Development profile / Gold Coast / Apartments

Marea Residences, Coolangatta

An apartment development in Coolangatta by OC2, currently pre-construction.

Location: Coolangatta, Gold Coast
Residence: Bedroom configuration on application
Status: Pre-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 AMENC (Amended Conditions) MCU2400606 PN227828/01/DA2 DEVELOPMENT PRECINCTS - 91 Griffith Street, COOLANGATTA QLD 4225. Additional detail on record — views: Ocean, park; amenities: Rooftop terrace, pool; expected completion: Estimated Completion Date Mid 2027. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

OC2's track record: past projects include MAYA Byron Bay, MIRA Gold Coast. Confirm current financial standing before committing.

Review council DA MCU/2004/2400606 (Lapsed - No Decision) and any conditions of consent.

Compare the $1,800,000 starting price against recent comparable sales in Coolangatta.

Verified project data

Development details on record.

Address: 27-27A Dixon Street, Coolangatta QLD 4225
Developer: OC2
Builder: MAYD
Construction stage: Pre-construction
Expected completion: Estimated Completion Date Mid 2027
Council DA status: Lapsed - No Decision (MCU/2004/2400606)
Apartment types: 3 Bedroom, 4 Bedroom, Penthouse
Floor plan sizes: 132m², 170m², 176m², 325m², 503m²
Starting price: From $1,800,000
Price per sqm: $13,636/sqm
Number of residences: 25
Views: Ocean, park
Key amenities: Rooftop terrace, pool
Buyer incentives: None disclosed

Visit the official project website ↗︎

Selling agent: Matthew George, 0410 325 870

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 2027
Construction stage: Pre-construction
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.