All Apartments Settled at $75 Million Hemmingway in Palm Beach, Delivering Capital Gains for Buyers

Melbourne-based developer Hirsch & Faigen proudly unveils the triumphant completion of its debut Gold Coast venture, Hemingway at Palm Beach. This $75 million project has not only reached completion but has also yielded impressive capital gains ranging between 35 and 50 per cent for its discerning buyers.

Nestled in the coveted beachfront enclave near Palm Beach's bustling commercial center, Hemingway has welcomed its first residents after a two-year journey since its inception by Hirsch & Faigen. Comprising 78 opulent residences spread across 14 levels, this development offered a range of one to four-bedroom layouts, originally priced from $420,000 to $3.995 million upon its 2021 release.

"Early buyers at Hemingway have enjoyed significant capital gains of up to 50 per cent in one of the most dynamic markets in Australia." said Matt George, Hirsch & Faigen’s Head of Sales.

The project achieved full occupancy prior to its December 2023 completion, including the sale of its pinnacle, the penthouse, fetching a remarkable $3.995 million. Among the delighted buyers is Leah Kent, a Brisbane resident, who secured a three-bedroom haven boasting panoramic beach vistas and mountain panoramas.

"Having an apartment for the family to enjoy that can be utilized as an office was not only a solid investment but a dream come true," Ms Kent said.

Hemingway marks the inaugural success of Hirsch & Faigen's Gold Coast endeavors, with subsequent projects Emerson Kirra and Yves Mermaid Beach collectively achieving a sellout totaling $350 million within a mere two years.

"We are extremely pleased with the positive feedback from Hemingway’s buyers and proud to have completed Hemingway during challenging times for the construction sector,” said Director Daniel Faigen.

Strategically located at 1267-1273 Gold Coast Highway, Hemingway grants residents access to an invigorating beachside lifestyle, urban conveniences, and a burgeoning culinary and entertainment panorama.

In summary, Hemingway's resounding success not only solidifies Hirsch & Faigen's commitment to excellence but also exemplifies their capacity to deliver exceptional projects even amidst adversity. With a sterling track record of quality developments, the company eagerly anticipates enriching the Gold Coast's real estate fabric with future endeavors.