City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Following another strong year for the Gold Coast unit market, values look like they are going to continue to rise in 2025.
CoreLogic's Monthly Home Value Index reveals that units—comprising both apartments and townhouses—rose by 0.5 per cent in January, building on a nine per cent growth in 2024.
The median unit value on the Gold Coast has now reached $829,000. If compared to capital city unit markets, it would only sit behind Sydney's median ($857,000).
What happened in Gold Coast’s off the plan apartment market in January?
It was a strong start to the year in the Gold Coast off the plan apartment market.
While there was little movement in terms of new projects either launching or going through the apporval process, demand for off the plan apartments is approaching 12-month highs.
Enquiry in January 2025 was at its highest point since February 2024, led by increased demand in the likes of Coolangatta, Biggera Waters, and Runaway Bay.
Interest in Runaway Bay was sparked by the launch of Aqualis, just 18 luxury three and four-bedroom apartments on Oatland Esplanade, capitalising on the suburb’s limited supply of new apartments.
Designed by XL Architecture, Aqualis apartments offer expansive living spaces with floor-to-ceiling glass windows and doors, ensuring uninterrupted views over the Broadwater.
The development will also have a swimming pool, gym with sauna, and a residents-only marina with 12 berths and additional jet ski docks.
Harbour Shores has continued to lead buyer enquiry in Biggera Waters as the suburb's only new development.
Holm Rainbow Bay by Chapter Two has dominated enquiry in Coolangatta. The development, under construction by Groupline, comprises just 87 apartments on Eden Avenue with a rooftop pool looking across Rainbow Bay.
Buyers have jumped at the $1.5 million two-bedroom apartments, as well as as the $3.25 million three-bed apartments.
January saw more than just a surge in enquiries; views of Gold Coast projects hit an 18-month high, driven by both local and interstate buyers.
Surfers Paradise experienced a notable rise, with project views reaching a 12-month peak.
The next development to launch in Surfers Paradise is Exhale by Siera, the developer’s third Gold Coast project in as many years.
Exhale, ideally located on Enderley Avenue just off Northcliffe Beach, will feature 54 apartments in a striking building designed by BDA Architects.
In terms of buyer interest, the $1.5 million to $2 million price range was the most popular in January 2025, with enquiries nearly doubling the 2024 average in this bracket.
The $2 million to $2.5 million range also saw its highest level of activity in the past 12 months.
