Gold coast real estate: Southern beachfront surges: suburbs to watch

The Gold Coast is king when it comes to beachfront living but it is the up-and-coing suburbs in the south that will create ripples in the market this year, new data reveals.

THE Gold Coast is king when it comes to beachfront living but a new tide of up and coming suburbs is set to make waves this year, new data reveals.

While Mermaid Beach and Surfers Paradise are still the most expensive suburbs on the Glitter Strip, it’s the southern beachfront that’s predicted to boom throughout 2022.

REA Group data shows that houses in Coolangatta had the highest year-on-year growth in the state at 49.2 per cent, followed by Miami at 48.3 per cent.

Maddi Lacey on the deck of her family’s Coolangatta home at 31 Rutledge St. Coolangatta has experienced huge price growth over the past 12 months. Picture: Glenn Hampson

MORE NEWS: Gold Coast property: surge in inquiry as international border restrictions ease

Broadbeach Waters home designed for functional family fun

Gold Coast real estate: big sales keeping buyers on their toes

RBR Property Consultants agent Gavin Keith is marketing 31 Rutledge St, Coolangatta and said he had been inundated with inquiries since it launched earlier this week.

He said demand for houses in Coolangatta always outstripped supply with less than 200 houses in the suburb.

“It’s all about supply and demand,” he said. “There’s less than 200 houses in Coolangatta and they’re all so different.

“The suburb is also very popular because of its north-facing beaches and that village feel.”

31 Rutledge Street, Coolangatta.

Aerial view of 31 Rutledge Street, Coolangatta.

Mr Keith said the massive property growth had been predicted but the speed in which it happened had caught a lot of people off guard.

“It was probably always going to happen at Coolangatta with the size of the suburb and how popular it is,” Mr Keith said.

“We didn’t think it would happen that fast, though.”

The souther beachfront has psoted huge year on year jumps in values.

For Gold Coast units, it was Burleigh Heads, Currumbin and Bilinga that blitzed the field, posting huge year-on-year jumps in value at 45.5 per cent, 42 per cent and 37 per cent respectively.

David Stringer, principal of DJ Stringer Property Services, said buyers had woken up to the potential of the once sleepy southern beachfront.

“People have realised that the southern Gold Coast is such an attractive area,” Mr Stringer said.

“You’ve got north-facing beaches, it’s family orientated and more safe for swimming and you’ve got world-class surf breaks such as Snapper Rocks and Kirra.”

David Stringer, principal of DJ Stringer Property Services says his agency has sold seven apartments in Navini at Bilinga.

Render of Navini at Bilinga.

He said his agency had sold seven units for more than $3 million each in Bilinga development Navini over the past two weeks.

The boutique tower, which is not yet built, is set to feature 15 beachfront residences over eight levels on Golden Four Drive.

“We expect the demand on the southern beachfront to continue for some time,” Mr Stringer said.

“It will encourage developers to jump on those blocks and put their stamp on them.”

Navini at Bilinga, an eight-level building with 15 apartments.

The data follows a flurry of mega beachfront sales this year in Mermaid Beach and Palm Beach totalling more than $22 million.

Nine Gold Coast news co-presenter Eva Milic, and her property developer husband Marcus Dore, offloaded their beach house on Millionaires’ Row in Mermaid Beach in an off-market deal for $14.5 million.

It took 24 hours for the home to sell to another local family in a deal that was brokered by Kollosche agents Michael Kollosche and Harry Kakavas.

Meanwhile, another mega sale was inked on Jefferson Lane, Palm Beach’s Millionaires’ Row, with No. 181 selling 11 days ahead of its auction through Troy Dowker of Kollosche.