City Beat February 2025: Gold Coast property market continues upward trajectory
The unit market on the Gold Coast shows no signs of slowing down.
After a brief cooling in December, where the market remained flat, 2024 still saw values climb by more than nine per cent.
The Gold Coast unit market kicked off 2025 strong, with a 0.5 per cent gain in January. CoreLogic’s Monthly Index for February revealed further growth of 0.6 per cent, pushing the median unit value on the Gold Coast to $832,000.
House values have followed a similar trajectory, with a 0.7 per cent rise in February. The median house value on the Gold Coast is $1.2 million.
The growth in Gold Coast property market aligns with national trends, as February saw a reversal of the short-lived housing downturn.
Although the national index increased by just 0.3 per cent, regional housing markets, including the Gold Coast, continued to outperform capital cities.
CoreLogic’s research suggests that this growth is being driven by improved buyer sentiment, spurred by expectations of lower interest rates and a slowdown in new property listings.
What happened in Gold Coast’s off the plan apartment market in February?
Sentiment in the Gold Coast off the plan property sector remained strong in February.
Although slightly softened from its 12-month highs in January, interest in new projects on the Gold Coast remained elevated in February, surpassing levels seen throughout most of 2024.
In February, views of projects in Surfers Paradise reached a new 12-month peak, surpassing even January’s numbers, reflecting continued strong demand in the heart of the Gold Coast.
While the market remained robust, February was a relatively quiet month in terms of updates.
The biggest news came from Broadbeach where Bassar Group lodged plans for a new 33-level tower, Avva, on Anne Avenue.
Avva, the Greek translation for Anne which reflects the heritage of Bassar Director Leo Sarris, will feature a range of amenities on the podium levels, from a lap pool with day beds to a wellness area with a gym, yoga deck, hot and cold plunge, and a sauna and steam room.
Sarris said the conditions are right for their next installment of luxury in Broadbeach.
"We're excited to announce the next Bassar tower following on from Infinity which sold out before construction completion," Sarris says. They've kept the same design team, with BDA again on board.
Read more: First look: Bassar Group plot next Broadbeach tower
Broadbeach is always the most popular suburb on Urban for new apartments. Bringing more timely supply to the market in Febraury was Amalgamated Property Group, who officially launched Affinity, their 39-storey development on Chelsea Avenue.
It's the first new development in Broadbeach to hit the market fresh in 2025.
Featuring 180 two and three-bedroom apartments, Affinity aims to attract owner-occupiers with spacious floor plans, coastal views, and an extensive range of amenities, including a heated outdoor pool, gym, and private dining areas.
Construction is expected to commence in the second quarter of 2025.
Staying within the centre of the Gold Coast but on its fringe is Capri Villas. In February, developer Monaco Property Group released the final stage of the gated community on the Isle of Capri, with construction progressing towards mid-2025 completion.
Offering something different to the new development market on the Gold Coast, Capri Villas offer low maintenance living while retaining that feeling of living in a house.
The three and four-bedroom villas are spread across a 12,000 sqm community behind a secure gate only accessible by residents and its guests. Once inside the gates, it feels like an American country club, with private roads leading to the villas.
Located in Isle of Capri, the boutique development has been well received by buyers seeking waterfront living.
Read more: Final release at Capri Villas as construction speeds toward mid-2025 completion
