Raptis

Since the onset of COVID-19, there's simply not been enough apartment stock on the Gold Coast.

The Coast was well placed in the lead up to 2019, but an influx of demand, both locally and interstate when COVID-19 grabbed hold of the local market in mid-2019, demand has heavily outstripped supply.

The lack of stock has seen a new trend emerge. Established stock has been commanding similar prices to off the plan stock. It's a trend that&nbsp;Evan Raptis, the joint managing director of longtime Gold Coast developer Raptis, believes won't change for the next three to five years.

"We’ve never seen the gap close like this on the Gold Coast before," Raptis says.

"The trend has come about because there's not enough finished stock coming to market between Coolangatta and Hope Island.

"Southerners who have relocated to the Gold Coast post-COVID have had to look to resales to get into the market, and that’s pushed up the price of established stock."

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Two-bed apartments under 100 sqm have been selling in some of Broadbeach's better towers for $1.2 million, which Raptis says is&nbsp;comparable to what developers are taking deposits on for planned and under construction projects.

Broadbeach is where Raptis will be turning their focus to next, while they complete Pearl at Main Beach.

In early 2023 they'll be launching The Sterling at 6-8 George Avenue. Raptis has just gone back to the drawing board however to amend the application, with the aim of wanting to meet market demand earlier than they previously forecasted. The tower has been&nbsp;designed by the prominent architect Koichi Takada, who only has a handful of Gold Coast developments to his name.

Raptis says Broadbeach has&nbsp;evolved heavily since 2007, when he followed in the footsteps of his father Jim, co-founding developer Emandar Group alongside Aniko Group's George Mastrocostas.

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"Broadbeach has seen a lot of regeneration with Star Entertainment Group’s opening of The Dorsett hotel and the light rail now allowing people to travel to Surfers Paradise and Southport via the light rail network, as well as south. The new Langham Hotel has opened up as well which will bring more global travellers to the suburb."

Raptis are currently developing Pearl in Main Beach, and have sold 80 per cent of the two and three-bedroom apartments.

Apartments have been snapped up largely by owner-occupiers, both locals who are looking to downsize from their family home, and interstate couples who are pre-retirement age.

Two sub-penthouses have sold, and Raptis will be releasing more to the booming penthouse market soon.

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Raptis has now reached level 17 of construction of the 29-level building at 3550-3552 Main Beach Parade.

Raptis says Main Beach will feel like Australia's own version of Monaco, with the future $480 million redevelopment of Mariners Cove which will include a new superyacht marina and a Ritz-Carlton hotel.

Despite the country working its way back to normal in the post pandemic world, Raptis says there's still strong&nbsp;interest in the Gold Coast lifestyle and the desire for new premium apartments with premium amenities in desirable locations.

Raptis has considerable faith in the Gold Coast market, suggesting the city is&nbsp;in a better position to manage national price moderations than it has been in previous cycles.

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"The city’s economy has matured significantly with investment in health and knowledge, film and creative industries, sports and digital industries," Raptis notes.

"The Work from Home movement has enabled professionals to hold national roles and still live on the Gold Coast. You can even have a role in a global team with the international terminal at Coolangatta Airport opening recently."

Raptis says the 2032 Olympics and Paralympics will further promote the Gold Coast lifestyle, with considerable planned infrastructure to transform the wider South East Queensland location.

"The coastal strip will be beamed around-the-world and we’ll see a new wave of global hotel brands wanting to establish themselves here."

Broadbeach is where Raptis will be turning their focus to next, while they complete Pearl at Main Beach.

Joel Robinson

Why the Gold Coast apartment market is better placed than ever before: Five minutes with Evan Raptis

Following the recent completion of the sell-out Gallery Residences, Gold Coast developer Raptis is moving on to its next Broadbeach project.

They&#39;ll be seeking to develop a 41-level tower on over 1,820 sqm at 42-46 Chelsea Avenue, an amalgamation of sites secured last year for $6.5 million through GV Property Group.

Archidiom&nbsp;has designed the tower, which will home 180&nbsp;apartments, a mix of 144 three-bedders and just 36 two-bedroom configurations. There will be a maximum of just five apartments per floor.

The recreation level will be on level four, where there&nbsp;will be a&nbsp;swimming pool, residents&#39; lounge, community living area including barbecue and outdoor dining area, gardens, a gym, sauna, and a&nbsp;yoga / meeting room.

Jim Raptis, Joint Managing Director of Raptis, said the team is&nbsp;excited to lodge their latest apartment project with Gold Coast City Council.

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&quot;We&#39;ve created a lifestyle destination that seamlessly connects with the sophistication of the surrounding Broadbeach neighbourhood&quot;.

Evan Raptis, Joint Managing Director of Raptis, said&nbsp;Raptis has a longstanding record of capturing the essence of Broadbeach across a portfolio of towers.

&quot;Our vision for Chelsea Avenue will again celebrate what it&#39;s like to live in one of Australia&#39;s best communities.&quot;

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It will be a busy 2022 in Broadbeach for Raptis. They&#39;re soon to launch The Sterling Broadbeach, their 40-level,&nbsp;Koichi Takada-designed project at 6-8 George Avenue.

The Sterling Broadbeach will have&nbsp;134 apartments, made up of 64&nbsp;two-bedroom apartments&nbsp;and 64 three bedders. There will be four sub penthouses and two penthouse apartments.

The resident amenities on level three will feature a 20 metre pool met with outdoor lounges, a gym and sauna,&nbsp;resident&#39;s lounge, kids club, and a communal dining area.

There&#39;s also another site in Broadbeach, 5-9 Anne Avenue,&nbsp;which will see 35-levels, around 150 or so apartments, added to Raptis&#39; workbook.

Jim Raptis, Joint Managing Director of Raptis, said the team is excited to lodge their latest apartment project with Gold Coast City Council.



First look: Raptis lodge Chelsea Avenue, Broadbeach apartment plans

It was announced in July that Brisbane would host the 2032 Olympics, which is expected to give even further momentum to the property market in South East Queensland.

Urban has wrapped up all of the property moves over July, from development applications to sales launches.

<h2>Raptis launch Pearl, Main Beach sales</h2>

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The veteran Gold Coast developer Raptis has launched sales at its latest Main Beach apartment development, the $160 million Pearl, Main Beach.

The 30-level tower at 3550-3552&nbsp;Main Beach Parade&nbsp;will have 80 apartments, including&nbsp;a luxury two-level penthouse.

Pearl, Main Beach, is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis who started the company in Sydney&nbsp;back in the mid 1960s.

To read more about Pearl, Main Beach, <a href="https://www.urban.com.au/news/qld/raptis-launch-pearl-main-beach-apartment-tower-amid-booming-gold-coast-market">click here</a>.

<h2>Joe Adsett&#39;s Rockpool Rainbow Bay apartments get green light after &quot;unbelievable&quot; buyer interest</h2>

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The luxury Rainbow Bay, Coolangatta apartment development Rockpool, developed and designed by the architect-turned-developer&nbsp;Joe Adsett, has got the go-ahead from the&nbsp;Gold Coast City Council.

The council signed off on the 20 apartment project at 154-156 Marine Parade, a sought-after strip fronting&nbsp;Kirra Beach.

Todd Matheson from KMSM said the response has been unbelievable.

To read more about Rockpool, Rainbow Bay, <a href="https://www.urban.com.au/news/qld/joe-adsetts-rockpool-rainbow-bay-apartments-get-green-light-after-unbelievable-buyer-interest">click here</a>.

<h2>Landmark $800 million Surfers Paradise apartment towers to be one of the Gold Coast&#39;s biggest resort-style developments</h2>

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The Gold Coast is set to see one of its biggest ever residential resort-style developments.

The Shanghai-headquartered international property developer SPG Land, in a joint-venture with Australian developer Gordon Corp, has lodged plans for nearly 800 apartments to be built across three towers in the heart of Surfers Paradise.

They will be anchored by a new ground-level retail and dining plaza at the street level&nbsp;Ferny Avenue. The 1.15 hectare site will be bounded by&nbsp;Ferny Ave, one of Surfers main streets, as well as&nbsp;Surfers Paradise Boulevard, Pandanus Avenue and Ocean Avenue near the Surfers Paradise North light rail station.

To read more about the trio of towers, <a href="https://www.urban.com.au/news/qld/landmark-800-million-surfers-paradise-apartment-towers-to-be-one-of-the-gold-coasts-biggest-resort-style-developments">click here</a>.

<h2>One Cannes, Surfers Paradise apartments near sell-out, launch penthouses</h2>

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The Gold Coast developer Marquee Development Partners has nearly sold out their $85 million One Cannes apartment development between Broadbeach and Surfers Paradise.

The sales update comes just over a month&nbsp;after the development at 1 Cannes Avenue received approval from the Gold Coast City Council.

One Cannes had wrapped up 65 per cent of sales in just 10 days after its launch in May.&nbsp;

To read more about One Cannes, <a href="https://www.urban.com.au/news/qld/one-cannes-surfers-paradise-apartments-near-sell-out-launch-penthouses">click here</a>.

<h2>Spyre Group lodge exclusive Burleigh Heads apartment development</h2>

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The South East Queensland developer&nbsp;Spyre Group&nbsp;has lodged plans for their most boutique project yet on the Gold Coast.

Having spent around $11 million on 10 Goodwin Terrace, Burleigh Heads, earlier this year, the Andrew Malouf-led developer has filed for an exclusive collection of just three apartments on the near beachfront site.

Designed by bureau^proberts with landscaping from Cusp, 10 Goodwin is crowned by a two level penthouse with its own private rooftop pool.

<h2>Aniko Group continue Hope Island transformation with further apartment site acquisition</h2>

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The surging transformation of Hope Island on the Gold Coast is set to continue.

The&nbsp;Aniko&nbsp;Group, who are behind a number of residential developments at the gateway to Hope Island, has&nbsp;acquired another waterfront site on Sickle Avenue, with plans for more waterfront apartments.

The 9,280 sqm site at 10-12 Sickle Avenue, with an 80-metre frontage to the Hope Island Canal, is&nbsp;Aniko&#39;s fifth on the Gold Coast island.

It was announced in July that Brisbane would host the 2032 Olympics, which is expected to give even further momentum to the property market in South East Queensland



Gold Coast apartment insights: What happened on the Gold Coast in July

The veteran Gold Coast developer Raptis has launched sales at its latest Main Beach apartment development, the $160 million Pearl, Main Beach.

The 30-level tower at 3550-3552 Main Beach Parade will have 80 apartments, including&nbsp;a luxury two-level penthouse.

Pearl, Main Beach, is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis who started the company in Sydney&nbsp;back in the mid 1960s.

Raptis&nbsp;said they&#39;ve been waiting for the right site to enter Main Beach.

&quot;With the reinvigoration of Main Beach and the growing owner-user market, we&rsquo;ve been looking for the right location for our involvement in the suburb,&quot;, Raptis said.

&quot;We&#39;ve found it with Pearl, which we&rsquo;re very excited to bring to Main Beach.&rdquo;

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Raptis believed the current property cycle offered unique opportunities for buyers to secure a sought-after Main Beach lifestyle.

&ldquo;Empty-nesters, wherever they are located, are achieving more for their homes at the point of sale, providing them with the liquidity to secure a Main Beach lifestyle. It&rsquo;s a great moment for the Gold Coast and we&rsquo;re excited Pearl, Main Beach will offer a lifestyle many residents thought was out of reach.&rdquo;

The two-bedroom, two-bathroom Pearl apartments that span 85 sqm start from $749,000. The three-bedroom, 140 sqm&nbsp;apartments are priced from $1,345,000.

Residents will have access to the rooftop swimming pool and recreational facilities with skyline views. On the same level is a dining area with wine cellar, available for private bookings.

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A super penthouse crowns the top two levels. It will have over 700 sqm of living space with four bedrooms, its own private pool, multiple living areas and an opulent library. The whole floor apartment will have 360-degree views from the beach to the hinterland.

The price is yet to be finalised, however it is expected to&nbsp;to rival the Soul penthouse which recently sold for over $14,000 per sqm, suggesting a sale of the Pearl penthouse at around the $10 million mark.

There will be&nbsp;two further skyhomes with 550 sqm of living space and&nbsp;12 sub-penthouses, priced from $1.975 million.

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Construction is underway and is expected to be completed in August 2022.

To the end of 2020, Queensland recorded the highest rate of net interstate migration of any state, according to the ABS. Over 30,000 additional residents were drawn to Queensland due to the state&#39;s response to COVID-19

Raptis joint managing director Evan Raptis said the Gold Coast had recorded strong price growth against the backdrop of the pandemic.

&ldquo;Compared to the East Coast capitals, the Gold Coast still offers discernible value to buyers &ndash; especially for those that seek to elevate their lifestyle,&rdquo; Raptis said, adding that Pearl, Main Beach would appeal to a broad base of buyers.

About Raptis

Raptis is a Queensland-based development company jointly led by Jim and Evan Raptis. Raptis has been an innovator of style and functionality across integrated residential, resort, retail and commercial development.

Over more than 40 years, it has created more mixed-use developments than any other Gold Coast development company, including the landmarks Tower of Chevron Renaissance, Southport Central and the Phoenician.

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Pearl, Main Beach is the first foray in to the Main Beach market by Raptis, headed by founder Jim Raptis



Raptis launch Pearl, Main Beach apartment tower amid booming Gold Coast market

The Gold Coast developer Raptis has officially lodged plans for its newest Gold Coast tower.

They've secured a prime development site in Broadbeach at 6-8 George Avenue, next to the Pacific Fair Shopping Centre in the heart of the coastal hotspot.

The busy Sydney-based architecture firm Koichi Takada Architects, who have taken on a number of projects on the Gold Coast in recent months,&nbsp;have designed the 40 storey building.

Takada referenced their Sydney project Infinity Square, delivered by Mirvac at Green Square, in the design statement. It&nbsp;had similar lush greenery toward the top end of the tower.

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The tower will comprise 134 apartments, made up of 64&nbsp;two beds and 64 three beds. There will be four sub penthouses and two penthouse apartments.

The resident amenities on level three will feature a 20 metre pool met with outdoor lounges, a gym and sauna,&nbsp;resident's lounge, kids club, and a communal dining area.

Koichi Takada Architects has been designing more and more apartment developments across&nbsp;coastal Queensland. There was huge success at the luxury FORME development The Norfolk at Burleigh Heads.

FORME&nbsp;managing director David Calvisi&nbsp;said the building has quickly become an icon, with the architecture flooding social media. Even the popular beach photographer&nbsp;Aquabumps have prints available of the iconic facade.

They've signed Takada on again to create <a href="https://www.urban.com.au/news/qld/tower-reveal-burleigh-heads-set-for-new-koichi-takada-apartment-tower-by-forme">their newest project at 96 The Esplanade</a>, also in Burleigh Heads. The The new development will home 23 half-floor apartments of around 220 sqm, as well as three full-floor residences with around 440 sqm of space.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/tower-reveal-burleigh-heads-set-for-new-koichi-takada-apartment-tower-by-forme">Tower reveal: Burleigh Heads set for new Koichi Takada apartment tower by FORME</a>

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6-8 George Avenue Design Statement

The proposed development at 6-8 George Avenue, Broadbeach aims to create a landmark architectural feature, highlighting the characteristics of its natural context and enhancing the Broadbeach skyline. Located less than five minutes walk from the nearby Kurrawa Beach and Parklands, this building is ideally located to take advantage of the Gold Coast lifestyle.

The site enjoys easy access to shops, restaurants, transport hubs and night life both in Broadbeach and nearby Nobby Beach and Surfers Paradise. The site is also well connected to schools and public facilities. In seeking to address this context, the proposal has taken cues from the nearby beach parklands. The green walkways, rolling banks and leafy dunes of Kurrawa Parklands are mirrored in the development. The tower is treated to the east and west with dense, leafy terraces and planters, creating a visual extension to the parklands below.

The repetition and regularity of these green terraces echo the tree lined, beach front pathway that connects Broadbeach to its neighbouring suburbs. A sculpted, green finial caps the tower, tapering away from the parkland below and lends the building the form of the Norfolk Pine. This appeal to the local context is further addressed in the materiality of the tower. At street level, the podium is characterised by lush planting, offset with a soft palette of natural finishes and materials. Natural stone cladding and paving at the ground level hint at the neighbouring beach.

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These tones are offset with soft white render and white batten screening to the podium, while the cascading planting above provides movement and colour to the façade. Recessive elements are treated with dark finishes to further emphasise the natural palette. This materiality and form has been continued into the private spaces of the building. The apartments have been designed to maximise access to natural light and ventilation. To the east and west, operable glazing can be opened to the perimeter planters allowing for seamless views over a green verge to the surrounds.

This proposal also seeks to be sympathetic to its local built form. The site is neighboured primarily by residential buildings of varying scale and character. To the north, the Broadbeach centre features several prominent residential towers, most notably the 40 and 50 storey Oracle towers. Immediately north-east of the site, opposite the parkland is the iconic Carmel by the Sea and the recently constructed Elysian Broadbeach.

To the south-east is Ultra Broadbeach, a 32 storey hotel. Generous tower setbacks maintain the form and amenity of the area, while the tower significantly enhances the public realm. 6-8 George Avenue has been designed to enhance and protect the natural and built character of Broadbeach. It is hoped this development will be a landmark enjoyed by all Gold Coast residents and become a catalyst for quality development to come.

The tower will comprise 134 apartments, made up of 64 two beds and 64 three beds. There will be four sub penthouses and two penthouse apartments



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