Development profile / Gold Coast / Apartments

Rana Palm Beach

An apartment development in Palm Beach by Macquarie York, currently pre-construction.

Location: Palm Beach, Gold Coast
Residence: 2–3 bedrooms
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 CODE MCU2600779 PN31001/01/DA1 APARTMENTS SHOPS CAFE OFFICE - 16-20 Seventh Avenue, PALM BEACH QLD 4221. Additional detail on record — views: Ocean, hinterland; amenities: Pool, gym, sauna, yoga spaces; expected completion: Q4 2028. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Macquarie York's track record: past projects include Azariah Palm Beach, Rana Palm Beach, Sunset Residences, Allure development. Confirm current financial standing before committing.

Review council DA MCU/2006/2600779 (Approved) and any conditions of consent.

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

Confirm the deposit structure: 10% on exchange, balance on settlement.

Verified project data

Development details on record.

Address: 16-20 Twenty Third Avenue, Palm Beach QLD 4221
Developer: Macquarie York
Builder: Not publicly disclosed
Construction stage: Pre-construction
Expected completion: Q4 2028
Council DA status: Approved (MCU/2006/2600779)
Apartment types: 2BR: From 92sqm, 3BR: Up to 148sqm
Floor plan sizes: 2BR: From 92sqm, 3BR: Up to 148sqm
Parking / garage: Secure basement parking
Starting price: Price on application
Number of residences: 54
Views: Ocean, hinterland
Key amenities: Pool, gym, sauna, yoga spaces
Deposit structure: 10% on exchange, balance on settlement
Buyer incentives: None disclosed
Developer founded: 2008
Developer head office: Sydney, NSW; Gold Coast, QLD
Developer market segment: Mixed

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 late 2028
Construction stage: Pre-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.