City Beat April 2025: Off the plan activity jumps as Gold Coast units continue growth cycle
Unit values in the Gold Coast are continuing to grow in 2025.
The latest Home Value Index by Cotatlity (formerly CoreLogic), shows another month of growth in the local unit sector, with values rising 0.7 per cent in April.
Over the rolling quarter, unit prices have increased by 1.8 per cent, reaching a new median high of $849,000. Over the past 12 months, values have risen by 6.3 per cent, reflecting sustained demand and market confidence.
While many national property markets are now benefiting from a declining interest rate environment, the Gold Coast has remained relatively resilient throughout the high-rate cycle. The region’s strong performance has been underpinned by its lifestyle appeal, limited supply of new housing, and continued interstate migration—factors that have consistently supported price growth.
With further interest rate cuts expected, market fundamentals suggest the Gold Coast property market is well-positioned to continue its growth.
What happened in Gold Coast’s off the plan apartment market in April?
There was plenty of momentum in the Gold Coast’s off the plan apartment market in April, with a surge of new construction starts, tower releases, and planning applications up and down the coast.
Developers continued to target the high-end, owner-occupier market, as well as lifestyle-driven buyers seeking resort-style amenities and beachfront access.
One of the most high-profile launches of the month was Pescado, a boutique Palm Beach apartment development from international DJ Paul Fisher and his wife, Chloe.
The $50 million project, designed by BDA Architecture, will comprise just seven ultra-luxury residences, including a two-level penthouse that the Fishers plan to call home.
Featuring wave-like façades and organic interiors, Pescado is a deeply personal project for the couple and brings a fresh, creative energy to Jefferson Lane.
Each three-bedroom, three-bathroom home will feature expansive open-plan layouts, high-end finishes, and seamless indoor-outdoor living.
Designed with an emphasis on wellness, functionality and meaningful social spaces, the residence features a resort-style pool, gym, cold plunge, BBQ, and dining areas, encouraging a balanced lifestyle.
Read more: DJ Fisher launches Pescado luxury Palm Beach apartment development
Last month Morris Property Group released the second tower at its popular Broadbeach apartment development, Crest Broadbeach.
The new two and three-bedroom apartments, priced just under $1.2 million, are already under construction by Morris' inhouse building arm.
Crest sits in a prime pocket on Armrick Avenue, opposite Broadbeach Park and just steps from community landmarks like the Broadbeach Bowls Club.
Read more: Morris releases second tower at Crest Broadbeach after tower one sales success
Lewis Land also released the next stage of Harbour Shores, their new Gold Coast development, in April.
The new release, Palm House, is a seven-level building with just 60 apartments.
All apartments are designed with coastal tones and organic materials, while the broader precinct is targeting a 6-Star Green Star rating, with a strong focus on sustainability.
Palm House residents will have access to a 25m lagoon pool, tennis courts, a yoga studio, waterfront boardwalks, and a social clubhouse.
Read more: Lewis Land unveils Palm House, Harbour Shores latest stage
The biggest milestone to reach in the construction industry is construction commencement, a feat which builder-developer McNab celebrated in April at its Surfers Paradise apartment development, Elements.
Elements will home 87 large-scale apartments across a 28-level tower in Budds Beach—the first project in the area in over a decade.
Over 65 per cent of apartments have already been snapped up.
Read more: McNab breaks ground on Elements apartment tower at Budds Beach
In Burleigh Heads, construction also began on ONE Burleigh, an ultra-luxury development by local builder-developer MAYD.
Each of the 16 full-floor apartments will span up to 425 sqm, with floor-to-ceiling ocean views and prices starting from $8.85 million.
Nearly half of the project is already sold, reflecting strong demand for exclusive beachfront residences.
Read more: MAYD kicks off construction of ultra-luxury One Burleigh apartment development
In addition to the surge in new releases for buyers, the future apartment pipeline on the Gold Coast continued to grow in April.
Melbourne-based developer Hirsch & Faigen filed plans for Marbella Broadbeach, a 31-level, $240 million apartment tower with 100 residences and extensive wellness offerings.
The project marks the H&F's fourth Gold Coast venture, following the success of Hemingway at Palm Beach, Emerson at Kirra, and Yves at Mermaid Beach.
Read more: Hirsch & Faigen plots fourth Gold Coast apartment development, Marbella Broadbeach
One of the busiest individuals in the development industry on the Gold Coast is John Kearney, who heads up construction company Greyburn and developer Immerse Projects.
In April, Immerse filed for a new 14-level building in the heart of Kirra. The proposed development at Haig Street includes 105 apartments, with a diverse mix of two and three-bedroom floorplans designed to attract both downsizers and part-time residents.
The podium level will house a full suite of amenities, including a lap pool, gym, spa, work-from-home spaces, and children’s play area, underscoring the project's intent to create a balanced, multi-generational living environment close to the beach.
Read more: First look: Immerse Projects plan new apartments at Kirra Beach
A rare new development is heading for Miami where Monaco Property Group paid $70 million for the holiday resort Nalu.
They have since sought approval from the Gold Coast City Council for a new 46-apartment development, a collaboration between Koichi Takada Architects and BDA Architecture.
The new project, which will retain the name Nalu, will feature a central resort-style wellness zone that includes a pool, hammam, steam room, yoga area, and hot and cold plunge pools.
The design embraces the lush landscape and surf lifestyle of Miami, with expansive balconies and a building form that opens toward the ocean and blends naturally into the mountain backdrop.
Read more: First look: Monaco Property Group reveals plans for new luxury Miami apartment development
More immediate new offerings are on the horizon in Main Beach and Broadbeach.
Arena Property secured final approval for Belle Vie, a 28-level residential tower in Main Beach, in April. The project will include 72 apartments and multiple levels of lifestyle amenities, most notably a full-floor amenities level on Level 18 with a wine cellar, games room, library, and wellness hub featuring yoga and Pilates studios.
April also saw Polycell approved for its redevelopment of the former Voyager Resort on Broadbeach's Old Burleigh Road.
The new 59-level tower will deliver 130 apartments, along with premium wellness facilities and a private resident-only Club Lounge on Levels 38 and 39.
The new tower builds on the success of Polycell’s first Gold Coast project, The Rochester, and affirms the developer’s growing footprint in the region.
Read more: First look: Polycell approved for next Broadbeach apartment development
