Burleigh Heads $120m apartment tower Lura hits market with holiday rental approval

Lura, Burleigh Heads A new Burleigh Heads apartment development is targeting a growing breed of lifestyle investors who want to use their property as a personal retreat while tapping into the suburb’s lucrative holiday accommodation market. Lura, at 1871 Gold Coast Highway, has now launched to the market, with construction already progressing to Level 13 and completion expected in late 2027. The $120 million, 96-residence development has been approved for short-term letting, giving owners the flexibility to use their property when visiting the Gold Coast and make it available to holidaymakers at other times. NPA Projects CEO Andrew Erwin said the proposition was suited to buyers who wanted their investment to offer both lifestyle and income potential. “Burleigh is somewhere people want to come and spend time, and Lura gives investors the opportunity to have a property in one of the Gold Coast’s most desirable holiday and liveability destinations, with the flexibility to use it themselves,” Mr Erwin said. “That combination is increasingly attractive to people who want their investment to work for them, while also having a place they can enjoy as a holiday escape, weekender or local ...