Gold Coast apartments continue to deliver better value than those in most of Australia’s capital cities, despite prices having nearly doubled over the past decade.

According to the latest K Property Insights report, Apartment Development & Design Trends, compiled by Kollosche in collaboration with housing market analyst Michael Matusik, prices for new Gold Coast apartments have risen substantially.

In 2014, a one-bedroom apartment cost between $375,000 and $400,000. By 2024, this range has increased to $600,000–$750,000. Two-bedroom apartments now cost $1 million–$1.2 million, up from $550,000–$650,000, and three-bedroom apartments have climbed to $1.6 million–$1.8 million, up from $825,000–$900,000 a decade ago.

These increases are largely driven by rising development costs and higher urban land values, particularly on the Gold Coast. Construction expenses, from materials to labour, have escalated significantly over the past decade, directly influencing the price buyers pay for new apartments.

Despite these rising prices, the Gold Coast remains a more affordable option for luxury apartments compared to other major Australian cities. The average cost per square metre for prime apartments is $17,750 on the Gold Coast, significantly lower than Sydney’s $32,350 or Brisbane’s $23,000.

This affordability, combined with premium locations and lifestyle benefits, positions the Gold Coast as a compelling alternative for buyers seeking luxury without the capital city price tag. Boutique developments near the ocean, with modern layouts and high-end inclusions, are particularly attractive, offering both value and lifestyle.

One key finding from the report is the shift towards smaller apartments as a way to manage rising costs. Over the past decade, average apartment sizes have decreased significantly. One-bedroom apartments have shrunk from 80m²–90m² in 2014 to 60m²–75m² in 2024, while two-bedroom units have reduced from 130m²–140m² to 100m²–120m².

This trend is also reflected in the apartment mix being developed. In 2014, one-bedroom apartments accounted for 15% of new stock, while in 2024, they represent 25%. Two-bedroom apartments now dominate the market, growing from 55% to 65%, while three-bedroom units have declined from 30% to just 10% of new developments.

These smaller floor plates highlight the growing focus on efficient design and functionality. Developers are increasingly incorporating flexible layouts and premium finishes to make compact spaces more appealing. Features such as open-plan living areas, high-end kitchens, and thoughtful storage solutions ensure these apartments meet the demands of modern buyers.

While prices have risen sharply, the Gold Coast remains a strong investment opportunity. The report further highlights that demand continues to outstrip supply, driven by population growth, lifestyle appeal, and limited land availability. With future price growth likely, buying a new apartment on the Gold Coast offers both lifestyle benefits and potential returns for investors.

For those considering their next move, the Gold Coast apartment market provides a blend of affordability, luxury, and modern living that is unmatched by many other Australian cities. With smaller, smarter apartments designed to meet contemporary needs, the region continues to define the future of residential property.

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