Mosaic Property Group Expands Gold Coast Presence with $570M in New Projects

Brisbane-based developer Mosaic Property Group is signifcantly expanding its footprint on the Gold Coast, unveiling three luxury projects valued at over $570 million. These additions bring the company’s development pipeline to over $2 billion, solidifying its position as a leader in South-East Queensland’s property market.

Sophia at Palm Beach: Mosaic’s Palm Beach

Debut

Mosaic is set to launch Sophia by Mosaic, a $135 million beachfront boutique development in Palm Beach. The nine-story project will feature 32 luxury residences, marking Mosaic’s frst venture in the Palm Beach market after successful projects at Bilinga and Kirra Beach. Positioned at the sought-after northern end of Palm Beach, Sophia is already generating strong interest, with Mosaic’s database of existing buyers indicating a rapid sell-out.

Burleigh Heads: Capitalizing on Demand At Burleigh Heads, Mosaic is advancing plans for its ffth project in the area. Following the success of Augusta by Mosaic and Florence by Mosaic, the company is preparing a $185 million ultra-luxury development to meet sustained demand in one of the Gold Coast’s most desirable suburbs.

Broadbeach: Towering Ambitions

In Broadbeach, Mosaic has lodged a development application for a $250 million, 37-level tower on Mary Avenue. The proposed project will offer 59 premium apartments, including both half-foor and full-foor residences, catering to the growing contributed to the spike in unemployment:

• Part-Time Workers Seeking Jobs: Increased by 12,000, reaching 801,000.

• Full-Time Job Seekers: Jumped by 168,000, the highest level since February 2021.

Long-Term Trends and Workforce Growth

Australia’s workforce hit a record 15,818,000 in December, up 26,000 from November and 866,000 over the past two years. While the workforce has grown signifcantly, employment has not kept pace, with a gap of over 150,000 jobs since pandemic restrictions ended in late 2022.

According to Michele Levine, CEO of Roy Morgan, population growth is a major driver of this disparity:

“Since December 2022, the Australian population has increased by over 1.4 million people, more than the population of Adelaide. While employment has risen by 700,000, the workforce has grown by 860,000, leading to persistent high unemployment.”

Comparison with ABS Figures

Roy Morgan’s ‘real unemployment’ rate of 9.7% is more than double the ABS’s offcial 3.9% unemployment rate for November. However, when combined with under-employment,

Roy Morgan’s estimate of 20.3% aligns closely with the ABS’s combined fgure of 10.6%, including workers with reduced hours due to illness or other factors.

Call to Address Persistent Labour Under-Utilisation

Levine emphasized the need for government action to tackle persistent unemployment and under-employment as Australia heads toward a federal election:

“These fgures show that tackling high unemployment and under-employment must be the Federal Government’s number one priority heading into the election.” appetite for luxury living.

Confdence in LifestyleDriven Markets

Mosaic’s co-founder and managing director, Brook Monahan, attributes the company’s success to its focus on lifestyle-driven markets like the Gold Coast and Sunshine Coast.

“The strength of these markets has been exceptional since the pandemic,” Monahan said. “We’re seeing robust demand from downsizers, both interstate and local, seeking thoughtfully designed, high-quality luxury apartments.” Monahan emphasized Mosaic’s resilience in navigating market challenges, such as rising construction costs and limited supply. “Our long-established inhouse construction team allows us to manage costs effectively and seize opportunities where others falter,” he added.

Proven Track Record

Since entering the Gold Coast market in 2018 with Bela by Mosaic

About the Survey at Mermaid Beach, the company has completed nine projects, with four currently under construction. Mosaic’s Gold Coast portfolio is now valued at $1.4 billion. Over the past decade, Mosaic has delivered more than $2 billion in residential developments across the Gold Coast, Brisbane, and the Sunshine Coast, with $2 billion more in projects planned for the next fve years.

The Roy Morgan employment estimates are based on interviews with 4,502 Australians aged 14+ in December 2024 and a cumulative dataset of 922,963 interviews conducted since 2008. Unlike seasonally adjusted ABS fgures, Roy Morgan’s data refects actual survey responses. For further insights into employment trends, visit the Roy Morgan website. This comprehensive analysis highlights the challenges facing Australia’s labour market as the country navigates rapid population growth and persistent job shortages.

A Leader in Design and Demand

Monahan described Mosaic’s projects as a refection of the market’s attraction to design-led developments. “Our portfolio is consistently near sell-out, demonstrating the ongoing demand for our approach,” he said.

Founded in 2004 and rebranded in 2012 by Monahan and co-founder Dave Handley, Mosaic has completed over 65 projects across SouthEast Queensland. With its expanding footprint and proven ability to deliver, Mosaic remains at the forefront of the region’s luxury property market.

Australia’s housing market is experiencing a surge in new home approvals and construction activity, reaching its highest levels in over a year. This trend brings a much-needed reprieve for prospective buyers who have struggled with skyrocketing property prices in recent years.

A decline in global construction material prices has fueled optimism among market watchers, who believe more affordable housing options may soon become a reality. The increase in home approvals is part of a nationwide effort to build 1.2 million new homes, with falling construction costs bolstering confdence across the industry. Queensland is at the forefront of this housing boom, with home approvals up 26% in September compared to the same period last year.

South Australia follows closely with a 14% rise.

On a national scale, house approvals jumped by 17% over the same timeframe, marking the highest levels since May 2023, according to the Australian Bureau of Statistics. When it comes to overall dwelling approvals, Queensland saw a 3% increase in September, with other states also recording modest gains: Victoria (2.6%), Western Australia (2.3%), and South Australia and Tasmania (both 1.5%).

Falling Material Costs Boost Momentum

The recent surge in homebuilding activity can be attributed in part to the steady decline in global construction material costs and a growing domestic demand for housing. Although retail material prices in Australia remain above prepandemic levels, global trends point toward continued easing of costs for developers and homebuyers.

Additional factors underpinning this growth include anticipated interest rate cuts and reduced immigration levels in the coming years. The easing of access to construction workers is also playing a critical role. Highinterest rates have forced many smaller construction frms to shut down, freeing up skilled labor for larger companies. This shift has helped stabilize project timelines and improve the feasibility of new housing developments.