Development profile / Gold Coast / Apartments

Elevaire Palm Beach

An apartment development in Palm Beach by Evoke Property Group, currently construction complete.

Location: Palm Beach, Gold Coast
Residence: 3 bedrooms
Status: Construction Complete

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 MCU201100076 PN21409/13/DA1 ATTACHED DWELLING X 2 AND LANDSCAPING - 37 Tallebudgera Drive, PALM BEACH QLD 4221. Additional detail on record — views: Ocean, hinterland; amenities: Hot and cold magnesium pools, Sauna, Sun deck, Outdoor shower, BBQ and entertaining facilities; expected completion: February 2026. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Evoke Property Group's track record: established 2021. Confirm current financial standing before committing.

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

Compare the $1,395,000 starting price against recent comparable sales in Palm Beach.

Confirm current body corporate/strata fees: $139/week.

Verified project data

Development details on record.

Address: 1409-1411 Gold Coast Highway, Palm Beach QLD 4221
Developer: Evoke Property Group
Builder: 5Point Projects
Construction stage: Construction Complete
Expected completion: February 2026
Council DA status: Approved (MCU/2022/1086)
Apartment types: 3BR: 154sqm
Floor plan sizes: 3BR: 154sqm
Parking / garage: Separate strata car space (2 car)
Starting price: From $1,395,000
Price per sqm: $9058/sqm
Number of residences: 35
Views: Ocean, hinterland
Key amenities: Hot and cold magnesium pools, Sauna, Sun deck, Outdoor shower, BBQ and entertaining facilities
Body corporate / strata fees: $139/week
Rental yield / appraisal: $2,150 - $2,250/week
Buyer incentives: None disclosed
Developer founded: 2021
Developer head office: Cairns, QLD

Visit the official project website ↗︎

Selling agent: Sean Weill, Amir Prestige Group, 0432 749 677

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 early 2026
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.

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.