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Development profile / Gold Coast / Apartments
Enclave by GRAYA
An apartment development in Broadbeach by GRAYA, currently under construction.
- Location
- Broadbeach, Gold Coast
- Residence
- Bedroom configuration on application
- 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 Code Assessment Multiple Dwelling x34 - 118 Old Burleigh Road, BROADBEACH QLD 4218. Additional detail on record — expected completion: Estimated Completion Date: July 2027, 24 levels, 1,013 SQM THREE LEVEL PENTHOUSE. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.
01
GRAYA's track record: 26 projects; past projects include CLAY, CORAL, SILK, THE GALLERY, ENCLAVE. Confirm current financial standing before committing.
02
Review council DA MCU/2022/335 (Refused) and any conditions of consent.
03
Compare the $6,300,000 starting price against recent comparable sales in Broadbeach.
Verified project data
Development details on record.
- Address
- 118 Old Burleigh Road, Broadbeach QLD 4218
- Developer
- GRAYA
- Builder
- GRAYA
- Construction stage
- Under Construction
- Expected completion
- Estimated Completion Date: July 2027, 24 levels, 1,013 SQM THREE LEVEL PENTHOUSE
- Council DA status
- Refused (MCU/2022/335)
- Starting price
- From $6,300,000
- Number of residences
- 24
- Buyer incentives
- None disclosed
- Developer founded
- 2014
- Developer head office
- Teneriffe, QLD
- Developer market segment
- Ultra-luxury
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 mid 2027
- 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.
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.
Tell us what you're looking for ↗︎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.