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A brand new improvement deliberate for completion in Paradise Level and priced from $4.49m
Luxurious flats have changed sprawling mansions because the Gold Coast’s official trophy residence, with costs for brand spanking new status items surging by 88 per cent over the previous 5 years.
A brand new report by McGrath Analysis reveals rich consumers, dubbed “rightsizers”, had been fuelling a neighborhood growth within the sector, far outperforming the established status condo market which was up 33.4 per cent over the identical interval.
The Coast’s luxurious property market additionally outshone its metropolis counterparts, with Brisbane recording a 60 per cent spike in new status flats, whereas Sydney and Melbourne trailed behind at 43.3 per cent and 32.2 per cent respectively.
McGrath Property Brokers director John McGrath. Image: John Feder
McGrath CEO John McGrath mentioned the shift away from conventional suburban builds had reshaped the market.
“Status flats have been the strongest market section in the previous couple of years as high-net-worth people select luxurious, safety and way of life in flats over homes,” Mr McGrath mentioned.
“Demand has elevated dramatically as luxurious flats have gone to an entire new degree in design, finishes and facilities.”
Gold Coast flats additionally overtook the Sunshine Coast to say the best median costs within the state, led by Paradise Level and Fundamental Seaside at $1.7m.
Bastion Property Group’s newest luxurious improvement, the $160m Nera Residences
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The surge was pushed by builders radically shifting their designs to accommodate cashed-up consumers who needed house-sized proportions near the seashore.
Forty-five per cent of Gold Coast flats constructed between 2023 and 2025 had three or extra bedrooms, up from 17 per cent from 2017 to 2019.
These flats common in dimension from 179 sqm, forecast to extend to 190 sqm by 2028.
The native growth is a part of a broader development that has seen Queensland outpace the southern states, whereas the variety of status flats bought throughout Australia in 2025 tripled during the last decade.
Queensland claimed 43 per cent of the east coast market in 2025, adopted carefully by NSW (41 per cent), then Victoria (16 per cent).
Le Reve is one in all Fundamental Seaside’s most luxurious new condo initiatives, with full-floor residences priced from $16.1m
“Southeast Queensland has grow to be the favoured location for a lot of on the lookout for luxurious condo dwelling as pristine seashores and rivers grow to be good backdrops for stunning buildings. The strongest demand has been for prime areas with quick access to main cities as most consumers in these flats are nonetheless dwelling very lively and vibrant lives,” Mr McGrath mentioned.
McGrath nationwide head of analysis Michelle Ciesielski warned builders needed to proceed elevating the bar to justify the staggering worth factors required to make initiatives possible whereas construct prices remained excessive.
“Many rightsizers are seasoned international travellers, shaping their expectations for facilities of their new residence based mostly on luxurious lodge experiences,” Ms Ciesielski mentioned.
“Australia has an extended approach to go and builders should get this steadiness proper given the extra aggressive market.”
McGrath head of analysis Michelle Ciesielski. Pic: John Feder
