1 week Ago By News Corp Australia
Render of Elements tower at Budds Beach.The first development at Budds Beach in more than a decade has started construction, with builder and developer McNab bringing the 28-level Elements tower to life. The milestone coincides with new research from the National Property Research Co that shows the Gold Coast will need another 144,000 new dwellings over the next two decades to meet the forecast population growth, set to tip one million residents by 2045.
Render of Elements tower at Budds Beach.McNab executive chairman Michael McNab said the 28-storey Elements would deliver 87 two, three and four-bedroom apartments in the exclusive Budds Beach enclave. “Budds Beach is incredibly tightly held, with very few properties exchanging hands in the past five years,” he said.
“Once you see it for yourself, you can understand why. It’s an enclave you would only discover if you lived locally – a pristine riverfront beach, tree-lined streets and village-style cafes, just seven-minutes’ walk from the oceanside of Surfers Paradise. “We’ve always looked to position our projects in areas loaded with lifestyle and on the cusp of growth.
“Budds Beach delivers on this, and our vision for Elements will soon create a sculptural landmark and new housing supply in an area where there is strong appetite for premium, home-sized apartments.” Render of Elements tower at Budds Beach.MORE NEWS: Builder’s marvel named Aus hottest houseBikini goddess’ ‘missing sister’ for sale in $15m mystery twistHow downsizing Baby Boomers could unlock 33,000 Aussie homesAs testament to the project’s design and location, both Mr McNab and the company’s chief executive officer Kunjan Ganatra have both bought apartments in Elements.
Designed by Cottee Parker, the $170m tower, at 21 Oak Ave, Surfers Paradise, is scheduled for completion in 2027.Render of Elements tower at Budds Beach.Director of National Property Research Co Matthew Gross said more projects of this scale needed to break ground on the Gold Coast to meet the pace of growth.
“In the next 20 years, the Gold Coast’s population is forecast to surpass one million residents, which means another 144,000 new dwellings will need to be delivered to meet that demand,” Mr Gross said Render of Elements tower at Budds Beach.Elements has been progressively released to the market in stages since its formal launch, with more than 65 per cent of apartments in the Azure Collection now sold. MOTIV managing director Carly Cottam said a limited number of two and three-bedroom apartments were available in the Azure Collection at Elements, priced from $1.
31m for a two-bedroom apartment and from $1.75m for a three-bedroom apartment. Render of Elements tower at Budds Beach.
Crowning the top of Elements is a full-floor retreat dedicated to wellness and entertaining, with 360-degree views and extensive resident amenities, including a horizon-edge pool, poolside lounge, barbecue and teppanyaki bar, yoga deck, gym, and sauna and hot plunge pool. The construction milestone at Elements follows White Main Beach, which was completed by McNab in 2024.The post First Budds Beach tower in more than a decade appeared first on realestate.
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