Development profile / Gold Coast / Apartments

Palm Shores, Palm Beach

An apartment development in Palm Beach by 5Point Projects, currently under construction.

Location: Palm Beach, 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 CODE MCU201700171 PN22986/01/DA1 TWO DETACHED DWELLINGS - 156 Tallebudgera Drive, PALM BEACH QLD 4221. Additional detail on record — views: Coastal, Ocean; amenities: Pool, cold plunge, rooftop terraces, dining space, lounge area; expected completion: Late 2026 (from apartments.com.au). Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

5Point Projects's track record: 37+ projects (5pointprojects.com.au); past projects include Ophira, Amani, Newstead Park Residences, Obsidian, Adagio. Confirm current financial standing before committing.

Review council DA MCU/2023/1086 (Approved) and any conditions of consent.

Compare the $4,850,000 starting price against recent comparable sales in Palm Beach.

Verified project data

Development details on record.

Address: 171-173 Jefferson Lane, Palm Beach QLD 4221
Developer: 5Point Projects
Builder: 5Point Projects
Construction stage: Under Construction
Expected completion: Late 2026 (from apartments.com.au)
Council DA status: Approved (MCU/2023/1086)
Apartment types: 3 bedroom, 4 bedroom, penthouses
Floor plan sizes: 3 bedroom: 180m², 4 bedroom: 264m²
Starting price: From $4,850,000
Price per sqm: $26,944.44/sqm
Number of residences: 16
Views: Coastal, Ocean
Key amenities: Pool, cold plunge, rooftop terraces, dining space, lounge area
Buyer incentives: None disclosed
Developer founded: 2016
Developer head office: Gold Coast, QLD
Developer market segment: Premium

5Point Projects's notable past projects: Ophira (Palm Beach, Gold Coast); Amani (Main Beach, Gold Coast); Newstead Park Residences (Newstead Park, Brisbane); Obsidian (Teneriffe, Brisbane); Adagio (West End, Brisbane); Omnia (Palm Beach, Gold Coast); Elevaire (Palm Beach, Gold Coast); One Bulimba (Bulimba, Brisbane)

Developer reputation (public sources): Luxury builder 5Point Projects charged over trust moneys (https://www.facebook.com/tobysmum.rowles/posts/5-point-projects-charged-and-im-still-celebrating-a-major-luxury-apartment-build/2630348517363442/); Luxury SEQ apartment builder 5Point Projects Pty Ltd facing 100 charges (https://www.goldcoastbulletin.com.au/business/gold-coast/luxury-seq-apartment-builder-5point-projects-pty-ltd-facing-100-charges/news-story/5060f4723727933966c94941a3039cab) Source ↗︎

See the full 5Point Projects developer profile ↗︎

Visit the official project website ↗︎

Selling agent: Dylan Molloy, 0430 716 738

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 2026
Construction stage: Under 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.