While the broader Gold Coast market was finding balance in 2025, one Gold Coast street was breaking records – again and again.  

Monaco Street in Broadbeach Waters produced four consecutive suburb price records in as many months, with properties selling for $15.51 million, $15.9 million, $16.5 million and in December, an off-market sale fetched $16.95 million. It remains the highest sale for the suburb. Prior to this, only three sales had edged past the $10 million mark.

But according to Kollosche sales agent Matthew Follent, who specialises in the street, last year’s numbers are only the beginning. 

With the conditions that drove the record results not likely to go away, the most compelling part in the Monaco Street story is still to come. 

Mr Follent says that buyer profiles offer some insight into the street’s recent success.  

“All of the top sales went to local buyers; two were already homeowners in the street,” he says. “Their motivation was to increase the footprint of their primary place of residence in a location they already knew would hold its value.”  

The Tax Advantage

The timing has proven astute. Considering recent Federal Budget tax changes, those acquisitions now carry a significant advantage in that, as principal places of residence, they remain exempt from capital gains tax.  

Mr Follent says the case for consolidating equity into a single, blue-chip family home is becoming harder to ignore.  

“A large Monaco Street holding that doubles as a family home could appreciate at the same rate as a portfolio of smaller properties, with far less tax exposure when it comes time to sell,” he says. 

On a street where supply is finite, land values are already commanding significant premiums.  

North-facing riverfront blocks are fetching around $6,000 to $7,000 per square metre, while west-facing blocks are achieving approximately $4,250 per square metre, with both on the cusp of further rises.  

“Smart buyers are looking to increase their exposure now,” Mr Follent says. “Properties with significant land content have always been a strong long-term investment, and Monaco Street is a prime example of that.”  

A Matter of Macroeconomics

Broader market conditions are also working in the street’s favour.  

With the Brisbane 2032 Olympics and its associated infrastructure pipeline accelerating, including public transport upgrades, Light Rail extensions and precinct revitalisation, the Gold Coast is maturing rapidly as a city.  

“From 2027, builders will shift their focus to large government infrastructure projects in the lead-up to the Olympics,” Mr Follent says.  

“That will make established residential homes increasingly difficult to replicate, and that scarcity will be reflected in prices.”  

Rise of the New Build

Adding further momentum is a new wave of luxury homes currently under construction on the street. When those properties come to market later this year, Mr Follent expects them to reset the benchmark once again.  

“The records that felt extraordinary last year will look different once these new builds land,” he says. “For anyone currently considering a riverfront acquisition, Monaco Street needs to be a serious part of that conversation.”

For more information on Monaco Street and the surrounding suburbs, reach out to area specialists Michael Kollosche and Matthew Follent.