Development profile / Gold Coast / Apartments

Corallo Palm Beach

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

Location: Palm Beach, Gold Coast
Residence: 1–3 bedrooms + penthouse
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; amenities: Pool, Cold Plunge, Wet Deck, Steam Room, Sauna, Gym, Yoga/Stretch Deck, Day Bed, Fire Pit, BBQ Area, Dining Area, Outdoor Shower; expected completion: 2028. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Changfa Group's track record: 3+ projects; past projects include Ara Leichhardt, Lyra Hope Island, The Andersons Chatswood, Luxton Carlingford, Corallo Palm Beach. Confirm current financial standing before committing.

Review council DA MCU/2018/196 (Approved) and any conditions of consent.

Compare the $845,000 starting price against recent comparable sales in Palm Beach.

Verified project data

Development details on record.

Address: 5 Palm Beach Avenue, Palm Beach QLD 4221
Developer: Changfa Group
Builder: Not publicly disclosed
Construction stage: Under Construction
Expected completion: 2028
Council DA status: Approved (MCU/2018/196)
Apartment types: 1BR, 2BR, 3BR, Penthouse
Floor plan sizes: 1BR: 66-80sqm, 2BR: 96-107sqm
Starting price: From $845,000
Price per sqm: $12,790/sqm
Number of residences: 105
Views: Ocean
Key amenities: Pool, Cold Plunge, Wet Deck, Steam Room, Sauna, Gym, Yoga/Stretch Deck, Day Bed, Fire Pit, BBQ Area, Dining Area, Outdoor Shower
Buyer incentives: None disclosed
Developer founded: 2016
Developer head office: Sydney, NSW
Developer market segment: Premium

Changfa Group's notable past projects: Ara (Leichhardt); Luxton (Carlingford)

Visit the official project website ↗︎

Selling agent: Colliers Residential Gold Coast

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 2028
Construction stage: Under Construction
Completes after 1 July 2027: Yes

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.