out views over the adjacent parklands, Nerang River, and extensive views toward the Main Beach skyline and Surfers Paradise. The exclusive development will feature just 12 luxurious apartments, with sizes starting from a generous 247 sqm.

The three-bedroom, half-floor residences offer spacious living, with the largest apartments reaching 300 sqm.

Designed with a focus on lifestyle and leisure, Brighton on The Park boasts an array of high-end amenities, including a rooftop pool with sun-drenched day beds, a fully equipped gym, and multiple lounge areas.

[smartcode_project:default project_id=138113 project_image_fid=209672]

Sixty Sticks, led by Andrew Gilbert, has owned the 1,000 sqm-plus site since 2018, well before COVID-19 caused land prices on the Gold Coast to soar to record highs.

Preliminary works are booked in and ready to ensure the project launches by early 2025.

Demolition of the existing house on the property will begin shortly, with construction expected to start in Q1/Q2 2025. The build is anticipated to take around 14 months, as the project will not require excavation for basement parking, which typically adds significant time to the timeline.

With construction on track, buyers can expect to move in by mid-2026.

[smartcode_project:default project_id=138113 project_image_fid=209672]

Gilbert explains that the majority of buyer interest so far has come from local suburbs, particularly downsizers looking for spacious apartments that can accommodate visits from kids and grandkids.

"These buyers are drawn to the convenience of apartment living, with all the comforts of a home—like a rooftop pool and an entertainer’s balcony—without the upkeep," Gilbert says.

[smartcode_project:default project_id=138113 project_image_fid=209308]

Each apartment features a generous balcony with a full outdoor kitchen, offering views over James Overell Park and the Gold Coast skyline.

The heart of each residence is the kitchen, designed to offer the feel of a house with a large butler’s pantry and a floating island that doubles as both a dining and entertaining area.

Each apartment also includes two side-by-side parking spaces, complete with an EV charging station.

[smartcode_project_cta:default project_id=138113]

Sixty Sticks, led by Andrew Gilbert, has owned the 1,000 sqm-plus site since 2018, well before COVID-19 caused land prices on the Gold Coast to soar to record highs


Brighton on the Park to offer Southport's largest apartments

Three years after submitting a planning application, and two and a half years since it was approved, Iris Capital has revealed to buyers what it plans to create on its prime Garfield Terrace site.

The development, <a href="71 Garfield">71 Garfield</a>, will feature just 52 apartments, ranging from two-bedroom units with multi-purpose rooms to a $25.5 million penthouse. Designed by <a href="https://www.urban.com.au/architects/dbi">DBI</a>, the architecture firm behind Iris Capital’s debut Gold Coast project, V&amp;A Broadbeach, 71 Garfield is set to offer a new level of luxury in the area.

[smartcode_project:default project_id=110713 project_image_fid=317231]

The majority of the apartments, with spacious layouts and premium finishes, are oriented to take advantage of the beachside position. The building will offer direct access to the sand.

There are two, three and four-bedrooms, a three-level penthouse with its own private rooftop terrace on offer, as well as a rare, two-level beachfront house with four bedrooms, two living areas, and a private pool.

[smartcode_project:default project_id=110713 project_image_fid=317233]

Residents of 71 Garfield will benefit from several luxury facilities, also oriented to capture the views. The swimming pool and gym looking directly across the water, as does the yoga deck.

On the submission to the Gold Coast City Council, DBI said 71 Garfield is "designed exclusively for the coastal environment, moving away from smaller unit types and white upstands to embrace the increasing demand for large apartments and a new level of coastal sophistication."

"Iris Capital is set to deliver a new breed of building, combining subtropical principles, fashion inspired design and a sky living experience."

[smartcode_project:default project_id=110713 project_image_fid=317232]

71 Garfield is one of just a handful of projects active in the market on what is known as the Surfers Paradise Glitter Strip.

Garfield Terrace, on Northcliffe Beach, was mooted to go through a huge transformation several years ago, but several developments haven't gone ahead and have traded hands in recent years.

AALTO, by Weiya Holdings just next door to 71 Garfield, is now in the <a href="https://www.urban.com.au/news/qld/first-look-exclusive-winx-breeder-john-camilleri-continues-gold-coast-apartment-development-site-spree">hands of Winx breeder John Camilleri</a>, while prominent developer KTQ also sold its <a href="https://www.urban.com.au/news/qld/first-look-ktq-sell-garfield-terrace-site-for-56-million-as-demand-soars-for-gold-coast-beachfront-sites">Garfield Terrace site for $56 million</a>.

<a href="https://www.urban.com.au/developers/iris-capital">Iris Capital</a> is working away on <a href="https://www.urban.com.au/new-apartments/victoria-albert-broadbeach-20-albert-avenue-broadbeach">Victoria &amp; Albert</a>, its two-tower landmark which is replacing the Niecon Plaza in <a href="https://www.urban.com.au/developments/broadbeach-qld-4218">Broadbeach</a>.

Iris, led by billionaire Sam Arnaout, is now a fully integrated developer, having <a href="https://www.urban.com.au/news/qld/iris-capital-create-construction-arm-to-build-victoria-albert-broadbeach-apartments">brought construction inhouse last year</a> when they established <a href="https://www.urban.com.au/builders/iris-built">Iris Built</a>.

[smartcode_project_cta:default project_id=110713]

71 Garfield is one of just a handful of projects active in the market on what is known as the Surfers Paradise Glitter Strip.

Wallaby Quade Cooper spends $1.55 million on his contemporary Brisbane home

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