Development profile / Gold Coast / Apartments

Victoria & Albert, Broadbeach

An apartment development in Broadbeach by Iris Capital, 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 AMENC (Amended Conditions) MCU2500138 PN75820/01/DA14 AMENDED CONDITIONS - 12-22 Albert Avenue, BROADBEACH QLD 4218. Additional detail on record — expected completion: Estimated Completion Date Mid 2028. Buyers should independently verify current availability, pricing, inclusions, contract terms and expected completion timing before proceeding.

Iris Capital's track record: 24+ projects; past projects include Victoria & Albert, Queensgate, East End Stage 1, East End Stage 2, Kingswood. Confirm current financial standing before committing.

Review council DA MCU/2005/2500138 (Approved) and any conditions of consent.

Compare the $2,450,000 starting price against recent comparable sales in Broadbeach.

Verified project data

Development details on record.

Address: 20 Albert Avenue, Broadbeach QLD 4218
Developer: Iris Capital
Builder: Iris Capital
Construction stage: Under Construction
Expected completion: Estimated Completion Date Mid 2028
Council DA status: Approved (MCU/2005/2500138)
Starting price: From $2,450,000
Number of residences: 425
Buyer incentives: None disclosed
Developer founded: 1995
Developer head office: Sydney, NSW
Developer market segment: Mixed

Iris Capital's notable past projects: Victoria & Albert (Broadbeach); Queensgate (Potts Point); East End Stage 1 (Newcastle, 2021)

Developer reputation (public sources): Iris Capital facing backlash over plan to add up to 40 more gaming machines to its venues (https://www.abc.net.au/news/2022-07-21/iris-capital-backlash-over-gaming-machine-plans/101247840); Pub and pokies king Sam Arnaout issued please explain by corporate cop (https://www.afr.com/companies/games-and-wagering/pub-and-pokies-king-sam-arnaout-issued-please-explain-by-corporate-cop-20250914-p5muup); Iris Capital does not report financials to ASIC (https://www.afr.com/companies/games-and-wagering/the-rich-listers-whose-financial-success-or-pain-remains-a-secret-20250513-p5lyux) Source ↗︎

Visit the official project website ↗︎

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Builder and project checks

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Price and value assessment

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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.