Development profile / Gold Coast / Apartments

Kaiya Kirra Beach

An apartment development in Coolangatta by Immerse Projects, currently pre-construction.

Location: Coolangatta, Gold Coast
Residence: 2–4 bedrooms
Status: Pre-construction

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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 MCU2500584 PN5232/01/DA1 APARTMENT (INCLUDING 2 DETACHED DWELLING UNITS) - 1 Haig Street, COOLANGATTA QLD 4225. Additional detail on record — views: Ocean; expected completion: 9 floors, 1 building, 210 car spaces. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Immerse Projects's track record: 4 projects; past projects include Tempus Residential Estate, Artisan Parkland Terraces, Clover Hill Estate, Wynd Villas. Confirm current financial standing before committing.

Review council DA MCU/2005/2500584 (Approved) and any conditions of consent.

Request current pricing and compare it against recent comparable sales in the area.

Verified project data

Development details on record.

Address: 5 Haig Street, Coolangatta QLD 4225
Developer: Immerse Projects
Builder: Greyburn
Construction stage: Pre-construction
Expected completion: 9 floors, 1 building, 210 car spaces
Council DA status: Approved (MCU/2005/2500584)
Apartment types: 2BR, 3BR, 4BR
Starting price: Price on application
Number of residences: 65
Views: Ocean
Buyer incentives: None disclosed
Developer founded: 2022
Developer head office: Southport, QLD
Developer market segment: Premium

Immerse Projects's notable past projects: Wynd Villas (Mudgeeraba, 2007-2011); Clover Hill Terraces (Somerset College, 2014-2016); Artisan (Mudgeeraba, 2017-2019); Tempus (Mudgeeraba, 2018-2020)

Visit the official project website ↗︎

Selling agent: John Fishbourne, 0417 793 083; Olya Hegarty, 0411 688 095

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: Completion date not confirmed
Construction stage: Pre-construction
Completes after 1 July 2027: Not certain from the recorded date

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.

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Price and value assessment

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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.