Low supply and high demand for prestige real estate was the mainstay of the Gold Coast’s southern beaches market in October.

Demand for luxury residences surpassing $5 million ramped up after the winter months from local and interstate buyers, typically over the age of 50, on the hunt for primary and secondary residences in highly desirable beachside suburbs.

Kollosche lead agent and southern beaches specialist Troy Dowker says blue-chip homes delivered to an exceptional standard in premier beachfront, beachside and waterfront locations are most in demand by these astute buyers seeking to boost their property portfolios.

Interstate buyers are particularly aware of the convenience of these suburbs which are close to key transport hubs such as the Gold Coast Airport at Coolangatta and the M1.

The sale of a contemporary coastal apartment in the Lusso building at 201/32-34 O’Connor Street, Tugun, illustrates the demand for luxury properties. A comprehensive marketing campaign generated 149 enquiries and 70 inspections before Troy sold the property to an interstate buyer for an undisclosed price.

Positioned at North Kirra Beach, a beachside villa sold post-auction for $2,071,000. An interstate buyer secured the keys to the modern villa at 1/94 Pacific Parade, Bilinga, offering front-row access to panoramic coastal views.

Troy also sold a contemporary family entertainer with panoramic coastal views at 65 Skyline Terrace, Burleigh Heads, post auction to a local buyer after a strategic marketing campaign gleaned 72 enquiries and 36 inspections.

Despite the property market normalising, Troy expects the prestige sector of the southern Gold Coast market to remain resilient moving forward driven by high buyer demand relative to limited supply.

At a time when stock for luxury beachside homes is extremely tight, Troy and his team are excited to be able to present the following exceptional beachside properties to the market:

• 28 Woodgee Street, Currumbin This beautiful four-bedroom Queenslander dating from 1876 stands proud on an oversized block on Currumbin Hill. In the late 1920s, the home was cut into four and relocated from Brisbane on the back of a truck to its current location, which remains one of the largest parcels on tightly held Woodgee Street.
• 1/59 Teemangum Street, Currumbin On the market for the first time in 18 years, this tri-level duplex enjoys lush green vistas in a peaceful position just 200m from the golden sand and rolling waves of Currumbin Beach. The spacious floor plan is designed for a growing family.
• 301/88 Jefferson Lane, Palm Beach Located opposite the sand and surf of Palm Beach, this luxurious, laid-back apartment delivers uninterrupted vistas along the coastline. The north-east-facing residence sits three levels up in DAH Architecture’s contemporary ‘Sable on Palm’, a boutique beachside building completed in 2020.

The trust prestige homeowners have placed in Troy to sell their prized assets led him to recently be named as a finalist in the Residential Salesperson SEQ – Settled Commissions category at the 2022 REIQ Awards for Excellence.

With 19 years’ experience and an in-depth knowledge of the southern Gold Coast suburbs, Troy and his team are the best-placed to help you to understand the luxury beachside market. Reach out to the team today.