15 Cunningham Avenue, Main Beach

From the start of 2020 to the end of 2024, the median value of a unit on the Gold Coast has jumped 78 per cent, from $465,000 to $832,000.

The value growth in the unit market on the <a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a> is starting to slow a touch, after a bull run that has stretched over five years.

Unit values rose 0.3 per cent in March, according to CoreLogic's Home Value Index, to reach a new record-high median of $836,000.

While still growing in value, the gains are softer than the 0.6 per cent growth in February and 0.5 per cent in January.

The&nbsp;<a href="https://www.urban.com.au/developments/gold-coast-qld">Gold Coast</a>&nbsp;unit market has been one of the best-performing in the country over the last five years. From the start of 2020 to the end of 2024, the median value of a unit has jumped 78 per cent, from $465,000 to $832,000.

<h2>What happened in the Gold Coast’s off the plan apartment market in March?</h2>

The Gold Coast off the plan unit market saw an increase in buyer demand in March.

Enquiries rose by 13 percent in March compared to February. Excluding January's large spike in enquiries, the March figures were the highest they’ve been in the past 12 months.

Views of Gold Coast projects in Q1 2025 were the highest since Q2 2023, with Surfers Paradise, Main Beach, and Palm Beach capturing the lion's share of the views.

Ashwin Property Director Tony Ashwin has seen strong demand in the northern Gold Coast at Kelyin and Kinstone's latest waterfront release in their Serentiy 4212 masterplan in <a href="https://www.urban.com.au/developments/helensvale-qld-4212">Helensvale</a>.

The new release,&nbsp;<a href="https://www.urban.com.au/new-townhouses/serenity-lakeside-villas-helensvale-6-lake-serenity-boulevard-helensvale-qld-4212">Lakeside Serenity 4212</a> Waterfront Villas, comprises just&nbsp;16 absolute waterfront homes, each with direct water access and a private pontoon.

[smartcode_project:default project_id=149142 project_image_fid=324622]

The four-bedroom residences, featuring premium finishes and expansive lake views, have drawn significant interest from both local downsizers and Brisbane buyers seeking a coastal lifestyle with easy city access.&nbsp;

“The northern suburbs of the Gold Coast are in extremely high demand,” Ashwin says, highlighting that Helensvale is central to this growth.

“Helensvale is the only Gold Coast suburb with both heavy and light rail connections, offering residents easy access to Brisbane and the rest of the Gold Coast.”

[smartcode_project:default project_id=149142 project_image_fid=324623]

<a href="https://www.urban.com.au/builders/resort-homes">Resort Homes</a>&nbsp;is well advanced in construction of the homes, which will be ready for occupancy in Q3 2025.

&nbsp;

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/high-demand-and-limited-supply-in-northern-gold-coast-drives-buyers-to-helensvales-lakeside-serenity-villas">High demand and limited supply in Northern Gold Coast drives buyers to Helensvale's Lakeside Serenity Villas</a>

Construction is also gathering steam at DD Living's popular&nbsp;<a href="https://www.urban.com.au/new-apartments/burly-residences-north-burleigh-264-268-the-esplanade-burleigh-heads">Burly Residences</a> in North Burleigh. The luxury beachfront development will comprise just over 100 high-end apartments, introducing a new standard of residential amenities to the area.&nbsp;

Designed by renowned Japanese architect <a href="https://www.urban.com.au/architects/koichi-takada-architects">Koichi Takada</a>&nbsp;with interiors by <a href="https://www.urban.com.au/interior-designers/mim-design">MIM Design</a>, Burly Residences will offer two, three, and four-bedroom apartments alongside two levels of six-star resort-style amenities. These include multiple swimming pools, a gym with a Peloton room, and private dining areas.

[smartcode_project:default project_id=134791 project_image_fid=328212]

Gowdie Management Group is handling the construction of Burly Residences and is expecting to complete the build in 2027.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/construction-commences-at-devines-luxury-burleigh-tower-burly-residences">Construction commences at Devine's luxury Burleigh tower, Burly Residences</a>

The pipeline of new apartments was also topped up in March. The most impressive plans came from <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a> where&nbsp;<a href="https://www.urban.com.au/developers/gdi-group">GDI Group</a>&nbsp;is planning a luxury apartment development on Cunningham Avenue.

<img alt="First look: GDI Group plot two-level apartments in Main Beach" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Cunningham.png?VersionId=O8Zo4guRXRsWLaxXreN8Xix7ySPEPKo0" />

Approaching completion of their Drift Residences nearby, GDI Group is planning a 23-level building with just 10 two-level apartments, each featuring three bedrooms on the lower level and an open-plan kitchen, living, and dining area on the upper level.

Amenities will include a wellness centre and a pool, with Bureau Proberts designing a contemporary addition to Main Beach’s evolving skyline.&nbsp;

GDI is expected to oversee construction, having brought the build for Drift Residences in-house, a popular choice for developers in the current build environment.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-gdi-group-plot-two-level-apartments-in-main-beach">First look: GDI Group plot two-level apartments in Main Beach</a>

Another builder-developer, the Brisbane-based <a href="https://www.urban.com.au/developers/bpg-developments">BPG Developments</a>,&nbsp;also has a new project on the horizon.

They are planning a return to the <a href="https://www.urban.com.au/developments/palm-beach-qld-4221">Palm Beach</a>&nbsp;with a 14-level tower on a double-block site across the Gold Coast Highway and a prized entry from Jefferson Lane.<img alt="First look: BPG Developments returns to Palm Beach new apartment market" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/gold%20coast%20da.png?VersionId=2WnKIURE0J1ceRTfRntCUamzdrHV0DxR" />

The new development will include 71 two- and three-bedroom residences, three two-level townhouses, and resident amenities such as a pool and wellness space. Designed by <a href="https://www.urban.com.au/architects/plus-architecture" target="">Plus Architecture</a>, the project draws inspiration from Queensland’s coastal vernacular.&nbsp;

Situated next to the recently completed Village Palm Beach and near other upcoming projects, this development will add to the growing apartment supply in the sought-after Palm Beach market.

BPG completed Sable on Palm Beach, just up the road, in 2019.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-bpg-developments-returns-to-palm-beach-new-apartment-market">First look: BPG Developments returns to Palm Beach new apartment market</a>

Joel Robinson

City Beat April 2025: Gold Coast unit market continue to grow, but gains slow

GDI will no doubt be looking to handle the build themselves, having brought construction inhouse for Drift Residences after the collapse of GCB Constructions.

As their luxury Drift Residences in <a href="https://www.urban.com.au/developments/main-beach-qld-4217">Main Beach</a> nears completion, Dean Gallagher's GDI Group is already setting its sights on its next project.

They're not straying too far, in fact just 600m from Drift, where they're planning an even more high-end project with just 10 apartments across a 23-level building at <a href="https://www.urban.com.au/new-apartments/15-cunningham-avenue-main-beach">15 Cunningham Avenue, Main Beac</a>h.

<img alt="15 Cunningham Avenue, Main Beach" data-entity-type="file" data-entity-uuid="28525646-4f40-40aa-a124-99168315aa4a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Cunningham%20side.png?VersionId=xcBbOdYS6GlinZewwn1YCrzDQWeY0sDk" />

The lower level will include three-bedroom apartments, along with a multi-purpose room. The upper level will offer an open-plan kitchen, living, and dining area, a butler's pantry, and a media room. Each apartment will have a north-facing balcony, with the building oriented to the north.

Level one will house a wellness center, complete with a gym, sauna, and ice bath. Above, there will be a pool and recreation deck, also facing north. A four-level basement will provide 29 resident parking spaces.

The new tower will replace an old three-level brick walk-up.

In their design statement, <a href="https://www.urban.com.au/architects/bureauproberts">Bureau Proberts</a> highlighted that 15 Cunningham Avenue acknowledges a suburb in transition.

"A place where Queensland coastal living has thrived for a century, Main Beach has been at the forefront of Gold Coast growth, evolving from humble holiday homes to high-rise apartments. Today, Main Beach continues to embrace contemporary influences, with carefully planned multi-residential developments seeking infill sites to increase density while preserving the area’s local character and charm."

Bureau Proberts further noted that 15 Cunningham Avenue aims to introduce something fresh to Main Beach’s well-established coastal density.

"The building’s glass envelope reflects Queensland’s vernacular, offering transparency where maximum exposure is needed, and shelter where refuge is desired. In doing so, it embodies the ‘evolving’ Gold Coast—acknowledging its place and neighborhood context, while still establishing a distinctive presence within the skyline of this iconic location." 
 
<img alt="15 Cunningham Avenue, Main Beach" data-entity-type="file" data-entity-uuid="007ddcdf-aee8-48e9-940a-15ac8934d037" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Cunningham%20podium.png?VersionId=5qFIObDG6yKh5bQswFA7Q_eRnw8cPdaL" />

The tower will sit next door to&nbsp;<a href="https://www.urban.com.au/buildings/the-monaco-main-beach-2-4-macarthur-parade-main-beach">The Monaco</a>, which sold out during the pandemic with an average sale price of $4.6 million. There have been resales in the building since its 2024 completion north of $8 million.

GDI will no doubt be looking to handle the build themselves, having brought construction inhouse for <a href="https://www.urban.com.au/new-apartments/drift-residences-16-18-hughes-avenue-main-beach">Drift Residences</a>&nbsp;after the collapse of GCB Constructions.

At the time Gallagher said GDI had assembled a top-tier line-up with a proven track record in the industry to deliver the rest of the building.

"It's a formidable team," Gallagher says.

Drift Residences, nearing completion, will comprise 46 apartments across 31 levels at 16-18 Hughes Avenue, Main Beach. GDI just set a record at Drift, selling a full-floor apartment for $11,995,000, a record for a non-penthouse sale in Main Beach.

15 Cunningham Avenue, Main Beach

Apartments

Estimated completion date

Buildings

More about “15 Cunningham Avenue, Main Beach”

Location of 15 Cunningham Avenue, Main Beach

You may also like

News about 15 Cunningham Avenue, Main Beach

City Beat April 2025: Gold Coast unit market continue to grow, but gains slow

First look: GDI Group plot two-level apartments in Main Beach

The latest real estate & off the plan properties & news, delivered to your inbox.

Developments

New apartments

New townhouses

News

The latest real estate & off the plan properties & news, delivered to your inbox.