Development profile / Gold Coast / Apartments

133-137 Musgrave Street, Coolangatta

An apartment development in Coolangatta, currently construction complete.

Location: Coolangatta, Gold Coast
Residence: 2 bedrooms
Status: Construction Complete

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Before you decide

What is worth verifying before you buy.

This profile is built from public sources: council development-application records, the developer's own disclosures and, where available, the project's official website. Council records describe the approved use as: MATERIAL CHANGE OF USE IMPACT MCU201600184 PN4799/01/DA1 APARTMENT BUILDING - 133 Musgrave Street, COOLANGATTA QLD 4225. Additional detail on record — amenities: Swimming Pool; expected completion: 2022. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

The developer is not publicly disclosed for this site — confirm the project team directly before proceeding.

Review council DA MCU/2016/184 (Approved) and any conditions of consent.

Request current pricing and compare it against recent comparable sales in the area.

Verified project data

Development details on record.

Address: 133-137 Musgrave Street, Coolangatta QLD 4225
Developer: Not publicly disclosed
Builder: Not publicly disclosed
Construction stage: Construction Complete
Expected completion: 2022
Council DA status: Approved (MCU/2016/184)
Apartment types: 2BR: 117sqm
Floor plan sizes: 2BR: 117sqm
Parking / garage: Separate strata car space (1 car)
Starting price: Price on application
Number of residences: 46
Key amenities: Swimming Pool
Buyer incentives: None disclosed
Developer founded: Not found — Developer name indicates no public listing
Developer head office: Not found — Developer name indicates no public listing
Developer market segment: Not found — Developer name indicates no public listing

's notable past projects: Not found — Developer name indicates no public listing

Developer reputation (public sources): None found — Developer name indicates no public listing Source ↗︎

Visit the official project website ↗︎

2027 tax changes

What the 2027 rules mean here.

Needs confirming

Depends on when the certificate of occupancy was issued

This building is finished, so whether it still counts as new turns on the date of the certificate of occupancy and when you acquire — not on the fact that it is newly built. Treasury's exposure draft proposes a property acquired within 24 months of a certificate of occupancy being issued, but the test is set by a ministerial instrument that has not been made. Confirm eligibility in writing before you rely on it.

Completion: Estimated completion 2022
Construction stage: Construction Complete
Completes after 1 July 2027: No

Why it matters: a qualifying new residential dwelling keeps the 50% CGT discount, sits outside the 30% minimum tax, and stays negatively gearable. An established dwelling bought after 12 May 2026 does none of those things. That gap is worth real money, and it is a question to settle in writing before you sign — not one a listing can answer.

Run the negative gearing numbers Run the CGT numbers

General information only, not tax advice. The calculators estimate basic income tax and exclude the Medicare levy, offsets and state taxes.

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Builder and project checks

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Price and value assessment

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Contract, negotiation and next steps

Understand key terms and questions around sunset clauses, then approach price, inclusions and timing with a plan before you move forward.