Development profile / Gold Coast / Apartments

Freedom Rainbow Bay

An apartment development in Coolangatta by Sherpa Property Group, currently construction complete.

Location: Coolangatta, Gold Coast
Residence: Bedroom configuration on application
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: OPERATIONAL WORKS ASSOCIATED BUILDING WORKS PERMISSIBLE CHANGE OPW201501996 PN3763/03/DA8 - 192 Marine Parade, COOLANGATTA QLD 4225. Additional detail on record — views: Ocean, parkland; expected completion: Construction Complete. 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 PMC/2015/1996 (Approved) and any conditions of consent.

Compare the $1,465,000 starting price against recent comparable sales in Coolangatta.

Verified project data

Development details on record.

Address: 199-203 Boundary Street, Coolangatta QLD 4225
Developer: Sherpa Property Group
Builder: Not publicly disclosed
Construction stage: Construction Complete
Expected completion: Construction Complete
Council DA status: Approved (PMC/2015/1996)
Starting price: From $1,465,000
Number of residences: 16
Views: Ocean, parkland
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 ↗︎

Selling agent: Justin Schmith, Selling Principal & Director, 0422051505

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: Construction complete
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.