Gold Coast Development Market Goes From Strength To Strength

Gold Coast Development Market Goes From Strength To Strength

March 2017
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Gold Coast Development Market Goes From Strength To Strength

With new infrastructure projects, a popular pro-growth Mayor and suite of international events booked for the coming months and years, the Gold Coast has undoubtedly become one of the most sought after destinations for developers eager to explore new opportunities outside of the traditional Melbourne and Sydney markets.

Within the past month, an extraordinary number of both development approved and development potential projects have been listed on Development Ready, with those within the Inner-Southport and surrounds typically comprising medium-density apartment opportunities, whilst further out in suburbs such as Robina and Coomera are seeing larger-scale land subdivisions being released.

Depending upon who you speak to, growth and business sentiment is rapidly moving toward Pre-GFC levels, and in some instances beyond, whilst median values of properties have risen to become $580,000 for houses and $380,000 for units according to CoreLogic.

The enviable lifestyle on offer across the Gold Coast, combined with booming tourism numbers and a growing appetite amongst new digital, retail and hospitality businesses has led to a revitalisation of the regions' fortunes in recent times.

Below is a shortlist of unique Gold Coast development opportunities currently available across the Development Ready platform;

36 Commerce Drive, Robina

Positioned on a landholding of 1,050sqm, Commerce Drive offers a mixed-use development of fifteen apartments plus office and commercial food premises, all within close proximity to major amenities including Bond University and Robina Town Centre.

34 Orchid Avenue, Surfers Paradise

In the heart of Australia’s premier Beach Resort City of Surfers Parade, 34 Orchid Avenue presents as an outstanding investment opportunity to develop a twenty-five level tower with street level retail, sixty six apartments and basement car parking (subject to approval).

This high profile 473sqm site is within 100m of the central, Cavill Avenue retail strip and within easy walking distance to the famed Surfers Paradise beach.

2 Twenty Third Avenue, Palm Beach

Offering current net income of $160,000 pa, 2 Twenty Third Avenue presents as a freehold block of six contemporary apartments on a prized 817sqm North-East corner position, boasting absolute beach frontage and enormous re-development potential for either a multilevel apartment complex or resort development (STCA).

95 & 97 High Street, Southport

A landmark development in the heart of Australia’s rapidly evolving Gold Coast, ‘Eloquence’ boasts development approval for two hundred residential apartments with a mix of fifty eight, one bedroom units, one hundred and sixteen two bedroom units, and twenty six, three bedroom units - offering a complementary mix of apartments that appeals to a broad buying pool of professional couples, retiree’s, holiday home seekers and investors.

31 Grant Avenue, Hope Island

This substantial 8,522sqm landholding boasts submitted council plans for one hundred and twenty apartments across a three stage waterfront development, featuring a unique, luxury design and an enviable location that takes advantage of the ever-popular Hope Island precinct whilst also being within minutes of the broader Gold Coast CBD.

To view the latest opportunities across Gold Coast and Queensland, please click here.

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