ORAMA
ORAMA
SURFERS PARADISE GOLD COAST, QLD 4217
Orama, the Ancient Greek word for ‘vision’, expresses the beauty of this uniquely elegant property on the exclusive Chevron Island. This 21-storey tower will boast 102 luxury residences to offer a boutique living experience for a select few.
Offering you a carefully considered selection of 2 and 3 bedroom apartments and skyhomes, these residences are bathed in natural light through floor-to-ceiling windows that frame the panoramic views of each apartment. They feature expansive outdoor spaces to provide for effortlessly elegant indoor-outdoor living in Southeast Queensland’s marvellous climate.
The remarkable privacy and breathtaking views of Orama at Chevron Island arise from its unparalleled location next to the water and yet just a few steps away from the heart of the Gold Coast – Surfers Paradise. Other nearby destinations for shopping, dining and world-class entertainment include Pacific Fair Shopping Centre, Capri on Via Roma, The Star Casino and many more.
The latest statistical data relating to the residential rental market of Surfers Paradise and Chevron Island indicate that the vacancy rate is at 1.4%, and that the 2-year term rental outlook of the specialist firm Urbis, deducted from the evolution of the median level of rents in recent years, stand at:
- 2 bedroom apartments: $880
- 3 bedroom apartments: $1,200
Construction is commencing late 2023
Completion is anticipated early 2025
The developer did not have the program pre-approved by the body responsible for monitoring foreign direct investment, the "Foreign Investment Review Board" (FIRB). This means that it will be up to each non-resident foreign investor to apply through their solicitor for FIRB approval. It is a necessary formality, but the authorization is generally granted, except for exceptional reasons. The FIRB's response is given within a maximum period of one month after receipt of the complete file. If there is no response beyond this period, the authorization is deemed to have been granted.
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