Positive Times

A leading residential property developer has forecast the forthcoming 12 months to be an exciting and significant period. Lily by Mosaic is the 10th Gold Coast release in under four years from Mosaic Property Group at a combined value of around $850m.

Mosaic has 12 active construction sites across southeast Queensland, set to deliver more than 770 new homes in the next two years.

“The coming 12 months will be exciting and significant, with several premium addresses across southeast Queensland completing, as well as Mosaic unveiling more one-of-a-kind luxury opportunities in Brisbane, the Gold Coast, and the Sunshine Coast,” founder and managing director Brook Monahan said.

“However, for now, with the amazing momentum generated by Lily’s swift sales, we encourage prospective buyers to act quickly to secure one of the remaining opportunities in this prestigious, world-class development.”

Mr Monahan said the appetite for luxury living experiences on the Gold Coast outstripped the limited supply of properties built or under construction and would do so for some time.

“Buyers are very conscious of the construction sector’s ongoing volatility due to supply chain issues and material and labour costs, and given this, much of the perceived supply will likely not eventuate at any point in the medium-term future,” he said.

Lily by Mosaic prices start from $895,000 for a two-bedroom two-bathroom apartment.