The Gold Coast has recorded the strongest unit price growth in the country over the past five years.

According to the latest data from Cotality, the median unit value on the Gold Coast is now just under $850,000. If compared to capital city median prices, it would rank second only to Sydney, where the median sits at $855,000.

However, the style of new apartment developments is pushing many buyers out of the market, with few projects offering homes under the $1 million mark. When they do, these more affordable options are typically the first to sell.

For buyers with budgets below $1 million, acting quickly is essential.

We’ve rounded up the best new apartment developments on the Gold Coast that still offer apartments priced under $1 million.

&nbsp;

&nbsp;

<h2>What: Harbour Shores</h2>

<h3>Where: Biggera Waters</h3>

<h3>Who: Lewis Land</h3>

Palm House, the latest release at Lewis Land's multi-stage masterplan <a href="https://www.urban.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters">Harbour Shores</a>, has apartments on offer from $990,000.

Palm House builds on the momentum of the first stage of the&nbsp;<a href="https://www.urban.com.au/developments/biggera-waters-qld-4216" target="">Biggera Waters</a>&nbsp;community, which is already under construction and over 50 per cent sold.

[smartcode_project:default project_id=113271 project_image_fid=336743]

Palm House introduces an exclusive collection of just 60 two and three-bedroom apartments across a seven-level building. The homes will feature open-plan interiors, expansive balconies, and contemporary finishes.

Residents of the new release will enjoy full access to&nbsp;Harbour Shores’ unmatched suite of resort-style amenities. The community will boast a 25-metre lagoon pool, a state-of-the-art gym, yoga studio, sauna, tennis courts, and an expansive 1.2km waterfront boardwalk.&nbsp;

[smartcode_project:default project_id=113271 project_image_fid=290031]

For families and outdoor enthusiasts, The Green parklands and a network of walking and cycling paths provide abundant green space to relax and play.

The Clubhouse, a social hub with indoor-outdoor entertaining spaces, will anchor community life, while on-site cafés and eateries, as well as proximity to Harbour Town Premium Outlets, ensure day-to-day convenience.

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&nbsp;

<h2>What: Villea Palm Beach</h2>

<h3>Where: Palm Beach</h3>

<h3>Who: Abadeen</h3>

National developer <a href="https://www.urban.com.au/developers/abadeen-group">Abadeen</a>'s debut Gold Coast apartment development, <a href="https://www.urban.com.au/new-apartments/villea-palm-beach-26-mawarra-street-palm-beach-qld-4221">Villea</a>, comes in with generously-sized two-bedroom apartments under $1 million.

The Palm Beach project, just 400 metres from the sand, is well under construction and will see its buyers move in well before Christmas. It features 69 two and three-bedroom apartments designed for owner-occupiers and downsizers.

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[smartcode_project:default project_id=106840 project_image_fid=336441]

Designed by&nbsp;<a href="https://www.urban.com.au/architects/bda-architecture" target="">BDA</a>&nbsp;Architecture, the eight-level building will maximize natural light in each apartment. The apartments will feature kitchens with premium stone benchtops, central islands, and integrated Fisher &amp; Paykel appliances.

Additionally, each apartment will have balconies off the kitchen, living, and dining areas, offering either ocean or hinterland views.

[smartcode_project:default project_id=106840 project_image_fid=336442]

Villea will also feature a resort-style pool, gym, barbecue area, and a convenient boutique retail strip at street level.

<h2>What: Corallo</h2>

<h3>Where: Palm Beach</h3>

<h3>Who: Changfa</h3>

Another Sydney-based developer, Changfa, is offering apartments under $1 million in Palm Beach.

Changfa, who has previously developed Lyra on Hope Island among several projects in Sydney's inner ring, has recently launched&nbsp;<a href="https://www.urban.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-qld-4221">Corallo</a>, where one-bedroom apartments start from $715,000.

Corallo, on the corner of Palm Beach Avenue and the Gold Coast Highway, has been designed by Plus Architecture and will comprise around 113 one, two and three-bedroom apartments across a 21-level building.

&nbsp;

<img alt="Corallo" data-entity-type="file" data-entity-uuid="f8173b9d-1c8d-4b27-9d75-f5b377487de6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-26%20at%201.28.28%E2%80%AFPM.png?VersionId=967vcmMqsBbjuVU7DDB8wDr_VXi2n2cd" />

The second level of the building will home a swimming&nbsp;pool, cold plunge, steam room, sauna, gym, yoga space, fire pit, and barbecue and dining areas.

There will be a retail and dining precinct and street level.

<h2>What: Tapestry</h2>

<h3>Where: 39 Darrambal Street, Chevron Island QLD 4217</h3>

<h3>Who: SIERA</h3>

The remaining apartments at&nbsp;<a href="https://www.urban.com.au/new-apartments/tapestry-chevron-island-39-darrambal-street-chevron-island">Tapestry</a>&nbsp;on Chevron Island start at just $9,000 over the $1 million threshold, so they just sneak into this list.

The 113 apartments, currently under construction by SIERA's in-house construction arm, have been designed by BDA for the owner-occupier looking for&nbsp;proximity to cultural and lifestyle amenities, such as the HOTA precinct, local cafes, and the Gold Coast beachfront.

[smartcode_project:default project_id=108641 project_image_fid=192961]

The residences feature floor-to-ceiling glazing, open-plan interiors, and premium finishes including European appliances and timber flooring. Outdoor areas are shaped by curved balconies designed to make the most of surrounding views.

The amenity is geared toward the rooftop, where there will be a pool, gym, sauna, coworking space, and communal gardens.

We’ve rounded up the best new apartment developments on the Gold Coast that still offer apartments priced under $1 million

Joel Robinson

What $1 million can buy you in the Gold Coast's new and off the plan apartment market

Over half of the apartments in SP Setia's Atlas skyscraper have been snapped up before the project launch.

The new tower, at the northern end of La Trobe Street, has been designed by Cox Architecture and Fender Katsalidis and is Setia's&nbsp;fourth project in the CBD, following the success of Sapphire by the Gardens, UNO Melbourne, and Fulton Lane.

The heritage-listed wall of the former Royal Mint forms the backdrop to the contemporary porte-cochere, forming a striking contrast to the 72-level tower.&nbsp;

Atlas will feature&nbsp;852 apartments, from studios through to three-bedroom residences, starting at $410,000.

<img alt="Atlas Melbourne" data-entity-type="file" data-entity-uuid="f4c50513-ae45-4149-8ca6-0e94dec0e373" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240925_Level%2072_Library.jpg?VersionId=LCAlVvC3OQ0j6fzz4NzrS998OXBSfCqW" />

Tim Storey, Managing Director, Victoria | Residential at Colliers, said Atlas is a very rare proposition.

“Atlas is the last building in this pocket of the city to be granted a permit for this volume of units, as the permit was obtained back in 2017. Since then, new height restrictions have come into effect, and no other super-skyscrapers of this size will be built in the CBD.”&nbsp;

He says the reason they have been able to sell more than half of the apartments in a short amount of time is that the development ticks all the boxes.

"Not only is the location right, the amenities are right, the design is right, but most importantly, the product is right.&nbsp;The development also caters to a wide range of buyer profiles. We haven’t seen many studio &nbsp;apartments in recent new developments, but as a way to address affordability and the growing &nbsp;demand for city living, the development will house 189 studio apartments, which are already sold out, and we now have a waiting list.”&nbsp;

The tower is divided into three bespoke residential offerings: Garden Residences on levels 1-7, &nbsp;Horizon Residences across levels 9-49, and Sky Crown Residences on levels 50-70.

<img alt="Atlas Melbourne" data-entity-type="file" data-entity-uuid="0e937e56-e4b7-400f-b950-886752d79883" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/240917_Pool%20view%20level%208_0.jpg?VersionId=uMoDCs2t1JvMXwVtxiYZB.8V8.0gEZEc" />

Philip Rowe, Director at Cox Architecture, said throughout the building, there are strong connections to nature and greenery.

“It’s a vertical village that includes the Sky Club on levels 71 and 72, and the Horizon Collective on levels 42, which features a music room, cinema, &nbsp;game area, karaoke lounge, terrace, and more. Level 8 is dedicated to a Wellness Club, offering a gymnasium, spa, sauna, pool, and open green space."

&nbsp;

Construction is set to commence in Q3 2025, with completion expected to take place in mid-2029.

[smartcode_project_cta:default project_id=148772]

Construction of Atlas is set to commence in Q3 2025, with completion expected to take place in mid-2029.

Half of apartments snapped up in Setia's Atlas Melbourne skyscraper

Sherpa Property Group is continuing to service an untapped market of affordability in Palm Beach with its new Flourish brand.

Following the success of Flourish on Sixth, its first price-pointed development that offered one-bedroom apartments for under $600,000, a rarity in the current market, the burgeoning developer has confirmed its next Flourish play.

They've secured a 1,800 sqm site on the corner of 1150-1154 Gold Coast Highway and 3 Sixth Avenue, the old Palm Beach Cash Converters, which is across the road from Flourish on Sixth.

The new development, <a href="https://www.urban.com.au/new-apartments/flourish-ovana-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Ovana</a>, will offer 102 one-, two-, and three-bedroom apartments.

<img alt="Flourish" data-entity-type="file" data-entity-uuid="36fc64a3-bfe7-4dc0-a023-e61bdffd7b26" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-23%20at%2011.16.20%E2%80%AFAM.png?VersionId=EO.BS6av91ptjk.7YZmenHPgLNzl9RsY" />

Sherpa Property Group Founder Christie Leet said the recent lodgment of the new Flourish site signals the next chapter for the developer’s ongoing vision to create accessible, community-focused residential apartments on the southern Gold Coast.

“Following the success of Flourish on Sixth, we are extremely excited to unveil plans for another site in Palm Beach that continues the Flourish legacy," Leet said.

"We are particularly proud of the product typologies and unit mix which, amongst others, allow first-home buyers to get a foothold in the market."

Leet says Sherpa's focus is on&nbsp;building connected communities and delivering exceptional living experiences.

"This new project gives us the opportunity to extend our vision, ensuring Flourish Ovana integrates seamlessly with Flourish on Sixth. Our vision for Flourish Ovana is to cater to a broad market – from first-home buyers and local rightsizers to savvy investors – without compromising on quality or livability.

“Palm Beach is a vibrant and rapidly evolving coastal hub, and we’re proud to be playing a role in delivering high-quality housing at an ideal entry price point.&nbsp;Our commitment is to address housing affordability while promoting long-term well-being through supportive, integrated communities.”

Residents will have access to resort-style amenities, including a rooftop pool, wellness spa, gymnasium, and recreation areas, as well as a large retail space available to the Palm Beach community on the ground level.

“The ground floor retail offering will be a game-changer for Palm Beach, bringing everyday convenience to the heart of the community whilst delivering streetscape renewal and activation," Leet added.

<img alt="Sherpa" data-entity-type="file" data-entity-uuid="76f438f1-45b1-48ca-918a-e833a4630aeb" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-05-23%20at%2011.16.15%E2%80%AFAM_0.png?VersionId=SfV1qX7MJfhF2TO5CqaKa1ZNB6TEu8Pc" />

This latest project represents a significant step in Sherpa’s growth strategy, further strengthening the company’s footprint in Palm Beach, where it has successfully delivered three projects over the past three years with two more under construction, including the highly anticipated Flourish on Sixth and Perspective Nexus.

With a current workbook valued at over $1 billion, Sherpa Property Group is cementing its status as a significant player in the South East Queensland development landscape, with a growing portfolio of residential and mixed-use projects across the Gold Coast and beyond.

Sherpa aims to launch Flourish Ovana later this year, pending council approval.

Sherpa aims to launch Flourish Ovana later this year, pending council approval

Sherpa expands Palm Beach footprint with Flourish Ovana plans

Leading Australian developer <a href="https://www.urban.com.au/developers/toga-group">TOGA</a> has brought Harris Farm to their award-nominated mixed-use development, <a href="https://www.urban.com.au/buildings/wicks-place-marrickville-186-victoria-road-marrickville-nsw-2204">Wicks Place</a>, in the heart of Sydney’s Inner West.

Bringing the fresh fruit and grocery retailer’s signature market-style deli to Marrickville, the opening was celebrated through a custom mural by Sydney-based artist Nico Nicoson, whose vibrant work previously featured in Harris Farm’s Redfern store in TOGA’s Surry Hills Village development. The mural captures the soul of Marrickville through colour, community and creativity – highlighting the unique identity of the area.&nbsp;

[smartcode_project:default project_id=27691 project_image_fid=328315]

This is the third Harris Farm to feature at a TOGA development, alongside TOGA’s iconic Surry Hills Village and Bondi Boheme. The newly opened retailer is the primary tenant of Wicks Place, bringing its iconic range of fresh fruit and vegetables, deli products from around the world, and the much-loved Imperfect Picks range, which saves quirky but delicious produce from waste to the Marrickville community.

Stretching across 1,825 sqm, the store is nestled between hospitality retailers Chargrill Charlies and Zambero, on the ground floor of TOGA’s Wicks Place.

[smartcode_project:default project_id=27691 project_image_fid=328319]

Being a finalist for The Urban Developer award for Development of the Year – High-Density Residential (200+) 2025, TOGA’s Wicks Place is the first residential development in the transformation of Marrickville’s Victoria Road Precinct, delivering 270 apartments across five buildings, with ground floor retail that overlooks Wicks Park.&nbsp;

With only five two-bedroom apartments left, buyer sentiment has been overwhelmingly positive. As the precinct continues to come to life with the opening of Harris Farm, this is the last chance to buy into what Time Out has identified as one of the top 10 coolest suburbs in the world.

[smartcode_project:default project_id=27691 project_image_fid=308947]

Paul Shaw, Executive General Manager at TOGA Group said, residents and locals alike are responding well to the new store.

“Wicks Place has been forged from the eclectic community of Marrickville, and to see the positive response from residents and locals alike to the opening of our key tenant, Harris Farm is fantastic," Shaw said.

"The new supermarket adds to the expansive offerings seen at the precinct and the area, from sprawling parks, warehouse-style bars, and boutique retail alongside bustling restaurants and exciting live music - residents are loving the new addition with demand high for the last remaining apartments.”

[smartcode_project_cta:default project_id=27691]

Stretching across 1,825 sqm, the store is nestled between hospitality retailers Chargrill Charlies and Zambero, on the ground floor of TOGA’s Wicks Place

TOGA’s Wicks Place brings Harris Farm to Marrickville

National developer Frasers Property Australia understands the importance of creating places that go beyond housing.

After more than a century of delivering spaces for Australians to live, Frasers Property has mastered the art of building community. Not only are they a key contributor to Australia’s housing supply, but their community-first approach sets them apart. They invest just as much thought into how people will live within the communities they develop as they do in designing the homes themselves.

When they secured a 26-hectare former industrial site in Yarraville, their approach was no different. The vision: a new neighbourhood called Bradmill Yarraville, which will eventually comprise around 1,500 new homes, pending future approvals.

The first stage of Bradmill Yarraville—44 all-electric townhouses designed by renowned architecture firm Rothelowman—is fast approaching completion, with buyers expected to move in before Christmas 2025.

[smartcode_project:default project_id=134727 project_image_fid=311186]

A key pillar of Frasers Property's strategy is a strong focus on lifestyle and amenity. Rather than treating facilities as an afterthought or cost-cutting casualty, they were central to the design process from the outset. With a future population of over 3,000 residents, they knew the amenity offering needed to be both generous and meaningful.

[smartcode_project:default project_id=134727 project_image_fid=311286]

At the heart of the masterplan is Bradmill Quarter, the central hub of the neighbourhood that will seamlessly blend retail, wellness, and community spaces in a walkable, well-connected setting. The Bradmill Quarter Retail Precinct will feature a major supermarket, a childcare centre, a medical centre, and a curated mix of 15 specialty stores.

Complementing the retail is an alfresco dining zone that flows into The Arbory—a landscaped urban plaza designed for play, relaxation, and social connection. This central gathering space is a key expression of the development’s mission to foster authentic community interaction.

[smartcode_project:default project_id=134727 project_image_fid=311275]

Also anchoring the precinct is Bradmill Social, a flagship lifestyle and wellness destination housed within the site’s historic industrial buildings. Bradmill Social consists of two distinct components: The Proofing Building and the adjacent Boiler House.

The Proofing Building is being transformed into a full-scale wellness centre, complete with a fully equipped gym, pool, sauna, spa, yoga and Pilates studios, barbecue areas, and a basketball half-court.

[smartcode_project:default project_id=134727 project_image_fid=311280]

Next door, The Boiler House—a local landmark visible from the West Gate Freeway—is being reimagined as a dynamic lifestyle venue. It will feature a cinema, media rooms, co-working spaces, children’s play areas, private dining and lounge rooms, bookable family event spaces, a community garden, and even dog-washing stations—truly making it a one-stop hub for all aspects of community life.

[smartcode_project:default project_id=134727 project_image_fid=311292]

Crowning The Boiler House will be the Lantern Lounge, a rooftop entertainment space for both dining and cocktail events with extensive views of the city skyline and over Port Phillip Bay.

[smartcode_project:default project_id=134727 project_image_fid=311270]

In addition to housing and amenity, Frasers Property understands the vital role of nature and landscaping—not only for future residents but also as part of the company’s broader sustainability objectives.

A green corridor of open space will thread through the precinct, connecting to McIvor Reserve and forming part of a larger 26-hectare parkland network. This abundance of green space will enhance the overall quality of life, offering residents places to unwind, exercise, and engage with nature.

[smartcode_project:default project_id=134727 project_image_fid=311283]

The amenity offerings across the precinct will be delivered in stages over the next six years, with the Bradmill Quarter Retail Precinct currently scheduled to open in 2029.

[smartcode_project_cta:default project_id=134727]

The amenity offerings across the precinct will be delivered in stages over the next six years, with the Bradmill Quarter Retail Precinct currently scheduled to open in 2029

Should the 92 level Eureka Tower remain Melbourne's tallest skyscraper monument?

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