Prime Highlights:
Mosaic Property Group expands Gold Coast footprint with three new projects valued at $570M.
Sophia by Mosaic at Palm Beach: a $135 million beachfront boutique development with 32 residences.
New $185 million ultra-luxury development planned for Burleigh Heads.
A $250 million, 37-level tower proposed for Broadbeach, featuring 59 high-end apartments.
Key Background:
Mosaic Property Group, a Brisbane-based developer, is significantly expanding its presence on the Gold Coast with the addition of three luxury projects valued at over $570 million. This expansion forms part of the company’s broader development pipeline, which currently exceeds $2 billion in residential and mixed-use projects.
The first project in the new wave of developments is Sophia by Mosaic, a $135 million boutique beachfront development at Palm Beach. This nine-level structure will feature 32 luxury residences. It marks Mosaic’s debut in the Palm Beach market, following previous successful projects at Bilinga and Kirra Beach on the southern Gold Coast. With prime beachfront positioning, Sophia is expected to attract high demand, with the company reporting a strong waitlist of potential buyers.
Mosaic is also advancing its plans for Burleigh Heads and Broadbeach. At Burleigh Heads, the company has secured its fifth site acquisition, building on the success of previous developments such as Augusta by Mosaic and Florence by Mosaic. The new $185 million project will cater to the enduring demand for luxury residences in this highly sought-after coastal suburb.
At Broadbeach, Mosaic has lodged a development application for a $250 million project, which will feature a 37-level tower on Mary Avenue. The development will offer 59 half-floor and full-floor apartments, further adding to the company’s luxury portfolio on the Gold Coast.
Brook Monahan, co-founder and managing director of Mosaic Property Group, emphasized the company’s confidence in the Gold Coast market, citing its resilience and strong demand from both local and interstate buyers, particularly downsizers seeking high-end residences. He highlighted the company’s robust construction arm, which allows them to effectively manage costs and seize key opportunities in a market marked by limited supply and rising construction costs. Mosaic Property Group has a solid track record, having delivered over $2 billion in residential developments across South-East Queensland over the past decade. Currently, the company’s Gold Coast portfolio is valued at $1.4 billion, with nine completed projects and four under construction. The company’s focus on thoughtful design and quality construction has
helped maintain strong demand, with many of its projects quickly selling out. Monahan is optimistic that the Palm Beach development, Sophia, will continue this trend.
