A Brisbane developer has come up with a new style of off-the-plan apartments embracing intergenerational living.
Red & Co’s $250 million COMO development.
Developer Red & Co has recorded strong demand for their Gold Coast project’s innovative “dual key” residences, that allow families to live together while maintaining independence and privacy.
Situated at Varsity Lakes, COMO will include 156 apartments across 16 levels, positioning the project at the premium end of the local apartment market.
At the centre of buyer interest is a limited release of 36 Dual Key apartments – with just 17 remaining for sale.
The rooftop pool.
The configuration combines two self-contained residences on a single title, comprising a primary two-bedroom apartment alongside a separate studio residence, connected via a shared foyer and lockable internal door.
Render of one of the apartments.
The model is proving attractive to owner occupiers navigating changing family dynamics and the realities of the current housing crisis.
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Red & Co’s $250 million COMO development. July, 2026 renders.
NPA’s CEO Andrew Erwin, who is marketing the project, said the dual key residences were resonating with buyers because it delivered both financial flexibility and practical lifestyle benefits.
“The housing crisis and rising cost of living are fundamentally changing how Australians think about home ownership,” Mr Erwin said.
“Dual Key apartments provide a genuine solution for families who want to stay connected while maintaining independence.
Render of one of the balconies.
“Parents can help adult children save for a future home, ageing parents can remain nearby without moving into aged care, and owners still retain privacy and flexibility.”
“Importantly, buyers are also recognising the financial advantages.
“It creates the opportunity to generate additional income from part of the home without the holding costs associated with owning a separate investment property.”
Render of dining and kitchen.
The momentum comes as Red & Co’s $250 million COMO development surpasses 50 per cent sold within the first month of launch.
Red & Co director and co-founder David Laverty said the strong early sales reflected growing buyer urgency and changing priorities within the market.
Render of one of the bedrooms.
“Securing more than half of COMO’s residences within such a short time frame is an outstanding result and a clear endorsement of both the design and location,” Mr Laverty said.
“Buyers are responding to the combination of location, connectivity and amenity, but ultimately it’s value relative to other East Coast markets that is driving inquiry.”
“We’re also seeing strong interest from owner occupiers looking for homes that can adapt with them over time.
Render of the kitchen and dining.
Render of the rooftop recreation and wellness area.
The remaining dual key apartments range from 137 sqm to 167 sqm and include three-bedroom layouts with separate self-contained studio accommodation and dual parking.
Prices range from $2.11575 to $2.583m.
Designed by BDA Architecture, COMO features a mix of one-, two- and three-bedroom residences with 2.7-m ceilings and large floorplans aimed at owner occupiers, downsizers and lifestyle- focused buyers.
The development will feature a rooftop recreation and wellness area offering including a 25m lap pool, sundeck, barbecue and dining areas, gym, sauna, plunge baths, landscaped gardens, and pickleball and paddleball courts.
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