Melbourne developer makes its mark on the Sunshine State

A Melbourne-based developer has made its mark on the Sunshine State following the settlement of its $75m project. FIND OUT WHERE

Brisbane resident and property industry entrepreneur Leah Kent has recently settled her purchase at the Hemingway.

A Melbourne-based developer has made its mark on the Sunshine State following the settlement of its $75m project.

Hirsch & Faigen’s Gold Coast based project, Hemingway at Palm Beach, has delivered capital gains of between 35

and 50 per cent for buyers as the development wraps up.

The 14-level development comprises one-, two---, three--- and four-bedroom apartments priced from $420,000 to $3.995 million when first released to buyers in 2021.

Head of Sales for Hirsch & Faigen, Matt George, said early buyers of the Hemingway project have enjoyed significant capital gains of up to 50 per cent.

“Most (of the buyers) are local downsizers and upsizes, as well as first-home buyers, who staked their faith in Hirsch & Faigen to deliver this project amid the well-documented challenges the construction industry faced over this period,” Mr George said.

The Hemingway project achieved a total sellout of all apartments ahead of its completion in December 2023, where the penthouse sold for an incredible $3.995m.

Despite missing the project’s initial launch, Brisbane resident and property industry entrepreneur Leah Kent has recently settled her purchase. She has expanded her business, Cue Property Settlements, down the Gold Coast and plains to retain the apartment as an investment and holiday home.

“We were lucky enough, however, to jump on a well-appointed three-bedroom apartment on

the northeast corner, with sweeping beach views and mountain glimpses,” Ms Kent said.

Ms Kent said she had been looking to secure an off-the-plan apartment for a year.

“Having an apartment for the family to enjoy that can be used as an office was not only a

solid investment but a dream come true,” she said.

“The accessibility, laid-back lifestyle and pristine beach vantage provide the ideal destination to restore and recharge.”

“During an uncertain period for the construction industry, seeing many projects not

proceeding, this credibility and insight gave us confidence that the project would be

delivered and to a high standard,” said Ms Kent.

“The appliances, finishes and inclusions were all superior, and we were thrilled to find that

the developer was willing to accommodate our requests for custom variations, which is

increasingly rare.

“It is incredibly reassuring to see that property values are finally being recognised and so

rewarding to have been able to benefit from the risk that comes with buying off-the-plan.”

Hirsch & Faigen director Daniel Faigen said they are incredibly pleased with the positive feedback from Hemingway’s buyers.

“We are equally proud to have completed Hemingway and delivered this exceptional project during challenging times for the construction sector,” Mr Faigen said.

“The Gold Coast has been an exceptional market for our group across three projects, and we look forward to also bringing Emerson and Yves to completion in due course.”

The developer has also undertaken two more projects, the $75m Emerson Kirra and $200 million Yves Mermaid Beach. The three projects have achieved a $350m sellout success.