Development profile / Gold Coast / Apartments

Greenmount Residences

An apartment development in Coolangatta by ABEDIAN & CO, currently under construction.

Location: Coolangatta, 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. Additional detail on record — views: Ocean, hinterland; amenities: Sauna, hot and cold magnesium pools, hammam spa, 25-metre lap pool and spas, children’s wading pool, yoga and reformer pilates studio, gymnasium and children’s play area, Executive Lounge, private office spaces, boardroom, Resident’s Lounge; expected completion: Estimated Completion Date: Late 2028. Rising gracefully above the sculpted subtropical landscape, Greenmount Residences is set to redefine luxury living on the southern Gold Coast. The development features organic, flowing forms that echo natural contours, with a design that honors land heritage. Amenities include sauna, magnesium pools, hammam spa, lap pool, children’s pools, yoga studio, gym, and children’s play area. Offers professional spaces such as an Executive Lounge, private offices, and a Resident’s Lounge. Designed with soft neutral tones and rich textures, with floor-to-ceiling windows framing coastal views. Located between Kirra Beach and Snapper Rocks, offering north-facing beach access, surfing, beaches, walking paths, cafes, restaurants, and shopping. Residences include 3-bedroom starting from $4,900,000 and 4-bedroom from $12,950,000, with sizes up to 481m².. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

ABEDIAN & CO's track record: established 2023. Confirm current financial standing before committing.

Confirm current council approval status directly with the local council.

Compare the $4,900,000 starting price against recent comparable sales in Coolangatta.

Verified project data

Development details on record.

Address: Cnr Hill Street and Marine Parade, Coolangatta QLD 4225
Developer: ABEDIAN & CO
Builder: Not publicly disclosed
Construction stage: Under Construction
Expected completion: Estimated Completion Date: Late 2028. Rising gracefully above the sculpted subtropical landscape, Greenmount Residences is set to redefine luxury living on the southern Gold Coast. The development features organic, flowing forms that echo natural contours, with a design that honors land heritage. Amenities include sauna, magnesium pools, hammam spa, lap pool, children’s pools, yoga studio, gym, and children’s play area. Offers professional spaces such as an Executive Lounge, private offices, and a Resident’s Lounge. Designed with soft neutral tones and rich textures, with floor-to-ceiling windows framing coastal views. Located between Kirra Beach and Snapper Rocks, offering north-facing beach access, surfing, beaches, walking paths, cafes, restaurants, and shopping. Residences include 3-bedroom starting from $4,900,000 and 4-bedroom from $12,950,000, with sizes up to 481m².
Council DA status: Approved (MCU/2021/2 (Stage 1) — full precinct DA under verification)
Apartment types: 3 Bedroom, 4 Bedroom
Floor plan sizes: 3 Bedroom: 279m², 4 Bedroom: 481m²
Starting price: From $4,900,000
Price per sqm: $17,562.72/sqm
Number of residences: 61
Views: Ocean, hinterland
Key amenities: Sauna, hot and cold magnesium pools, hammam spa, 25-metre lap pool and spas, children’s wading pool, yoga and reformer pilates studio, gymnasium and children’s play area, Executive Lounge, private office spaces, boardroom, Resident’s Lounge
Buyer incentives: None disclosed
Developer founded: 2023
Developer head office: Mermaid Waters, QLD
Developer market segment: Premium / Ultra-luxury

Visit the official project website ↗︎

Selling agent: 1800 095 095

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 late 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.

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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.