Completion Case Study: Avalon by Mosaic

About Avalon by Mosaic

Comprising 86 luxurious apartments across two architecturally iconic buildings and located on Duporth Avenue on the banks of the beautiful Maroochy River, Avalon is all about definitive style, fashioned to delight your senses and nurture your mind, body, and soul.

Utilising exceptional engineering and intelligent design, Avalon integrates two separate buildings into an exclusive collection of luxurious apartments, sub-penthouses and penthouses. The development has been designed to create separation and distinct identities between the two buildings.

All apartments feature distinctively flawless styling where every intricate detail down to the prestigious inclusions and finishes setting a new benchmark in coastal style. A commercial-size gymnasium with state of the art equipment, a sauna and steam room with locker and shower facilities will be available to residents. A resort-style pool set in lush tropical gardens with extensive internal and external private garden zones completes the picture of the ultimate in coastal living.

This iconic and exciting development will revitalise the waterfront precinct and reconnect Duporth Avenue to what is emerging as the Sunshine Coast’s epicentre of commerce, technology, innovation, entertainment and inner-city living.

Results at a Glance

• $1.18m average price point
• 100% sell-out prior to completion
• 100% valuation success
• 100% settlement success
• $593 to $1,700 weekly rents achieved
• UDIA award-winning design
• Greenstar accredited project

Commitment to Positive Customer Experiences

Mosaic has a strong track record of nurturing trust-based, enduring customer relationships through a personable and transparent approach to communication.

We aim to provide as seamless and stress-free an experience for buyers as possible. A single, dedicated point of contact is there every step of the way to provide regular updates, highly personalised service, and seamless communication.

Avalon has experienced overwhelmingly positive feedback from purchasers regarding the quality and detail of the building, their apartment, amenity, and overall experience far exceeding expectations.

Many residents have expressed their enjoyment of the sense of community at Avalon, in addition to the in-person Concierge adding another level of luxury to their lifestyle.

“We really feel like this is our forever home and look forward to many happy years at Azure.”

– Resident Owner-Occupier

Record-Breaking Sales Performance

Avalon was the Sunshine Coast’s best-selling off-the-plan development of 2019 (source: Place Projects). Strong local market acceptance led to sell-out well in advance of its April 2021 completion. Azure exceeded expectations, selling 85% within seven weeks.

Azure also set two off-the-plan sales records for Maroochydore, first at $5.63m then $6.0m, both to local owner-occupiers.

A Forensic Approach to Valuations

Mosaic has a stringent set of business processes, protocols, and procedures to minimise settlement and valuation risk. Further, Mosaic product has continued to evolve to meet the market’s ever-changing drivers, which has been vital to our success and resilience through multiple cycles and conditions.

Avalon highlighted the strength this, achieving 100% valuation success on-contract price as well as 100% settlement success in just two weeks.

The Mosaic Property Management Difference

Upon completion, Avalon has experienced extraordinary rental demand. Over 700 enquiries were received and in excess of 200 inspections and applications.

Average rents achieved are well above the local area. The highest weekly amount being achieved for a 3-bedroom apartment is a record-breaking $1700, while the average is $833. The local area average for 3-bedroom apartments in Maroochydore is $585 (source: RTA).

Similarly, 2-bedroom apartments are realising an average of $593 against the area average of $450 (source: RTA).