Development profile / Gold Coast / Apartments

Lumara Broadbeach

An apartment development in Broadbeach by Bourke Projects, 5Point Projects, 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 IMPACT MCU201000030 PN74787/01/DA1 20 STOREY MIXED USE DEVELOPMENT COMPRISING OF COMMUNITY PURPOSES (PUBLIC ART GALLERY) & SHOP APARTMENTS (108 DWELLING UNITS), RESTAURANT, - 2. Additional detail on record — expected completion: Estimated completion: Mid 2028, 37 half and full-floor residences over 26 levels.. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Bourke Projects, 5Point Projects's track record: 5Point Projects: 37+ projects. Bourke Projects: N/A; past projects include 5Point Projects: Ophira, Amani, Newstead Park Residences, Obsidian, Adagio. Bourke Projects: N/A. Confirm current financial standing before committing.

Review council DA MCU/2010/30 (Approved) and any conditions of consent.

Compare the $3,985,000 starting price against recent comparable sales in Broadbeach.

Verified project data

Development details on record.

Address: 108 Old Burleigh Road, Broadbeach QLD 4218
Developer: Bourke Projects, 5Point Projects
Builder: 5Point Projects
Construction stage: Under Construction
Expected completion: Estimated completion: Mid 2028, 37 half and full-floor residences over 26 levels.
Council DA status: Approved (MCU/2010/30)
Starting price: From $3,985,000
Number of residences: 37
Buyer incentives: None disclosed
Developer founded: 2000
Developer head office: Gold Coast, QLD
Developer market segment: Premium

Bourke Projects, 5Point Projects's notable past projects: 2414/24 Queensland Avenue Broadbeach; 14 Trafalgar Street Highland Park; 105-107 Jefferson Lane Palm Beach; 6 Mercedes Place Bundall; 11/141 Surf Parade Broadbeach; 259 Benowa Road Benowa; 8/34 Seaside Avenue Mermaid Beach; 24/3 Bronberg Court Southport

Visit the official project website ↗︎

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 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.

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.