Fast Sales Sparks Build

Lily by Mosaic, the $160m followup to the sold-out $166m Marella by Mosaic, has achieved more than $90m in sales in just five weeks, leading to Mosaic Property Group’s own building arm kicking off construction well ahead of the anticipated schedule.

The launch of Lily, the Queensland-based private developer’s second luxury Broadbeach release within one year, was quickened to fulfil demand following Marella’s sellout, which took less than six months for buyers to snap up nearly all 98 properties at an average price of $1.7m.

Like Lily, Marella’s sales led to its build being brought forward. Mosaic Construction is currently advancing Marella’s basement and anticipates an early 2025 finish.

Mosaic’s founder and managing director, Brook Monahan, said Lily looked on track to achieve a sellout in a comparable time frame to Marella, if not sooner, due to the market’s confidence in Mosaic’s quality and proven track-record of delivery, coupled with the lack of supply of high-end luxury apartment product on the Gold Coast.

There will be 98 residences over 29 levels with amenities including a gymnasium, sauna, steam room, resort pool, barbecue and dining spaces, and a top-floor Residents’ Lounge. Prices start from $895,000 for a two-bedroom two-bathroom configuration with one carparking space.