This is independent editorial content written by a PropertyMash Journalist. While we try to ensure all information is as accurate as possible, please double check with the developer or real estate agent directly before making a purchasing decision. The information contained within this article may be incorrect or out of date.
UPDATE Nov 2018: Prices now released — two-bedroom apartments starting from $735,000.
Mahala Mermaid Beach is a newly announced apartment development on the Gold Coast. The apartment tower will consist of 94 residences and an array of communal facilities that are focused on delivering convenience and the ultimate “beach house” lifestyle. There is a mix of two bedrooms, three bedroom and four-bedroom apartments available. Mahala translates to “neighbourhood”, and developers Pindan have certainly worked to cultivate that.
Mahala Mermaid Beach apartments received development approval in late July of 2018. Since then, they have received a slew of sales enquiries — a total of 300 enquiries over the first three weeks alone. While a number have already been sold, full market release of the apartments is still pending. The majority of enquiries so far have come from prospective buyers who already live on the Gold Coast, and the interest has been overwhelmingly owner-occupiers. With the luxury finishes and facilities of Mahala apartments, as well as the residential vibe of Mermaid Beach as a whole, this is not surprising and is expected to continue as more apartments are sold.
Construction dates are not currently set and will depend on the strength of the pre-sales, as is standard for the majority of off-the-plan apartments in Australia.
But remember that…
Mahala Mermaid Beach apartments are located on Peerless Avenue, just 100 metres back from the beach. The end of the street offers direct beach access, meaning you’ll have sand in your toes a mere minute after shutting your front door. Peerless Avenue sits adjacent to Hedges Avenue, known colloquially as “millionaires row”. The properties along this stretch of the Gold Coast are some of the nicest and most expensive single residences in Queensland. Mahala is within walking distance of many restaurants, cafes and local boutiques. Pacific Fair Shopping Centre, with over 400 retailers including high-end international labels, is only a 10-minute walk away from Mahala. Although, we do recommend driving… carrying arms full of new purchases may make the walk home more laborious than the walk there.
Toward the north-east of Mahala, you’ll find Pratten Park, which is one of the top parks in the area. Great for a picnic under a tree, or to bring the kids for a play on the playground. For those who do have children (or grandkids), Broadbeach State School is only a five-minute walk away from Mahala as well.
While the G:Link light rail currently ends at Broadbeach, the location of Malaha up the northern end of Mermaid Beach mean this station is a 5 minute walk away. Stage 3 of the G:Link will follow the Gold Coast Highway all the way down to Burleigh Heads through Mermaid Beach, which will mean a closer station may become available when Stage 3 is completed. Read our Broadbeach Suburb Profile for more information.
Resident facilities at Mahala will include a pool and private dining room as well as alfresco BBQ areas and lounge spaces. The pool makes a statement, raised off the ground level and complete with an infinity-style waterfall feature. The pool is rimmed by sun-lounges and additional alfresco-style seating.
A great added bonus that really sells the seaside lifestyle is Mahala’s “beach house” style features. The residents will be able to enjoy a beach washdown station, bicycle storage and surfboard racks, all provided on the lowest level of the building.
Pindan Director, Nick Allingame says the facilities will help people make the most of living a stone’s throw from the sand. “Mahala offers features you would expect in a private beachside home — a beautiful entry, and even a secure drop-off facility for residents who like to have their groceries, wine or other shopping items delivered,” he said.
The roof of the building will feature solar panels, which will contribute significantly to the buildings power usage and make the complex environmentally friendly.
The ceiling height for Mahala apartments will be approximately 2.6m throughout. The kitchen offers a breakfast bar which extends onto a larger-than-average living space. The living area flows directly out onto the private balcony via floor-to-ceiling glass doors.
The air conditioning is ducted throughout the apartments and the condensers are located on the roof (rather than on your balcony which is a big plus). The larger than average apartments give extra room and comfort with internal living areas extending out to large balconies, with apartments oriented to capture the most of the extensive views.
The vast majority of residences come with two car parks as standard, which is rare for new apartments on the Gold Coast. The basement car park will also feature storage cages for most of the apartments, making them a great choice for downsizers.
There is currently no floor plans available for Mahala Mermaid Beach. This review will be updated as they become available.
Each apartment features refined natural materials and soft tones with a warm, coastal style. Floors coverings vary and include both tile and timber options.
Mermaid Beach has a population of 70% singles and couples, compared to 30% families, so larger style apartments like those offered at Mahala will suit this demographic nicely. 59% of Mermaid Beach residents are renters, which means the rental demand is quite high compared to other areas on the Gold Coast. With a median rental price of $440 per week for a standard two-bedroom apartment, it’s expected the Mahala apartments will fetch much more than this, especially when considering the location and amenities on offer.
Mermaid Beach is currently much quieter in terms of new apartment developments than its neighbour, Broadbeach. While Broadbeach now rivals Surfers Paradise with numerous new highrises under construction, the council’s density restrictions on Mermaid Beach are keeping large developments at bay in the area. That said, there are a few new projects that will be joining Mahala as additions to the Mermaid Beach skyline. Otto, a project by Morris Property Group, will be completed in the first quarter of 2019 and consist of 70 apartments. Naia is of a comparable size to Mahala, with 97 apartments and is located right on the border between Mermaid Beach and Broadbeach.
Body corporate fees for Mahala Mermaid Beach have not yet been released, although it’s expected the energy efficient solar panels on the roof will help keep energy and strata costs down for residents.
Mahala Mermaid Beach apartments are being developed by Pindan. The Australian developers have over 40 years experience in the industry, with Mahala being their first foray into the Gold Coast luxury apartment market. Pindan manages the development process through from site acquisition to construction, marketing and sales. The architects that have been selected for Mahala are Cottee Parker Architects. The Australia-wide architecture firm has previously worked on many other luxury apartment developments across Queensland as well as other states.
The sales display will be located onsite at 15 Peerless Avenue, Mermaid Beach and is scheduled to open shortly.