City Beat March 2025: Gold Coast unit market continue to grow, but gains slow
The value growth in the unit market on the Gold Coast 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 Gold Coast 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.
What happened in the Gold Coast’s off the plan apartment market in March?
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 Helensvale.
The new release, Lakeside Serenity 4212 Waterfront Villas, comprises just 16 absolute waterfront homes, each with direct water access and a private pontoon.
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.
“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.”
Resort Homes is well advanced in construction of the homes, which will be ready for occupancy in Q3 2025.
Construction is also gathering steam at DD Living's popular Burly Residences 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.
Designed by renowned Japanese architect Koichi Takada with interiors by MIM Design, 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.
Gowdie Management Group is handling the construction of Burly Residences and is expecting to complete the build in 2027.
Read more: Construction commences at Devine's luxury Burleigh tower, Burly Residences
The pipeline of new apartments was also topped up in March. The most impressive plans came from Main Beach where GDI Group is planning a luxury apartment development on Cunningham Avenue.
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.
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: First look: GDI Group plot two-level apartments in Main Beach
Another builder-developer, the Brisbane-based BPG Developments, also has a new project on the horizon.
They are planning a return to the Palm Beach with a 14-level tower on a double-block site across the Gold Coast Highway and a prized entry from Jefferson Lane.
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 Plus Architecture, the project draws inspiration from Queensland’s coastal vernacular.
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: First look: BPG Developments returns to Palm Beach new apartment market
