Development profile / Gold Coast / Apartments

Amargo

An apartment development in Palm Beach by Sherpa Property Group, currently under construction.

Location: Palm Beach, Gold Coast
Residence: 2–3 bedrooms
Status: Under 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 IMPACT MCU201800196 PN30587/13/DA5 RESIDENTIAL CARE FACILTIY/CGL - 1293-1299 Gold Coast Highway, PALM BEACH QLD 4221. Additional detail on record — views: Ocean, hinterland, urban; amenities: 15-metre heated rooftop pool, pool deck cabanas and day beds, saunas, steam room, magnesium spa, cold plunge pool, fully equipped gym, yoga space, rooftop electric BBQs and outdoor dining, secluded private outdoor BBQs with pizza ovens, private dining room, concierge, work-from-home facilities, men's shed (basement workshop and wellbeing space), ground floor café/bar, car wash and dog wash, EV fast chargers, video intercom and app-based security, on-site building manager, shared electric vehicles; expected completion: Early 2027. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Sherpa Property Group's track record: 11 projects; past projects include Perspective Nexus, Perspective Helm, Perspective on Albatross, Freedom Rainbow, Perspective Broadwater. Confirm current financial standing before committing.

Review council DA MCU/2022/1086 (Approved) and any conditions of consent.

Compare the $1,420,000 starting price against recent comparable sales in Palm Beach.

Verified project data

Development details on record.

Address: 6-12 Sixth Avenue, Palm Beach QLD 4221
Developer: Sherpa Property Group
Builder: LPS Group
Construction stage: Under Construction
Expected completion: Early 2027
Council DA status: Approved (MCU/2022/1086)
Apartment types: 2BR: 96-111sqm, 3BR: 120-132sqm
Floor plan sizes: 2BR: 96-111sqm, 3BR: 120-132sqm
Starting price: From $1,420,000
Price per sqm: $14,791.67/sqm
Number of residences: 125
Views: Ocean, hinterland, urban
Key amenities: 15-metre heated rooftop pool, pool deck cabanas and day beds, saunas, steam room, magnesium spa, cold plunge pool, fully equipped gym, yoga space, rooftop electric BBQs and outdoor dining, secluded private outdoor BBQs with pizza ovens, private dining room, concierge, work-from-home facilities, men's shed (basement workshop and wellbeing space), ground floor café/bar, car wash and dog wash, EV fast chargers, video intercom and app-based security, on-site building manager, shared electric vehicles
Pet friendly: Yes
Buyer incentives: None disclosed
Developer founded: 2018
Developer head office: Miami, QLD
Developer market segment: Premium

Sherpa Property Group's notable past projects: Flourish Oasis (Palm Beach); Perspective Nexus; Perspective Helm (Chevron Island); Symphony tower (Brisbane)

See the full Sherpa Property Group developer profile ↗︎

Visit the official project website ↗︎

2027 tax changes

What the 2027 rules mean here.

Likely new dwelling

Likely to qualify as a new residential dwelling

This is being sold before completion, so a first buyer is the kind of purchase the carve-out is aimed at — it keeps the 50% CGT discount and stays negatively gearable. 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 early 2027
Construction stage: Under Construction
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.

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.

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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.