Development profile / Gold Coast / Apartments

Alora, Rainbow Bay

An apartment development in Coolangatta by 5Point Projects, currently pre-construction.

Location: Coolangatta, Gold Coast
Residence: 2–3 bedrooms
Status: Pre-construction

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 CODE MCU201701516 PN4612/01/DA1 4 X MULTIPLE DWELLINGS - 134 Musgrave Street, COOLANGATTA QLD 4225. Additional detail on record — views: Ocean; expected completion: Estimated Completion Date Late 2030, 16 Floors. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

5Point Projects's track record: 37+ projects (5pointprojects.com.au); past projects include Ophira, Amani, Newstead Park Residences, Obsidian, Adagio. Confirm current financial standing before committing.

Review council DA MCU/2017/1516 (Approved) and any conditions of consent.

Compare the $1,700,000 starting price against recent comparable sales in Coolangatta.

Verified project data

Development details on record.

Address: 12 Ward Street, Coolangatta QLD 4225
Developer: 5Point Projects
Builder: 5Point Projects
Construction stage: Pre-construction
Expected completion: Estimated Completion Date Late 2030, 16 Floors
Council DA status: Approved (MCU/2017/1516)
Apartment types: 2BR, 3BR: N/A (sqm not specified)
Floor plan sizes: 2BR, 3BR: N/A (sqm not specified)
Starting price: From $1,700,000
Number of residences: 38
Views: Ocean
Buyer incentives: None disclosed
Developer founded: 2016
Developer head office: Gold Coast, QLD
Developer market segment: Premium

5Point Projects's notable past projects: Ophira (Palm Beach, Gold Coast); Amani (Main Beach, Gold Coast); Newstead Park Residences (Newstead Park, Brisbane); Obsidian (Teneriffe, Brisbane); Adagio (West End, Brisbane); Omnia (Palm Beach, Gold Coast); Elevaire (Palm Beach, Gold Coast); One Bulimba (Bulimba, Brisbane)

Developer reputation (public sources): Luxury builder 5Point Projects charged over trust moneys (https://www.facebook.com/tobysmum.rowles/posts/5-point-projects-charged-and-im-still-celebrating-a-major-luxury-apartment-build/2630348517363442/); Luxury SEQ apartment builder 5Point Projects Pty Ltd facing 100 charges (https://www.goldcoastbulletin.com.au/business/gold-coast/luxury-seq-apartment-builder-5point-projects-pty-ltd-facing-100-charges/news-story/5060f4723727933966c94941a3039cab) Source ↗︎

See the full 5Point Projects developer profile ↗︎

Visit the official project website ↗︎

Selling agent: Dylan Molloy, 0430 716 738

How we help you buy well

When a development looks right, the detail matters.

A development page can help you identify a project worth investigating. If you want independent support on a specific purchase, Breige can discuss a separate buyer-side engagement to help assess the builder and project, compare the proposed price, negotiate terms and navigate the steps through to settlement.

Tell us what you're looking for ↗︎

Builder and project checks

Understand the development team, delivery track record, project documents and the practical questions worth asking before you commit.

Price and value assessment

Compare the proposed purchase with relevant supply, competing projects and the individual qualities that affect long-term appeal. Outcomes can vary and are never guaranteed.

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.