Hirsch & Faigen Edges Closer to Sellout of $350 Million Gold Coast Debut Portfolio

Melbourne-based Hirsch & Faigen is on the verge of a triumphant sellout of its $350 million debut Gold Coast portfolio, with two projects near completion and a third well underway. The $75 million Hemingway Palm Beach and the follow-up, $75 million Emerson Kirra, have both seen overwhelming buyer interest, positioning the company for a highly successful Gold Coast journey, completing three projects in a little over two years.

Currently, the company's latest project, the $200 million Yves Mermaid Beach, stands at an impressive 90% sold, with confidence that the remaining apartments will find buyers in the coming months. All three developments are under construction simultaneously by Hutchinson Builders, one of Queensland's largest and most reputable builders.

Hemingway Palm Beach has successfully secured buyers for all apartments, while Emerson Kirra is just one penthouse away from a complete sellout. Yves Mermaid Beach, the largest development to date for Hirsch & Faigen in Australia's premier lifestyle market, is taking shape, with construction reaching the ground floor level after completing the basement carparking.

Daniel Faigen, director of Hirsch & Faigen, emphasized the company's commitment to the Gold Coast market, stating, "When we entered the Gold Coast market with our first project in early 2021, we did so with a great deal of confidence that we could replicate the quality we are renowned for in Melbourne on the Gold Coast, but with that distinctive coastal style that buyers in the region expect."

The success of Hemingway Palm Beach, Emerson Kirra, and Yves Mermaid Beach underscores Hirsch & Faigen's reputation for project delivery. The company is proud that buyers have recognized and appreciated their commitment to quality, driving sales success across all three projects.

With just one apartment remaining at the nearly completed Emerson Kirra – a full-floor penthouse with unrivaled ocean and city skyline views – priced at $10 million, Hirsch & Faigen is poised for another success story. Yves Mermaid Beach, comprising 146 luxury apartments over 25 levels, has only seven residences left, generating strong interest from a diverse range of buyers.

Sales Director for Hirsch & Faigen, Matt George, noted, "Given the rapid pace with which apartments have been purchased to date, we expect the remaining apartments to sell out this year." Apartments at Yves are priced from $1.05 million to $1.3 million, with penthouses ranging from $5 million to $6.5 million.

The success of their debut Gold Coast projects has fueled Hirsch & Faigen's appetite for future developments in the city. Daniel Faigen stated, "Our team is always reviewing opportunities across the territories in which we operate, and the Gold Coast will remain a focus for us in the future." The company looks forward to continued success and growth in the vibrant Gold Coast market.