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Development profile / Gold Coast / Apartments
LAANI
An apartment development in Mermaid Beach by DANKAV, currently construction complete.
- Location
- Mermaid Beach, 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: MATERIAL CHANGE OF USE IMPACT MCU2800133 PN26436/01/DA1 APARTMENT BUILDING CONVENIENCE STORE CAFE - 4-6 Lavarack Road, MERMAID BEACH QLD 4218. Additional detail on record — expected completion: Estimated completion 2025. Project value $74.5 Million. Award-winning.. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.
01
DANKAV's track record: 11 projects; past projects include Mali, Ivy 95, Oceans, Pacific on Peerless, Papillon. Confirm current financial standing before committing.
02
Review council DA MCU/2008/2800133 (Refused) and any conditions of consent.
03
Compare the $875,000 starting price against recent comparable sales in Mermaid Beach.
Verified project data
Development details on record.
- Address
- 26-28 Alexandra Avenue, Mermaid Beach QLD 4218
- Developer
- DANKAV
- Builder
- Dilcara Construction
- Construction stage
- Construction Complete
- Expected completion
- Estimated completion 2025. Project value $74.5 Million. Award-winning.
- Council DA status
- Refused (MCU/2008/2800133)
- Starting price
- From $875,000
- Number of residences
- 52
- Buyer incentives
- None disclosed
- Developer founded
- 2002
- Developer head office
- Miami, QLD
- Developer market segment
- Ultra-luxury
DANKAV's notable past projects: Mali (Mermaid Beach, 2021); The Oxley 1823 (Mermaid Beach, 2023); Papillon (Hamilton Island, 2019); South Stradbroke (South Stradbroke Island, 2023); Lars Bar and Grill (Mermaid Beach, 2024); 10 Albatross Avenue (Mermaid Beach, 2007); 63 Albatross Avenue (Mermaid Beach, 2013); Casa Rotunda (Hamilton Island, 2023)
Developer reputation (public sources): Dankav terminated builder on Mermaid Beach Tower (https://www.theurbandeveloper.com/articles/dankav-groupline-mermaid-beach-tower-contract-termination-qbcc); DANKAV PTY LTD (ACN 121 058 133) proposed deregistration (https://publishednotices.asic.gov.au/browsesearch-notices/notice-details/DANKAV-PTY-LTD-121058133/b13e234c-709a-4372-847a-1cc1005edc48) Source ↗︎
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 2025
- 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.
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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